Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests, 29586-29589 [2019-13348]
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29586
Federal Register / Vol. 84, No. 121 / Monday, June 24, 2019 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8275 and 8275–R
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 general 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 8275,
Disclosure Statement, and Form 8275–
R, Regulation Disclosure Statement.
DATES: Written comments should be
received on or before August 23, 2019
to be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to LaNita Van Dyke
at Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet at Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Disclosure Statement (Form
8275) and Regulation Disclosure
Statement (Form 8275–R).
OMB Number: 1545–0889.
Form Number: Forms 8275 and 8275–
R.
Abstract: Internal Revenue Code
section 6662 imposes accuracy-related
penalties on taxpayers for substantial
understatement of tax liability or
negligence or disregard of rules and
regulations. Code section 6694 imposes
similar penalties on return preparers.
Regulations sections 1.662–4(e) and (f)
provide for reduction of these penalties
if adequate disclosure of the tax
treatment is made on Form 8275 or, if
the position is contrary to regulation on
Form 8275–R.
Current Actions: There are no changes
to the forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations and individuals,
not-for-profit institutions, and farms.
Estimated Number of Responses:
666,666.
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SUMMARY:
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Estimated Time per Response: 5
hours, 34 minutes.
Estimated Total Annual Burden
Hours: 3,716,664.
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.
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 shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (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: June 19, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019–13359 Filed 6–21–19; 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 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
SUMMARY:
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public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before July 24, 2019 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.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: Form 1099 MISC—
Miscellaneous Income.
OMB Control Number: 1545–0115.
Type of Review: Revision of a
currently approved collection.
Description: Form 1099–MISC is used
by payers to report payments of $600 or
more of rent, prizes and awards,
medical and health care payments,
nonemployee compensation, and crop
insurance proceeds, $10 or more of
royalties, any amount of fishing boat
proceeds, certain substitute payments,
golden parachute payments, and an
indication of direct sales of $5,000 or
more.
Form: 1099–MISC.
Affected Public: Businesses or other
for profits.
Estimated Number of Respondents:
99,447,800.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 99,447,800.
Estimated Time per Response: .31
hours per response.
Estimated Total Annual Burden
Hours: 30,828,818.
Title: Taxable Distributions Received
From Cooperatives.
OMB Control Number: 1545–0118.
Type of Review: Revision of a
currently approved collection.
Description: Form 1099–PATR is used
to report patronage dividends paid by
cooperatives (IRC sec. 6044). The
information is used by IRS to verify
reporting compliance on the part of the
recipient.
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Federal Register / Vol. 84, No. 121 / Monday, June 24, 2019 / Notices
Form: 1099–PATR.
Affected Public: Businesses or other
for profits.
Estimated Number of Respondents:
1,820,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 1,820,000.
Estimated Time per Response: .26
hours per response.
Estimated Total Annual Burden
Hours: 473,201.
Title: Form 4136—Credit for Federal
Tax Paid on Fuels.
OMB Control Number: 1545–0162.
Type of Review: Extension without
change of a currently approved
collection.
Description: Internal Revenue Code
section 34 allows a credit for Federal
excise tax for certain fuel uses. This
form is used to figure the amount of the
income tax credit. The data is used to
verify the validity of the claim for the
type of nontaxable or exempt use.
Form: 4136.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
2,441,858.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 2,441,858.
Estimated Time per Response: 1.69
hours per response.
Estimated Total Annual Burden
Hours: 4,122,076.
Title: Form 4972—Tax on Lump-Sum
Distributions (From Qualified
Retirement Plans of Plan Participants
Born Before 1936).
OMB Control Number: 1545–0193.
Type of Review: Extension without
change of a currently approved
collection.
Description: IRC Section 402(e) allows
taxpayers to compute a separate tax on
a lump sum distribution from a
qualified retirement plan. Form 4972 is
used to correctly figure that tax. The
data is used to verify the correctness of
the separate tax. Form 4972 is also used
to make the special 20% capital gain
election attributable to pre-1974
participation from the lump-sum
distribution.
Form: 4972.
Affected Public: Businesses or other
for profits.
Estimated Number of Respondents:
17,720.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 17,720.
Estimated Time per Response: 4.40
hours per response.
Estimated Total Annual Burden
Hours: 77,968.
