Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service Information Collection Requests, 75414-75418 [2020-26099]

Agencies

• DEPARTMENT OF THE TREASURY

[Federal Register Volume 85, Number 228 (Wednesday, November 25, 2020)]
[Notices]
[Pages 75414-75418]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-26099]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Multiple Internal Revenue Service Information 
Collection Requests

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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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 December 28, 2020 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Molly Stasko by emailing [email protected], calling (202) 
622-8922, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    1. Title: Investment Interest Expense Deduction.
    OMB Control Number: 1545-0191.
    Type of Review: Extension of a currently approved collection.
    Description: Interest expense paid by an individual, estate, or 
trust on a loan allocable to property held for investment may not be 
fully deductible in the current year. Form 4952 is used to compute the 
amount of investment interest expense deductible for the current year 
and the amount, if any, to carry forward to future years.
    Form: IRS Form 4952.
    Affected Public: Individuals or Households; and Businesses or other 
for-profit organizations.
    Estimated Number of Respondents: 734,263.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 734,263.
    Estimated Time per Response: 1 hour, 30 minutes.
    Estimated Total Annual Burden Hours: 1,101,395 hours.
    2. Title: Application for Award for Original Information.
    OMB Control Number: 1545-0409.
    Type of Review: Extension of a currently approved collection.
    Description: Form 211 is the official application form used by 
persons requesting rewards for submitting information concerning 
alleged violations of the tax laws by other persons. Such rewards are 
authorized by Internal Revenue Code Section 7623. The data is used to 
determine and pay rewards to those persons who voluntarily submit 
information.
    Form: IRS Form 211.
    Affected Public: Individuals or Households.
    Estimated Number of Respondents: 15,000.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 15,000.
    Estimated Time per Response: 45 minutes.
    Estimated Total Annual Burden Hours: 11,250 hours.
    3. Title: Proceeds From Broker and Barter Exchange Transactions.
    OMB Control Number: 1545-0715.

[[Page 75415]]

