Submission for OMB Review; Comment Request, 36870-36871 [2014-15134]
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36870
Federal Register / Vol. 79, No. 125 / Monday, June 30, 2014 / Notices
Type of Review: Revision of a
currently approved collection.
Title: Election to Expense Certain
Depreciable Business Assets.
Abstract: The regulations provide
rules on the election described in
Internal Revenue Code section 179(b)(4);
the apportionment of the dollar
limitation among component members
of a controlled group; and the proper
order for deducting the carryover of
disallowed deduction. The
recordkeeping and reporting
requirements are necessary to monitor
compliance with the section 179 rules.
Affected Public: Individuals or
households; Farms; Businesses or other
for-profits.
Estimated Annual Burden Hours:
3,015,000.
mstockstill on DSK4VPTVN1PROD with NOTICES
OMB Number: 1545–1677.
Type of Review: Extension without
change of a currently approved
collection.
Title: Exclusions From Gross Income
of Foreign Corporations.
Abstract: TD 9502 contains rules
implementing the portions of section
883(a) and (c) of the Internal Revenue
Code that relate to income derived by
foreign corporations from the
international operation of a ship or
ships or aircraft. The rules provide, in
general, that a foreign corporation
organized in a qualified foreign country
and engaged in the international
operation of ships or aircraft shall
exclude qualified income from gross
income for purposes of United States
Federal income taxation, provided that
the corporation can satisfy certain
ownership and related documentation
requirements.
Affected Public: Individuals or
households; Businesses or other forprofits; and Not-for-profit institutions.
Estimated Annual Burden Hours:
23,900.
OMB Number: 1545–2197.
Type of Review: Revision of a
currently approved collection.
Title: Form 1097–BTC, Bond Tax
Credit.
Form: Form 1097–BTC.
Abstract: Bond tax credits distributed
by holders and issuers of tax credit
bonds will be reported on this form. The
form will be sent to taxpayers that
received the distribution.
Affected Public: Businesses or other
for-profits; Not-for-profit institutions.
Estimated Annual Burden Hours: 67.
OMB Number: 1545–2206.
Type of Review: Revision of a
currently approved collection.
Title: Reinstatement and Retroactive
Reinstatement for Reasonable Cause
(Rev. Proc. 2014–11) and Transitional
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Relief for Small Organizations (Notice
2011–43) under IRC § 6033(j).
Abstract: This revenue procedure
provides procedures for reinstating the
tax-exempt status of organizations that
have had their tax-exempt status
automatically revoked under section
6033(j) of the Internal Revenue Code for
failure to file required annual returns or
notices for three consecutive years. The
revenue procedure prescribes certain
circumstances under which an
organization can have its tax-exempt
status retroactively reinstated to the date
of revocation. Notice 2011–44 is
modified and superseded. Notice 2011–
43 provides transitional relief for certain
small organizations that have lost their
tax-exempt status because they failed to
file a required annual electronic notice
(Form 990–N e-Postcard) for taxable
years beginning in 2007, 2008 and 2009.
Affected Public: Not-for-profit
institutions.
Estimated Annual Burden Hours:
6,206.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014–15157 Filed 6–27–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
June 24, 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 July 30, 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 emailing PRA@treasury.gov,
calling (202) 622–1295, or viewing the
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entire information collection request at
www.reginfo.gov.
Alcohol and Tobacco Tax and Trade
Bureau (TTB)
OMB Number: 1513–0017.
Type of Review: Extension without
change of a currently approved
collection.
Title: Drawback on Beer Exported.
Form: TTB F 5130.6.
Abstract: When taxpaid beer is
removed from a brewery and ultimately
exported, the brewer exporting the beer
is eligible for a drawback (refund) of the
Federal excise taxes paid. By
completing form TTB F 5130.6 and
submitting documentation of
exportation, the brewer may receive a
refund of the taxes paid.
Affected Public: Businesses or other
for-profit organizations.
Estimated Annual Burden Hours:
5,000.
OMB Number: 1513–0032.
Type of Review: Revision of a
currently approved collection.
Title: Inventory—Manufacturer of
Tobacco Products or Processed Tobacco.
Form: TTB F 5210.9.
Abstract: TTB F 5210.9 is used by
manufacturers of tobacco products or
processed tobacco to report the
beginning and ending inventories of
tobacco products and processed tobacco
and at other times required by the TTB
regulations. The information reported
on this form is used by TTB to
determine tax liability and compliance
with regulations, and for protection of
the revenue.
