Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests, 13178-13180 [2018-06060]
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13178
Federal Register / Vol. 83, No. 59 / Tuesday, March 27, 2018 / Notices
instituting proceedings to allow for
additional analysis, and input from,
commenters with respect to the
Proposed Rule Change’s consistency
with the Act and the rules thereunder,
including the following:
• Section 17A(b)(3)(F) of the Act,23
which requires, in part, that the rules of
a clearing agency be designed to
promote the prompt and accurate
clearnance and settlement of securities
transactions, assure the safeguarding of
securities and funds which are in the
custody or control of the clearing agency
or for which it is responsible, and, in
general, to protect investors and the
public interest; and
• Rule 17Ad–22(e)(3)(ii) of the Act,24
which requires a covered clearing
agency to establish, implement,
maintain and enforce written policies
and procedures reasonably designed to
plan for the recovery and orderly winddown of the covered clearing agency
necessitated by credit losses, liquidity
shortfalls, losses from general business
risk, or any other losses.
IV. Request for Written Comments
The Commission requests that
interested persons provide written
submissions of their views, data, and
arguments with respect to the Proposed
Rule Change with respect to the issues
identified above, as well as any other
concerns they may have with the
Proposed Rule Change. In particular, the
Commission invites the written views of
interested persons concerning whether
the Proposed Rule Change is consistent
with Section 17A(b)(3)(F) and Rule
17Ad–22(e)(3)(ii) under the Act, cited
above, or any other provision of the Act,
rules, and regulations thereunder.
Although there do not appear to be
any issues relevant to approval or
disapproval that would be facilitated by
an oral presentation of views, data, and
arguments, the Commission will
consider, pursuant to Rule 19b–4, any
request for an opportunity to make an
oral presentation.25
Interested persons are invited to
submit written data, views, and
arguments regarding whether the
Proposed Rule Change should be
approved or disapproved by April 17,
23 15
U.S.C. 78q–1(b)(3)(F).
CFR 17Ad–22(e)(3)(ii).
25 Section 19(b)(2) of the Act, as amended by the
Securities Acts Amendments of 1975, Public Law
94–29, 89 Stat. 97 (1975), grants the Commission
flexibility to determine what type of proceeding—
either oral or notice and opportunity for written
comments—is appropriate for consideration of a
particular proposal by a self-regulatory
organization. See Securities Acts Amendments of
1975, Report of the Senate Committee on Banking,
Housing and Urban Affairs to Accompany S. 249,
S. Rep. No. 75, 94th Cong., 1st Sess. 30 (1975).
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2018. Any person who wishes to file a
rebuttal to any other person’s
submission must file that rebuttal by
May 1, 2018.
Comments may be submitted by any
of the following methods:
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File No. SR–
OCC–2017–020 on the subject line.
Paper Comments
All submissions should refer to File No.
SR–OCC–2017–020. This file number
should be included on the subject line
if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the Proposed Rule
Change that are filed with the
Commission, and all written
communications relating to the
Proposed Rule Change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549, on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such
filing also will be available for
inspection and copying at the principal
office of OCC and on OCC’s website at
https://www.theocc.com/about/
publications/bylaws.jsp.
All comments received will be posted
without change. Persons submitting
comments are cautioned that we do not
redact or edit personal identifying
information from comment submissions.
You should submit only information
that you wish to make available
publicly.
All submissions should refer to File
No. SR–OCC–2017–021 and should be
submitted on or before April 17, 2018.
If comments are received, any rebuttal
comments should be submitted on or
before May 1, 2018.
Fmt 4703
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:
• Send paper comments in triplicate
to Brent J. Fields, Secretary, Securities
and Exchange Commission, 100 F Street
NE, Washington, DC 20549–1090.
Frm 00060
[FR Doc. 2018–06106 Filed 3–26–18; 8:45 am]
BILLING CODE 8011–01–P
Electronic Comments
PO 00000
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.26
Eduardo A. Aleman,
Assistant Secretary.
