Submission for OMB Review; Comment Request, 60124-60125 [2016-20993]
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60124
Federal Register / Vol. 81, No. 169 / Wednesday, August 31, 2016 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8038–B
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 Form
8038–B, Information Return for Build
America Bonds and Recovery Zone
Economic Development Bonds.
DATES: Written comments should be
received on or before October 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 notice should be directed to
Allan Hopkins at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the Internet, at
Allan.M.Hopkins@irs.gov.
SUMMARY:
mstockstill on DSK3G9T082PROD with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Information Return for Build
America Bonds and Recovery Zone
Economic Development Bonds.
OMB Number: 1545–2161.
Notice Number: Form 8038–B.
Abstract: Form 8038–B has been
developed to assist issuers of the new
types of Build America and Recovery
Zone Economic Development Bonds
enacted under the American Recovery
and Reinvestment Act of 2009 to
capture information required by IRC
section 149(e).
Current Actions: Extension of
currently approved collection. There are
no changes being made to this collection
at this time.
Type of Review: Extension of
currently approved collection.
Affected Public: Not for profit
institutions.
Estimated Number of Respondents:
5,880.
Estimated Average Time per
Respondent: 19 hrs., 19 mins.
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21:59 Aug 30, 2016
Jkt 238001
Estimated Total Annual Burden
Hours: 113,661 hrs.
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: August 23, 2016.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2016–20984 Filed 8–30–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
August 26, 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 September 30, 2016 to be
assured of consideration.
ADDRESSES: Send comments regarding
the burden estimates, or any other
aspect of the information collections,
PO 00000
Frm 00149
Fmt 4703
Sfmt 4703
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: 1545–0159.
Type of Review: Extension of a
currently approved collection.
Title: Annual Return To Report
Transactions With Foreign Trusts and
Receipt of Certain Foreign Gifts.
Form: Form 3520.
Abstract: U.S. persons (and executors
of estates of U.S. decedents) file this
form to report: Certain transactions with
foreign trusts; ownership of foreign
trusts under the rules of sections
Internal Revenue Code 671 through 679;
and receipt of certain large gifts or
bequests from certain foreign persons.
Estimated Total Annual Burden
Hours: 71,742.
OMB Control Number: 1545–0213.
Type of Review: Extension of a
currently approved collection.
Title: Form 5578—Annual
Certification of Racial
Nondiscrimination for a Private School
Exempt From Federal Income Tax.
Form: Form 5578.
Abstract: Form 5578 may be used by
organizations that operate tax-exempt
private schools to provide the Internal
Revenue Service with the annual
certification of racial nondiscrimination
required by Rev. Proc. 75–50.
Estimated Total Annual Burden
Hours: 3,730.
OMB Control Number: 1545–0742.
Type of Review: Extension of a
currently approved collection.
Title: EE–111–80 (TD 8019—Final)
Public Inspection of Exempt
Organization Return.
Abstract: Section 6104(b) authorizes
the Service to make available to the
public the returns required to be filed by
exempt organizations. The information
requested in Treasury Reg. section
301.6104(b)–1(b)(4) is necessary in order
for the Service not to disclose
confidential business information
furnished by businesses which
contribute to exempt black lung trusts.
E:\FR\FM\31AUN1.SGM
31AUN1
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Federal Register / Vol. 81, No. 169 / Wednesday, August 31, 2016 / Notices
Estimated Total Annual Burden
Hours: 22.
OMB Control Number: 1545–0939.
Type of Review: Extension of a
currently approved collection.
Title: Form 8404—Interest Charge on
DISC-Related Deferred Tax Liability.
Form: Form 8404.
Abstract: Shareholders of Interest
Charge Domestic International Sales
Corporations (IC–DISCs) use Form 8404
to figure and report an interest charge
on their DISC-related deferred tax
liability. The interest charge is required
by Internal Revenue Code section 995(f).
IRS uses the form to determine whether
the shareholder has correctly figured
and paid the interest charge on a timely
basis.
Estimated Total Annual Burden
Hours: 15,580.
