Proposed Information Collection; Comment Request, 27191-27193 [2016-10587]

Download as PDF Federal Register / Vol. 81, No. 87 / Thursday, May 5, 2016 / Notices consistent evaluation of exceptions to the adopted design standards when controlling criteria are not met on NHS highways. Authority: 23 U.S.C. 109 and 315; 23 CFR 1.32 and 625; 49 CFR 1.85. Issued on: April 22, 2016. Gregory G. Nadeau, Administrator, Federal Highway Administration. [FR Doc. 2016–10299 Filed 5–4–16; 8:45 am] BILLING CODE 4910–22–P DEPARTMENT OF THE TREASURY Internal Revenue Service Agency Information Collection Activities; Proposals, Submissions, and Approvals 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 Employment Tax Adjustments. DATES: Written comments should be received on or before July 5, 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 form and instructions should be directed to Sara Covington, 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: Employment Tax Adjustments; and Rules Relating to Additional Medicare Tax. OMB Number: 1545–2097. Regulation Project Number: REG– 111583–07 [T.D. 9405 (final)] and REG– 130074–11. Abstract: This document contains final regulations relating to employment tax adjustments and employment tax refund claims. These regulations modify the process for making interest-free mstockstill on DSK3G9T082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:06 May 04, 2016 Jkt 238001 adjustments for both underpayments and overpayments of Federal Insurance Contributions Act (FICA) and Railroad Retirement Tax Act (RRTA) taxes and federal income tax withholding (ITW) under sections 6205(a) and 6413(a), respectively, of the Internal Revenue Code (Code). Current Actions: There is a no in the paperwork burden previously approved by OMB. This form is being submitted for renewal purposes only. Type of Review: Extension of a previously approved collection. Affected Public: Businesses and other for-profit organizations. Estimated Number of Respondents: 3,400,000. Estimated Time per Respondent: 10 hours. Estimated Total Annual Burden Hours: 16,900,000. 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: April 28, 2016. Sara Covington, IRS Tax Analyst. [FR Doc. 2016–10570 Filed 5–4–16; 8:45 am] BILLING CODE 4830–01–P PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 27191 DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Information Collection; Comment Request 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)). SUMMARY: Written comments should be received on or before July 5, 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, or at Elaine.H.Christophe@irs.gov. Please send separate comments for each specific information collection listed below. You must reference the information collection’s title, form number, reporting or record-keeping requirement number, and OMB number (if any) in your comment. FOR FURTHER INFORMATION CONTACT: To obtain additional information, or copies of the information collection and instructions, or copies of any comments received, contact Elaine Christophe, at Internal Revenue Service, Room 6513, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet, at Elaine.H.Christophe@irs.gov. SUPPLEMENTARY INFORMATION: Request for Comments The Department of the Treasury and the Internal Revenue Service, as part of their continuing effort to reduce paperwork and respondent burden, invite the general public and other Federal agencies to take this opportunity to comment on the proposed or continuing information collections listed below in this notice, as required by the Paperwork Reduction Act of 1995, (44 U.S.C. 3501 et seq.). REQUEST FOR COMMENTS: Comments submitted in response to this notice will be summarized and/or included in our request for Office of Management and Budget (OMB) approval of the relevant information collection. All comments will become a matter of public record. Please do not include any confidential DATES: E:\FR\FM\05MYN1.SGM 05MYN1 mstockstill on DSK3G9T082PROD with NOTICES 27192 Federal Register / Vol. 81, No. 87 / Thursday, May 5, 2016 / Notices or inappropriate material in your comments. We invite comments on: (a) Whether the collection of information is necessary for the proper performance of the agency’s functions, including whether the information has 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 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 the requested information. Currently, the IRS is seeking comments concerning the following forms, and reporting and record-keeping requirements: 1. Title: Form 8871, Political Organization Notice of Section 527 Status; Form 8453–X, Political Organization Declaration for Electronic Filing of Notice of Section 527 Status. OMB Number: 1545–1693. Form Number: Forms 8871 and 8453– X. Abstract: Public Law 106–230 as amended by Public Law 107–276, amended Internal Revenue Code section 527(i) to require certain political organizations to provide information to the IRS regarding their name and address, their purpose, and the names and addresses of their officers, highly compensated employees, Board of Directors, and related entities within the meaning of section 168(h)(4). Forms 8871 and 8453–X are used to report this information to the IRS. Current Actions: There are no changes being made at this time. Type of Review: Extension of a currently approved collection. Affected Public: Not-for-profit institutions. Estimated Number of Respondents: 5,000. Estimated Time per Respondent: 7 hrs., 2 min. Estimated Total Annual Reporting Burden hours: 35,195. 