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Title: Form 7004—Application for
Automatic Extension of Time To File
Certain Business Income Tax,
Information, and Other Returns.
OMB Control Number: 1545–0233.
Type of Review: Extension without
change of a currently approved
collection.
Description: Form 7004 is used by
corporations and certain non-profit
institutions to request an automatic 6month extension of time to file their
income tax returns. The information is
needed by IRS to determine whether
Form 7004 was timely filed so as not to
impose a late filing penalty in error and
also to insure that the proper amount of
tax was computed and deposited.
Form: 7004.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
6,537,500.
Frequency of Response: On Occasion.
Estimated Total Number of Annual
Responses: 6,537,500.
Estimated Time per Response: 6.78
hours per response.
Estimated Total Annual Burden
Hours: 44,324,250.
Title: At-Risk Limitations.
OMB Control Number: 1545–0712.
Type of Review: Extension without
change of a currently approved
collection.
Description: IRC section 465 requires
taxpayers to limit their at-risk loss to the
lesser of the loss or their amount at risk.
Form 6198 is used by taxpayers to
determine their deductible loss and by
IRS to verify the amount deducted.
Form: 6198.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
230,332.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 230,332.
Estimated Time per Response: 3.97
hours per response.
Estimated Total Annual Burden
Hours: 914,419.
Title: Low-Income Housing Credit
OMB Control Number: 1545–0984.
Type of Review: Revision of a
currently approved collection.
Description: The Tax Reform Act of
1986 (Code section 42) permits owners
of residential rental projects providing
low-income housing to claim a credit
against income tax for part of the cost
of constructing or rehabilitating such
low-income housing. Form 8586 is used
by taxpayers to compute the credit and
by IRS to verify that the correct credit
has been claimed.
Form: 8586.
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Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
779
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 779
Estimated Time per Response: 8.8
hours per response.
Estimated Total Annual Burden
Hours: 6,855.
Title: TD 8611, Conduit Arrangements
Regulations—Final (INTL–64–93).
OMB Control Number: 1545–1440.
Type of Review: Extension without
change of a currently approved
collection.
Description: This document contains
regulations relating to when the area
director may recharacterize a financing
arrangement as a conduit arrangement.
Such recharacterization will affect the
amount of withholding tax due on
financing transactions that are part of
the financing arrangement. These
regulations will affect withholding
agents and foreign investors.
Form: None.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
1,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 1,000.
Estimated Time per Response: 10
hours per response.
Estimated Total Annual Burden
Hours: 10,000.
Title: Commercial Revitalization
Deduction.
OMB Control Number: 1545–1818.
Type of Review: Extension without
change of a currently approved
collection.
Description: Pursuant to Sec. 1400I of
the Internal Revenue Code, this
procedure provides the time and
manner for states to make allocations of
commercial revitalization expenditures
to a new or substantially rehabilitated
building that is placed in service in a
renewal community.
Form: None.
Affected Public: State, Local, and
Tribal Governments.
Estimated Number of Respondents:
80.
Frequency of Response: On Occasion.
Estimated Total Number of Annual
Responses: 80.
Estimated Time per Response: 2.5
hours per response.
Estimated Total Annual Burden
Hours: 200.
Title: Revenue Procedure 2003–39,
Section 1031 LKE (Like-Kind
Exchanges) Auto Leasing Programs.
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OMB Control Number: 1545–1834.
Type of Review: Extension without
change of a currently approved
collection.
Description: Revenue Procedure
2003–39 provides safe harbors for
certain aspects of the qualification
under Sec. 1031 of certain exchanges of
property pursuant to LKE Programs for
federal income tax purposes.
Form: None.
Affected Public: Businesses or other
for profits.
Estimated Number of Respondents:
8,600.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 8,600.
Estimated Time per Response: 1 hour
per response.
Estimated Total Annual Burden
Hours: 8,600.
Title: Supplemental Income and Loss.
OMB Control Number: 1545–1972.
Type of Review: Extension without
change of a currently approved
collection.
Description: Filers of Form 1040 use
Schedule E to report income from rental
real estate, royalties, partnerships, S
corporations, estates, trusts, and
residual interests in real estate mortgage
investment conduits (REMICs).
Form: 1040 Sch. E.