OMB Control Number: 1545–1452.
Type of Review: Extension of a
currently approved collection.
Title: FI–43–94 (TD 8649—Final)
Regulations Under Section 1258 of the
Internal Revenue Code of 1986; Netting
Rule for Certain Conversion
Transactions.
Abstract: Section 1258 recharacterizes
capital gains from conversion
transactions as ordinary income to the
extent of the time value element. This
regulation provides that certain gains
and losses may be netted for purposes
of determining the amount of gain
recharacterized.
Estimated Total Annual Burden
Hours: 5,000.
OMB Control Number: 1545–1507.
Type of Review: Extension of a
currently approved collection.
Title: Treatment of Shareholders of
Certain Passive Investment Companies.
Estimated Total Annual Burden
Hours: 100,000.
OMB Control Number: 1545–1551.
Type of Review: Revision of a
currently approved collection.
Title: Changes in Methods of
Accounting (RP 2016–29).
Abstract: This revenue procedure
(2016–29) provides the procedures by
which a taxpayer may obtain automatic
consent for a change in method of
accounting described in the appendix of
Revenue Procedure 2011–14.
Estimated Total Annual Burden
Hours: 30,580.
OMB Control Number: 1545–1556.
Type of Review: Extension of a
currently approved collection.
Title: TD 8786—Source of Income
From Sales of Inventory Partly From
Sources Within a Possession of the U.S.;
Also, Source of Income Derived From
Certain Purchases From a Corp. Electing
Sec. 936.
VerDate Sep<11>2014
21:59 Aug 30, 2016
Jkt 238001
Estimated Total Annual Burden
Hours: 500.
OMB Control Number: 1545–1559.
Type of Review: Extension of a
currently approved collection.
Title: Revenue Procedures 98–46 and
97–44, LIFO Conformity Requirement.
Abstract: Rev. Proc. 98–46 extended
the relief in Rev. Proc. 97–44 to medium
and heavy truck dealers.
Estimated Total Annual Burden
Hours: 100,000.
OMB Control Number: 1545–1704.
Type of Review: Revision of a
currently approved collection.
Title: Change in Minimum Funding
Method (Rev. Proc. 2016–XX).
Abstract: This revenue procedure
provides a mechanism whereby a plan
sponsor or plan administrator may
obtain a determination from the Internal
Revenue Service that its proposed
change in the method of funding its
pension plan(s) meets the standards of
sections 412 of the Internal Revenue
Code. This updates Rev. Proc. 2000–41
based on changes in law primarily due
to the Pension Protection Act of 2006.
Estimated Total Annual Burden
Hours: 234.
OMB Control Number: 1545–1706.
Type of Review: Extension of a
currently approved collection.
Title: TD 9315—Section 1503(d)
Closing Agreement Requests.
Abstract: Revenue Procedure 2000–42
informs taxpayers of the information
they must submit to request a closing
agreement under Reg. S1.1503–
2(g)(2)(iv)(B)(2)(i) to prevent the
recapture of dual consolidated losses
(DCLs) upon the occurrence of certain
triggering events.
TD 9315 contains final regulations
under section 1503(d) of the Internal
Revenue Code (Code) regarding dual
consolidated losses. Section 1503(d)
generally provides that a dual
consolidated loss of a dual resident
corporation cannot reduce the taxable
income of any other member of the
affiliated group unless, to the extent
provided in regulations, the loss does
not offset the income of any foreign
corporation. Similar rules apply to
losses of separate units of domestic
corporations. These final regulations
address various dual consolidated loss
issues, including exceptions to the
general prohibition against using a dual
consolidated loss to reduce the taxable
income of any other member of the
affiliated group.
Estimated Total Annual Burden
Hours: 2,000.
OMB Control Number: 1545–2156.
Type of Review: Revision of a
currently approved collection.
PO 00000
Frm 00150
Fmt 4703
Sfmt 4703
60125
Title: Revenue Procedure 2010–13,
Disclosure of Activities Grouped under
Section 469.
