Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service (IRS) Information Collection Requests., 74243-74245 [2023-23901]
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Federal Register / Vol. 88, No. 208 / Monday, October 30, 2023 / Notices
Last name
First name
ZIEBA .................................................................
ZOMERDIJK .......................................................
ZUCCALA ...........................................................
ZUCCALA ...........................................................
RENATA.
MARIA ..............................................................
ALEXANDRA ...................................................
ANDREW .........................................................
Dated: October 24, 2023.
Steven B. Levine,
Manager Team 1940, CSDC—Compliance
Support, Development & Communications.
[FR Doc. 2023–23807 Filed 10–27–23; 8:45 am]
BILLING CODE 4830–01–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
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 29, 2023 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 Spencer W. Clark by
emailing PRA@treasury.gov, calling
(202) 927–5331, or viewing the entire
information collection request at
www.reginfo.gov.
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY:
SUPPLEMENTARY INFORMATION:
Alcohol and Tobacco Tax and Trade
Bureau (TTB)
1. Title: Application for Registration
for Tax-Free Firearms and Ammunition
Transactions Under 26 U.S.C. 4221.
OMB Control Number: 1513–0095.
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18:18 Oct 27, 2023
Jkt 262001
Middle name/initials
Type of Review: Extension without
change of a currently approved
collection.
Description: The Internal Revenue
Code (IRC) at 26 U.S.C. 4181 imposes a
Federal excise tax on the sale of firearms
and ammunition sold by manufacturers,
producers, and importers. Under the
IRC at 26 U.S.C. 4221, no excise tax is
imposed on certain sales of firearms and
ammunition, provided that the seller
and purchaser of the articles (with
certain exceptions) are registered as
required by 26 U.S.C. 4222 and the
related regulations issued by the
Secretary of the Treasury. Under that
IRC authority, the Alcohol and Tobacco
Tax and Trade Bureau (TTB) regulations
at 27 CFR 53.140 prescribe the use of
form TTB F 5300.28 as the application
to obtain an approved Certificate of
Registry to sell or purchase firearms and
ammunition tax free. TTB uses the
collected information to determine if the
respondent is qualified to engage in taxfree sales and issue the required
certificate. In addition, once registered,
persons registered make certain
amendments to their previously
provided information by filing an
amended TTB F 5300.28 or by filing a
letterhead notice.
Form: TTB F 5300.28.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
110.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 110.
Estimated Time per Response: 3
hours.
Estimated Total Annual Burden
Hours: 330.
2. Title: Record of Carbon Dioxide
Measurement in Effervescent Products
Taxed as Hard Cider.
OMB Control Number: 1513–0139.
Type of Review: Extension without
change of a currently approved
collection.
Description: The Internal Revenue
Code (IRC), at 26 U.S.C. 5041, defines
and imposes six Federal excise tax rates
on wine, which vary by the wine’s
alcohol and carbon dioxide content.
Wines with no more than 0.392 grams
of carbon dioxide per 100 milliliters are
taxed as still wine at $1.07, $1.57, or
$3.15 per gallon, depending on their
alcohol content, while wines with more
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74243
ALIDA
KATHERINE
GREGORY
than 0.392 grams of carbon dioxide per
100 milliliters are taxed as effervescent
wine at $3.30 per gallon if artificially
carbonated or $3.40 per gallon if
naturally carbonated. However, under
those IRC provisions, certain apple- and
pear-based wines are subject to the
‘‘hard cider’’ tax rate of $0.226 per
gallon if the product contains no more
than 0.64 grams of carbon dioxide per
100 milliliters of wine and does not
exceed 8.5 percent alcohol by volume.
Given the significant difference in those
excise tax rates which, in part, depend
on the level of a wine’s effervescence,
the Alcohol and Tobacco Tax and Trade
Bureau (TTB) regulations at 27 CFR
24.302 require proprietors who produce
or receive effervescent hard cider to
record the amount of carbon dioxide in
the product. This recordkeeping
requirement is necessary to protect the
revenue as it allows TTB to verify
during field audits a respondent’s
compliance with the statutory definition
of wine eligible for the hard cider tax
rate.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
400.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 400.
