Proposed Collection; Comment Request for Form 8912, 14938-14939 [2016-06084]

Download as PDF asabaliauskas on DSK3SPTVN1PROD with NOTICES 14938 Federal Register / Vol. 81, No. 53 / Friday, March 18, 2016 / Notices Abstract: Revenue Procedure 97–43 provides taxpayers automatic consent to change to mark-to-market accounting for securities after the taxpayer elects under regulation section 1.475(c)–1, subject to certain terms and conditions. Revenue Ruling 97–39 provides taxpayers additional mark-to-market guidance under section 475 of the Internal Revenue Code. Current Actions: There are no changes being made to the revenue procedure or revenue ruling at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 200. Estimated Time per Respondent: 5 hours. Estimated Total Annual Burden Hours: 1,000. 5. Title: Modernized e-File—Noncompliance with Mandate for Large Corporations to file electronically. OMB Number: 1545–2023. Form Number: MeF letter. Abstract: Service will contact those taxpayers who file paper income tax returns to determine if these taxpayers should have filed electronic returns under the Mandate, Treasury Regulation Section 301.6011–5T. Current Actions: There is no change in the paperwork burden previously approved by OMB. This form is being submitted for renewal purposes only. Type of Review: Extension of a currently approved collection. Affected Public: Businesses and other for-profit organizations. Estimated Number of Respondents: 20,250. Estimated Time per Respondent: 5 minutes. Estimated Total Annual Burden Hours: 2,080. 6. Title: Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent. OMB Number: 1545–2264. Form Number: 8971. Abstract: The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 requires executors of an estate and other persons who are required to file a Form 706, Form 706–NA, or Form 706–A, to report to the Internal Revenue Service (IRS) and to each beneficiary receiving property from an estate the estate tax value of the property, if the return is filed after July 31, 2015. Form 8971 is used to report to the IRS and a Schedule A will be sent to each beneficiary and a copy of each Schedule A will be attached to the Form 8971. Some property received by a beneficiary may VerDate Sep<11>2014 19:50 Mar 17, 2016 Jkt 238001 have a consistency requirement, meaning that the beneficiary must use the value reported on the Schedule A as the beneficiary’s initial basis of the property. A beneficiary is an individual, trust, or other estate who has acquired (or is expected to acquire) property from the estate. If the executor is also a beneficiary who has acquired (or is expected to acquire) property from the estate, the executor is a beneficiary for purposes of the Form 8971 and Schedule A. 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: Individuals, Business or other for-profit organization, and notfor-profit institutions. Estimated Number of Responses: 10,000. Estimated Time Per Response: 5.31 minutes. Estimated Total Annual Burden Hours: 53,100. The following paragraph applies to all of the collections of information covered by this notice: 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 11, 2016. Elaine Christophe, IRS Tax Analyst. [FR Doc. 2016–06085 Filed 3–17–16; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8912 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: 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 SUMMARY: PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 8912, Credit to Holders of Tax Credit Bonds. Written comments should be received on or before May 17, 2016 to be assured of consideration. ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Kerry Dennis, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at Kerry.Dennis@irs.gov. SUPPLEMENTARY INFORMATION: Title: Credit to Holders of Tax Credit Bonds. OMB Number: 1545–2025. Form Number: Form 8912. Abstract: Form 8912, Credit to Holders of Tax Credit Bonds, was developed to carry out the provisions of Internal Revenue Code sections 54 and 1400N(l). The form provides a means for the taxpayer to claim the credit for the following tax credit bonds: Clean renewable energy bond (CREB), New clean renewable energy bond (NCREB), Qualified energy conservation bond (QECB), Qualified zone academy bond (QZAB), Qualified school construction bond (QSCB), and Build America bond (BAB). Current Actions: There is a change in the paperwork burden previously approved by OMB. Parts IV and V were added to report bond credit not reported on Form 1097–BTC, resulting in an overall hourly increase of 1,335 hours. The new burden total for this collection is 6,890 hours. Type of Review: Revision of a currently approved collection. Affected Public: Businesses and other for-profit organizations, Farms. Estimated Number of Respondents: 500. Estimated Time per Respondent: 13 hours 47 minutes. Estimated Total Annual Burden Hours: 6,890. The following paragraph applies to all of the collections of information covered by this notice: 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 DATES: E:\FR\FM\18MRN1.SGM 18MRN1 Federal Register / Vol. 81, No. 53 / Friday, March 18, 2016 / Notices 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. Request for Comments: 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 to be collected; (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. Approved: March 10, 2016. Tuawana Pinkston, IRS Reports Clearance Officer. FOR FURTHER INFORMATION CONTACT: Ms.Sheila Andrews, Taxpayer Advocacy Panel Director, at TaxpayerAdvocacyPanel@irs.gov. SUPPLEMENTARY INFORMATION: Notice is hereby given under section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988), and with the approval of the Secretary of the Treasury to announce the charter renewal for the Taxpayer Advocacy Panel Committee (TAP). The TAP purpose is to provide a taxpayer perspective to the Internal Revenue Service (IRS) on critical tax administrative programs. The TAP shall provide listening opportunities for taxpayers to independently identify suggestions or comments to improve IRS customer service through grass roots outreach efforts, and have direct access to elevate improvement recommendations to the appropriate operating divisions. The TAP shall also serve as a focus group to provide suggestions and/or recommendations directly to IRS management on IRS strategic initiatives. Dated: March 10, 2016. Theresa Singleton, Acting Director, Taxpayer Advocacy Panel. [FR Doc. 2016–06086 Filed 3–17–16; 8:45 am] BILLING CODE 4830–01–P [FR Doc. 2016–06084 Filed 3–17–16; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF VETERANS AFFAIRS DEPARTMENT OF THE TREASURY Internal Revenue Service Advisory Group to the Commissioner of Internal Revenue; Charter Renewal Internal Revenue Service (IRS), Treasury. ACTION: Notice. AGENCY: The Charter for the Taxpayer Advocacy Panel Committee (TAP), has been renewed for a two-year period beginning March 8, 2016. asabaliauskas on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:50 Mar 17, 2016 Jkt 238001 Research Advisory Committee on Gulf War Veterans’ Illnesses; Notice of Meeting The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act, 5 U.S.C., App. 2, that the Research Advisory Committee on Gulf War Veterans’ Illnesses will meet on April 28–29, 2016, at 1001 16th Street NW., Washington, DC, from 9:00 a.m. until 5:30 p.m. on April 28 and from 8:30 PO 00000 Frm 00118 Fmt 4703 Sfmt 9990 14939 a.m. to 2:30 p.m. on April 29. All sessions will be open to the public, and for interested parties who cannot attend in person, there is a toll-free telephone number (800) 767–1750; access code 56978#. The purpose of the Committee is to provide advice and make recommendations to the Secretary of Veterans Affairs on proposed research studies, research plans, and research strategies relating to the health consequences of military service in the Southwest Asia theater of operations during the Gulf War in 1990–1991. The Committee will review VA program activities related to Gulf War Veterans’ illnesses, and hear updates on relevant scientific research published since the last Committee meeting. Presentations will include updates on the VA Gulf War research program, along with research presentations describing neurological problems in Gulf War Veterans. There will also be a discussion of Committee business and activities. The meeting will include time reserved for public comments each afternoon. Sign-up sheet for 5-minute comments will be available at the meeting. Individuals who wish to address the Committee may submit a 1–2 page summary of their comments for inclusion in the official meeting record. Members of the public may also submit written statements for the Committee’s review to Dr. Victor Kalasinsky via email at Victor.Kalasinsky@va.gov. Any member of the public seeking additional information should contact Dr. Kalasinsky, Designated Federal Officer, at (202) 443–5600. Dated: March 15, 2016. Jelessa Burney, Federal Advisory Committee Management Officer. [FR Doc. 2016–06153 Filed 3–17–16; 8:45 am] BILLING CODE 8320–01–P E:\FR\FM\18MRN1.SGM 18MRN1