Sfmt 4703
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 April 26, 2018 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 from Jennifer Quintana by
emailing PRA@treasury.gov, calling
(202) 622–0489, or viewing the entire
information collection request at
www.reginfo.gov.
SUMMARY:
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
1. Title: Mortgage Credit Certificates
(MCCs).
OMB Control Number: 1545–0922.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Mortgage Credit Certificates
provide qualified holders of the
certificates with a credit against income
26 17
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CFR 200.30–3(a)(12).
27MRN1
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Federal Register / Vol. 83, No. 59 / Tuesday, March 27, 2018 / Notices
tax liability. In general, an Issuer elects
to establish a mortgage credit certificate
program in lieu of issuing qualified
mortgage revenue bonds. Section 25 of
the Code permits states and political
subdivisions to elect to issue Mortgage
Credit Certificates in lieu of qualified
mortgage revenue bonds. Form 8329 is
used by lending institutions and Form
8330 is used by state and local
governments to report on mortgage
credit certificates (MCCs) authorized
under IRC Section 25. IRS matches the
information supplied by lenders and
issuers to ensure that the credit is
computed properly.
Form: 8329, 8330.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 73,720.
2. Title: TD 9099—Disclosure of
Relative Values of Optional Forms of
Benefit.
OMB Control Number: 1545–0928.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: This document contains
previously approved final regulations
that consolidate the content
requirements applicable to explanations
of qualified joint and survivor annuities
and qualified preretirement survivor
annuities payable under certain
retirement plans, and specify
requirements for disclosing the relative
value of optional forms of benefit that
are payable from certain retirement
plans in lieu of a qualified joint and
survivor annuity. These regulations
affect plan sponsors and administrators,
and participants in and beneficiaries of,
certain retirement plans.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 385,000.
3. Title: Form 8609, Low-Income
Housing Credit Allocation Certification;
Form 8609–A, Annual Statement for
Low-Income Housing Credit.
OMB Control Number: 1545–0988.
Type of Review: Revision of a
currently approved collection.
Abstract: Owners of residential lowincome rental buildings may claim a
low-income housing credit for each
qualified building over a 10-year credit
period. Form 8609 can be used to obtain
a housing credit allocation from the
housing credit agency. Form 8609, along
with Form 8609–A, is used by the
owner to certify necessary information
required by the law. The private sector
and government agencies, such as
housing credit agencies, are affected
groups.
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18:07 Mar 26, 2018
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Form: 8609, 8609–A.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 414,915.
4. Title: TD 8302—Low-Income
Housing Credit for Federally-assisted
Buildings.
OMB Control Number: 1545–1005.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: These previously approved
final regulations are for the rule requires
the taxpayer (low-income building
owner) to seek a waiver in writing from
the IRS concerning low-income
buildings acquired during a special 10year period in order to avert a claim
against a Federal mortgage insurance
fund.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 3,000.
5. Title: Adjustments to Basis of Stock
and Indebtedness to Shareholders of S
Corporations and Treatment of
Distributions by S Corporations to
Shareholders (TD 9300) and Open
Account Debt (TD 9428).
OMB Control Number: 1545–1139.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: These previously approved
regulations provide the procedures and
the statements to be filed by S
corporations for making the election
provided under section 1368, and by
shareholders who choose to reorder
items that decrease their basis.
Statements required to be filled will be
used to verify that taxpayers are
complying with the requirements
imposed by Congress.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 450.
6. Title: CO–25–96 (TD 8824l)
Limitations on Net Operating Loss
Carryforwards and Certain Built-in
Losses and Credits.
OMB Control Number: 1545–1218.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Section 1502 provides for
the promulgation of previously
approved regulations with respect to
corporations that file consolidated
income tax returns. Section 382 limits
the amount of income that can be offset
by loss carryovers and credits after an
ownership change. These final
PO 00000
Frm 00061
Fmt 4703
Sfmt 4703
13179
regulations provide rules for applying
section 382 to groups of corporations
that file a consolidated return.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 662.
