Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests, 22387-22388 [2017-09761]
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Federal Register / Vol. 82, No. 92 / Monday, May 15, 2017 / Notices
recapture of overall domestic losses that
was enacted as part of the American
Jobs Creation Act of 2004 (AJCA). In
addition, the regulation provides
updated guidance with respect to
overall foreign losses and separate
limitation losses, and affect individuals
and corporations claiming foreign tax
credits, as updated. T.D. 9595
supersedes T.D. 9371 and T.D. 8833.
Current Actions: There are no changes
to the existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
2,000.
Estimated Average Time per
Respondent: 1 hr., 30 min.
Estimated Total Annual Burden
Hours: 3,000.
3. Title: Biodiesel and Aviation-Grade
Kerosene.
OMB Number: 1545–1915.
Notice Number: Notice 2005–4.
Abstract: Notice 2005–04 provides
guidance on certain excise tax Code
provisions that were added or effected
by the American Jobs Creation Act of
2004. The information will be used by
the IRS to verify that the proper amount
of tax is reported, excluded, refunded,
or credited. This notice is modified and
expanded by Notices 2005–24, 2005–62,
and 2005–80.
Current Actions: There are no changes
being made to the notice at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, not-for-profit
institutions, farms, Federal, state, local
or tribal governments.
Estimated Number of Responses:
157,963.
Estimated Time per Respondent: .48
hours.
Estimated Total Annual Burden
Hours: 76,190.
4. Title: Demonstration Automobile
Use.
OMB Number: 1545–1756.
Revenue Procedure Number: Revenue
Procedure 2001–56.
Abstract: Revenue Procedure 2001–56
provides optional simplified methods
for determining the value of the use of
demonstration automobiles provided to
employees by automobile dealerships.
Current Actions: There are no changes
being made to this revenue procedure at
this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
20,000.
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Estimated Time per Respondent: 5
hours.
Estimated Total Annual Burden
Hours: 100,000.
5. Title: Limited Payability Claim
Against the United States For Proceeds
of An Internal Revenue Refund Check.
OMB Number: 1545–2024.
Form Number: Form-13818.
Abstract: This form is used by
taxpayers for completing a claim against
the United States for the proceeds of an
Internal Revenue refund check.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, Businesses and other forprofit organizations.
Estimated Number of Respondents:
4,000.
Estimated Time per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 4,000.
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.
Approved: May 8, 2017.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2017–09765 Filed 5–12–17; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
IRS Information Collection Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection request(s) to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
SUMMARY:
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22387
public is invited to submit comments on
the collection(s) listed below.
DATES: Comments should be received on
or before June 14, 2017 to be assured of
consideration.
ADDRESSES: Send comments regarding
the burden estimate, 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 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) 622–0489, or viewing the
entire information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: TD 8586 (Final) Treatment of
Gain From Disposition of Certain
Natural Resource Recapture Property.
OMB Control Number: 1545–1352.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: This regulation prescribes
rules for determining the tax treatment
of gain from the disposition of natural
resource recapture property in
accordance with Internal Revenue Code
section 1254. Gain is treated as ordinary
income in an amount equal to the
intangible drilling and development
costs and depletion deductions taken
with respect to the property. The
information that taxpayers are required
to retain will be used by the IRS to
determine whether a taxpayer has
properly characterized gain on the
disposition of section 1254 property.
Form: TD 8586.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 2,000.
Title: REG–209619–93 (Final—TD
9249) Escrow Funds and Other Similar
Funds.
OMB Control Number: 1545–1631.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Section 468B(g) requires
that income earned on escrow accounts,
settlement funds, and similar funds be
subject to current taxation. This section
authorizes the Secretary to issue
regulations providing for the current
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Federal Register / Vol. 82, No. 92 / Monday, May 15, 2017 / Notices
jstallworth on DSK7TPTVN1PROD with NOTICES
taxation of these accounts and funds as
grantor trusts or otherwise. The
regulations would amend the final
regulations for qualified settlement
funds (QFSs) and would provide new
rules for qualified escrows and qualified
trusts used in deferred section 1031
exchanges; pre-closing escrows;
contingent at-closing escrows; and
disputed ownership funds.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 3,720.
Title: Form 13094—Recommendation
for Juvenile Employment with the
Internal Revenue Service.
OMB Control Number: 1545–1746.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The data collected on the
form provides the Internal Revenue
Service with a consistent method for
making suitability determination on
juveniles for employment within the
Service. Form: 13094.
Affected Public: Individuals or
Households.
VerDate Sep<11>2014
13:51 May 12, 2017
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Estimated Total Annual Burden
Hours: 208.
Title: TD 9168—Optional 10-Year
Write-off of Certain Tax Preferences
(REG–124405–03).
