Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service (IRS) Information Collection Requests, 22241-22243 [2024-06680]
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Federal Register / Vol. 89, No. 62 / Friday, March 29, 2024 / Notices
materially assisted, sponsored, or provided
financial, material, or technological support
for, or goods or services to or in support of,
HIZBALLAH, a person whose property and
interests in property are blocked pursuant to
E.O. 13224.
Vessels
1. DAWN II (f.k.a. AKIN I; a.k.a. SPAR)
(3FHW2) Crude Oil Tanker Panama flag;
Secondary sanctions risk: section 1(b) of
Executive Order 13224, as amended by
Executive Order 13886; Vessel Registration
Identification IMO 9185530; MMSI
374100000 (vessel) [SDGT] (Linked To:
HASSALEH INTERNATIONAL COMPANY).
Identified pursuant to E.O. 13224, as
amended, as property in which HASSALEH
INTERNATIONAL COMPANY, a person
whose property and interests in property are
blocked pursuant to E.O. 13224, as amended,
has an interest.
2. ABYSS (T8A4595) Palau flag; Secondary
sanctions risk: section 1(b) of Executive
Order 13224, as amended by Executive Order
13886; Vessel Registration Identification IMO
9157765; MMSI 511101287 (vessel) [SDGT]
(Linked To: QUOC VIET MARINE
TRANSPORT JSC).
Identified pursuant to E.O. 13224, as
amended, as property in which QUOC VIET
MARINE TRANSPORT JSC, a person whose
property and interests in property are
blocked pursuant to E.O. 13224, as amended,
has an interest.
Dated: March 26, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
[FR Doc. 2024–06732 Filed 3–28–24; 8:45 am]
BILLING CODE 4810–AL–C
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Reports of
Foreign Financial Accounts
Regulations and FinCEN Form 114,
Report of Foreign Bank and Financial
Accounts (FBAR)
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 request 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
this request.
DATES: Comments should be received on
or before April 29, 2024 to be assured
of consideration.
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SUMMARY:
VerDate Sep<11>2014
16:49 Mar 28, 2024
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22241
reporting form prescribed under 31
U.S.C. 5314. The FinCEN Report 114,
Report of Foreign Bank and Financial
Accounts (FBAR) is used to file the
information required by this section.
The FBAR must be filed electronically
with FinCEN. 31 CFR 1010.306(c)
requires the FBAR to be filed for foreign
financial accounts exceeding $10,000
maintained during the previous
calendar year. No FBAR is required to
be filed if the aggregate account value of
foreign financial accounts maintained
during the previous calendar year is
below $10,000.
31 CFR 1010.420 outlines the
recordkeeping requirements associated
with foreign financial accounts required
SUPPLEMENTARY INFORMATION:
to be reported under section 1010.350.
Financial Crimes Enforcement Network Specifically, filers must retain records of
such accounts for a period of five years
(FinCEN)
and make the records available for
Title: Reports of Foreign Financial
Accounts Regulations and FinCEN Form inspection as authorized by law.
Form: FinCEN Report 114.
114, Report of Foreign Bank and
Affected Public: Individuals and
Financial Accounts (FBAR).
households.
OMB Control Number: 1506–0009.
Estimated Number of Respondents:
Type of Review: Extension without
1,503,807.
change of a currently approved
Frequency of Response: Annually.
collection.
Estimated Total Number of Annual
Description: 31 U.S.C. 5314 authorizes
the Secretary to require any ‘‘resident or Responses: 1,503,807.
Estimated Time per Response: 1 hour.
citizen of the United States or a person
Estimated Total Annual Burden
in, and doing business in, the United
Hours: 1,503,807.
States, to . . . keep records and file
Authority: 44 U.S.C. 3501 et seq.
reports, when the resident, citizen, or
person makes a transaction or maintains Spencer W. Clark,
a relation for any person with a foreign
Treasury PRA Clearance Officer.
financial agency.’’ The term ‘‘foreign
[FR Doc. 2024–06697 Filed 3–28–24; 8:45 am]
financial agency’’ encompasses the
BILLING CODE 4810–02–P
activities outside the United States of an
entity that meets the statutory definition
of ‘‘financial agency,’’ notably, ‘‘a
DEPARTMENT OF THE TREASURY
person acting for a person as a financial
institution, bailee, depository trustee, or Agency Information Collection
agent, or acting in a similar way related
Activities; Submission for OMB
to money, credit, securities, gold, or a
Review; Comment Request; Multiple
transaction in money, credit, securities
Internal Revenue Service (IRS)
or gold, or a service provided with
Information Collection Requests
respect to money, securities, futures,
AGENCY: Departmental Offices,
precious metals, stone and jewels, or
value that substitutes for currency.’’ The Department of the Treasury.
