Submission for OMB Review; Comment Request, 74219-74221 [2015-30178]
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Federal Register / Vol. 80, No. 228 / Friday, November 27, 2015 / Notices
Department of the Treasury, 1500
Pennsylvania Avenue NW., Washington,
DC 20220, at (202) 622–2922 (this is not
a toll-free number) or Kevin Meehan,
Policy Advisor, Federal Insurance
Office, Room 1410, Department of the
Treasury, 1500 Pennsylvania Avenue
NW., Washington, DC 20220, at (202)
622–7009 (this is not a toll-free
number). Persons who have difficulty
hearing or speaking may access this
number via TTY by calling the toll-free
Federal Relay Service at (800) 877–8339.
SUPPLEMENTARY INFORMATION:
OMB Number: 1505–0208.
Title: Terrorism Risk Insurance
Program—Program Cap on Annual
Liability.
Abstract: The Terrorism Risk
Insurance Act of 2002, as amended
(TRIA),1 established the Terrorism Risk
Insurance Program (TRIP),2 which the
Secretary of the U.S. Department of the
Treasury (Secretary) administers, with
the assistance of the Federal Insurance
Office.3 Section 103(e) of TRIA sets a
limit on the annual liability for insured
losses at $100 billion. This section
requires the Secretary to notify Congress
not later than 15 days after an act of
terrorism as to whether aggregate
insured losses are estimated to exceed
the cap. TRIA, as amended, also
requires the Secretary to determine the
pro rata share of insured losses under
the Program when insured losses exceed
the cap, and to issue regulations for
carrying this out. In order to meet these
requirements, Treasury may need to
obtain loss information from involved
insurers. This would be accomplished
by the issuance of a ‘‘data call’’ to
ascertain insurer losses. In the event of
the imposition on insurers of a ‘‘pro rata
loss percentage’’, it will be necessary to
determine compliance when processing
insurer claims for payment of the
Federal share of compensation. The
Terrorism Risk Insurance Program
Reauthorization Act of 2015 (Pub. L.
114–1) (2015 Reauthorization Act)
requires insurers participating in the
Program to submit to Treasury certain
information regarding the operation of
the Program. Treasury is presently
considering the information that should
be collected under the 2015
Reauthorization Act. It is possible that
information that will be collected
pursuant to this process under
consideration might affect the amount of
information that would need to be
1 15
U.S.C. 6701 note. Because the provisions of
TRIA (as amended) appear in a note, instead of
particular sections, of the United States Code, the
provisions of TRIA are identified by the sections of
the law.
2 See 31 CFR part 50.
3 31 U.S.C. 313(c)(1)(D).
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collected pursuant to this currently
approved data collection. Treasury will
address such issues in connection with
any notice that it issues concerning data
collection under the Terrorism Risk
Insurance Program Reauthorization Act
of 2015. This extension is sought to
maintain the existing approved data
collection in place, consistent with the
requirements of the Paperwork
Reduction Act, pending the proposal by
Treasury of any additional data
collection in connection with the
Program.
Type of Review: Extension of a
currently approved data collection.
Affected Public: Business/Financial
Institutions.
Estimated Number of Respondents:
200.
Estimated Average Time per
Respondent: 5 hours.
Estimated Total Annual Burden
Hours: 1,000 hours.
Request for Comments: 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. Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have 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 collections; (d) ways to
minimize the burden of the collection of
information on respondents, including
through 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 information.
Michael T. McRaith,
Director, Federal Insurance Office.
[FR Doc. 2015–30142 Filed 11–25–15; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
Department of the Treasury.
Notice.
AGENCY:
ACTION:
The Department of the Treasury will
submit the following information
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74219
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 December 28, 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 email at PRA@treasury.gov
or the entire information collection
request may be found at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
OMB Number: 1545–0432.
Type of Review: Extension without
change of a previously approved
collection.
