Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service Information Collection Requests, 22784-22791 [2021-08993]
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22784
Federal Register / Vol. 86, No. 81 / Thursday, April 29, 2021 / Notices
Last name
First name
SONIER ..............................................................
SPROULE ..........................................................
STAEBLEIN ........................................................
STAEBLEIN ........................................................
STANFORD ........................................................
STEVENSON .....................................................
TAKAHASHI .......................................................
TANABE .............................................................
TESTINO ............................................................
THERIAULT ........................................................
TIN ......................................................................
TJARKS ..............................................................
TOOTIKIAN ........................................................
TOOTIKIAN ........................................................
TREASURYWALA ..............................................
TUNG .................................................................
Ujike ....................................................................
URANO ...............................................................
VAN BEERS .......................................................
VAN DER KAMP ................................................
Van Der Zwan ....................................................
VAN TONDER ....................................................
VANDERBERG ..................................................
VEGA ..................................................................
VICAT–BLANC ...................................................
VOELMAN ..........................................................
VOLL ..................................................................
VON BONIN .......................................................
VON GUIONNEAU .............................................
WALKER ............................................................
WALLRAFF ........................................................
WANG ................................................................
WEED–KRUPA ..................................................
WILSON .............................................................
WILSON .............................................................
WISEMAN ..........................................................
WOELLHAF ........................................................
WOOD ................................................................
WORSNOP .........................................................
WU ......................................................................
WUNDERWALD .................................................
YEN ....................................................................
YONG .................................................................
ZHANG ...............................................................
ZHOU .................................................................
ZHOU .................................................................
ALAIN ...............................................................
JULIAN .............................................................
MARKUS ..........................................................
TANJA ..............................................................
ROYDEN ..........................................................
SCOT ...............................................................
HIROKO ...........................................................
SAYURI ............................................................
AMBER ............................................................
WILMON ..........................................................
LANCELOT ......................................................
WERNER .........................................................
ARMEN ............................................................
HAIG ................................................................
KATAYUN ........................................................
KENNETH ........................................................
Takandri Takanori ............................................
SHINYA ............................................................
NATALIE ..........................................................
CHRISTINA ......................................................
Natasca ............................................................
GAVIN ..............................................................
IAN ...................................................................
VANESA ...........................................................
JEROME ..........................................................
EGBERT ..........................................................
TOIVO ..............................................................
KATINKA ..........................................................
CURT ...............................................................
TIMOTHY .........................................................
CHRISTOPHER ...............................................
NIANYONG ......................................................
KAREN .............................................................
ERIC .................................................................
LESLIE .............................................................
ZAVIE ...............................................................
NICOLA ............................................................
DOROTHY .......................................................
PAUL ................................................................
JIANTAO ..........................................................
SILKE ...............................................................
DAVID ..............................................................
STEVEN ...........................................................
SHUCHUN .......................................................
WEI ..................................................................
XIAOJIE ...........................................................
Dated: April 26, 2021.
Godofredo F. Burgos-rodriguez,
Manager Classification Team 82413,
Examinations Operations—Philadelphia
Compliance Services.
[FR Doc. 2021–08977 Filed 4–28–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
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Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Internal Revenue Service Information
Collection Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
SUMMARY:
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Middle name/initials
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 must be received on
or before June 1, 2021.
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
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CHRISTIAN LOUIS
G
JOSEPH
WINSTON
OLSON
KWOK–LEUNG
JOSEPH
HAGOP
A.
JOSEPHINE PETRA
M
A
J.
IVAN DENZLER
ELIZABETH
ANTHONY
WILLIAM
JACK
B.
C.
P
LOUISE BICKERSTETH
DAVID
S
YEW CHOH
W
obtained from Molly Stasko by emailing
PRA@treasury.gov, calling (202) 622–
8922, or viewing the entire information
collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
1. Title: Railroad Retirement Tax Act
(Form CT–1 and CT–1X).
OMB Control Number: 1545–0001.
Type of Review: Revision of a
currently approved collection.
Description: Railroad employers are
required to file an annual return to
report employer and employee Railroad
Retirement Tax Act (RRTA) taxes. Form
CT–1 is used for this purpose. The IRS
uses the information to ensure that the
employer has paid the correct tax. Form
CT–1X is used to correct previously
filed Forms CT–1. We have significantly
revised the 2020 Form CT–1 to allow for
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the reporting of new employment tax
credits and the deferral of deposit and
payment of certain taxes from the
following provisions.
• Public Law 116–127: Section 7001,
Payroll credit for required paid sick
leave; Section 7003, Payroll credit for
required family leave; and Section 7005,
Wages paid by reason of the Emergency
Paid Sick Leave Act and the Emergency
Family and Medical Leave Expansion
Act not considered compensation under
section 3221(a)
• Public Law 116–136: Section 2301
Employee Retention Credit; and Section
2302, Delay of payment for employer
payroll taxes.
Form Number: IRS Form CT–1 and
IRS Form CT–1 X.
Affected Public: Businesses or other
for-profit organizations; not-for-profit
institutions; and State, Local, or Tribal
governments.
Estimated Number of Respondents:
1,900 for CT–1; 500 for CT–1X.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 2,400.
Estimated Time per Response: 18
hours, 56 minutes for CT–1; 31hours, 14
minutes for CT–1X.
Estimated Total Annual Burden
Hours: 51,055 hours.
2. Title: Claim for Refund and Request
for Abatement.
OMB Control Number: 1545–0024.
Type of Review: Extension of a
currently approved collection.
Description: Internal Revenue Code
section 6402, 6404, and sections
301.6402–2, 301.6404–1, and 301.6404–
3 of the regulations allow for refunds of
taxes (except income taxes) or refund,
abatement, or credit of interest,
penalties, and additions to tax in the
event of errors or certain actions by the
IRS. Form 843 is used by taxpayers to
claim these refunds, credits, or
abatements.
Form Number: IRS Form 843.
Affected Public: Businesses or other
for-profit organizations; individuals or
households, not-for-profit institutions;
and State, Local or Tribal governments.
Estimated Number of Respondents:
550,500.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 550,500.
Estimated Time per Response: 1 hour,
35 minutes.
Estimated Total Annual Burden
Hours: 875,295 hours.
3. Title: Form 1040–SS—U.S. SelfEmployment Tax Return; Form 1040–
PR—Planilla Para La Declaracion De La
Contribucion Federal Sobre El Trabajo
Por Cuenta Propia, Anejo H–PR (1040
Sch H—PR)
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OMB Control Number: 1545–0090.
Type of Review: Extension of a
currently approved collection.
Description: Form 1040–PR is used by
self-employed individuals to figure and
report self-employment tax under IRC
chapter 2 of Subtitle A, and provide
credit to the taxpayer’s social security
account. Anejo H–PR is used to
compute household employment taxes
and the Form 1040–PR burden
calculation includes this burden of
2,400 responses with 5,376 hours. Form
1040–SS is used by self-employed
individuals to figure and report selfemployment tax under IRC chapter 2 of
Subtitle A, and provide credit to the
taxpayer’s social security account. Both
of these forms are also used by bona-fide
residents of Puerto Rico to claim the
additional child tax credit.
Form Number: IRS Form 1040–PR,
IRS Form 1040–SS, IRS Form 1040 (Sch
H) PR.
Affected Public: Individuals or
households; and Businesses or other forprofit organizations.
Estimated Number of Respondents:
202,831.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 202,831.
Estimated Time per Response: 2.51
hours to 12.23 hours.
Estimated Total Annual Burden
Hours: 2,436,178 hours.
4. Title: U.S. Information Return-Trust
Accumulation of Charitable Amounts.
OMB Control Number: 1545–0094.
Type of Review: Extension of a
currently approved collection.
Description: Form 1041–A is used to
report the information required in
Internal Revenue Code section 6034
concerning accumulation and
distribution of charitable amounts. The
data is used to verify the amounts for
which a charitable deduction was
allowed are used for charitable
purposes.
Form Number: IRS Form 1041–A.
Affected Public: Businesses or other
for-profit organizations; and Individuals
or Households.
Estimated Number of Respondents:
6,700.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 6,700.
Estimated Time per Response: 36
hours, 40 minutes.
Estimated Total Annual Burden
Hours: 245,622.
5. Title: Sales of Business Property.
OMB Control Number: 1545–0184.
Type of Review: Extension of a
currently approved collection.
Description: Form 4797 is used by
taxpayers to report sales, exchanges, or
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involuntary conversions of assets used
in a trade or business. It is also used to
compute ordinary income from
recapture and the recapture of prior year
losses under section 1231 of the Internal
Revenue Code.
Form Number: IRS Form 4797.
Affected Public: Businesses or other
for-profit organizations; Individuals or
Households.
Estimated Number of Respondents:
325,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 325,000.
Estimated Time per Response: 51
hours, 7 minutes.
Estimated Total Annual Burden
Hours: 16,614,000.
6. Title: Request for Change in Plan/
Trust Year (Form 5308).
OMB Control Number: 1545–0201.
Type of Review: Extension of a
currently approved collection.
Description: Form 5308 is used to
request permission to change the plan or
trust year for a pension benefit plan.
The information submitted is used in
determining whether IRS should grant
permission for the change.
Form Number: IRS Form 5308.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
20.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 20.
Estimated Time per Response: 42
minutes.
Estimated Total Annual Burden
Hours: 14.
7. Title: Monthly Tax Return for
Wagers.
OMB Control Number: 1545–0235.
Type of Review: Extension of a
currently approved collection.
Description: Form 730 is used to
identify taxable wagers under Internal
Revenue Code section 4401 and collect
the tax monthly. The information is
used to determine if persons accepting
wagers are correctly reporting the
amount of wagers and paying the
required tax.
Form Number: IRS Form 730.
Affected Public: Businesses or other
for-profit organizations; Individuals or
Households.
Estimated Number of Respondents:
51,084.
Frequency of Response: Monthly.
Estimated Total Number of Annual
Responses: 51,084.
Estimated Time per Response: 8
hours, 11 minutes.
Estimated Total Annual Burden
Hours: 418,378.
