Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service (IRS) Information Collection Requests, 61586-61592 [2024-16844]
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61586
Federal Register / Vol. 89, No. 147 / Wednesday, July 31, 2024 / Notices
associated forms, and the Impact Story
submission form.
Affected Public: State, Territorial,
Tribal, and certain Local Governments.
Estimated Number of Respondents:
30,000.
Frequency of Response: As required.
Estimated Total Number of Annual
Responses: 82,874.
Estimated Time per Response: 15
minutes to 1 hour for Award and
Payment forms, up to 100 hours for
Annual Recovery Plan Performance
Reports, up to 15 hours for annual and
quarterly Project and Expenditure
Reports, up to 2 hours for Title I NEPA
Environmental Reviews, and up to 1
hour for optional impact story
submissions, in addition to time spent
on previously collected items.
Estimated Total Annual Burden
Hours: 628,494.
Authority: 44 U.S.C. 3501 et seq.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024–16865 Filed 7–30–24; 8:45 am]
BILLING CODE 4810–AK–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
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 August 30, 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 PRA@treasury.gov, calling
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SUMMARY:
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(202) 622–1035, or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
1. Title: Payout Requirements for
Type III Supporting Organizations that
are not Functionally Integrated.
OMB Number: 1545–2157.
Regulation Project Number: TD 9605.
Abstract: This document contains
final regulations regarding the
requirements to qualify as a Type III
supporting organization that is operated
in connection with one or more
supported organizations. The
regulations reflect changes to the law
made by the Pension Protection Act of
2006. The regulations will affect Type
III supporting organizations and their
supported organizations.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. However, the
estimated number of responses were
updated based on current filing data.
Type of Review: Extension of a
currently approved collection.
Affected Public: Not-for-profit
institutions, State, local or Tribal
governments.
Estimated Number of Respondents:
6,089.
Estimated Time per Respondent: 2
hours.
Estimated Total Annual Burden
Hours: 12,178.
2. Title: Limited Payability Claim
Against the United States for Proceeds
of An Internal Revenue Refund Check.
OMB Number: 1545–2024.
Document Number: 13818.
Abstract: Form 13818, Limited
Payability Claim Against the United
States for the Proceeds of an Internal
Revenue Refund Check, is sent to the
payee (taxpayer). This form is designed
to provide taxpayers a method to file a
claim for a replacement check when the
original check is over 12 months old.
Current Actions: There are no changes
to the burden previously approved by
OMB. This request is to extend the
current approval for another 3 years.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, Businesses, and other forprofit organizations.
Estimated Number of Respondents:
6,000.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden
Hours: 6,000.
3. Title: U.S. Information Return-Trust
Accumulation of Charitable Amounts.
OMB Number: 1545–0094.
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Form Number: 1041–A.
Abstract: Form 1041–A is used to
report the information required in
Internal Revenue Code section 6034
concerning accumulation and
distribution of charitable amounts.
Trusts claiming a contributions
deduction under section 642(c) or splitinterest trusts described in section
4947(a)(2) use Form 1041–A to report
information required by section 6034.
Current Actions: There are changes
(reduction in filers) in the paperwork
burden previously approved by OMB.
The Tax Cuts and Jobs Act of 2017 (Pub.
L. 115–97) amended section 641(c)(2).
As a result, Electing Small Business
Trusts (ESBTs) are no longer subject to
the charitable information reporting
requirements under section 6034 and do
not file Form 1041–A. This form is
being submitted for renewal purposes
only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations, and
individuals.
Estimated Number of Respondents:
6,700.
Estimated Time per Respondent: 36
hours, 40 minutes.
Estimated Total Annual Burden
Hours: 245,622.
4. Title: Information Reporting
Requirements under Code sec. 6039.
OMB Number: 1545–2129.
Document Number: Forms 3921 and
3922.
Abstract: Form 3921 is a copy of the
information return filed with the
Internal Revenue Service by the
corporation which transferred shares of
stock to a recipient. Form 3922 is used
by the corporation to record a transfer
of the legal title of a share of stock
acquired by the employee where the
stock was acquired pursuant to the
exercise of an option described in
Internal Revenue Code section 423(c).
Treasury Decision 9470 contains the
final regulations relating to the return
and information statement requirements
under Internal Revenue Code section
6039. These regulations reflect changes
to section 6039 made by section 403 of
the Tax Relief and Health Care Act of
2006.
Current Actions: There are no changes
to the burden previously approved by
OMB. This request is to extend the
current approval for another 3 years.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business and other
for-profit organizations.
Estimated Number of Respondents:
6,676,894.
Estimated Time per Respondent: 25
min.
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Estimated Total Annual Burden
Hours: 1,457,411.
5. Title: Product Liability Losses and
Accumulations for Product Liability
Losses.
OMB Number: 1545–0863.
Regulation Project Number: T.D. 8096.
Abstract: T.D. 8096 provides final
regulations relating to product liability
losses and accumulations for the
payment of reasonable anticipated
product liability losses. Changes to the
applicable tax law were made by the
Revenue Act of 1978. Generally, a
taxpayer who sustains a product
liability loss must carry the loss back 10
years. However, a taxpayer may elect to
have such loss treated as a regular net
operating loss under section 172. If
desired, such election is made by
attaching a statement to the tax return.
This statement will enable the IRS to
monitor compliance with the statutory
requirements.
Current Actions: There is no change to
this existing regulation or to the
paperwork burden previously approved
by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
5,000.
Estimated Time per Respondent: 30
minutes.
Estimated Total Annual Burden
Hours: 2,500.
6. Title: Low-Income Housing Credit
Agencies Report of Noncompliance or
Building Disposition.
OMB Number: 1545–1204.
Form Number: 8823.
Abstract: Under Internal Revenue
Code section 42(m)(1)(B)(iii), state
housing credit agencies are required to
notify the IRS of any building
disposition or noncompliance with the
low-income housing tax credit
provisions. A separate form must be
filed for each building that is not in
compliance. The IRS uses this
information to determine whether the
low-income housing credit is being
correctly claimed and whether there is
any credit recapture.
Current Actions: There are no changes
being made to the form at this time,
changes to the burden estimates are due
to IRS most current filing data.
Type of Review: Extension of a
currently approved collection.
Affected Public: State or local
government housing credit agencies.
Estimated Number of Respondents:
14,474.
Estimated Time per Respondent:
15.16 hours.
Estimated Total Annual Burden
Hours: 219,426.
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7. Title: Refunds and Credits; Periods
of Limitations; Financial Disability.
OMB Number: 1545–1649.
Revenue Procedure: Revenue
Procedure 99–21.
Abstract: Generally, under section
6511(a), a taxpayer must file a claim for
credit or refund of tax within three years
after the date of filing a tax return or
within two years after the date of
payment of the tax, whichever period
expires later. Under section 6511(h), the
statute of limitations on claims for
credit or refund is suspended for any
period of an individual taxpayer’s life
during which the taxpayer is unable to
manage his or her financial affairs
because of a medically determinable
mental or physical impairment, if the
impairment can be expected to result in
death, or has lasted (or can be expected
to last) for a continuous period of not
less than 12 months.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. The revenue
procedure 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:
48,200.
Estimated Time per Response: 30
minutes.
Estimated Total Annual Burden
Hours: 24,100.
8. Title: Statement of Liability of
Lender, Surety, or Other Person for
Withholding Taxes.
OMB Number: 1545–2254.
Form Number: Form 4219.
Abstract: Third parties who directly
pay another’s payrolls can be held liable
for the full amount of taxes required to
be withheld but not paid to the
Government (subject to the 25%
limitation). IRC 3505 deals with persons
who supply funds to an employer for
the purpose of paying wages. The
notification that a third party is paying
or supplying wages will usually be
made by filing of the Form 4219,
Statement of Liability of Lender, Surety,
or Other Person for Withholding Taxes.
The Form 4219, Statement of Liability of
Lender, Surety, or Other Person for
Withholding Taxes, is to be submitted
and associated with each employer and
for every calendar quarter for which a
liability under section 3505 is incurred.
Current Actions: There have been no
changes to the form that would affect
burden.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses and other
for-profit organizations, Not-for-profit
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institutions, Farms, Federal
Government, State, Local, or Tribal
Government.
Estimated Number of Respondents:
1,000.