Abstract: This revenue procedure
requires taxpayers to report to the
Internal Revenue Service their
groupings and regroupings of activities
and the addition of specific activities
within their existing groupings of
activities for purposes of section 469 of
the Internal Revenue Code and § 1.469–
4 of the Income Tax Regulations.
Estimated Total Annual Burden
Hours: 36,000.
OMB Control Number: 1545–2247.
Type of Review: Extension of a
currently approved collection.
Title: TD 9633—Limitations on
Duplication of Net Built-in Losses.
Abstract: These regulations will
provide guidance for applying 26 U.S.C.
362(e)(2), relating to the limitation on
transfer of built-in losses.
Estimated Total Annual Burden
Hours: 75,000.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016–20993 Filed 8–30–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
August 26, 2016.
The Department of the Treasury will
submit the following information
collection request 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 September 30, 2016 to be
assured of consideration.
ADDRESSES: Send comments regarding
the burden estimates, 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
8117, Washington, DC 20220, or email
at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission may be
obtained by emailing PRA@treasury.gov,
calling (202) 622–1295, or viewing the
E:\FR\FM\31AUN1.SGM
31AUN1
]]>Agencies
[Federal Register Volume 81, Number 169 (Wednesday, August 31, 2016)]
[Notices]
[Pages 60124-60125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-20993]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
August 26, 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 September 30, 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: 1545-0159.
Type of Review: Extension of a currently approved collection.
Title: Annual Return To Report Transactions With Foreign Trusts and
Receipt of Certain Foreign Gifts.
Form: Form 3520.
Abstract: U.S. persons (and executors of estates of U.S. decedents)
file this form to report: Certain transactions with foreign trusts;
ownership of foreign trusts under the rules of sections Internal
Revenue Code 671 through 679; and receipt of certain large gifts or
bequests from certain foreign persons.
Estimated Total Annual Burden Hours: 71,742.
OMB Control Number: 1545-0213.
Type of Review: Extension of a currently approved collection.
Title: Form 5578--Annual Certification of Racial Nondiscrimination
for a Private School Exempt From Federal Income Tax.
Form: Form 5578.
Abstract: Form 5578 may be used by organizations that operate tax-
exempt private schools to provide the Internal Revenue Service with the
annual certification of racial nondiscrimination required by Rev. Proc.
75-50.
Estimated Total Annual Burden Hours: 3,730.
OMB Control Number: 1545-0742.
Type of Review: Extension of a currently approved collection.
Title: EE-111-80 (TD 8019--Final) Public Inspection of Exempt
Organization Return.
Abstract: Section 6104(b) authorizes the Service to make available
to the public the returns required to be filed by exempt organizations.
The information requested in Treasury Reg. section 301.6104(b)-1(b)(4)
is necessary in order for the Service not to disclose confidential
business information furnished by businesses which contribute to exempt
black lung trusts.
[[Page 60125]]
Estimated Total Annual Burden Hours: 22.
OMB Control Number: 1545-0939.
Type of Review: Extension of a currently approved collection.
Title: Form 8404--Interest Charge on DISC-Related Deferred Tax
Liability.
Form: Form 8404.
Abstract: Shareholders of Interest Charge Domestic International
Sales Corporations (IC-DISCs) use Form 8404 to figure and report an
interest charge on their DISC-related deferred tax liability. The
interest charge is required by Internal Revenue Code section 995(f).
IRS uses the form to determine whether the shareholder has correctly
figured and paid the interest charge on a timely basis.
Estimated Total Annual Burden Hours: 15,580.
OMB Control Number: 1545-1452.
Type of Review: Extension of a currently approved collection.
Title: FI-43-94 (TD 8649--Final) Regulations Under Section 1258 of
the Internal Revenue Code of 1986; Netting Rule for Certain Conversion
Transactions.
Abstract: Section 1258 recharacterizes capital gains from
conversion transactions as ordinary income to the extent of the time
value element. This regulation provides that certain gains and losses
may be netted for purposes of determining the amount of gain
recharacterized.