8. Title: Application for
Determination of Employee Stock
Ownership Plan.
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OMB Control Number: 1545–0284.
Type of Review: Extension of a
currently approved collection.
Description: Internal Revenue Code
section 404(a) allows employers an
income tax deduction for contributions
to their qualified deferred compensation
plans. Form 5309 is used to request an
IRS determination letter about whether
the plan is qualified under Code section
409 or 4975(e)(7).
Form Number: IRS Form 5309.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
2,500.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 2,500.
Estimated Time per Response: 10
hours, 47 minutes.
Estimated Total Annual Burden
Hours: 26,975.
9. Title: Credit for Increasing Research
Activities.
OMB Control Number: 1545–0619.
Type of Review: Extension of a
currently approved collection.
Description: Internal Revenue Code
section 38 allows a credit against
income tax (Determined under IRC
section 41) for an increase in research
activities in a trade or business. Form
6765 is used by businesses and
individuals engaged in a trade or
business to figure and report the credit.
The data is used to verify that the credit
claimed is correct.
Form Number: IRS Form 6765.
Affected Public: Businesses or other
for-profit organizations; Individuals or
Households.
Estimated Number of Respondents:
15,805.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 15,805.
Estimated Time per Response: 18
hours, 2 minutes.
Estimated Total Annual Burden
Hours: 285,281.
10. Title: Manufacturers Excise Taxes
on Sporting Goods and Firearms and
Other Administrative Provisions of
Special Application to Manufacturers
and Retailers Excise Taxes; Reporting
and Recordkeeping Requirements.
OMB Control Number: 1545–0723.
Type of Review: Extension of a
currently approved collection.
Description: The Internal Revenue
Code impose excise taxes on the sale or
use of certain articles. Code section
6416 allows a credit or refund of the tax
to manufacturers in certain cases. Code
sections 6420, 6421, and 6427 allow
credits or refunds of the tax to certain
users of the articles. This regulation
contains reporting and recordkeeping
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requirements that enable the IRS and
taxpayers to verify that the proper
amount of tax is reported or excluded.
Regulation Project Number: TD 8043.
Affected Public: Businesses or other
for-profit organizations, Not-for-profit
institutions.
Estimated Number of Respondents:
1,500,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 1,500,000.
Estimated Time per Response: 19
minutes.
Estimated Total Annual Burden
Hours: 475,000.
11. Title: Employer/Payer
Appointment of Agent (Form 2678).
OMB Control Number: 1545–0748.
Type of Review: Extension of a
currently approved collection.
Description: Internal Revenue Code
section 3504 authorizes a fiduciary,
agent, or other person to perform acts of
an employer for purposes of
employment taxes. Form 2678 is used to
empower an agent with the
responsibility and liability of collecting
and paying the employment taxes
including backup withholding and
filing the appropriate tax return.
Form Number: IRS Form 2678.
Affected Public: Businesses or other
for-profit organizations; Not-for-profit
institutions.
Estimated Number of Respondents:
6,130,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 6,130,000.
Estimated Time per Response: 2
hours, 14 minutes.
Estimated Total Annual Burden
Hours: 13,731,200.
12. Title: Product Liability Losses and
Accumulations for Product Liability
Losses.
OMB Control Number: 1545–0863.
Type of Review: Extension of a
currently approved collection.
Description: T.D. 8096 provides final
regulations relating to product liability
losses and accumulations for the
payment of reasonable anticipated
product liability losses. Changes to the
applicable tax law were made by the
Revenue Act of 1978. Generally, a
taxpayer who sustains a product
liability loss must carry the loss back 10
years. However, a taxpayer may elect to
have such loss treated as a regular net
operating loss under section 172. If
desired, such election is made by
attaching a statement to the tax return.
This statement will enable the IRS to
monitor compliance with the statutory
requirements.
Regulation Project Number: TD 8096.
Affected Public: Businesses or other
for-profit organizations.
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Estimated Number of Respondents:
5,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 5,000.
Estimated Time per Response: 0.5
hour.
Estimated Total Annual Burden
Hours: 2,500.
13. Title: Acquisition or
Abandonment of Secured Property.
13. Title: Acquisition or
Abandonment of Secured Property.
OMB Control Number: 1545–0877.
Type of Review: Extension of a
currently approved collection.
Description: Form 1099–A is used by
persons who lend money in connection
with a trade or business, and who
acquire an interest in the property that
is security for the loan or who have
reason to know that the property has
been abandoned, to report the
acquisition or abandonment.
Form Number: IRS Form 1099–A.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
466,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 466,000.
Estimated Time per Response: 9
minutes.
Estimated Total Annual Burden
Hours: 74,560.
14. Title: Mortgage Credit Certificates
(MCCs).
OMB Control Number: 1545–0922.
Type of Review: Extension of a
currently approved collection.
Description: Mortgage Credit
Certificates provide qualified holders of
the certificates with a credit against
income tax liability. In general, an
Issuer elects to establish a mortgage
credit certificate program in lieu of
issuing qualified mortgage revenue
bonds. Section 25 of the Code permits
states and political subdivisions to elect
to issue Mortgage Credit Certificates in
lieu of qualified mortgage revenue
bonds. Form 8329 is used by lending
institutions and Form 8330 is used by
state and local governments to provide
the IRS with information on the
issuance of mortgage credit certificates
(MCCs) authorized under Internal
Revenue Code section 25. IRS matches
the information supplied by lenders and
issuers to ensure that the credit is
computed properly.
Form Number: IRS Form 8329 and
IRS Form 8330.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
10,000 for Form 8329, 2,000 for Form
8330.
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Frequency of Response: Annually for
Form 8329, Quarterly for Form 8330.
Estimated Total Number of Annual
Responses: 10,000 for Form 8329, 2,000
for Form 8330.
Estimated Time per Response: 5
hours, 53 minutes for Form 8329; 7
hours, 28 minutes for Form 8330.
Estimated Total Annual Burden
Hours: 73,720.
15. Title: Low-Income Housing Credit
Allocation and Certification.
OMB Control Number: 1545–0988.
Type of Review: Extension of a
currently approved collection.
Description: Owners of residential
low-income rental buildings are allowed
a low-income housing credit for each
qualified building over a 10-year credit
period. Form 8609 can be used to obtain
a housing credit allocation from the
housing credit agency. A separate Form
8609 must be issued for each building
in a multiple building project. Form
8609 is also used to certify certain
information. Form 8609–A is filed by a
building owner to report compliance
with the low-income housing provisions
and calculate the low-income housing
credit. Form 8609–A must be filed by
the building owner for each year of the
15-year compliance period. File one
Form 8609–A for the allocation(s) for
the acquisition of an existing building
and a separate Form 8609–A for the
allocation(s) for rehabilitation
expenditures.
Form Number: IRS Form 8609, IRS
Form 8609–A.
Affected Public: Businesses or other
for-profit organizations; Not-for-profit
institutions.
Estimated Number of Respondents:
30,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 30,000.
Estimated Time per Response: 18
hours, 16 minutes.
Estimated Total Annual Burden
Hours: 414,915.
16. Title: Passive Activity Loss
Limitations.
OMB Control Number: 1545–1008.
Type of Review: Extension of a
currently approved collection.
Description: Internal Revenue Code
section 469 limits the passive activity
losses that a taxpayer may deduct. The
passive activity losses from passive
activities, to the extent that they exceed
income from passive activities, cannot
be deducted against nonpassive income.
Form 8582 is used to figure the passive
activity loss allowed and the actual loss
to be reported on the tax returns.
Form Number: IRS Form 8582.
Affected Public: Individuals or
Households; Estates and Trusts.
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Estimated Number of Respondents:
250,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 250,000.
Estimated Time per Response: 3
hours, 30 minutes.
Estimated Total Annual Burden
Hours: 875,000.
17. Title: Salary Reduction Simplified
Employee Pension-Individual
Retirement Accounts Contribution
Agreement.
OMB Control Number: 1545–1012.
Type of Review: Extension of a
currently approved collection.
Description: Form 5305A–SEP is used
by an employer to make an agreement
to provide benefits to all employees
under a Simplified Employee Pension
(SEP) described in Internal Revenue
Code section 408(k). This form is not to
be filed with the IRS, but is to be
retained in the employer’s records as
proof of establishing a SEP and
justifying a deduction for contributions
made to the SEP.
Form Number: IRS Form 5305A–SEP.
Affected Public: Businesses or other
for-profit organizations; Individuals or
Households.
Estimated Number of Respondents:
100,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 100,000.
Estimated Time per Response: 9
hours, 43 minutes.
Estimated Total Annual Burden
Hours: 972,000.
18. Title: Adjustments to Basis of
Stock and Indebtedness to Shareholders
of S Corporations and Treatment of
Distributions by S Corporations to
Shareholders.
OMB Control Number: 1545–1139.
Type of Review: Extension of a
currently approved collection.
Description: TD 9428 and TD 9300
contains final regulations relating to the
passthrough of items of an S corporation
to its shareholders, the adjustments to
the basis of stock of the shareholders,
and the treatment of distributions by an
S corporation. Changes to the applicable
law were made by the Subchapter S
Revision Act of 1982, the Tax Reform
Act of 1984, the Tax Reform Act of
1986, the Technical and Miscellaneous
Revenue Act of 1988, and the Small
Business Job Protection Act of 1996.
These regulations provide the public
with guidance needed to comply with
the applicable law and will affect S
corporations and their shareholders.
Regulation Project Number: TD 9428,
TD 9300.
Affected Public: Businesses or other
for-profit organizations; Individuals or
Households.
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Estimated Number of Respondents:
2,250.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 2,250.
Estimated Time per Response: 12
minutes.
Estimated Total Annual Burden
Hours: 450.
19. Title: Low-Income Housing Credit
Agencies Report of Noncompliance or
Building Disposition.
OMB Control Number: 1545–1204.
Type of Review: Extension of a
currently approved collection.
