Proposed Information Collection; Comment Request, 38774-38775 [2016-14108]

Download as PDF srobinson on DSK5SPTVN1PROD with NOTICES 38774 Federal Register / Vol. 81, No. 114 / Tuesday, June 14, 2016 / Notices subsection 6018(b)(2). The Working Group will operate in accordance with the provisions of the Federal Advisory Committee Act (FACA) and the rules and regulations issued in implementation of that Act. DATES: The meeting will be held on July 15, 2016, from 10:30 a.m. to 4:30 p.m., Eastern Standard Time. ADDRESSES: The meeting will be at U.S. Department of Transportation; 1200 New Jersey Avenue SE., Washington, DC 20590. Any person requiring accessibility accommodations should contact Matthew Chambers at (202) 366–1270 or via email at: portstatistics@ dot.gov. FOR FURTHER INFORMATION CONTACT: U.S. Department of Transportation, Office of the Assistant Secretary for Research and Technology, Bureau of Transportation Statistics, Attn: Port Performance Freight Statistics Working Group, 1200 New Jersey Avenue SE., Room #E32– 342, Washington, DC 20590. SUPPLEMENTARY INFORMATION: Background: The Port Performance Freight Statistics Working Group has been created in accordance with Section 6018 of the Fixing America’s Surface Transportation (FAST) Act (Pub. L. 114–94; Dec. 4, 2015; 129 Stat. 1312). The Working Group supports development of the newly-established BTS Port Performance Freight Statistics Program. The goal of the program is ‘‘to provide nationally consistent measures of performance’’ of the nation’s largest ports, and to report annually to Congress on port capacity and throughput. The Working Group is established in the FAST Act to provide recommendations to the BTS Director on matters related to port performance measures; to identify a standard for port data; to specify standards for consistent port performance measures; to recommend statistics for measuring port capacity and throughput; and to develop a process to collect timely and consistent data. The FAST Act also identifies the membership of the Working Group, and sets a due date for recommendations to the BTS Director of December 4, 2016. Agenda: This will be the Working Group’s first meeting and will include a nonpublic administrative work session, including briefings on their responsibilities as Special Government Employees before the public session. The public session, starting at 10:30 a.m., will include U.S. Department of Transportation staff providing an overview of FAST ACT and an update of the Department’s progress implementing its Port Performance VerDate Sep<11>2014 19:36 Jun 13, 2016 Jkt 238001 Freight Statistics Program and related provisions. The Working Group will commence development of a list of tasks and subtask necessary for it to: (a) Identify a generally accepted industry standard for port data collection and reporting. (b) Specify standards for collecting data and reporting nationally consistent port performance measures. (c) Make recommendations for statistics measuring on U.S. port capacity and throughput. (d) Develop a process for the U.S. Department of Transportation (hereafter, ‘‘Department’’) to collect timely and consistent data, including identifying safeguards to protect proprietary information. The final meeting agenda will be posted on the BTS Web site at www.bts.gov/port_performance in advance of the meeting. Public Participation: The meeting will be open to the public on a first-come, first served basis, especially because space is limited. Members of the public who wish to attend in-person are asked to send RSVPs, including name and affiliation to portstatistics@dot.gov by July 11, 2016 in order to request a seat and to facilitate entry. Any person requiring accessibility accommodation, such as sign language interpretation, should contact Matthew Chambers at (202) 366–1270 or via email at: portstatistics@dot.gov five (5) business days before the meeting. Written Comments: Persons who wish to submit written comments for consideration by the Working Group must send them via email to portstatistics@dot.gov or mail to Matthew Chambers, Designated Federal Officer, Port Performance Freight Statistics Working Group, 1200 New Jersey Avenue SE., Room #E32–342, Washington, DC 20590, which must be received on or before July 11, 2016. Issued in Washington, DC, on June 8, 2016. Patricia S. Hu, Director, Bureau of Transportation Statistics. [FR Doc. 2016–13991 Filed 6–13–16; 8:45 am] BILLING CODE 4910–9X–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Information Collection; Comment Request Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: PO 00000 Frm 00119 Fmt 4703 Sfmt 4703 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 August 15, 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 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet, at Elaine.H.Christophe@irs.gov. SUPPLEMENTARY INFORMATION: SUMMARY: 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 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 E:\FR\FM\14JNN1.SGM 14JNN1 Federal Register / Vol. 81, No. 114 / Tuesday, June 14, 2016 / Notices srobinson on DSK5SPTVN1PROD with NOTICES 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: Certain Payments Made Pursuant to a Securities Lending Transaction. OMB Number: 1545–1566. Notice Number: Notice 97–66 and Notice 2010–46. Abstract: Notice 97–66 modifies final regulations which were effective November 14, 1997. The notice relaxes the statement requirement with respect to substitute interest payments relating to securities loans and sale-repurchase transactions. It also provides a withholding mechanism to eliminate excessive withholding on multiple payments in a chain of substitute dividend payments. Notice 2010–46 modifies Notice 97–66, by providing necessary information to ensure taxpayers are not subject to excessive tax pursuant to IRC section 871(l). The information will allow a withholding agent to make a substitute dividend payment to certain counterparties in a series of securities lending transactions without withholding and depositing additional excessive tax. Current Actions: There are no changes being made to the notices at this time. Type of Review: Extension of currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 383,500. Estimated Time per Respondent: 10 minutes. Estimated Total Annual Burden Hours: 62,750. VerDate Sep<11>2014 19:36 Jun 13, 2016 Jkt 238001 2. Title: Volunteer Return Preparation Critical Intake Sheet—NR. OMB Number: 1545–2075. Form Number: 13614–NR. Abstract: This form will be used at the nonresident alien VITA sites by volunteers to gather information— relevant to tax preparation—from taxpayer’s. 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. Estimated Number of Respondents: 565,039. Estimated Time per Respondent: 15 minutes. Estimated Total Annual Reporting Burden Hours: 141,260. 3. Title: Minimum Tax—Tax Benefit Rule. OMB Number: 1545–1093. Regulation Project Number: IA–56–87 and IA–53–87 (TD 8416). Abstract: Section 58(h) of the Internal Revenue Code provides that the Secretary of the Treasury shall prescribe regulations that adjust tax preference items where such items provided no tax benefit for any taxable year. This regulation provides guidance for situations where tax preference items did not result in a tax benefit because of available credits or refund of minimum tax paid on such preferences. 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: 200. Estimated Time per Respondent: 12 minutes. Estimated Total Annual Burden Hours: 40. 4. Title: Form 8871, Political Organization Notice of Section 527 Status; Form 8453–X, Political PO 00000 Frm 00120 Fmt 4703 Sfmt 9990 38775 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 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: 5,500. Estimated Time per Respondent: 7 hrs., 2 min. Estimated Total Annual Reporting Burden Hours: 35,195. 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: June 6, 2016. Elaine Christophe, IRS Tax Analyst. [FR Doc. 2016–14108 Filed 6–13–16; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\14JNN1.SGM 14JNN1