Affected Public: Businesses or other
for-profit organizations.
Estimated Annual Burden Hours: 500.
OMB Number: 1513–0033.
Type of Review: Revision of a
currently approved collection.
Title: Report—Manufacturer of
Tobacco Products or Cigarette Papers
and Tubes; Report—Manufacturer of
Processed Tobacco.
Form: TTB F 5210.5, TTB F 5250.1.
Abstract: Manufacturers of tobacco
products and cigarette papers and tubes
use the TTB F 5210.5 to report on the
taxable articles manufactured, received,
and removed per month. Manufacturers
of processed tobacco use TTB F 5250.1
to account for all processed tobacco
manufactured, received, and removed
per month. TTB uses this information to
ensure that Federal excise taxes have
been properly paid and that
manufacturers have complied with
applicable Federal laws and regulations.
Affected Public: Businesses or other
for-profit organizations.
Estimated Annual Burden Hours:
6,000.
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Federal Register / Vol. 79, No. 125 / Monday, June 30, 2014 / Notices
mstockstill on DSK4VPTVN1PROD with NOTICES
OMB Number: 1513–0034.
Type of Review: Revision of a
currently approved collection.
Title: Schedule of Tobacco Products,
Cigarette Papers, or Tubes Withdrawn
from the Market.
Form: TTB F 5200.7.
Abstract: TTB F 5200.7 is used by
persons who intend to withdraw
tobacco products from the market and
file a claim for credit, refund, or
abatement of tax on those products for
which Federal excise taxes have already
been paid or determined. The industry
member uses this form to describe the
products that are to be withdrawn from
the market. Through the use of this
form, the industry member notifies TTB
when a withdrawal or destruction is to
take place, and TTB may elect to
supervise the withdrawal or destruction.
Affected Public: Businesses or other
for-profit organizations.
Estimated Annual Burden Hours:
2,250.
OMB Number: 1513–0062.
Type of Review: Extension without
change of a currently approved
collection.
Title: Usual and Customary Business
Records Relating to Denatured Spirits—
TTB REC 5150/1.
Abstract: Denatured spirits are used
for nonbeverage industrial purposes in
the manufacture of personal and
household products. These records are
maintained at the premises of the
regulated individual and are routinely
inspected by TTB personnel during field
tax compliance examinations. These
examinations are necessary to verify
that all specially denatured spirits can
be accounted for and are being used
only for purposes authorized by laws
and regulations. By ensuring that spirits
have not been diverted to beverage use,
tax revenue and public safety are
protected. No additional recordkeeping
is imposed on the respondent, as this
information collection requires the
maintenance only of the usual and
customary business records of the
regulated individual.
Affected Public: Businesses or other
for-profit organizations; State, local, and
tribal governments.
Estimated Annual Burden Hours: 1.
OMB Number: 1513–0113.
Type of Review: Extension without
change of a currently approved
collection.
Title: Special Tax ‘‘Renewal’’
Registration and Return/Special Tax
Location Registration Listing.
Form: TTB F 5630.5R.
Abstract: Chapter 52 of the Internal
Revenue Code of 1986, as amended
(IRC), imposes an occupational tax on
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19:01 Jun 27, 2014
Jkt 232001
persons engaging in certain tobacco
businesses. Section 5731 of the IRC (26
U.S.C. 5731) requires persons to register
and/or pay a special occupational tax
before conducting business in certain
tobacco categories. TTB F 5630.5R is
used both to compute and report the tax
and as an application for registry as
required by statute. TTB F 5630.5R is
computer-generated by TTB with known
taxpayer identifying information (e.g.,
name, trade name, address, employer
identification number, etc.) along with
tax computations reflecting tax class(es),
number of business locations, tax
rate(s), and total tax due. The taxpayer
corrects or supplies any inaccurate or
incomplete information.
Affected Public: Businesses or other
for-profit organizations.
Estimated Annual Burden Hours: 100.
OMB Number: 1513–0130.
Type of Review: Revision of a
currently approved collection.
Title: Report of Removal, Transfer, or
Sale of Processed Tobacco.
Form: TTB F 5250.2.
Abstract: Unregulated transfers or
sales of processed tobacco to persons
who do not hold TTB permits could
lead to processed tobacco falling into
the hands of persons who would be
unknown and unaccountable to TTB,
including illegal manufacturers. In order
to better regulate processed tobacco and
prevent diversion, TTB requires the
filing of a report, TTB F 5250.2,
covering all such transfers or sales. This
report is used to protect the revenue.