Description: Under Internal Revenue
Code section 42(m)(1)(B)(iii), state
housing credit agencies are required to
notify the IRS of noncompliance with
the low-income housing tax credit
provisions. A separate form must be
filed for each building that is not in
compliance. The IRS uses this
information to determine whether the
low-income housing credit is being
correctly claimed and whether there is
any credit recapture.
Form Number: IRS Form 8823.
Affected Public: State and Local
governments.
Estimated Number of Respondents:
20,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 20,000.
Estimated Time per Response: 15.16
hours.
Estimated Total Annual Burden
Hours: 303,200.
20. Title: Disclosure of Tax Return
Information for Purposes of Quality or
Peer Reviews, Due to Incapacity or
Death of Tax Return Preparer.
OMB Control Number: 1545–1209.
Type of Review: Extension of a
currently approved collection.
Description: These regulations govern
the circumstances under which tax
return information may be disclosed for
purposes of conducting quality or peer
reviews, and disclosures that are
necessary because of the tax return
preparer’s death or incapacity.
Regulation Project Number: TD 8383.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
250,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 250,000.
Estimated Time per Response: 1 hour.
Estimated Total Annual Burden
Hours: 250,000.
21. Title: Treaty-Based Return
Position Disclosure.
OMB Control Number: 1545–1354.
Type of Review: Extension of a
currently approved collection.
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Description: Form 8833 is used by
taxpayers that are required by section
6114 to disclose a treaty-based return
position to disclose that position. The
form may also be used to make the
treaty-based position disclosure
required by regulations section
301.7701(b)–7(b) for ‘‘dual resident’’
taxpayers.
Form Number: IRS Form 8833.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
4,100.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 4,100.
Estimated Time per Response: 6 hours
16 minutes.
Estimated Total Annual Burden
Hours: 25,740.
22. Title: Information Reporting by
Passport Applicants.
OMB Control Number: 1545–1359.
Type of Review: Extension of a
currently approved collection.
Description: The final regulations in
TD 9679 provide information reporting
rules for certain passport applicants.
These final regulations apply to certain
individuals applying for passports
(including renewals) and provide
guidance to such individuals about the
information that must be included with
their passport application.
Regulation Project Number: TD 9679.
Affected Public: Individuals or
Households.
Estimated Number of Respondents:
12,133,537.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 12,133,537.
Estimated Time per Response: 6
minutes.
Estimated Total Annual Burden
Hours: 1,213,354.
23. Title: Methods to Determine
Taxable Income in connection with a
Cost Sharing Arrangement—IRC section
482.
OMB Control Number: 1545–1364.
Type of Review: Extension of a
currently approved collection.
Description: TD 9568 contains final
regulations regarding methods to
determine taxable income in connection
with a cost sharing arrangement under
section 482 of the Internal Revenue
Code (Code). The final regulations
address issues that have arisen in
administering the current cost sharing
regulations. The final regulations affect
domestic and foreign entities that enter
into cost sharing arrangements
described in the final regulations.
Regulation Project Number: TD 9568.
Affected Public: Businesses or other
for-profit organizations.
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Estimated Number of Respondents:
500.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 500.
Estimated Time per Response: 18
hours, 42 minutes.
Estimated Total Annual Burden
Hours: 9,350.
24. Title: Carryover of Passive Activity
Losses and Credits and At-Risk losses to
Bankruptcy Estates of Individuals.
OMB Control Number: 1545–1375.
Type of Review: Extension of a
currently approved collection.
Description: TD 8537 contains final
regulations relate to the application of
carryover of passive activity losses and
credits and at-risk losses to the
bankruptcy estates of individuals. The
final regulations affect individual
taxpayers who file bankruptcy petitions
under chapter 7 or chapter 11 of title 11
of the United States Code and have
passive activity losses and credits under
section 469 or losses under section 465.
Regulation Project Number: TD 8537.
Affected Public: Individuals or
Households.
Estimated Number of Respondents:
500.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 500.
Estimated Time per Response: 12
minutes.
Estimated Total Annual Burden
Hours: 100.
25. Title: Diesel Fuel and Kerosene
Excise Tax; Dye Injection.
OMB Control Number: 1545–1418.
Type of Review: Extension of a
currently approved collection.
Description: In order for diesel fuel
and kerosene that is used in a
nontaxable use to be exempt from tax
under section 4082(a), it must be
indelibly dyed by use of a mechanical
dye injection system that satisfies the
requirements in the regulations. These
regulations affect certain enterers,
refiners, terminal operators, and
throughputters.
Regulation Project Number: TD 9199.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents: 1.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 1.
Estimated Time per Response: 1 hour.
Estimated Total Annual Burden
Hours: 1.
26. Title: Continuation Coverage
Requirements Application to Group
Health Plans.
OMB Control Number: 1545–1581.
Type of Review: Extension of a
currently approved collection.
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Description: The regulations require
group health plans to provide notices to
individuals who are entitled to elect
COBRA (The Consolidated Omnibus
Budget Reconciliation Act of 1985)
continuation coverage of their election
rights. Individuals who wish to obtain
the benefits provided under the statute
are required to provide plans notices in
the cases of divorce from the covered
employee, a dependent child’s ceasing
to be dependent under the terms of the
plan, and disability. Most plans will
require that elections of COBRA
continuation coverage be made in
writing. In cases where qualified
beneficiaries are short by an
insignificant amount in a payment made
to the plan, the regulations require the
plan to notify the qualified beneficiary
if the plan does not wish to treat the
tendered payment as full payment. If a
health care provider contacts a plan to
confirm coverage of a qualified
beneficiary, the regulations require that
the plan disclose the qualified
beneficiary’s complete rights to
coverage.
Regulation Project Number: REG–
209485–86 (TD 8812).
Affected Public: Businesses or other
for-profit organizations; Individuals or
Households; Not-for-profit institutions.
Estimated Number of Respondents:
12,079,600.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 12,079,600.
Estimated Time per Response: Varies
from 30 seconds to 330 hours,
depending on individual circumstances,
with an estimated average of 14
minutes.
Estimated Total Annual Burden
Hours: 404,640.
27. Title: Form W–8BEN, Certificate of
Foreign Status of Beneficial Owner for
United States Tax Withholding and
Reporting (Individual), Form W–8BEN–
E, Certificate of Status of Beneficial
Owner for United States Tax
Withholding and Reporting (Entities),
Form W–8ECI,Certificate of Foreign
Person’s Claim That Income Is
Effectively Connected With the Conduct
of a Trade or Business in the United
States, Form W–8EXP, Certificate of
Foreign Government or Other Foreign
Organization for United States Tax
Withholding and Reporting, Form W–
8IMY, Certificate of Foreign
Intermediary, Foreign Flow-Through
Entity, or Certain U.S. Branches for
United States Tax Withholding and
Reporting.
OMB Control Number: 1545–1621.
Type of Review: Extension of a
currently approved collection.
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Description: Form W–8BEN is used
for certain types of income to establish
that the person is a foreign person, is the
beneficial owner of the income for
which Form W–8BEN is being provided
and, if applicable, to claim a reduced
rate of, or exemption from, withholding
as a resident of a foreign country with
which the United States has an income
tax treaty. Form W–8ECI is used to
establish that the person is a foreign
person and the beneficial owner of the
income for which Form W–8ECI is being
provided, and to claim that the income
is effectively connected with the
conduct of a trade or business within
the United States. Form W–8EXP is
used by a foreign government,
international organization, foreign
central bank of issue, foreign tax-exempt
organization, or foreign private
foundation. The form is used by such
persons to establish foreign status, to
claim that the person is the beneficial
owner of the income for which Form
W–8EXP is given and, if applicable, to
claim a reduced rate of, or exemption
from, withholding. Form W–8IMY is
provided to a withholding agent or
payer by a foreign intermediary, foreign
partnership, and certain U.S. branches
to make representations regarding the
status of beneficial owners or to
transmit appropriate documentation to
the withholding agent. Reg. § 1.1441–
1(e)(4)(iv) provides that a withholding
agent may establish a system for a
beneficial owner to electronically
furnish a Form W–8 or an acceptable
substitute Form W–8. Withholding
agents with systems that electronically
collect Forms W–8 may voluntarily
choose to participate in the IRS EW–8
MOU Program. The EW–8 MOU
Program is a collaborative process
between the withholding agents and
IRS.
Form Number: W–8BEN, W–8BEN–E,
W–8ECI, W–8EXP, and W–8IMY.
Affected Public: Businesses or other
for-profit organizations; Individuals or
Households; Not-for-profit institutions.
Estimated Number of Respondents:
3,390,640.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 3,390,640.
Estimated Time per Response: 7.18
hours to 26.45 hours.
Estimated Total Annual Burden
Hours: 29,291,380.
28. Title: Limitations on Credit or
Refund.
OMB Control Number: 1545–1649.
Type of Review: Extension of a
currently approved collection.
Description: Generally, under section
6511(a), a taxpayer must file a claim for
credit or refund of tax within three years
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after the date of filing a tax return or
within two years after the date of
payment of the tax, whichever period
expires later. Under section 6511(h), the
statute of limitations on claims for
credit or refund is suspended for any
period of an individual taxpayer’s life
during which the taxpayer is unable to
manage his or her financial affairs
because of a medically determinable
mental or physical impairment, if the
impairment can be expected to result in
death, or has lasted (or can be expected
to last) for a continuous period of not
less than 12 months.
Revenue Procedure: Revenue
Procedure 99–21.
Affected Public: Individuals or
Households.
Estimated Number of Respondents:
48,200.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 48,200.
Estimated Time per Response: 30
minutes.
Estimated Total Annual Burden
Hours: 24,100.
29. Title: American Jobs Creation Act
(AJCA) Modifications to the Section
6112 Regulations.
OMB Control Number: 1545–1686.
Type of Review: Extension of a
currently approved collection.
Description: TD 9352 contains final
regulations under section 6112 of the
Internal Revenue Code that provide the
rules relating to the obligation of
material advisors to prepare and
maintain lists with respect to reportable
transactions. These regulations affect
material advisors responsible for
keeping lists under section 6112.
Regulation Project and Form
Numbers: TD 9352; Form 13976.