Estimated Time per Respondent: 12
hours, 50 minutes.
Estimated Total Annual Burden
Hours: 12,833.
9. Title: Itemized Statement
Component of Advisee List.
OMB Number: 1545–1686.
Form Number: Form 13976.
Abstract: Internal Revenue Code (IRC)
Section 6112, (as amended by the
American Jobs Creation Act of 2004,
Pub. L. 108–357), requires that each
material advisor with respect to any
reportable transaction shall maintain (in
such manner as the Secretary may by
regulations prescribe) a list identifying
each person with respect to whom the
advisor acted as a material advisor.
Form 13976, Itemized Statement
Component of Advisee List, may be
used by Material Advisors for the
purpose of preparing and maintaining
list with respect to reportable
transaction under section 6112, but the
form is not required to be used under
301.6112–1, but is offered as an option
for maintaining the transaction
participants list.
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: Business or other forprofit organizations, individuals or
households, and not-for-profit
institutions.
Estimated Number of Respondents:
500.
Estimated Time per Respondent: 100.
Estimated Total Annual Burden
Hours: 50,000 hours.
10. Title: Information Reporting by
Passport Applicants.
OMB Number: 1545–1359.
Regulation Number: T.D. 9679.
Abstract: These final regulations
provide information reporting rules for
certain passport applicants. These final
regulations apply to certain individuals
applying for passports (including
renewals) and provide guidance to such
individuals about the information that
must be included with their passport
application.
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 or
Households.
Estimated Number of Respondents:
12,133,537.
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Estimated Time per Response: 6
minutes.
Estimated Total Annual Burden
Hours: 1,213,354 hours.
11. Title: Manufacturers Excise Taxes
on Sporting Goods and Firearms and
Other Administrative Provisions of
Special Application to Manufacturers
and Retailers Excise Taxes Reporting
and Recordkeeping Requirements.
OMB Number: 1545–0723.
Regulation Project Number: T.D. 8043.
Abstract: Chapters 31 and 32 of the
Internal Revenue Code impose excise
taxes on the sale or use of certain
articles. Code section 6416 allows a
credit or refund of the tax to
manufacturers in certain cases. Code
sections 6420, 6421, and 6427 allow
credits or refunds of the tax to certain
users of the articles. This regulation
contains reporting and recordkeeping
requirements that enable the IRS and
taxpayers to verify that the proper
amount of tax is reported or excluded.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. The regulation is
being submitted for renewal purposes
only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit or not-for-profit institutions.
Estimated Number of Respondents:
1,500,000.
Estimated Time per Response: 19
minutes.
Estimated Total Annual Burden
Hours: 475,000.
12. Title: Guidance under Sections
897, 1445, and 6109 to require use of
Taxpayer Identifying Numbers on
Submission under the Section 897 and
1445.
OMB Number: 1545–1797.
Document Number: TD 9082, TD
9751.
Abstract: The collection of
information relates to applications for
withholding certificates under section
1.1445–3 to be filed with the IRS with
respect to (1) dispositions of U.S. real
property interests that have been used
by foreign persons as a principle
residence within the prior 5 years and
excluded from gross income under
section 121 and (2) dispositions of U.S.
real property interests by foreign
persons in deferred like kind exchanges
that qualify for nonrecognition under
section 1031.
Current Actions: There are no changes
to the burden previously approved by
OMB. This request is to extend the
current approval for another 3 years.
Type of Review: Extension of a
currently approved collection.
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Affected Public: Individuals or
households and Business or other forprofit.
Estimated Number of Respondents:
50.
Estimated Time per Respondent: 2
hrs.
Estimated Total Annual Burden
Hours: 100.
13. Title: Claim for Refund and
Request for Abatement.
OMB Number: 1545–0024.
Form Number: 843.
Abstract: Internal Revenue Code
section 6402, 6404, and sections
301.6402–2, 301.6404–1, and 301.6404–
3 of the regulations allow for refunds of
taxes (except income taxes) or refund,
abatement, or credit of interest,
penalties, and additions to tax in the
event of errors or certain actions by the
IRS. Form 843 is used by taxpayers to
claim these refunds, credits, or
abatements.
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, individuals or
households, not-for-profit institutions,
farms, and State, local or Tribal
governments.
Estimated Number of Responses:
550,500.
Estimated Time per Respondent: 1 hr.,
35 min.
Estimated Total Annual Burden
Hours: 875,295.
14. Title: Disclosure of Tax Return
Information for Purposes of Quality or
Peer Reviews, Due to Incapacity or
Death of Tax Return Preparer.
OMB Number: 1545–1209.
Regulation Project Number: TD 8383.
Abstract: These regulations govern the
circumstances under which tax return
information may be disclosed for
purposes of conducting quality or peer
reviews, and disclosures that are
necessary because of the tax return
preparer’s death or incapacity.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
250,000.
Estimated Time per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 250,000.
15. Title: Application for
Determination of Employee Stock
Ownership Plan (ESOP).
OMB Number: 1545–0284.
Form Number: 5309.
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Abstract: Internal Revenue Code
section 404(a) allows employers an
income tax deduction for contributions
to their qualified deferred compensation
plans. Form 5309 is used to request an
IRS determination letter about whether
the plan is qualified under Code section
409 or 4975(e)(7).
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:
3,655.
Estimated Time per Respondent: 10
hours, 47 minutes.
Estimated Total Annual Burden
Hours: 39,437.
16. Title: Special Rules and Certificate
of Partner-Level Items to Reduce Section
1446 Withholding.
OMB Number: 1545–1934.
Regulation and Form Number: T.D.
9394 and Form 8404–C.
Abstract: T.D. 9394 contains final
regulations regarding when a
partnership may consider certain
deductions and losses of a foreign
partner to reduce or eliminate the
partnership’s obligation to pay
withholding tax under section 1446 on
effectively connected taxable income
allocable under section 704 to such
partner. Form 8804–C is used by a
foreign partner that voluntary submit to
the partnership if it chooses to provide
a certification that could reduce or
eliminate the partnership’s withholding
tax obligation under section 1446 (1446
tax) on the partner’s allocable share of
effectively connected income (ECTI)
from the partnership.
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, Individuals or
Households, and Not-for-Profit
Organizations.
Form 8804–C
Estimated Number of Respondents:
1,000.
Estimated Time per Response: 18.7
hours.
Estimated Total Annual Burden
Hours: 18,700 hours.
17. Title: Electronic Deposit of Tax
Refund of $1 Million of More.
OMB Number: 1545–1763.
Form Number: Form 8302.
Abstract: Form 8302 is used to report
an electronic deposit of a tax refund of
$1 millon or more directly into an
account at any U.S. bank or other
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financial institution that accepts
electronic deposits.
Current Actions: There is no change to
the existing collection. However, the
estimated number of responses was
updated based on current filing data.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Responses: 160.
Estimated Time per Respondent: 1
hours, 42 minutes.
Estimated Total Annual Burden
Hours: 272.
18. Title: Electronic Filing of Form
W–4.
OMB Number: 1545–1435.
Regulation Number: T.D. 8706.
Abstract: Information is required by
the Internal Revenue Service to verify
compliance with regulation section
31.3402(f)(2)–1(g)(1), which requires
submission to the Service of certain
withholding exemption certificates. The
affected respondents are employers that
choose to make electronic filing of
Forms W–4 available to their
employees.
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: Business or other forprofit organizations, not for-profit
institutions, and Federal, State, local or
Tribal governments.
Estimated Number of Respondents:
2,000.
Estimated Number of Responses:
160,000.
Estimated Time per Response: 15
minutes.
Estimated Total Annual Burden
Hours: 40,000 hours.
19. Title: Cancellation of Debt.
OMB Number: 1545–1424.
Form Number: 1099–C.
Regulation Project Number: TD 9793.
Abstract: This form is used by Federal
Government agencies, financial
institutions, and credit unions to report
the cancellation or forgiveness of a debt
of $600 or more, as required by section
6050P of the Internal Revenue Code.
The IRS uses the form to verify
compliance with the reporting rules and
to verify that the debtor has included
the proper amount of canceled debt in
income on his or her income tax return.
TD 9793
Abstract: These regulations under
section 6050P of the Internal Revenue
Code (Code), relating to the rule in
§ 1.6050P–1(b)(2)(iv) that the 36-month
non-payment testing period is an
identifiable event triggering an
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information reporting obligation on
Form 1099–C for discharge of
indebtedness by certain entities.