Affected Public: Businesses or other
for-profit organizations.
Estimated Annual Burden Hours:
2,400.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014–15134 Filed 6–27–14; 8:45 am]
BILLING CODE 4810–31–P
DEPARTMENT OF THE TREASURY
Departmental Offices
Proposed Collection; Comment
Request
Notice and request for
comments.
ACTION:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork burdens, invites
the general public and other Federal
agencies to comment on revisions in
2014 of a currently approved
information collection that is proposed
for approval by the Office of
Management and Budget. The Office of
International Affairs within the
SUMMARY:
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36871
Department of the Treasury is soliciting
comments concerning the revision of
the Treasury International Capital (TIC)
Form SHC/SHCA.
DATES: Written comments should be
received on or before August 29, 2014
to be assured of consideration.
ADDRESSES: Direct all written comments
to Dwight Wolkow, International
Portfolio Investment Data Systems,
Department of the Treasury, Room 5422
MT, 1500 Pennsylvania Avenue NW.,
Washington, DC 20220. In view of
possible delays in mail delivery, you
may also wish to send a copy to Mr.
Wolkow by email (comments2TIC@
do.treas.gov) or FAX (202–622–2009).
Mr. Wolkow can also be reached by
telephone (202–622–1276).
FOR FURTHER INFORMATION CONTACT:
Copies of the proposed form and
instructions are available at Part II of the
Treasury International Capital (TIC)
Forms Web page ‘‘Forms SHL/SHLA &
SHC/SHCA’’, at: https://
www.treasury.gov/resource-center/datachart-center/tic/Pages/formssh.aspx#shc. Requests for additional
information should be directed to Mr.
Wolkow.
SUPPLEMENTARY INFORMATION:
Title: Treasury International Capital
(TIC) Form SHC/SHCA ‘‘U.S.
Ownership of Foreign Securities,
including Selected Money Market
Instruments.’’
OMB Control Number: 1505–0146.
Abstract: Form SHC/SHCA is used to
conduct annual surveys of U.S.
residents’ ownership of foreign
securities for portfolio investment
purposes. These data are used by the
U.S. Government in the formulation of
international financial and monetary
policies, and for the computation of the
U.S. balance of payments accounts and
of the U.S. international investment
position. These data are also used to
provide information to the public and to
meet international reporting
commitments. The SHC/SHCA survey is
part of an internationally coordinated
effort under the auspices of the
International Monetary Fund to improve
data on securities worldwide. Most of
the major industrial and financial
countries conduct similar surveys.
The data collection includes large
benchmark surveys conducted every
five years, and smaller annual surveys
conducted in the non-benchmark years.
The data collected under an annual
survey are used in conjunction with the
results of the preceding benchmark
survey to make economy-wide estimates
for that non-benchmark year. Currently,
the determination of who must report in
the annual surveys is based primarily on
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]]>Agencies
[Federal Register Volume 79, Number 125 (Monday, June 30, 2014)]
[Notices]
[Pages 36870-36871]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-15134]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
June 24, 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 July 30, 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 emailing PRA@treasury.gov, calling (202) 622-1295, or
viewing the entire information collection request at www.reginfo.gov.
Alcohol and Tobacco Tax and Trade Bureau (TTB)
OMB Number: 1513-0017.
Type of Review: Extension without change of a currently approved
collection.
Title: Drawback on Beer Exported.
Form: TTB F 5130.6.
Abstract: When taxpaid beer is removed from a brewery and
ultimately exported, the brewer exporting the beer is eligible for a
drawback (refund) of the Federal excise taxes paid. By completing form
TTB F 5130.6 and submitting documentation of exportation, the brewer
may receive a refund of the taxes paid.
Affected Public: Businesses or other for-profit organizations.
Estimated Annual Burden Hours: 5,000.
OMB Number: 1513-0032.
Type of Review: Revision of a currently approved collection.
Title: Inventory--Manufacturer of Tobacco Products or Processed
Tobacco.
Form: TTB F 5210.9.
Abstract: TTB F 5210.9 is used by manufacturers of tobacco products
or processed tobacco to report the beginning and ending inventories of
tobacco products and processed tobacco and at other times required by
the TTB regulations. The information reported on this form is used by
TTB to determine tax liability and compliance with regulations, and for
protection of the revenue.