Affected Public: Businesses or other
for-profit organizations; Individuals or
Households; Not-for-profit institutions.
Estimated Number of Respondents:
500.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 500.
Estimated Time per Response: 100
hours.
Estimated Total Annual Burden
Hours: 50,000.
30. Title: Amended Quarterly Federal
Excise Tax Return.
OMB Control Number: 1545–1759.
Type of Review: Extension of a
currently approved collection.
Description: Form 720X is used to
make adjustments to liability reported
on forms 720 you have filed for previous
quarters. It can be filed by itself or it can
be attached to any subsequent Form
720. Code section 6416(d) allows
taxpayers to take a credit on a
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subsequent return rather than filing a
refund claim. The creation of Form
720X is to provide a uniform standard
for trust fund accounting.
Form Number: IRS Form 720–X.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
5,500.
Frequency of Response: Quarterly.
Estimated Total Number of Annual
Responses: 22,000.
Estimated Time per Response: 6
hours, 56 minutes.
Estimated Total Annual Burden
Hours: 152,460.
31. Title: Payments from Qualified
Education Programs (Under Sections
529 and 530).
OMB Control Number: 1545–1760.
Type of Review: Extension of a
currently approved collection.
Description: Form 1099–Q is used to
report distributions from private and
state qualified tuition programs as
required under Internal Revenue Code
sections 529 and 530. A Form 1099–Q
is filed if you (a) are an officer or an
employee, or the designee of an officer
or employee, having control of a
program established by a state or
eligible educational institution; and (b)
made a distribution from a qualified
tuition program (QTP). A trustee of a
Coverdell education savings account
(ESA) must file Form 1099–Q to report
distributions made from Coverdell
ESAs. To lessen the burden for payers,
Form 1099–Q was developed to report
distributions from private and state
qualified tuition programs. A copy of
the Form 1099–Q must be furnished to
the recipient.
Form Number: IRS Form 1099–Q.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
3,689,800.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 3,689,800.
Estimated Time per Response: 13
minutes.
Estimated Total Annual Burden
Hours: 811,756.
32. Title: Electronic Deposit of Tax
Refund of $1 Million or More.
OMB Control Number: 1545–1763.
Type of Review: Extension of a
currently approved collection.
Description: IRS Form 8302 is used to
request an electronic deposit of a tax
refund of $1 million or more directly
into an account at any U.S. bank or
other financial institution that accepts
electronic deposits.
Form Number: IRS Form 8302.
Affected Public: Businesses or other
for-profit organizations; Individuals or
Households.
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Estimated Number of Respondents:
584.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 2.96 hours.
Estimated Time per Response: 584.
Estimated Total Annual Burden
Hours: 1,729.
33. Title: Optional election to make
monthly 706(a) computations.
OMB Control Number: 1545–1768.
Type of Review: Extension of a
currently approved collection.
Description: Revenue Procedure
2003–84 allows certain partnerships
that invest in tax-exempt obligations to
make an election that enables the
partners to take into account monthly
the inclusions required under sections
702 and 707(c) of the Code and provides
rules for partnership income tax
reporting under section 6031 for such
partnerships. Rev. Proc. 2002–68
modified and superseded.
Revenue Procedure Number: Revenue
Procedure 2003–84.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
1,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 1,000.
Estimated Time per Response: 30
minutes.
Estimated Total Annual Burden
Hours: 500.
34. Title: Guidance under Sections
897, 1445, and 6109 to require use of
Taxpayer Identifying Numbers on
Submission under the Section 897 and
1445.
OMB Control Number: 1545–1797.
Type of Review: Extension of a
currently approved collection.
Description: The collection of
information relates to applications for
withholding certificates under section
1.1445–3 to be filed with the IRS with
respect to (1) dispositions of U.S. real
property interests that have been used
by foreign persons as a principle
residence within the prior 5 years and
excluded from gross income under
section 121 and (2) dispositions of U.S.
real property interests by foreign
persons in deferred like kind exchanges
that qualify for nonrecognition under
section 1031.
Regulation Project Number: TD 9082;
TD 9751.
Affected Public: Businesses or other
for-profit organizations; Individual or
Households.
Estimated Number of Respondents:
150.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 150.
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Estimated Time per Response: 4
hours.
Estimated Total Annual Burden
Hours: 600.
35. Title: Government Service
Information.
OMB Control Number: 1545–1919.
Type of Review: Extension of a
currently approved collection.
Description: The hiring process
requires applicants to provide IRS with
specific information to verify previous
employment history. Form 12854,
Government Service Information,
requests information from applicants
who were previously employed by the
Federal Government. The information
on the form is needed to assist in
providing information for pay setting
determinations of potential new
employees.
Form Number: IRS Form 12854.
Affected Public: Individuals or
Households.
Estimated Number of Respondents:
24,813.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 24,813.
Estimated Time per Response: 15
minutes.
Estimated Total Annual Burden
Hours: 6,203.
36. Title: Certificate of Partner-Level
Items to Reduce Section 1446
Withholding.
OMB Control Number: 1545–1934.
Type of Review: Extension of a
currently approved collection.
Description: Form 8804–C is used by
a foreign partner that voluntary submit
to the partnership if it chooses to
provide a certification that could reduce
or eliminate the partnership’s
withholding tax obligation under
section 1446 (1446 tax) on the partner’s
allocable share of effectively connected
income (ECTI) from the partnership. TD
9394 contains final regulations
regarding when a partnership may
consider certain deductions and losses
of a foreign partner to reduce or
eliminate the partnership’s obligation to
pay withholding tax under section 1446
on effectively connected taxable income
allocable under section 704 to such
partner.
Form Number: IRS Form 8804–C; TD
9394.
Affected Public: Businesses or other
for-profit organizations; Individuals or
Households; Not-for-Profit
Organizations.
Estimated Number of Respondents:
1,001.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 1,001.
Estimated Time per Response: 18
hours, 42 minutes.
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Estimated Total Annual Burden
Hours: 18,701.
37. Title: Excise Tax on Certain
Transfers of Qualifying Geothermal or
Mineral Interests.
OMB Control Number: 1545–2099.
Type of Review: Extension of a
currently approved collection.
Description: Form 8924, Excise Tax
on Certain Transfers of Qualifying
Geothermal or Mineral Interests, is
required by Section 403 of the Tax
Relief and Health Care Act of 2006
which imposes an excise tax on certain
transfers of qualifying mineral or
geothermal interests.
Form Number: IRS Form 8924.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
20.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 20.
Estimated Time per Response: 5
hours, 33 minutes.
Estimated Total Annual Burden
Hours: 111.
38. Title: Form 3921, Exercise of an
Incentive Stock Option Under Section
422(b), Information Reporting
Requirements Under Internal Revenue
Service Code Section 6039, and Form
3922, Transfer of Stock Acquired
Through an Employee Stock Purchase
Plan Under Section 423(c).
OMB Control Number: 1545–2129.
Type of Review: Extension of a
currently approved collection.
Description: Form 3921 is a copy of
the information return filed with the
Internal Revenue Service by the
corporation which transferred shares of
stock to a recipient. Form 3922 is used
by the corporation to record a transfer
of the legal title of a share of stock
acquired by the employee where the
stock was acquired pursuant to the
exercise of an option described in
Internal Revenue Code section 423(c).
These forms are required to be filed for
stock transfers occurring after 2008. TD
9470 contains the final regulations
relating to the return and information
statement requirements under Internal
Revenue Code section 6039. These
regulations reflect changes to section
6039 made by section 403 of the Tax
Relief and Health Care Act of 2006.
These regulations affect corporations
that issue statutory stock options and
provide guidance to assist corporations
in complying with the return and
information statement requirements
under section 6039.
Form Number: IRS Form 3921, IRS
Form 3922, TD 9470.
Affected Public: Businesses or other
for-profit organizations; Individuals or
Households.
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Estimated Number of Respondents:
51,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 51,000.
Estimated Time per Response: 29
minutes.
Estimated Total Annual Burden
Hours: 25,205.
39. Title: Payout Requirements for
Type III Supporting Organizations that
are not Functionally Integrated.
OMB Control Number: 1545–2157.
Type of Review: Extension of a
currently approved collection.
Description: TD 9605 contains final
regulations regarding the requirements
to qualify as a Type III supporting
organization that is operated in
connection with one or more supported
organizations. The regulations reflect
changes to the law made by the Pension
Protection Act of 2006. The regulations
will affect Type III supporting
organizations and their supported
organizations.
Form Number: TD 9605 (REG–
155929–06).
Affected Public: Not-for-profit
institutions; State, Local, or Tribal
Governments.
Estimated Number of Respondents:
11,994.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 11,994.
Estimated Time per Response: 2
hours.
Estimated Total Annual Burden
Hours: 23,988.
40. Title: Statement of Liability of
Lender, Surety, or Other Person for
Withholding Taxes.
OMB Control Number: 1545–2254.
Type of Review: Extension of a
currently approved collection.
Description: Third parties who
directly pay another’s payrolls can be
held liable for the full amount of taxes
required to be withheld but not paid to
the Government (subject to the 25%
limitation). IRC 3505 deals with persons
who supply funds to an employer for
the purpose of paying wages. The
notification that a third party is paying
or supplying wages will usually be
made by filing of the Form 4219,
Statement of Liability of Lender, Surety,
or Other Person for Withholding Taxes.
The Form 4219, Statement of Liability of
Lender, Surety, or Other Person for
Withholding Taxes is to be submitted
and associated with each employer and
for every calendar quarter for which a
liability under section 3505 is incurred.
Form Number: IRS Form 4219.
Affected Public: Businesses and other
for-profit organizations, Not-for-profit
institutions, Farms, Federal
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Government, State, Local, or Tribal
Government.
Estimated Number of Respondents:
1,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 1,000.
Estimated Time per Response: 12
hours, 50 minutes.
Estimated Total Annual Burden
Hours: 12,833.
41. Title: ABLE Account Contribution
Information and Distributions from
ABLE Accounts.
OMB Control Number: 1545–2262.
Type of Review: Extension of a
currently approved collection.