Estimated Time per Response: 2.5
hours.
Estimated Total Annual Burden
Hours: 1,000 hours.
(Authority: 44 U.S.C. 3501 et seq.)
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2023–23819 Filed 10–27–23; 8:45 am]
BILLING CODE 4810–31–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Internal Revenue Service (IRS)
Information Collection Requests.
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
SUMMARY:
E:\FR\FM\30OCN1.SGM
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74244
Federal Register / Vol. 88, No. 208 / Monday, October 30, 2023 / Notices
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 29, 2023 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
emailing PRA@treasury.gov, calling
(202) 622–1035, or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
khammond on DSKJM1Z7X2PROD with NOTICES
Internal Revenue Service (IRS)
1. Title: Interest Income.
OMB Number: 1545–0112.
Form Number: 1099–INT.
Regulation Number: TD 7873.
Abstract: IRC section 6049 requires
payers of interest of $10 or more to file
a return showing the aggregate amount
of interest paid to a payee. Regulations
sections 1.6049–4 and 1.6049–7 require
Form 1099–INT to be used to report this
information. IRC section 6041 and
Regulations section 1.6041–1 require
persons paying interest (that is not
covered under section 6049) of $600 or
more in the course of their trades or
businesses to report that interest on
Form 1099–INT. IRS uses Form 1099–
INT to verify compliance with the
reporting rules and to verify that the
recipient has included the proper
amount of interest on his or her income
tax return.
Current Actions: There are no changes
to the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, Federal
Government, individuals or households,
and not-for-profit institutions.
Estimated Number of Responses:
141,555,000.
Estimated Time per Respondent: 13
minutes.
Estimated Total Annual Burden
Hours: 46,403,150.
VerDate Sep<11>2014
18:18 Oct 27, 2023
Jkt 262001
2. Title: Form 2032—Contract
Coverage Under Title II of the Social
Security Act.
OMB Number: 1545–0137.
Form Number: Form 2032.
Abstract: U.S. citizens and resident
aliens employed abroad by foreign
affiliates of American employers are
exempt from social security taxes.
Under Internal Revenue Code section
3121(l), American employers may file
an agreement on Form 2032 to waive
this exemption and obtain social
security coverage for U.S. citizens and
resident aliens employed abroad by
their foreign affiliates. The American
employers can later file Form 2032 to
cover additional foreign affiliates as an
amendment to their original agreement.
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, and individuals or
households.
Estimated Number of Responses: 26.
Estimated Time per Respondent: 6
hours, 4 minutes.
Estimated Total Annual Burden
Hours: 158.
3. Title: Information Return for
Publicly Offered Original Issue Discount
Instruments.
OMB Number: 1545–0887.
Form Number: 8281.
Abstract: Internal Code section
1275(c)(2) requires the furnishing of
certain information to the IRS by issuers
of publicly offered debt instruments
having original issue discount.
Regulations section 1.1275–3 prescribes
that Form 8281 shall be used for this
purpose. The information on Form 8281
is used to update Publication 1212, List
of Original Issue Discount Instruments.
Current Actions: There are no changes
to burden.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
2,500.
Estimated Time per Response: 6
hours, 7 minutes.
Estimated Total Annual Burden
Hours: 15,300 hours.
Title: Application for Extension of
Time to File Information Returns.
4. OMB Number: 1545–1081.
Regulatory Number: TD 9838.
Form Number: 8809.
Abstract: Form 8809 is used to request
an extension of time to file Forms W–
2, W–2G, 1042–S, 1094–C, 1095, 1097,
1098, 1099, 3921, 3922, 5498, or 8027.
The IRS reviews the information
contained on the form to determine
whether an extension should be granted.