Secretary is also authorized to prescribe ACTION: Notice.
exemptions to the reporting requirement
SUMMARY: The Department of the
and to prescribe other matters the
Treasury will submit the following
Secretary considers necessary to carry
information collection requests to the
out 31 U.S.C. 5314.
Office of Management and Budget
The regulations implementing 31
U.S.C. 5314 appear at 31 CFR 1010.350, (OMB) for review and clearance in
accordance with the Paperwork
1010.360, and 1010.420. 31 CFR
Reduction Act of 1995, on or after the
1010.350 generally requires each U.S.
date of publication of this notice. The
person having a financial interest in, or
public is invited to submit comments on
signature or other authority over, a
these requests.
bank, securities, or other financial
DATES: Comments should be received on
account in a foreign country to report
or before April 29, 2024 to be assured
such relationship to the Commissioner
of consideration.
of Internal Revenue for each year such
relationship exists, and to provide and
ADDRESSES: Written comments and
report such information specified in a
recommendations for the proposed
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.
ADDRESSES:
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Federal Register / Vol. 89, No. 62 / Friday, March 29, 2024 / Notices
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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:
Internal Revenue Service (IRS)
1. Title: Application for Approval of
Prototype Simplified Employee Pension
(SEP) or Savings Incentive Match Plan
for Employees of Small Employers
(SIMPLE IRA Plan).
OMB Number: 1545–0199.
Form Number: 5306–A.
Abstract: This form is used by banks,
credit unions, insurance companies, and
trade or professional associations to
apply for approval of a simplified
employee pension plan or a Savings
Incentive Match Plan to be used by
more than one employer. The data
collected is used to determine if the
prototype plan submitted is an
approved plan.
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 forprofit organizations.
Estimated Number of Respondents: 6.
Estimated Time per Respondent: 19
hours, 37 minutes.
Estimated Total Annual Burden
Hours: 116.
2. Title: U.S. Estate (and GenerationSkipping Transfer) Tax Return Estate of
Nonresident not a Citizen of the U.S.
OMB Number: 1545–0531.
Form Number: 706–NA.
Abstract: Form 706–NA is used to
compute estate and generation-skipping
transfer tax liability for nonresident
alien decedents in accordance with
section 6018 of the Internal Revenue
Code. IRS uses the information on the
form to determine the correct amount of
tax and credits.
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; and Businesses or other forprofit organizations.
Estimated Number of Responses:
20,500.
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16:49 Mar 28, 2024
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Estimated Time per Respondent: 4
hours, 48 minutes.
Estimated Total Annual Burden
Hours: 91,840.
3. Title: Annual Certification for
Multiemployer Defined Benefit Plans.
OMB Number: 1545–2111.
Form Number: 15315.
Abstract: Internal Revenue Code
section 432(b)(3) requires an actuarial
certification of whether a multiemployer
plan is in endangered status, and
whether a multiemployer plan is or will
be in critical status, for each plan year.
This certification must be completed by
the 90th day of the plan year and must
be provided to the Secretary of the
Treasury and to the plan sponsor. If the
certification is with respect to a plan
year that is within the plan’s funding
improvement period or rehabilitation
period arising from a prior certification
of endangered or critical status, the
actuary must also certify whether the
plan is making scheduled progress in
meeting the requirements of its funding
improvement or rehabilitation plan.
Actuaries submit Form 15315 to
report the actuarial certification of a
multiemployer plan’s status.
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, Not-for-profit
institutions.
Estimated Number of Responses:
1,200.
Estimated Time per Respondent: 45
minutes.
Estimated Total Annual Burden
Hours: 900.
4. Title: Grandfathered Health Plan.
OMB Number: 1545–2178.
Form Project Number: TD 9744.
Abstract: This document contains
final regulations regarding
grandfathered health plans, preexisting
condition exclusions, lifetime and
annual dollar limits on benefits,
rescissions, coverage of dependent
children to age 26, internal claims and
appeal and external review processes,
and patient protections under the
Affordable Care Act. It finalizes changes
to the proposed and interim final rules
based on comments and incorporates
sub regulatory guidance issued since
publication of the proposed and interim
final rules.
