Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests, 52614-52616 [2018-22554]

Download as PDF 52614 Federal Register / Vol. 83, No. 201 / Wednesday, October 17, 2018 / Notices response in the 2018 NTD Policy Manual. daltland on DSKBBV9HB2PROD with NOTICES F. Change to Reporting Requirements for Non-Rail For-Profit Providers of Public Transportation FTA received two comments on the proposed change to reporting requirements for non-rail for-profit providers of public transportation. One agency stated that the ‘‘safety of passengers and good stewardship of any associate tax dollars is a higher priority’’ than protecting competitive advantage of for-profit providers. A second agency strongly opposed the change and stated that FTA failed to ‘‘provide any evidence’’ of the assertion that reporting as a full reporter may compromise a company’s ability to successfully compete for business. They further expressed concern that most of the identified providers are in the New York-Newark, NY-NJ-CT urbanized area and believed this change would disproportionately reduce the Urbanized Area Formula apportionment for New York. They ‘‘urged FTA to eliminate this proposal from further consideration’’ or issue the proposal for public comment along with additional detail for the public to review. FTA Response: FTA agrees that the safety of passengers and the good stewardship of public tax dollars are the highest priorities. Although, FTA does not believe that this proposal represents any risk to the safety of transit passengers, FTA is sensitive to the concerns expressed that this proposal could primarily impact the New YorkNewark, NY-NJ-CT urbanized area. FTA is withdrawing this proposed change. Reporting requirements will remain the same for non-rail, for-profit providers of public transportation. G. Clarification of Mechanical Failure Definitions FTA received five comments on the clarification of mechanical failure definitions and request for feedback on potential definition changes. Two commenters support the proposed definition change. One commenter requested clarification on ‘‘vandalism.’’ Specifically, they asked FTA to clarify whether a door defect caused by a customer holding a door should be considered vandalism under the proposed definition. FTA Response: FTA clarifies that a door defect caused by normal interaction with customers boarding and alighting the vehicle, including attempting to hold a door to allow for normal boarding and alighting would not be considered ‘‘vandalism.’’ FTA’s use of the word vandalism was the VerDate Sep<11>2014 19:46 Oct 16, 2018 Jkt 247001 common definition of willful or malicious destruction or defacement of public or private property. FTA will implement the proposed definition adjustments. These changes will be reflected in the FY2018 NTD Policy Manual and NTD Glossary. In addition to clarifications to the mechanical failure definitions, FTA asked for feedback on current utility of the major mechanical failure and other mechanical failure metrics. FTA also offered two scenarios for adjusting these metrics and requested stakeholder feedback on these scenarios. FTA provides a summary of the feedback received below for stakeholder awareness. As the comments received did not indicate a consensus among stakeholders on the best way to improve the reporting of mechanical failures, FTA is not proposing to make any changes to reporting at this time. As stated in the original notice, FTA is not recommending any further changes to the major mechanical failure and other mechanical failure definitions at this time. FTA will use the feedback outlined below to inform any future changes to these data points. One commenter recommended adjusting the metric to track mean distance between delays to better align with industry practice and suggested changing the proposed definition of ‘‘other mechanical system failures’’ to include ‘‘all failures.’’ Another commenter states that collecting major mechanical system failures by fleet rather than mode ‘‘would not be an issue’’ but this has limited utility to an agency because they measure reliability using a different metric. The commenter suggests changing the proposed definition of ‘‘other mechanical system failures’’ to include ‘‘all failures’’. Two commenters did not support discontinuing reporting of other mechanical system failures. One stated that FTA should continue to collect it ‘‘with the intent to provide value to stakeholders’’ unless the financial burden is excessive. The second stated that discontinuing the reporting of other mechanical system failures would not reduce agency burden to maintain and analyze failure data. One commenter stated that changing the reporting threshold to failures requiring a work order would be inconsistent among agencies and would not make reporting more consistent. One commenter recommended that FTA discontinue the reporting of ‘‘partially cancelled trains’’ as this may be a source of inconsistent reporting. A final commenter expressed concern that collecting major mechanical system PO 00000 Frm 00239 Fmt 4703 Sfmt 4703 failure by fleet rather than by mode may increase the reporting burden. They requested that FTA clearly articulate how the more granular data set will be used and allow the public to weigh if the utility of the data set balances the potential cost and burden before making any changes to the current metrics. K. Jane Williams, Acting Administrator. [FR Doc. 2018–22528 Filed 10–16–18; 8:45 am] BILLING CODE 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 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 November 16, 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 Leonard 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) Title: Return by a U.S. Transferor of Property to a Foreign Corporation. OMB Control Number: 1545–0026. Type of Review: Revision of a currently approved collection. E:\FR\FM\17OCN1.SGM 17OCN1 daltland on DSKBBV9HB2PROD with NOTICES Federal Register / Vol. 83, No. 201 / Wednesday, October 17, 2018 / Notices Abstract: Form 926 is filed by any U.S. person who transfers certain tangible or intangible property to a foreign corporation to report information required by section 6038B. Form: 926. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 28,608. Title: Form 1099–R—Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. OMB Control Number: 1545–0110. Type of Review: Revision of a currently approved collection. Abstract: The Form 1099–DIV is used by the Service to insure that dividends are properly reported as required by Code section 6042 and that liquidation distributions are correctly reported as required by Code section 6043, and to determine whether payees are correctly reporting their income. Form: 1099–DIV. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 32,119,195. Title: Form 1099–R—Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. OMB Control Number: 1545–0119. Type of Review: Revision of a currently approved collection. Abstract: Form 1099–R is used to report distributions from pensions, annuities, profit-sharing or retirement plans, IRAs, and the surrender of insurance contracts. This information is used by IRS to verify that income has been properly reported by the recipient. Form: 1099–R. