80 FR 17150 - Submission for OMB Review; Comment Request
DEPARTMENT OF THE TREASURY Federal Register Volume 80, Issue 61 (March 31, 2015)
Federal Register Volume 80, Issue 61 (March 31, 2015)
| Page Range | 17150-17151 | |
| FR Document | 2015-07306 |
[Federal Register Volume 80, Number 61 (Tuesday, March 31, 2015)] [Notices] [Pages 17150-17151] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-07306] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request AGENCY: Department of the Treasury. ACTION: Notice. ----------------------------------------------------------------------- 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, Public Law 104-13, on or after the date of publication of this notice. DATES: Comments should be received on or before April 30, 2015 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the information collection, including suggestions for reducing the burden, to (1) Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for Treasury, New Executive Office Building, Room 10235, Washington, DC 20503, or email at [email protected] and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8140, Washington, DC 20220, or email at [email protected]. FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be obtained by calling (202) 927-5331, email at [email protected], or the entire information collection request may be found at www.reginfo.gov. SUPPLEMENTARY INFORMATION: Internal Revenue Service OMB Number: 1545-1661. Type of Review: Extension without change of a currently approved collection. Title: REG-106010-98 (Final) Qualified Lessee Construction Allowance for Short-Term Leases. Abstract: The regulations provide guidance with respect to Sec. 110, which provides a safe harbor whereby it will be assumed that a construction allowance provided by a lessor to a lessee is used to construct or improve lessor property when long-term property is constructed or improved and used pursuant to a short-term lease. The regulations also provide a reporting requirement that ensures that both the lessee and lessor consistently treat the property subject to the construction allowance as nonresidential real property owned by the lessor. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 10,000. OMB Number: 1545-1791. Type of Review: Extension without change of a currently approved collection. Title: Membership Applications for IRPAC, IRSAC, and ETACC (IRS Committee's), IRS Advisory Council, and Tax Check Waiver. Form: 12339, 12339-B, 12339-C, 13775. Abstract: The Federal Advisory Committee Act (FACA) requires that committee membership be fairly balanced in terms of points of view represented and the functions to be performed. As a result, members of specific committees often have both the expertise and professional skills that parallel the program responsibilities of their sponsoring agencies. In order to apply to be a member of the Internal Revenue Service Advisory Council (IRSAC), the Information Reporting Program Advisory Committee (IRPAC), Advisory Committee on Tax Exempt and Government Entities, or the Electronic Tax Administration Advisory Committee (ETAAC), applicants must submit a Membership Application. Selection of committee members is made based on the FACA's requirements and the potential member's background and qualifications. Therefore, an application is needed to ascertain the desired skills set for membership. The information will also be used to perform Federal Income Tax, FBI, and practitioner checks as required of all members and applicants to the Committees or Council. The tax check waiver permits the Internal Revenue Service (IRS) to release information about the applicant which would otherwise be confidential. This information will be used in connection with my application for appointment to membership in one of the IRS Advisory Committee/Council. It is necessary for the purpose of ensuring that all panel members are tax compliant. Information provided will be used to qualify or disqualify individuals to serve as panel members. The information will be used as appropriate by the Taxpayer Advocate service staff, and other appropriate IRS personnel. Affected Public: Individual or Household. Estimated Annual Burden Hours: 492. OMB Number: 1545-1941. Type of Review: Extension without change of a currently approved collection. Title: Consumer Cooperative Exemption Application. Form: 3491. Abstract: A cooperative uses Form 3491 to apply for exemption from filing information returns (Forms 1099-PATR) [[Page 17151]] on patronage distributions of $10 or more to any person during the calendar year. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 148. OMB Number: 1545-2095. Type of Review: Extension without change of a currently approved collection. Title: 26 US Code Sec. Sec. 430 and 436. Abstract: Regulations under sections 430(d), 430(g), 430(h)(2), and 430(i) provide guidance on the determination of benefit liabilities and the valuation of plan assets for purposes of the funding requirements that apply to single employer defined benefit plans pursuant to changes made by the Pension Protection Act of 2006. In order to implement the statutory provisions under section 430(h)(2), the regulations provide for the sponsor of a defined benefit plan to make any of several elections related to the interest rate used for minimum funding purposes and require written notification of any such election to be provided to the plan's enrolled actuary. These final regulations provide for the sponsor of a defined benefit pension plan to make any of several elections. The Highway and Transportation Funding Act of 2014 (HATFA), Public Law 113-159, was enacted on August 8, 2014, and was effective