Current Actions: There are no changes
being made to the form or regulation at
this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, not-for-profit
institutions, and the Federal
Government.
Estimated Number of Responses:
6,540,900.
Estimated Time per Response: 13
minutes.
Estimated Total Annual Burden
Hours: 1,438,998.
20. Title: Credit for Increasing
Research Activities.
OMB Number: 1545–0619.
Form Number: 6765.
Abstract: Internal Revenue Code
section 38 allows a credit against
income tax (Determined under IRC
section 41) for an increase in research
activities in a trade or business. Form
6765 is used by businesses and
individuals engaged in a trade or
business to figure and report the credit.
The data is used to verify that the credit
claimed is correct.
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: Business or other forprofit organizations, individuals, and
not-for-profit institutions.
Estimated Number of Respondents:
15,805.
Estimated Time per Respondent: 18
hours, 3 minutes.
Estimated Total Annual Burden
Hours: 285,281 hours.
21. Title: Request for Change in Plan/
Trust Year (Form 5308).
OMB Number: 1545–0201.
Form Number: Form 5308.
Abstract: Form 5308 is used to request
permission to change the plan or trust
year for a pension benefit plan. The
information submitted is used in
determining whether IRS should grant
permission of the change.
Current Actions: There is no change to
the existing collection. However, the
time per respondent was recalculated
for a better estimate.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Responses: 3.
Estimated Time per Respondent: 7
hours, 54 minutes.
Estimated Total Annual Burden
Hours: 24.
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22. Title: Treaty-Based Return
Position Disclosure.
OMB Number: 1545–1354.
Document Number: 8833.
Abstract: Revenue Procedure 2010–19
provides guidance for individuals who
emigrate from Canada and wish to make
an election for U.S. federal income tax
purposes. Form 8833 is used by
taxpayers to make the treaty-based
return position disclosure required by
section 6114.
Current Actions: There are no changes
to the burden previously approved by
OMB. This request is to extend the
current approval for another 3 years.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business and other
for-profit organizations.
Estimated Number of Respondents:
4,100.
Estimated Time per Respondent: 7
hrs., 25 min.
Estimated Total Annual Burden
Hours: 25,740.
23. Title: Continuation Coverage
Requirements Application to Group
Health Plans.
OMB Number: 1545–1581.
Regulation Number: REG–209485–86
(TD 8812).
Abstract: The regulations require
group health plans to provide notices to
individuals who are entitled to elect
COBRA (The Consolidated Omnibus
Budget Reconciliation Act of 1985)
continuation coverage of their election
rights. Individuals who wish to obtain
the benefits provided under the statute
are required to provide plans notices in
the cases of divorce from the covered
employee, a dependent child’s ceasing
to be dependent under the terms of the
plan, and disability. Most plans will
require that elections of COBRA
continuation coverage be made in
writing. In cases where qualified
beneficiaries are short by an
insignificant amount in a payment made
to the plan, the regulations require the
plan to notify the qualified beneficiary
if the plan does not wish to treat the
tendered payment as full payment. If a
health care provider contacts a plan to
confirm coverage of a qualified
beneficiary, the regulations require that
the plan disclose the qualified
beneficiary’s complete rights to
coverage.
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: Business or other forprofit organizations, individuals or
households, and not-for-profit
institutions.
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Estimated Number of Respondents:
12,079,600.
Estimated Time per Response: Varies
from 30 seconds to 330 hours,
depending on individual circumstances,
with an estimated average of 14
minutes.
Estimated Total Annual Burden
Hours: 404,640 hours.
24. Title: Monthly Tax Return for
Wagers (Form 730).
OMB Number: 1545–0235.
Form Number: Form 730.
Abstract: Form 730 is used to identify
taxable wagers under Internal Revenue
Code section 4401 and collect the tax
monthly. The information is used to
determine if persons accepting wagers
are correctly reporting the amount of
wagers and paying the required tax.
Current Actions: There is no change to
the existing collection. However, the
estimated number of responses was
updated based on current filing data.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Responses:
17,796.
Estimated Time per Respondent: 8
hours, 11 minutes.
Estimated Total Annual Burden
Hours: 145,749.
25. Title: Carryover of Passive Activity
Losses and Credits and At-Risk losses to
Bankruptcy Estates for Individuals.
OMB Number: 1545–1375.
Regulation Project Number: T.D. 8537.
Abstract: These regulations relate to
the application of carryover of passive
activity losses and credits and at risk
losses to the bankruptcy estates of
individuals. The final regulations affect
individual taxpayers who file
bankruptcy petitions under chapter 7 or
chapter 11 of title 11 of the United
States Code and have passive activity
losses and credits under section 469 or
losses under section 465.
Current Actions: There are no changes
being made to this existing regulation or
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:
500.
Estimated Time per Respondent: 12
Minutes.
Estimated Total Annual Burden
Hours: 100.
26. Title: Adjustments to Basis of
Stock and Indebtedness to Shareholders
of S Corporations and Treatment of
Distributions by S Corporations to
Shareholders.
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OMB Number: 1545–1139.
Regulation Project Number: TD 9300
and TD 9428.
Abstract: This document contains
final regulations relating to the
passthrough of items of an S corporation
to its shareholders, the adjustments to
the basis of stock of the shareholders,
and the treatment of distributions by an
S corporation. Changes to the applicable
law were made by the Subchapter S
Revision Act of 1982, the Tax Reform
Act of 1984, the Tax Reform Act of
1986, the Technical and Miscellaneous
Revenue Act of 1988, and the Small
Business Job Protection Act of 1996.
These regulations provide the public
with guidance needed to comply with
the applicable law and will affect S
corporations and their shareholders.
Current Actions: There are no changes
being made to this existing regulation or
to the paperwork burden previously
approved by OMB.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations and individuals.
Estimated Number of Responses:
2,000.
Estimated Time per Respondent: 6
minutes.
Estimated Total Annual Burden
Hours: 200.
27. Title: Salary Reduction Simplified
Employee Pension—Individual
Retirement Accounts Contribution
Agreement.
OMB Number: 1545–1012.
Document Number: 5305A SEP.
Abstract: Form 5305A–SEP is used by
an employer to make an agreement to
provide benefits to all employees under
a Simplified Employee Pension (SEP)
described in Internal Revenue Code
section 408(k). This form is not to be
filed with the IRS, but is to be retained
in the employer’s records as proof of
establishing a SEP and justifying a
deduction for contributions made to the
SEP.
Current Actions: There are no changes
to the burden previously approved by
OMB. This request is to extend the
current approval for another 3 years.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business and other
for-profit organizations.
Estimated Number of Respondents:
100,000.
Estimated Time per Respondent: 9
hrs., 43 min.
Estimated Total Annual Burden
Hours: 972,000.
28. Title: PTIN Supplemental
Application for U.S. Citizens Without A
Social Security Number Due to
Conscientious Religious Objection.
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OMB Number: 1545–2188.
Form Number: 8945.
Abstract: Form 8945 is used by U.S.
citizens who are members of certain
recognized religious groups that want to
prepare tax returns for compensation.
Most individuals applying for a Preparer
Tax Identification Number (PTIN) will
have a social security number, which
will be used to help establish their
identity. However, there exists a
population of U.S. residents that are
religious objectors and do not have
social security numbers. Form 8945 was
created to assist that population in
establishing their identity while
applying for a PTIN.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses and other
for-profit organizations.
Estimated Number of Respondents:
500.
Estimated Time per Respondent: 7
hours, 11 min.
Estimated Total Annual Burden
Hours: 3,590.
29. Title: Diesel Fuel and Kerosene
Excise Tax; Dye Injection.
OMB Number: 1545–1418.
Regulation Project Number: TD 9199.
Abstract: This document contains
regulations relating to the diesel fuel
and kerosene excise tax. These
regulations reflect changes made by the
American Jobs Creation Act of 2004
regarding mechanical dye injection
systems for diesel fuel and kerosene.
These regulations affect certain enterers,
refiners, terminal operators, and through
putters.
Current Actions: There are no changes
to the burden previously approved by
OMB. This request is to extend the
current approval for another 3 years.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business and other
for-profit organizations.
Estimated Number of Respondents: 1.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden
Hours: 1.