    Type of Review: Extension of a currently approved collection.
    Description: Internal Revenue Code section 6045 requires the filing 
of an information return by brokers to report the gross proceeds from 
transactions and by barter exchanges to report exchanges of property or 
services. Form 1099-B is used to report proceeds from these 
transactions to the Internal Revenue Service.
    Form: IRS Form 1099-B.
    Affected Public: Individuals or Households; and Businesses or other 
for-profit organizations.
    Estimated Number of Respondents: 1,434,809,803.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 1,434,809,803.
    Estimated Time per Response: 47 minutes.
    Estimated Total Annual Burden Hours: 674,360,608 hours.
    4. Title: Certain Elections Under the Technical and Miscellaneous 
Revenue Act of 1988 and the Redesignation of Certain Other Temporary 
Elections Regulations.
    OMB Control Number: 1545-1112.
    Type of Review: Extension of a currently approved collection.
    Description: Regulation section 301.9100-8 provides final income, 
estate and gift, and employment tax regulations relating to elections 
made under the Technical and Miscellaneous Revenue Act of 1988. This 
regulation enables taxpayers to take advantage of various benefits 
provided by the Internal Revenue Code.
    Regulation Project Number: TD 8435.
    Affected Public: Individuals or Households; Businesses or other 
for-profit organizations; Not-for-profit institutions; and State, 
Local, or Tribal Governments.
    Estimated Number of Respondents: 21,740.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 21,740.
    Estimated Time per Response: 17 minutes.
    Estimated Total Annual Burden Hours: 6,010 hours.
    5. Title: Disabled Access Credit.
    OMB Control Number: 1545-1205.
    Type of Review: Extension of a currently approved collection.
    Description: Internal Revenue Code section 44 allows eligible small 
businesses to claim a credit of 50% of the eligible access expenditures 
that exceeds $250 but do not exceed $10,000. Form 8826, Disabled Access 
Credit, is used by eligible small businesses to claim the 50 percent 
credit eligible access expenditures to comply with the requirements 
under the Americans with Disabilities Act of 1990. The credit is part 
of the general business credit. Form 8826 is used to figure the credit 
and the tax liability limit.
    Form: IRS Form 8826.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 17,422.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 17,422.
    Estimated Time per Response: 5 hours, 7 minutes.
    Estimated Total Annual Burden Hours: 89,027 hours.
    6. Title: Income, Gift and Estate Tax.
    OMB Control Number: 1545-1360.
    Type of Review: Extension of a currently approved collection.
    Description: This regulation concerns the availability of the gift 
and estate tax marital deduction when the donee spouse or the surviving 
spouse is not a United States citizen. The regulation provides guidance 
to individuals or fiduciaries: (1) For making a qualified domestic 
trust election on the estate tax return of a decedent whose surviving 
spouse is not a United States citizen in order that the estate may 
obtain the marital deduction, and (2) for filing the annual returns 
that such an election may require.
    Regulation Project Number: TD 8612.
    Affected Public: Individuals or Households.
    Estimated Number of Respondents: 2,300.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 2,300.
    Estimated Time per Response: 2 hours, 40 minutes.
    Estimated Total Annual Burden Hours: 6,150 hours.
    7. Title: Taxpayer Statement Regarding Refund.
    OMB Control Number: 1545-1384.
    Type of Review: Extension of a currently approved collection.
    Description: Form 3911 is used by taxpayers to notify the IRS that 
a tax refund previously claimed has not been received. The form is 
normally completed by the taxpayer as the result of an inquiry in which 
the taxpayer claims non-receipt, loss, theft, or destruction of a tax 
refund and IRS research shows that the refund has been issued. The 
information on the form is needed to clearly identify the refund to be 
traced.
    Form: IRS Form 3911.
    Affected Public: Individuals or Households; Businesses or other 
for-profit organizations; and Not-for-profit institutions.
    Estimated Number of Respondents: 200,000.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 200,000.
    Estimated Time per Response: 5 minutes.
    Estimated Total Annual Burden Hours: 16,600 hours.
    8. Title: Certain Transfers of Domestic Stock or Securities by U.S. 
Persons to Foreign Corporations.
    OMB Control Number: 1545-1478.
    Type of Review: Extension of a currently approved collection.
    Description: This regulation relates to certain transfers of stock 
or securities of domestic corporations pursuant to the corporate 
organization, reorganization, or liquidation provisions of the internal 
Revenue Code. Transfers of stock or securities by U.S. persons in tax-
free transactions are treated as taxable transactions when the acquirer 
is a foreign corporation, unless an exception applies under Code 
section 367(a). This regulation provides that no U.S. person will 
qualify for an exception unless the U.S. target company complies with 
certain reporting requirements.
    Regulation Project Number: TD 8702.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 100.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 100.
    Estimated Time per Response: 10 minutes.
    Estimated Total Annual Burden Hours: 1,000 hours.
    9. Title: New Technologies in Retirement Plans.
    OMB Control Number: 1545-1632.
    Type of Review: Extension of a currently approved collection.
    Description: Treasury Decision 8873 contains amendments to the 
regulations governing certain notices and consents required in 
connection with distributions from retirement plans. Specifically, 
these regulations set forth applicable standards for the transmission 
of those notices and consents through electronic media and modify the 
timing requirements for providing certain distribution-related notices. 
The regulations provide guidance to plan sponsors and administrators by 
interpreting the notice and consent requirements in the context of the 
electronic administration of retirement plans. The regulations affect 
retirement plan sponsors, administrators, and participants.
    On March 13, 2020, the President of the United States issued an 
emergency declaration under the Robert T. Stafford

[[Page 75416]]