retroactively for single employer defined benefit pension plans, optional for plan years beginning in 2013 and mandatory for plan years beginning in 2014. Notice 2014-53 provides guidance on these changes to the funding stabilization rules for single-employer pension plans. Affected Public: Private Sector: Businesses or other for-profits; Not-for-profit institutions. Estimated Annual Burden Hours: 158,000. OMB Number: 1545-2103. Type of Review: Extension without change of a currently approved collection. Title: TD 9547--Election to Expense Certain Refineries. Abstract: The regulations provide guidance with respect to section 179C of the Internal Revenue Code, which provides a taxpayer can elect to treat 50 percent of the cost of ``qualified refinery property'' as a deductible expense not chargeable to capital account. The taxpayer makes an election under section 179C by entering the amount of the deduction at the appropriate place on the taxpayer's timely filed original federal income tax return for the taxable year in which the qualified refinery property is placed in service and by attaching a report specifying (a) the name and address of the refinery and (b) the production capacity requirement under which the refinery qualifies. If the taxpayer making the expensing election described above is a cooperative described in section 1381, and one or more persons directly holding an ownership interest in the taxpayer are organizations described in section 1381, the taxpayer can elect to allocate all or a portion of the deduction allowable under section 179C to those persons. The allocation must be equal to the person's ratable share of the total amount allocated, determined on the basis of the person's ownership interest in the taxpayer/cooperative. If the taxpayer/cooperative makes such an election, it must provide written notice of the amount of the allocation to any owner receiving an allocation by written notice on Form 1099-PAT, Taxable Distributions Received from Cooperatives. This notice must be provided before the due date (including extensions) of the cooperative owner's federal income tax return for the taxable year for which the election applies. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 120. OMB Number: 1545-2135. Type of Review: Revision of a currently approved collection. Title: TD 9447 (Final) Automatic Contribution Arrangements. Abstract: These regulations provide a method by which an automatic contribution arrangement can become a qualified automatic contribution arrangement and automatically satisfy the ADP test of section 401(k)(3)A)(ii). These regulations also describe how an automatic contribution arrangement can become an eligible automatic contribution arrangement and employees can get back mistaken contributions. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 36,000. Dated: March 26, 2015. Dawn D. Wolfgang, Treasury PRA Clearance Officer. [FR Doc. 2015-07306 Filed 3-30-15; 8:45 am] BILLING CODE 4830-01-P
![17150 Federal Register / Vol. 80, No. 61 / Tuesday, March 31, 2015 / Notices
economy and efficiency in government, DEPARTMENT OF THE TREASURY Type of Review: Extension without
it is FTA’s policy to limit, insofar as change of a currently approved
possible, distribution of complete Submission for OMB Review; collection.
printed sets of NEPA documents. Comment Request Title: Membership Applications for
Accordingly, unless a specific request IRPAC, IRSAC, and ETACC (IRS
AGENCY: Department of the Treasury.
for a complete printed set is received Committee’s), IRS Advisory Council,
ACTION: Notice. and Tax Check Waiver.
before the document is printed, FTA
and its grant applicants (including The Department of the Treasury will Form: 12339, 12339–B, 12339–C,
submit the following information 13775.
MARTA) will only distribute electronic
collection requests to the Office of Abstract: The Federal Advisory
copies of the NEPA document. A Committee Act (FACA) requires that
complete printed set of the Management and Budget (OMB) for
review and clearance in accordance committee membership be fairly
environmental documents produced for balanced in terms of points of view
this project will be available for review with the Paperwork Reduction Act of
1995, Public Law 104–13, on or after the represented and the functions to be
at the grant applicant’s office (MARTA performed. As a result, members of
Headquarters office listed in ADDRESSES date of publication of this notice.
specific committees often have both the
above) and in other possible locations DATES: Comments should be received on
expertise and professional skills that
within the project corridor. An or before April 30, 2015 to be assured parallel the program responsibilities of
electronic copy of the complete of consideration. their sponsoring agencies.
environmental documents will be ADDRESSES: Send comments regarding In order to apply to be a member of
available on the grant applicant’s project the burden estimate, or any other aspect the Internal Revenue Service Advisory
Web site at http://www.itsmarta.com/ of the information collection, including Council (IRSAC), the Information
north-line-400-corr.aspx. suggestions for reducing the burden, to Reporting Program Advisory Committee
(1) Office of Information and Regulatory (IRPAC), Advisory Committee on Tax
IX. Summary and Next Steps Affairs, Office of Management and Exempt and Government Entities, or the
Budget, Attention: Desk Officer for Electronic Tax Administration Advisory
With the publication of this NOI, the Treasury, New Executive Office Committee (ETAAC), applicants must
Scoping process and the public Building, Room 10235, Washington, DC submit a Membership Application.