OMB Control Number: 1545–1903.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Internal Revenue Code
§ 59(e) contains final regulations
relating to the optional 10- year write off
of certain tax preference items under
section 59(e) of the Internal Revenue
Code (Code). The final regulations affect
taxpayers who utilize section 59(e) for
the optional 10-year write off of certain
tax preferences. These final regulations
provide guidance on the time and
manner of making an election under
section 59(e). The regulations also
provide guidance on revoking an
election under section 59(e). The
regulations reflect changes to the law
made by the Tax Reform Act of 1986,
the Technical and Miscellaneous
Revenue Act of 1988, and the Omnibus
Budget Reconciliation Act of 1989.
Form: None.
Affected Public: Individuals or
Households.
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Estimated Total Annual Burden
Hours: 10,000.
Title: TD 9289 (Final) Treatment of
Disregarded Entities Under Section 752.
OMB Control Number: 1545–1905.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Generally, the final
regulations recognize that only the
assets of a disregarded entity that limits
its member’s liability are available to
satisfy creditors’ claims under local law.
The regulations provide rules under
section 752 for taking into account the
net value of a disregarded entity owned
by a partner or related person for
purposes of allocating, partnership
liabilities.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 3,000.
Authority: 44 U.S.C. 3501 et seq.
Dated: May 10, 2017.
Jennifer P. Leonard,
Treasury PRA Clearance Officer.
[FR Doc. 2017–09761 Filed 5–12–17; 8:45 am]
BILLING CODE 4830–01–P
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Agencies
[Federal Register Volume 82, Number 92 (Monday, May 15, 2017)]
[Notices]
[Pages 22387-22388]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-09761]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple IRS Information Collection Requests
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury will submit the following
information collection request(s) to the Office of Management and
Budget (OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The public is invited to submit comments on the collection(s)
listed below.
DATES: Comments should be received on or before June 14, 2017 to be
assured of consideration.
ADDRESSES: Send comments regarding the burden estimate, 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 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) 622-0489, or
viewing the entire information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: TD 8586 (Final) Treatment of Gain From Disposition of
Certain Natural Resource Recapture Property.
OMB Control Number: 1545-1352.
Type of Review: Extension without change of a currently approved
collection.
Abstract: This regulation prescribes rules for determining the tax
treatment of gain from the disposition of natural resource recapture
property in accordance with Internal Revenue Code section 1254. Gain is
treated as ordinary income in an amount equal to the intangible
drilling and development costs and depletion deductions taken with
respect to the property. The information that taxpayers are required to
retain will be used by the IRS to determine whether a taxpayer has
properly characterized gain on the disposition of section 1254
property.
Form: TD 8586.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 2,000.
Title: REG-209619-93 (Final--TD 9249) Escrow Funds and Other
Similar Funds.
OMB Control Number: 1545-1631.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Section 468B(g) requires that income earned on escrow
accounts, settlement funds, and similar funds be subject to current
taxation. This section authorizes the Secretary to issue regulations
providing for the current
[[Page 22388]]
taxation of these accounts and funds as grantor trusts or otherwise.
The regulations would amend the final regulations for qualified
settlement funds (QFSs) and would provide new rules for qualified
escrows and qualified trusts used in deferred section 1031 exchanges;
pre-closing escrows; contingent at-closing escrows; and disputed
ownership funds.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 3,720.
Title: Form 13094--Recommendation for Juvenile Employment with the
Internal Revenue Service.
OMB Control Number: 1545-1746.
Type of Review: Extension without change of a currently approved
collection.
Abstract: The data collected on the form provides the Internal
Revenue Service with a consistent method for making suitability
determination on juveniles for employment within the Service. Form:
13094.
Affected Public: Individuals or Households.
Estimated Total Annual Burden Hours: 208.
Title: TD 9168--Optional 10-Year Write-off of Certain Tax
Preferences (REG-124405-03).
OMB Control Number: 1545-1903.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Internal Revenue Code Sec. 59(e) contains final
regulations relating to the optional 10- year write off of certain tax
preference items under section 59(e) of the Internal Revenue Code
(Code). The final regulations affect taxpayers who utilize section
59(e) for the optional 10-year write off of certain tax preferences.
These final regulations provide guidance on the time and manner of
making an election under section 59(e). The regulations also provide
guidance on revoking an election under section 59(e). The regulations
reflect changes to the law made by the Tax Reform Act of 1986, the
Technical and Miscellaneous Revenue Act of 1988, and the Omnibus Budget
Reconciliation Act of 1989.
Form: None.
Affected Public: Individuals or Households.
Estimated Total Annual Burden Hours: 10,000.
Title: TD 9289 (Final) Treatment of Disregarded Entities Under
Section 752.
OMB Control Number: 1545-1905.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Generally, the final regulations recognize that only the
assets of a disregarded entity that limits its member's liability are
available to satisfy creditors' claims under local law. The regulations
provide rules under section 752 for taking into account the net value
of a disregarded entity owned by a partner or related person for
purposes of allocating, partnership liabilities.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 3,000.
Authority: 44 U.S.C. 3501 et seq.
Dated: May 10, 2017.
Jennifer P. Leonard,
Treasury PRA Clearance Officer.
[FR Doc. 2017-09761 Filed 5-12-17; 8:45 am]
BILLING CODE 4830-01-P