Submission for OMB Review; Comment Request, 5522-5525 [2014-02025]
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Federal Register / Vol. 79, No. 21 / Friday, January 31, 2014 / Notices
action may have on U.S. vessel builders
or businesses in the U.S. that use U.S.flag vessels. If MARAD determines, in
accordance with 46 U.S.C. 12121 and
MARAD’s regulations at 46 CFR part
388, that the issuance of the waiver will
have an unduly adverse effect on a U.S.vessel builder or a business that uses
U.S.-flag vessels in that business, a
waiver will not be granted. Comments
should refer to the docket number of
this notice and the vessel name in order
for MARAD to properly consider the
comments. Comments should also state
the commenter’s interest in the waiver
application, and address the waiver
criteria given in § 388.4 of MARAD’s
regulations at 46 CFR part 388.
Privacy Act
Anyone is able to search the
electronic form of all comments
received into any of our dockets by the
name of the individual submitting the
comment (or signing the comment, if
submitted on behalf of an association,
business, labor union, etc.). You may
review DOT’s complete Privacy Act
Statement in the Federal Register
published on April 11, 2000 (Volume
65, Number 70; Pages 19477–78).
By Order of the Maritime Administrator.
Dated: January 28, 2014.
Christine Gurland,
Acting Secretary, Maritime Administration.
[FR Doc. 2014–02045 Filed 1–30–14; 8:45 am]
BILLING CODE 4910–81–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
tkelley on DSK3SPTVN1PROD with NOTICES
January 28, 2014.
The Department of the Treasury will
submit the following information
collection requests to the Office of
Management and Budget (OMB) for
review and clearance in accordance
with the Paperwork Reduction Act of
1995, Public Law 104–13, on or after the
date of publication of this notice.
DATES: Comments should be received on
or before March 3, 2014 to be assured
of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
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Ave. NW., Suite 8141–D, Washington,
DC 20220, or email at PRA@
treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission(s) may be
obtained by calling (202) 622–1295,
email at PRA@treasury.gov, or the entire
information collection request may be
found at www.reginfo.gov.
Alcohol and Tobacco Tax and Trade
Bureau (TTB)
OMB Number: 1513–0036.
Type of Review: Extension without
change of a currently approved
collection.
Title: Signing Authority for Corporate
Officials.
Form: TTB F 5100.1.
Abstract: TTB F 5100.1 is used to
document the authority of an individual
or office to sign for the corporation in
TTB matters. The form identifies the
corporation, the individual or, office
authorized to sign, and documents the
authorization.
Affected Public: Private sector:
Businesses or other for-profits.
Estimated Annual Burden Hours: 502.
OMB Number: 1513–0041.
Type of Review: Revision of a
currently approved collection.
Title: Monthly Report of Processing
Operations—TTB REC 5110/03.
Form: TTB F 5110.28.
Abstract: The information collected
accounts for and verifies the processing
of distilled spirits in bond. It is used to
monitor proprietor activities, in auditing
plant operations, compiling statistics.
Affected Public: Private sector:
Businesses or other for-profits; State,
Local, and Tribal Governments.
Estimated Annual Burden Hours:
23,884.
OMB Number: 1513–0095.
Type of Review: Extension without
change of a currently approved
collection.
Title: Application for Registration for
Tax-Free Transactions Under 26 U.S.C.
4221.
Form: TTB F 5300.28.
Abstract: Businesses, State and local
governments apply for registration to
sell or purchase firearms or ammunition
tax-free on this form. TTB uses the form
to determine if a transaction is qualified
for tax-free status.
Affected Public: Private sector:
Businesses or other for-profits; State,
Local, and Tribal Governments.
Estimated Annual Burden Hours: 951.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2014–01980 Filed 1–30–14; 8:45 am]
BILLING CODE 4810–25–P
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DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
January 28, 2014
The Department of the Treasury will
submit the following information
collection requests to the Office of
Management and Budget (OMB) for
review and clearance in accordance
with the Paperwork Reduction Act of
1995, Public Law 104–13, on or after the
date of publication of this notice.
DATES: Comments should be received on
or before March 3, 2014 to be assured
of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW., Suite 8141, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission(s) may be
obtained by calling (202) 622–1295,
emailing PRA@treasury.gov, or the
entire information collection request
may be found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545–0575.
Type of Review: Extension without
change of a currently approved
collection.
Title: Return of Excise Taxes Related
to Employee Benefit Plans.
Form: Form 5330.