30. Title: Acquisition or
Abandonment of Secured Property.
OMB Number: 1545–0877.
Form Number: 1099–A.
Abstract: This form is used by persons
who lend money in connection with a
trade or business, and who acquire an
interest in the property that is security
for the loan or who have reason to know
that the property has been abandoned,
to report the acquisition or
abandonment.
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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:
466,000.
Estimated Time per Response: 10
minutes.
Estimated Total Annual Burden
Hours: 74,560.
31. Title: Sales of Business Property.
OMB Number: 1545–0184.
Form Number: Form 4797.
Abstract: Form 4797 is used by
taxpayers to report sales, exchanges, or
involuntary conversions of assets used
in a trade or business. It is also used to
compute ordinary income from
recapture and the recapture of prior year
losses under section 1231 of the Internal
Revenue Code.
Current Actions: There are no changes
being made to the form at this time. The
forms are being submitted for renewal
purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals or
households, and farms.
Estimated Number of Respondents:
211,536.
Estimated Time per Response: 51
hours, 7 minutes.
Estimated Total Annual Burden
Hours: 10,813,730.
32. Title: Information Regarding
Beneficiaries Acquiring Property From a
Decedent.
OMB Number: 1545–2264.
Form Number: 8971.
Abstract: The Surface Transportation
and Veterans Health Care Choice
Improvement Act of 2015 requires
executors of an estate and other persons
who are required to file a Form 706,
Form 706–NA, or Form 706–A, to report
to the Internal Revenue Service (IRS)
and to each beneficiary receiving
property from an estate tax value of the
property, if the return is filed after July
31, 2015. Form 8971 is used to report to
the IRS and a Schedule A will be sent
to each beneficiary and a copy of each
Schedule A will be attached to the Form
8971. Some property received by a
beneficiary may have a consistency
requirement, meaning that the
beneficiary must use the value reported
on the Schedule A as the beneficiary’s
initial basis of the property. A
beneficiary is an individual, trust, or
other estate who has acquired (or is
expected to acquire) property from the
estate. If the executor is also a
beneficiary who has acquired (or is
expected to acquire) property from the
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estate, the executor is a beneficiary for
purposes of the Form 8971 and the
attached Schedule 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: Individuals, business
or other for-profit organization, and notfor-profit institutions.
Estimated Number of Responses:
10,000.
Estimated Time per Response: 20
hours.
Estimated Total Annual Burden
Hours: 200,000.
33. Title: ABLE Account Contribution
Information; Distributions from ABLE
Accounts.
OMB Number: 1545–2262.
Form Numbers: 5498–QA; 1099–QA.
Abstract: Form 5498–QA, ABLE
Account Contributions Information.
Public Law 113–295, ABLE Act of 2014
allows individuals and families to set
money aside in this special account for
the purpose of supporting individuals
with disabilities to maintain health,
independence, and quality of life,
without impacting eligibility for other
social service financial assistance
programs such as Medicaid. Form 1099–
QA allows these individuals and
families to draw from the special
account.
Current Actions: There are no changes
being made to the forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Responses:
20,000.
Estimated Time per Respondent: 22
minutes.
Estimated Total Annual Burden
Hours: 3,600.
34. Title: Mortgage Credit Certificates
(MCCs).
OMB Number: 1545–0922.
Regulation Project Number: Form
8329 and Form 8330.
Abstract: Mortgage Credit Certificates
provide qualified holders of the
certificates with a credit against income
tax liability. In general, an Issuer elects
to establish a mortgage credit certificate
program in lieu of issuing qualified
mortgage revenue bonds. Section 25 of
the Code permits states and political
subdivisions to elect to issue Mortgage
Credit Certificates in lieu of qualified
mortgage revenue bonds. Form 8329 is
used by lending institutions and Form
8330 is used by state and local
governments to provide the IRS with
information on the issuance of mortgage
credit certificates (MCCs) authorized
under Internal Revenue Code section 25.
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61591
IRS matches the information supplied
by lenders and issuers to ensure that the
credit is computed properly.
Current Actions: There is no change to
the burden previously approved.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
Form 8329—10,000; Form 8330—2,000.
Estimated Time per Respondent:
Form 8329—5 hrs. 53 min.; Form
8330—7 hrs. 28 min.
Estimated Total Annual Burden
Hours: Form 8329—58,800; Form
8330—14,920.
35. Title: Passive Activity Loss
Limitations.
OMB Number: 1545–1008.
Form Number: 8582.
Abstract: Internal Revenue Code
section 469 limits the passive activity
losses that a taxpayer may deduct. The
passive activity losses from passive
activities, to the extent that they exceed
income from passive activities, cannot
be deducted against nonpassive income.
Form 8582 is used to figure the passive
activity loss allowed and the actual loss
to be reported on the tax returns.
Current Actions: There is no change to
the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, estates, and trusts.
Estimated Number of Respondents:
400,000.
Estimated Time per Respondent: 3
hours, 12 minutes.
Estimated Total Annual Burden
Hours: 1,280,000.
36. Title: Payments from Qualified
Education Programs (Under Sections
529 and 530).
OMB Number: 1545–1760.
Form Number: Form 1099–Q.
Abstract: Form 1099–Q is used to
report distributions from private and
state qualified tuition programs as
required under Internal Revenue Code
sections 529 and 530.
Current Actions: There are no changes
to the burden previously approved by
OMB. This submission is for renewal
purposes.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Responses:
3,649,000.
Estimated Time per Respondent: 13
minutes.
Estimated Total Annual Burden
Hours: 802,780.
37. Title: Optional Election to Make
Monthly 706(a) Computations.
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Federal Register / Vol. 89, No. 147 / Wednesday, July 31, 2024 / Notices
OMB Number: 1545–1768.
Revenue Procedure Number: 2003–84.
Abstract: This procedure allows
certain partnerships that invest in taxexempt obligations to make an election
that enables the partners to take into
account monthly the inclusions
required under sections 702 and 707(c)
of the Code and provides rules for
partnership income tax reporting under
section 6031 for such partnerships. Rev.
Proc. 2002–68 modified and
superseded.
Current Actions: There are no changes
being made to the revenue procedure at
this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
1,000.
Estimated Time per Respondent: 30
mins.
Estimated Total Annual Burden
Hours: 500.
38. Title: Excise Tax on Certain
Transfers of Qualifying Geothermal or
Mineral Interests.
OMB Number: 1545–2099.
Form Number: 8924.
Abstract: This form is required by
Section 403 of the Tax Relief and Health
Care Act of 2006 which imposes an
excise tax on certain transfers of
qualifying mineral or geothermal
interests.
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 Respondents:
20.
Estimated Time per Respondent: 5
hours, 32 minutes.
Estimated Total Annual Burden
Hours: 111.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2024–16844 Filed 7–30–24; 8:45 am]
BILLING CODE 4830–01–P
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DEPARTMENT OF VETERANS
AFFAIRS
Solicitation of Nomination for
Appointment to the Advisory
Committee on Women Veterans
ACTION:
Notice.
The Department of Veterans
Affairs (VA) is seeking nominations of
qualified candidates to be considered
SUMMARY:
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17:29 Jul 30, 2024
Jkt 262001
for membership on the Advisory
Committee on Women Veterans (‘‘the
Committee’’) for the 2024 membership
cycle.
DATES: Nominations for membership on
the Committee must be received by
August 12, 2024, no later than 4:00 p.m.,
eastern standard time. Packages
received after this time will not be
considered for the current membership
cycle.
ADDRESSES: All nomination packages
should be sent to the Advisory
Committee Management Office at
vaadvisorycmte@va.gov with subject
line: Nomination to Women Veterans.
FOR FURTHER INFORMATION CONTACT:
Shannon Middleton, Assistant
Designated Federal Officer, Center for
Women Veterans, Department of
Veterans Affairs, 810 Vermont Avenue
NW, (00W), Washington, DC 20420,
telephone 202–461–6194.
SUPPLEMENTARY INFORMATION: In
carrying out the duties set forth, the
Committee provides a Congressionallymandated report to the Secretary each
year, which includes:
(1) An assessment of the needs of
women Veterans with respect to
compensation, health care,
rehabilitation, outreach, and other
benefits and programs administered by
VA;
(2) A review of the programs and
activities of VA designed to meet such
needs;
(3) An assessment of the effects of
intimate partner violence on women
Veterans; and
(4) Recommendations (including
recommendations for administrative
and legislative action) as the Committee
considers appropriate. The Committee
reports to the Secretary, through the
Director of the Center for Women
Veterans.
