Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests, 61368-61370 [2017-27828]

Agencies

• DEPARTMENT OF THE TREASURY

[Federal Register Volume 82, Number 247 (Wednesday, December 27, 2017)]
[Notices]
[Pages 61368-61370]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-27828]


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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.

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SUMMARY: 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, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before January 26, 2018 to be 
assured of consideration.

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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 [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8142, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Jennifer Quintana by emailing [email protected], calling 
(202) 622-0489, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS)

    Title: Acquisition or Abandonment of Secured Property.
    OMB Control Number: 1545-0877.
    Type of Review: Revision of a currently approved collection.
    Abstract: Form 1099-A is used by persons who lend money in 
connection with a trade or business, and who acquire an interest in the 
property that is security for the loan or who have reason to know that 
the property has been abandoned, to report the acquisition or 
abandonment.
    Form: 1099-A.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 90,080.

    Title: T.D. 9047--Certain Transfers of Property to Regulated 
Investment Companies (RICs) and Real Estate Investment Trusts (REITs).
    OMB Control Number: 1545-1672.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This document contains final regulations that apply to 
certain transactions or events that result in a Regulated Investment 
Company (RIC) or a Real Estate Investment Trust (REIT) owning property 
that has a basis determined by reference to a C corporation's basis in 
the property. These regulations affect RICs, REITs, and C corporations 
and clarify the tax treatment of transfers of C corporation property to 
a RIC or REIT.
    Forms: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 70.

    Title: Rev Proc 2017-41 modifying Revenue Procedure 2015-36 Master 
and Prototype and Volume Submitter Plans (previously Rev. Proc. 2011-49 
& 2005-16).
    OMB Control Number: 1545-1674.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The issuance of an opinion letter for a pre-approved plan 
by the Employee Plans function of the Tax Exempt and Government 
Entities Division approves a plan as to form. Typically, once a plan is 
submitted for an opinion letter the entity that submits the plan (the 
``provider'') will begin marketing the plan for its adoption by various 
employers. The issuance of the opinion letter allows the provider to 
make retroactive changes to the form of the plan to conform to recent 
changes in statutory requirements. Form 4461, Form 4461-A, and Form 
4461-B are used by providers to apply for approval of their employee 
benefit plans under section 401(a).
    Forms: 4461, 4461-A, 4461-B.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,108,225.

    Title: TD 9472 (Final)--Notice Requirements for Certain Pension 
Plan Amendments Significantly Reducing the Rate of Future Benefit 
Accrual.
    OMB Control Number: 1545-1780.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Regulations provide guidance relating to the application 
of the section 204(h) notice requirements to a pension plan amendment 
that is permitted to reduce benefits accrued before the plan 
amendment's applicable amendment date and reflect certain amendments 
made to the section 204(h) notice requirements by the Pension 
Protection Act of 2006. These final regulations generally affect 
sponsors, administrators, participants, and beneficiaries of pension 
plans.
    Forms: 4461, 4461-A, 4461-B.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 40,000.

    Title: Suspension or Reduction of Safe Harbor Contributions.
    OMB Control Number: 1545-2191.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This rule relates to certain cash or deferred 
arrangements under section 401(k) and matching contributions and 
employee contributions under section 401(m). The collection of 
information relates to the new supplemental notice requirements in the 
case of a reduction or suspension of safe harbor non-elective or 
matching contributions and the requirement to include additional 
information in the notice for certain plans that would be permitted to 
reduce or suspend safe harbor non-elective or matching contributions 
for a plan year even if the employer had not experienced a business 
hardship.
    Forms: None.
    Affected Public: Businesses or other for-profits, Not-for-profit 
institutions.
    Estimated Total Annual Burden Hours: 10,000.

    Title: Health Insurance Premium Tax Credit.
    OMB Control Number: 1545-2232.
    Type of Review: Revision of a currently approved collection.
    Abstract: This document covers regulations previously approved 
under 26 CFR 1.36B-5 which relate to the health insurance premium 
assistance credit enacted by the Patient Protection and Affordable Care 
Act (PPACA). The regulations provide guidance to individuals who claim 
the premium assistance credit and exchanges that make qualified health 
plans available to individuals and employers. The IRS developed Form 
1095-A under the authority of ICR section 36B(f)(3) for individuals to 
compute the amount of premium tax credit and file an accurate tax 
return.
    Form: 1095-A.
    Affected Public: Businesses or other for-profits, Not-for-profit 
institutions.
    Estimated Total Annual Burden Hours: 16,250.

    Title: Form 8976, Notice of Intent to Operate Under Section 
501(c)(4).
    OMB Control Number: 1545-2268.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This collection of information satisfies the statutory 
mandate in section 506. This information will be used by IRS to process 
the submitted notification form for completeness and to determine 
applicability of the penalties for failure to timely submit the 
notification imposed by section 6652(c)(4) of the Code.
    Form: 8976.
    Affected Public: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 1,875.

    Authority: 44 U.S.C. 3501 et seq.


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    Dated: December 19, 2017.
Spencer Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2017-27828 Filed 12-26-17; 8:45 am]
 BILLING CODE 4830-01-P