Abstract: Internal Revenue Code
sections 4971, 4972, 4973(a)(3), 4975,
4976, 4977, 4978, 4978A, 4978B, 4979,
4979A and 4980 impose various excise
taxes in connection with employee
benefit plans. Form 5330 is used to
compute and collect these taxes.
Affected Public: Businesses or other
for-profits.
Estimated Annual Burden Hours:
540,145.
OMB Number: 1545–0715.
Type of Review: Revision of a
currently approved collection.
Title: Proceeds From Broker and
Barter Exchange Transactions.
Form: Form 1099–B.
Abstract: Form 1099–B is used by
brokers and barter exchanges to report
proceeds from transactions to the
Internal Revenue Service. The form will
be used by IRS to verify compliance
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Federal Register / Vol. 79, No. 21 / Friday, January 31, 2014 / Notices
with the reporting rules and to verify
that the recipient has included the
proper amount of income on his or her
return.
Affected Public: Individuals or
households; Businesses or other forprofits.
Estimated Annual Burden Hours:
49,396,988.
OMB Number: 1545–1601.
Type of Review: Extension without
change of a currently approved
collection.
Title: Revenue Procedure 98–32,
EFTPS Programs for Reporting Agents.
Abstract: The Batch and Bulk Filer
programs are used by filers for
electronically submitting enrollments,
federal tax deposits, and federal tax
payments on behalf of multiple
taxpayers. These programs are part of
the Electronic Federal Tax Payment
System (EFTPS).
Affected Public: Businesses or other
for-profits.
Estimated Annual Burden Hours:
246,877.
OMB Number: 1545–1614.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–106177–97 (NPRM)
Qualified State Tuition Programs.
Abstract: Respondents are states and
eligible educational institutions that
establish and maintain qualified state
tuition programs. Respondents include
distributees who receive benefits under
the programs. Information verifies that
programs are qualified and that
distributions are used for qualified
educational expenses.
Affected Public: Individuals or
households; State, local, or tribal
governments.
Estimated Annual Burden Hours:
4,258,260.
OMB Number: 1545–1616.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–115393–98 (Final) Roth
IRAs.
Abstract: This collection of
information contains regulations
relating to Roth IRAs under section
408A of the Internal Revenue Code. The
regulations provide guidance on
establishing Roth IRAs, contributions to
Roth IRAs, converting amounts to Roth
IRAs, recharacterizing IRA
contributions, Roth IRA distributions
and Roth IRA reporting
requirements.The regulations affect
individuals establishing Roth IRAs,
beneficiaries under Roth IRAs, and
trustees, custodians or issuers of Roth
IRAs.
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Affected Public: Individuals or
households; Businesses or other forprofits; and Not-for-profit institutions.
Estimated Annual Burden Hours:
125,000.
OMB Number: 1545–1623.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–246256–96 (Final) Excise
Taxes on Excess Benefit Transactions.
Abstract: The rule affects
organizations described in Internal
Revenue Code section 501(c)(3) and (4)
applicable tax-exempt organizations).
The collection of information entails
obtaining and relying on appropriate
comparability data and documenting the
basis of an organization’s determination
that compensation is reasonable, or a
property transfer (or transfer of the right
to use property) is at fair market value.
These actions comprise two of the
requirements specified in the legislative
history for obtaining the rebuttable
presumption of reasonableness.
Affected Public: Not-for-profit
institutions.
Estimated Annual Burden Hours:
910,083.
OMB Number: 1545–1731.
Type of Review: Extension without
change of a currently approved
collection.
Title: Revenue Procedure 2001–37,
Extraterritorial Income Exclusion
Elections.
Abstract: A taxpayer that wants to
revoke its election to be treated as a
domestic corporation for all purposes of
the Internal Revenue Code must file a
revocation statement with the Internal
Revenue Service. This revenue
procedure provides guidance for
implementing the elections (and
revocation of such elections) established
under the ‘‘FSC Repeal and
Extraterritorial Income Exclusion Act of
2000.’’
Affected Public: Businesses or other
for-profits.
Estimated Annual Burden Hours: 19.
OMB Number: 1545–1751.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–107151–00 (TD 9035—
Final) Constructive Transfers and
Transfers of Property to a Third Party on
Behalf of a Spouse.
Abstract: The regulation sets forth the
required information that will permit
spouses or former spouses to treat a
redemption by a corporation of stock of
one spouse or former spouse as a
transfer of that stock to the other spouse
or former spouse in exchange for the
redemption proceeds and a redemption
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of the stock from the latter spouse or
former spouse in exchange for the
redemption proceeds.
