Submission for OMB Review; Comment Request, 18943-18944 [2016-07437]
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Federal Register / Vol. 81, No. 63 / Friday, April 1, 2016 / Notices
Approved: March 28, 2016.
Sara Covington,
Tax Analyst.
[FR Doc. 2016–07433 Filed 3–31–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
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
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 losses
on small business stock.
DATES: Written comments should be
received on or before May 31, 2016 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Tuawana Pinkston, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation should be
directed to Sara Covington, at Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the Internet, at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Losses on Small Business Stock.
OMB Number: 1545–1447.
Regulation Project Number: CO–46–
94; TD 8594.
Abstract: Section 1.1244(e)–1(b) of the
regulation requires that a taxpayer
claiming an ordinary loss with respect
to section 1244 stock must have records
sufficient to establish that the taxpayer
satisfies the requirements of section
1244 and is entitled to the loss. The
records are necessary to enable the
Service examiner to verify that the stock
qualifies as section 1244 stock and to
determine whether the taxpayer is
entitled to the loss.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
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SUMMARY:
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17:25 Mar 31, 2016
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Affected Public: Individuals or
households, and business or other forprofit organizations.
Estimated Number of Respondents:
10,000.
Estimated Time per Respondent: 12
minutes.
Estimated Total Annual Burden
Hours: 2,000.
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.
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 24, 2016.
Sara Covington,
Tax Analyst.
[FR Doc. 2016–07434 Filed 3–31–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
March 28, 2016.
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.
PO 00000
Frm 00121
Fmt 4703
Sfmt 4703
18943
Comments should be received on
or before May 2, 2016 to be assured of
consideration.
ADDRESSES: Send comments regarding
the burden estimates, or any other
aspect of the information collections,
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
8117, Washington, DC 20220, or email
at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained by emailing PRA@treasury.gov,
calling (202) 622–1295, or viewing the
entire information collection request at
www.reginfo.gov.
DATES:
Internal Revenue Service (IRS)
OMB Control Number: 1545–0115.
Type of Review: Revision of a
currently approved collection.
Title: Form 1099 MISC—
Miscellaneous Income.
Abstract: Form 1099–MISC is used by
payers to report payments of $600 or
more of rent, prizes and awards,
medical and health care payments,
nonemployee compensation, and crop
insurance proceeds, $10 or more of
royalties, any amount of fishing boat
proceeds, certain substitute payments,
golden parachute payments, and an
indication of direct sales of $5,000 or
more.
Estimated Total Annual Burden
Hours: 26,907,070.
OMB Control Number: 1545–1690.
Type of Review: Extension of a
currently approved collection.
Title: Notice 2000–28, Coal Exports.
Abstract: Notice 2000–28 provides
guidance relating to the coal excise tax
imposed by section 4121 of the Internal
Revenue Code. The notice provides
rules under the Code for making a
nontaxable sale of coal for export or for
obtaining a credit or refund when tax
has been paid with respect to a
nontaxable sale or coal for export.
Estimated Total Annual Burden
Hours: 400.
OMB Control Number: 1545–1972.
Type of Review: Revision of a
currently approved collection.
Title: Supplemental Income and Loss.
Abstract: Schedule E (Form 1040) is
used by individuals to report their
supplemental income. The data is used
to verify that the income reported on
their tax return is correct.
E:\FR\FM\01APN1.SGM
01APN1
asabaliauskas on DSK3SPTVN1PROD with NOTICES
18944
Federal Register / Vol. 81, No. 63 / Friday, April 1, 2016 / Notices
Estimated Total Annual Burden
Hours: 5,665,800.
OMB Control Number: 1545–1984.
Type of Review: Extension of a
currently approved collection.
Title: Domestic Production Activities
Deduction.
Abstract: Section 102 of the American
Jobs Creation Act of 2004 (section 199
of the Internal Revenue Code), created a
domestic production activities
deduction for tax years beginning after
December 31, 2004. Taxpayers will use
the Form 8903 and related instructions
to calculate the deduction. The Form
8903 will be filed by corporations,
individuals, partners (including
partners of electing large partnerships),
S corporation shareholders,
beneficiaries of estates and trusts,
cooperatives, and patrons of
cooperatives.
Estimated Total Annual Burden
Hours: 7,398,000.
OMB Control Number: 1545–1998.
