Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service (IRS) Information Collection Requests, 64852-64855 [2022-23309]
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64852
Federal Register / Vol. 87, No. 206 / Wednesday, October 26, 2022 / Notices
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Dated: October 20, 2022.
Steven B. Levine,
Manager, Team 1940, CSDC—Compliance
Support, Development & Communications,
LB&I:WEIIC:IIC:T4.
[FR Doc. 2022–23233 Filed 10–25–22; 8:45 am]
BILLING CODE 4830–01–P
Middle name/initials
Jkt 259001
MARY HARRIETT
KELLY
DANIEL
HELENE
B.
CHARLES
D.
C.
MITCHELL
DEARBORN
W.
ELIZABETH
MARIE
JAMES
CHARLES
MURIEL
W. M.
MEW LING
HYO
ROBERT TODD
ALBERT
A.
YONGPING
MICHAEL
KRISTEN
JOHN
Notice.
ACTION:
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Internal Revenue Service (IRS)
Information Collection Requests
SUMMARY:
Departmental Offices, U.S.
Department of the Treasury.
18:52 Oct 25, 2022
MARTIN
JANE
T.
HERMANN
RONALD
IAN
CHIH
ALEXANDER
DEPARTMENT OF THE TREASURY
AGENCY:
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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
E:\FR\FM\26OCN1.SGM
26OCN1
Federal Register / Vol. 87, No. 206 / Wednesday, October 26, 2022 / Notices
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before November 25, 2022 to be
assured of consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Copies of the
submissions may be obtained from
Melody Braswell by emailing PRA@
treasury.gov, calling (202) 622–1035, or
viewing the entire information
collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
lotter on DSK11XQN23PROD with NOTICES1
Internal Revenue Service (IRS)
1. Title: Application of tentative
refund.
OMB Number: 1545–0098.
Form Number: 1045.
Abstract: Form 1045 is used by
individuals, estates, and trusts to apply
for a quick refund of taxes due to
carryback of a net operating loss,
unused general business credit, or claim
of right adjustment under Internal
Revenue Code section 1341(b). The
information obtained is used to
determine the validity of the
application.
Current Actions: Form 1045 has been
revised to comply with updates in
current laws and regulatory
requirements.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organizations, and farms.
Estimated Number of Respondents:
17,503.
Estimated Time per Respondent: 24
hours 29 min.
Estimated Total Annual Burden
Hours: 428,649.
2. Title: Application for Approval of
Prototype or Employer Sponsored
Individual Retirement Account.
OMB Number: 1545–0390.
Form Number: 5306.
Abstract: This application is used by
employers who want to establish an
individual retirement account trust to be
used by their employees. The
application is also used by banks and
insurance companies that want to
establish approved prototype individual
retirement accounts or annuities. The
data collected is used to determine if the
individual retirement account trust or
annuity contract meets the requirements
VerDate Sep<11>2014
17:37 Oct 25, 2022
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of Code section 408(a), 408(b), or 408(c)
so that the IRS may issue an approval
letter.
Current Actions: There is no change to
the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses and other
for-profit organizations.
Estimated Number of Respondents:
600.
Estimated Time per Respondent: 13
hours, 44 minutes.
Estimated Total Annual Burden
Hours: 8,244 hours.
3. Title: Gains and Losses From
Section 1256 Contracts and Straddles.
OMB Number: 1545–0644.
Form Number: 6781.
Abstract: Form 6781 is used by
taxpayers in computing their gains and
losses on Internal Revenue Code section
1256 contracts under the marked-tomarket rules and gains and losses under
Code section 1092 from straddle
positions. The data is used to verify that
the tax reported accurately reflects any
such gains and losses.
Current Actions: There is no change to
the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and individuals.
Estimated Number of Respondents:
5,684.
Estimated Time Per Respondent:
13.95 hours.
Estimated Total Annual Burden
Hours: 79,292 hours.
4. Title: Application for Renewal of
Enrollment to Practice Before the
Internal Revenue Service.
OMB Number: 1545–0946.
Form Number: 8554.
Abstract: The information obtained
from Form 8554 relates to the approval
of continuing professional education
programs and the renewal of the
enrollment status for those individuals
admitted (enrolled) to practice before
the Internal Revenue Service. The
information will be used by the Director
of Practice to determine the
qualifications of individuals who apply
for renewal of enrollment.