Affected Public: Businesses or other for-profit organizations.
Estimated Annual Burden Hours: 500.
OMB Number: 1513-0033.
Type of Review: Revision of a currently approved collection.
Title: Report--Manufacturer of Tobacco Products or Cigarette Papers
and Tubes; Report--Manufacturer of Processed Tobacco.
Form: TTB F 5210.5, TTB F 5250.1.
Abstract: Manufacturers of tobacco products and cigarette papers
and tubes use the TTB F 5210.5 to report on the taxable articles
manufactured, received, and removed per month. Manufacturers of
processed tobacco use TTB F 5250.1 to account for all processed tobacco
manufactured, received, and removed per month. TTB uses this
information to ensure that Federal excise taxes have been properly paid
and that manufacturers have complied with applicable Federal laws and
regulations.
Affected Public: Businesses or other for-profit organizations.
Estimated Annual Burden Hours: 6,000.
[[Page 36871]]
OMB Number: 1513-0034.
Type of Review: Revision of a currently approved collection.
Title: Schedule of Tobacco Products, Cigarette Papers, or Tubes
Withdrawn from the Market.
Form: TTB F 5200.7.
Abstract: TTB F 5200.7 is used by persons who intend to withdraw
tobacco products from the market and file a claim for credit, refund,
or abatement of tax on those products for which Federal excise taxes
have already been paid or determined. The industry member uses this
form to describe the products that are to be withdrawn from the market.
Through the use of this form, the industry member notifies TTB when a
withdrawal or destruction is to take place, and TTB may elect to
supervise the withdrawal or destruction.
Affected Public: Businesses or other for-profit organizations.
Estimated Annual Burden Hours: 2,250.
OMB Number: 1513-0062.
Type of Review: Extension without change of a currently approved
collection.
Title: Usual and Customary Business Records Relating to Denatured
Spirits--TTB REC 5150/1.
Abstract: Denatured spirits are used for nonbeverage industrial
purposes in the manufacture of personal and household products. These
records are maintained at the premises of the regulated individual and
are routinely inspected by TTB personnel during field tax compliance
examinations. These examinations are necessary to verify that all
specially denatured spirits can be accounted for and are being used
only for purposes authorized by laws and regulations. By ensuring that
spirits have not been diverted to beverage use, tax revenue and public
safety are protected. No additional recordkeeping is imposed on the
respondent, as this information collection requires the maintenance
only of the usual and customary business records of the regulated
individual.
Affected Public: Businesses or other for-profit organizations;
State, local, and tribal governments.
Estimated Annual Burden Hours: 1.
OMB Number: 1513-0113.
Type of Review: Extension without change of a currently approved
collection.
Title: Special Tax ``Renewal'' Registration and Return/Special Tax
Location Registration Listing.
Form: TTB F 5630.5R.
Abstract: Chapter 52 of the Internal Revenue Code of 1986, as
amended (IRC), imposes an occupational tax on persons engaging in
certain tobacco businesses. Section 5731 of the IRC (26 U.S.C. 5731)
requires persons to register and/or pay a special occupational tax
before conducting business in certain tobacco categories. TTB F 5630.5R
is used both to compute and report the tax and as an application for
registry as required by statute. TTB F 5630.5R is computer-generated by
TTB with known taxpayer identifying information (e.g., name, trade
name, address, employer identification number, etc.) along with tax
computations reflecting tax class(es), number of business locations,
tax rate(s), and total tax due. The taxpayer corrects or supplies any
inaccurate or incomplete information.
Affected Public: Businesses or other for-profit organizations.
Estimated Annual Burden Hours: 100.
OMB Number: 1513-0130.
Type of Review: Revision of a currently approved collection.
Title: Report of Removal, Transfer, or Sale of Processed Tobacco.
Form: TTB F 5250.2.
Abstract: Unregulated transfers or sales of processed tobacco to
persons who do not hold TTB permits could lead to processed tobacco
falling into the hands of persons who would be unknown and
unaccountable to TTB, including illegal manufacturers. In order to
better regulate processed tobacco and prevent diversion, TTB requires
the filing of a report, TTB F 5250.2, covering all such transfers or
sales. This report is used to protect the revenue.
Affected Public: Businesses or other for-profit organizations.
Estimated Annual Burden Hours: 2,400.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014-15134 Filed 6-27-14; 8:45 am]
BILLING CODE 4810-31-P