Type of Review: Revision of a
currently approved collection.
Title: Alternative Motor Vehicle
Credit.
Abstract: Taxpayers will file Form
8910 to claim the credit for certain
alternative motor vehicles placed in
service after 2005.
Estimated Total Annual Burden
Hours: 19,764.
OMB Control Number: 1545–2145.
Type of Review: Extension of a
currently approved collection.
Title: Notice 2009–52, Election of
Investment Tax Credit in Lieu of
Production Tax Credit; Coordination
with Department of Treasury Grants for
Specified Energy Property in Lieu of
Tax Credits.
Abstract: The notice provides a
description of the procedures that
taxpayers will be required to follow to
make an irrevocable election to take the
investment tax credit for energy
property under section 48 of the Internal
Revenue Code in lieu of the production
tax credit under section 45 of the
Internal Revenue Code.
Estimated Total Annual Burden
Hours: 100.
OMB Control Number: 1545–2166.
Type of Review: Extension of a
currently approved collection.
Title: Form 5316, Application for
Group or Pooled Trust Ruling.
Abstract: Group/pooled trust sponsors
file this form to request a determination
letter from the IRS for a determination
that the trust is a group trust
arrangement as described in Rev. Rul.
81–100, 1981–1 C.B. 326, as modified
and clarified by Rev. Rul. 2004–67,
2004–28 I.R.B.
VerDate Sep<11>2014
17:25 Mar 31, 2016
Jkt 238001
Estimated Total Annual Burden
Hours: 3,800.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016–07437 Filed 3–31–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
March 28, 2016.
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 May 2, 2016 to be assured of
consideration.
ADDRESSES: Send comments regarding
the burden estimates, or any other
aspect of the information collections,
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
8117, Washington, DC 20220, or email
at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained by emailing PRA@treasury.gov,
calling (202) 622–1295, or viewing the
entire information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Alcohol and Tobacco Tax and Trade
Bureau (TTB)
OMB Number: 1513–0011.
Type of Review: Revision of a
currently approved collection.
Title: Formula and/or Process For
Article Made With Specially Denatured
Spirits.
Abstract: Form TTB F 5150.19 is
completed by persons who use specially
denatured spirits in the manufacture of
certain articles. TTB uses the
information provided on the form to
ensure that the manufacturing formulas
and processes for an article conform to
the requirements of 26 U.S.C. 5273
regarding the sale, use, and recovery of
denatured distilled spirits.
Estimated Total Annual Burden
Hours: 827.
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Frm 00122
Fmt 4703
Sfmt 4703
OMB Number: 1513–0012.
Type of Review: Revision of a
currently approved collection.
Title: User’s Report of Denatured
Spirits.
Abstract: The information collected
on TTB F 5150.18 summarizes the
activities of a permit holder regarding
the use of denatured spirits. In order to
protect the revenue and ensure that
permit holders lawfully operate, TTB
examines and verifies the information
collected on this report to identify
unusual activities, errors, and omissions
regarding the use of denatured spirits.
Estimated Total Annual Burden
Hours: 1,073.
OMB Number: 1513–0024.
Type of Review: Revision of a
currently approved collection.
Title: Report—Export Warehouse
Proprietor.
Abstract: As authorized by 26 U.S.C.
5722, export warehouse proprietors use
TTB F 5220.4 to account for receipt,
storage, and disposition of processed
tobacco and taxable tobacco products,
cigarette papers, and cigarette tubes.
TTB uses this information to protect the
revenue by detecting and preventing
diversion of products intended for
export and to ensure compliance with
Federal laws and regulations relating to
the removal of tobacco products,
cigarette papers, and cigarette tubes for
export, which is tax-exempt.
Estimated Total Annual Burden
Hours: 984.
OMB Number: 1513–0029.
Type of Review: Revision of a
currently approved collection.
Title: Certificate of Tax
Determination—Wine.
Abstract: The information collected
on TTB F 5120.20 supports an
exporter’s claim for drawback of the
Federal excise tax on wine by requiring
the exporter to obtain the producer’s or
bottler’s certification that the tax has
been paid or determined on a specified
amount and type of wine that contains
a specified amount of alcohol by
volume.
Estimated Total Annual Burden
Hours: 500.
OMB Number: 1513–0038.
Type of Review: Extension of a
currently approved collection.
Title: Application for Transfer of
Spirits and/or Denatured Spirits in
Bond.
