Submission for OMB Review; Comment Request, 73951-73952 [2014-29094]

Download as PDF Federal Register / Vol. 79, No. 239 / Friday, December 12, 2014 / Notices Estimated Total Burden Hours: 1,333. Robert Dahl, Treasury PRA Clearance Officer. [FR Doc. 2014–29095 Filed 12–11–14; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request December 8, 2014. mstockstill on DSK4VPTVN1PROD 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 January 12, 2015 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 8140, Washington, DC 20220, or email at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be obtained by calling (202) 927–5331, email at PRA@treasury.gov, or the entire information collection request may be found at www.reginfo.gov. Internal Revenue Service (IRS) OMB Number: 1545–0058. Type of Review: Revision of a currently approved collection. Title: Application for Recognition of Exemption Under Section 521 of the Internal Revenue Code. Form: 1028. Abstract: Farmers’ cooperatives must file Form 1028 to apply for exemption from Federal income tax as being organizations described in IRC section 521. The information on Form 1028 provides the basis for determining whether the applicants are exempt. Affected Public: Private Sector: Businesses or other for-profits, farms. Estimated Annual Burden Hours: 3,594. OMB Number: 1545–0235. Type of Review: Extension without change of a currently approved collection. VerDate Sep<11>2014 16:57 Dec 11, 2014 Jkt 235001 Title: Monthly Tax Return for Wagers. Form: 730. Abstract: Form 730 is used to identify taxable wagers and collect the tax monthly. The information is used to determine if persons accepting wagers are correctly reporting the amount of wagers and paying the required tax. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 418,362. OMB Number: 1545–1012. Type of Review: Extension without change of a currently approved collection. Title: Form 5305A–SEP—Salary Reduction Simplified Employee Pension-Individual Retirement Accounts Contribution Agreement. Form: 5305A–SEP. Abstract: Form 5305A–SEP is used by an employer to make an agreement to provide benefits to all employees under a salary reduction Simplified Employee Pension (SEP) described in section 408(k). This form is not to be filed with IRS, but is to be retained in the employer’s records as proof of establishing such a plan, thereby justifying a deduction for contributions made to the SEP. The data is used to verify the deduction. Affected Public: Private Sector: Business or other for-profits. Estimated Annual Burden Hours: 972,000. OMB Number: 1545–1028. Type of Review: Extension without change of a currently approved collection. Title: INTL–941–86 (NPRM) and INTL–655–87 (Temporary) (TD 8178) Passive Foreign Investment Companies. Abstract: These regulations specify how U.S. persons who are shareholders of passive foreign investment companies (PFICs) make elections with respect to their PFIC stock. Affected Public: Private Sector: Businesses and other for-profits. Estimated Annual Burden Hours: 112,500. OMB Number: 1545–1797. Type of Review: Extension without change of a currently approved collection. Title: REG–106876–00 (TD9082) (Final), Revision of Income Tax Regulations under Sections 897, 1445, and 6109 to require use of Taxpayer Identifying Numbers on Submission under the Section 897 and 1445. Abstract: The collection of information relates to applications for withholding certificates under sec. 1.1445–1 to be filed with the IRS with PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 73951 respect to (1) dispositions of U.S. real property interests that have been used by foreign persons as a principle residence within the prior 5 years and excluded from gross income under section 121 and (2) dispositions of U.S. real property interests by foreign persons in deferred like kind exchanges that qualify for non-recognition under section 1031. Affected Public: Private Sector: Businesses and other for-profits. Estimated Annual Burden Hours: 600. OMB Number: 1545–1926. Type of Review: Extension without change of a currently approved collection. Title: Notice 2005–10, Domestic Reinvestment Plans and Other Guidance under Section 965. Abstract: This notice provides guidance concerning new section 965 of the Internal Revenue Code (Code). It sets forth general principles and specific guidance on domestic reinvestment plans and on investments in the United States described in section 965(b)(4)(B). The Treasury Department and the Internal Revenue Service (IRS) intend to issue additional notices providing guidance concerning section 965, including rules relating to the foreign tax credit and expense allocation, rules for adjusting the calculation of the base period amounts to take into account mergers, acquisitions and spin-offs, and rules regarding controlled groups. Affected Public: Private Sector: Businesses and other for-profits. Estimated Annual Burden Hours: 3,750,000. OMB Number: 1545–2207. Type of Review: Extension without change of a currently approved collection. Title: Revenue Procedure 2011–26, Additional First Year Depreciation Deduction. Abstract: This revenue procedure provides guidance under § 2022(a) of the Small Business Jobs Act of 2010, Public Law 111–240, 124 Stat. 2504 (September 27, 2010) (SBJA), and § 401(a) and (b) of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, Public Law 111–312, 124 Stat. 3296 (December 17, 2010) (TRUIRJCA). Sections 2022(a) of the SBJA and 401(a) of the TRUIRJCA amend § 168(k)(2) of the Internal Revenue Code by extending the placed-in-service date for property to qualify for the 50-percent additional first year depreciation deduction. Section 401(b) of the TRUIRJCA amends § 168(k) by adding § 168(k)(5) that temporarily allows a 100-percent additional first year depreciation deduction for certain new property. E:\FR\FM\12DEN1.SGM 12DEN1 73952 Federal Register / Vol. 79, No. 239 / Friday, December 12, 2014 / Notices Affected Public: Private Sector: Businesses and other for-profits. Estimated Annual Burden Hours: 125,000. members. This notice announces the appointment of persons to serve on the PRB of the Department of Veterans Affairs. Dawn D. Wolfgang, Treasury PRA Clearance Officer. DATES: [FR Doc. 2014–29094 Filed 12–11–14; 8:45 am] ADDRESSES: 2014. BILLING CODE 4830–01–P DEPARTMENT OF VETERANS AFFAIRS Performance Review Board Members Corporate Senior Executive Management Office, Department of Veterans Affairs. ACTION: Notice. AGENCY: Under the provisions of 5 U.S.C. 4314(c)(4) agencies are required to publish a notice in the Federal Register of the appointment of Performance Review Board (PRB) mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 16:57 Dec 11, 2014 Effective Date: December 12, Patricia C. Vandenberg Ron Walters Arthur Gonzalez Elisa Basnight Georgia Coffey Jkt 235001 Signing Authority Corporate Senior Executive Management Office, Department of Veterans Affairs, 810 Vermont Avenue NW., Washington, DC 20420. FOR FURTHER INFORMATION CONTACT: Contact Tia N. Butler, Executive Director, Corporate Senior Executive Management Office (052), Department of Veterans Affairs, 810 Vermont Avenue NW., Washington, DC 20420, (202) 461– 7865. (This is not a toll free number.) SUPPLEMENTARY INFORMATION: The membership of the Department of Veterans Affairs Performance Review Board is as follows: Gina Farrisee (Chair) A. Jacy Thurmond, Jr. Danny Pummill The Secretary of Veterans Affairs, or designee, approved this document and authorized the undersigned to sign and submit the document to the Office of the Federal Register for publication electronically as an official document of the Department of Veterans Affairs. Jose D. Riojas, Chief of Staff, Department of Veterans Affairs, approved this document on December 9, 2014, for publication. PO 00000 Frm 00074 Fmt 4703 Sfmt 9990 Dated: December 10, 2014. William F. Russo, Acting Director, Office of Regulation Policy & Management, Office of the General Counsel, Department of Veterans Affairs. [FR Doc. 2014–29262 Filed 12–11–14; 8:45 am] BILLING CODE 8320–01–P E:\FR\FM\12DEN1.SGM 12DEN1