Affected Public: Individuals or
households; Businesses or other forprofits.
Estimated Annual Burden Hours: 500.
OMB Number: 1545–1899.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–138176–02 (Final) Timely
Mailing Treated As Timely Filing.
Abstract: Section 7502(a) of the
Internal Revenue Code provides that a
document received after the due date for
filing will be treated as filed on the date
of the United States postmark on the
envelope containing the document if the
postmark date is on or before the date
for filing the document and the
document is placed in the U.S. mail on
or before the due date. Under I.R.C. Sec.
7502, in order for taxpayers to establish
the postmark date and prima facie
evidence of delivery when using
registered or certified mail to file
documents with the IRS, taxpayers will
need to retain the sender’s receipt.
Affected Public: Individuals or
households; Businesses or other forprofits; Not-for-profit institutions;
Farms; Federal government; and State,
local, or tribal governments.
Estimated Annual Burden Hours:
1,084,765.
OMB Number: 1545–1906.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–149524–03, LIFO
Recapture Under Section 1363(d).
Abstract: This collection of
information is required to inform the
IRS of partnerships electing to increase
the basis of inventory to reflect any
amount included in a partner’s income
under section 1363(d).Section 1.1363–
2(e)(ii) allows a partnership to elect to
adjust the basis of its inventory to take
account of LIFO recapture. Section
1.1363–2(e)(3) provides guidance on
how to make this election.
Affected Public: Individuals or
households; Businesses or other forprofits.
Estimated Annual Burden Hours: 200.
OMB Number: 1545–2061.
Type of Review: Extension without
change of a currently approved
collection.
Title: Supplemental Attachment to
Schedule M–3.
Form: Form 8916–A.
Abstract: Form 8916–A provides a
detailed schedule that reconciles the
amount of the of cost of goods sold
reported on Schedule M–3 for the Form
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Federal Register / Vol. 79, No. 21 / Friday, January 31, 2014 / Notices
1120, Form 1065, or Form 1120–S. The
authority is Internal Revenue Code
section 6011 (P.L. 105–206, Title II,
Sections 2001 through 2005).
Affected Public: Businesses or other
for-profits.
Estimated Annual Burden Hours:
5,049,720.
tkelley on DSK3SPTVN1PROD with NOTICES
OMB Number: 1545–2065.
Type of Review: Extension without
change of a currently approved
collection.
Title: Notice of Qualified Equity
Investment for New Markets Credit.
Form: Form 8874–A.
Abstract: Internal Revenue Code
sections 6109 and 6103 code section
45N. Section 45N was added by section
405 of the Tax Relief and Health Care
Act of 2006. Form 8874–A provides a
means for the qualified mining company
to compute and claim the credit.
Affected Public: Individuals or
households; Businesses or other forprofits.
Estimated Annual Burden Hours:
2,715.
OMB Number: 1545–2067.
Type of Review: Extension without
change of a currently approved
collection.
Title: Mine Rescue Team Training
Credit.
Form: Form 8923.
Abstract: Form 8923, Mine Rescue
Team Training Credit, provides a means
for the qualified mining company to
compute and claim the credit.
Affected Public: Businesses or other
for-profits.
Estimated Annual Burden Hours: 292.
OMB Number: 1545–2068.
Type of Review: Extension without
change of a currently approved
collection.
Title: TD 9340 (Final) Revised
Regulations Concerning Section 403(b)
Tax-Sheltered Annuity Contracts.
Abstract: The collection of
information in the regulations is in final
regulations under section 403(b) of the
Internal Revenue Code and under
related provisions of sections 402(b),
402(g), 402A, and 414(c). The
regulations provide updated guidance
on section 403(b) contracts of public
schools and tax-exempt organizations
described in section 501(c)(3). Such
information exchange is necessary to
ensure compliance with tax law
requirements relating to loans and
hardship distributions from section
403(b) plans and sponsors of section
403(b) contracts, administrators,
participants, and beneficiaries.
Affected Public: Individuals or
households; Not-for-profit institutions;
and State, local, or tribal governments.
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Estimated Annual Burden Hours:
45,000.
OMB Number: 1545–2169.
Type of Review: Extension without
change of a currently approved
collection.
Title: Notice 2010–30/Notice 2012–
41—Transitional Guidance for
Taxpayers Claiming Relief Under the
Military Spouses Residency Relief Act
for Taxable Year 2009 and subsequent
years.
