Submission for OMB Review; Comment Request, 74868-74869 [2016-25934]

Agencies

• DEPARTMENT OF THE TREASURY

[Federal Register Volume 81, Number 208 (Thursday, October 27, 2016)]
[Notices]
[Pages 74868-74869]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-25934]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

October 21, 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 November 28, 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,

[[Page 74869]]

1750 Pennsylvania Ave. NW., Suite 8142, 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) 622-0934, or 
viewing the entire information collection request at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Control Number: 1545-0231.
    Type of Review: Revision of a currently approved collection.
    Title: Biofuel Producer Credit.
    Form: 6478.
    Abstract: Form 6478 is used to figure a taxpayer's section 40 
biofuel producer credit. Taxpayers may claim the credit for the tax 
year in which the sale or use occurs. This credit consists of the 
second generation biofuel producer credit.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 13,233.

    OMB Control Number: 1545-0956.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Annual Return of One-Participant (Owners and Their Spouses) 
Retirement Plan.
    Form: 5500-EZ.
    Abstract: Form 5500-EZ is an annual return filed by a one-
participant or one-participant and spouse pension plan. The IRS uses 
this data to determine if the plan appears to be operating properly as 
required under the law or whether the plan should be audited.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 7,005,000.

    OMB Control Number: 1545-0962.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Tax Information Security Guidelines for Federal, State, and 
Local Agencies.
    Abstract: Internal Revenue Code (IRC) section 6103(p) requires that 
IRS provide periodic reports to Congress describing safeguard 
procedures, utilized by agencies which receive information from the 
IRS, to protect the confidentiality of the information. This section 
also requires that these agencies furnish reports to the IRS describing 
their safeguards.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Annual Burden Hours: 204,000.

    OMB Control Number: 1545-1093.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Final Minimum Tax-Tax Benefit Rule (TD 8416).
    Abstract: Section 58(h) of the 1954 Internal Revenue Code provides 
that the Secretary shall provide for adjusting tax preference items 
where such items provided no tax benefit for any taxable year. This 
regulation provides guidance for situations where tax preference items 
provided no tax benefit because of available credits and describes how 
to claim a credit or refund of minimum tax paid on such preferences.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 40.

    OMB Control Number: 1545-1271.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Treatment of transfers of stock or securities to foreign 
corporations.
    Abstract: A U.S. person must generally file a gain recognition 
agreement with the IRS in order to defer gain on a section 367(a) 
transfer of stock to a foreign corporation, and must file a notice with 
the Service if it realizes any income in a section 367(b) exchange. 
These requirements ensure compliance with the respective Code sections.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,390.

    OMB Control Number: 1545-1580.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Compensation Deferred Under Eligible Deferred Compensation 
Plans (TD 9075).
    Abstract: Final regulation provides guidance regarding the trust 
requirements for certain eligible deferred compensation plans enacted 
in the Small Business Job Protection Act of 1996.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Annual Burden Hours: 10,600.

    OMB Control Number: 1545-1693.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Political Organization Notice of Section 527 Status.
    Form: 8871, 8453-X .
    Abstract: Political organizations must use Form 8871 to notify the 
IRS that the organization is to be treated as a tax-exempt section 527 
organization. The IRS is required to make publicly available on the 
Internet and at its offices a list of the organizations that file Form 
8871 (including the organization's mailing address, email address, 
custodian of records, and contact person as shown on Form 8871). 
Political organizations must also use Form 8871 to notify the IRS of 
any material change in the information reported on a previously filed 
Form 8871. Form 8453-X must be submitted when electronically submitting 
Form 8871.
    Affected Public: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 35,195.

    OMB Control Number: 1545-1823.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: e-Services Registration TIN Matching--Application and 
Screens for TIN Matching Interactive/e-Services Products.
    Form: 13350.
    Abstract: E-services is a system which permits the IRS to 
electronically communicate with third party users to support electronic 
filing and resolve tax administration issues for practitioners, payers, 
states, and Department of Education Contractors. Registration is 
required to authenticate users that plan to access e-services products. 
This system is a necessary outgrowth of advanced information and 
communication technologies. TIN Matching is one of the products 
available through e-Services offered via the internet and accessible 
through the irs.gov Web site.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 3,670,000.

    OMB Control Number: 1545-1981.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Alternative Fuel Vehicle Refueling Property Credit.
    Form: 8911.
    Abstract: IRC section 30C allows a credit for alternative fuel 
vehicle refueling property. Form 8911, Alternative Fuel Vehicle 
Refueling Property Credit, will be used by taxpayers to claim the 
credit.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 3,420,759.

Bob Faber,
Acting Treasury PRA Clearance Officer.
[FR Doc. 2016-25934 Filed 10-26-16; 8:45 am]
 BILLING CODE 4830-01-P