Title: Request for Discharge from
Personal Liability Under Internal
Revenue Code Section 2204 or 6905.
Form: 5495.
Abstract: Form 5495 provides
guidance under sections 2204 and 6905
for executors of estates and fiduciaries
of decedent’s trusts. The form, filed after
regular filing of an Estate, Gift, or
Income Tax Return for a Decedent, is
used by the executor or fiduciary to
request discharge from personal liability
for any deficiency for the tax and
periods shown on the form.
Affected Public: Individuals or
Households.
Estimated Annual Burden Hours:
306,500.
OMB Number: 1545–0973.
Type of Review: Extension without
change of a previously approved
collection.
Title: Geographic Availability
Statement.
Form: 8569.
Abstract: The data collected from this
form is used by the executive panels
responsible for screening internal and
external applicants for the SES
Candidate Development Program, and
other executive position.
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74220
Federal Register / Vol. 80, No. 228 / Friday, November 27, 2015 / Notices
Affected Public: Individuals and
Households.
Estimated Annual Burden Hours: 84.
OMB Number: 1545–1251.
Type of Review: Extension without
change of a previously approved
collection.
Title: TD 8437—Limitations on
Percentage Depletion in the Case of Oil
and Gas Wells.
Abstract: Section 1.613A–3(e)(6)(i) of
the regulations requires each partner to
separately keep records of the partner’s
share of the adjusted basis of
partnership oil and gas property.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
49,550.
OMB Number: 1545–1344.
Type of Review: Extension without
change of a previously approved
collection.
Title: TD 8560 (CO–30–92)
Consolidated Returns—Stock Basis and
Excess Loss Accounts, Earnings and
Profits, Absorption of Deductions and
Losses, Joining and Leaving
Consolidated Groups, Worthless (Final),
Abstract: The reporting requirements
affect consolidated taxpayers who will
be making elections (if made) to treat
certain loss carryovers as expiring and
an election (if made) allocating items
between returns. The information will
facilitate enforcement of consolidated
return regulations.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
18,600.
OMB Number: 1545–1499.
Type of Review: Extension without
change of a previously approved
collection.
Title: Revenue Procedure 2006–10,
Acceptance Agents.
Abstract: Revenue Procedure 2006–10
describes application procedures for
becoming an acceptance agent and the
requisite agreement that an agent must
execute with IRS.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
24,960.
OMB Number: 1545–1541.
Type of Review: Revision of a
previously approved collection.
Title: Revenue Procedure 97–27,
Changes in Methods of Accounting.
Abstract: The information requested
in sections 6, 8, and 13 of Revenue
Procedure 97–27 is required in order for
the Commissioner to determine whether
the taxpayer is properly requesting to
change its method of accounting and the
terms and condition of that change.
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Jkt 238001
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
9,083.
OMB Number: 1545–1545.
Type of Review: Extension without
change of a previously approved
collection.
Title: TD 8769—(REG–107644–97)
Permitted Elimination of Pre-retirement
Optional Forms of Benefit.
Abstract: The final regulations permit
taxpayers to amend qualified plans to
eliminate plan provisions for benefit
distributions before retirement but after
age 70–1/2, if certain conditions are
satisfied.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
48,800.
OMB Number: 1545–1674.
Type of Review: Extension without
change of a previously approved
collection.
Title: Revenue Procedure 2015–36
Master and Prototype and Volume
Submitter Plans (previously Rev. Proc.
2011–49 & 2005–16).