Abstract: On April 15, 2010, the
Department of the Treasury and the IRS
published Notice 2010–30, 2010–18
I.R.B. 650, which provides relief and
procedures for certain taxpayers who
are spouses (civilian spouses) of active
duty members of the uniformed services
(servicemembers). The relief and
procedures were made available to
civilian spouses who (A) accompany
their servicemember spouses to a
military duty station in American
Samoa, Guam, the Northern Mariana
Islands (NMI), Puerto Rico, or the U.S.
Virgin Islands (USVI) (each a ‘‘U.S.
territory’’) and claim residence or
domicile (tax residence) in one of the 50
States or the District of Columbia under
the Military Spouses Residency Relief
Act (MSRRA) or (B) accompany their
servicemember spouses to a military
duty station in one of the 50 States or
the District of Columbia and claim tax
residence in a U.S. territory under
MSRRA. The relief and procedures set
forth in Notice 2010–30 were initially
available for the taxable year 2009.
On June 7, 2012, the Treasury
Department and the IRS published
Notice 2012–41, which extended the
relief and procedures announced in
Notice 2010–30 to the subsequent
taxable years. This notice further
extends the relief set forth in Notice
2010–30 for civilian spouses described
in the prior paragraph to taxable years
beginning after November 11, 2010 and
subsequent calendar years, and provides
that such civilian spouses should follow
the applicable procedures described in
Notice 2010–30.
Affected Public: Individuals or
households.
Estimated Annual Burden Hours:
6,200.
OMB Number: 1545–2173.
Type of Review: Extension without
change of a currently approved
collection.
Title: Hiring Incentives to Restore
Employment (HIRE) Act Employee
Affidavit.
Form: Form W–11.
Abstract: This form was created in
response to the Hiring Incentives to
Restore Employment (HIRE) Act, which
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was signed on March 18, 2010. The form
was developed as a template for the
convenience of employers who must
collect affidavits from qualifying
employees. The form is not filed; rather,
an employer must retain the affidavit in
order to justify claiming certain HIRE
Act benefits. A model form is needed as
soon as possible so that employers can
begin confidently claiming payroll
exemptions. The useful life of the form
is only from March 18, 2010 to
December 31, 2010.
Affected Public: Businesses or other
for-profits.
Estimated Annual Burden Hours:
227,000.
OMB Number: 1545–2174.
Type of Review: Extension without
change of a currently approved
collection.
Title: Form 14134, Application for
Certificate of Subordination of Federal
Tax Lien, and Form 14135, Application
for Certificate of Discharge of Property
from Federal Tax Lien.
Form: Form 14134, Form 14135.
Abstract: The collection of
information is required by 26 CFR
301.6325–1(b)(5) for consideration of
the United States discharging property
from the federal tax lien and is required
by 26 CFR 301.6325–1(d)(4) for
consideration that the United States
subordinate its interest in property.
These forms will provide guidance to
ensure proper documentation is
submitted to the IRS.
Affected Public: Individuals or
households; Businesses or other forprofits; Not-for-profit institutions;
Farms; Federal government; and State,
local, or tribal governments.
Estimated Annual Burden Hours:
22,665.
OMB Number: 1545–2175.
Type of Review: Extension without
change of a currently approved
collection.
Title: Form 8942—Application for
Certification of Qualified Investments
Eligible for Credits; Notice 2010–45—
Qualifying Therapeutic Discovery
Project Credit.
Form: Form 8942.
Abstract: On March 23, 2010, the
President signed the Patient Protection
and Affordable Care Act (Act) (Pub. L.
111–148). Section 9023(a) of the Act
adds section 48D to the Internal
Revenue Code. Section 48D provides a
50-percent nonrefundable investment
tax credit, and corresponding grant in
lieu of a tax credit, for qualified
investments in qualifying therapeutic
discovery projects. The credit and grant
are designed to encourage investments
in new therapies relating to diseases.
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Form 8942 will be used to apply for
certification and credit.
Affected Public: Businesses or other
for-profits.
Estimated Annual Burden Hours:
14,545.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014–02025 Filed 1–30–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
January 27, 2014.
tkelley on DSK3SPTVN1PROD with NOTICES
The Department of the Treasury will
submit the following information
collection requests to the Office of
Management and Budget (OMB) for
review and clearance in accordance
with the Paperwork Reduction Act of
1995, Public Law 104–13, on or after the
date of publication of this notice.
