Proposed Collection; Comment Request for Dividend Equivalents From Sources Within the United States (TD 9734), Forms 1042, 1042-S, and 1042-T, 37952-37953 [2019-16464]

Download as PDF jbell on DSK3GLQ082PROD with NOTICES 37952 Federal Register / Vol. 84, No. 149 / Friday, August 2, 2019 / Notices (short and long term)? What are the most significant factors that impact costbenefit analysis? 4. How can port stakeholders, including port equipment and infrastructure suppliers, manufacturers, and maintainers, better support ports’ automation efforts and strategies to implement other autonomous/ automated vehicles, trains, vessels, infrastructure, and equipment? 5. How could further integration of autonomous/automated systems and transport impact freight flows and/or supply chains both domestically and globally? 6. What societal benefits if any, could be expected to result from the adoption of these technologies (e.g., environmental, safety, efficiency, or noise reduction)? What societal disadvantages could occur? 7. Are there best practices from implementing past or current projects? Are there current anticipated projects and initiatives that could benefit from further monitoring or support? If so, what are the needs? 8. What are the infrastructure needs for effectively, safely, and securely implementing these automation technologies? MARAD is particularly interested in expected or anticipated infrastructure needs, including data infrastructure, to accommodate the various components (i.e., vehicles, trains, vessels, infrastructure, and equipment) working together at ports for the multi-modal transfer of freight. What concerns do industry stakeholders have regarding infrastructure planning and investment, including funding, finance and revenue impacts, required for new automation technologies and how could additional research help address those concerns? 9. What is the potential impact of the adoption of these automation technologies on the existing port industry workforce? MARAD is interested in how automated technologies may affect workforce needs, including current and future port employment demands, and employee skills and training requirements. 10. What further research related to autonomous/automated transportation activities is needed to maximize U.S. port capacity and efficiency? 11. What challenges are known or anticipated in implementing these types of technologies, including technological obstacles? How should the port industry anticipate addressing these challenges, and what efforts are currently underway to address them? 12. What are the regulatory or statutory challenges that must be addressed before autonomous vehicles, VerDate Sep<11>2014 18:02 Aug 01, 2019 Jkt 247001 trains, vessels, and equipment can be made part of port operations in the United States? 13. Are there current regulations and/ or safety standards that impede the development and and/or implementation of automated transportation systems or technologies in the port industry, including the development and/or implementation of autonomous vehicles, trains, vessels, infrastructure, and equipment? If so, what are they and how should they be addressed? 14. Is there safety, performance, or other data relevant to the development and integration of automated port systems and technologies that currently exists that could be voluntarily exchanged to support the development of future voluntary standards? Public Participation How do I submit comments? Please submit your comments, including any attachments, following the instructions provided under the above heading entitled ADDRESSES. Be advised that it may take a few hours or even days for your comment to be reflected on the docket. In addition, your comments must be written in English. We encourage you to provide concise comments. You may attach additional documents as necessary. There is no limit on the length of the attachments. Please note that even after the comment period has closed, MARAD will continue to file relevant information in the Docket as it becomes available. Where do I go to read public comments, and find supporting information? Go to the docket online at http:// www.regulations.gov., keyword search MARAD–2019–0121 or visit us in person at the Docket Management Facility (see ADDRESSES for hours of operation). We recommend that you periodically check the Docket for new submissions and supporting material. Will my comments be made available to the public? Yes. Be aware that your entire comment, including your personal identifying information, will be made publicly available. May I submit comments confidentially? If you wish to submit comments under a claim of confidentiality, you should submit three copies of your complete submission, including the information you claim to be confidential business information, to the Department of Transportation, Maritime PO 00000 Frm 00128 Fmt 4703 Sfmt 4703 Administration, Office of Legislation and Regulations, MAR–225, W24–220, 1200 New Jersey Avenue SE, Washington, DC 20590. Include a cover letter setting forth with specificity the basis for any such claim and, if possible, a summary of your submission that can be made available to the public. Privacy Act In accordance with 5 U.S.C. 553(c), DOT/MARAD solicits comments from the public to better inform its rulemaking process. DOT/MARAD posts these comments, without edit, to www.regulations.gov, as described in the system of records notice, DOT/ALL– 14 FDMS, accessible through www.transportation.gov/privacy. To facilitate