Authority: The Committee is
authorized by 38 U.S.C. 542, to provide
advice to the Secretary of Veterans
Affairs (Secretary) on: the
administration of VA’s benefits and
services (health care, rehabilitation
benefits, compensation, outreach, and
other relevant programs) for women
Veterans; reports and studies pertaining
to women Veterans; and the needs of
women Veterans. In accordance with
the statute and the Committee’s current
charter, the majority of the membership
shall consist of non-Federal employees
appointed by the Secretary from the
general public, serving as special
government employees.
The Secretary appoints Committee
members and determines the length of
terms in which Committee members
serve. A term of service for any member
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may not exceed three (3) years.
However, the Secretary can reappoint
members for additional terms. Each
year, there are several vacancies on the
Committee, as members’ terms expire.
Membership Criteria: The Committee
is currently comprised of 12 members.
By statute, the Committee consists of
members appointed by the Secretary
from the general public, including:
representatives of women Veterans;
individuals who are recognized
authorities in fields pertinent to the
needs of women Veterans, including the
gender specific health-care needs of
women Veterans; representatives of both
female and male Veterans with serviceconnected disabilities, including at least
one female Veteran with a serviceconnected disability and at least one
male Veteran with a service-connected
disability; and women Veterans who are
recently separated from service in the
Armed Forces. Non-Veterans are also
eligible for nomination.
The Committee meets at least two
times annually, which may include a
site visit to a VA field location. In
accordance with Federal travel
regulation, VA will cover travel
expenses—to include per diem—for all
members of the Committee, for any
travel associated with official
Committee duties. A copy of the
Committee’s most recent charter and a
list of the current membership can be
found at www.va.gov/ADVISORY/ or
www.va.gov/womenvet/.
In accordance with revised guidance
regarding the ban on lobbyists serving as
members of advisory boards and
commissions, Federally-registered
lobbyists are prohibited from serving on
Federal advisory committees in an
individual capacity. Additional
information regarding this issue can be
found at www.federalregister.gov/
articles/2014/08/13/2014-19140/
revised-guidance-on-appointment-oflobbyists-to-federal-advisorycommittees-boards-and-commissions.
Requirements for Nomination
Submission: Nomination packages must
be typed (12-point font) and include: (1)
a cover letter from the nominee and (2)
a current resume that is no more than
four pages in length. The cover letter
must summarize: the nominee’s interest
in serving on the Committee and
contributions she/he can make to the
Committee’s work; any relevant
Veterans’ service activities she/he is
currently engaged in; and the military
branch affiliation and timeframe of
military service (if applicable). To
promote inclusion and demographic
balance of membership, please include
as much information related to your
race, national origin, disability status,
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]]>Agencies
[Federal Register Volume 89, Number 147 (Wednesday, July 31, 2024)]
[Notices]
[Pages 61586-61592]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16844]
-----------------------------------------------------------------------
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 public is invited to submit comments on these requests.
DATES: Comments should be received on or before August 30, 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: Payout Requirements for Type III Supporting Organizations
that are not Functionally Integrated.
OMB Number: 1545-2157.
Regulation Project Number: TD 9605.
Abstract: This document contains final regulations regarding the
requirements to qualify as a Type III supporting organization that is
operated in connection with one or more supported organizations. The
regulations reflect changes to the law made by the Pension Protection
Act of 2006. The regulations will affect Type III supporting
organizations and their supported organizations.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. However, the estimated number of responses
were updated based on current filing data.
Type of Review: Extension of a currently approved collection.
Affected Public: Not-for-profit institutions, State, local or
Tribal governments.
Estimated Number of Respondents: 6,089.
Estimated Time per Respondent: 2 hours.
Estimated Total Annual Burden Hours: 12,178.
2. Title: Limited Payability Claim Against the United States for
Proceeds of An Internal Revenue Refund Check.
OMB Number: 1545-2024.
Document Number: 13818.
Abstract: Form 13818, Limited Payability Claim Against the United
States for the Proceeds of an Internal Revenue Refund Check, is sent to
the payee (taxpayer). This form is designed to provide taxpayers a
method to file a claim for a replacement check when the original check
is over 12 months old.
Current Actions: There are no changes to the burden previously
approved by OMB. This request is to extend the current approval for
another 3 years.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, Businesses, and other
for-profit organizations.
Estimated Number of Respondents: 6,000.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden Hours: 6,000.
3. Title: U.S. Information Return-Trust Accumulation of Charitable
Amounts.
OMB Number: 1545-0094.
Form Number: 1041-A.
Abstract: Form 1041-A is used to report the information required in
Internal Revenue Code section 6034 concerning accumulation and
distribution of charitable amounts. Trusts claiming a contributions
deduction under section 642(c) or split-interest trusts described in
section 4947(a)(2) use Form 1041-A to report information required by
section 6034.
Current Actions: There are changes (reduction in filers) in the
paperwork burden previously approved by OMB. The Tax Cuts and Jobs Act
of 2017 (Pub. L. 115-97) amended section 641(c)(2). As a result,
Electing Small Business Trusts (ESBTs) are no longer subject to the
charitable information reporting requirements under section 6034 and do
not file Form 1041-A. This form is being submitted for renewal purposes
only.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations, and
individuals.
Estimated Number of Respondents: 6,700.
Estimated Time per Respondent: 36 hours, 40 minutes.
Estimated Total Annual Burden Hours: 245,622.
4. Title: Information Reporting Requirements under Code sec. 6039.
OMB Number: 1545-2129.
Document Number: Forms 3921 and 3922.
Abstract: Form 3921 is a copy of the information return filed with
the Internal Revenue Service by the corporation which transferred
shares of stock to a recipient. Form 3922 is used by the corporation to
record a transfer of the legal title of a share of stock acquired by
the employee where the stock was acquired pursuant to the exercise of
an option described in Internal Revenue Code section 423(c). Treasury
Decision 9470 contains the final regulations relating to the return and
information statement requirements under Internal Revenue Code section
6039. These regulations reflect changes to section 6039 made by section
403 of the Tax Relief and Health Care Act of 2006.
Current Actions: There are no changes to the burden previously
approved by OMB. This request is to extend the current approval for
another 3 years.
Type of Review: Extension of a currently approved collection.
Affected Public: Business and other for-profit organizations.
Estimated Number of Respondents: 6,676,894.
Estimated Time per Respondent: 25 min.
[[Page 61587]]
Estimated Total Annual Burden Hours: 1,457,411.
5. Title: Product Liability Losses and Accumulations for Product
Liability Losses.
OMB Number: 1545-0863.
Regulation Project Number: T.D. 8096.
Abstract: T.D. 8096 provides final regulations relating to product
liability losses and accumulations for the payment of reasonable
anticipated product liability losses. Changes to the applicable tax law
were made by the Revenue Act of 1978. Generally, a taxpayer who
sustains a product liability loss must carry the loss back 10 years.
However, a taxpayer may elect to have such loss treated as a regular
net operating loss under section 172. If desired, such election is made
by attaching a statement to the tax return. This statement will enable
the IRS to monitor compliance with the statutory requirements.
Current Actions: There is no change to this existing regulation or
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.
Estimated Number of Respondents: 5,000.
Estimated Time per Respondent: 30 minutes.
Estimated Total Annual Burden Hours: 2,500.
6. Title: Low-Income Housing Credit Agencies Report of
Noncompliance or Building Disposition.
OMB Number: 1545-1204.
Form Number: 8823.
Abstract: Under Internal Revenue Code section 42(m)(1)(B)(iii),
state housing credit agencies are required to notify the IRS of any
building disposition or noncompliance with the low-income housing tax
credit provisions. A separate form must be filed for each building that
is not in compliance. The IRS uses this information to determine
whether the low-income housing credit is being correctly claimed and
whether there is any credit recapture.
Current Actions: There are no changes being made to the form at
this time, changes to the burden estimates are due to IRS most current
filing data.
Type of Review: Extension of a currently approved collection.
Affected Public: State or local government housing credit agencies.
Estimated Number of Respondents: 14,474.