2. Title: Annual Information Return of Foreign Trust With A U.S. owner. OMB Number: 1545–0160. Form Number: 3520–A. Abstract: Internal Revenue Code section 6048(b) requires that foreign trusts with at least on U.S. beneficiary must file an annual information return. Form 3520–A is used to report the income and deductions of the foreign trust and provide statements to the U.S. owners and beneficiaries. IRS uses Form VerDate Sep<11>2014 18:06 May 04, 2016 Jkt 238001 3520–A to determine if the U.S. owner of the trust has included the net income of the trust in its gross income. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households and business or other forprofit organizations. Estimated Number of Respondents: 500. Estimated Time per Respondent: 43 hrs., 24 min. Estimated Total Annual Burden Hours: 21,700. 3. Title: Information Return for Transfers Associated With Certain Personal Benefit Contracts. OMB Number: 1545–1702. Form Number: 8870. Abstract: Section 537 of the Ticket to Work and Work Incentives Improvement Act of 1999 added section 170(f)(10) to the Internal Revenue Code. Section 170(f)(10)(F) requires an organization to report annually: (1) Any premiums paid after February 8, 1999, to which section 170(f)(10) applies; (2) the name and taxpayer identification number (TIN) of each beneficiary under each contact to which the premiums related; and (3) any other information the Secretary of the Treasury may require. A charitable organization described in section 170(c) or a charitable remainder trust described in section 664(d) that paid premiums after February 9, 1999, or certain life insurance, annuity, and endowment contracts (personal benefit contracts) must complete and file Form 8870. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit institutions. Estimated Number of Respondents: 5,000. Estimated Time per Respondent: 14 hours, 50 minutes. Estimated Total Annual Burden Hours: 74,200. 4. Title: Generation-Skipping Transfer Tax Return for Distributions. OMB Number: 1545–1144. Form Number: 706–GS(D). Abstract: Form 706–GS(D) is used by persons who receive taxable distributions from a trust to compute and report the generation-skipping transfer tax imposed by Internal Revenue Code section 2601. IRS uses the information to verify that the tax has been properly computed. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 Affected Public: Individuals or households. Estimated Number of Respondents: 1,000. Estimated Time per Respondent: 59 minutes. Estimated Total Annual Burden Hours: 980. 5. Title: Rewards for Information Relating to Violations of Internal Revenue Laws. OMB Number: 1545–1534. Regulations: REG–252936–96 (TD 8780—final). Abstract: The regulations explain the procedure for submitting information that relates to violations of the internal revenue laws. The regulations also require a person claiming a reward for information to provide, in certain circumstances, identification of evidence that the person is the proper claimant. Current Actions: There are no changes being made to the revenue procedure at this time. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households, businesses or other forprofit organizations, and not-for-profit institutions. Estimated Number of Respondents: 10,000. Estimated Time per Respondent: 3 hrs. Estimated Total Annual Reporting Burden Hours: 30,000. 6. Title: Information Return for Transfers Associated With Certain Personal Benefit Contracts. OMB Number: 1545–1702. Form Number: 8870. Abstract: Section 537 of the Ticket to Work and Work Incentives Improvement Act of 1999 added section 170(f)(10) to the Internal Revenue Code. Section 170(f)(10)(F) requires an organization to report annually: (1) Any premiums paid after February 8, 1999, to which section 170(f)(10) applies; (2) the name and taxpayer identification number (TIN) of each beneficiary under each contact to which the premiums related; and (3) any other information the Secretary of the Treasury may require. A charitable organization described in section 170(c) or a charitable remainder trust described in section 664(d) that paid premiums after February 9, 1999, or certain life insurance, annuity, and endowment contracts (personal benefit contracts) must complete and file Form 8870. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit institutions. E:\FR\FM\05MYN1.SGM 05MYN1 mstockstill on DSK3G9T082PROD with NOTICES Federal Register / Vol. 81, No. 87 / Thursday, May 5, 2016 / Notices Estimated Number of Respondents: 5,000. Estimated Time per Respondent: 14 hours, 50 minutes. Estimated Total Annual Burden Hours: 74,200. 7. Title: Extended Carryback of Losses to or From a Consolidated Group. OMB Number: 1545–2171. Regulations: TD 9490. Abstract: This document contains final and temporary regulations under section 1502 that affect corporations filing consolidated returns. The regulations contain rules regarding the implementation of section 172(b)(1)(H) within a consolidated group. These regulations also permit certain acquiring consolidated groups to elect to waive all or a portion of the pre-acquisition carryback period pursuant to section 172(b)(1)(H) for specific losses attributable to certain acquired members. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 4,000 Estimated Time per Respondent: 0.25 hours Estimated Total Annual Burden Hours: 1,000 8. Title: Form 990–PF, Return of Private Foundation or Section 4947(a)(1) Nonexempt charitable Trust Treated as a Private Foundation, and Form 4720, return of Certain Excise Taxes on Charities and Other Persons Under Chapters 41 and 42 of the Internal revenue Code. OMB Number: 1545–0052. Form Number: 990–PF and 4720. Abstract: Internal Revenue Code section 6033 requires all private foundations, including section 4947(a)(1) trusts treated as private foundations, to file an annual information return. Section 53.4940– 1(a) of the Income Tax Regulations requires that the tax on net investment income be reported on the return filed under section 6033. Form 990–PF is used for this purpose. Section 6011 requires a report of taxes under Chapter 42 of the Code for prohibited acts by private foundations and certain related parties. Form 4720 is used by foundations and/or related persons to report prohibited activities in detail and pay the tax on them. Current Actions: There are no changes being made to the revenue procedure at this time. Type of Review: Extension of a currently approved collection. VerDate Sep<11>2014 18:06 May 04, 2016 Jkt 238001 Affected Public: Not-for-profit institutions. Estimated Number of Respondents: 55,000. Estimated Time per Respondent: 200 hrs., 58 min. Estimated Total Annual Reporting Burden Hours: 11,052,594. 9. Title: Treatment of Shareholders of Certain Passive Foreign Investment Companies. OMB Number: 1545–1507. Regulation Project Number: INTL– 656–87 (TD 8701). Abstract: The reporting requirements affect United States persons that are direct and indirect shareholders of passive foreign investment companies (PFICSs). The requirements enable the Internal Revenue Service to identify PFICs, United States shareholders, and transactions subject to PFIC taxation and verify income inclusions, excess distributions, and deferred tax amounts. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Individuals, business or other for-profit organizations, and not-for-profit institutions. Estimated Number of Respondents: 131,250. Estimated Time per Respondent: 46 minutes. Estimated Total Annual Burden Hours: 100,000. 10. Title: Credit for New Qualified Alternative Motor Vehicles (Qualified Fuel Cell Motor Vehicles). OMB Number: 1545–2028. Form Number: Notice 2008–33. Abstract: This Notice will be used to determine whether the vehicle for which the credit is claimed under § 30B by a taxpayer is property that qualifies for the credit. The collection of information is required to obtain a benefit. The likely respondents are corporations and partnerships. 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 and Households, Businesses and other forprofit organizations. Estimated Number of Respondents: 5. Estimated Time per Respondent: 40 hours. Estimated Total Annual Burden Hours: 200. 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 PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 27193 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: April 28, 2016. Tuawana Pinkston, Supervisory Tax Analyst. [FR Doc. 2016–10587 Filed 5–4–16; 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 general rules for making and maintaining qualified electing fund elections. DATES: Written comments should be received on or before July 5, 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: General Rules for Making and Maintaining Qualified Electing Fund Elections. OMB Number: 1545–1555. Regulation Project Number: REG– 115795–97. Abstract: This regulation provides guidance to a passive foreign investment company (PFIC) shareholder that makes the election under Code section 1295 to SUMMARY: E:\FR\FM\05MYN1.SGM 05MYN1

