Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service (IRS) Information Collection Requests, 89496-89499 [2023-28538]

Agencies

• DEPARTMENT OF THE TREASURY

[Federal Register Volume 88, Number 247 (Wednesday, December 27, 2023)]
[Notices]
[Pages 89496-89499]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-28538]


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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.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before January 26, 2024 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: United States Estate (and Generation-Skipping Transfer) 
Tax Return.
    OMB Number: 1545-0015.
    Form Number: Form 706, and Schedule R-1 (Form 706).
    Abstract: Executors use Form 706 to report and compute the Federal 
Estate Tax imposed by Internal Revenue Code (IRC) section 2001 and the 
Federal Generation Skipping Tax, imposed by IRC section 2601. The IRS 
uses the

[[Page 89497]]

information to enforce these taxes and to verify that the tax has been 
properly computed. Schedule R-1 (Form 706) serves as a payment voucher 
for the Generation-Skipping Transfer (GST) tax imposed on a direct skip 
from a trust, which the trustee of the trust, must pay.
    Current Actions: There is no change to the existing collection. 
However, the estimated number of responses was reduced based on current 
filing data.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or Households; and Businesses or other 
for-profit organizations.
    Estimated Number of Responses: 14,267.
    Estimated Time per Respondent: 38 hours.
    Estimated Total Annual Burden Hours: 517,090.
    2. Title: Depreciation and Amortization (including Information on 
Listed Property).
    OMB Number: 1545-0172.
    Form Number: 4562.
    Abstract: Form 4562 is used to claim a deduction for depreciation 
and amortization; to make the election to expense certain tangible 
property under Internal Revenue Code section 179; and to provide 
information on the business/investment use of automobiles and other 
listed property. The form provides the IRS with the information 
necessary to determine that the correct depreciation deduction is being 
claimed.
    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: Business or other for-profit organization.
    Estimated Number of Respondents: 12,313,626.
    Estimated Time per Respondent: 40 hours.
    Estimated Total Annual Burden Hours: 448,368,447 hours.
    3. Title: IRC Section 6324A Lien Agreement Notice of Election of 
and Agreement To Special Lien in Accordance With Internal Revenue Code 
Section 6324A and Related Regulations.
    OMB Number: 1545-0757.
    Form Number: 13925.
    Abstract: Section 6324A of the Code permits an executor of a 
decedent's estate to elect a lien on section 6166 property in favor of 
the United States in lieu of a bond or other personal liability if an 
election under section 6166 or 6166A. Form 13925 is used to provide 
valuation information annually each year thereafter until the estate 
tax is collected in full.
    Current Actions: There are no changes to the form or burden.
    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: 500.
    Estimated Time per Response: 1 hour.
    Estimated Total Annual Burden Hours: 500 hours.
    4. Title: Estimated Income Tax for Estates and Trusts.
    OMB Number: 1545-0971.
    Form Project Number: Form 1041-ES.
    Abstract: Internal Revenue Code section 6654(1) imposes a penalty 
on trusts, and in certain circumstances, a decedent's estate, for 
underpayment of estimated tax. Form 1041-ES is used by the fiduciary to 
make the estimated tax payments. The form provides the IRS with 
information to give estates and trusts proper credit for estimated tax 
payments. For first-time filers, the form is available in an Over the 
Counter (OTC) version at IRS offices. For previous filers, the form is 
sent to them by the IRS with preprinted vouchers in the Optical 
Character Resolution (OCR) version.
    Current Actions: The estimated annual responses have increased by 
211,239. This creates an increase in the total estimated annual burden 
by 1,647,946 hours. Changes in the burden estimates previously approved 
by OMB, are due to corrections of filing data. This form is being 
submitted for renewal purposes only.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Individuals and business or other for-profit 
organizations.
    Estimated Number of Responses: 791,141.
    Estimated Time per Respondent: 4 hrs., 29 min.
    Estimated Total Annual Burden Hours: 3,565,694.
    5. Title: Reporting Agent Authorization.
    OMB Number: 1545-1058.
    Form Number: Form 8655 and Revenue Procedure 2012-32.
    Abstract: Form 8655 allows a taxpayer to designate a reporting 
agent to file certain employment tax returns electronically or on 
magnetic tape, to receive copies of notices and other tax information, 
and to submit Federal tax deposits. This form allows IRS to disclose 
tax account information and to provide duplicate copies of taxpayer 
correspondence to authorized agents. Revenue Procedure 2012-32 provides 
the requirements for completing and submitting Form 8655, Reporting 
Agent Authorization. An Authorization allows a taxpayer to designate a 
Reporting Agent to perform certain acts on behalf of a taxpayer.
    Current Actions: There are no changes being made to this collection 
at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 114,250.
    Estimated Time per Respondent: 10 hours.
    Estimated Total Annual Burden Hours: 819,050.
    6. Title: Cognitive and Psychological Research Coordinated by 
Statistics of Income on Behalf of All IRS Operations Functions.
    OMB Number: 1545-1349.
    Abstract: The proposed research will improve the quality of data 
collection by examining the psychological and cognitive aspects of 
methods and procedures such as: Interviewing processes, forms redesign, 
survey and tax collection technology and operating procedures (internal 
and external in nature).
    Current Actions: We will be conducting different opinion surveys, 
focus group sessions, think-aloud interviews, and usability studies 
regarding cognitive research surrounding forms submission or IRS 
system/product development.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Individuals and businesses or other for-profit 
organizations.
    Estimated Number of Respondents: 6,000.
    Estimated Time per Respondent: 1 hour, 30 minutes.
    Estimated Total Annual Burden Hours: 9,000.
    7. Title: Consent To Extend the Time To Assess Tax Under Section 
367--Gain Recognition Agreement.
    OMB Number: 1545-1395.
    Form Number: Form 8838.
    Abstract: Form 8838 is used to extend the statute of limitations 
for U.S. persons who transfer stock or securities to a foreign 
corporation. The form is filed when the transferor makes a gain 
recognition agreement. This agreement allows the transferor to defer 
the payment of tax on the transfer. The IRS uses Form 8838 so that it 
may assess tax against the transferor after the expiration of the 
original statute of limitations. The estimates in this notice are for 
estates, trusts, and tax-exempt organizations filing Form 8838.
    Current Actions: There is no change to the existing collection. 
However, the