comment tracking and response, we encourage commenters to provide their name, or the name of their organization; however, submission of names is completely optional. Whether or not commenters identify themselves, all timely comments will be fully considered. If you wish to provide comments containing proprietary or confidential information, please contact the agency for alternate submission instructions. (Authority: 49 CFR Sections 1.92 and 1.93) * * * * * Dated: July 30, 2019. By Order of the Maritime Administrator. T. Mitchell Hudson, Jr., Secretary, Maritime Administration. [FR Doc. 2019–16595 Filed 8–1–19; 8:45 am] BILLING CODE 4910–81–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Dividend Equivalents From Sources Within the United States (TD 9734), Forms 1042, 1042–S, and 1042–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 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 dividend equivalents from sources within the SUMMARY: E:\FR\FM\02AUN1.SGM 02AUN1 37953 Federal Register / Vol. 84, No. 149 / Friday, August 2, 2019 / Notices United States, Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, Form 1042– S, Foreign Person’s U.S. Source Income Subject to Withholding, and Form 1042–T, Annual Summary and Transmittal of Forms 1042–S. DATES: Written comments should be received on or before October 1, 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 (202) 317–6009, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at Lanita.VanDyke@irs.gov. SUPPLEMENTARY INFORMATION: Title: TD 9374 (Final)/Dividend Equivalents from Sources within the United States, Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, Form 1042– S, Foreign Person’s U.S. Source Income Subject to Withholding, and Form 1042–T, Annual Summary and Transmittal of Forms 1042–T. OMB Number: 1545–0096. Form Numbers: 1042, 1042–S, and 1042–T. Abstract: The regulations pertain to section 871(m) regarding dividend equivalent payments that are treated as U.S. source income. These regulations provide guidance regarding when payments made pursuant to certain financial instruments will be treated as U.S.-source income and subject to U.S. withholding tax. The information provided is necessary to permit withholding agents to determine whether U.S. withholding tax is due with respect to a payment of a dividend equivalent and the amount of the tax. The information will also be used for audit and examination purposes. Form 1042 is used by withholding agents to report tax withheld at source on payment of certain income paid to nonresident alien individuals, foreign partnerships, or foreign corporations. The IRS uses this information to verify that the correct amount of tax has been withheld and paid to the United States. Form 1042–S is used to report certain income and tax withheld information to nonresident alien payees and beneficial owners. Form 1042–T is used by withholding agents to transmit Forms 1042–S to the IRS. Current Actions: There are changes to the burden previously approved by OMB. There are no changes to the collection however the estimates are being updated to eliminate double counting associated with the business collection. Type of Review: Revision of a currently approved collection. Affected Public: Business or other for profit organizations and individuals or households. The burden estimate is as follows: jbell on DSK3GLQ082PROD with NOTICES Number of responses Time per response Total annual burden hours Form 1042 ................................................................................................................................... Form 1042–S ............................................................................................................................... Form 1042–T ............................................................................................................................... TD 9374 ....................................................................................................................................... 3,640 352,530 1,950 3,000 18.05 .58 .2 8 65,702 204,467 390 24,000 Total ...................................................................................................................................... 361,120 ........................ 294,559 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 VerDate Sep<11>2014 18:02 Aug 01, 2019 Jkt 247001 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: July 29, 2019. Laurie Brimmer, Senior Tax Analyst. ACTION: Notice. The Department of Veterans Affairs, 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. SUMMARY: Written comments and recommendations on the proposed collection of information should be received on or before October 1, 2019. DATES: [FR Doc. 2019–16464 Filed 8–1–19; 8:45 am] BILLING CODE 4830–01–P Submit written comments on the collection of information through Federal Docket Management System (FDMS) at www.Regulations.gov or to Michael Jacobsen, Veterans Experience Office, Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC 20420 or email to michael.jacobsen2@va.gov. Please refer to ‘‘Clearance for A–11 Section 280 Improving Customer Experience Information Collection’’ in any correspondence. During the comment ADDRESSES: DEPARTMENT OF VETERANS AFFAIRS [New Collection] Agency Information Collection Activity: Clearance for A–11 Section 280 Improving Customer Experience Information Collection Veterans Experience Office, Department of Veterans Affairs. AGENCY: PO 00000 Frm 00129 Fmt 4703 Sfmt 4703 E:\FR\FM\02AUN1.SGM 02AUN1