7. Title: Limitations on net operating
loss carryforwards and certain built-in
losses following ownership change.
OMB Control Number: 1545–1275.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: 26 U.S.C. 382 limits the
amount of the taxable income of any
new loss corporation for any postchange year which may be offset by prechange losses, for each such year. 26
CFR 1.382–9(d)(2)(iii) and (d)(4)(iv)
allow a loss corporation to rely on a
statement by beneficial owners of
indebtedness in determining whether
the loss corporation qualifies under
section 382(l)(1)(5). Section 1.382–
9(d)(6)(ii) requires a loss corporation to
file an election if it wants to apply the
regulations retroactively, or revoke a
prior section 382(l)(1)(6) election.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 200.
8. Title: Methods to Determine
Taxable Income in connection with a
Cost Sharing Arrangement—IRC Section
482.
OMB Control Number: 1545–1364.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The purpose of Internal
Revenue Code (IRC) section 482 is to
ensure taxpayers clearly reflect income
attributable to controlled transactions
and to prevent avoidance of taxes
regarding such transactions. IRC section
482 places a controlled taxpayer on tax
parity with an uncontrolled taxpayer by
determining true taxable income.
Previously approved, TD 9568 (76 FR
80082) published December 22, 2011,
contained final regulations regarding
methods to determine taxable income in
connection with a cost sharing
arrangement under section 482 of the
Internal Revenue Code. The final
regulations address issues that had
arisen in administering the cost sharing
regulations. The final regulations affect
domestic and foreign entities that enter
into cost sharing arrangements
described in the final regulations.
Form: None.
Affected Public: Businesses or other
for-profits.
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Federal Register / Vol. 83, No. 59 / Tuesday, March 27, 2018 / Notices
Estimated Total Annual Burden
Hours: 9,350.
9. Title: T.D. 8537—Carryover of
Passive Activity Losses and Credits and
At Risk Losses to Bankruptcy Estates of
Individuals.
OMB Control Number: 1545–1375.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: This document contains
previously approved final regulations
relating to the application of carryover
of passive activity losses and credits and
at risk losses to the bankruptcy estates
of individuals. The final regulations
affect individual taxpayers who file
bankruptcy petitions under chapter 7 or
chapter 11 of title 11 of the United
States Code and have passive activity
losses and credits under section 469 or
losses under section 465.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 100.
10. Title: EE–14–81 Deductions and
Reductions in Earnings and Profits (or
Accumulated Profits) With Respect to
Certain Foreign Deferred Compensation
Plans Maintained by Certain Foreign
Corporations.
OMB Control Number: 1545–1393.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The previously approved
regulation provides guidance regarding
the limitations on deductions and
adjustments to earnings and profits (or
accumulated profits) for certain foreign
deferred compensation plans.
Respondents will be multinational
corporations.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 634,450.
11. Title: TD 9199—Diesel Fuel and
Kerosene Excise Tax; Dye Injection.
OMB Control Number: 1545–1418.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The previously approved
regulations relate to the diesel fuel and
kerosene excise tax and reflect changes
made by the American Jobs Creation Act
of 2004 (Act) regarding mechanical dye
injection systems. Under the Act, diesel
fuel and kerosene that are to be used in
a nontaxable use must be indelibly dyed
by use of a mechanical dye injection
system that satisfies the requirements
set forth in the regulations. However,
Notice 2005–80 lifted the requirement
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18:07 Mar 26, 2018
Jkt 244001
for mechanical injection and because of
this there is currently no requirement in
the regulations for pre-approval by the
IRS to inject dye into exempt fuel. The
statutory requirement remains codified
until such time they are finalized or
removed. The burden has been adjusted
accordingly.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 1.
12. Title: TD 8706 Electronic Filing of
Form W–4.
OMB Control Number: 1545–1435.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: This document contains
previously approved final regulations
relating to Form W–4, Employee’s
Withholding Allowance Certificate. The
final regulations authorize employers to
establish electronic systems for use by
employees in filing their Forms W–4.
