Proposed Information Collection; Comment Request, 15385-15386 [2014-05991]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 79, Number 53 (Wednesday, March 19, 2014)]
[Notices]
[Pages 15385-15386]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-05991]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Information Collection; Comment Request

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)).

DATES: Written comments should be received on or before May 19, 2014 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Christie A. Preston, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.
    Please send separate comments for each specific information 
collection listed below. You must reference the information 
collection's title, form number, reporting or recordkeeping requirement 
number, and OMB number (if any) in your comment.

FOR FURTHER INFORMATION CONTACT: To obtain additional information, or 
copies of the information collection and instructions, or copies of any 
comments received, contact Elaine Christophe, at Internal Revenue 
Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, 
or through the internet, at Elaine.H.Christophe@irs.gov.

SUPPLEMENTARY INFORMATION: 

Request for Comments

    The Department of the Treasury and the Internal Revenue Service, as 
part of their continuing effort to reduce paperwork and respondent 
burden, invite the general public and other Federal agencies to take 
this opportunity to comment on the proposed or continuing information 
collections listed below in this notice, as required by the Paperwork 
Reduction Act of 1995, (44 U.S.C. 3501 et seq.).
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in our request for Office of 
Management and Budget (OMB) approval of the relevant information 
collection. All comments will become a matter of public record. Please 
do not include any confidential or inappropriate material in your 
comments.
    We invite comments on: (a) Whether the collection of information is 
necessary for the proper performance of the agency's functions, 
including whether the information has practical utility; (b) the 
accuracy of the agency's estimate of the burden of the collection of 
information; (c) ways to enhance the quality, utility, and clarity of 
the information to be collected; (d) ways to minimize the burden of the 
collection of information on respondents, including the use of 
automated collection techniques or other forms of information 
technology; and (e) estimates of capital or start-up costs and costs of 
operation, maintenance, and purchase of services to provide the 
requested information.
    Currently, the IRS is seeking comments concerning the following 
forms, and reporting and recordkeeping requirements:
    Title: Guidance under Section 664(c) Regarding the Effect of 
Unrelated Business Taxable Income on Charitable Remainder Trusts.
    OMB Number: 1545-2101.
    Regulation Project Number: TD 9403.
    Abstract: This document provides guidance under Internal Revenue 
Code section 664 on the tax effect of unrelated business taxable income 
(UBTI) on charitable remainder trusts. The regulations reflect the 
changes made to section 664(c) by section 424(a) and (b) of the Tax 
Relief and Health Care Act of 2006. The regulations affect charitable 
remainder trusts that have UBTI in taxable years beginning after 
December 31, 2006.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations.
    Estimated Number of Respondents: 100.
    Estimated Time per Respondent: .5 hour.
    Estimated Total Annual Burden Hours: 50.
    Title: Definition of an S Corporation.
    OMB Number: 1545-0731.
    Regulation Project Number: T.D. 8600.
    Abstract: This regulation provides the procedures and the 
statements to be filed by certain individuals for making the election 
under Internal Revenue Code section 136(d)(2), the refusal to consent 
to the election, or the revocation of that election. The statements 
required to be filed are used to verify that taxpayers are complying 
with requirements imposed by Congress under subchapter S.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations and 
individuals.
    Estimated Number of Respondents: 2,010.
    Estimated Time per Respondent: .5 hour.
    Estimated Total Annual Burden Hours: 1,005.
    Title: Relief and Guidance on Corrections of Certain Failures of a 
Nonqualified Deferred Compensation Plan to Comply with section 409(a) 
in Operation.
    OMB Number: 1545-2086.
    Notice Number: Notice 2008-113.
    Abstract: This notice sets forth the procedures to be followed by 
service recipients and service providers in order to correct certain 
operational failures of a nonqualified deferred compensation plan to 
comply with section 409A(a). It also describes the types of operational 
failures that can be corrected under the notice.
    Current Actions: Notice 2008-113 is modified by Notice 2010-6 and 
Notice 2010-80. This collection is also being submitted for renewal 
purposes.
    Type of Review: This is an extension of a currently approved 
collection.
    Affected Public: Business or other for-profit institutions, not-
for-profit institutions, and individuals or households.
    Estimated Number of Respondents: 10,000.
    Estimated Average Time per Respondent: 30 minutes.
    Estimated Total Annual Burden Hours: 5,000.
    The following paragraph applies to all of the collections of 
information covered by this notice:

[[Page 15386]]

    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.

    Approved: March 12, 2014.
Christie A. Preston,
IRS Reports Clearance Officer.
[FR Doc. 2014-05991 Filed 3-18-14; 8:45 am]
BILLING CODE 4830-01-P