DATES: Comments should be received on
or before March 3, 2014 to be assured
of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW., Suite 8141, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission(s) may be
obtained by calling (202) 622–1295,
emailing PRA@treasury.gov, or the
entire information collection request
may be found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545–0140.
Type of Review: Extension without
change of a currently approved
collection.
Title: Form 2210, Underpayment of
Estimated Tax by Individuals, Estate,
and Trusts; Form 2210–F,
Underpayment of Estimated Tax by
Farmers and Fishermen.
Form: Form 2210, Form 2210–F.
Abstract: Internal Revenue Code
section 6654 imposes a penalty for
failure to pay estimated tax. These forms
are used by taxpayers to determine
whether they are subject to the penalty
and to compute the penalty if it applies.
The IRS uses this information to
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determine whether the taxpayer is
subject to the penalty and to verify the
penalty amount.
Affected Public: Individuals or
households; businesses or other forprofits; and farms.
Estimated Annual Burden Hours:
2,405,663.
OMB Number: 1545–0531.
Type of Review: Extension without
change of a currently approved
collection.
Title: Form 706–NA, United States
Estate (and Generation-Skipping
Transfer) Tax Return, Estate of
nonresident not a citizen of the United
States.
Form: Form 706–NA.
Abstract: Under section 6018,
executors must file estate tax returns for
nonresident non-citizens that had
property in the U.S. Executors use Form
706–NA for this purpose. IRS uses the
information to determine correct tax and
credits.
Affected Public: Individuals or
households.
Estimated Annual Burden Hours:
3,584.
OMB Number: 1545–0807.
Type of Review: Extension without
change of a currently approved
collection.
Title: (TD 7533) Final, DISC Rules on
Procedure and Administration; Rules on
Export Trade Corporations, and (TD
7896) Final, Income from Trade Shows.
Abstract: Section 1.6071–1(b) requires
that when a taxpayer files a late return
for a short period, proof of unusual
circumstances for late filing must be
given to the District Director. Sections
1.6072(b),(c),(d), and (e) of the IRC deal
with the filing dates of certain corporate
returns. Regulation section 1.6072–2
provides additional information
concerning these filing dates. The
information is used to ensure timely
filing of corporate income tax returns.
Affected Public: Individuals or
households; Businesses or other forprofits; not-for-profit institutions; farms;
and State, local, or tribal governments.
Estimated Annual Burden Hours:
3,104.
OMB Number: 1545–1056.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–209020–86 (formerly
INTL–61–86) NPRM & Temporary
Foreign Tax Credit; Notification and
Adjustment Due to Foreign Tax
Redeterminations.
Abstract: Section 905(c) requires that
a taxpayer notify the Internal Revenue
Service of a change in the taxpayer’s
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foreign income tax liability that may
affect its foreign tax credit. New 1.905–
4T provides rules concerning the time,
manner, and contents of such
notification. Should the taxpayer fail to
notify the IRS, penalties under section
6689 may be imposed. Respondents are
U.S. taxpayers that claim a foreign tax
credit under sections 901, 902, or 960.
Affected Public: Individuals or
households; businesses or other forprofits.
Estimated Annual Burden Hours:
54,000.
OMB Number: 1545–1058.
Type of Review: Revision of a
currently approved collection.
Title: Form 8655-Reporting Agent
Authorization; Revenue Procedure
2012–32.
Form: Form 8655.
Abstract: Revenue Procedure 2007–38
tells the clients of reporting agents how
to monitor the tax deposits agents make
for them. It obligates reporting agents to
remind their clients regularly of this
retained tax obligation. The Service may
on occasion seek the notices to monitor
reporting agent compliance with the
notice rules and to document that
clients have been informed of the
clients’ retained tax obligations.
Revenue Procedure 2012–32 modifies
and supersedes Rev. Proc. 2007–38 and
provides the requirements for
completing and submitting Form 8655,
Reporting Agent Authorization
(Authorization). An Authorization
allows a taxpayer to designate a
Reporting Agent to perform certain acts
on behalf of a taxpayer.
Form 8655: Allows a taxpayer to
designate a reporting agent to file
certain employment tax returns
electronically, and to submit Federal tax
deposits. This form allows IRS to
disclose tax account information and to
provide duplicate copies of taxpayer
correspondence to authorized agents.
Reporting agents are persons or
organizations preparing and filing
electronically the federal tax returns
and/or submitting federal tax deposits.
Affected Public: Private sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
819,050.
OMB Number: 1545–1596.
Type of Review: Extension without
change of a currently approved
collection.
Title: Request for Innocent Spouse
Relief.