Affected Public: Businesses or other
for profits.
Estimated Number of Respondents:
570,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 570,000.
Estimated Time per Response: 9.94
hours per response.
Estimated Total Annual Burden
Hours: 5,665,800.
Title: Schedule F (Form 1040)—Profit
or Loss From Farming.
OMB Control Number: 1545–1975.
Type of Review: Extension without
change of a currently approved
collection.
Description: Schedule F (Form 1040)
is used by individuals to report their
farming income, expenses and selfemployment taxes derived from this
income. The data is used to verify that
the items reported on the form is
correct.
Form: 1040 sch. F.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
26,546.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 26,546.
Estimated Time per Response: 19
hours per response.
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Estimated Total Annual Burden
Hours: 504,374.
Title: Domestic Production Activities
Deduction.
OMB Control Number: 1545–1984.
Type of Review: Revision of a
currently approved collection.
Description: Section 102 of the
American Jobs Creation Act of 2004
(section 199 of the Internal Revenue
Code), created a domestic production
activities deduction for tax years
beginning after December 31, 2004.
Taxpayers will use the Form 8903 and
related instructions to calculate the
deduction. The Form 8903 will be filed
by corporations, individuals, partners
(including partners of electing large
partnerships), S corporation
shareholders, beneficiaries of estates
and trusts, cooperatives, and patrons of
cooperatives.
Form: 8903.
Affected Public: Businesses or other
for profits.
Estimated Number of Respondents:
30,000.
Frequency of Response: On Occasion.
Estimated Total Number of Annual
Responses: 30,000.
Estimated Time per Response: 24.66
hours per response.
Estimated Total Annual Burden
Hours: 739,800.
Title: Form 8910—Alternative Motor
Vehicle Credit.
OMB Control Number: 1545–1998.
Type of Review: Extension without
change of a currently approved
collection.
Description: Taxpayers will file Form
8910 to claim the credit for certain
alternative motor vehicles placed in
service after 2005.
Form: 8910.
Affected Public: Businesses or other
for profits.
Estimated Number of Respondents:
3,333.
Frequency of Response: On Occasion.
Estimated Total Number of Annual
Responses: 3,333.
Estimated Time per Response: 5.93
hours per response.
Estimated Total Annual Burden
Hours: 19,764.
Title: Form 8038–CP, Return for
Credit Payments to Issuers of Qualified
Bonds.
OMB Control Number: 1545–2142.
Type of Review: Extension without
change of a currently approved
collection.
Description: Form 8038–CP, Return
for Credit Payments to Issuers of
Qualified Bonds, will be used to make
direct payments to State and local
governments. The American Recovery
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and Reinvestment Act of 2009, Public
Law 111–5, provides State and local
governments with the option of issuing
a tax credit bond instead of a tax-exempt
governmental obligation bond. The bill
gives State and local governments the
option to receive a direct payment from
the Federal government equal to a
subsidy that would have been received
through the Federal tax credit for bonds.
Form: 8038–CP.
Affected Public: State, Local, and
Tribal Governments.
Estimated Number of Respondents:
20,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 20,000.
Estimated Time per Response: 12.33
hours per response.
Estimated Total Annual Burden
Hours: 246,600.
Title: Notice 2009–52, Election of
Investment Tax Credit in Lieu of
Production Tax Credit; Coordination
with Department of Treasury Grants for
Specified Energy Property in Lieu of
Tax Credits.
OMB Control Number: 1545–2145.
Type of Review: Extension without
change of a currently approved
collection.
Description: The notice provides a
description of the procedures that
taxpayers will be required to follow to
make an irrevocable election to take the
investment tax credit for energy
property under section 48 of the Internal
Revenue Code in lieu of the production
tax credit under section 45 of the
Internal Revenue Code.
Form: None.
Affected Public: Businesses or other
for profits.
Estimated Number of Respondents:
100.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 100.
Estimated Time per Response: 1 hours
per response.
Estimated Total Annual Burden
Hours: 100.
Title: Notice of Medical Necessity
Criteria under the Mental Health Parity
and Addiction Equity Act of 2008.
OMB Control Number: 1545–2165.
Type of Review: Revision of a
currently approved collection.