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 39,306,520. Title: Form 2210, Underpayment of Estimated Tax by Individuals, Estate, and Trusts; Form 2210–F, Underpayment of Estimated Tax by Farmers and Fishermen. OMB Control Number: 1545–0140. Type of Review: Reinstatement with change of a previously approved collection. Abstract: Internal Revenue Code section 6654 imposes a penalty for failure to pay estimated tax. These forms are used by taxpayers to determine whether they are subject to the penalty and to compute the penalty if it applies. The Service uses this information to determine whether the taxpayer is subject to the penalty, and to verify the penalty amount. VerDate Sep<11>2014 19:46 Oct 16, 2018 Jkt 247001 Form: 2210, 2210–F. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 496,337. Title: Form 4684—Casualties and Thefts. OMB Control Number: 1545–0177. Type of Review: Revision of a currently approved collection. Abstract: Form 4684 is used by taxpayers to compute their gain or loss from casualties or thefts, and to summarize such gains and losses. The data is used to verify that the correct gain or loss has been computed. Form: 4684. Affected Public: Individuals or Households. Estimated Total Annual Burden Hours: 1,293,895. Title: Form 8233—Exemption From Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual. OMB Control Number: 1545–0795. Type of Review: Revision of a currently approved collection. Abstract: Compensation paid to a nonresident alien (NRA) individual for independent personal services (selfemployment) is generally subject to 30% withholding or graduated rates. However, compensation may be exempt from withholding because of a U.S. tax treaty or personal exemption amount. Form 8233 is used to request exemption from withholding. Form: 8233. Affected Public: Individuals or Households. Estimated Total Annual Burden Hours: 669,211. Title: Form 8858—Information Return of U.S. Persons With Respect To Foreign Disregarded Entities; and Transactions Between Foreign Disregarded Entity of a Foreign Tax Owner and the Filer. OMB Control Number: 1545–0910. Type of Review: Revision of a currently approved collection. Abstract: Form 8858 and Schedule M (Form 8858) are used by certain U.S. persons that own a foreign disregarded entity (FDE) directly or, in certain circumstances, indirectly or constructively. The form and schedules are used to satisfy the reporting requirements of sections 6011, 6012, 6031, and 6038, and related regulations. Form: 8858, Sch M (F. 8858). Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 917,800. Title: Form 8621—Information Return by a Shareholder of a Passive Foreign PO 00000 Frm 00240 Fmt 4703 Sfmt 4703 52615 Investment Company or Qualified Electing Fund. OMB Control Number: 1545–1002. Type of Review: Revision of a currently approved collection. Abstract: Form 8621 is filed by a U.S. shareholder who owns stock in a foreign investment company. The form is used to report income, make an election to extend the time for payment of tax, and to pay an additional tax and interest amount. The IRS uses Form 8621 to determine if these shareholders have correctly reported amounts of income, made the election correctly, and have correctly computed the additional tax and interest amount. Form: 8621. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 65,304. Title: Form 1098 Mortgage Interest Statement; TD 8571 (Formerly IA–17– 90) Reporting Requirements for Recipients of Points Paid on Residential Mortgages. OMB Control Number: 1545–1380. Type of Review: Revision of a currently approved collection. Abstract: To encourage compliance with the tax laws relating to the mortgage interest deduction, the regulations require the reporting on Form 1098 of points paid on residential mortgage. Only businesses that receive mortgage interest in the course of a trade or business are affected by this reporting requirement. Form: 1098. Affected Public: Individuals or Households. Estimated Total Annual Burden Hours: 19,211,581. Title: Form 8864—Biodiesel and Renewable Diesel Fuels Credit. OMB Control Number: 1545–1924. Type of Review: Extension without change of a currently approved collection. Abstract: Form 8864 is used to figure biodiesel and renewable diesel fuels credit and to claim the credit for the tax year in which the sale or use occurs. This credit consists of the biodiesel credit, renewable diesel credit, biodiesel mixture credit, renewable diesel mixture credit, and small agri-biodiesel producer credit. IRC section 40A provides a credit for biodiesel or qualified biodiesel mixtures. IRC section 38(b)(17) allows a nonrefundable income tax credit for businesses that sell or use biodiesel. The biodiesel and renewable diesel fuels credit is scheduled expired for fuel sold or used in calendar year 2017 only. Don’t claim this credit for fuel sold or used after E:\FR\FM\17OCN1.SGM 17OCN1 52616 Federal Register / Vol. 83, No. 201 / Wednesday, October 17, 2018 / Notices 2017 on Form 8864 unless the credit is extended. Form: 8864. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 110. Authority: 44 U.S.C. 3501 et seq. Dated: October 11, 2018. Jennifer P. Quintana, Treasury PRA Clearance Officer. [FR Doc. 2018–22554 Filed 10–16–18; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF VETERANS AFFAIRS National Research Advisory Council; Notice of Meeting daltland on DSKBBV9HB2PROD with NOTICES The Department of Veterans Affairs (VA) gives notice under the Federal VerDate Sep<11>2014 19:46 Oct 16, 2018 Jkt 247001 Advisory Committee Act that the National Research Advisory Council will hold a meeting on Wednesday, December 5, 2018, at 1100 First Street NE, Room 104, Washington, DC 20002. The meeting will convene at 9:00 a.m. and end at 3:30 p.m. This meeting is open to the public. The agenda will include information technology challenges, career development and merit awards, roadmaps overview, clinical trials, and cooperative research and development agreements (CRADA). No time will be allocated at this meeting for receiving oral presentations from the public. Members of the public wanting to attend may contact Rashelle Robinson, Designated Federal Officer, Office of Research and Development (10P9), Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC 20420, at (202) 443–5668, or by email at PO 00000 Frm 00241 Fmt 4703 Sfmt 9990 Rashelle.Robinson@va.gov no later than close of business on November 28, 2018. Because the meeting is being held in a Government building, a photo I.D. must be presented at the Guard’s Desk as a part of the clearance process. Any member of the public seeking additional information should contact Rashelle Robinson at the phone number or email address noted above. Dated: October 12, 2018. LaTonya L. Small, Federal Advisory Committee Management Officer. [FR Doc. 2018–22664 Filed 10–16–18; 8:45 am] BILLING CODE P E:\FR\FM\17OCN1.SGM 17OCN1

