Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request for Form 8038-T, 65803-65804 [2018-27596]

Download as PDF Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices Notice and request for comments. ACTION: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Office of Foreign Assets Control (OFAC) within the Department of the Treasury is soliciting comments concerning OFAC’s Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and PayableThrough Accounts. DATES: Written comments must be submitted on or before February 19, 2019 to be assured of consideration. ADDRESSES: You may submit comments by any of the following methods: Federal eRulemaking Portal: www.regulations.gov. Follow the instructions on the website for submitting comments. Fax: Attn: Request for Comments (Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts) 202– 622–1759. Mail: Attn: Request for Comments (Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts), Office of Foreign Assets Control, Department of the Treasury, 1500 Pennsylvania Avenue NW, Washington, DC 20220. Instructions: All submissions received must include the agency name and the Federal Register Doc. number that appears at the end of this document. Comments received will be made available to the public via regulations.gov or upon request, without change and including any personal information provided. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Licensing, tel.: 202–622–2480; Assistant Director for Regulatory Affairs, tel.: 202–622– 4855; Assistant Director for Sanctions Compliance & Evaluation, tel.: 202–622– 2490; or the Department of the Treasury’s Office of the Chief Counsel (Foreign Assets Control), Office of the General Counsel, tel.: 202–622–2410. SUPPLEMENTARY INFORMATION: Title: Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts. OMB Number: 1505–0243. amozie on DSK3GDR082PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 00:00 Dec 21, 2018 Jkt 247001 Abstract: Section 561.504(b) of the Iranian Financial Sanctions Regulations, 31 CFR part 561 (the IFSR), specifies that a U.S. financial institution that maintained a correspondent account or payable-through account for a foreign financial institution whose name is added to the Part 561 List 1 on OFAC’s website (www.treasury.gov/ofac) as subject to a prohibition on the maintaining of such accounts must file a report with OFAC that provides full details on the closing of each such account within 30 days of the closure of the account. This collection of information assists in verifying that U.S. financial institutions are complying with prohibitions on maintaining correspondent accounts or payablethrough accounts for foreign financial institutions listed on the Part 561 List. The reports will be reviewed by the U.S. Department of the Treasury and may be used for compliance and enforcement purposes by the agency. 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: U.S. financial institutions operating correspondent accounts or payable-through accounts for foreign financial institutions. Estimated Number of Respondents: The likely respondents and recordkeepers affected by this collection of information in section 561.504(b) are U.S. financial institutions operating correspondent accounts or payable through accounts for foreign financial institutions. Since the date this reporting requirement was added to the IFSR (February 27, 2012) through June 18, 2015, OFAC added the names of two foreign financial institutions to the Part 561 List, of which one remains. No foreign financial institution was added 65803 to the Part 561 List during the current reporting period (through December 15, 2018), and the number of respondents to this collection has been zero. For future notices, OFAC will continue to report retrospectively on the number of respondents during the reporting period. Estimated Time per Respondent: 2 hours per response. Estimated Total Annual Burden Hours: While no responses are expected, an estimate of 1 response (2 hours) is being included to account for the possibility that someone could have to provide a notification in the future. Request for Comments Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information has practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: December 17, 2018. Andrea Gacki, Director, Office of Foreign Assets Control. [FR Doc. 2018–27623 Filed 12–20–18; 8:45 am] 1 On March 1, 2018, OFAC created a new list, titled the List of Foreign Financial Institutions Subject to Correspondent Account or PayableThrough Account Sanctions (the ‘‘CAPTA List’’). The CAPTA List will include foreign financial institutions subject to correspondent or payablethrough account sanctions pursuant to sanctions authorities including the Ukraine Freedom Support Act of 2014, as amended by the Countering America’s Adversaries Through Sanctions Act, and the North Korea Sanctions Regulations, 31 CFR part 510, as well as the specific strict conditions or prohibitions to which the foreign financial institutions are subject. It eventually will be expanded to include foreign financial institutions subject to correspondent or payable-through account sanctions pursuant to additional authorities, including the Iranian Financial Sanctions Regulations, 31 CFR part 561, which are currently identified on OFAC’s Part 561 List. At that time, by separate action, OFAC will move the name of the foreign financial institution on the Part 561 List, along with the relevant prohibition or strict condition(s) to which the foreign financial institution is subject, to the CAPTA List. This will not impact the relevant reporting requirement. PO 00000 Frm 00182 Fmt 4703 Sfmt 4703 BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request for Form 8038–T Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to SUMMARY: E:\FR\FM\21DEN1.SGM 21DEN1 amozie on DSK3GDR082PROD with NOTICES1 65804 Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments concerning Form 8038–T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate. DATES: Written comments should be received on or before February 19, 2019 to be assured of consideration. ADDRESSES: Direct all written comments to Laurie Brimmer, Internal Revenue Service, Room 6236, 1111 Constitution Avenue NW, Washington, DC 20224. Requests for additional information or copies of the regulations should be directed to R. Joseph Durbala, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at RJoseph.Durbala@irs.gov. SUPPLEMENTARY INFORMATION: Title: Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate. OMB Number: 1545–1219. Revenue Procedure Number: 8038–T. Abstract: Form 8038–T is used by issuers of tax exempt bonds to report and pay the arbitrage rebate and to elect and/or pay various penalties associated with arbitrage bonds. The issuers include state and local governments. Current Actions: There is currently, no change to the form. We are updating the records to include the recordkeeping burden associated with regulation section 1.148–5(d)(6)(iii), previously approved under OMB number 1545– 1490 and 1545–1098. Type of Review: Revision of a currently approved collection. Affected Public: State, local or tribal governments. Estimated Number of Respondents: 3,900. Estimated Time per Respondent: 24 hrs., 11 min. Estimated Total Annual Burden Hours: 59,325. The following paragraph applies to all 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 if 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. Desired Focus of Comments: The Internal Revenue Service (IRS) is VerDate Sep<11>2014 00:00 Dec 21, 2018 Jkt 247001 particularly interested in comments that: • Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; • Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; • Enhance the quality, utility, and clarity of the information to be collected; and • Minimize the burden of the collection of information on those who are to respond, including using appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., by permitting electronic submissions of responses. Comments submitted in response to this notice will be summarized and/or included in the ICR for OMB approval of the extension of the information collection; they will also become a matter of public record. Approved: December 13, 2018. R. Joseph Durbala, IRS Tax Analyst. [FR Doc. 2018–27596 Filed 12–20–18; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request for Form 14145 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments concerning Form 14145, IRS Applicant Contact Card. DATES: Written comments should be received on or before February 19, 2019 to be assured of consideration. ADDRESSES: Direct all written comments to Laurie Brimmer, Internal Revenue Service, Room 6129, 1111 Constitution SUMMARY: PO 00000 Frm 00183 Fmt 4703 Sfmt 4703 Avenue NW, Washington, DC 20224. Requests for additional information or copies of the regulations should be directed to R. Joseph Durbala, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at RJoseph.Durbala@irs.gov. SUPPLEMENTARY INFORMATION: Title: IRS Applicant Contact Card. OMB Number: 1545–2240. Form Number: 14145. Abstract: The Internal Revenue Service contact card is used to collect contact information from individuals who may be interested in working for the IRS now, or at any time in the future (potential applicants) Form 14145 requests information to enter into a database to allow the IRS to send information about jobs to potential applicants. Cards are then destroyed after input into the database. The potential applicant is only contacted about jobs which correspond to the job categories selected by the IRS Recruiter on Form 14145. Current Actions: There is no change in the form previously approved by OMB. However, the total burden previously approved, needs to be lowered by 64,721 hours, to correct an error in the previous submission. The correct burden estimates should be; 16,045 estimated responses and a total estimated annual burden of 1,364 hours. Type of Review: Revision of a currently approved collection. Affected Public: Individuals and households. Estimated Number of Respondents: 16,045. Estimated Time per Respondent: 5 min. Estimated Total Annual Burden Hours: 1,364. The following paragraph applies to all 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 if 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. Desired Focus of Comments: The Internal Revenue Service (IRS) is particularly interested in comments that: • Evaluate whether the proposed collection of information is necessary E:\FR\FM\21DEN1.SGM 21DEN1