Description: Section 9812 of the Code
requires group health plans maintained
by an employer with more than 50
employees to disclose upon request to
participants and beneficiaries of the
plan the medical necessity criteria used
in making decisions regarding claims for
benefits under the plan.
Form: None.
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Affected Public: Businesses or other
for profits.
Estimated Number of Respondents:
1,217,875.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 1,217,875.
Estimated Time per Response: 3 hours
per response.
Estimated Total Annual Burden
Hours: 27,206.
Title: Form 5316, Application for
Group or Pooled Trust Ruling.
OMB Control Number: 1545–2166.
Type of Review: Extension without
change of a currently approved
collection.
Description: Group/pooled trust
sponsors file this form to request a
determination letter from the IRS for a
determination that the trust is a group
trust arrangement as described in Rev.
Rul. 81–100, 1981–1 C.B. 326 as
modified and clarified by Rev. Rul.
2004–67, 2004–28 I.R.B.
Form: 5316.
Affected Public: Businesses or other
for profits.
Estimated Number of Respondents:
200.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 200.
Estimated Time per Response: 19
hours per response.
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Estimated Total Annual Burden
Hours: 3,800.
Title: Annual Registration Statement
Identifying Separated Participants With
Deferred Vested Benefits.
OMB Control Number: 1545–2187.
Type of Review: Extension without
change of a currently approved
collection.
Description: In 2007, the Department
of Labor (DOL) published a final rule
requiring plans subject to the annual
reporting requirements of Title I of
Employee Retirement Income Security
Act (ERISA) to electronically file the
Form 5500, Annual Return/Report of
Employee Benefit. In order to
accommodate the DOL’s mandate for
electronic filing of the Form 5500 series,
Schedule (SSA) has been eliminated
and replaced with Form 8955–SSA. The
information provided by plan sponsors
on Form 8955–SSA will be transmitted
to the Social Security Administration
(SSA) who will provide it to separated
participants when those participants file
for social security benefits.
Form: 8955–SSA.
Affected Public: Businesses or other
for profits.
Estimated Number of Respondents:
200,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 200,000.
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Estimated Time per Response: .83
hours per response.
Estimated Total Annual Burden
Hours: 166,000.
Title: Form 14145—IRS Applicant
Contact Information.
OMB Control Number: 1545–2240.
Type of Review: Revision of a
currently approved collection.
Description: Form 14145, IRS
Applicant Contact Information, is used
by the IRS Recruitment Office 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.
Affected Public: Individuals or
Households.
Estimated Number of Respondents:
16,045.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 16,045.
Estimated Time per Response: .08
hours per response.
Estimated Total Annual Burden
Hours: 1,364.
Authority: 44 U.S.C. 3501 et seq.
Dated: June 17, 2019.
Jennifer P. Quintana,
Treasury PRA Clearance Officer.
[FR Doc. 2019–13348 Filed 6–21–19; 8:45 am]
BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 84, Number 121 (Monday, June 24, 2019)]
[Notices]
[Pages 29586-29589]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-13348]
-----------------------------------------------------------------------
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 July 24, 2019 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)
Title: Form 1099 MISC--Miscellaneous Income.
OMB Control Number: 1545-0115.
Type of Review: Revision of a currently approved collection.
Description: Form 1099-MISC is used by payers to report payments of
$600 or more of rent, prizes and awards, medical and health care
payments, nonemployee compensation, and crop insurance proceeds, $10 or
more of royalties, any amount of fishing boat proceeds, certain
substitute payments, golden parachute payments, and an indication of
direct sales of $5,000 or more.
Form: 1099-MISC.
Affected Public: Businesses or other for profits.
Estimated Number of Respondents: 99,447,800.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 99,447,800.
Estimated Time per Response: .31 hours per response.
Estimated Total Annual Burden Hours: 30,828,818.
Title: Taxable Distributions Received From Cooperatives.
OMB Control Number: 1545-0118.
Type of Review: Revision of a currently approved collection.
Description: Form 1099-PATR is used to report patronage dividends
paid by cooperatives (IRC sec. 6044). The information is used by IRS to
verify reporting compliance on the part of the recipient.
[[Page 29587]]
Form: 1099-PATR.
Affected Public: Businesses or other for profits.
Estimated Number of Respondents: 1,820,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 1,820,000.
Estimated Time per Response: .26 hours per response.