Estimated Time per Respondent: 15.16 hours.
Estimated Total Annual Burden Hours: 219,426.
7. Title: Refunds and Credits; Periods of Limitations; Financial
Disability.
OMB Number: 1545-1649.
Revenue Procedure: Revenue Procedure 99-21.
Abstract: Generally, under section 6511(a), a taxpayer must file a
claim for credit or refund of tax within three years after the date of
filing a tax return or within two years after the date of payment of
the tax, whichever period expires later. Under section 6511(h), the
statute of limitations on claims for credit or refund is suspended for
any period of an individual taxpayer's life during which the taxpayer
is unable to manage his or her financial affairs because of a medically
determinable mental or physical impairment, if the impairment can be
expected to result in death, or has lasted (or can be expected to last)
for a continuous period of not less than 12 months.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. The revenue procedure 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: 48,200.
Estimated Time per Response: 30 minutes.
Estimated Total Annual Burden Hours: 24,100.
8. Title: Statement of Liability of Lender, Surety, or Other Person
for Withholding Taxes.
OMB Number: 1545-2254.
Form Number: Form 4219.
Abstract: Third parties who directly pay another's payrolls can be
held liable for the full amount of taxes required to be withheld but
not paid to the Government (subject to the 25% limitation). IRC 3505
deals with persons who supply funds to an employer for the purpose of
paying wages. The notification that a third party is paying or
supplying wages will usually be made by filing of the Form 4219,
Statement of Liability of Lender, Surety, or Other Person for
Withholding Taxes. The Form 4219, Statement of Liability of Lender,
Surety, or Other Person for Withholding Taxes, is to be submitted and
associated with each employer and for every calendar quarter for which
a liability under section 3505 is incurred.
Current Actions: There have been no changes to the form that would
affect burden.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations,
Not-for-profit institutions, Farms, Federal Government, State, Local,
or Tribal Government.
Estimated Number of Respondents: 1,000.
Estimated Time per Respondent: 12 hours, 50 minutes.
Estimated Total Annual Burden Hours: 12,833.
9. Title: Itemized Statement Component of Advisee List.
OMB Number: 1545-1686.
Form Number: Form 13976.
Abstract: Internal Revenue Code (IRC) Section 6112, (as amended by
the American Jobs Creation Act of 2004, Pub. L. 108-357), requires that
each material advisor with respect to any reportable transaction shall
maintain (in such manner as the Secretary may by regulations prescribe)
a list identifying each person with respect to whom the advisor acted
as a material advisor. Form 13976, Itemized Statement Component of
Advisee List, may be used by Material Advisors for the purpose of
preparing and maintaining list with respect to reportable transaction
under section 6112, but the form is not required to be used under
301.6112-1, but is offered as an option for maintaining the transaction
participants list.
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: Business or other for-profit organizations,
individuals or households, and not-for-profit institutions.
Estimated Number of Respondents: 500.
Estimated Time per Respondent: 100.
Estimated Total Annual Burden Hours: 50,000 hours.
10. Title: Information Reporting by Passport Applicants.
OMB Number: 1545-1359.
Regulation Number: T.D. 9679.
Abstract: These final regulations provide information reporting
rules for certain passport applicants. These final regulations apply to
certain individuals applying for passports (including renewals) and
provide guidance to such individuals about the information that must be
included with their passport application.
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 or Households.
Estimated Number of Respondents: 12,133,537.
[[Page 61588]]
Estimated Time per Response: 6 minutes.
Estimated Total Annual Burden Hours: 1,213,354 hours.
11. Title: Manufacturers Excise Taxes on Sporting Goods and
Firearms and Other Administrative Provisions of Special Application to
Manufacturers and Retailers Excise Taxes Reporting and Recordkeeping
Requirements.
OMB Number: 1545-0723.
Regulation Project Number: T.D. 8043.
Abstract: Chapters 31 and 32 of the Internal Revenue Code impose
excise taxes on the sale or use of certain articles. Code section 6416
allows a credit or refund of the tax to manufacturers in certain cases.
Code sections 6420, 6421, and 6427 allow credits or refunds of the tax
to certain users of the articles. This regulation contains reporting
and recordkeeping requirements that enable the IRS and taxpayers to
verify that the proper amount of tax is reported or excluded.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. The regulation is being submitted for
renewal purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit or not-for-profit
institutions.
Estimated Number of Respondents: 1,500,000.
Estimated Time per Response: 19 minutes.
Estimated Total Annual Burden Hours: 475,000.
12. Title: Guidance under Sections 897, 1445, and 6109 to require
use of Taxpayer Identifying Numbers on Submission under the Section 897
and 1445.
OMB Number: 1545-1797.
Document Number: TD 9082, TD 9751.
Abstract: The collection of information relates to applications for
withholding certificates under section 1.1445-3 to be filed with the
IRS with respect to (1) dispositions of U.S. real property interests
that have been used by foreign persons as a principle residence within
the prior 5 years and excluded from gross income under section 121 and
(2) dispositions of U.S. real property interests by foreign persons in
deferred like kind exchanges that qualify for nonrecognition under
section 1031.
Current Actions: There are no changes to the burden previously
approved by OMB. This request is to extend the current approval for
another 3 years.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households and Business or other
for-profit.
Estimated Number of Respondents: 50.
Estimated Time per Respondent: 2 hrs.
Estimated Total Annual Burden Hours: 100.
13. Title: Claim for Refund and Request for Abatement.
OMB Number: 1545-0024.
Form Number: 843.
Abstract: Internal Revenue Code section 6402, 6404, and sections
301.6402-2, 301.6404-1, and 301.6404-3 of the regulations allow for
refunds of taxes (except income taxes) or refund, abatement, or credit
of interest, penalties, and additions to tax in the event of errors or
certain actions by the IRS. Form 843 is used by taxpayers to claim
these refunds, credits, or abatements.
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,
individuals or households, not-for-profit institutions, farms, and
State, local or Tribal governments.
Estimated Number of Responses: 550,500.
Estimated Time per Respondent: 1 hr., 35 min.
Estimated Total Annual Burden Hours: 875,295.
14. Title: Disclosure of Tax Return Information for Purposes of
Quality or Peer Reviews, Due to Incapacity or Death of Tax Return
Preparer.
OMB Number: 1545-1209.
Regulation Project Number: TD 8383.
Abstract: These regulations govern the circumstances under which
tax return information may be disclosed for purposes of conducting
quality or peer reviews, and disclosures that are necessary because of
the tax return preparer's death or incapacity.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 250,000.
Estimated Time per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 250,000.
15. Title: Application for Determination of Employee Stock
Ownership Plan (ESOP).
OMB Number: 1545-0284.
Form Number: 5309.
Abstract: Internal Revenue Code section 404(a) allows employers an
income tax deduction for contributions to their qualified deferred
compensation plans. Form 5309 is used to request an IRS determination
letter about whether the plan is qualified under Code section 409 or
4975(e)(7).
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: 3,655.
Estimated Time per Respondent: 10 hours, 47 minutes.
Estimated Total Annual Burden Hours: 39,437.
16. Title: Special Rules and Certificate of Partner-Level Items to
Reduce Section 1446 Withholding.
OMB Number: 1545-1934.
Regulation and Form Number: T.D. 9394 and Form 8404-C.
Abstract: T.D. 9394 contains final regulations regarding when a
partnership may consider certain deductions and losses of a foreign
partner to reduce or eliminate the partnership's obligation to pay
withholding tax under section 1446 on effectively connected taxable
income allocable under section 704 to such partner. Form 8804-C is used
by a foreign partner that voluntary submit to the partnership if it
chooses to provide a certification that could reduce or eliminate the
partnership's withholding tax obligation under section 1446 (1446 tax)
on the partner's allocable share of effectively connected income (ECTI)
from the partnership.
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,
Individuals or Households, and Not-for-Profit Organizations.
Form 8804-C
Estimated Number of Respondents: 1,000.
Estimated Time per Response: 18.7 hours.
Estimated Total Annual Burden Hours: 18,700 hours.
17. Title: Electronic Deposit of Tax Refund of $1 Million of More.
OMB Number: 1545-1763.
Form Number: Form 8302.
Abstract: Form 8302 is used to report an electronic deposit of a
tax refund of $1 millon or more directly into an account at any U.S.
bank or other
[[Page 61589]]
financial institution that accepts electronic deposits.