Description: Public Law 113–295,
ABLE Act of 2014, granted States,
agencies and/or their instrumentalities
the authority to allow for the
establishment of special accounts that
allow individuals and families to set
aside money for the purpose of
supporting individuals with disabilities
to maintain health, independence, and
quality of life, without impacting
eligibility for other social service
financial assistance programs such as
Medicaid. Form 5498–QA is used to
report to the beneficiaries the
contributions, rollovers, and program to
program transfers associated with these
accounts. Form 1099–QA allows these
individuals and families to draw from
the special account.
Affected Public: Individuals or
Households.
Estimated Number of Respondents:
20,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 20,000.
Estimated Time per Response: 10
minutes to 11 minutes.
Estimated Total Annual Burden
Hours: 3,600.
42. Title: Information Regarding
Beneficiaries Acquiring Property from a
Decedent.
OMB Control Number: 1545–2264.
Type of Review: Extension of a
currently approved collection.
Description: The Surface
Transportation and Veterans Health
Care Choice Improvement Act of 2015
requires executors of an estate and other
persons who are required to file a Form
706, Form 706–NA, or Form 706–A, to
report to the Internal Revenue Service
(IRS) and to each beneficiary receiving
property from an estate the estate tax
value of the property, if the return is
filed after July 31, 2015. Form 8971 is
used to report to the IRS and a Schedule
A will be sent to each beneficiary and
a copy of each Schedule A will be
attached to the Form 8971. Some
property received by a beneficiary may
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have a consistency requirement,
meaning that the beneficiary must use
the value reported on the Schedule A as
the beneficiary’s initial basis of the
property. A beneficiary is an individual,
trust, or other estate who has acquired
(or is expected to acquire) property from
the estate. If the executor is also a
beneficiary who has acquired (or is
expected to acquire) property from the
estate, the executor is a beneficiary for
purposes of the Form 8971 and the
attached Schedule A.
Form Number: IRS Form 8971.
Affected Public: Businesses or other
for-profit organizations; Individuals or
Households; Not-for-profit institutions.
Estimated Number of Respondents:
10,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 10,000.
Estimated Time per Response: 20
hours.
Estimated Total Annual Burden
Hours: 200,000.
Authority: 44 U.S.C. 3501 et seq.
Dated: April 26, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2021–08993 Filed 4–28–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Capital
Magnet Fund Application and
Performance Report
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
public is invited to submit comments on
these requests.
DATES: Comments must be received on
or before June 1, 2021.
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.
SUMMARY:
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[Federal Register Volume 86, Number 81 (Thursday, April 29, 2021)]
[Notices]
[Pages 22784-22791]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-08993]
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
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 must be received on or before June 1, 2021.
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: Railroad Retirement Tax Act (Form CT-1 and CT-1X).
OMB Control Number: 1545-0001.
Type of Review: Revision of a currently approved collection.
Description: Railroad employers are required to file an annual
return to report employer and employee Railroad Retirement Tax Act
(RRTA) taxes. Form CT-1 is used for this purpose. The IRS uses the
information to ensure that the employer has paid the correct tax. Form
CT-1X is used to correct previously filed Forms CT-1. We have
significantly revised the 2020 Form CT-1 to allow for
[[Page 22785]]
the reporting of new employment tax credits and the deferral of deposit
and payment of certain taxes from the following provisions.
Public Law 116-127: Section 7001, Payroll credit for
required paid sick leave; Section 7003, Payroll credit for required
family leave; and Section 7005, Wages paid by reason of the Emergency
Paid Sick Leave Act and the Emergency Family and Medical Leave
Expansion Act not considered compensation under section 3221(a)
Public Law 116-136: Section 2301 Employee Retention
Credit; and Section 2302, Delay of payment for employer payroll taxes.
Form Number: IRS Form CT-1 and IRS Form CT-1 X.
Affected Public: Businesses or other for-profit organizations; not-
for-profit institutions; and State, Local, or Tribal governments.
Estimated Number of Respondents: 1,900 for CT-1; 500 for CT-1X.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 2,400.
Estimated Time per Response: 18 hours, 56 minutes for CT-1;
31hours, 14 minutes for CT-1X.
Estimated Total Annual Burden Hours: 51,055 hours.
2. Title: Claim for Refund and Request for Abatement.
OMB Control Number: 1545-0024.
Type of Review: Extension of a currently approved collection.
Description: Internal Revenue Code section 6402, 6404, and sections
301.6402-2, 301.6404-1, and 301.6404-3 of the regulations allow for
refunds of taxes (except income taxes) or refund, abatement, or credit
of interest, penalties, and additions to tax in the event of errors or
certain actions by the IRS. Form 843 is used by taxpayers to claim
these refunds, credits, or abatements.
Form Number: IRS Form 843.
Affected Public: Businesses or other for-profit organizations;
individuals or households, not-for-profit institutions; and State,
Local or Tribal governments.
Estimated Number of Respondents: 550,500.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 550,500.
Estimated Time per Response: 1 hour, 35 minutes.
Estimated Total Annual Burden Hours: 875,295 hours.
3. Title: Form 1040-SS--U.S. Self-Employment Tax Return; Form 1040-
PR--Planilla Para La Declaracion De La Contribucion Federal Sobre El
Trabajo Por Cuenta Propia, Anejo H-PR (1040 Sch H--PR)
OMB Control Number: 1545-0090.
Type of Review: Extension of a currently approved collection.
Description: Form 1040-PR is used by self-employed individuals to
figure and report self-employment tax under IRC chapter 2 of Subtitle
A, and provide credit to the taxpayer's social security account. Anejo
H-PR is used to compute household employment taxes and the Form 1040-PR
burden calculation includes this burden of 2,400 responses with 5,376
hours. Form 1040-SS is used by self-employed individuals to figure and
report self-employment tax under IRC chapter 2 of Subtitle A, and
provide credit to the taxpayer's social security account. Both of these
forms are also used by bona-fide residents of Puerto Rico to claim the
additional child tax credit.
Form Number: IRS Form 1040-PR, IRS Form 1040-SS, IRS Form 1040 (Sch
H) PR.
Affected Public: Individuals or households; and Businesses or other
for-profit organizations.
Estimated Number of Respondents: 202,831.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 202,831.
Estimated Time per Response: 2.51 hours to 12.23 hours.
Estimated Total Annual Burden Hours: 2,436,178 hours.
4. Title: U.S. Information Return-Trust Accumulation of Charitable
Amounts.
OMB Control Number: 1545-0094.
Type of Review: Extension of a currently approved collection.
Description: Form 1041-A is used to report the information required
in Internal Revenue Code section 6034 concerning accumulation and
distribution of charitable amounts. The data is used to verify the
amounts for which a charitable deduction was allowed are used for
charitable purposes.
Form Number: IRS Form 1041-A.
Affected Public: Businesses or other for-profit organizations; and
Individuals or Households.
Estimated Number of Respondents: 6,700.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 6,700.
Estimated Time per Response: 36 hours, 40 minutes.
Estimated Total Annual Burden Hours: 245,622.
5. Title: Sales of Business Property.
OMB Control Number: 1545-0184.
Type of Review: Extension of a currently approved collection.
Description: Form 4797 is used by taxpayers to report sales,
exchanges, or involuntary conversions of assets used in a trade or
business. It is also used to compute ordinary income from recapture and
the recapture of prior year losses under section 1231 of the Internal
Revenue Code.
Form Number: IRS Form 4797.
Affected Public: Businesses or other for-profit organizations;
Individuals or Households.
Estimated Number of Respondents: 325,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 325,000.
Estimated Time per Response: 51 hours, 7 minutes.
Estimated Total Annual Burden Hours: 16,614,000.
6. Title: Request for Change in Plan/Trust Year (Form 5308).
OMB Control Number: 1545-0201.
Type of Review: Extension of a currently approved collection.
Description: Form 5308 is used to request permission to change the
plan or trust year for a pension benefit plan. The information
submitted is used in determining whether IRS should grant permission
for the change.
Form Number: IRS Form 5308.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 20.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 20.
Estimated Time per Response: 42 minutes.
Estimated Total Annual Burden Hours: 14.
7. Title: Monthly Tax Return for Wagers.
OMB Control Number: 1545-0235.
Type of Review: Extension of a currently approved collection.
Description: Form 730 is used to identify taxable wagers under
Internal Revenue Code section 4401 and collect the tax monthly. The
information is used to determine if persons accepting wagers are
correctly reporting the amount of wagers and paying the required tax.
Form Number: IRS Form 730.
Affected Public: Businesses or other for-profit organizations;
Individuals or Households.
Estimated Number of Respondents: 51,084.
Frequency of Response: Monthly.
Estimated Total Number of Annual Responses: 51,084.
Estimated Time per Response: 8 hours, 11 minutes.
Estimated Total Annual Burden Hours: 418,378.
8. Title: Application for Determination of Employee Stock Ownership
Plan.
[[Page 22786]]
OMB Control Number: 1545-0284.
Type of Review: Extension of a currently approved collection.
Description: Internal Revenue Code section 404(a) allows employers
an income tax deduction for contributions to their qualified deferred
compensation plans. Form 5309 is used to request an IRS determination
letter about whether the plan is qualified under Code section 409 or
4975(e)(7).
Form Number: IRS Form 5309.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 2,500.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 2,500.
Estimated Time per Response: 10 hours, 47 minutes.
Estimated Total Annual Burden Hours: 26,975.
9. Title: Credit for Increasing Research Activities.
OMB Control Number: 1545-0619.
Type of Review: Extension of a currently approved collection.
Description: Internal Revenue Code section 38 allows a credit
against income tax (Determined under IRC section 41) for an increase in
research activities in a trade or business. Form 6765 is used by
businesses and individuals engaged in a trade or business to figure and
report the credit. The data is used to verify that the credit claimed
is correct.
Form Number: IRS Form 6765.
Affected Public: Businesses or other for-profit organizations;
Individuals or Households.
Estimated Number of Respondents: 15,805.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 15,805.
Estimated Time per Response: 18 hours, 2 minutes.
Estimated Total Annual Burden Hours: 285,281.