Estimated Total Annual Burden Hours: 473,201.
Title: Form 4136--Credit for Federal Tax Paid on Fuels.
OMB Control Number: 1545-0162.
Type of Review: Extension without change of a currently approved
collection.
Description: Internal Revenue Code section 34 allows a credit for
Federal excise tax for certain fuel uses. This form is used to figure
the amount of the income tax credit. The data is used to verify the
validity of the claim for the type of nontaxable or exempt use.
Form: 4136.
Affected Public: Businesses or other for-profits.
Estimated Number of Respondents: 2,441,858.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 2,441,858.
Estimated Time per Response: 1.69 hours per response.
Estimated Total Annual Burden Hours: 4,122,076.
Title: Form 4972--Tax on Lump-Sum Distributions (From Qualified
Retirement Plans of Plan Participants Born Before 1936).
OMB Control Number: 1545-0193.
Type of Review: Extension without change of a currently approved
collection.
Description: IRC Section 402(e) allows taxpayers to compute a
separate tax on a lump sum distribution from a qualified retirement
plan. Form 4972 is used to correctly figure that tax. The data is used
to verify the correctness of the separate tax. Form 4972 is also used
to make the special 20% capital gain election attributable to pre-1974
participation from the lump-sum distribution.
Form: 4972.
Affected Public: Businesses or other for profits.
Estimated Number of Respondents: 17,720.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 17,720.
Estimated Time per Response: 4.40 hours per response.
Estimated Total Annual Burden Hours: 77,968.
Title: Form 7004--Application for Automatic Extension of Time To
File Certain Business Income Tax, Information, and Other Returns.
OMB Control Number: 1545-0233.
Type of Review: Extension without change of a currently approved
collection.
Description: Form 7004 is used by corporations and certain non-
profit institutions to request an automatic 6-month extension of time
to file their income tax returns. The information is needed by IRS to
determine whether Form 7004 was timely filed so as not to impose a late
filing penalty in error and also to insure that the proper amount of
tax was computed and deposited.
Form: 7004.
Affected Public: Businesses or other for-profits.
Estimated Number of Respondents: 6,537,500.
Frequency of Response: On Occasion.
Estimated Total Number of Annual Responses: 6,537,500.
Estimated Time per Response: 6.78 hours per response.
Estimated Total Annual Burden Hours: 44,324,250.
Title: At-Risk Limitations.
OMB Control Number: 1545-0712.
Type of Review: Extension without change of a currently approved
collection.
Description: IRC section 465 requires taxpayers to limit their at-
risk loss to the lesser of the loss or their amount at risk. Form 6198
is used by taxpayers to determine their deductible loss and by IRS to
verify the amount deducted.
Form: 6198.
Affected Public: Businesses or other for-profits.
Estimated Number of Respondents: 230,332.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 230,332.
Estimated Time per Response: 3.97 hours per response.
Estimated Total Annual Burden Hours: 914,419.
Title: Low-Income Housing Credit
OMB Control Number: 1545-0984.
Type of Review: Revision of a currently approved collection.
Description: The Tax Reform Act of 1986 (Code section 42) permits
owners of residential rental projects providing low-income housing to
claim a credit against income tax for part of the cost of constructing
or rehabilitating such low-income housing. Form 8586 is used by
taxpayers to compute the credit and by IRS to verify that the correct
credit has been claimed.
Form: 8586.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 779
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 779
Estimated Time per Response: 8.8 hours per response.
Estimated Total Annual Burden Hours: 6,855.
Title: TD 8611, Conduit Arrangements Regulations--Final (INTL-64-
93).
OMB Control Number: 1545-1440.
Type of Review: Extension without change of a currently approved
collection.
Description: This document contains regulations relating to when
the area director may recharacterize a financing arrangement as a
conduit arrangement. Such recharacterization will affect the amount of
withholding tax due on financing transactions that are part of the
financing arrangement. These regulations will affect withholding agents
and foreign investors.
Form: None.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 1,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 1,000.
Estimated Time per Response: 10 hours per response.
Estimated Total Annual Burden Hours: 10,000.
Title: Commercial Revitalization Deduction.
OMB Control Number: 1545-1818.
Type of Review: Extension without change of a currently approved
collection.