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Current Actions: There is no change to
the form. However, the filing estimates
have been updated. This will result in
a total estimated burden increase of
3,656,464 hours. We are making this
submission to renew the OMB approval.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals, notfor-profit institutions, farms, and
Federal, State, local or Tribal
governments.
Estimated Number of Respondents:
821,406.
Estimated Time per Respondent: 4
hrs., 44 min.
Estimated Total Annual Burden
Hours: 3,893,465.
5. Title: Residence of Trusts and
Estates—7701.
OMB Number: 1545–1600.
Regulation Project Number: TD 8813.
Abstract: This regulation provides the
procedures and requirements for making
the election to remain a domestic trust
in accordance with section 1161 of the
Taxpayer Relief Act of 1997. The
information submitted by taxpayers will
be used by the IRS to determine if a
trust is a domestic trust or a foreign
trust.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of the
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
222.
Estimated Time per Respondent: 31
minutes.
Estimated Total Annual Burden
Hours: 114.
6. Title: Escrow Funds and Other
Similar Funds.
OMB Number: 1545–1631.
Regulation Project Number: TD 9249.
Abstract: This document contains
final regulations relating to the taxation
and reporting of income earned on
qualified settlement funds and certain
other escrow accounts, trusts, and
funds, and other related rules. The final
regulations affect qualified settlement
funds, escrow accounts established in
connection with sales of property,
disputed ownership funds, and the
parties to these escrow accounts, trusts,
and funds.
Current Actions: There are no changes
to the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organizations, not-for-profit institutions
and Federal, state, local or tribal
governments.
E:\FR\FM\30OCN1.SGM
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khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 88, No. 208 / Monday, October 30, 2023 / Notices
Estimated Number of Respondents:
9,300.
Estimated Time per Respondent: 24
minutes.
Estimated Total Annual Burden
Hours: 3,720.
7. Title: Constructive Transfers and
Transfers of Property to a Third Party on
Behalf of a Spouse.
OMB Number: 1545–1751.
Regulatory Number: TD 9035.
Abstract: Treasury Regulations
section 1.1041–2 sets forth the required
information that will permit spouses or
former spouses to treat a redemption by
a corporation of stock of one spouse or
former spouse as a transfer of that stock
to the other spouse or former spouse in
exchange for the redemption proceeds
and a redemption of the stock from the
latter spouse or a former spouse in
exchange for the redemption proceeds.
Current Actions: There is no change to
the existing collection.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Responses:
1,000.
Estimated Time per Respondent: 30
minutes.
Estimated Total Annual Burden
Hours: 500.
8. Title: Notice of Qualified Equity
Investment for New Markets Credit.
OMB Number: 1545–2065.
Form Number: 8874–A.
Abstract: CDEs must provide notice to
any taxpayer who acquires a qualified
equity investment in the CDE at its
original issue that the equity investment
is a qualified equity investment entitling
the taxpayer to claim the new markets
credit. Form 8874–A is used to make the
notification as required under section
1.45D–1(g)(2)(i)(A).
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: Individual or
households, Business or other for-profit.
Estimated Number of Respondents:
500.
Estimated Time Per respondent: 5
hours and 26 minutes.
Estimated Total Annual Burden
Hours: 2,715.
9. Title: Notice of Recapture Event for
New Markets Credit.
OMB Number: 1545–2066.
Form Number: 8874–B.
Abstract: Community Development
Entities (CDEs) must provide
notification to any taxpayer holder of a
qualified equity investment (including
prior holders) that a recapture event has
occurred. This form is used to make the
VerDate Sep<11>2014
18:18 Oct 27, 2023
Jkt 262001
notification as required under
Regulations section 1.45D–1(g)(2)(i)(B).
Current Actions: There are no changes
to burden.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individual or
households, Business or other for-profit.
Estimated Number of Respondents:
500.
Estimated Time per Response: 5
hours, 30 minutes.
Estimated Total Annual Burden
Hours: 2,755 hours.
10. Title: Credit for Carbon Dioxide
Sequestration under Section 45Q.
OMB Number: 1545–2153.