Current Actions: There are no changes
to the form since last renewal of this
collection.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
62,000.
Estimated Number of Responses:
21,000.
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64853
Estimated Time per Response: 20
minutes.
Estimated Total Annual Burden
Hours: 7,000.
Title: Application for Renewal of
Enrollment to Practice Before the
Internal Revenue Service as an Enrolled
Retirement Plan Agent (ERPA).
OMB Number: 1545–0946.
Form: 8554–EP.
Abstract: This form is used to renew
your Enrolled Retirement Plan Agent
(ERPA) status. You must renew your
enrollment status every 3 years as
determined by the last digit of your Tax
Identification Number (TIN).
Current Actions: There are no changes
being made to the form at this time.
However, there are changes to the
burden estimates due to the most
current filing data.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
750.
Estimated Number of Responses: 250.
Estimated Time per Response: 20
minutes.
Estimated Total Annual Burden
Hours: 83.
5. Title: Application for Enrollment to
Practice Before the Internal Revenue
Service.
OMB Number: 1545–0950.
Form Number: Form 23.
Abstract: Form 23 must be completed
by those who desire to practice before
the Internal Revenue Service. The
information on the form will be used by
the Director of Practice to determine the
qualifications and eligibility of
applicants for enrollment.
Current Actions: There are no changes
to Form 23.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
5,429.
Estimated Time per Respondent: 30
minutes.
Estimated Total Annual Burden
Hours: 2,715 hrs.
6. Title: Generation-Skipping Transfer
Tax Return For Terminations.
OMB Number: 1545–1145.
Form Number: 706–GS(T).
Abstract: Form 706–GS(T) is used by
trustees to compute and report the tax
due on generation-skipping transfers
that result from the termination of
interests in a trust. The IRS uses the
information to verify that the tax has
been properly computed.
Current Actions: There are no changes
being made to the form at this time.
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Federal Register / Vol. 87, No. 206 / Wednesday, October 26, 2022 / Notices
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
500.
Estimated Number of Responses: 1
hour, 22 minutes.
Estimated Total Annual Burden
Hours: 684 hours.
7. Title: Real Estate Mortgage
Investment Conduits.
OMB Number: 1545–1276.
Regulation Project: TD 8458.
Abstract: Internal Revenue Code (IRC)
section 860G provides definitions and
special rules pertaining to real estate
mortgage investment conduits (REMIC).
IRC section 860E outlines the treatment
of income in excess of daily accruals on
residual interests and imposes an excise
tax on the transfer of a residual interest
in a REMIC to a disqualified
organization. Treasury Regulations
section 1.860E–2(a)(5) requires the
REMIC to furnish, on request of the
party responsible for the tax and to the
Internal Revenue Service (IRS),
information sufficient to compute the
present value of the anticipated excess
inclusions. Treasury Regulations
sections 1.860E–2(a)(7) and 1.860E–
2(b)(2) provide that the tax will not be
imposed on the party otherwise liable
for the tax if the transferee or record
holder with interest in a pass-thru entity
furnishes an affidavit stating that they
are not a disqualified organization.
Current Actions: There is no change to
the existing collection.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses:
1,600.
Estimated Time per Respondent: 20
minutes.
Estimated Total Annual Burden
Hours: 525.
8. Title: U.S. Income Tax Return for
Qualified Funeral Trusts.
OMB Number: 1545–1593.
Form Number: 1041–QFT.
Abstract: Internal Revenue Code
section 685 allows the trustee of a
qualified funeral trust to elect to report
and pay the tax for the trust. Form
1041–QFT is used for this purpose. The
IRS uses the information on the form to
determine that the trustee filed the
proper return and paid the correct tax.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Responses:
15,000.
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17:37 Oct 25, 2022
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Estimated Time per Response: 18.5
hours.
Estimated Total Annual Burden
Hours: 277,500.
9. Title: Aid of Construction Under
Section 118(c).
OMB Number: 1545–1639.
Regulation Project Number: TD 8936.