10. Title: Manufacturers Excise Taxes on Sporting Goods and
Firearms and Other Administrative Provisions of Special Application to
Manufacturers and Retailers Excise Taxes; Reporting and Recordkeeping
Requirements.
OMB Control Number: 1545-0723.
Type of Review: Extension of a currently approved collection.
Description: The Internal Revenue Code impose excise taxes on the
sale or use of certain articles. Code section 6416 allows a credit or
refund of the tax to manufacturers in certain cases. Code sections
6420, 6421, and 6427 allow credits or refunds of the tax to certain
users of the articles. This regulation contains reporting and
recordkeeping requirements that enable the IRS and taxpayers to verify
that the proper amount of tax is reported or excluded.
Regulation Project Number: TD 8043.
Affected Public: Businesses or other for-profit organizations, Not-
for-profit institutions.
Estimated Number of Respondents: 1,500,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 1,500,000.
Estimated Time per Response: 19 minutes.
Estimated Total Annual Burden Hours: 475,000.
11. Title: Employer/Payer Appointment of Agent (Form 2678).
OMB Control Number: 1545-0748.
Type of Review: Extension of a currently approved collection.
Description: Internal Revenue Code section 3504 authorizes a
fiduciary, agent, or other person to perform acts of an employer for
purposes of employment taxes. Form 2678 is used to empower an agent
with the responsibility and liability of collecting and paying the
employment taxes including backup withholding and filing the
appropriate tax return.
Form Number: IRS Form 2678.
Affected Public: Businesses or other for-profit organizations; Not-
for-profit institutions.
Estimated Number of Respondents: 6,130,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 6,130,000.
Estimated Time per Response: 2 hours, 14 minutes.
Estimated Total Annual Burden Hours: 13,731,200.
12. Title: Product Liability Losses and Accumulations for Product
Liability Losses.
OMB Control Number: 1545-0863.
Type of Review: Extension of a currently approved collection.
Description: T.D. 8096 provides final regulations relating to
product liability losses and accumulations for the payment of
reasonable anticipated product liability losses. Changes to the
applicable tax law were made by the Revenue Act of 1978. Generally, a
taxpayer who sustains a product liability loss must carry the loss back
10 years. However, a taxpayer may elect to have such loss treated as a
regular net operating loss under section 172. If desired, such election
is made by attaching a statement to the tax return. This statement will
enable the IRS to monitor compliance with the statutory requirements.
Regulation Project Number: TD 8096.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 5,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 5,000.
Estimated Time per Response: 0.5 hour.
Estimated Total Annual Burden Hours: 2,500.
13. Title: Acquisition or Abandonment of Secured Property.
13. Title: Acquisition or Abandonment of Secured Property.
OMB Control Number: 1545-0877.
Type of Review: Extension of a currently approved collection.
Description: Form 1099-A is used by persons who lend money in
connection with a trade or business, and who acquire an interest in the
property that is security for the loan or who have reason to know that
the property has been abandoned, to report the acquisition or
abandonment.
Form Number: IRS Form 1099-A.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 466,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 466,000.
Estimated Time per Response: 9 minutes.
Estimated Total Annual Burden Hours: 74,560.
14. Title: Mortgage Credit Certificates (MCCs).
OMB Control Number: 1545-0922.
Type of Review: Extension of a currently approved collection.
Description: Mortgage Credit Certificates provide qualified holders
of the certificates with a credit against income tax liability. In
general, an Issuer elects to establish a mortgage credit certificate
program in lieu of issuing qualified mortgage revenue bonds. Section 25
of the Code permits states and political subdivisions to elect to issue
Mortgage Credit Certificates in lieu of qualified mortgage revenue
bonds. Form 8329 is used by lending institutions and Form 8330 is used
by state and local governments to provide the IRS with information on
the issuance of mortgage credit certificates (MCCs) authorized under
Internal Revenue Code section 25. IRS matches the information supplied
by lenders and issuers to ensure that the credit is computed properly.
Form Number: IRS Form 8329 and IRS Form 8330.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 10,000 for Form 8329, 2,000 for
Form 8330.
[[Page 22787]]
Frequency of Response: Annually for Form 8329, Quarterly for Form
8330.
Estimated Total Number of Annual Responses: 10,000 for Form 8329,
2,000 for Form 8330.
Estimated Time per Response: 5 hours, 53 minutes for Form 8329; 7
hours, 28 minutes for Form 8330.
Estimated Total Annual Burden Hours: 73,720.
15. Title: Low-Income Housing Credit Allocation and Certification.
OMB Control Number: 1545-0988.
Type of Review: Extension of a currently approved collection.
Description: Owners of residential low-income rental buildings are
allowed a low-income housing credit for each qualified building over a
10-year credit period. Form 8609 can be used to obtain a housing credit
allocation from the housing credit agency. A separate Form 8609 must be
issued for each building in a multiple building project. Form 8609 is
also used to certify certain information. Form 8609-A is filed by a
building owner to report compliance with the low-income housing
provisions and calculate the low-income housing credit. Form 8609-A
must be filed by the building owner for each year of the 15-year
compliance period. File one Form 8609-A for the allocation(s) for the
acquisition of an existing building and a separate Form 8609-A for the
allocation(s) for rehabilitation expenditures.
Form Number: IRS Form 8609, IRS Form 8609-A.
Affected Public: Businesses or other for-profit organizations; Not-
for-profit institutions.
Estimated Number of Respondents: 30,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 30,000.
Estimated Time per Response: 18 hours, 16 minutes.
Estimated Total Annual Burden Hours: 414,915.
16. Title: Passive Activity Loss Limitations.
OMB Control Number: 1545-1008.
Type of Review: Extension of a currently approved collection.
Description: Internal Revenue Code section 469 limits the passive
activity losses that a taxpayer may deduct. The passive activity losses
from passive activities, to the extent that they exceed income from
passive activities, cannot be deducted against nonpassive income. Form
8582 is used to figure the passive activity loss allowed and the actual
loss to be reported on the tax returns.
Form Number: IRS Form 8582.
Affected Public: Individuals or Households; Estates and Trusts.
Estimated Number of Respondents: 250,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 250,000.
Estimated Time per Response: 3 hours, 30 minutes.
Estimated Total Annual Burden Hours: 875,000.
17. Title: Salary Reduction Simplified Employee Pension-Individual
Retirement Accounts Contribution Agreement.
OMB Control Number: 1545-1012.
Type of Review: Extension of a currently approved collection.
Description: Form 5305A-SEP is used by an employer to make an
agreement to provide benefits to all employees under a Simplified
Employee Pension (SEP) described in Internal Revenue Code section
408(k). This form is not to be filed with the IRS, but is to be
retained in the employer's records as proof of establishing a SEP and
justifying a deduction for contributions made to the SEP.
Form Number: IRS Form 5305A-SEP.
Affected Public: Businesses or other for-profit organizations;
Individuals or Households.
Estimated Number of Respondents: 100,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 100,000.
Estimated Time per Response: 9 hours, 43 minutes.
Estimated Total Annual Burden Hours: 972,000.
18. Title: Adjustments to Basis of Stock and Indebtedness to
Shareholders of S Corporations and Treatment of Distributions by S
Corporations to Shareholders.
OMB Control Number: 1545-1139.
Type of Review: Extension of a currently approved collection.
Description: TD 9428 and TD 9300 contains final regulations
relating to the passthrough of items of an S corporation to its
shareholders, the adjustments to the basis of stock of the
shareholders, and the treatment of distributions by an S corporation.
Changes to the applicable law were made by the Subchapter S Revision
Act of 1982, the Tax Reform Act of 1984, the Tax Reform Act of 1986,
the Technical and Miscellaneous Revenue Act of 1988, and the Small
Business Job Protection Act of 1996. These regulations provide the
public with guidance needed to comply with the applicable law and will
affect S corporations and their shareholders.
Regulation Project Number: TD 9428, TD 9300.
Affected Public: Businesses or other for-profit organizations;
Individuals or Households.
Estimated Number of Respondents: 2,250.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 2,250.
Estimated Time per Response: 12 minutes.
Estimated Total Annual Burden Hours: 450.
19. Title: Low-Income Housing Credit Agencies Report of
Noncompliance or Building Disposition.
OMB Control Number: 1545-1204.
Type of Review: Extension of a currently approved collection.
Description: Under Internal Revenue Code section 42(m)(1)(B)(iii),
state housing credit agencies are required to notify the IRS of
noncompliance with the low-income housing tax credit provisions. A
separate form must be filed for each building that is not in
compliance. The IRS uses this information to determine whether the low-
income housing credit is being correctly claimed and whether there is
any credit recapture.
Form Number: IRS Form 8823.
Affected Public: State and Local governments.
Estimated Number of Respondents: 20,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 20,000.
Estimated Time per Response: 15.16 hours.
Estimated Total Annual Burden Hours: 303,200.
20. Title: Disclosure of Tax Return Information for Purposes of
Quality or Peer Reviews, Due to Incapacity or Death of Tax Return
Preparer.
OMB Control Number: 1545-1209.
Type of Review: Extension of a currently approved collection.
Description: These regulations govern the circumstances under which
tax return information may be disclosed for purposes of conducting
quality or peer reviews, and disclosures that are necessary because of
the tax return preparer's death or incapacity.
Regulation Project Number: TD 8383.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 250,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 250,000.
Estimated Time per Response: 1 hour.
Estimated Total Annual Burden Hours: 250,000.
21. Title: Treaty-Based Return Position Disclosure.
OMB Control Number: 1545-1354.
Type of Review: Extension of a currently approved collection.
[[Page 22788]]
Description: Form 8833 is used by taxpayers that are required by
section 6114 to disclose a treaty-based return position to disclose
that position. The form may also be used to make the treaty-based
position disclosure required by regulations section 301.7701(b)-7(b)
for ``dual resident'' taxpayers.
Form Number: IRS Form 8833.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 4,100.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 4,100.
Estimated Time per Response: 6 hours 16 minutes.
Estimated Total Annual Burden Hours: 25,740.