Form Project Number: Notice 2009–
83.
Abstract: The notice sets forth interim
guidance, pending the issuance of
regulations, relating to the credit for
carbon dioxide sequestration (CO2
sequestration credit) under § 45Q of the
Internal Revenue Code.
Current Actions: There is no change
in the burden previously approved by
OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses: 30.
Estimated Time per Respondent: 6
hours.
Estimated Total Annual Burden
Hours: 180.
11. Title: Relief for Certain Spouses of
Military Personnel.
OMB Number: 1545–2169.
Document Number(s): TD 9194, 9391
and Notices: 2010–30, 2011–16, and
2012–41.
Abstract: The Military Spouses
Residency Relief Act (‘‘MSRRA’’) was
signed into law on November 11, 2009
(Pub. L. 111–97). MSRRA applies to the
2009 and subsequent tax years. This
collection provides guidance to
taxpayers who claim the benefits of the
tax provisions under MSRRA for the
2009 and subsequent tax years. These
documents provide civilian spouses
working in a U.S. territory but claiming
a tax residence in one of the 50 States
or the District of Columbia (‘‘U.S.
mainland’’) under MSRRA with an
extension of time for paying the tax due
the Internal Revenue Service (‘‘IRS’’)
(Internal Revenue Code § 6161).
Additionally, these documents provide
civilian spouses working on the U.S.
mainland but claiming a tax residence
in a U.S. territory under MSRRA with
guidance on filing claims for refund of
federal income taxes that their
employers withheld and remitted to the
IRS or estimated tax payments the
taxpayers paid to the IRS.
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74245
Current Actions: There is no change to
the 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: Individuals or
households.
Estimated Number of Respondents:
6,200.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden
Hours: 6,200.
Authority:44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023–23901 Filed 10–27–23; 8:45 am]
BILLING CODE 4830–01–P
U.S.-CHINA ECONOMIC AND
SECURITY REVIEW COMMISSION
Notice of Open Public Event
U.S.-China Economic and
Security Review Commission.
ACTION: Notice of open public event.
AGENCY:
Notice is hereby given of the
following open public event of the U.S.China Economic and Security Review
Commission. The Commission is
mandated by Congress to investigate,
assess, and report to Congress annually
on ‘‘the national security implications of
the economic relationship between the
United States and the People’s Republic
of China.’’ Pursuant to this mandate, the
Commission will hold a public release
of its 2023 Annual Report to Congress
in Washington, DC on November 14,
2023.
SUMMARY:
The release is scheduled for
Tuesday, November 14, 2023 at 10:30
a.m.
DATES:
This release will be held inperson at or near the U.S. Capitol and
adjacent Congressional office buildings
(specific building and room number to
be announced) and online via live
webcast on the Commission’s website at
www.uscc.gov. Please check the
Commission’s website for an
announcement on the specific event
location once determined. Instructions
on how to view the webcast and submit
questions or participate in the question
and answer session will also be posted
at USCC.gov. Reservations are not
required to attend.
FOR FURTHER INFORMATION CONTACT: Any
member of the public seeking further
information concerning the event
should contact Jameson Cunningham,
444 North Capitol Street NW, Suite 602,
Washington, DC 20001; telephone: 202–
ADDRESSES:
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]]>Agencies
[Federal Register Volume 88, Number 208 (Monday, October 30, 2023)]
[Notices]
[Pages 74243-74245]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-23901]
-----------------------------------------------------------------------
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
[[Page 74244]]
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 29, 2023 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 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: Interest Income.
OMB Number: 1545-0112.
Form Number: 1099-INT.
Regulation Number: TD 7873.
Abstract: IRC section 6049 requires payers of interest of $10 or
more to file a return showing the aggregate amount of interest paid to
a payee. Regulations sections 1.6049-4 and 1.6049-7 require Form 1099-
INT to be used to report this information. IRC section 6041 and
Regulations section 1.6041-1 require persons paying interest (that is
not covered under section 6049) of $600 or more in the course of their
trades or businesses to report that interest on Form 1099-INT. IRS uses
Form 1099-INT to verify compliance with the reporting rules and to
verify that the recipient has included the proper amount of interest on
his or her income tax return.