Abstract: This regulation provides
guidance with respect to section 118(c),
which provides that a contribution in
aid of construction received by a
regulated public water or sewage utility
is treated as a contribution to the capital
of the utility and excluded from gross
income.
Current Actions: There is no change to
the burden previously approved by
OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
300.
Estimated Time per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 300 hrs.
Title: Employee Plans Compliance
Resolution System (EPCRS).
10. OMB Number: 1545–1673.
Regulation Project Number: RP 2021–
30.
Form Number: Forms 8950, 8951,
14568, 14568–A thru I.
Abstract: The information requested
in Revenue Procedure 2021–30 is
required to enable the Internal Revenue
Service to make determinations on the
issuance of various types of closing
agreements and compliance statements.
The issuance of the agreements and
statements allow individual plans to
maintain their tax-qualified status. As a
result, the favorable tax treatment of the
benefits of the eligible employees is
retained. Applicants under the
Voluntary Correction Program (VCP)
must file Forms 8950 and 8951, and the
appropriate scheduled(s) to the
applicable part of the model compliance
statement, in order to request written
approval from the IRS for a correction
of a qualified plan that has failed to
comply with the requirements of the
Internal Revenue Code.
Current Actions: There is no change to
the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
business or other for-profit
organizations, not-for profit institutions,
and state, local or tribal governments.
Estimated Number of Respondents:
15,375.
Estimated Time per Respondent: 12
hours, 25 minutes.
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Estimated Total Annual Burden
Hours: 190,941 hours.
11. Title: New Markets Credit.
OMB Number: 1545–1804.
Form Number: 8874.
Abstract: Investors to claim a credit
for equity investments made in
Qualified Community Development
Entities use Form 8874.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, and business or other forprofit organizations.
Estimated Number of Respondents:
101.
Estimated Time per Respondent: 4
hours, 52 minutes.
Estimated Total Annual Burden
Hours: 492 hours.
12. Title: Health Coverage Tax Credit
(HCTC) Monthly Registration and
Update.
OMB Number: 1545–1842.
Form Number: 13441–A.
Abstract: The health coverage tax
credit monthly registration and update
Form will be directly mailed to all
individuals who are potentially eligible
for the HCTC. Potentially eligible
individuals will use this form to
determine if they are eligible for the
Health Coverage Tax Credit and to
register for the HCTC program.
Participation in this program is
voluntary. This form will be submitted
by the individual to the HCTC program
office in a postage-paid, return
envelope. We will accept faxed forms, if
necessary. Additionally, recipients may
call the HCTC call center for help in
completing this form.
Current Actions: The HCTC expired in
2021 and is unavailable to be claimed in
2022. IRS is keeping the OMB approval
active on the collection, in case,
Congress reauthorizes the credit for
future tax years.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
5,146.
Estimated Time per Response: 30
minutes.
Estimated Total Annual Burden
Hours: 2,573.
13. Title: TEFAC Compliance Check
Report.
OMB Number: 1545–2026.
Form Number: 13797.
Abstract: This form will be provided
to tribes who elect to perform a selfcompliance check on any or all their
entities. This is a VOLUNTARY
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program, and the entity is not penalized
for non-completion of forms or
withdrawal from the program. Upon
completion, the information will be
used by the Tribe and ITG to develop
training needs, compliance strategies,
and corrective actions.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses and other
for-profit organizations and State, Local,
or Tribal Government.
Estimated Number of Respondents:
20.
Estimated Time per Respondent: 22
hours 20 min.
Estimated Total Annual Burden
Hours: 447.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022–23309 Filed 10–25–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Bureau of
Fiscal Service Information Collection
Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice of information collection;
request for comment.
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 should be received on
or before November 25, 2022 to be
assured of consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Melody Braswell by
lotter on DSK11XQN23PROD with NOTICES1
SUMMARY:
VerDate Sep<11>2014
17:37 Oct 25, 2022
Jkt 259001
emailing PRA@treasury.gov, calling
(202) 622–1035, or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Bureau of the Fiscal Service (BFS)
Title: Notice of Reclamation—
Electronic Funds Transfer, Federal
Recurring Payment.
OMB Number: 1530–0003.
Form Number: FS Form 133.