Agencies

[Federal Register Volume 81, Number 87 (Thursday, May 5, 2016)]
[Notices]
[Pages 27191-27193]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-10587]


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

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Information Collection; Comment Request

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)).

DATES: Written comments should be received on or before July 5, 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, or at Elaine.H.Christophe@irs.gov.
    Please send separate comments for each specific information 
collection listed below. You must reference the information 
collection's title, form number, reporting or record-keeping 
requirement number, and OMB number (if any) in your comment.

FOR FURTHER INFORMATION CONTACT: To obtain additional information, or 
copies of the information collection and instructions, or copies of any 
comments received, contact Elaine Christophe, at Internal Revenue 
Service, Room 6513, 1111 Constitution Avenue NW., Washington, DC 20224, 
or through the internet, at Elaine.H.Christophe@irs.gov.

SUPPLEMENTARY INFORMATION:
Request for Comments
    The Department of the Treasury and the Internal Revenue Service, as 
part of their continuing effort to reduce paperwork and respondent 
burden, invite the general public and other Federal agencies to take 
this opportunity to comment on the proposed or continuing information 
collections listed below in this notice, as required by the Paperwork 
Reduction Act of 1995, (44 U.S.C. 3501 et seq.).

REQUEST FOR COMMENTS: Comments submitted in response to this notice 
will be summarized and/or included in our request for Office of 
Management and Budget (OMB) approval of the relevant information 
collection. All comments will become a matter of public record. Please 
do not include any confidential

[[Page 27192]]

or inappropriate material in your comments.
    We invite comments on: (a) Whether the collection of information is 
necessary for the proper performance of the agency's functions, 
including whether the information has 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 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 the 
requested information.
    Currently, the IRS is seeking comments concerning the following 
forms, and reporting and record-keeping requirements:
    1. Title: Form 8871, Political Organization Notice of Section 527 
Status; Form 8453-X, Political Organization Declaration for Electronic 
Filing of Notice of Section 527 Status.
    OMB Number: 1545-1693.
    Form Number: Forms 8871 and 8453-X.
    Abstract: Public Law 106-230 as amended by Public Law 107-276, 
amended Internal Revenue Code section 527(i) to require certain 
political organizations to provide information to the IRS regarding 
their name and address, their purpose, and the names and addresses of 
their officers, highly compensated employees, Board of Directors, and 
related entities within the meaning of section 168(h)(4). Forms 8871 
and 8453-X are used to report this information to the IRS.
    Current Actions: There are no changes being made at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Not-for-profit institutions.
    Estimated Number of Respondents: 5,000.
    Estimated Time per Respondent: 7 hrs., 2 min.
    Estimated Total Annual Reporting Burden hours: 35,195.
    2. Title: Annual Information Return of Foreign Trust With A U.S. 
owner.
    OMB Number: 1545-0160.
    Form Number: 3520-A.
    Abstract: Internal Revenue Code section 6048(b) requires that 
foreign trusts with at least on U.S. beneficiary must file an annual 
information return. Form 3520-A is used to report the income and 
deductions of the foreign trust and provide statements to the U.S. 
owners and beneficiaries. IRS uses Form 3520-A to determine if the U.S. 
owner of the trust has included the net income of the trust in its 
gross income.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households and business or other 
for-profit organizations.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent: 43 hrs., 24 min.
    Estimated Total Annual Burden Hours: 21,700.
    3. Title: Information Return for Transfers Associated With Certain 
Personal Benefit Contracts.
    OMB Number: 1545-1702.
    Form Number: 8870.
    Abstract: Section 537 of the Ticket to Work and Work Incentives 
Improvement Act of 1999 added section 170(f)(10) to the Internal 
Revenue Code. Section 170(f)(10)(F) requires an organization to report 
annually: (1) Any premiums paid after February 8, 1999, to which 
section 170(f)(10) applies; (2) the name and taxpayer identification 
number (TIN) of each beneficiary under each contact to which the 
premiums related; and (3) any other information the Secretary of the 
Treasury may require. A charitable organization described in section 
170(c) or a charitable remainder trust described in section 664(d) that 
paid premiums after February 9, 1999, or certain life insurance, 
annuity, and endowment contracts (personal benefit contracts) must 
complete and file Form 8870.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit institutions.
    Estimated Number of Respondents: 5,000.
    Estimated Time per Respondent: 14 hours, 50 minutes.
    Estimated Total Annual Burden Hours: 74,200.
    4. Title: Generation-Skipping Transfer Tax Return for 
Distributions.
    OMB Number: 1545-1144.
    Form Number: 706-GS(D).
    Abstract: Form 706-GS(D) is used by persons who receive taxable 
distributions from a trust to compute and report the generation-
skipping transfer tax imposed by Internal Revenue Code section 2601. 
IRS uses the information to verify that the tax has been properly 
computed.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 1,000.
    Estimated Time per Respondent: 59 minutes.
    Estimated Total Annual Burden Hours: 980.
    5. Title: Rewards for Information Relating to Violations of 
Internal Revenue Laws.
    OMB Number: 1545-1534.
    Regulations: REG-252936-96 (TD 8780--final).
    Abstract: The regulations explain the procedure for submitting 
information that relates to violations of the internal revenue laws. 
The regulations also require a person claiming a reward for information 
to provide, in certain circumstances, identification of evidence that 
the person is the proper claimant.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, businesses or other 
for-profit organizations, and not-for-profit institutions.
    Estimated Number of Respondents: 10,000.
    Estimated Time per Respondent: 3 hrs.
    Estimated Total Annual Reporting Burden Hours: 30,000.
    6. Title: Information Return for Transfers Associated With Certain 
Personal Benefit Contracts.
    OMB Number: 1545-1702.
    Form Number: 8870.
    Abstract: Section 537 of the Ticket to Work and Work Incentives 
Improvement Act of 1999 added section 170(f)(10) to the Internal 
Revenue Code. Section 170(f)(10)(F) requires an organization to report 
annually: (1) Any premiums paid after February 8, 1999, to which 
section 170(f)(10) applies; (2) the name and taxpayer identification 
number (TIN) of each beneficiary under each contact to which the 
premiums related; and (3) any other information the Secretary of the 
Treasury may require. A charitable organization described in section 
170(c) or a charitable remainder trust described in section 664(d) that 
paid premiums after February 9, 1999, or certain life insurance, 
annuity, and endowment contracts (personal benefit contracts) must 
complete and file Form 8870.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit institutions.