The regulations provide employers and
employees with guidance necessary to
comply with the law. The regulations
affect employers that establish
electronic systems and their employees.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 40,000.
13. Title: TD 8881—General Revision
of Regulations Relating to Withholding
of Tax on Certain U.S. Source Income
Paid to Foreign Persons.
OMB Control Number: 1545–1484.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: This document contains
previously approved regulations relating
to the withholding of income tax under
sections 1441, 1442, and 1443 on certain
U.S. source income paid to foreign
persons and related requirements
governing collection, deposit, refunds,
and credits of withheld amounts under
sections 1461 through 1463. These
regulations affect persons making
payments of U.S. source income to
foreign persons.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Total Annual Burden
Hours: 1.
14. Title: Government Service
Information.
OMB Control Number: 1545–1919.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: Form 12854 is used to
identify applicants who have had prior
PO 00000
Frm 00062
Fmt 4703
Sfmt 4703
government service in order to request
the official personnel folder from federal
records and to identify possible paysetting issues.
Form: 12854.
Affected Public: Individuals and
households.
Estimated Total Annual Burden
Hours: 6,203.
Authority: 44 U.S.C. 3501 et seq.
Dated: March 21, 2018.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2018–06060 Filed 3–26–18; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900—NEW]
Agency Information Collection
Submission for OMB Emergency
Review: Request for Restoration of
Educational Assistance
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Emergency clearance notice and
request for comments.
AGENCY:
The Veterans Benefits
Administration (VBA), Department of
Veterans Affairs (VA), submitted a
request to the Office of Management and
Budget (OMB) for emergency clearance
and review of VA Form 22–0989,
Request for Restoration of Educational
Assistance, 2900—NEW. Under the
Paperwork Reduction Act (PRA) of
1995, VA is soliciting comments for this
collection.
DATES: Comments on this proposal for
emergency review should be received
within April 26, 2018. VA is requesting
OMB to take action within 30 calendar
days from the close of this Federal
Register Notice on the request for
emergency review. This process is
conducted in accordance with 5 CFR
1320.1.
SUMMARY:
Interested persons are
invited to submit written comments on
the proposed collection of information
to the Office of Information and
Regulatory Affairs, Office of
Management and Budget, 725 17th
Street NW, Washington, DC 20503,
Attention: Desk Officer for the
Department of Veterans Affairs, or sent
via electronic mail to oira_submission@
omb.eop.gov. To obtain a copy of
associated documents for this
information collection, access
Reginfo.gov. Please refer to ‘‘OMB
ADDRESSES:
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]]>Agencies
[Federal Register Volume 83, Number 59 (Tuesday, March 27, 2018)]
[Notices]
[Pages 13178-13180]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-06060]
=======================================================================
-----------------------------------------------------------------------
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 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 April 26, 2018 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 [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)
1. Title: Mortgage Credit Certificates (MCCs).
OMB Control Number: 1545-0922.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Mortgage Credit Certificates provide qualified holders of
the certificates with a credit against income
[[Page 13179]]
tax liability. In general, an Issuer elects to establish a mortgage
credit certificate program in lieu of issuing qualified mortgage
revenue bonds. Section 25 of the Code permits states and political
subdivisions to elect to issue Mortgage Credit Certificates in lieu of
qualified mortgage revenue bonds. Form 8329 is used by lending
institutions and Form 8330 is used by state and local governments to
report on mortgage credit certificates (MCCs) authorized under IRC
Section 25. IRS matches the information supplied by lenders and issuers
to ensure that the credit is computed properly.
Form: 8329, 8330.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 73,720.
2. Title: TD 9099--Disclosure of Relative Values of Optional Forms
of Benefit.
OMB Control Number: 1545-0928.
Type of Review: Extension without change of a currently approved
collection.