Current Actions: There are no changes to the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
Federal Government, individuals or households, and not-for-profit
institutions.
Estimated Number of Responses: 141,555,000.
Estimated Time per Respondent: 13 minutes.
Estimated Total Annual Burden Hours: 46,403,150.
2. Title: Form 2032--Contract Coverage Under Title II of the Social
Security Act.
OMB Number: 1545-0137.
Form Number: Form 2032.
Abstract: U.S. citizens and resident aliens employed abroad by
foreign affiliates of American employers are exempt from social
security taxes. Under Internal Revenue Code section 3121(l), American
employers may file an agreement on Form 2032 to waive this exemption
and obtain social security coverage for U.S. citizens and resident
aliens employed abroad by their foreign affiliates. The American
employers can later file Form 2032 to cover additional foreign
affiliates as an amendment to their original agreement.
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, and
individuals or households.
Estimated Number of Responses: 26.
Estimated Time per Respondent: 6 hours, 4 minutes.
Estimated Total Annual Burden Hours: 158.
3. Title: Information Return for Publicly Offered Original Issue
Discount Instruments.
OMB Number: 1545-0887.
Form Number: 8281.
Abstract: Internal Code section 1275(c)(2) requires the furnishing
of certain information to the IRS by issuers of publicly offered debt
instruments having original issue discount. Regulations section 1.1275-
3 prescribes that Form 8281 shall be used for this purpose. The
information on Form 8281 is used to update Publication 1212, List of
Original Issue Discount Instruments.
Current Actions: There are no changes to burden.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 2,500.
Estimated Time per Response: 6 hours, 7 minutes.
Estimated Total Annual Burden Hours: 15,300 hours.
Title: Application for Extension of Time to File Information
Returns.
4. OMB Number: 1545-1081.
Regulatory Number: TD 9838.
Form Number: 8809.
Abstract: Form 8809 is used to request an extension of time to file
Forms W-2, W-2G, 1042-S, 1094-C, 1095, 1097, 1098, 1099, 3921, 3922,
5498, or 8027. The IRS reviews the information contained on the form to
determine whether an extension should be granted.
Current Actions: There is no change to the form. However, the
filing estimates have been updated. This will result in a total
estimated burden increase of 3,656,464 hours. We are making this
submission to renew the OMB approval.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals, not-for-profit institutions, farms, and Federal, State,
local or Tribal governments.
Estimated Number of Respondents: 821,406.
Estimated Time per Respondent: 4 hrs., 44 min.
Estimated Total Annual Burden Hours: 3,893,465.
5. Title: Residence of Trusts and Estates--7701.
OMB Number: 1545-1600.
Regulation Project Number: TD 8813.
Abstract: This regulation provides the procedures and requirements
for making the election to remain a domestic trust in accordance with
section 1161 of the Taxpayer Relief Act of 1997. The information
submitted by taxpayers will be used by the IRS to determine if a trust
is a domestic trust or a foreign trust.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of the currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 222.
Estimated Time per Respondent: 31 minutes.
Estimated Total Annual Burden Hours: 114.
6. Title: Escrow Funds and Other Similar Funds.
OMB Number: 1545-1631.
Regulation Project Number: TD 9249.
Abstract: This document contains final regulations relating to the
taxation and reporting of income earned on qualified settlement funds
and certain other escrow accounts, trusts, and funds, and other related
rules. The final regulations affect qualified settlement funds, escrow
accounts established in connection with sales of property, disputed
ownership funds, and the parties to these escrow accounts, trusts, and
funds.
Current Actions: There are no changes to the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, not-for-profit institutions and Federal, state,
local or tribal governments.
[[Page 74245]]
Estimated Number of Respondents: 9,300.
Estimated Time per Respondent: 24 minutes.