Agencies

[Federal Register Volume 81, Number 114 (Tuesday, June 14, 2016)]
[Notices]
[Pages 38774-38775]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-14108]


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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 August 15, 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 6526, 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 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

[[Page 38775]]

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: Certain Payments Made Pursuant to a Securities Lending 
Transaction.
    OMB Number: 1545-1566.
    Notice Number: Notice 97-66 and Notice 2010-46.
    Abstract: Notice 97-66 modifies final regulations which were 
effective November 14, 1997. The notice relaxes the statement 
requirement with respect to substitute interest payments relating to 
securities loans and sale-repurchase transactions. It also provides a 
withholding mechanism to eliminate excessive withholding on multiple 
payments in a chain of substitute dividend payments. Notice 2010-46 
modifies Notice 97-66, by providing necessary information to ensure 
taxpayers are not subject to excessive tax pursuant to IRC section 
871(l). The information will allow a withholding agent to make a 
substitute dividend payment to certain counterparties in a series of 
securities lending transactions without withholding and depositing 
additional excessive tax.
    Current Actions: There are no changes being made to the notices at 
this time.
    Type of Review: Extension of currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 383,500.
    Estimated Time per Respondent: 10 minutes.
    Estimated Total Annual Burden Hours: 62,750.
    2. Title: Volunteer Return Preparation Critical Intake Sheet--NR.
    OMB Number: 1545-2075.
    Form Number: 13614-NR.
    Abstract: This form will be used at the nonresident alien VITA 
sites by volunteers to gather information--relevant to tax 
preparation--from taxpayer's.
    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.
    Estimated Number of Respondents: 565,039.
    Estimated Time per Respondent: 15 minutes.
    Estimated Total Annual Reporting Burden Hours: 141,260.
    3. Title: Minimum Tax--Tax Benefit Rule.
    OMB Number: 1545-1093.
    Regulation Project Number: IA-56-87 and IA-53-87 (TD 8416).
    Abstract: Section 58(h) of the Internal Revenue Code provides that 
the Secretary of the Treasury shall prescribe regulations that adjust 
tax preference items where such items provided no tax benefit for any 
taxable year. This regulation provides guidance for situations where 
tax preference items did not result in a tax benefit because of 
available credits or refund of minimum tax paid on such preferences.
    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: 200.
    Estimated Time per Respondent: 12 minutes.
    Estimated Total Annual Burden Hours: 40.
    4. 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 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: 5,500.
    Estimated Time per Respondent: 7 hrs., 2 min.
    Estimated Total Annual Reporting Burden Hours: 35,195.
    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: June 6, 2016.
Elaine Christophe,
IRS Tax Analyst.
[FR Doc. 2016-14108 Filed 6-13-16; 8:45 am]
 BILLING CODE 4830-01-P