Disaster Relief and Emergency Assistance Act in response to the ongoing 
Coronavirus Disease 2019 (COVID-19) pandemic, beginning March 1, 2020 
(COVID-19 Emergency). In response to this unprecedented public health 
emergency, and the related social distancing that has been implemented, 
Notice 2020-42 provides temporary relief from the physical presence 
requirement in Sec.  1.401(a)-21(d)(6) of the Income Tax Regulations 
for participant elections required to be witnessed by a plan 
representative or a notary public, such as a spousal consent required 
under Sec.  417 of the Internal Revenue Code (the Code). While this 
temporary relief, which covers the period from January 1, 2020, through 
December 31, 2020, is intended to facilitate the use of coronavirus-
related distributions and plan loans to qualified individuals, as 
permitted by section 2202 of the Coronavirus Aid, Relief, and Economic 
Security Act, Public Law 116-136, 134 Stat. 281 (2020) (CARES Act), the 
temporary relief applies to any participant election that requires the 
signature of the individual making the election to be witnessed in the 
physical presence of a plan representative or notary.
    Regulation Project Number: TD 8873/Notice 2020-42.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 455,625.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 11,700,000.
    Estimated Time per Response: 2 minutes.
    Estimated Total Annual Burden Hours: 477,563 hours.
    10. Title: Disclosure of Returns and Return Information by Other 
Agencies.
    OMB Control Number: 1545-1757.
    Type of Review: Extension of a currently approved collection.
    Description: In general, under the regulations, the IRS is 
permitted to authorize agencies with access to returns and return 
information under section 6103 of the Internal Revenue Code to re-
disclose returns and return information based on a written request and 
the Commissioner's approval, to any authorized recipient set forth in 
Code section 6103, subject to the same conditions and restrictions, and 
for the same purposes, as if the recipient had received the information 
from the IRS directly.
    Regulation Project Number: TD 9036.
    Affected Public: Federal, State, Local or Tribal Governments.
    Estimated Number of Respondents: 11.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 11.
    Estimated Time per Response: 1 hour.
    Estimated Total Annual Burden Hours: 11 hours.
    11. Title: Application to Participate in the IRS Acceptance Agent 
Program.
    OMB Control Number: 1545-1896.
    Type of Review: Extension of a currently approved collection.
    Description: Form 13551 is used by all parsons who wish to 
participate in the TIN (Taxpayer Identification Number) Acceptance 
Agent Program must apply by completing this application. Acceptance 
Agents are individuals or entities (colleges, financial institutions, 
accounting firms, etc.) that have entered into formal agreements with 
IRS that permit them to assist alien individuals and other foreign 
persons with obtaining TINs.
    Form: IRS Form 13551.
    Affected Public: Businesses or other for-profit organizations; Not-
for-profit institutions, and Federal, State, Local or Tribal 
Governments.
    Estimated Number of Respondents: 4,422.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 4,422.
    Estimated Time per Response: 30 minutes.
    Estimated Total Annual Burden Hours: 2,211 hours.
    12. Title: Entry of Taxable Fuel.
    OMB Control Number: 1545-1897.
    Type of Review: Extension of a currently approved collection.
    Description: The regulation imposes joint and several liabilities 
on the importer of record for the tax imposed on the entry of taxable 
fuel into the U.S. and revises definition of ``enterer''.
    Regulation Project Number: TD 9346.
    Affected Public: Individuals or Households; Businesses or other 
for-profit organizations; Not-for-profit institutions; and Federal, 
State, Local, or Tribal Governments.
    Estimated Number of Respondents: 225.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 1,125.
    Estimated Time per Response: 0.25 hours.
    Estimated Total Annual Burden Hours: 281 hours.
    13. Title: Modification of Notice 2005-04; Biodiesel and Aviation-
Grade Kerosene.
    OMB Control Number: 1545-1915.
    Type of Review: Extension of a currently approved collection.
    Description: Notice 2005-04 provides guidance on certain excise tax 
Code provisions that were added or effected by the American Jobs 
Creation Act of 2004. The information will be used by the IRS to verify 
that the proper amount of tax is reported, excluded, refunded, or 
credited. This notice is modified and expanded by Notices 2005-24, 
2005-62, and 2005-80.
    Notice Number: Notice 2005-62.
    Affected Public: Businesses or other for-profit organizations; Not-
for-profit institutions; and Federal, State, Local or Tribal 
Governments.
    Estimated Number of Respondents: 157,963.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 157,963.
    Estimated Time per Response: 0.48 hour.
    Estimated Total Annual Burden Hours: 76,190 hours.
    14. Title: Procedures for Requesting Competent Authority Assistance 
Under Tax Treaties.
    OMB Control Number: 1545-2044.
    Type of Review: Extension of a currently approved collection.
    Description: Taxpayers who believe that the actions of the United 
States, a treaty, or both, result or will result in taxation that is 
contrary to the provisions of an applicable tax treaty are required to 
submit the requested information in order to receive assistance from 
the IRS official acting as the U.S. competent authority. The 
information is used to assist the taxpayer in reaching a mutual 
agreement with the IRS and the appropriate foreign competent authority.
    Revenue Procedure Number: 2015-40.
    Affected Public: Individuals or Households; and Businesses or other 
for-profit organizations.
    Estimated Number of Respondents: 300
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 300.
    Estimated Time per Response: 30 hours.
    Estimated Total Annual Burden Hours: 9000 hours.
    15. Title: Late Filing of Certification or Notices.
    OMB Control Number: 1545-2098.
    Type of Review: Extension of a currently approved collection.
    Description: The IRS needs certain information to determine whether 
a taxpayer should be granted permission to make late filings of certain 
statements or notices under sections 897 and 1445. The information 
submitted will include a statement by the taxpayer demonstrating 
reasonable cause for the failure to timely make relevant filings