[[Page 89498]]

estimated number of responses was reduced to eliminate duplication of 
burden estimates. The estimated burden for individuals filing Form 8838 
is approved under OMB control number 1545-0074, and the estimated 
burden for businesses filing Form 8838 is approved under OMB control 
number 1545-0123.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Responses: 200.
    Estimated Time per Respondent: 8 hours, 23 minutes.
    Estimated Total Annual Burden Hours: 1,646.
    8. Title: Interest Computation under the look-back Method for 
Property Depreciated Under the Income Forecast Method.
    OMB Number: 1545-1622.
    Form Number: 8866.
    Abstract: Taxpayers depreciating property under the income forecast 
method and placed in service after September 13, 1995, must use Form 
8866 to compute and report interest due or to be refunded under 
Internal Revenue Code 167(g)(2). The Internal Revenue Service uses the 
information on Form 8866 to determine if the interest has been figured 
correctly.
    Current Actions: There is no change to the form at this time. This 
request is being submitted for renewal purposes only.
    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: 50.
    Estimated Time per Respondent: 13 hours, 86 min.
    Estimated Total Annual Burden Hours: 693.
    9. Title: Communications Excise Tax; Prepaid Telephone Cards.
    OMB Number: 1545-1628.
    Regulation Number: Treasury Decision 8855 (REG-118620-97).
    Abstract: Carriers must keep certain information documenting their 
sales of prepaid telephone cards to other carriers to avoid 
responsibility for collecting tax. The regulations provide rules for 
the application of the communications excise tax to prepaid telephone 
cards.
    Current Actions: There are no changes to the regulation or burden.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 96.
    Estimated Time per Response: 20 minutes.
    Estimated Total Annual Burden Hours: 34 hours.
    10. Title: Application for United States Residency Certification.
    OMB Number: 1545-1817.
    Form Project Number: Form 8802.
    Abstract: An entity must use Form 8802 to apply for United States 
Residency Certification. All requests for U.S. residency certification 
must be received on Form 8802, Application for United States Residency 
Certification. As proof of residency in the United States and of 
entitlement to the benefits of a tax treaty, U.S. Government 
certification that you are a U.S. citizen, U.S. corporation, U.S. 
partnership, or resident of the United States for purposes of taxation.
    Current Actions: There are no changes being made to the form at 
this time. This form is being submitted for renewal purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organization, and not-for-profit institution.
    Estimated Number of Responses: 130,132.
    Estimated Time per Respondent: 3 hrs., 38 min.
    Estimated Total Annual Burden Hours: 472,380.
    11. Title: Disclosure of Returns and Return Information in 
Connection with Written Contracts or Agreements for the Acquisition of 
Property or Services for Tax Administration Purposes.
    OMB Number: 1545-1821.
    Form Number: TD 9327.
    Abstract: The regulations clarify that redisclosures of returns and 
return information by contractors to agents or subcontractors are 
permissible, and that the penalty provisions, written notification 
requirements, and safeguard requirements are applicable to these agents 
and subcontractors. Section 301.6103(n)-1(e)(3) of the regulations 
require that before the execution of a contract or agreement for the 
acquisition of property or services under which returns or return 
information will be disclosed, the contract or agreement must be made 
available to the IRS.
    Current Actions: There are no changes being made to the collection 
at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations, and not-for-profit institutions.
    Estimated Number of Respondents: 2,500.
    Estimated Time per Respondent: 6 minutes.
    Estimated Total Annual Burden Hours: 250.
    12. Title: Relief from Ruling Process For Making Late Reverse QTIP 
Election.
    OMB Number: 1545-1898.
    Revenue Procedure Number: 2004-47.
    Abstract: This revenue procedure provides alternative relief for 
taxpayers who failed to make a reverse QTIP election on an estate tax 
return. Instead of requesting a private letter ruling and paying the 
accompanying user fee, taxpayers may file certain documents with the 
Cincinnati Service Center directly to request relief.
    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.
    Estimated Number of Respondents: 6.
    Estimated Annual Average Time per Respondent: 9 hours.
    Estimated Total Annual Burden Hours: 54.
    13. Title: Qualifying Advanced Energy Project Credit.
    OMB Number: 1545-2151.
    Notice Numbers: Notice 2023-18.
    Abstract: This notice establishes the program under Sec.  48C(e)(1) 
of the Internal Revenue Code to allocate $10 billion of credits ($4 
billion of which may only be allocated to projects located in certain 
energy communities) for qualified investments in eligible qualifying 
advanced energy projects (Sec.  48C(e) program). A qualifying advanced 
energy project re-equips, expands, or establishes a manufacturing 
facility for the production of certain energy related property. A 
taxpayer must submit, for each qualifying advanced energy project: (1) 
a concept paper for Department of Energy (DOE) consideration and (2) a 
Sec.  48C(e) application (consisting of (i) an application for DOE 
recommendation and (ii) an application for Sec.  48C(e) certification). 
To be eligible to claim any Sec.  48C credits allocated to a project 
under the Sec.  48C(e) program, a taxpayer must also provide to DOE (1) 
evidence establishing that a project satisfies the certification 
requirements specified in Notice 2023-18 and (2) a notification that 
the project has been placed in service.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB. This notice is being submitted for renewal 
purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.