Form: Form 8857, Form 8857(SP).
Abstract: Section 6103(e) of the
Internal revenue code allows taxpayers
to request, and IRS to grant, ‘‘innocent
spouse’’ relief when: taxpayer filed a
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]]>Agencies
[Federal Register Volume 79, Number 21 (Friday, January 31, 2014)]
[Notices]
[Pages 5522-5525]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-02025]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
January 28, 2014
The Department of the Treasury will submit the following
information collection requests to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, Public Law 104-13, on or after the date of
publication of this notice.
DATES: Comments should be received on or before March 3, 2014 to be
assured of consideration.
ADDRESSES: Send comments regarding the burden estimate, or any other
aspect of the information collection, including suggestions for
reducing the burden, to (1) Office of Information and Regulatory
Affairs, Office of Management and Budget, Attention: Desk Officer for
Treasury, New Executive Office Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8141, Washington,
DC 20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be
obtained by calling (202) 622-1295, emailing PRA@treasury.gov, or the
entire information collection request may be found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545-0575.
Type of Review: Extension without change of a currently approved
collection.
Title: Return of Excise Taxes Related to Employee Benefit Plans.
Form: Form 5330.
Abstract: Internal Revenue Code sections 4971, 4972, 4973(a)(3),
4975, 4976, 4977, 4978, 4978A, 4978B, 4979, 4979A and 4980 impose
various excise taxes in connection with employee benefit plans. Form
5330 is used to compute and collect these taxes.
Affected Public: Businesses or other for-profits.
Estimated Annual Burden Hours: 540,145.
OMB Number: 1545-0715.
Type of Review: Revision of a currently approved collection.
Title: Proceeds From Broker and Barter Exchange Transactions.
Form: Form 1099-B.
Abstract: Form 1099-B is used by brokers and barter exchanges to
report proceeds from transactions to the Internal Revenue Service. The
form will be used by IRS to verify compliance
[[Page 5523]]
with the reporting rules and to verify that the recipient has included
the proper amount of income on his or her return.
Affected Public: Individuals or households; Businesses or other
for-profits.
Estimated Annual Burden Hours: 49,396,988.
OMB Number: 1545-1601.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 98-32, EFTPS Programs for Reporting
Agents.
Abstract: The Batch and Bulk Filer programs are used by filers for
electronically submitting enrollments, federal tax deposits, and
federal tax payments on behalf of multiple taxpayers. These programs
are part of the Electronic Federal Tax Payment System (EFTPS).
Affected Public: Businesses or other for-profits.
Estimated Annual Burden Hours: 246,877.
OMB Number: 1545-1614.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-106177-97 (NPRM) Qualified State Tuition Programs.
Abstract: Respondents are states and eligible educational
institutions that establish and maintain qualified state tuition
programs. Respondents include distributees who receive benefits under
the programs. Information verifies that programs are qualified and that
distributions are used for qualified educational expenses.
Affected Public: Individuals or households; State, local, or tribal
governments.
Estimated Annual Burden Hours: 4,258,260.
OMB Number: 1545-1616.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-115393-98 (Final) Roth IRAs.
Abstract: This collection of information contains regulations
relating to Roth IRAs under section 408A of the Internal Revenue Code.
The regulations provide guidance on establishing Roth IRAs,
contributions to Roth IRAs, converting amounts to Roth IRAs,
recharacterizing IRA contributions, Roth IRA distributions and Roth IRA
reporting requirements.The regulations affect individuals establishing
Roth IRAs, beneficiaries under Roth IRAs, and trustees, custodians or
issuers of Roth IRAs.
Affected Public: Individuals or households; Businesses or other
for-profits; and Not-for-profit institutions.
Estimated Annual Burden Hours: 125,000.
OMB Number: 1545-1623.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-246256-96 (Final) Excise Taxes on Excess Benefit
Transactions.
Abstract: The rule affects organizations described in Internal
Revenue Code section 501(c)(3) and (4) applicable tax-exempt
organizations). The collection of information entails obtaining and
relying on appropriate comparability data and documenting the basis of
an organization's determination that compensation is reasonable, or a
property transfer (or transfer of the right to use property) is at fair
market value. These actions comprise two of the requirements specified
in the legislative history for obtaining the rebuttable presumption of
reasonableness.
Affected Public: Not-for-profit institutions.
Estimated Annual Burden Hours: 910,083.
OMB Number: 1545-1731.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2001-37, Extraterritorial Income Exclusion
Elections.