Agencies

[Federal Register Volume 81, Number 53 (Friday, March 18, 2016)]
[Notices]
[Pages 14938-14939]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-06084]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8912

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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)). Currently, the IRS is soliciting comments concerning 
Form 8912, Credit to Holders of Tax Credit Bonds.

DATES: Written comments should be received on or before May 17, 2016 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Kerry Dennis, 
at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the Internet at Kerry.Dennis@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Credit to Holders of Tax Credit Bonds.
    OMB Number: 1545-2025.
    Form Number: Form 8912.
    Abstract: Form 8912, Credit to Holders of Tax Credit Bonds, was 
developed to carry out the provisions of Internal Revenue Code sections 
54 and 1400N(l). The form provides a means for the taxpayer to claim 
the credit for the following tax credit bonds: Clean renewable energy 
bond (CREB), New clean renewable energy bond (NCREB), Qualified energy 
conservation bond (QECB), Qualified zone academy bond (QZAB), Qualified 
school construction bond (QSCB), and Build America bond (BAB).
    Current Actions: There is a change in the paperwork burden 
previously approved by OMB. Parts IV and V were added to report bond 
credit not reported on Form 1097-BTC, resulting in an overall hourly 
increase of 1,335 hours. The new burden total for this collection is 
6,890 hours.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations, 
Farms.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent: 13 hours 47 minutes.
    Estimated Total Annual Burden Hours: 6,890.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    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

[[Page 14939]]

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.
    Request for Comments: 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 to 
be collected; (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.

    Approved: March 10, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-06084 Filed 3-17-16; 8:45 am]
BILLING CODE 4830-01-P

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