Proposed Information Collection; Comment Request, 37009-37011 [2019-16057]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 84, Number 146 (Tuesday, July 30, 2019)]
[Notices]
[Pages 37009-37011]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16057]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Information Collection; Comment Request

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: 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 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995.

DATES: Written comments should be received on or before September 30, 
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. Please send separate comments for each specific information 
collection listed below. You must reference the information 
collection's title, form number, reporting or record-keeping 
requirement number, and OMB number (if any) in your comment.

FOR FURTHER INFORMATION CONTACT: Requests for additional information, 
or copies of the information collection and instructions, or copies of 
any comments received, contact Elaine Christophe, at (202) 317-5745, at 
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, 
Washington, DC 20224, or through the internet, at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in our request for Office of 
Management and Budget (OMB) approval of the relevant information 
collection. All comments will become a matter of public record. Please 
do not include any confidential or inappropriate material in your 
comments. We invite comments on: (a) Whether the collection of 
information is necessary for the proper performance of the agency's 
functions, including whether the information has 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 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 the 
requested information.
    The IRS is seeking comments concerning the following forms, and 
reporting and record-keeping requirements:
    1. Title: U.S. Departing Alien Income Tax Statement.
    OMB Number: 1545-0138.
    Form Number: 2063.
    Abstract: Form 2063 is used by a departing resident alien against 
whom a termination assessment has not been made, or a departing 
nonresident alien who has no taxable income from United States sources, 
to certify that they have

[[Page 37010]]

satisfied all U.S. income tax obligations. The data is used by the IRS 
to certify that departing aliens have complied with U.S. income tax 
laws.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Responses: 20,540.
    Estimated Time per Response: 50 minutes.
    Estimated Total Annual Burden Hours: 17,049.
    2. Title: Amortization of Reforestation Expenditures.
    OMB Number: 1545-0735.
    Regulation: TD 7927.
    Abstract: Internal Revenue Code section 194 allows taxpayers to 
elect to amortize certain reforestation expenditures over a 7-year 
period if the expenditures meet certain requirements. The regulations 
implement this election provision and allow the IRS to determine if the 
election is proper and allowable.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business, or other for-
profit organizations, and farms.
    Estimated Number of Respondents: 12,000.
    Estimated Time per Respondent: 30 minutes.
    Estimated Total Annual Burden Hours: 6,001.
    3. Title: Creditability of Foreign Taxes.
    OMB Number: 1545-0746.
    Regulation Project Number: LR-100-78.
    Abstract: Section 1.901-2A of the regulation contains special rules 
that apply to taxpayers engaging in business transactions with a 
foreign government that is also taxing them. In general, such taxpayers 
must establish what portion of a payment made pursuant to a foreign 
levy is actually tax and not compensation for an economic benefit 
received from the foreign government. One way a taxpayer can do this is 
by electing to apply the safe harbor formula of section 1.901-2A by 
filing a statement with the IRS.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, and business or other 
for-profit organizations.
    Estimated Number of Respondents: 120.
    Estimated Time per Respondent: 20 minutes.
    Estimated Total Annual Burden Hours: 41.
    4. Title: Limitation on Reduction in Income Tax Liability Incurred 
to the Virgin Islands.
    OMB Number: 1545-0782.
    Regulation Project Number: TD 6629.
    Abstract: Internal Revenue Code section 934(a)(1954 code) provides 
that the tax liability incurred to the Virgin Islands shall not be 
reduced except to the extent provided in Code section 934(b) and (c). 
Taxpayers applying for tax rebates or subsidies under section 934 of 
the 1954 Code must provide certain information in order to obtain these 
benefits.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of currently approved collection.
    Affected Public: Individuals or households and business or other 
for-profit organizations.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent/Reporting: 12 minutes.
    Estimated Time per Respondent/Record-Keeping: 10 minutes.
    Estimated Total Annual Reporting Burden Hours: 100.
    Estimated Total Annual Record-keeping Burden Hours: 85.
    5. Title: Interest Charge on DISC-Related Deferred Tax Liability.
    OMB Number: 1545-0939.
    Form Number: 8404.
    Abstract: Shareholders of Interest Charge Domestic International 
Sales Corporations (IC-DISCs) use Form 8404 to figure and report an 
interest charge on their DISC-related deferred tax liability. The 
interest charge is required by Internal Revenue Code section 995(f). 
IRS uses Form 8404 to determine whether the shareholder has correctly 
figured and paid the interest charge on a timely basis.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations and 
individuals.
    Estimated Number of Responses: 200.
    Estimated Time per Response: 7 hrs., 47 min.
    Estimated Total Annual Burden Hours: 1,558.
    6. Title: Chemicals That Deplete the Ozone Layer.
    OMB Number: 1545-1361.
    Regulation Project Number: TD 8662.
    Abstract: These regulations impose reporting and recordkeeping 
requirements necessary to implement Internal Revenue Code sections 4681 
and 4682 relating to the tax on chemicals that deplete the ozone layer 
and on products containing such chemicals. The regulation affects 
manufacturers and importers of ozone-depleting chemicals, manufacturers 
of rigid foam insulation, and importers of products containing or 
manufactured with ozone-depleting chemicals manufacture, import, 
export, sell, or use ODCs. In addition, the regulation affects persons, 
other than manufacturers and importers of ozone-depleting chemicals, 
holding such chemicals for sale or for use in further manufacture on 
January 1, 1990, and on subsequent tax-increase dates. This regulation 
provides reporting and recordkeeping rules relating to taxes imposed on 
exports of ozone-depleting chemicals (ODCs), taxes imposed on ODCs used 
as medical sterilant or propellants in metered-dose inhalers, and floor 
stocks taxes on ODCs. The rules affect persons, other than 
manufacturers and importers of ozone-depleting chemicals, holding such 
chemicals for sale or for use in further manufacture on January 1, 
1990, and on subsequent tax-increase dates.
    This regulation provides reporting and recordkeeping rules relating 
to taxes imposed on exports of ozone-depleting chemicals (ODCs), taxes 
imposed on ODCs used as medical sterilants or propellants in metered-
dose inhalers, and floor stocks taxes on ODCs. The rules affect persons 
who
    Current Actions: There is no change to this existing regulation.
    Type of Review: Revision of a currently approved collection.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 150,350.
    Estimated Time per Respondent: 30 minutes.
    Estimated Total Annual Reporting Burden Hours: 75,265.
    7. Title: Stock Transfer Rules: Carryover of Earnings and Taxes.
    OMB Number: 1545-1711.
    Regulation Project Number: REG-116050-99.
    Abstract: This document contains final regulations addressing the 
carryover of certain tax attributes, such as earnings and profits and 
foreign income tax accounts, when two corporations combine in a 
corporate reorganization or liquidation that is described in both 
section 367(b) and section 381 of the Internal Revenue Code (Code).The 
final regulations relate