Abstract: FS Form 133 is utilized to
notify financial institutions of an
obligation to repay payments
erroneously issued to a deceased
Federal benefit payment recipient. The
information collected from the financial
institutions is used by Treasury to close
out the request from a program agency
to collect an EFT payment from the
financial institution to which a
beneficiary was not entitled.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
223,128.
Estimated Time per Respondent: 8
minutes.
Estimated Total Annual Burden
Hours: 29,750.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022–23301 Filed 10–25–22; 8:45 am]
BILLING CODE 4810–AS–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Alcohol and Tobacco Tax and Trade
Bureau Information Collection Request
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 should be received on
or before November 25, 2022 to be
assured of consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
SUMMARY:
PO 00000
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64855
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 Melody Braswell by
emailing PRA@treasury.gov, calling
(202) 622–1035, or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
1. OMB Control No. 1513–0011.
Title: Formula and/or Process for
Article Made with Specially Denatured
Spirits.
TTB Form Number: TTB F 5150.19.
Abstract: In general, under the
Internal Revenue Code (IRC) at 26
U.S.C. 5214, distilled spirits used in the
manufacture of nonbeverage articles are
not subject to Federal excise tax, and,
under the IRC at 26 U.S.C. 5273, persons
who intend to produce such articles
using specially denatured distilled
spirits (SDS) must obtain prior approval
of their formulas and manufacturing
processes. For medicinal preparations
and flavoring extracts intended for
internal human use, that section also
prohibits SDS from remaining in the
finished articles. Under those IRC
authorities, the Alcohol and Tobacco
Tax and Trade Bureau (TTB) regulations
in 27 CFR part 20 require persons to file
formula and process approval requests
for articles made with SDS using form
TTB F 5150.19. TTB uses the collected
information to ensure that the relevant
provisions of the IRC are appropriately
applied.
Current Actions: There are no
program changes associated with this
information collection, and TTB is
submitting for extension purposes only.
As for adjustments, due to changes in
agency estimates, TTB is decreasing the
estimated number of annual
respondents, responses, and burden
hours associated with this collection,
but is increasing the average number of
responses per respondent.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses and other
for-profits.
Number of Respondents: 110.
Average Responses per Respondent:
1.6.
Number of Responses: 176.
Average Per-response Burden: 44
minutes.
Total Burden: 129 hours.
2. OMB Control No. 1513–0024.
Title: Report—Export Warehouse
Proprietor.
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]]>Agencies
[Federal Register Volume 87, Number 206 (Wednesday, October 26, 2022)]
[Notices]
[Pages 64852-64855]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-23309]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple Internal Revenue Service (IRS)
Information Collection Requests
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury will submit the following
information collection requests to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The
[[Page 64853]]
public is invited to submit comments on these requests.
DATES: Comments should be received on or before November 25, 2022 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Copies of
the submissions may be obtained from Melody Braswell by emailing
[email protected], calling (202) 622-1035, or viewing the entire
information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
1. Title: Application of tentative refund.
OMB Number: 1545-0098.
Form Number: 1045.
Abstract: Form 1045 is used by individuals, estates, and trusts to
apply for a quick refund of taxes due to carryback of a net operating
loss, unused general business credit, or claim of right adjustment
under Internal Revenue Code section 1341(b). The information obtained
is used to determine the validity of the application.
Current Actions: Form 1045 has been revised to comply with updates
in current laws and regulatory requirements.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, and farms.
Estimated Number of Respondents: 17,503.
Estimated Time per Respondent: 24 hours 29 min.
Estimated Total Annual Burden Hours: 428,649.
2. Title: Application for Approval of Prototype or Employer
Sponsored Individual Retirement Account.
OMB Number: 1545-0390.
Form Number: 5306.
Abstract: This application is used by employers who want to
establish an individual retirement account trust to be used by their
employees. The application is also used by banks and insurance
companies that want to establish approved prototype individual
retirement accounts or annuities. The data collected is used to
determine if the individual retirement account trust or annuity
contract meets the requirements of Code section 408(a), 408(b), or
408(c) so that the IRS may issue an approval letter.
Current Actions: There is no change to the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 600.
Estimated Time per Respondent: 13 hours, 44 minutes.
Estimated Total Annual Burden Hours: 8,244 hours.