Description: Pursuant to Sec. 1400I of the Internal Revenue Code,
this procedure provides the time and manner for states to make
allocations of commercial revitalization expenditures to a new or
substantially rehabilitated building that is placed in service in a
renewal community.
Form: None.
Affected Public: State, Local, and Tribal Governments.
Estimated Number of Respondents: 80.
Frequency of Response: On Occasion.
Estimated Total Number of Annual Responses: 80.
Estimated Time per Response: 2.5 hours per response.
Estimated Total Annual Burden Hours: 200.
Title: Revenue Procedure 2003-39, Section 1031 LKE (Like-Kind
Exchanges) Auto Leasing Programs.
[[Page 29588]]
OMB Control Number: 1545-1834.
Type of Review: Extension without change of a currently approved
collection.
Description: Revenue Procedure 2003-39 provides safe harbors for
certain aspects of the qualification under Sec. 1031 of certain
exchanges of property pursuant to LKE Programs for federal income tax
purposes.
Form: None.
Affected Public: Businesses or other for profits.
Estimated Number of Respondents: 8,600.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 8,600.
Estimated Time per Response: 1 hour per response.
Estimated Total Annual Burden Hours: 8,600.
Title: Supplemental Income and Loss.
OMB Control Number: 1545-1972.
Type of Review: Extension without change of a currently approved
collection.
Description: Filers of Form 1040 use Schedule E to report income
from rental real estate, royalties, partnerships, S corporations,
estates, trusts, and residual interests in real estate mortgage
investment conduits (REMICs).
Form: 1040 Sch. E.
Affected Public: Businesses or other for profits.
Estimated Number of Respondents: 570,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 570,000.
Estimated Time per Response: 9.94 hours per response.
Estimated Total Annual Burden Hours: 5,665,800.
Title: Schedule F (Form 1040)--Profit or Loss From Farming.
OMB Control Number: 1545-1975.
Type of Review: Extension without change of a currently approved
collection.
Description: Schedule F (Form 1040) is used by individuals to
report their farming income, expenses and self-employment taxes derived
from this income. The data is used to verify that the items reported on
the form is correct.
Form: 1040 sch. F.
Affected Public: Businesses or other for-profits.
Estimated Number of Respondents: 26,546.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 26,546.
Estimated Time per Response: 19 hours per response.
Estimated Total Annual Burden Hours: 504,374.
Title: Domestic Production Activities Deduction.
OMB Control Number: 1545-1984.
Type of Review: Revision of a currently approved collection.
Description: Section 102 of the American Jobs Creation Act of 2004
(section 199 of the Internal Revenue Code), created a domestic
production activities deduction for tax years beginning after December
31, 2004. Taxpayers will use the Form 8903 and related instructions to
calculate the deduction. The Form 8903 will be filed by corporations,
individuals, partners (including partners of electing large
partnerships), S corporation shareholders, beneficiaries of estates and
trusts, cooperatives, and patrons of cooperatives.
Form: 8903.
Affected Public: Businesses or other for profits.
Estimated Number of Respondents: 30,000.
Frequency of Response: On Occasion.
Estimated Total Number of Annual Responses: 30,000.
Estimated Time per Response: 24.66 hours per response.
Estimated Total Annual Burden Hours: 739,800.
Title: Form 8910--Alternative Motor Vehicle Credit.
OMB Control Number: 1545-1998.
Type of Review: Extension without change of a currently approved
collection.
Description: Taxpayers will file Form 8910 to claim the credit for
certain alternative motor vehicles placed in service after 2005.
Form: 8910.
Affected Public: Businesses or other for profits.
Estimated Number of Respondents: 3,333.
Frequency of Response: On Occasion.
Estimated Total Number of Annual Responses: 3,333.
Estimated Time per Response: 5.93 hours per response.
Estimated Total Annual Burden Hours: 19,764.
Title: Form 8038-CP, Return for Credit Payments to Issuers of
Qualified Bonds.
OMB Control Number: 1545-2142.
Type of Review: Extension without change of a currently approved
collection.
Description: Form 8038-CP, Return for Credit Payments to Issuers of
Qualified Bonds, will be used to make direct payments to State and
local governments. The American Recovery and Reinvestment Act of 2009,
Public Law 111-5, provides State and local governments with the option
of issuing a tax credit bond instead of a tax-exempt governmental
obligation bond. The bill gives State and local governments the option
to receive a direct payment from the Federal government equal to a
subsidy that would have been received through the Federal tax credit
for bonds.