Current Actions: There is no change to the existing collection.
However, the estimated number of responses was updated based on current
filing data.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Responses: 160.
Estimated Time per Respondent: 1 hours, 42 minutes.
Estimated Total Annual Burden Hours: 272.
18. Title: Electronic Filing of Form W-4.
OMB Number: 1545-1435.
Regulation Number: T.D. 8706.
Abstract: Information is required by the Internal Revenue Service
to verify compliance with regulation section 31.3402(f)(2)-1(g)(1),
which requires submission to the Service of certain withholding
exemption certificates. The affected respondents are employers that
choose to make electronic filing of Forms W-4 available to their
employees.
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: Business or other for-profit organizations, not
for-profit institutions, and Federal, State, local or Tribal
governments.
Estimated Number of Respondents: 2,000.
Estimated Number of Responses: 160,000.
Estimated Time per Response: 15 minutes.
Estimated Total Annual Burden Hours: 40,000 hours.
19. Title: Cancellation of Debt.
OMB Number: 1545-1424.
Form Number: 1099-C.
Regulation Project Number: TD 9793.
Abstract: This form is used by Federal Government agencies,
financial institutions, and credit unions to report the cancellation or
forgiveness of a debt of $600 or more, as required by section 6050P of
the Internal Revenue Code. The IRS uses the form to verify compliance
with the reporting rules and to verify that the debtor has included the
proper amount of canceled debt in income on his or her income tax
return.
TD 9793
Abstract: These regulations under section 6050P of the Internal
Revenue Code (Code), relating to the rule in Sec. 1.6050P-1(b)(2)(iv)
that the 36-month non-payment testing period is an identifiable event
triggering an information reporting obligation on Form 1099-C for
discharge of indebtedness by certain entities.
Current Actions: There are no changes being made to the form or
regulation at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, not-
for-profit institutions, and the Federal Government.
Estimated Number of Responses: 6,540,900.
Estimated Time per Response: 13 minutes.
Estimated Total Annual Burden Hours: 1,438,998.
20. Title: Credit for Increasing Research Activities.
OMB Number: 1545-0619.
Form Number: 6765.
Abstract: Internal Revenue Code section 38 allows a credit against
income tax (Determined under IRC section 41) for an increase in
research activities in a trade or business. Form 6765 is used by
businesses and individuals engaged in a trade or business to figure and
report the credit. The data is used to verify that the credit claimed
is correct.
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: Business or other for-profit organizations,
individuals, and not-for-profit institutions.
Estimated Number of Respondents: 15,805.
Estimated Time per Respondent: 18 hours, 3 minutes.
Estimated Total Annual Burden Hours: 285,281 hours.
21. Title: Request for Change in Plan/Trust Year (Form 5308).
OMB Number: 1545-0201.
Form Number: Form 5308.
Abstract: Form 5308 is used to request permission to change the
plan or trust year for a pension benefit plan. The information
submitted is used in determining whether IRS should grant permission of
the change.
Current Actions: There is no change to the existing collection.
However, the time per respondent was recalculated for a better
estimate.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Responses: 3.
Estimated Time per Respondent: 7 hours, 54 minutes.
Estimated Total Annual Burden Hours: 24.
22. Title: Treaty-Based Return Position Disclosure.
OMB Number: 1545-1354.
Document Number: 8833.
Abstract: Revenue Procedure 2010-19 provides guidance for
individuals who emigrate from Canada and wish to make an election for
U.S. federal income tax purposes. Form 8833 is used by taxpayers to
make the treaty-based return position disclosure required by section
6114.
Current Actions: There are no changes to the burden previously
approved by OMB. This request is to extend the current approval for
another 3 years.
Type of Review: Extension of a currently approved collection.
Affected Public: Business and other for-profit organizations.
Estimated Number of Respondents: 4,100.
Estimated Time per Respondent: 7 hrs., 25 min.
Estimated Total Annual Burden Hours: 25,740.
23. Title: Continuation Coverage Requirements Application to Group
Health Plans.
OMB Number: 1545-1581.
Regulation Number: REG-209485-86 (TD 8812).
Abstract: The regulations require group health plans to provide
notices to individuals who are entitled to elect COBRA (The
Consolidated Omnibus Budget Reconciliation Act of 1985) continuation
coverage of their election rights. Individuals who wish to obtain the
benefits provided under the statute are required to provide plans
notices in the cases of divorce from the covered employee, a dependent
child's ceasing to be dependent under the terms of the plan, and
disability. Most plans will require that elections of COBRA
continuation coverage be made in writing. In cases where qualified
beneficiaries are short by an insignificant amount in a payment made to
the plan, the regulations require the plan to notify the qualified
beneficiary if the plan does not wish to treat the tendered payment as
full payment. If a health care provider contacts a plan to confirm
coverage of a qualified beneficiary, the regulations require that the
plan disclose the qualified beneficiary's complete rights to coverage.
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: Business or other for-profit organizations,
individuals or households, and not-for-profit institutions.
[[Page 61590]]
Estimated Number of Respondents: 12,079,600.
Estimated Time per Response: Varies from 30 seconds to 330 hours,
depending on individual circumstances, with an estimated average of 14
minutes.
Estimated Total Annual Burden Hours: 404,640 hours.
24. Title: Monthly Tax Return for Wagers (Form 730).
OMB Number: 1545-0235.
Form Number: Form 730.
Abstract: Form 730 is used to identify taxable wagers under
Internal Revenue Code section 4401 and collect the tax monthly. The
information is used to determine if persons accepting wagers are
correctly reporting the amount of wagers and paying the required tax.
Current Actions: There is no change to the existing collection.
However, the estimated number of responses was updated based on current
filing data.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Responses: 17,796.
Estimated Time per Respondent: 8 hours, 11 minutes.
Estimated Total Annual Burden Hours: 145,749.
25. Title: Carryover of Passive Activity Losses and Credits and At-
Risk losses to Bankruptcy Estates for Individuals.
OMB Number: 1545-1375.
Regulation Project Number: T.D. 8537.
Abstract: These regulations relate to the application of carryover
of passive activity losses and credits and at risk losses to the
bankruptcy estates of individuals. The final regulations affect
individual taxpayers who file bankruptcy petitions under chapter 7 or
chapter 11 of title 11 of the United States Code and have passive
activity losses and credits under section 469 or losses under section
465.
Current Actions: There are no changes being made to this existing
regulation or 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: 500.
Estimated Time per Respondent: 12 Minutes.
Estimated Total Annual Burden Hours: 100.
26. Title: Adjustments to Basis of Stock and Indebtedness to
Shareholders of S Corporations and Treatment of Distributions by S
Corporations to Shareholders.
OMB Number: 1545-1139.
Regulation Project Number: TD 9300 and TD 9428.
Abstract: This document contains final regulations relating to the
passthrough of items of an S corporation to its shareholders, the
adjustments to the basis of stock of the shareholders, and the
treatment of distributions by an S corporation. Changes to the
applicable law were made by the Subchapter S Revision Act of 1982, the
Tax Reform Act of 1984, the Tax Reform Act of 1986, the Technical and
Miscellaneous Revenue Act of 1988, and the Small Business Job
Protection Act of 1996. These regulations provide the public with
guidance needed to comply with the applicable law and will affect S
corporations and their shareholders.
Current Actions: There are no changes being made to this existing
regulation or to the paperwork burden previously approved by OMB.
Type of Review: Extension of currently approved collection.
Affected Public: Business or other for-profit organizations and
individuals.
Estimated Number of Responses: 2,000.
Estimated Time per Respondent: 6 minutes.
Estimated Total Annual Burden Hours: 200.
27. Title: Salary Reduction Simplified Employee Pension--Individual
Retirement Accounts Contribution Agreement.
OMB Number: 1545-1012.
Document Number: 5305A SEP.
Abstract: Form 5305A-SEP is used by an employer to make an
agreement to provide benefits to all employees under a Simplified
Employee Pension (SEP) described in Internal Revenue Code section
408(k). This form is not to be filed with the IRS, but is to be
retained in the employer's records as proof of establishing a SEP and
justifying a deduction for contributions made to the SEP.
Current Actions: There are no changes to the burden previously
approved by OMB. This request is to extend the current approval for
another 3 years.
Type of Review: Extension of a currently approved collection.