Agencies

[Federal Register Volume 79, Number 239 (Friday, December 12, 2014)]
[Notices]
[Pages 73951-73952]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-29094]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

December 8, 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 January 12, 2015 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 8140, Washington, 
DC 20220, or email at PRA@treasury.gov.

FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be 
obtained by calling (202) 927-5331, email at PRA@treasury.gov, or the 
entire information collection request may be found at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Number: 1545-0058.
    Type of Review: Revision of a currently approved collection.
    Title: Application for Recognition of Exemption Under Section 521 
of the Internal Revenue Code.
    Form: 1028.
    Abstract: Farmers' cooperatives must file Form 1028 to apply for 
exemption from Federal income tax as being organizations described in 
IRC section 521. The information on Form 1028 provides the basis for 
determining whether the applicants are exempt.
    Affected Public: Private Sector: Businesses or other for-profits, 
farms.
    Estimated Annual Burden Hours: 3,594.

    OMB Number: 1545-0235.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Monthly Tax Return for Wagers.
    Form: 730.
    Abstract: Form 730 is used to identify taxable wagers and collect 
the tax monthly. The information is used to determine if persons 
accepting wagers are correctly reporting the amount of wagers and 
paying the required tax.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 418,362.

    OMB Number: 1545-1012.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form 5305A-SEP--Salary Reduction Simplified Employee 
Pension-Individual Retirement Accounts Contribution Agreement.
    Form: 5305A-SEP.
    Abstract: Form 5305A-SEP is used by an employer to make an 
agreement to provide benefits to all employees under a salary reduction 
Simplified Employee Pension (SEP) described in section 408(k). This 
form is not to be filed with IRS, but is to be retained in the 
employer's records as proof of establishing such a plan, thereby 
justifying a deduction for contributions made to the SEP. The data is 
used to verify the deduction.
    Affected Public: Private Sector: Business or other for-profits.
    Estimated Annual Burden Hours: 972,000.

    OMB Number: 1545-1028.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: INTL-941-86 (NPRM) and INTL-655-87 (Temporary) (TD 8178) 
Passive Foreign Investment Companies.
    Abstract: These regulations specify how U.S. persons who are 
shareholders of passive foreign investment companies (PFICs) make 
elections with respect to their PFIC stock.
    Affected Public: Private Sector: Businesses and other for-profits.
    Estimated Annual Burden Hours: 112,500.

    OMB Number: 1545-1797.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-106876-00 (TD9082) (Final), Revision of Income Tax 
Regulations under Sections 897, 1445, and 6109 to require use of 
Taxpayer Identifying Numbers on Submission under the Section 897 and 
1445.
    Abstract: The collection of information relates to applications for 
withholding certificates under sec. 1.1445-1 to be filed with the IRS 
with respect to (1) dispositions of U.S. real property interests that 
have been used by foreign persons as a principle residence within the 
prior 5 years and excluded from gross income under section 121 and (2) 
dispositions of U.S. real property interests by foreign persons in 
deferred like kind exchanges that qualify for non-recognition under 
section 1031.
    Affected Public: Private Sector: Businesses and other for-profits.
    Estimated Annual Burden Hours: 600.

    OMB Number: 1545-1926.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2005-10, Domestic Reinvestment Plans and Other 
Guidance under Section 965.
    Abstract: This notice provides guidance concerning new section 965 
of the Internal Revenue Code (Code). It sets forth general principles 
and specific guidance on domestic reinvestment plans and on investments 
in the United States described in section 965(b)(4)(B). The Treasury 
Department and the Internal Revenue Service (IRS) intend to issue 
additional notices providing guidance concerning section 965, including 
rules relating to the foreign tax credit and expense allocation, rules 
for adjusting the calculation of the base period amounts to take into 
account mergers, acquisitions and spin-offs, and rules regarding 
controlled groups.
    Affected Public: Private Sector: Businesses and other for-profits.
    Estimated Annual Burden Hours: 3,750,000.

    OMB Number: 1545-2207.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2011-26, Additional First Year 
Depreciation Deduction.
    Abstract: This revenue procedure provides guidance under Sec.  
2022(a) of the Small Business Jobs Act of 2010, Public Law 111-240, 124 
Stat. 2504 (September 27, 2010) (SBJA), and Sec.  401(a) and (b) of the 
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation 
Act of 2010, Public Law 111-312, 124 Stat. 3296 (December 17, 2010) 
(TRUIRJCA). Sections 2022(a) of the SBJA and 401(a) of the TRUIRJCA 
amend Sec.  168(k)(2) of the Internal Revenue Code by extending the 
placed-in-service date for property to qualify for the 50-percent 
additional first year depreciation deduction. Section 401(b) of the 
TRUIRJCA amends Sec.  168(k) by adding Sec.  168(k)(5) that temporarily 
allows a 100-percent additional first year depreciation deduction for 
certain new property.

[[Page 73952]]

    Affected Public: Private Sector: Businesses and other for-profits.
    Estimated Annual Burden Hours: 125,000.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2014-29094 Filed 12-11-14; 8:45 am]
BILLING CODE 4830-01-P
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