Current Actions: Adjustments to the
burden estimates result from updated
estimates on the number of
grandfathered group health plans and
increases in wage and postage rates.
These updated data inputs reduce the
hour burden by 1,550 hours compared
with the prior submission and reduce
PO 00000
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Sfmt 4703
the cost burden by $241,267 compared
with the prior submission.
Type of Review: Revision of a
currently approved collection.
Affected Public: Private Sector—
Businesses or other for-profits and not
for profit institutions.
Estimated Number of Responses:
8,868,468.
Estimated Time per Respondent: 2
min.
Estimated Total Annual Burden
Hours: 655.
5. Title: Qualification and Transfer of
Credit under Sections 30D and 25E from
Taxpayer to Eligible Entity.
OMB Number: 1545–2311.
Abstract: Under the procedures
prescribed in these revenue procedures,
a dealer of a new clean vehicle or
previously owned clean vehicle that
wishes to partake in the advanced
payment program under IRC sections
30D(g) and 25E(f) must register with the
IRS through the IRS Identity
Registration System and through the IRS
Clean Vehicle Sales Portal. At the time
of registration through the IRS Clean
Vehicle Sales Portal, the dealer must
provide certain information to the IRS
and make certain certifications. After
those are complete, the IRS will perform
a tax compliance check to ensure the
dealer is compliant with its tax
obligations. After a taxpayer makes a
transfer election under IRC sections
30D(g) or 25E(f) to the dealer, a dealer
must upload certain information
through the IRS Clean Vehicle Sales
Portal, and the IRS, upon review, and if
all conditions are met, will issue a
payment to the dealer.
Qualified manufacturers who wish to
have certain new clean vehicles qualify
for the IRC section 30D credit in the
subsequent year must submit certain
information related to applicable critical
minerals and battery components.
The IRS created a Clean Vehicles Sale
Portal for qualified manufacturers,
dealers, and sellers to register and
provide the requisite information. The
likely respondents are businesses and
other for-profit entities.
Current Actions: There are changes to
the existing collection. The IRS is
revising this collection to add reporting
obligations for qualified manufacturers
to submit to the Department of Energy
(DOE). This creates a modified
collection obligation for qualified
manufacturers related to applicable
critical minerals and battery
components. This modification provides
that qualified manufacturers who wish
to have certain new clean vehicles
qualify for the IRC section 30D credit in
the subsequent year must submit a
report to the DOE that includes
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Federal Register / Vol. 89, No. 62 / Friday, March 29, 2024 / Notices
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supporting documentation in relation to
battery components and applicable
critical minerals, as well as associated
constituent materials, contained in the
battery from which the electric motor of
the vehicle draws electricity; and
submit attestations under penalty of
perjury.
VerDate Sep<11>2014
16:49 Mar 28, 2024
Jkt 262001
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses:
1,031,150.
Estimated Average Time per
Respondent: 116 hours, 30 minutes.
PO 00000
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22243
Estimated Total Annual Burden
Hours: 301,138.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2024–06680 Filed 3–28–24; 8:45 am]
BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 89, Number 62 (Friday, March 29, 2024)]
[Notices]
[Pages 22241-22243]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-06680]
-----------------------------------------------------------------------
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, 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 should be received on or before April 29, 2024 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
[[Page 22242]]
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: Application for Approval of Prototype Simplified Employee
Pension (SEP) or Savings Incentive Match Plan for Employees of Small
Employers (SIMPLE IRA Plan).
OMB Number: 1545-0199.
Form Number: 5306-A.
Abstract: This form is used by banks, credit unions, insurance
companies, and trade or professional associations to apply for approval
of a simplified employee pension plan or a Savings Incentive Match Plan
to be used by more than one employer. The data collected is used to
determine if the prototype plan submitted is an approved plan.
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 organizations.
Estimated Number of Respondents: 6.
Estimated Time per Respondent: 19 hours, 37 minutes.
Estimated Total Annual Burden Hours: 116.
2. Title: U.S. Estate (and Generation-Skipping Transfer) Tax Return
Estate of Nonresident not a Citizen of the U.S.
OMB Number: 1545-0531.
Form Number: 706-NA.
Abstract: Form 706-NA is used to compute estate and generation-
skipping transfer tax liability for nonresident alien decedents in
accordance with section 6018 of the Internal Revenue Code. IRS uses the
information on the form to determine the correct amount of tax and
credits.
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; and Businesses or other
for-profit organizations.