Agencies

[Federal Register Volume 83, Number 201 (Wednesday, October 17, 2018)]
[Notices]
[Pages 52614-52616]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-22554]


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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.

-----------------------------------------------------------------------

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 November 16, 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 Leonard 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: Return by a U.S. Transferor of Property to a Foreign 
Corporation.
    OMB Control Number: 1545-0026.
    Type of Review: Revision of a currently approved collection.

[[Page 52615]]

    Abstract: Form 926 is filed by any U.S. person who transfers 
certain tangible or intangible property to a foreign corporation to 
report information required by section 6038B.
    Form: 926.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 28,608.

    Title: Form 1099-R--Distributions From Pensions, Annuities, 
Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
    OMB Control Number: 1545-0110.
    Type of Review: Revision of a currently approved collection.
    Abstract: The Form 1099-DIV is used by the Service to insure that 
dividends are properly reported as required by Code section 6042 and 
that liquidation distributions are correctly reported as required by 
Code section 6043, and to determine whether payees are correctly 
reporting their income.
    Form: 1099-DIV.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 32,119,195.

    Title: Form 1099-R--Distributions From Pensions, Annuities, 
Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
    OMB Control Number: 1545-0119.
    Type of Review: Revision of a currently approved collection.
    Abstract: Form 1099-R is used to report distributions from 
pensions, annuities, profit-sharing or retirement plans, IRAs, and the 
surrender of insurance contracts. This information is used by IRS to 
verify that income has been properly reported by the recipient.
    Form: 1099-R.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 39,306,520.