Abstract: This revenue procedure
modifies Rev. Proc. 2011–49, 2011–44
I.R.B. 608. Rev. Proc. 2011–49 sets forth
the procedures for issuing opinion and
advisory letters regarding the
acceptability under §§ 401 and 403(b) of
the form of pre-approved plans (that it,
master and prototype (M&P) and volume
submitter (VS) plans. Rev. Proc. 2011–
49 provided that the procedures for
applying for opinion and advisory
letters will be updated from time to
time. This revenue procedure expands
the scope of the pre-approved program
to include defined benefit plans
containing cash balance features and
defined contribution plans containing
employee stock ownership plan (ESOP)
features. Plans with these types of
features have been previously excluded
from the pre-approved program. This
revenue procedure also reflects changes
that were made to the determination
letter program to eliminate features that
were of limited usefulness to sponsors
and to improve program efficiency by
reducing the time it takes to process
determination letter requests.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
988,290.
OMB Number: 1545–1828.
Type of Review: Extension without
change of a previously approved
collection.
Title: TD 9048; 9254—Guidance
under Section 1502; Suspension of
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Losses on Certain Stock Disposition
(REG–131478–02).
Abstract: The information in Sec.
1.1502–35(c) is necessary to ensure that
a consolidated group does not obtain
more than one tax benefit from both the
utilization of a loss from the disposition
of stock and the utilization of a loss or
deduction with respect to another asset
that reflects the same economic loss; to
allow the taxpayer to make an election
under Sec. 1.1502–35(c)(5) that would
benefit the taxpayer, the election in Sec.
1.1502–35(f) provides taxpayers the
choice in the case of a worthless
subsidiary to utilize a worthless stock
deduction or absorb the subsidiary’s
losses; and Sec. 1.1502–35(g)(3) applies
to ensure that taxpayers do not
circumvent the loss suspension rule of
§ 1.1502–35(c) by deconsolidating a
subsidiary and then re-importing to the
group losses of such subsidiary.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
15,000.
OMB Number: 1545–1841.
Type of Review: Extension without
change of a previously approved
collection.
Title: TD 9142 (Final), Deemed IRAs
in Qualified Retirement Plans (REG–
157302–02).
Abstract: Section 408(q), added to the
Internal Revenue Code by section 602 of
the Economic Growth and Tax Relief
Reconciliation Act of 2001, provides
that separate accounts and annuities
may be added to qualified employer
plans and deemed to be individual
retirement accounts and individual
retirement annuities if certain
requirements are met. Section 1.408(q)–
1(f)(2) provides that these deemed IRAs
must be held in a trust or annuity
contract separate from the trust or
annuity contract of the qualified
employer plan. This collection of
information is required to ensure that
the separate requirements of qualified
employer plans.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
40,000.
OMB Number: 1545–1969.
Type of Review: Extension without
change of a previously approved
collection.
Title: Form 13751–Waiver of Right to
Consistent Agreement of Partnership
Items and Partnership-Level
Determinations as to Penalties,
Additions to Tax, and Additional
Amounts.
Form: 13751.
Abstract: Per the IRS Global
Settlement Initiative, the information
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Federal Register / Vol. 80, No. 228 / Friday, November 27, 2015 / Notices
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requested on Form 13751 will be used
to determine the eligibility for
participation in the settlement initiative
of taxpayers related through TEFRA
(Tax Equity and Fiscal Responsibility
Act of 1982) partnerships to ineligible
applicants. Such determinations will
involve partnership items and
partnership-level determinations, as
well as the calculation of tax liabilities
resolved under this initiative, including
penalties and interest.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours: 100.
OMB Number: 1545–1986.
Type of Review: Extension without
change of a previously approved
collection.
Title: Notice 2006–47, Elections
Created or Effected by the American
Jobs Creation Act of 2004.
Abstract: The collection of
information will enable the Internal
Revenue Service to ensure that the
eligibility requirements for the various
elections or revocations have been
satisfied and are in compliance with the
requisite sections.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
3,034,765.
OMB Number: 1545–1990.
Type of Review: Extension without
change of a previously approved
collection.
Title: Application of Section 338 to
Insurance Companies.
Abstract: These regulations will allow
companies to retroactively apply the
regulations to transactions completed
prior to the effective data and to stop an
election to use a historic loss payment
pattern.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours: 12.