Abstract: A taxpayer that wants to revoke its election to be
treated as a domestic corporation for all purposes of the Internal
Revenue Code must file a revocation statement with the Internal Revenue
Service. This revenue procedure provides guidance for implementing the
elections (and revocation of such elections) established under the
``FSC Repeal and Extraterritorial Income Exclusion Act of 2000.''
Affected Public: Businesses or other for-profits.
Estimated Annual Burden Hours: 19.
OMB Number: 1545-1751.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-107151-00 (TD 9035--Final) Constructive Transfers and
Transfers of Property to a Third Party on Behalf of a Spouse.
Abstract: The regulation sets forth the required information that
will permit spouses or former spouses to treat a redemption by a
corporation of stock of one spouse or former spouse as a transfer of
that stock to the other spouse or former spouse in exchange for the
redemption proceeds and a redemption of the stock from the latter
spouse or former spouse in exchange for the redemption proceeds.
Affected Public: Individuals or households; Businesses or other
for-profits.
Estimated Annual Burden Hours: 500.
OMB Number: 1545-1899.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-138176-02 (Final) Timely Mailing Treated As Timely
Filing.
Abstract: Section 7502(a) of the Internal Revenue Code provides
that a document received after the due date for filing will be treated
as filed on the date of the United States postmark on the envelope
containing the document if the postmark date is on or before the date
for filing the document and the document is placed in the U.S. mail on
or before the due date. Under I.R.C. Sec. 7502, in order for taxpayers
to establish the postmark date and prima facie evidence of delivery
when using registered or certified mail to file documents with the IRS,
taxpayers will need to retain the sender's receipt.
Affected Public: Individuals or households; Businesses or other
for-profits; Not-for-profit institutions; Farms; Federal government;
and State, local, or tribal governments.
Estimated Annual Burden Hours: 1,084,765.
OMB Number: 1545-1906.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-149524-03, LIFO Recapture Under Section 1363(d).
Abstract: This collection of information is required to inform the
IRS of partnerships electing to increase the basis of inventory to
reflect any amount included in a partner's income under section
1363(d).Section 1.1363-2(e)(ii) allows a partnership to elect to adjust
the basis of its inventory to take account of LIFO recapture. Section
1.1363-2(e)(3) provides guidance on how to make this election.
Affected Public: Individuals or households; Businesses or other
for-profits.
Estimated Annual Burden Hours: 200.
OMB Number: 1545-2061.
Type of Review: Extension without change of a currently approved
collection.
Title: Supplemental Attachment to Schedule M-3.
Form: Form 8916-A.
Abstract: Form 8916-A provides a detailed schedule that reconciles
the amount of the of cost of goods sold reported on Schedule M-3 for
the Form
[[Page 5524]]
1120, Form 1065, or Form 1120-S. The authority is Internal Revenue Code
section 6011 (P.L. 105-206, Title II, Sections 2001 through 2005).
Affected Public: Businesses or other for-profits.
Estimated Annual Burden Hours: 5,049,720.
OMB Number: 1545-2065.
Type of Review: Extension without change of a currently approved
collection.
Title: Notice of Qualified Equity Investment for New Markets
Credit.
Form: Form 8874-A.
Abstract: Internal Revenue Code sections 6109 and 6103 code section
45N. Section 45N was added by section 405 of the Tax Relief and Health
Care Act of 2006. Form 8874-A provides a means for the qualified mining
company to compute and claim the credit.
Affected Public: Individuals or households; Businesses or other
for-profits.
Estimated Annual Burden Hours: 2,715.
OMB Number: 1545-2067.
Type of Review: Extension without change of a currently approved
collection.
Title: Mine Rescue Team Training Credit.
Form: Form 8923.
Abstract: Form 8923, Mine Rescue Team Training Credit, provides a
means for the qualified mining company to compute and claim the credit.
Affected Public: Businesses or other for-profits.
Estimated Annual Burden Hours: 292.
OMB Number: 1545-2068.
Type of Review: Extension without change of a currently approved
collection.
Title: TD 9340 (Final) Revised Regulations Concerning Section
403(b) Tax-Sheltered Annuity Contracts.
Abstract: The collection of information in the regulations is in
final regulations under section 403(b) of the Internal Revenue Code and
under related provisions of sections 402(b), 402(g), 402A, and 414(c).
The regulations provide updated guidance on section 403(b) contracts of
public schools and tax-exempt organizations described in section
501(c)(3). Such information exchange is necessary to ensure compliance
with tax law requirements relating to loans and hardship distributions
from section 403(b) plans and sponsors of section 403(b) contracts,
administrators, participants, and beneficiaries.