[[Page 27193]]

    Estimated Number of Respondents: 5,000.
    Estimated Time per Respondent: 14 hours, 50 minutes.
    Estimated Total Annual Burden Hours: 74,200.
    7. Title: Extended Carryback of Losses to or From a Consolidated 
Group.
    OMB Number: 1545-2171.
    Regulations: TD 9490.
    Abstract: This document contains final and temporary regulations 
under section 1502 that affect corporations filing consolidated 
returns. The regulations contain rules regarding the implementation of 
section 172(b)(1)(H) within a consolidated group. These regulations 
also permit certain acquiring consolidated groups to elect to waive all 
or a portion of the pre-acquisition carryback period pursuant to 
section 172(b)(1)(H) for specific losses attributable to certain 
acquired members.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 4,000
    Estimated Time per Respondent: 0.25 hours
    Estimated Total Annual Burden Hours: 1,000
    8. Title: Form 990-PF, Return of Private Foundation or Section 
4947(a)(1) Nonexempt charitable Trust Treated as a Private Foundation, 
and Form 4720, return of Certain Excise Taxes on Charities and Other 
Persons Under Chapters 41 and 42 of the Internal revenue Code.
    OMB Number: 1545-0052.
    Form Number: 990-PF and 4720.
    Abstract: Internal Revenue Code section 6033 requires all private 
foundations, including section 4947(a)(1) trusts treated as private 
foundations, to file an annual information return. Section 53.4940-1(a) 
of the Income Tax Regulations requires that the tax on net investment 
income be reported on the return filed under section 6033. Form 990-PF 
is used for this purpose. Section 6011 requires a report of taxes under 
Chapter 42 of the Code for prohibited acts by private foundations and 
certain related parties. Form 4720 is used by foundations and/or 
related persons to report prohibited activities in detail and pay the 
tax on them.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Not-for-profit institutions.
    Estimated Number of Respondents: 55,000.
    Estimated Time per Respondent: 200 hrs., 58 min.
    Estimated Total Annual Reporting Burden Hours: 11,052,594.
    9. Title: Treatment of Shareholders of Certain Passive Foreign 
Investment Companies.
    OMB Number: 1545-1507.
    Regulation Project Number: INTL-656-87 (TD 8701).
    Abstract: The reporting requirements affect United States persons 
that are direct and indirect shareholders of passive foreign investment 
companies (PFICSs). The requirements enable the Internal Revenue 
Service to identify PFICs, United States shareholders, and transactions 
subject to PFIC taxation and verify income inclusions, excess 
distributions, and deferred tax amounts.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals, business or other for-profit 
organizations, and not-for-profit institutions.
    Estimated Number of Respondents: 131,250.
    Estimated Time per Respondent: 46 minutes.
    Estimated Total Annual Burden Hours: 100,000.
    10. Title: Credit for New Qualified Alternative Motor Vehicles 
(Qualified Fuel Cell Motor Vehicles).
    OMB Number: 1545-2028.
    Form Number: Notice 2008-33.
    Abstract: This Notice will be used to determine whether the vehicle 
for which the credit is claimed under Sec.  30B by a taxpayer is 
property that qualifies for the credit. The collection of information 
is required to obtain a benefit. The likely respondents are 
corporations and partnerships.
    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 and Households, Businesses and other 
for-profit organizations.
    Estimated Number of Respondents: 5.
    Estimated Time per Respondent: 40 hours.
    Estimated Total Annual Burden Hours: 200.
    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: April 28, 2016.
Tuawana Pinkston,
Supervisory Tax Analyst.
[FR Doc. 2016-10587 Filed 5-4-16; 8:45 am]
 BILLING CODE 4830-01-P