OMB Number: 1545–2115.
Type of Review: Extension without
change of a previously approved
collection.
Title: TD 9481—Travel Expenses of
State Legislators (REG–119518–07).
Abstract: This document contains
regulations relating to travel expenses of
state legislators. The regulations affect
state legislators who make the election
under section 162(h) of the Internal
Revenue Code to treat their residences
in their legislative districts as their tax
homes.
Affected Public: Individuals or
Households.
Estimated Annual Burden Hours:
3,700.
OMB Number: 1545–2133.
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Type of Review: Extension without
change of a previously approved
collection.
Title: Rev. Proc. 2009–16, Section
168(k)(4) Election Procedures and Rev.
Proc. 2009–33, Section 168(k)(4)
Extension Property Elections.
Abstract: Rev. Proc. 2009–16 provides
the time and manner for making the
election to apply section 168(k)(4) of the
Internal Revenue Code, for making the
allocation of the bonus depreciation
amount to increase certain limitation,
and for making the election to apply
section 3081(b) of the Housing and
Economic Recovery Act of 2008. It
provides the time and manner for a
corporation to make the elections
provided under new section
168(k)(4)(H) of the Internal Revenue
Code with respect to the acceleration of
claiming research or alternative
minimum tax credits in lieu of claiming
the bonus depreciation deduction.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
2,700.
OMB Number: 1545–2134.
Type of Review: Extension without
change of a previously approved
collection.
Title: Notice 2009–41—Credit for
Residential Energy Efficient Property.
Abstract: This notice provides
guidance about the procedures by which
a manufacturer can certify that
residential energy efficient property
qualifies for the § 25D credit. This
notice is intended to provide (1)
guidance concerning the methods by
which manufacturers can provide such
certifications to taxpayers, and (2)
guidance concerning the methods by
which taxpayers can claim such credits.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours: 350.
OMB Number: 1545–2137.
Type of Review: Extension without
change of a previously approved
collection.
Title: Form 8936—Qualified Plug-in
Electric Drive Motor Vehicle Credit
(Notice 2009–89).
Abstract: The notice sets forth interim
guidance, pending the issuance of
regulations, relating to the new qualified
plug-in electric drive motor vehicle
credit under § 30D of the Internal
Revenue Code, as in effect for vehicles
acquired after December 31, 2009. For
tax years beginning after 2008, Form
8936 is used to figure the credit for
qualified plug-in electric drive motor
vehicles placed in service during the tax
year. The credit attributable to
depreciable property (vehicles used for
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74221
business or investment purposes) is
treated as a general business credit. Any
credit not attributable to depreciable
property is treated as a personal credit.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Annual Burden Hours:
267,780.
OMB Number: 1545–2138.
Type of Review: Extension without
change of a previously approved
collection.
Title: Form W–8CE—Notice of
Expatriation and Waiver of Treaty
Benefits.
Form: W–8CE.
Abstract: Information used by
taxpayer to notify payer of expatriation
so that proper tax treatment is applied
by payer. The taxpayer is required to file
this form to obtain any benefit accorded
by the statute.
Affected Public: Individuals or
Households.
Estimated Annual Burden Hours:
2,840.
OMB Number: 1545–2139.
Type of Review: Extension without
change of a previously approved
collection.
Title: Identity Theft Affidavit.
Form: 14039, 14039–B, 14039 (SP),
14039–B (SP).
Abstract: The primary purpose of the
form is to provide a method of reporting
identity theft issues to the IRS so that
the IRS may document situations where
individuals are or may be victims of
identity theft. Additional purposes
include the use in the determination of
proper tax liability and to relieve
taxpayer burden. The information may
be disclosed only as provided by 26
U.S.C 6103.
Affected Public: Individuals or
Households.
Estimated Annual Burden Hours:
25,000.
Dated: November 23, 2015.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2015–30178 Filed 11–25–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
Department of the Treasury.