comment period for the project begins 20503, or email at OIRA_Submission@ Selection of committee members is
allowing the public to offer input on the OMB.EOP.gov and (2) Treasury PRA made based on the FACA’s
scope of the EIS until May 11, 2015. In Clearance Officer, 1750 Pennsylvania requirements and the potential
accordance with the Federal regulations, Ave. NW., Suite 8140, Washington, DC member’s background and
this date is at least 45 days following the 20220, or email at PRA@treasury.gov. qualifications. Therefore, an application
publication of this NOI. Public FOR FURTHER INFORMATION CONTACT: is needed to ascertain the desired skills
comments will be received through Copies of the submission(s) may be set for membership. The information
those methods explained earlier in this obtained by calling (202) 927–5331, will also be used to perform Federal
NOI and will be incorporated into a email at PRA@treasury.gov, or the entire Income Tax, FBI, and practitioner
Scoping Summary Report. The Scoping information collection request may be checks as required of all members and
Summary Report will detail the scope of found at www.reginfo.gov. applicants to the Committees or
the EIS and the potential environmental SUPPLEMENTARY INFORMATION: Council.
effects that will be considered during The tax check waiver permits the
Internal Revenue Service Internal Revenue Service (IRS) to release
the study period. After the completion
of the Draft EIS, a public and agency OMB Number: 1545–1661. information about the applicant which
review period will allow for input on Type of Review: Extension without would otherwise be confidential. This
the Draft EIS and these comments will change of a currently approved information will be used in connection
be incorporated into the Final EIS for collection. with my application for appointment to
Title: REG–106010–98 (Final) membership in one of the IRS Advisory
this project. In accordance with Section
Qualified Lessee Construction Committee/Council. It is necessary for
1319 of the Moving Ahead for Progress Allowance for Short-Term Leases.
in the 21st Century Act (MAP–21), the purpose of ensuring that all panel
Abstract: The regulations provide members are tax compliant. Information
Accelerated Decision-making in guidance with respect to Sec. 110, provided will be used to qualify or
Environmental Reviews, FTA may which provides a safe harbor whereby it disqualify individuals to serve as panel
consider the use of errata sheets will be assumed that a construction members. The information will be used
attached to the DEIS in place of a allowance provided by a lessor to a as appropriate by the Taxpayer
traditional Final EIS and/or lessee is used to construct or improve Advocate service staff, and other
development a single environmental lessor property when long-term property appropriate IRS personnel.
decision document that consists of a is constructed or improved and used Affected Public: Individual or
Final EIS and a Record of Decision pursuant to a short-term lease. The Household.
(ROD), if certain conditions exist regulations also provide a reporting Estimated Annual Burden Hours: 492.
following the conclusion of the public requirement that ensures that both the OMB Number: 1545–1941.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
and agency review period for the lessee and lessor consistently treat the Type of Review: Extension without
project’s Draft EIS. property subject to the construction change of a currently approved
allowance as nonresidential real collection.
Yvette G. Taylor, property owned by the lessor. Title: Consumer Cooperative
Regional Administrator, Federal Transit Affected Public: Private Sector: Exemption Application.
Administration, Atlanta, GA. Businesses or other for-profits. Form: 3491.
[FR Doc. 2015–07287 Filed 3–30–15; 8:45 am] Estimated Annual Burden Hours: Abstract: A cooperative uses Form
BILLING CODE 4910–57–P 10,000. 3491 to apply for exemption from filing
OMB Number: 1545–1791. information returns (Forms 1099–PATR)
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![Federal Register / Vol. 80, No. 61 / Tuesday, March 31, 2015 / Notices 17151
on patronage distributions of $10 or name and address of the refinery and (b) ACTION: Request for applications.
more to any person during the calendar the production capacity requirement
year. under which the refinery qualifies. If the SUMMARY: The Internal Revenue Service
Affected Public: Private Sector: taxpayer making the expensing election (IRS) requests applications of
Businesses or other for-profits. described above is a cooperative individuals to be considered for
Estimated Annual Burden Hours: 148. described in section 1381, and one or selection as members of the Electronic
OMB Number: 1545–2095. more persons directly holding an Tax Administration Advisory
Type of Review: Extension without ownership interest in the taxpayer are Committee (ETAAC). Nominations
change of a currently approved organizations described in section 1381, should describe and document the
collection. the taxpayer can elect to allocate all or proposed member’s qualification for
Title: 26 US Code §§ 430 and 436. a portion of the deduction allowable ETAAC membership, including the
Abstract: Regulations under sections under section 179C to those persons. applicant’s knowledge of regulations
430(d), 430(g), 430(h)(2), and 430(i) The allocation must be equal to the and the applicant’s past or current
provide guidance on the determination person’s ratable share of the total affiliations and dealings with the
of benefit liabilities and the valuation of amount allocated, determined on the particular tax segment or segments of
plan assets for purposes of the funding basis of the person’s ownership interest the community that the applicant
requirements that apply to single in the taxpayer/cooperative. If the wishes to represent on the council.