Affected Public: Individuals or households; Not-for-profit
institutions; and State, local, or tribal governments.
Estimated Annual Burden Hours: 45,000.
OMB Number: 1545-2169.
Type of Review: Extension without change of a currently approved
collection.
Title: Notice 2010-30/Notice 2012-41--Transitional Guidance for
Taxpayers Claiming Relief Under the Military Spouses Residency Relief
Act for Taxable Year 2009 and subsequent years.
Abstract: On April 15, 2010, the Department of the Treasury and the
IRS published Notice 2010-30, 2010-18 I.R.B. 650, which provides relief
and procedures for certain taxpayers who are spouses (civilian spouses)
of active duty members of the uniformed services (servicemembers). The
relief and procedures were made available to civilian spouses who (A)
accompany their servicemember spouses to a military duty station in
American Samoa, Guam, the Northern Mariana Islands (NMI), Puerto Rico,
or the U.S. Virgin Islands (USVI) (each a ``U.S. territory'') and claim
residence or domicile (tax residence) in one of the 50 States or the
District of Columbia under the Military Spouses Residency Relief Act
(MSRRA) or (B) accompany their servicemember spouses to a military duty
station in one of the 50 States or the District of Columbia and claim
tax residence in a U.S. territory under MSRRA. The relief and
procedures set forth in Notice 2010-30 were initially available for the
taxable year 2009.
On June 7, 2012, the Treasury Department and the IRS published
Notice 2012-41, which extended the relief and procedures announced in
Notice 2010-30 to the subsequent taxable years. This notice further
extends the relief set forth in Notice 2010-30 for civilian spouses
described in the prior paragraph to taxable years beginning after
November 11, 2010 and subsequent calendar years, and provides that such
civilian spouses should follow the applicable procedures described in
Notice 2010-30.
Affected Public: Individuals or households.
Estimated Annual Burden Hours: 6,200.
OMB Number: 1545-2173.
Type of Review: Extension without change of a currently approved
collection.
Title: Hiring Incentives to Restore Employment (HIRE) Act Employee
Affidavit.
Form: Form W-11.
Abstract: This form was created in response to the Hiring
Incentives to Restore Employment (HIRE) Act, which was signed on March
18, 2010. The form was developed as a template for the convenience of
employers who must collect affidavits from qualifying employees. The
form is not filed; rather, an employer must retain the affidavit in
order to justify claiming certain HIRE Act benefits. A model form is
needed as soon as possible so that employers can begin confidently
claiming payroll exemptions. The useful life of the form is only from
March 18, 2010 to December 31, 2010.
Affected Public: Businesses or other for-profits.
Estimated Annual Burden Hours: 227,000.
OMB Number: 1545-2174.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 14134, Application for Certificate of Subordination of
Federal Tax Lien, and Form 14135, Application for Certificate of
Discharge of Property from Federal Tax Lien.
Form: Form 14134, Form 14135.
Abstract: The collection of information is required by 26 CFR
301.6325-1(b)(5) for consideration of the United States discharging
property from the federal tax lien and is required by 26 CFR 301.6325-
1(d)(4) for consideration that the United States subordinate its
interest in property. These forms will provide guidance to ensure
proper documentation is submitted to the IRS.
Affected Public: Individuals or households; Businesses or other
for-profits; Not-for-profit institutions; Farms; Federal government;
and State, local, or tribal governments.
Estimated Annual Burden Hours: 22,665.
OMB Number: 1545-2175.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 8942--Application for Certification of Qualified
Investments Eligible for Credits; Notice 2010-45--Qualifying
Therapeutic Discovery Project Credit.
Form: Form 8942.
Abstract: On March 23, 2010, the President signed the Patient
Protection and Affordable Care Act (Act) (Pub. L. 111-148). Section
9023(a) of the Act adds section 48D to the Internal Revenue Code.
Section 48D provides a 50-percent nonrefundable investment tax credit,
and corresponding grant in lieu of a tax credit, for qualified
investments in qualifying therapeutic discovery projects. The credit
and grant are designed to encourage investments in new therapies
relating to diseases.
[[Page 5525]]
Form 8942 will be used to apply for certification and credit.
Affected Public: Businesses or other for-profits.
Estimated Annual Burden Hours: 14,545.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014-02025 Filed 1-30-14; 8:45 am]
BILLING CODE 4830-01-P