[[Page 75417]]

under sections 897 and 1445. This revenue procedure provides a 
simplified method for taxpayers to request relief for late filings 
under sections 1.897-2(g)(1)(ii)(A), 1.897-2(h)(2), 1.1445-2(d)(2), 
1.1445-5(b)(2), and 1.1445-5(b)(4) of the Income Tax Regulations.
    Regulation Project Number: Revenue Procedure 2008-27.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Number of Respondents: 250.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 250.
    Estimated Time per Response: 4 hours.
    Estimated Total Annual Burden Hours: 1,000 hours.
    16. Title: Form 8946, PTIN Supplemental Application for Foreign 
Persons Without a Social Security Number.
    OMB Control Number: 1545-2189.
    Type of Review: Extension of a currently approved collection.
    Description: Form 8946 is used by foreign persons without a social 
security number (SSN) who want to prepare tax returns for compensation. 
Foreign persons who are tax return preparers must obtain a preparer tax 
identification number (PTIN) to prepare tax returns for compensation. 
Generally, the IRS requires an individual to provide an SSN to get a 
PTIN. Because foreign persons cannot get an SSN, they must file Form 
8946 to establish their identity and status as a foreign person.
    Form: IRS Form 8946.
    Affected Public: Individuals or Households; and Businesses or other 
for-profit organizations.
    Estimated Number of Respondents: 4,466.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 4,466.
    Estimated Time per Response: 5.27 hours.
    Estimated Total Annual Burden Hours: 23,536 hours.
    17. Title: Credit for Small Employer Health Insurance Premiums.
    OMB Control Number: 1545-2198.
    Type of Review: Extension of a currently approved collection.
    Description: Section 1421 of the Patient Protection and Affordable 
Care Act, Public Law 111-148, allows qualified small employers to 
elect, beginning in 2010, a tax credit for 50% of their employee health 
care coverage expenses. Form 8941, Credit for Small Employer Health 
Insurance Premiums, has been developed to help employers compute the 
tax credit.
    Form: IRS Form 8941.
    Affected Public: Individuals or Households; Businesses or other 
for-profit organizations; Not-for-profit institutions; and Federal, 
State, Local or Tribal Governments.
    Estimated Number of Respondents: 3,046,964.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 3,046,964.
    Estimated Time per Response: 11 hours, 15 minutes.
    Estimated Total Annual Burden Hours: 34,278,346 hours.
    18. Title: Foreclosure Sale Purchaser Contact Information Request.
    OMB Control Number: 1545-2199.
    Type of Review: Extension of a currently approved collection.
    Description: Form 15597, Foreclosure Sale Purchaser Contact 
Information Request, is information requested of individuals or 
businesses that have purchased real property at a third-party 
foreclosure sale. If the IRS has filed a ``Notice of Federal Tax Lien'' 
publically notifying a taxpayer's creditors that the taxpayer owes the 
IRS a tax debt, AND a creditor senior to the IRS position later 
forecloses on their creditor note (such as the mortgage holder of a 
taxpayers primary residence) THEN the IRS tax claim is discharged or 
removed from the property (if the appropriate foreclosure rules are 
followed) and the foreclosure sale purchaser buys the property free and 
clear of the IRS claim EXCEPT that the IRS retains the right to 
``redeem'' or buy back the property from the foreclosure sale purchaser 
w/in 120 days after the foreclosure sale. Collection of this 
information is authorized by 28 U.S.C. 2410 and IRC 7425.
    Form: IRS Form 15597.
    Affected Public: Individuals or Households; Businesses or other 
for-profit organizations; Not-for-profit institutions; and Federal, 
State, Local, or Tribal Governments.
    Estimated Number of Respondents: 150.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 150.
    Estimated Time per Response: 4.08 hour.
    Estimated Total Annual Burden Hours: 613 hours.
    19. Title: Request for Miscellaneous Determination.
    OMB Control Number: 1545-2211.
    Type of Review: Extension of a currently approved collection.
    Description: Organizations exempt under section 501(c)(3) may file 
Form 8940 for miscellaneous determinations under sections 507, 509(a), 
4940, 4942, 4945, and 6033. Nonexempt charitable trusts may also file a 
Form 8940 for an initial determination under section 509(a)(3).
    Form: IRS Form 8940.
    Affected Public: Not-for-profit institutions.
    Estimated Number of Respondents: 2,100.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 2,100.
    Estimated Time per Response: 13 hours, 47 minutes.
    Estimated Total Annual Burden Hours: 28,959 hours.
    20. Title: Volunteer Income Tax Assistance (VITA) and Tax 
Counseling for the Elderly (TCE) Programs.
    OMB Control Number: 1545-2222.
    Type of Review: Extension of a currently approved collection.
    Description: The Internal Revenue Service offers free assistance 
with tax return preparation and tax counseling using specially trained 
volunteers. The Volunteer Income Tax Assistance (VITA) and Tax 
Counseling for the Elderly (TCE) programs assist seniors and 
individuals with low to moderate incomes, those with disabilities, and 
those for whom English is a second language.
    Form: IRS Form 8653, IRS Form 8654, IRS Form 14204, IRS Form 13715, 
IRS Form 13206, and IRS Form 14310.
    Affected Public: Individuals or Households.
    Estimated Number of Respondents: 47,300.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 47,300.
    Estimated Time per Response: 21 minutes.
    Estimated Total Annual Burden Hours: 16,134 hours.
    21. Title: Report of Health Insurance Provider Information.
    OMB Control Number: 1545-2249.
    Type of Review: Extension of a currently approved collection.
    Description: Form 8963 established under Section 9010 of the 
Patient Protection and Affordable Care Act (PPACA), and Public Law 111-
148 (124 Stat. 119 (2010)), as amended by section 10905 of PPACA, and 
as further amended by section 1406 of the Health Care and Education 
Reconciliation Act of 2010, Public Law 111-152 (124 Stat. 1029 (2010)), 
which requires any covered entity engaged in the business of providing 
health insurance related to United States health risks to annually 
report its net premiums written.
    Form: IRS Form 8963.
    Affected Public: Businesses or other for-profit organizations; and 
Not-for-profit institutions.