[[Page 37011]]

to the carryover of certain tax attributes, such as earnings and 
profits and foreign income tax accounts, when two corporations combine 
in a section 367(b) transaction.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 600.
    Estimated Time per Respondent: 3 hours.
    Estimated Total Annual Burden Hours: 1,800.
    8. Title: Tip Rate Determination Agreement (TRDA) for industries 
other than the food and beverage industry and the gaming industry.
    OMB Number: 1545-1717.
    Form Number: N/A.
    Abstract: Announcement 2000-20, 2000-19 I.R.B. 977, and 
Announcement 2001-1, #2001-2 I.R.B. p.277 contain information required 
by the Internal Revenue Service in its tax compliance efforts to assist 
employers and their employees in understanding and complying with 
Internal Revenue Code section 6053(a), which requires employees to 
report all their tips monthly to their employers. The Internal Revenue 
Service is expanding its Tip Rate Determination/Education Program (TRD/
EP), which is designed to enhance tax compliance among tipped employees 
through taxpayer education and voluntary advance agreements instead of 
traditional audit techniques.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 100.
    Estimated Time per Respondent: 18 hours, 58 minutes.
    Estimated Total Annual Burden Hours: 1,897.
    9. Title: Employment Tax Adjustments; and Rules Relating to 
Additional Medicare Tax.
    OMB Number: 1545-2097.
    Regulation: REG-111583-07 [T.D. 9405(final)] and REG-130074-11.
    Abstract: This document contains final regulations relating to 
employment tax adjustments and employment tax refund claims. These 
regulations modify the process for making interest-free adjustments for 
both underpayments and overpayments of Federal Insurance Contributions 
Act (FICA) and Railroad Retirement Tax Act (RRTA) taxes and federal 
income tax withholding (ITW) under sections 6205(a) and 6413(a), 
respectively, of the Internal Revenue Code (Code).
    Current Actions: There is a no in the paperwork burden previously 
approved by OMB. This form is being submitted for renewal purposes 
only.
    Type of Review: Extension of a previously approved collection.
    Affected Public: Businesses and other for-profit organizations.
    Estimated Number of Respondents: 3,400,000.
    Estimated Time per Respondent: 4 hours and 58 minutes.
    Estimated Total Annual Burden Hours: 16,900,000.
    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.

    Approved: July 24, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019-16057 Filed 7-29-19; 8:45 am]
BILLING CODE 4830-01-P