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[Federal Register Volume 83, Number 245 (Friday, December 21, 2018)]
[Notices]
[Pages 65803-65804]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-27596]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Extension of Information Collection Request Submitted 
for Public Comment; Comment Request for Form 8038-T

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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

SUMMARY: The Internal Revenue Service, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the public and other 
Federal agencies to take this opportunity to

[[Page 65804]]

comment on proposed and/or continuing information collections, as 
required by the Paperwork Reduction Act of 1995. Currently, the IRS is 
soliciting comments concerning Form 8038-T, Arbitrage Rebate, Yield 
Reduction and Penalty in Lieu of Arbitrage Rebate.

DATES: Written comments should be received on or before February 19, 
2019 to be assured of consideration.

ADDRESSES: Direct all written comments to Laurie Brimmer, Internal 
Revenue Service, Room 6236, 1111 Constitution Avenue NW, Washington, DC 
20224. Requests for additional information or copies of the regulations 
should be directed to R. Joseph Durbala, at Internal Revenue Service, 
Room 6129, 1111 Constitution Avenue NW, Washington, DC 20224, or 
through the internet, at RJoseph.Durbala@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Arbitrage Rebate, Yield Reduction and Penalty in Lieu of 
Arbitrage Rebate.
    OMB Number: 1545-1219.
    Revenue Procedure Number: 8038-T.
    Abstract: Form 8038-T is used by issuers of tax exempt bonds to 
report and pay the arbitrage rebate and to elect and/or pay various 
penalties associated with arbitrage bonds. The issuers include state 
and local governments.
    Current Actions: There is currently, no change to the form. We are 
updating the records to include the recordkeeping burden associated 
with regulation section 1.148-5(d)(6)(iii), previously approved under 
OMB number 1545-1490 and 1545-1098.
    Type of Review: Revision of a currently approved collection.
    Affected Public: State, local or tribal governments.
    Estimated Number of Respondents: 3,900.
    Estimated Time per Respondent: 24 hrs., 11 min.
    Estimated Total Annual Burden Hours: 59,325.
    The following paragraph applies to all 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 if 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.
    Desired Focus of Comments: The Internal Revenue Service (IRS) is 
particularly interested in comments that:
     Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
     Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including using appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology, e.g., by permitting electronic 
submissions of responses.
    Comments submitted in response to this notice will be summarized 
and/or included in the ICR for OMB approval of the extension of the 
information collection; they will also become a matter of public 
record.

    Approved: December 13, 2018.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2018-27596 Filed 12-20-18; 8:45 am]
 BILLING CODE 4830-01-P