employer defined benefit plans taxpayer/cooperative makes such an Applications will be accepted for
pursuant to changes made by the election, it must provide written notice current vacancies from qualified
Pension Protection Act of 2006. In order of the amount of the allocation to any individuals and from professional and
to implement the statutory provisions owner receiving an allocation by written public interest groups that wish to have
under section 430(h)(2), the regulations notice on Form 1099–PAT, Taxable representation on ETAAC. Submittal of
provide for the sponsor of a defined Distributions Received from an application and resume is required.
benefit plan to make any of several Cooperatives. This notice must be The ETAAC provides an organized
elections related to the interest rate used provided before the due date (including public forum for discussion of
for minimum funding purposes and extensions) of the cooperative owner’s electronic tax administration issues in
require written notification of any such federal income tax return for the taxable support of the overriding goal that
election to be provided to the plan’s year for which the election applies. paperless filing should be the preferred
enrolled actuary. These final regulations Affected Public: Private Sector: and most convenient method of filing
provide for the sponsor of a defined Businesses or other for-profits. tax and information returns. ETAAC
benefit pension plan to make any of Estimated Annual Burden Hours: 120. members convey the public’s perception
several elections. OMB Number: 1545–2135. of IRS electronic tax administration
The Highway and Transportation Type of Review: Revision of a activities, offer constructive
Funding Act of 2014 (HATFA), Public currently approved collection. observations about current or proposed
Law 113–159, was enacted on August 8, Title: TD 9447 (Final) Automatic policies, programs, and procedures, and
2014, and was effective retroactively for Contribution Arrangements. suggest improvements.
single employer defined benefit pension Abstract: These regulations provide a The IRS seeks a diverse group of
plans, optional for plan years beginning method by which an automatic individuals to represent various groups
in 2013 and mandatory for plan years contribution arrangement can become a including: (1) Tax practitioners and
beginning in 2014. Notice 2014–53 qualified automatic contribution preparers, (2) tax software developers,
provides guidance on these changes to arrangement and automatically satisfy (3) large and small business, (4)
the funding stabilization rules for the ADP test of section 401(k)(3)A)(ii). employers and payroll service
single-employer pension plans. These regulations also describe how an providers, (5) individual taxpayers, (6)
Affected Public: Private Sector: automatic contribution arrangement can financial industry (payers, payment
Businesses or other for-profits; Not-for- become an eligible automatic options and best practices), (7) system
profit institutions. contribution arrangement and integrators or technology providers, (8)
Estimated Annual Burden Hours: employees can get back mistaken digital or online service providers, (9)
158,000. contributions. academic (marketing, sales or technical
OMB Number: 1545–2103. Affected Public: Private Sector: perspectives), (10) trusts and estates,
Type of Review: Extension without Businesses or other for-profits. (11) tax exempt organizations, and (12)
change of a currently approved Estimated Annual Burden Hours: state and local governments.
collection. 36,000. This is a volunteer position and
Title: TD 9547—Election to Expense members will serve a three-year term on
Dated: March 26, 2015.
Certain Refineries. the ETAAC to allow for a rotation in
Abstract: The regulations provide Dawn D. Wolfgang,
Treasury PRA Clearance Officer. membership which ensures that
guidance with respect to section 179C of different perspectives are represented.
the Internal Revenue Code, which [FR Doc. 2015–07306 Filed 3–30–15; 8:45 am]
Travel expenses within government
provides a taxpayer can elect to treat 50 BILLING CODE 4830–01–P
guidelines will be reimbursed. Potential
percent of the cost of ‘‘qualified refinery candidates must pass an IRS tax
property’’ as a deductible expense not compliance check and Federal Bureau
chargeable to capital account. The DEPARTMENT OF THE TREASURY
asabaliauskas on DSK5VPTVN1PROD with NOTICES
of Investigation (FBI) background
taxpayer makes an election under investigation.
section 179C by entering the amount of Internal Revenue Service
the deduction at the appropriate place DATES: The complete application
Electronic Tax Administration package must be received no later than
on the taxpayer’s timely filed original
Advisory Committee (ETAAC); Friday, May 22, 2015.
federal income tax return for the taxable
Nominations
year in which the qualified refinery ADDRESSES: Applications should be sent
property is placed in service and by AGENCY:Internal Revenue Service (IRS), to Internal Revenue Service, 1111
attaching a report specifying (a) the Department of the Treasury. Constitution Ave. NW., Attn: ETAAC
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Document Created: 2015-12-18 11:48:33
Document Modified: 2015-12-18 11:48:33
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice. | |
| Dates | Comments should be received on or before April 30, 2015 to be assured of consideration. | |
| Contact | Copies of the submission(s) may be obtained by calling (202) 927-5331, email at [email protected], or the entire information collection request may be found at www.reginfo.gov. | |
| FR Citation | 80 FR 17150 |
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