22. Title: Information Reporting by Passport Applicants.
OMB Control Number: 1545-1359.
Type of Review: Extension of a currently approved collection.
Description: The final regulations in TD 9679 provide information
reporting rules for certain passport applicants. These final
regulations apply to certain individuals applying for passports
(including renewals) and provide guidance to such individuals about the
information that must be included with their passport application.
Regulation Project Number: TD 9679.
Affected Public: Individuals or Households.
Estimated Number of Respondents: 12,133,537.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 12,133,537.
Estimated Time per Response: 6 minutes.
Estimated Total Annual Burden Hours: 1,213,354.
23. Title: Methods to Determine Taxable Income in connection with a
Cost Sharing Arrangement--IRC section 482.
OMB Control Number: 1545-1364.
Type of Review: Extension of a currently approved collection.
Description: TD 9568 contains final regulations regarding methods
to determine taxable income in connection with a cost sharing
arrangement under section 482 of the Internal Revenue Code (Code). The
final regulations address issues that have arisen in administering the
current cost sharing regulations. The final regulations affect domestic
and foreign entities that enter into cost sharing arrangements
described in the final regulations.
Regulation Project Number: TD 9568.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 500.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 500.
Estimated Time per Response: 18 hours, 42 minutes.
Estimated Total Annual Burden Hours: 9,350.
24. Title: Carryover of Passive Activity Losses and Credits and At-
Risk losses to Bankruptcy Estates of Individuals.
OMB Control Number: 1545-1375.
Type of Review: Extension of a currently approved collection.
Description: TD 8537 contains final regulations relate to the
application of carryover of passive activity losses and credits and at-
risk losses to the bankruptcy estates of individuals. The final
regulations affect individual taxpayers who file bankruptcy petitions
under chapter 7 or chapter 11 of title 11 of the United States Code and
have passive activity losses and credits under section 469 or losses
under section 465.
Regulation Project Number: TD 8537.
Affected Public: Individuals or Households.
Estimated Number of Respondents: 500.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 500.
Estimated Time per Response: 12 minutes.
Estimated Total Annual Burden Hours: 100.
25. Title: Diesel Fuel and Kerosene Excise Tax; Dye Injection.
OMB Control Number: 1545-1418.
Type of Review: Extension of a currently approved collection.
Description: In order for diesel fuel and kerosene that is used in
a nontaxable use to be exempt from tax under section 4082(a), it must
be indelibly dyed by use of a mechanical dye injection system that
satisfies the requirements in the regulations. These regulations affect
certain enterers, refiners, terminal operators, and throughputters.
Regulation Project Number: TD 9199.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 1.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 1.
Estimated Time per Response: 1 hour.
Estimated Total Annual Burden Hours: 1.
26. Title: Continuation Coverage Requirements Application to Group
Health Plans.
OMB Control Number: 1545-1581.
Type of Review: Extension of a currently approved collection.
Description: The regulations require group health plans to provide
notices to individuals who are entitled to elect COBRA (The
Consolidated Omnibus Budget Reconciliation Act of 1985) continuation
coverage of their election rights. Individuals who wish to obtain the
benefits provided under the statute are required to provide plans
notices in the cases of divorce from the covered employee, a dependent
child's ceasing to be dependent under the terms of the plan, and
disability. Most plans will require that elections of COBRA
continuation coverage be made in writing. In cases where qualified
beneficiaries are short by an insignificant amount in a payment made to
the plan, the regulations require the plan to notify the qualified
beneficiary if the plan does not wish to treat the tendered payment as
full payment. If a health care provider contacts a plan to confirm
coverage of a qualified beneficiary, the regulations require that the
plan disclose the qualified beneficiary's complete rights to coverage.
Regulation Project Number: REG-209485-86 (TD 8812).
Affected Public: Businesses or other for-profit organizations;
Individuals or Households; Not-for-profit institutions.
Estimated Number of Respondents: 12,079,600.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 12,079,600.
Estimated Time per Response: Varies from 30 seconds to 330 hours,
depending on individual circumstances, with an estimated average of 14
minutes.
Estimated Total Annual Burden Hours: 404,640.
27. Title: Form W-8BEN, Certificate of Foreign Status of Beneficial
Owner for United States Tax Withholding and Reporting (Individual),
Form W-8BEN-E, Certificate of Status of Beneficial Owner for United
States Tax Withholding and Reporting (Entities), Form W-
8ECI,Certificate of Foreign Person's Claim That Income Is Effectively
Connected With the Conduct of a Trade or Business in the United States,
Form W-8EXP, Certificate of Foreign Government or Other Foreign
Organization for United States Tax Withholding and Reporting, Form W-
8IMY, Certificate of Foreign Intermediary, Foreign Flow-Through Entity,
or Certain U.S. Branches for United States Tax Withholding and
Reporting.
OMB Control Number: 1545-1621.
Type of Review: Extension of a currently approved collection.
[[Page 22789]]
Description: Form W-8BEN is used for certain types of income to
establish that the person is a foreign person, is the beneficial owner
of the income for which Form W-8BEN is being provided and, if
applicable, to claim a reduced rate of, or exemption from, withholding
as a resident of a foreign country with which the United States has an
income tax treaty. Form W-8ECI is used to establish that the person is
a foreign person and the beneficial owner of the income for which Form
W-8ECI is being provided, and to claim that the income is effectively
connected with the conduct of a trade or business within the United
States. Form W-8EXP is used by a foreign government, international
organization, foreign central bank of issue, foreign tax-exempt
organization, or foreign private foundation. The form is used by such
persons to establish foreign status, to claim that the person is the
beneficial owner of the income for which Form W-8EXP is given and, if
applicable, to claim a reduced rate of, or exemption from, withholding.
Form W-8IMY is provided to a withholding agent or payer by a foreign
intermediary, foreign partnership, and certain U.S. branches to make
representations regarding the status of beneficial owners or to
transmit appropriate documentation to the withholding agent. Reg. Sec.
1.1441-1(e)(4)(iv) provides that a withholding agent may establish a
system for a beneficial owner to electronically furnish a Form W-8 or
an acceptable substitute Form W-8. Withholding agents with systems that
electronically collect Forms W-8 may voluntarily choose to participate
in the IRS EW-8 MOU Program. The EW-8 MOU Program is a collaborative
process between the withholding agents and IRS.
Form Number: W-8BEN, W-8BEN-E, W-8ECI, W-8EXP, and W-8IMY.
Affected Public: Businesses or other for-profit organizations;
Individuals or Households; Not-for-profit institutions.
Estimated Number of Respondents: 3,390,640.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 3,390,640.
Estimated Time per Response: 7.18 hours to 26.45 hours.
Estimated Total Annual Burden Hours: 29,291,380.
28. Title: Limitations on Credit or Refund.
OMB Control Number: 1545-1649.
Type of Review: Extension of a currently approved collection.
Description: Generally, under section 6511(a), a taxpayer must file
a claim for credit or refund of tax within three years after the date
of filing a tax return or within two years after the date of payment of
the tax, whichever period expires later. Under section 6511(h), the
statute of limitations on claims for credit or refund is suspended for
any period of an individual taxpayer's life during which the taxpayer
is unable to manage his or her financial affairs because of a medically
determinable mental or physical impairment, if the impairment can be
expected to result in death, or has lasted (or can be expected to last)
for a continuous period of not less than 12 months.
Revenue Procedure: Revenue Procedure 99-21.
Affected Public: Individuals or Households.
Estimated Number of Respondents: 48,200.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 48,200.
Estimated Time per Response: 30 minutes.
Estimated Total Annual Burden Hours: 24,100.
29. Title: American Jobs Creation Act (AJCA) Modifications to the
Section 6112 Regulations.
OMB Control Number: 1545-1686.
Type of Review: Extension of a currently approved collection.
Description: TD 9352 contains final regulations under section 6112
of the Internal Revenue Code that provide the rules relating to the
obligation of material advisors to prepare and maintain lists with
respect to reportable transactions. These regulations affect material
advisors responsible for keeping lists under section 6112.
Regulation Project and Form Numbers: TD 9352; Form 13976.
Affected Public: Businesses or other for-profit organizations;
Individuals or Households; Not-for-profit institutions.
Estimated Number of Respondents: 500.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 500.
Estimated Time per Response: 100 hours.
Estimated Total Annual Burden Hours: 50,000.
30. Title: Amended Quarterly Federal Excise Tax Return.
OMB Control Number: 1545-1759.
Type of Review: Extension of a currently approved collection.
Description: Form 720X is used to make adjustments to liability
reported on forms 720 you have filed for previous quarters. It can be
filed by itself or it can be attached to any subsequent Form 720. Code
section 6416(d) allows taxpayers to take a credit on a subsequent
return rather than filing a refund claim. The creation of Form 720X is
to provide a uniform standard for trust fund accounting.
Form Number: IRS Form 720-X.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 5,500.
Frequency of Response: Quarterly.
Estimated Total Number of Annual Responses: 22,000.
Estimated Time per Response: 6 hours, 56 minutes.
Estimated Total Annual Burden Hours: 152,460.
31. Title: Payments from Qualified Education Programs (Under
Sections 529 and 530).
OMB Control Number: 1545-1760.
Type of Review: Extension of a currently approved collection.
Description: Form 1099-Q is used to report distributions from
private and state qualified tuition programs as required under Internal
Revenue Code sections 529 and 530. A Form 1099-Q is filed if you (a)
are an officer or an employee, or the designee of an officer or
employee, having control of a program established by a state or
eligible educational institution; and (b) made a distribution from a
qualified tuition program (QTP). A trustee of a Coverdell education
savings account (ESA) must file Form 1099-Q to report distributions
made from Coverdell ESAs. To lessen the burden for payers, Form 1099-Q
was developed to report distributions from private and state qualified
tuition programs. A copy of the Form 1099-Q must be furnished to the
recipient.
Form Number: IRS Form 1099-Q.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 3,689,800.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 3,689,800.
Estimated Time per Response: 13 minutes.
Estimated Total Annual Burden Hours: 811,756.