3. Title: Gains and Losses From Section 1256 Contracts and
Straddles.
OMB Number: 1545-0644.
Form Number: 6781.
Abstract: Form 6781 is used by taxpayers in computing their gains
and losses on Internal Revenue Code section 1256 contracts under the
marked-to-market rules and gains and losses under Code section 1092
from straddle positions. The data is used to verify that the tax
reported accurately reflects any such gains and losses.
Current Actions: There is no change to the paperwork burden
previously approved by OMB. This form is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
individuals.
Estimated Number of Respondents: 5,684.
Estimated Time Per Respondent: 13.95 hours.
Estimated Total Annual Burden Hours: 79,292 hours.
4. Title: Application for Renewal of Enrollment to Practice Before
the Internal Revenue Service.
OMB Number: 1545-0946.
Form Number: 8554.
Abstract: The information obtained from Form 8554 relates to the
approval of continuing professional education programs and the renewal
of the enrollment status for those individuals admitted (enrolled) to
practice before the Internal Revenue Service. The information will be
used by the Director of Practice to determine the qualifications of
individuals who apply for renewal of enrollment.
Current Actions: There are no changes to the form since last
renewal of this collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 62,000.
Estimated Number of Responses: 21,000.
Estimated Time per Response: 20 minutes.
Estimated Total Annual Burden Hours: 7,000.
Title: Application for Renewal of Enrollment to Practice Before the
Internal Revenue Service as an Enrolled Retirement Plan Agent (ERPA).
OMB Number: 1545-0946.
Form: 8554-EP.
Abstract: This form is used to renew your Enrolled Retirement Plan
Agent (ERPA) status. You must renew your enrollment status every 3
years as determined by the last digit of your Tax Identification Number
(TIN).
Current Actions: There are no changes being made to the form at
this time. However, there are changes to the burden estimates due to
the most current filing data.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 750.
Estimated Number of Responses: 250.
Estimated Time per Response: 20 minutes.
Estimated Total Annual Burden Hours: 83.
5. Title: Application for Enrollment to Practice Before the
Internal Revenue Service.
OMB Number: 1545-0950.
Form Number: Form 23.
Abstract: Form 23 must be completed by those who desire to practice
before the Internal Revenue Service. The information on the form will
be used by the Director of Practice to determine the qualifications and
eligibility of applicants for enrollment.
Current Actions: There are no changes to Form 23.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 5,429.
Estimated Time per Respondent: 30 minutes.
Estimated Total Annual Burden Hours: 2,715 hrs.
6. Title: Generation-Skipping Transfer Tax Return For Terminations.
OMB Number: 1545-1145.
Form Number: 706-GS(T).
Abstract: Form 706-GS(T) is used by trustees to compute and report
the tax due on generation-skipping transfers that result from the
termination of interests in a trust. The IRS uses the information to
verify that the tax has been properly computed.
Current Actions: There are no changes being made to the form at
this time.
[[Page 64854]]
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 500.
Estimated Number of Responses: 1 hour, 22 minutes.
Estimated Total Annual Burden Hours: 684 hours.
7. Title: Real Estate Mortgage Investment Conduits.
OMB Number: 1545-1276.
Regulation Project: TD 8458.
Abstract: Internal Revenue Code (IRC) section 860G provides
definitions and special rules pertaining to real estate mortgage
investment conduits (REMIC). IRC section 860E outlines the treatment of
income in excess of daily accruals on residual interests and imposes an
excise tax on the transfer of a residual interest in a REMIC to a
disqualified organization. Treasury Regulations section 1.860E-2(a)(5)
requires the REMIC to furnish, on request of the party responsible for
the tax and to the Internal Revenue Service (IRS), information
sufficient to compute the present value of the anticipated excess
inclusions. Treasury Regulations sections 1.860E-2(a)(7) and 1.860E-
2(b)(2) provide that the tax will not be imposed on the party otherwise
liable for the tax if the transferee or record holder with interest in
a pass-thru entity furnishes an affidavit stating that they are not a
disqualified organization.
Current Actions: There is no change to the existing collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 1,600.
Estimated Time per Respondent: 20 minutes.
Estimated Total Annual Burden Hours: 525.