Notice.
AGENCY:
ACTION:
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
SUMMARY:
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]]>Agencies
[Federal Register Volume 80, Number 228 (Friday, November 27, 2015)]
[Notices]
[Pages 74219-74221]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-30178]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
AGENCY: Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
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 December 28, 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 email at PRA@treasury.gov or the entire information
collection request may be found at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
OMB Number: 1545-0432.
Type of Review: Extension without change of a previously approved
collection.
Title: Request for Discharge from Personal Liability Under Internal
Revenue Code Section 2204 or 6905.
Form: 5495.
Abstract: Form 5495 provides guidance under sections 2204 and 6905
for executors of estates and fiduciaries of decedent's trusts. The
form, filed after regular filing of an Estate, Gift, or Income Tax
Return for a Decedent, is used by the executor or fiduciary to request
discharge from personal liability for any deficiency for the tax and
periods shown on the form.
Affected Public: Individuals or Households.
Estimated Annual Burden Hours: 306,500.
OMB Number: 1545-0973.
Type of Review: Extension without change of a previously approved
collection.
Title: Geographic Availability Statement.
Form: 8569.
Abstract: The data collected from this form is used by the
executive panels responsible for screening internal and external
applicants for the SES Candidate Development Program, and other
executive position.
[[Page 74220]]
Affected Public: Individuals and Households.
Estimated Annual Burden Hours: 84.
OMB Number: 1545-1251.
Type of Review: Extension without change of a previously approved
collection.
Title: TD 8437--Limitations on Percentage Depletion in the Case of
Oil and Gas Wells.
Abstract: Section 1.613A-3(e)(6)(i) of the regulations requires
each partner to separately keep records of the partner's share of the
adjusted basis of partnership oil and gas property.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 49,550.
OMB Number: 1545-1344.
Type of Review: Extension without change of a previously approved
collection.
Title: TD 8560 (CO-30-92) Consolidated Returns--Stock Basis and
Excess Loss Accounts, Earnings and Profits, Absorption of Deductions
and Losses, Joining and Leaving Consolidated Groups, Worthless (Final),
Abstract: The reporting requirements affect consolidated taxpayers
who will be making elections (if made) to treat certain loss carryovers
as expiring and an election (if made) allocating items between returns.
The information will facilitate enforcement of consolidated return
regulations.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 18,600.
OMB Number: 1545-1499.
Type of Review: Extension without change of a previously approved
collection.
Title: Revenue Procedure 2006-10, Acceptance Agents.
Abstract: Revenue Procedure 2006-10 describes application
procedures for becoming an acceptance agent and the requisite agreement
that an agent must execute with IRS.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 24,960.
OMB Number: 1545-1541.
Type of Review: Revision of a previously approved collection.
Title: Revenue Procedure 97-27, Changes in Methods of Accounting.
Abstract: The information requested in sections 6, 8, and 13 of
Revenue Procedure 97-27 is required in order for the Commissioner to
determine whether the taxpayer is properly requesting to change its
method of accounting and the terms and condition of that change.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 9,083.
OMB Number: 1545-1545.
Type of Review: Extension without change of a previously approved
collection.
Title: TD 8769--(REG-107644-97) Permitted Elimination of Pre-
retirement Optional Forms of Benefit.
Abstract: The final regulations permit taxpayers to amend qualified
plans to eliminate plan provisions for benefit distributions before
retirement but after age 70-1/2, if certain conditions are satisfied.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 48,800.
OMB Number: 1545-1674.
Type of Review: Extension without change of a previously approved
collection.
Title: Revenue Procedure 2015-36 Master and Prototype and Volume
Submitter Plans (previously Rev. Proc. 2011-49 & 2005-16).