Agencies

[Federal Register Volume 84, Number 149 (Friday, August 2, 2019)]
[Notices]
[Pages 37952-37953]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16464]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Dividend Equivalents 
From Sources Within the United States (TD 9734), Forms 1042, 1042-S, 
and 1042-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 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 dividend equivalents from sources within the

[[Page 37953]]

United States, Form 1042, Annual Withholding Tax Return for U.S. Source 
Income of Foreign Persons, Form 1042-S, Foreign Person's U.S. Source 
Income Subject to Withholding, and Form 1042-T, Annual Summary and 
Transmittal of Forms 1042-S.

DATES: Written comments should be received on or before October 1, 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 (202) 317-6009, Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: TD 9374 (Final)/Dividend Equivalents from Sources within the 
United States, Form 1042, Annual Withholding Tax Return for U.S. Source 
Income of Foreign Persons, Form 1042-S, Foreign Person's U.S. Source 
Income Subject to Withholding, and Form 1042-T, Annual Summary and 
Transmittal of Forms 1042-T.
    OMB Number: 1545-0096.
    Form Numbers: 1042, 1042-S, and 1042-T.
    Abstract: The regulations pertain to section 871(m) regarding 
dividend equivalent payments that are treated as U.S. source income. 
These regulations provide guidance regarding when payments made 
pursuant to certain financial instruments will be treated as U.S.-
source income and subject to U.S. withholding tax. The information 
provided is necessary to permit withholding agents to determine whether 
U.S. withholding tax is due with respect to a payment of a dividend 
equivalent and the amount of the tax. The information will also be used 
for audit and examination purposes. Form 1042 is used by withholding 
agents to report tax withheld at source on payment of certain income 
paid to nonresident alien individuals, foreign partnerships, or foreign 
corporations. The IRS uses this information to verify that the correct 
amount of tax has been withheld and paid to the United States. Form 
1042-S is used to report certain income and tax withheld information to 
nonresident alien payees and beneficial owners. Form 1042-T is used by 
withholding agents to transmit Forms 1042-S to the IRS.
    Current Actions: There are changes to the burden previously 
approved by OMB. There are no changes to the collection however the 
estimates are being updated to eliminate double counting associated 
with the business collection.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for profit organizations and 
individuals or households.
    The burden estimate is as follows:

 
----------------------------------------------------------------------------------------------------------------
                                                                     Number of       Time per      Total annual
                                                                     responses       response      burden hours
----------------------------------------------------------------------------------------------------------------
Form 1042.......................................................           3,640           18.05          65,702
Form 1042-S.....................................................         352,530             .58         204,467
Form 1042-T.....................................................           1,950              .2             390
TD 9374.........................................................           3,000               8          24,000
                                                                 -----------------------------------------------
    Total.......................................................         361,120  ..............         294,559
----------------------------------------------------------------------------------------------------------------

    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: July 29, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019-16464 Filed 8-1-19; 8:45 am]
 BILLING CODE 4830-01-P