Abstract: TTB F 5100.16 is completed
by distilled spirits plant proprietors
who wish to receive spirits in bond from
other distilled spirits plants. The
proprietor of the receiving distilled
spirits plant becomes liable for the
Federal excise tax on the spirits
E:\FR\FM\01APN1.SGM
01APN1
Agencies
[Federal Register Volume 81, Number 63 (Friday, April 1, 2016)]
[Notices]
[Pages 18943-18944]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-07437]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
March 28, 2016.
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 May 2, 2016 to be
assured of consideration.
ADDRESSES: Send comments regarding the burden estimates, or any other
aspect of the information collections, 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 8117, Washington,
DC 20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained by emailing PRA@treasury.gov, calling (202) 622-1295, or
viewing the entire information collection request at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Control Number: 1545-0115.
Type of Review: Revision of a currently approved collection.
Title: Form 1099 MISC--Miscellaneous Income.
Abstract: Form 1099-MISC is used by payers to report payments of
$600 or more of rent, prizes and awards, medical and health care
payments, nonemployee compensation, and crop insurance proceeds, $10 or
more of royalties, any amount of fishing boat proceeds, certain
substitute payments, golden parachute payments, and an indication of
direct sales of $5,000 or more.
Estimated Total Annual Burden Hours: 26,907,070.
OMB Control Number: 1545-1690.
Type of Review: Extension of a currently approved collection.
Title: Notice 2000-28, Coal Exports.
Abstract: Notice 2000-28 provides guidance relating to the coal
excise tax imposed by section 4121 of the Internal Revenue Code. The
notice provides rules under the Code for making a nontaxable sale of
coal for export or for obtaining a credit or refund when tax has been
paid with respect to a nontaxable sale or coal for export.
Estimated Total Annual Burden Hours: 400.
OMB Control Number: 1545-1972.
Type of Review: Revision of a currently approved collection.
Title: Supplemental Income and Loss.
Abstract: Schedule E (Form 1040) is used by individuals to report
their supplemental income. The data is used to verify that the income
reported on their tax return is correct.
[[Page 18944]]
Estimated Total Annual Burden Hours: 5,665,800.
OMB Control Number: 1545-1984.
Type of Review: Extension of a currently approved collection.
Title: Domestic Production Activities Deduction.
Abstract: Section 102 of the American Jobs Creation Act of 2004
(section 199 of the Internal Revenue Code), created a domestic
production activities deduction for tax years beginning after December
31, 2004. Taxpayers will use the Form 8903 and related instructions to
calculate the deduction. The Form 8903 will be filed by corporations,
individuals, partners (including partners of electing large
partnerships), S corporation shareholders, beneficiaries of estates and
trusts, cooperatives, and patrons of cooperatives.
Estimated Total Annual Burden Hours: 7,398,000.
OMB Control Number: 1545-1998.
Type of Review: Revision of a currently approved collection.
Title: Alternative Motor Vehicle Credit.
Abstract: Taxpayers will file Form 8910 to claim the credit for
certain alternative motor vehicles placed in service after 2005.
Estimated Total Annual Burden Hours: 19,764.
OMB Control Number: 1545-2145.
Type of Review: Extension of a currently approved collection.
Title: Notice 2009-52, Election of Investment Tax Credit in Lieu of
Production Tax Credit; Coordination with Department of Treasury Grants
for Specified Energy Property in Lieu of Tax Credits.
Abstract: The notice provides a description of the procedures that
taxpayers will be required to follow to make an irrevocable election to
take the investment tax credit for energy property under section 48 of
the Internal Revenue Code in lieu of the production tax credit under
section 45 of the Internal Revenue Code.
Estimated Total Annual Burden Hours: 100.
OMB Control Number: 1545-2166.
Type of Review: Extension of a currently approved collection.
Title: Form 5316, Application for Group or Pooled Trust Ruling.
Abstract: Group/pooled trust sponsors file this form to request a
determination letter from the IRS for a determination that the trust is
a group trust arrangement as described in Rev. Rul. 81-100, 1981-1 C.B.
326, as modified and clarified by Rev. Rul. 2004-67, 2004-28 I.R.B.
Estimated Total Annual Burden Hours: 3,800.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016-07437 Filed 3-31-16; 8:45 am]
BILLING CODE 4830-01-P