[[Page 89499]]

Concept Papers

    Estimated Number of Respondents: 2,500.
    Estimated Average Time per Respondent: 2.2667 hrs. (136 minutes).
    Estimated Total Annual Burden Hours: 5,667 hrs.

Application Process

    Estimated Number of Respondents: 2,500.
    Estimated Average Time per Respondent: 10.4333 hrs. (626 minutes).
    Estimated Total Annual Burden Hours: 26,083 hrs.
    14. Title: Guidance under Section 529A: Qualified ABLE Programs.
    OMB Number: 1545-2293.
    Regulatory Number: TD 9923.
    Abstract: The Stephen Beck, Jr., Achieving a Better Life Experience 
(ABLE) Act of 2014, as part of The Tax Increase Prevention Act of 2014 
(Pub. L. 113-295), added Internal Revenue Code (IRC) section 529A. IRC 
section 529A provides rules under which States or State agencies or 
instrumentalities may establish and maintain a new type of tax-favored 
savings program through which contributions may be made to the account 
of an eligible disabled individual to meet qualified disability 
expenses. These accounts also receive favorable treatment for purposes 
of certain means-tested Federal programs. Treasury Regulations section 
1.529A-2 provides guidance about the requirements applicable to 
qualified ABLE programs and individuals seeking to establish ABLE 
accounts under such programs.
    Current Actions: There is no change to the existing collection.
    Type of Review: Extension of a currently approved collection.
    Affected Public: States, and Individuals or households.
    Estimated Number of Responses: 28,987.
    Estimated Time per Respondent: 22 minutes.
    Estimated Total Annual Burden Hours: 10,729.
    15. Title: Taxpayer Experience Office Speaker Request.
    OMB Number: 1545-New.
    Form Project Number: Form 15424.
    Abstract: If an organization would like a representative from 
Internal Revenue Service (IRS) Taxpayer Experience Office to speak at 
their event, they can complete the speaker request form. This form 
provides organizations with a more structured way of making the 
request. Also, the form streamlines the process by ensuring the IRS 
receives the necessary information in order to provide a speaker.
    Current Actions: This is a request for new OMB control number.
    Type of Review: New form.
    Affected Public: Business, or other for-profit, and not-for-profit 
institutions.
    Estimated Number of Responses: 100.
    Estimated Time per Respondent: 10 minutes.
    Estimated Total Annual Burden Hours: 17 hrs.
    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-28538 Filed 12-26-23; 8:45 am]
BILLING CODE 4830-01-P