Estimated Total Annual Burden Hours: 3,720.
7. Title: Constructive Transfers and Transfers of Property to a
Third Party on Behalf of a Spouse.
OMB Number: 1545-1751.
Regulatory Number: TD 9035.
Abstract: Treasury Regulations section 1.1041-2 sets forth the
required information that will permit spouses or former spouses to
treat a redemption by a corporation of stock of one spouse or former
spouse as a transfer of that stock to the other spouse or former spouse
in exchange for the redemption proceeds and a redemption of the stock
from the latter spouse or a former spouse in exchange for the
redemption proceeds.
Current Actions: There is no change to the existing collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Responses: 1,000.
Estimated Time per Respondent: 30 minutes.
Estimated Total Annual Burden Hours: 500.
8. Title: Notice of Qualified Equity Investment for New Markets
Credit.
OMB Number: 1545-2065.
Form Number: 8874-A.
Abstract: CDEs must provide notice to any taxpayer who acquires a
qualified equity investment in the CDE at its original issue that the
equity investment is a qualified equity investment entitling the
taxpayer to claim the new markets credit. Form 8874-A is used to make
the notification as required under section 1.45D-1(g)(2)(i)(A).
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: Individual or households, Business or other for-
profit.
Estimated Number of Respondents: 500.
Estimated Time Per respondent: 5 hours and 26 minutes.
Estimated Total Annual Burden Hours: 2,715.
9. Title: Notice of Recapture Event for New Markets Credit.
OMB Number: 1545-2066.
Form Number: 8874-B.
Abstract: Community Development Entities (CDEs) must provide
notification to any taxpayer holder of a qualified equity investment
(including prior holders) that a recapture event has occurred. This
form is used to make the notification as required under Regulations
section 1.45D-1(g)(2)(i)(B).
Current Actions: There are no changes to burden.
Type of Review: Extension of a currently approved collection.
Affected Public: Individual or households, Business or other for-
profit.
Estimated Number of Respondents: 500.
Estimated Time per Response: 5 hours, 30 minutes.
Estimated Total Annual Burden Hours: 2,755 hours.
10. Title: Credit for Carbon Dioxide Sequestration under Section
45Q.
OMB Number: 1545-2153.
Form Project Number: Notice 2009-83.
Abstract: The notice sets forth interim guidance, pending the
issuance of regulations, relating to the credit for carbon dioxide
sequestration (CO2 sequestration credit) under Sec. 45Q of the
Internal Revenue Code.
Current Actions: There is no change in the burden previously
approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 30.
Estimated Time per Respondent: 6 hours.
Estimated Total Annual Burden Hours: 180.
11. Title: Relief for Certain Spouses of Military Personnel.
OMB Number: 1545-2169.
Document Number(s): TD 9194, 9391 and Notices: 2010-30, 2011-16,
and 2012-41.
Abstract: The Military Spouses Residency Relief Act (``MSRRA'') was
signed into law on November 11, 2009 (Pub. L. 111-97). MSRRA applies to
the 2009 and subsequent tax years. This collection provides guidance to
taxpayers who claim the benefits of the tax provisions under MSRRA for
the 2009 and subsequent tax years. These documents provide civilian
spouses working in a U.S. territory but claiming a tax residence in one
of the 50 States or the District of Columbia (``U.S. mainland'') under
MSRRA with an extension of time for paying the tax due the Internal
Revenue Service (``IRS'') (Internal Revenue Code Sec. 6161).
Additionally, these documents provide civilian spouses working on the
U.S. mainland but claiming a tax residence in a U.S. territory under
MSRRA with guidance on filing claims for refund of federal income taxes
that their employers withheld and remitted to the IRS or estimated tax
payments the taxpayers paid to the IRS.
Current Actions: There is no change to the 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: Individuals or households.
Estimated Number of Respondents: 6,200.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden Hours: 6,200.
Authority:44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-23901 Filed 10-27-23; 8:45 am]
BILLING CODE 4830-01-P