[[Page 75418]]

    Estimated Number of Respondents: 3,200.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 3,200.
    Estimated Time per Response: 7.92 hours.
    Estimated Total Annual Burden Hours: 18,208 hours.
    22. Title: Certificate of Foreign Contracting Party Receiving 
Federal Procurement Payments.
    OMB Control Number: 1545-2263.
    Type of Review: Extension of a currently approved collection.
    Description: Tax on Certain Foreign Procurement, Notice of Purposed 
Rulemaking, contains proposed regulations under section 5000C of the 
Internal Revenue Code. The proposed regulations affect U.S. government 
acquiring agencies and foreign persons providing certain goods or 
services to the U.S. government pursuant to a contract. This document 
also contains proposed regulations under section 6114, with respect to 
foreign persons claiming an exemption from the tax under an income tax 
treaty. Section 5000C imposes a 2% tax on foreign persons (as defined 
in section 7701(a)(30)), that are parties to specified Federal 
procurement contracts with the U.S. government entered into on and 
after January 2, 2011. This tax is imposed on the gross amount of 
specified Federal procurement payments and is generally collected by 
increasing the amount withheld under chapter 3. A Form W-14 must be 
provided to the acquiring agency (U.S. government department, agency, 
independent establishment, or corporation) to: Establish that they are 
a foreign contracting party; and If applicable, claim an exemption from 
withholding based on an international agreement (such as a tax treaty); 
or Claim an exemption from withholding, in whole or in part, based on 
an international procurement agreement or because goods are produced, 
or services are performed in the United States. A Form W-14 must be 
provided to the acquiring agency if a foreign contracting party has 
been paid a specified Federal procurement payment and the foreign 
contracting party is seeking to claim an exemption (in whole or in 
part) from the tax imposed by section 5000C. Form W-14 must be 
submitted when requested by the acquiring agency, whether or not an 
exemption (in whole or in part) is claimed from withholding under 
section 5000C.
    Form: Form W-14.
    Affected Public: Federal Government.
    Estimated Number of Respondents: 2,000.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 2,000.
    Estimated Time per Response: 5 hours, 55 minutes.
    Estimated Total Annual Burden Hours: 11,840 hours.

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

    Dated: November 20, 2020.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2020-26099 Filed 11-24-20; 8:45 am]
BILLING CODE 4830-01-P