Abstract: This document contains previously approved final
regulations that consolidate the content requirements applicable to
explanations of qualified joint and survivor annuities and qualified
preretirement survivor annuities payable under certain retirement
plans, and specify requirements for disclosing the relative value of
optional forms of benefit that are payable from certain retirement
plans in lieu of a qualified joint and survivor annuity. These
regulations affect plan sponsors and administrators, and participants
in and beneficiaries of, certain retirement plans.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 385,000.
3. Title: Form 8609, Low-Income Housing Credit Allocation
Certification; Form 8609-A, Annual Statement for Low-Income Housing
Credit.
OMB Control Number: 1545-0988.
Type of Review: Revision of a currently approved collection.
Abstract: Owners of residential low-income rental buildings may
claim a low-income housing credit for each qualified building over a
10-year credit period. Form 8609 can be used to obtain a housing credit
allocation from the housing credit agency. Form 8609, along with Form
8609-A, is used by the owner to certify necessary information required
by the law. The private sector and government agencies, such as housing
credit agencies, are affected groups.
Form: 8609, 8609-A.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 414,915.
4. Title: TD 8302--Low-Income Housing Credit for Federally-assisted
Buildings.
OMB Control Number: 1545-1005.
Type of Review: Extension without change of a currently approved
collection.
Abstract: These previously approved final regulations are for the
rule requires the taxpayer (low-income building owner) to seek a waiver
in writing from the IRS concerning low-income buildings acquired during
a special 10-year period in order to avert a claim against a Federal
mortgage insurance fund.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 3,000.
5. Title: Adjustments to Basis of Stock and Indebtedness to
Shareholders of S Corporations and Treatment of Distributions by S
Corporations to Shareholders (TD 9300) and Open Account Debt (TD 9428).
OMB Control Number: 1545-1139.
Type of Review: Extension without change of a currently approved
collection.
Abstract: These previously approved regulations provide the
procedures and the statements to be filed by S corporations for making
the election provided under section 1368, and by shareholders who
choose to reorder items that decrease their basis. Statements required
to be filled will be used to verify that taxpayers are complying with
the requirements imposed by Congress.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 450.
6. Title: CO-25-96 (TD 8824l) Limitations on Net Operating Loss
Carryforwards and Certain Built-in Losses and Credits.
OMB Control Number: 1545-1218.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Section 1502 provides for the promulgation of previously
approved regulations with respect to corporations that file
consolidated income tax returns. Section 382 limits the amount of
income that can be offset by loss carryovers and credits after an
ownership change. These final regulations provide rules for applying
section 382 to groups of corporations that file a consolidated return.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 662.
7. Title: Limitations on net operating loss carryforwards and
certain built-in losses following ownership change.
OMB Control Number: 1545-1275.
Type of Review: Extension without change of a currently approved
collection.
Abstract: 26 U.S.C. 382 limits the amount of the taxable income of
any new loss corporation for any post-change year which may be offset
by pre-change losses, for each such year. 26 CFR 1.382-9(d)(2)(iii) and
(d)(4)(iv) allow a loss corporation to rely on a statement by
beneficial owners of indebtedness in determining whether the loss
corporation qualifies under section 382(l)(1)(5). Section 1.382-
9(d)(6)(ii) requires a loss corporation to file an election if it wants
to apply the regulations retroactively, or revoke a prior section
382(l)(1)(6) election.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 200.
8. Title: Methods to Determine Taxable Income in connection with a
Cost Sharing Arrangement--IRC Section 482.
OMB Control Number: 1545-1364.
Type of Review: Extension without change of a currently approved
collection.
Abstract: The purpose of Internal Revenue Code (IRC) section 482 is
to ensure taxpayers clearly reflect income attributable to controlled
transactions and to prevent avoidance of taxes regarding such
transactions. IRC section 482 places a controlled taxpayer on tax
parity with an uncontrolled taxpayer by determining true taxable
income. Previously approved, TD 9568 (76 FR 80082) published December
22, 2011, contained final regulations regarding methods to determine
taxable income in connection with a cost sharing arrangement under
section 482 of the Internal Revenue Code. The final regulations address
issues that had arisen in administering the cost sharing regulations.