Abstract: This revenue procedure modifies Rev. Proc. 2011-49, 2011-
44 I.R.B. 608. Rev. Proc. 2011-49 sets forth the procedures for issuing
opinion and advisory letters regarding the acceptability under
Sec. Sec. 401 and 403(b) of the form of pre-approved plans (that it,
master and prototype (M&P) and volume submitter (VS) plans. Rev. Proc.
2011-49 provided that the procedures for applying for opinion and
advisory letters will be updated from time to time. This revenue
procedure expands the scope of the pre-approved program to include
defined benefit plans containing cash balance features and defined
contribution plans containing employee stock ownership plan (ESOP)
features. Plans with these types of features have been previously
excluded from the pre-approved program. This revenue procedure also
reflects changes that were made to the determination letter program to
eliminate features that were of limited usefulness to sponsors and to
improve program efficiency by reducing the time it takes to process
determination letter requests.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 988,290.
OMB Number: 1545-1828.
Type of Review: Extension without change of a previously approved
collection.
Title: TD 9048; 9254--Guidance under Section 1502; Suspension of
Losses on Certain Stock Disposition (REG-131478-02).
Abstract: The information in Sec. 1.1502-35(c) is necessary to
ensure that a consolidated group does not obtain more than one tax
benefit from both the utilization of a loss from the disposition of
stock and the utilization of a loss or deduction with respect to
another asset that reflects the same economic loss; to allow the
taxpayer to make an election under Sec. 1.1502-35(c)(5) that would
benefit the taxpayer, the election in Sec. 1.1502-35(f) provides
taxpayers the choice in the case of a worthless subsidiary to utilize a
worthless stock deduction or absorb the subsidiary's losses; and Sec.
1.1502-35(g)(3) applies to ensure that taxpayers do not circumvent the
loss suspension rule of Sec. 1.1502-35(c) by deconsolidating a
subsidiary and then re-importing to the group losses of such
subsidiary.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 15,000.
OMB Number: 1545-1841.
Type of Review: Extension without change of a previously approved
collection.
Title: TD 9142 (Final), Deemed IRAs in Qualified Retirement Plans
(REG-157302-02).
Abstract: Section 408(q), added to the Internal Revenue Code by
section 602 of the Economic Growth and Tax Relief Reconciliation Act of
2001, provides that separate accounts and annuities may be added to
qualified employer plans and deemed to be individual retirement
accounts and individual retirement annuities if certain requirements
are met. Section 1.408(q)-1(f)(2) provides that these deemed IRAs must
be held in a trust or annuity contract separate from the trust or
annuity contract of the qualified employer plan. This collection of
information is required to ensure that the separate requirements of
qualified employer plans.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 40,000.
OMB Number: 1545-1969.
Type of Review: Extension without change of a previously approved
collection.
Title: Form 13751-Waiver of Right to Consistent Agreement of
Partnership Items and Partnership-Level Determinations as to Penalties,
Additions to Tax, and Additional Amounts.
Form: 13751.
Abstract: Per the IRS Global Settlement Initiative, the information
[[Page 74221]]
requested on Form 13751 will be used to determine the eligibility for
participation in the settlement initiative of taxpayers related through
TEFRA (Tax Equity and Fiscal Responsibility Act of 1982) partnerships
to ineligible applicants. Such determinations will involve partnership
items and partnership-level determinations, as well as the calculation
of tax liabilities resolved under this initiative, including penalties
and interest.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 100.
OMB Number: 1545-1986.
Type of Review: Extension without change of a previously approved
collection.
Title: Notice 2006-47, Elections Created or Effected by the
American Jobs Creation Act of 2004.
Abstract: The collection of information will enable the Internal
Revenue Service to ensure that the eligibility requirements for the
various elections or revocations have been satisfied and are in
compliance with the requisite sections.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 3,034,765.
OMB Number: 1545-1990.
Type of Review: Extension without change of a previously approved
collection.
Title: Application of Section 338 to Insurance Companies.