Form: 8038-CP.
Affected Public: State, Local, and Tribal Governments.
Estimated Number of Respondents: 20,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 20,000.
Estimated Time per Response: 12.33 hours per response.
Estimated Total Annual Burden Hours: 246,600.
Title: Notice 2009-52, Election of Investment Tax Credit in Lieu of
Production Tax Credit; Coordination with Department of Treasury Grants
for Specified Energy Property in Lieu of Tax Credits.
OMB Control Number: 1545-2145.
Type of Review: Extension without change of a currently approved
collection.
Description: The notice provides a description of the procedures
that taxpayers will be required to follow to make an irrevocable
election to take the investment tax credit for energy property under
section 48 of the Internal Revenue Code in lieu of the production tax
credit under section 45 of the Internal Revenue Code.
Form: None.
Affected Public: Businesses or other for profits.
Estimated Number of Respondents: 100.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 100.
Estimated Time per Response: 1 hours per response.
Estimated Total Annual Burden Hours: 100.
Title: Notice of Medical Necessity Criteria under the Mental Health
Parity and Addiction Equity Act of 2008.
OMB Control Number: 1545-2165.
Type of Review: Revision of a currently approved collection.
Description: Section 9812 of the Code requires group health plans
maintained by an employer with more than 50 employees to disclose upon
request to participants and beneficiaries of the plan the medical
necessity criteria used in making decisions regarding claims for
benefits under the plan.
Form: None.
[[Page 29589]]
Affected Public: Businesses or other for profits.
Estimated Number of Respondents: 1,217,875.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 1,217,875.
Estimated Time per Response: 3 hours per response.
Estimated Total Annual Burden Hours: 27,206.
Title: Form 5316, Application for Group or Pooled Trust Ruling.
OMB Control Number: 1545-2166.
Type of Review: Extension without change of a currently approved
collection.
Description: Group/pooled trust sponsors file this form to request
a determination letter from the IRS for a determination that the trust
is a group trust arrangement as described in Rev. Rul. 81-100, 1981-1
C.B. 326 as modified and clarified by Rev. Rul. 2004-67, 2004-28 I.R.B.
Form: 5316.
Affected Public: Businesses or other for profits.
Estimated Number of Respondents: 200.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 200.
Estimated Time per Response: 19 hours per response.
Estimated Total Annual Burden Hours: 3,800.
Title: Annual Registration Statement Identifying Separated
Participants With Deferred Vested Benefits.
OMB Control Number: 1545-2187.
Type of Review: Extension without change of a currently approved
collection.
Description: In 2007, the Department of Labor (DOL) published a
final rule requiring plans subject to the annual reporting requirements
of Title I of Employee Retirement Income Security Act (ERISA) to
electronically file the Form 5500, Annual Return/Report of Employee
Benefit. In order to accommodate the DOL's mandate for electronic
filing of the Form 5500 series, Schedule (SSA) has been eliminated and
replaced with Form 8955-SSA. The information provided by plan sponsors
on Form 8955-SSA will be transmitted to the Social Security
Administration (SSA) who will provide it to separated participants when
those participants file for social security benefits.
Form: 8955-SSA.
Affected Public: Businesses or other for profits.
Estimated Number of Respondents: 200,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 200,000.
Estimated Time per Response: .83 hours per response.
Estimated Total Annual Burden Hours: 166,000.
Title: Form 14145--IRS Applicant Contact Information.
OMB Control Number: 1545-2240.
Type of Review: Revision of a currently approved collection.
Description: Form 14145, IRS Applicant Contact Information, is used
by the IRS Recruitment Office 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.
Affected Public: Individuals or Households.
Estimated Number of Respondents: 16,045.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 16,045.
Estimated Time per Response: .08 hours per response.
Estimated Total Annual Burden Hours: 1,364.
Authority: 44 U.S.C. 3501 et seq.
Dated: June 17, 2019.
Jennifer P. Quintana,
Treasury PRA Clearance Officer.
[FR Doc. 2019-13348 Filed 6-21-19; 8:45 am]
BILLING CODE 4830-01-P