Estimated Total Annual Burden Hours: 5,000.
OMB Control Number: 1545-1507.
Type of Review: Extension of a currently approved collection.
Title: Treatment of Shareholders of Certain Passive Investment
Companies.
Estimated Total Annual Burden Hours: 100,000.
OMB Control Number: 1545-1551.
Type of Review: Revision of a currently approved collection.
Title: Changes in Methods of Accounting (RP 2016-29).
Abstract: This revenue procedure (2016-29) provides the procedures
by which a taxpayer may obtain automatic consent for a change in method
of accounting described in the appendix of Revenue Procedure 2011-14.
Estimated Total Annual Burden Hours: 30,580.
OMB Control Number: 1545-1556.
Type of Review: Extension of a currently approved collection.
Title: TD 8786--Source of Income From Sales of Inventory Partly
From Sources Within a Possession of the U.S.; Also, Source of Income
Derived From Certain Purchases From a Corp. Electing Sec. 936.
Estimated Total Annual Burden Hours: 500.
OMB Control Number: 1545-1559.
Type of Review: Extension of a currently approved collection.
Title: Revenue Procedures 98-46 and 97-44, LIFO Conformity
Requirement.
Abstract: Rev. Proc. 98-46 extended the relief in Rev. Proc. 97-44
to medium and heavy truck dealers.
Estimated Total Annual Burden Hours: 100,000.
OMB Control Number: 1545-1704.
Type of Review: Revision of a currently approved collection.
Title: Change in Minimum Funding Method (Rev. Proc. 2016-XX).
Abstract: This revenue procedure provides a mechanism whereby a
plan sponsor or plan administrator may obtain a determination from the
Internal Revenue Service that its proposed change in the method of
funding its pension plan(s) meets the standards of sections 412 of the
Internal Revenue Code. This updates Rev. Proc. 2000-41 based on changes
in law primarily due to the Pension Protection Act of 2006.
Estimated Total Annual Burden Hours: 234.
OMB Control Number: 1545-1706.
Type of Review: Extension of a currently approved collection.
Title: TD 9315--Section 1503(d) Closing Agreement Requests.
Abstract: Revenue Procedure 2000-42 informs taxpayers of the
information they must submit to request a closing agreement under Reg.
S1.1503-2(g)(2)(iv)(B)(2)(i) to prevent the recapture of dual
consolidated losses (DCLs) upon the occurrence of certain triggering
events.
TD 9315 contains final regulations under section 1503(d) of the
Internal Revenue Code (Code) regarding dual consolidated losses.
Section 1503(d) generally provides that a dual consolidated loss of a
dual resident corporation cannot reduce the taxable income of any other
member of the affiliated group unless, to the extent provided in
regulations, the loss does not offset the income of any foreign
corporation. Similar rules apply to losses of separate units of
domestic corporations. These final regulations address various dual
consolidated loss issues, including exceptions to the general
prohibition against using a dual consolidated loss to reduce the
taxable income of any other member of the affiliated group.
Estimated Total Annual Burden Hours: 2,000.
OMB Control Number: 1545-2156.
Type of Review: Revision of a currently approved collection.
Title: Revenue Procedure 2010-13, Disclosure of Activities Grouped
under Section 469.
Abstract: This revenue procedure requires taxpayers to report to
the Internal Revenue Service their groupings and regroupings of
activities and the addition of specific activities within their
existing groupings of activities for purposes of section 469 of the
Internal Revenue Code and Sec. 1.469-4 of the Income Tax Regulations.
Estimated Total Annual Burden Hours: 36,000.
OMB Control Number: 1545-2247.
Type of Review: Extension of a currently approved collection.
Title: TD 9633--Limitations on Duplication of Net Built-in Losses.
Abstract: These regulations will provide guidance for applying 26
U.S.C. 362(e)(2), relating to the limitation on transfer of built-in
losses.
Estimated Total Annual Burden Hours: 75,000.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016-20993 Filed 8-30-16; 8:45 am]
BILLING CODE 4830-01-P