Abstract: These regulations will allow companies to retroactively
apply the regulations to transactions completed prior to the effective
data and to stop an election to use a historic loss payment pattern.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 12.
OMB Number: 1545-2115.
Type of Review: Extension without change of a previously approved
collection.
Title: TD 9481--Travel Expenses of State Legislators (REG-119518-
07).
Abstract: This document contains regulations relating to travel
expenses of state legislators. The regulations affect state legislators
who make the election under section 162(h) of the Internal Revenue Code
to treat their residences in their legislative districts as their tax
homes.
Affected Public: Individuals or Households.
Estimated Annual Burden Hours: 3,700.
OMB Number: 1545-2133.
Type of Review: Extension without change of a previously approved
collection.
Title: Rev. Proc. 2009-16, Section 168(k)(4) Election Procedures
and Rev. Proc. 2009-33, Section 168(k)(4) Extension Property Elections.
Abstract: Rev. Proc. 2009-16 provides the time and manner for
making the election to apply section 168(k)(4) of the Internal Revenue
Code, for making the allocation of the bonus depreciation amount to
increase certain limitation, and for making the election to apply
section 3081(b) of the Housing and Economic Recovery Act of 2008. It
provides the time and manner for a corporation to make the elections
provided under new section 168(k)(4)(H) of the Internal Revenue Code
with respect to the acceleration of claiming research or alternative
minimum tax credits in lieu of claiming the bonus depreciation
deduction.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 2,700.
OMB Number: 1545-2134.
Type of Review: Extension without change of a previously approved
collection.
Title: Notice 2009-41--Credit for Residential Energy Efficient
Property.
Abstract: This notice provides guidance about the procedures by
which a manufacturer can certify that residential energy efficient
property qualifies for the Sec. 25D credit. This notice is intended to
provide (1) guidance concerning the methods by which manufacturers can
provide such certifications to taxpayers, and (2) guidance concerning
the methods by which taxpayers can claim such credits.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 350.
OMB Number: 1545-2137.
Type of Review: Extension without change of a previously approved
collection.
Title: Form 8936--Qualified Plug-in Electric Drive Motor Vehicle
Credit (Notice 2009-89).
Abstract: The notice sets forth interim guidance, pending the
issuance of regulations, relating to the new qualified plug-in electric
drive motor vehicle credit under Sec. 30D of the Internal Revenue
Code, as in effect for vehicles acquired after December 31, 2009. For
tax years beginning after 2008, Form 8936 is used to figure the credit
for qualified plug-in electric drive motor vehicles placed in service
during the tax year. The credit attributable to depreciable property
(vehicles used for business or investment purposes) is treated as a
general business credit. Any credit not attributable to depreciable
property is treated as a personal credit.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 267,780.
OMB Number: 1545-2138.
Type of Review: Extension without change of a previously approved
collection.
Title: Form W-8CE--Notice of Expatriation and Waiver of Treaty
Benefits.
Form: W-8CE.
Abstract: Information used by taxpayer to notify payer of
expatriation so that proper tax treatment is applied by payer. The
taxpayer is required to file this form to obtain any benefit accorded
by the statute.
Affected Public: Individuals or Households.
Estimated Annual Burden Hours: 2,840.
OMB Number: 1545-2139.
Type of Review: Extension without change of a previously approved
collection.
Title: Identity Theft Affidavit.
Form: 14039, 14039-B, 14039 (SP), 14039-B (SP).
Abstract: The primary purpose of the form is to provide a method of
reporting identity theft issues to the IRS so that the IRS may document
situations where individuals are or may be victims of identity theft.
Additional purposes include the use in the determination of proper tax
liability and to relieve taxpayer burden. The information may be
disclosed only as provided by 26 U.S.C 6103.
Affected Public: Individuals or Households.
Estimated Annual Burden Hours: 25,000.
Dated: November 23, 2015.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2015-30178 Filed 11-25-15; 8:45 am]
BILLING CODE 4830-01-P