Estimated Number of Responses: 20,500.
Estimated Time per Respondent: 4 hours, 48 minutes.
Estimated Total Annual Burden Hours: 91,840.
3. Title: Annual Certification for Multiemployer Defined Benefit
Plans.
OMB Number: 1545-2111.
Form Number: 15315.
Abstract: Internal Revenue Code section 432(b)(3) requires an
actuarial certification of whether a multiemployer plan is in
endangered status, and whether a multiemployer plan is or will be in
critical status, for each plan year. This certification must be
completed by the 90th day of the plan year and must be provided to the
Secretary of the Treasury and to the plan sponsor. If the certification
is with respect to a plan year that is within the plan's funding
improvement period or rehabilitation period arising from a prior
certification of endangered or critical status, the actuary must also
certify whether the plan is making scheduled progress in meeting the
requirements of its funding improvement or rehabilitation plan.
Actuaries submit Form 15315 to report the actuarial certification
of a multiemployer plan's status.
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, Not-
for-profit institutions.
Estimated Number of Responses: 1,200.
Estimated Time per Respondent: 45 minutes.
Estimated Total Annual Burden Hours: 900.
4. Title: Grandfathered Health Plan.
OMB Number: 1545-2178.
Form Project Number: TD 9744.
Abstract: This document contains final regulations regarding
grandfathered health plans, preexisting condition exclusions, lifetime
and annual dollar limits on benefits, rescissions, coverage of
dependent children to age 26, internal claims and appeal and external
review processes, and patient protections under the Affordable Care
Act. It finalizes changes to the proposed and interim final rules based
on comments and incorporates sub regulatory guidance issued since
publication of the proposed and interim final rules.
Current Actions: Adjustments to the burden estimates result from
updated estimates on the number of grandfathered group health plans and
increases in wage and postage rates. These updated data inputs reduce
the hour burden by 1,550 hours compared with the prior submission and
reduce the cost burden by $241,267 compared with the prior submission.
Type of Review: Revision of a currently approved collection.
Affected Public: Private Sector--Businesses or other for-profits
and not for profit institutions.
Estimated Number of Responses: 8,868,468.
Estimated Time per Respondent: 2 min.
Estimated Total Annual Burden Hours: 655.
5. Title: Qualification and Transfer of Credit under Sections 30D
and 25E from Taxpayer to Eligible Entity.
OMB Number: 1545-2311.
Abstract: Under the procedures prescribed in these revenue
procedures, a dealer of a new clean vehicle or previously owned clean
vehicle that wishes to partake in the advanced payment program under
IRC sections 30D(g) and 25E(f) must register with the IRS through the
IRS Identity Registration System and through the IRS Clean Vehicle
Sales Portal. At the time of registration through the IRS Clean Vehicle
Sales Portal, the dealer must provide certain information to the IRS
and make certain certifications. After those are complete, the IRS will
perform a tax compliance check to ensure the dealer is compliant with
its tax obligations. After a taxpayer makes a transfer election under
IRC sections 30D(g) or 25E(f) to the dealer, a dealer must upload
certain information through the IRS Clean Vehicle Sales Portal, and the
IRS, upon review, and if all conditions are met, will issue a payment
to the dealer.
Qualified manufacturers who wish to have certain new clean vehicles
qualify for the IRC section 30D credit in the subsequent year must
submit certain information related to applicable critical minerals and
battery components.
The IRS created a Clean Vehicles Sale Portal for qualified
manufacturers, dealers, and sellers to register and provide the
requisite information. The likely respondents are businesses and other
for-profit entities.
Current Actions: There are changes to the existing collection. The
IRS is revising this collection to add reporting obligations for
qualified manufacturers to submit to the Department of Energy (DOE).
This creates a modified collection obligation for qualified
manufacturers related to applicable critical minerals and battery
components. This modification provides that qualified manufacturers who
wish to have certain new clean vehicles qualify for the IRC section 30D
credit in the subsequent year must submit a report to the DOE that
includes
[[Page 22243]]
supporting documentation in relation to battery components and
applicable critical minerals, as well as associated constituent
materials, contained in the battery from which the electric motor of
the vehicle draws electricity; and submit attestations under penalty of
perjury.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 1,031,150.
Estimated Average Time per Respondent: 116 hours, 30 minutes.
Estimated Total Annual Burden Hours: 301,138.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2024-06680 Filed 3-28-24; 8:45 am]
BILLING CODE 4830-01-P