8. Title: U.S. Income Tax Return for Qualified Funeral Trusts.
OMB Number: 1545-1593.
Form Number: 1041-QFT.
Abstract: Internal Revenue Code section 685 allows the trustee of a
qualified funeral trust to elect to report and pay the tax for the
trust. Form 1041-QFT is used for this purpose. The IRS uses the
information on the form to determine that the trustee filed the proper
return and paid the correct tax.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Responses: 15,000.
Estimated Time per Response: 18.5 hours.
Estimated Total Annual Burden Hours: 277,500.
9. Title: Aid of Construction Under Section 118(c).
OMB Number: 1545-1639.
Regulation Project Number: TD 8936.
Abstract: This regulation provides guidance with respect to section
118(c), which provides that a contribution in aid of construction
received by a regulated public water or sewage utility is treated as a
contribution to the capital of the utility and excluded from gross
income.
Current Actions: There is no change to the burden previously
approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 300.
Estimated Time per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 300 hrs.
Title: Employee Plans Compliance Resolution System (EPCRS).
10. OMB Number: 1545-1673.
Regulation Project Number: RP 2021-30.
Form Number: Forms 8950, 8951, 14568, 14568-A thru I.
Abstract: The information requested in Revenue Procedure 2021-30 is
required to enable the Internal Revenue Service to make determinations
on the issuance of various types of closing agreements and compliance
statements. The issuance of the agreements and statements allow
individual plans to maintain their tax-qualified status. As a result,
the favorable tax treatment of the benefits of the eligible employees
is retained. Applicants under the Voluntary Correction Program (VCP)
must file Forms 8950 and 8951, and the appropriate scheduled(s) to the
applicable part of the model compliance statement, in order to request
written approval from the IRS for a correction of a qualified plan that
has failed to comply with the requirements of the Internal Revenue
Code.
Current Actions: There is no change to the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals and business or other for-profit
organizations, not-for profit institutions, and state, local or tribal
governments.
Estimated Number of Respondents: 15,375.
Estimated Time per Respondent: 12 hours, 25 minutes.
Estimated Total Annual Burden Hours: 190,941 hours.
11. Title: New Markets Credit.
OMB Number: 1545-1804.
Form Number: 8874.
Abstract: Investors to claim a credit for equity investments made
in Qualified Community Development Entities use Form 8874.
Current Actions: There is no change in the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, and business or other
for-profit organizations.
Estimated Number of Respondents: 101.
Estimated Time per Respondent: 4 hours, 52 minutes.
Estimated Total Annual Burden Hours: 492 hours.
12. Title: Health Coverage Tax Credit (HCTC) Monthly Registration
and Update.
OMB Number: 1545-1842.
Form Number: 13441-A.
Abstract: The health coverage tax credit monthly registration and
update Form will be directly mailed to all individuals who are
potentially eligible for the HCTC. Potentially eligible individuals
will use this form to determine if they are eligible for the Health
Coverage Tax Credit and to register for the HCTC program. Participation
in this program is voluntary. This form will be submitted by the
individual to the HCTC program office in a postage-paid, return
envelope. We will accept faxed forms, if necessary. Additionally,
recipients may call the HCTC call center for help in completing this
form.
Current Actions: The HCTC expired in 2021 and is unavailable to be
claimed in 2022. IRS is keeping the OMB approval active on the
collection, in case, Congress reauthorizes the credit for future tax
years.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 5,146.
Estimated Time per Response: 30 minutes.
Estimated Total Annual Burden Hours: 2,573.
13. Title: TEFAC Compliance Check Report.
OMB Number: 1545-2026.
Form Number: 13797.
Abstract: This form will be provided to tribes who elect to perform
a self-compliance check on any or all their entities. This is a
VOLUNTARY
[[Page 64855]]
program, and the entity is not penalized for non-completion of forms or
withdrawal from the program. Upon completion, the information will be
used by the Tribe and ITG to develop training needs, compliance
strategies, and corrective actions.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. This form is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations and
State, Local, or Tribal Government.
Estimated Number of Respondents: 20.
Estimated Time per Respondent: 22 hours 20 min.
Estimated Total Annual Burden Hours: 447.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022-23309 Filed 10-25-22; 8:45 am]
BILLING CODE 4830-01-P