32. Title: Electronic Deposit of Tax Refund of $1 Million or More.
OMB Control Number: 1545-1763.
Type of Review: Extension of a currently approved collection.
Description: IRS Form 8302 is used to request an electronic deposit
of a tax refund of $1 million or more directly into an account at any
U.S. bank or other financial institution that accepts electronic
deposits.
Form Number: IRS Form 8302.
Affected Public: Businesses or other for-profit organizations;
Individuals or Households.
[[Page 22790]]
Estimated Number of Respondents: 584.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 2.96 hours.
Estimated Time per Response: 584.
Estimated Total Annual Burden Hours: 1,729.
33. Title: Optional election to make monthly 706(a) computations.
OMB Control Number: 1545-1768.
Type of Review: Extension of a currently approved collection.
Description: Revenue Procedure 2003-84 allows certain partnerships
that invest in tax-exempt obligations to make an election that enables
the partners to take into account monthly the inclusions required under
sections 702 and 707(c) of the Code and provides rules for partnership
income tax reporting under section 6031 for such partnerships. Rev.
Proc. 2002-68 modified and superseded.
Revenue Procedure Number: Revenue Procedure 2003-84.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 1,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 1,000.
Estimated Time per Response: 30 minutes.
Estimated Total Annual Burden Hours: 500.
34. Title: Guidance under Sections 897, 1445, and 6109 to require
use of Taxpayer Identifying Numbers on Submission under the Section 897
and 1445.
OMB Control Number: 1545-1797.
Type of Review: Extension of a currently approved collection.
Description: The collection of information relates to applications
for withholding certificates under section 1.1445-3 to be filed with
the IRS with respect to (1) dispositions of U.S. real property
interests that have been used by foreign persons as a principle
residence within the prior 5 years and excluded from gross income under
section 121 and (2) dispositions of U.S. real property interests by
foreign persons in deferred like kind exchanges that qualify for
nonrecognition under section 1031.
Regulation Project Number: TD 9082; TD 9751.
Affected Public: Businesses or other for-profit organizations;
Individual or Households.
Estimated Number of Respondents: 150.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 150.
Estimated Time per Response: 4 hours.
Estimated Total Annual Burden Hours: 600.
35. Title: Government Service Information.
OMB Control Number: 1545-1919.
Type of Review: Extension of a currently approved collection.
Description: The hiring process requires applicants to provide IRS
with specific information to verify previous employment history. Form
12854, Government Service Information, requests information from
applicants who were previously employed by the Federal Government. The
information on the form is needed to assist in providing information
for pay setting determinations of potential new employees.
Form Number: IRS Form 12854.
Affected Public: Individuals or Households.
Estimated Number of Respondents: 24,813.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 24,813.
Estimated Time per Response: 15 minutes.
Estimated Total Annual Burden Hours: 6,203.
36. Title: Certificate of Partner-Level Items to Reduce Section
1446 Withholding.
OMB Control Number: 1545-1934.
Type of Review: Extension of a currently approved collection.
Description: Form 8804-C is used by a foreign partner that
voluntary submit to the partnership if it chooses to provide a
certification that could reduce or eliminate the partnership's
withholding tax obligation under section 1446 (1446 tax) on the
partner's allocable share of effectively connected income (ECTI) from
the partnership. TD 9394 contains final regulations regarding when a
partnership may consider certain deductions and losses of a foreign
partner to reduce or eliminate the partnership's obligation to pay
withholding tax under section 1446 on effectively connected taxable
income allocable under section 704 to such partner.
Form Number: IRS Form 8804-C; TD 9394.
Affected Public: Businesses or other for-profit organizations;
Individuals or Households; Not-for-Profit Organizations.
Estimated Number of Respondents: 1,001.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 1,001.
Estimated Time per Response: 18 hours, 42 minutes.
Estimated Total Annual Burden Hours: 18,701.
37. Title: Excise Tax on Certain Transfers of Qualifying Geothermal
or Mineral Interests.
OMB Control Number: 1545-2099.
Type of Review: Extension of a currently approved collection.
Description: Form 8924, Excise Tax on Certain Transfers of
Qualifying Geothermal or Mineral Interests, is required by Section 403
of the Tax Relief and Health Care Act of 2006 which imposes an excise
tax on certain transfers of qualifying mineral or geothermal interests.
Form Number: IRS Form 8924.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 20.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 20.
Estimated Time per Response: 5 hours, 33 minutes.
Estimated Total Annual Burden Hours: 111.
38. Title: Form 3921, Exercise of an Incentive Stock Option Under
Section 422(b), Information Reporting Requirements Under Internal
Revenue Service Code Section 6039, and Form 3922, Transfer of Stock
Acquired Through an Employee Stock Purchase Plan Under Section 423(c).
OMB Control Number: 1545-2129.
Type of Review: Extension of a currently approved collection.
Description: Form 3921 is a copy of the information return filed
with the Internal Revenue Service by the corporation which transferred
shares of stock to a recipient. Form 3922 is used by the corporation to
record a transfer of the legal title of a share of stock acquired by
the employee where the stock was acquired pursuant to the exercise of
an option described in Internal Revenue Code section 423(c). These
forms are required to be filed for stock transfers occurring after
2008. TD 9470 contains the final regulations relating to the return and
information statement requirements under Internal Revenue Code section
6039. These regulations reflect changes to section 6039 made by section
403 of the Tax Relief and Health Care Act of 2006. These regulations
affect corporations that issue statutory stock options and provide
guidance to assist corporations in complying with the return and
information statement requirements under section 6039.
Form Number: IRS Form 3921, IRS Form 3922, TD 9470.
Affected Public: Businesses or other for-profit organizations;
Individuals or Households.
[[Page 22791]]
Estimated Number of Respondents: 51,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 51,000.
Estimated Time per Response: 29 minutes.
Estimated Total Annual Burden Hours: 25,205.
39. Title: Payout Requirements for Type III Supporting
Organizations that are not Functionally Integrated.
OMB Control Number: 1545-2157.
Type of Review: Extension of a currently approved collection.
Description: TD 9605 contains final regulations regarding the
requirements to qualify as a Type III supporting organization that is
operated in connection with one or more supported organizations. The
regulations reflect changes to the law made by the Pension Protection
Act of 2006. The regulations will affect Type III supporting
organizations and their supported organizations.
Form Number: TD 9605 (REG-155929-06).
Affected Public: Not-for-profit institutions; State, Local, or
Tribal Governments.
Estimated Number of Respondents: 11,994.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 11,994.
Estimated Time per Response: 2 hours.
Estimated Total Annual Burden Hours: 23,988.
40. Title: Statement of Liability of Lender, Surety, or Other
Person for Withholding Taxes.
OMB Control Number: 1545-2254.
Type of Review: Extension of a currently approved collection.
Description: Third parties who directly pay another's payrolls can
be held liable for the full amount of taxes required to be withheld but
not paid to the Government (subject to the 25% limitation). IRC 3505
deals with persons who supply funds to an employer for the purpose of
paying wages. The notification that a third party is paying or
supplying wages will usually be made by filing of the Form 4219,
Statement of Liability of Lender, Surety, or Other Person for
Withholding Taxes. The Form 4219, Statement of Liability of Lender,
Surety, or Other Person for Withholding Taxes is to be submitted and
associated with each employer and for every calendar quarter for which
a liability under section 3505 is incurred.
Form Number: IRS Form 4219.
Affected Public: Businesses and other for-profit organizations,
Not-for-profit institutions, Farms, Federal Government, State, Local,
or Tribal Government.
Estimated Number of Respondents: 1,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 1,000.
Estimated Time per Response: 12 hours, 50 minutes.
Estimated Total Annual Burden Hours: 12,833.
41. Title: ABLE Account Contribution Information and Distributions
from ABLE Accounts.
OMB Control Number: 1545-2262.
Type of Review: Extension of a currently approved collection.
Description: Public Law 113-295, ABLE Act of 2014, granted States,
agencies and/or their instrumentalities the authority to allow for the
establishment of special accounts that allow individuals and families
to set aside money for the purpose of supporting individuals with
disabilities to maintain health, independence, and quality of life,
without impacting eligibility for other social service financial
assistance programs such as Medicaid. Form 5498-QA is used to report to
the beneficiaries the contributions, rollovers, and program to program
transfers associated with these accounts. Form 1099-QA allows these
individuals and families to draw from the special account.
Affected Public: Individuals or Households.
Estimated Number of Respondents: 20,000.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 20,000.
Estimated Time per Response: 10 minutes to 11 minutes.
Estimated Total Annual Burden Hours: 3,600.
42. Title: Information Regarding Beneficiaries Acquiring Property
from a Decedent.
OMB Control Number: 1545-2264.
Type of Review: Extension of a currently approved collection.
Description: The Surface Transportation and Veterans Health Care
Choice Improvement Act of 2015 requires executors of an estate and
other persons who are required to file a Form 706, Form 706-NA, or Form
706-A, to report to the Internal Revenue Service (IRS) and to each
beneficiary receiving property from an estate the estate tax value of
the property, if the return is filed after July 31, 2015. Form 8971 is
used to report to the IRS and a Schedule A will be sent to each
beneficiary and a copy of each Schedule A will be attached to the Form
8971. Some property received by a beneficiary may have a consistency
requirement, meaning that the beneficiary must use the value reported
on the Schedule A as the beneficiary's initial basis of the property. A
beneficiary is an individual, trust, or other estate who has acquired
(or is expected to acquire) property from the estate. If the executor
is also a beneficiary who has acquired (or is expected to acquire)
property from the estate, the executor is a beneficiary for purposes of
the Form 8971 and the attached Schedule A.
Form Number: IRS Form 8971.
Affected Public: Businesses or other for-profit organizations;
Individuals or Households; Not-for-profit institutions.
Estimated Number of Respondents: 10,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 10,000.
Estimated Time per Response: 20 hours.
Estimated Total Annual Burden Hours: 200,000.
Authority: 44 U.S.C. 3501 et seq.
Dated: April 26, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2021-08993 Filed 4-28-21; 8:45 am]
BILLING CODE 4830-01-P