Affected Public: Business and other for-profit organizations.
Estimated Number of Respondents: 100,000.
Estimated Time per Respondent: 9 hrs., 43 min.
Estimated Total Annual Burden Hours: 972,000.
28. Title: PTIN Supplemental Application for U.S. Citizens Without
A Social Security Number Due to Conscientious Religious Objection.
OMB Number: 1545-2188.
Form Number: 8945.
Abstract: Form 8945 is used by U.S. citizens who are members of
certain recognized religious groups that want to prepare tax returns
for compensation. Most individuals applying for a Preparer Tax
Identification Number (PTIN) will have a social security number, which
will be used to help establish their identity. However, there exists a
population of U.S. residents that are religious objectors and do not
have social security numbers. Form 8945 was created to assist that
population in establishing their identity while applying for a PTIN.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. This form is being submitted for renewal
purposes.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 500.
Estimated Time per Respondent: 7 hours, 11 min.
Estimated Total Annual Burden Hours: 3,590.
29. Title: Diesel Fuel and Kerosene Excise Tax; Dye Injection.
OMB Number: 1545-1418.
Regulation Project Number: TD 9199.
Abstract: This document contains regulations relating to the diesel
fuel and kerosene excise tax. These regulations reflect changes made by
the American Jobs Creation Act of 2004 regarding mechanical dye
injection systems for diesel fuel and kerosene. These regulations
affect certain enterers, refiners, terminal operators, and through
putters.
Current Actions: There are no changes to the burden previously
approved by OMB. This request is to extend the current approval for
another 3 years.
Type of Review: Extension of a currently approved collection.
Affected Public: Business and other for-profit organizations.
Estimated Number of Respondents: 1.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden Hours: 1.
30. Title: Acquisition or Abandonment of Secured Property.
OMB Number: 1545-0877.
Form Number: 1099-A.
Abstract: This form is used by persons who lend money in connection
with a trade or business, and who acquire an interest in the property
that is security for the loan or who have reason to know that the
property has been abandoned, to report the acquisition or abandonment.
[[Page 61591]]
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: 466,000.
Estimated Time per Response: 10 minutes.
Estimated Total Annual Burden Hours: 74,560.
31. Title: Sales of Business Property.
OMB Number: 1545-0184.
Form Number: Form 4797.
Abstract: Form 4797 is used by taxpayers to report sales,
exchanges, or involuntary conversions of assets used in a trade or
business. It is also used to compute ordinary income from recapture and
the recapture of prior year losses under section 1231 of the Internal
Revenue Code.
Current Actions: There are no changes being made to the form at
this time. The forms are being submitted for renewal purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals or households, and farms.
Estimated Number of Respondents: 211,536.
Estimated Time per Response: 51 hours, 7 minutes.
Estimated Total Annual Burden Hours: 10,813,730.
32. Title: Information Regarding Beneficiaries Acquiring Property
From a Decedent.
OMB Number: 1545-2264.
Form Number: 8971.
Abstract: The Surface Transportation and Veterans Health Care
Choice Improvement Act of 2015 requires executors of an estate and
other persons who are required to file a Form 706, Form 706-NA, or Form
706-A, to report to the Internal Revenue Service (IRS) and to each
beneficiary receiving property from an estate tax value of the
property, if the return is filed after July 31, 2015. Form 8971 is used
to report to the IRS and a Schedule A will be sent to each beneficiary
and a copy of each Schedule A will be attached to the Form 8971. Some
property received by a beneficiary may have a consistency requirement,
meaning that the beneficiary must use the value reported on the
Schedule A as the beneficiary's initial basis of the property. A
beneficiary is an individual, trust, or other estate who has acquired
(or is expected to acquire) property from the estate. If the executor
is also a beneficiary who has acquired (or is expected to acquire)
property from the estate, the executor is a beneficiary for purposes of
the Form 8971 and the attached Schedule A.
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: Individuals, business or other for-profit
organization, and not-for-profit institutions.
Estimated Number of Responses: 10,000.
Estimated Time per Response: 20 hours.
Estimated Total Annual Burden Hours: 200,000.
33. Title: ABLE Account Contribution Information; Distributions
from ABLE Accounts.
OMB Number: 1545-2262.
Form Numbers: 5498-QA; 1099-QA.
Abstract: Form 5498-QA, ABLE Account Contributions Information.
Public Law 113-295, ABLE Act of 2014 allows individuals and families to
set money aside in this special account for the purpose of supporting
individuals with disabilities to maintain health, independence, and
quality of life, without impacting eligibility for other social service
financial assistance programs such as Medicaid. Form 1099-QA allows
these individuals and families to draw from the special account.
Current Actions: There are no changes being made to the forms at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Responses: 20,000.
Estimated Time per Respondent: 22 minutes.
Estimated Total Annual Burden Hours: 3,600.
34. Title: Mortgage Credit Certificates (MCCs).
OMB Number: 1545-0922.
Regulation Project Number: Form 8329 and Form 8330.
Abstract: Mortgage Credit Certificates provide qualified holders of
the certificates with a credit against income tax liability. In
general, an Issuer elects to establish a mortgage credit certificate
program in lieu of issuing qualified mortgage revenue bonds. Section 25
of the Code permits states and political subdivisions to elect to issue
Mortgage Credit Certificates in lieu of qualified mortgage revenue
bonds. Form 8329 is used by lending institutions and Form 8330 is used
by state and local governments to provide the IRS with information on
the issuance of mortgage credit certificates (MCCs) authorized under
Internal Revenue Code section 25. IRS matches the information supplied
by lenders and issuers to ensure that the credit is computed properly.
Current Actions: There is no change to the burden previously
approved.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: Form 8329--10,000; Form 8330--
2,000.
Estimated Time per Respondent: Form 8329--5 hrs. 53 min.; Form
8330--7 hrs. 28 min.
Estimated Total Annual Burden Hours: Form 8329--58,800; Form 8330--
14,920.
35. Title: Passive Activity Loss Limitations.
OMB Number: 1545-1008.
Form Number: 8582.
Abstract: Internal Revenue Code section 469 limits the passive
activity losses that a taxpayer may deduct. The passive activity losses
from passive activities, to the extent that they exceed income from
passive activities, cannot be deducted against nonpassive income. Form
8582 is used to figure the passive activity loss allowed and the actual
loss to be reported on the tax returns.
Current Actions: There is no change to the form at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, estates, and trusts.
Estimated Number of Respondents: 400,000.
Estimated Time per Respondent: 3 hours, 12 minutes.
Estimated Total Annual Burden Hours: 1,280,000.
36. Title: Payments from Qualified Education Programs (Under
Sections 529 and 530).
OMB Number: 1545-1760.
Form Number: Form 1099-Q.
Abstract: Form 1099-Q is used to report distributions from private
and state qualified tuition programs as required under Internal Revenue
Code sections 529 and 530.
Current Actions: There are no changes to the burden previously
approved by OMB. This submission is for renewal purposes.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Responses: 3,649,000.
Estimated Time per Respondent: 13 minutes.
Estimated Total Annual Burden Hours: 802,780.
37. Title: Optional Election to Make Monthly 706(a) Computations.
[[Page 61592]]
OMB Number: 1545-1768.
Revenue Procedure Number: 2003-84.
Abstract: This procedure allows certain partnerships that invest in
tax-exempt obligations to make an election that enables the partners to
take into account monthly the inclusions required under sections 702
and 707(c) of the Code and provides rules for partnership income tax
reporting under section 6031 for such partnerships. Rev. Proc. 2002-68
modified and superseded.
Current Actions: There are no changes being made to the revenue
procedure at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 1,000.
Estimated Time per Respondent: 30 mins.
Estimated Total Annual Burden Hours: 500.
38. Title: Excise Tax on Certain Transfers of Qualifying Geothermal
or Mineral Interests.
OMB Number: 1545-2099.
Form Number: 8924.
Abstract: This form is required by Section 403 of the Tax Relief
and Health Care Act of 2006 which imposes an excise tax on certain
transfers of qualifying mineral or geothermal interests.
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 Respondents: 20.
Estimated Time per Respondent: 5 hours, 32 minutes.
Estimated Total Annual Burden Hours: 111.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2024-16844 Filed 7-30-24; 8:45 am]
BILLING CODE 4830-01-P