    Title: Form 2210, Underpayment of Estimated Tax by Individuals, 
Estate, and Trusts; Form 2210-F, Underpayment of Estimated Tax by 
Farmers and Fishermen.
    OMB Control Number: 1545-0140.
    Type of Review: Reinstatement with change of a previously approved 
collection.
    Abstract: Internal Revenue Code section 6654 imposes a penalty for 
failure to pay estimated tax. These forms are used by taxpayers to 
determine whether they are subject to the penalty and to compute the 
penalty if it applies. The Service uses this information to determine 
whether the taxpayer is subject to the penalty, and to verify the 
penalty amount.
    Form: 2210, 2210-F.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 496,337.

    Title: Form 4684--Casualties and Thefts.
    OMB Control Number: 1545-0177.
    Type of Review: Revision of a currently approved collection.
    Abstract: Form 4684 is used by taxpayers to compute their gain or 
loss from casualties or thefts, and to summarize such gains and losses. 
The data is used to verify that the correct gain or loss has been 
computed.
    Form: 4684.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 1,293,895.

    Title: Form 8233--Exemption From Withholding on Compensation for 
Independent (and Certain Dependent) Personal Services of a Nonresident 
Alien Individual.
    OMB Control Number: 1545-0795.
    Type of Review: Revision of a currently approved collection.
    Abstract: Compensation paid to a nonresident alien (NRA) individual 
for independent personal services (self-employment) is generally 
subject to 30% withholding or graduated rates. However, compensation 
may be exempt from withholding because of a U.S. tax treaty or personal 
exemption amount. Form 8233 is used to request exemption from 
withholding.
    Form: 8233.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 669,211.

    Title: Form 8858--Information Return of U.S. Persons With Respect 
To Foreign Disregarded Entities; and Transactions Between Foreign 
Disregarded Entity of a Foreign Tax Owner and the Filer.
    OMB Control Number: 1545-0910.
    Type of Review: Revision of a currently approved collection.
    Abstract: Form 8858 and Schedule M (Form 8858) are used by certain 
U.S. persons that own a foreign disregarded entity (FDE) directly or, 
in certain circumstances, indirectly or constructively. The form and 
schedules are used to satisfy the reporting requirements of sections 
6011, 6012, 6031, and 6038, and related regulations.
    Form: 8858, Sch M (F. 8858).
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 917,800.

    Title: Form 8621--Information Return by a Shareholder of a Passive 
Foreign Investment Company or Qualified Electing Fund.
    OMB Control Number: 1545-1002.
    Type of Review: Revision of a currently approved collection.
    Abstract: Form 8621 is filed by a U.S. shareholder who owns stock 
in a foreign investment company. The form is used to report income, 
make an election to extend the time for payment of tax, and to pay an 
additional tax and interest amount. The IRS uses Form 8621 to determine 
if these shareholders have correctly reported amounts of income, made 
the election correctly, and have correctly computed the additional tax 
and interest amount.
    Form: 8621.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 65,304.

    Title: Form 1098 Mortgage Interest Statement; TD 8571 (Formerly IA-
17-90) Reporting Requirements for Recipients of Points Paid on 
Residential Mortgages.
    OMB Control Number: 1545-1380.
    Type of Review: Revision of a currently approved collection.
    Abstract: To encourage compliance with the tax laws relating to the 
mortgage interest deduction, the regulations require the reporting on 
Form 1098 of points paid on residential mortgage. Only businesses that 
receive mortgage interest in the course of a trade or business are 
affected by this reporting requirement.
    Form: 1098.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 19,211,581.

    Title: Form 8864--Biodiesel and Renewable Diesel Fuels Credit.
    OMB Control Number: 1545-1924.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 8864 is used to figure biodiesel and renewable 
diesel fuels credit and to claim the credit for the tax year in which 
the sale or use occurs. This credit consists of the biodiesel credit, 
renewable diesel credit, biodiesel mixture credit, renewable diesel 
mixture credit, and small agri-biodiesel producer credit. IRC section 
40A provides a credit for biodiesel or qualified biodiesel mixtures. 
IRC section 38(b)(17) allows a nonrefundable income tax credit for 
businesses that sell or use biodiesel. The biodiesel and renewable 
diesel fuels credit is scheduled expired for fuel sold or used in 
calendar year 2017 only. Don't claim this credit for fuel sold or used 
after

[[Page 52616]]

2017 on Form 8864 unless the credit is extended.
    Form: 8864.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 110.

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

    Dated: October 11, 2018.
Jennifer P. Quintana,
Treasury PRA Clearance Officer.
[FR Doc. 2018-22554 Filed 10-16-18; 8:45 am]
BILLING CODE 4830-01-P