The final regulations affect domestic and foreign entities that enter
into cost sharing arrangements described in the final regulations.
Form: None.
Affected Public: Businesses or other for-profits.
[[Page 13180]]
Estimated Total Annual Burden Hours: 9,350.
9. Title: T.D. 8537--Carryover of Passive Activity Losses and
Credits and At Risk Losses to Bankruptcy Estates of Individuals.
OMB Control Number: 1545-1375.
Type of Review: Extension without change of a currently approved
collection.
Abstract: This document contains previously approved final
regulations relating to the application of carryover of passive
activity losses and credits and at risk losses to the bankruptcy
estates of individuals. The final regulations affect individual
taxpayers who file bankruptcy petitions under chapter 7 or chapter 11
of title 11 of the United States Code and have passive activity losses
and credits under section 469 or losses under section 465.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 100.
10. Title: EE-14-81 Deductions and Reductions in Earnings and
Profits (or Accumulated Profits) With Respect to Certain Foreign
Deferred Compensation Plans Maintained by Certain Foreign Corporations.
OMB Control Number: 1545-1393.
Type of Review: Extension without change of a currently approved
collection.
Abstract: The previously approved regulation provides guidance
regarding the limitations on deductions and adjustments to earnings and
profits (or accumulated profits) for certain foreign deferred
compensation plans. Respondents will be multinational corporations.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 634,450.
11. Title: TD 9199--Diesel Fuel and Kerosene Excise Tax; Dye
Injection.
OMB Control Number: 1545-1418.
Type of Review: Extension without change of a currently approved
collection.
Abstract: The previously approved regulations relate to the diesel
fuel and kerosene excise tax and reflect changes made by the American
Jobs Creation Act of 2004 (Act) regarding mechanical dye injection
systems. Under the Act, diesel fuel and kerosene that are to be used in
a nontaxable use must be indelibly dyed by use of a mechanical dye
injection system that satisfies the requirements set forth in the
regulations. However, Notice 2005-80 lifted the requirement for
mechanical injection and because of this there is currently no
requirement in the regulations for pre-approval by the IRS to inject
dye into exempt fuel. The statutory requirement remains codified until
such time they are finalized or removed. The burden has been adjusted
accordingly.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 1.
12. Title: TD 8706 Electronic Filing of Form W-4.
OMB Control Number: 1545-1435.
Type of Review: Extension without change of a currently approved
collection.
Abstract: This document contains previously approved final
regulations relating to Form W-4, Employee's Withholding Allowance
Certificate. The final regulations authorize employers to establish
electronic systems for use by employees in filing their Forms W-4. The
regulations provide employers and employees with guidance necessary to
comply with the law. The regulations affect employers that establish
electronic systems and their employees.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 40,000.
13. Title: TD 8881--General Revision of Regulations Relating to
Withholding of Tax on Certain U.S. Source Income Paid to Foreign
Persons.
OMB Control Number: 1545-1484.
Type of Review: Extension without change of a currently approved
collection.
Abstract: This document contains previously approved regulations
relating to the withholding of income tax under sections 1441, 1442,
and 1443 on certain U.S. source income paid to foreign persons and
related requirements governing collection, deposit, refunds, and
credits of withheld amounts under sections 1461 through 1463. These
regulations affect persons making payments of U.S. source income to
foreign persons.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Total Annual Burden Hours: 1.
14. Title: Government Service Information.
OMB Control Number: 1545-1919.
Type of Review: Extension without change of a currently approved
collection.
Abstract: Form 12854 is used to identify applicants who have had
prior government service in order to request the official personnel
folder from federal records and to identify possible pay-setting
issues.
Form: 12854.
Affected Public: Individuals and households.
Estimated Total Annual Burden Hours: 6,203.
Authority: 44 U.S.C. 3501 et seq.
Dated: March 21, 2018.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2018-06060 Filed 3-26-18; 8:45 am]
BILLING CODE 4830-01-P
