80 FR 30763 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 103 (May 29, 2015)

Page Range		30763-30764
FR Document		2015-13008
Federal Register, Volume 80 Issue 103 (Friday, May 29, 2015)
[Federal Register Volume 80, Number 103 (Friday, May 29, 2015)]
[Notices]
[Pages 30763-30764]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-13008]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

AGENCY: Department of the Treasury.

ACTION: Notice.

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    The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before June 29, 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 email at [email protected] or the entire information 
collection request may be found at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS)

    OMB Number: 1545-0013.
    Type of Review: Revision of a currently approved collection.
    Title: Notice Concerning Fiduciary Relationship; Form 56-F, Notice 
Concerning Fiduciary Relationship of Financial Institution.
    Form: 56, 56-F.
    Abstract: Form 56 is used to inform the IRS that a person in acting 
for another person in a fiduciary capacity so that the IRS may mail tax 
notices to the fiduciary concerning the person for whom he/she is 
acting. The data is used to ensure that the fiduciary relationship is 
established or terminated and to mail or discontinue mailing designated 
tax notices to the fiduciary. The filing of Form 56-F by a fiduciary 
(FDIC or other federal agency acting as a receiver or conservator of a 
failed financial institution (bank or thrift) gives the IRS the 
necessary information to submit send letters, notices, and notices of 
tax liability to the federal fiduciary now in charge of the financial 
institution rather than sending the notice, etc. to the institution's 
last known address.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 349,786.

    OMB Number: 1545-0913.

[[Page 30764]]

    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8045--Below-Market Loans (NPRM LR-165-84).
    Abstract: Section 7872 recharacterizes a below-market loan as a 
market rate loan and an additional transfer by the lender to the 
borrower equal to the amount of imputed interest. The regulation 
requires both the lender and the borrower to attach a statement to 
their respective income tax returns for years in which they have either 
imputed income or claim imputed deductions under section 7872.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 481,722.

    OMB Number: 1545-1041.
    Type of Review: Revision of a currently approved collection.
    Title: TD 8316--Cooperative Housing Corporations.
    Abstract: This document contains amendments to the Income Tax 
Regulations under section 216 of the Internal Revenue Code of 1986, 
relating to cooperative housing corporations. Section 216 of the Code 
was amended by the Tax Reform Act of 1986. The regulations provide 
cooperative housing corporations and tenant-stockholders with guidance 
needed to comply with the law.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 1,250.

    OMB Number: 1545-1417.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Indian Employment Credit.
    Form: 8845.
    Abstract: Under Internal Revenue Code section 45A, employers can 
claim an income tax credit for hiring American Indians or their spouses 
to work in a trade or business on an Indian reservation. Form 8845 is 
used by employers to claim the credit and by IRS to ensure that the 
credit is computed correctly.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 4,332.

    OMB Number: 1545-1466.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Third-Party Disclosure Requirements in the IRS Regulations.
    Abstract: This submission contains third-party disclosure 
regulations subject to the Paperwork Reduction Act of 1995.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 68,885,183.

    OMB Number: 1545-1467.
    Type of Review: Revision of a currently approved collection.
    Title: Electronic Federal Tax Payment System (EFTPS).
    Form: 9779, 9783, 9787, 9789.
    Abstract: Enrollment is vital to the implementation of the 
Electronic Federal Tax Payment System (EFTPS). EFTPS is an electronic 
remittance processing system that the Service will use to accept 
electronically transmitted federal tax payments. This system is a 
necessary outgrowth of advanced information and communication 
technologies.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 726,450.

    OMB Number: 1545-1505.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Orphan Drug Credit.
    Form: 8820.
    Abstract: Filers use this form to elect to claim the orphan drug 
credit, which is 50 percent of the qualified clinical testing expenses 
paid or incurred with respect to low or unprofitable drugs for rare 
diseases and conditions, as designated under section 526 of the Federal 
Food, Drug, and Cosmetic Act.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 348.

    OMB Number: 1545-1962.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice of Income from Donated Intellectual Property.
    Form: 8899.
    Abstract: Form 8899 is filed by charitable organizations receiving 
donations of intellectual property if the donor provides a timely 
notice. The initial deduction is limited to the donor's basis, 
additional deductions are allowed to the extent of income from the 
property, reducing excessive deductions.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 5,430.

    OMB Number: 1545-2209.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-112805-10--Branded Prescription Drugs.
    Abstract: Section 9008 of the Patient Protection and Affordable 
Care Act (ACA), Public Law 111-148 (124 Stat. 119 (2010)), as amended 
by section 1404 of the Health Care and Education Reconciliation Act of 
2010 (HCERA), Public Law 111-152 (124 Stat. 1029 (2010)) imposes an 
annual fee on manufacturers and importers of branded prescription drugs 
that have gross receipts of over $5 million from the sales of these 
drugs to certain government programs (covered entity/covered entities). 
The final regulations supersede temporary regulations and describe how 
the IRS will administer the branded prescription drug fee. Section 
51.7T(b) of the temporary regulations provides that the IRS will send 
each covered entity notification of its preliminary fee calculation by 
May 15 of the fee year. If a covered entity chooses to dispute the IRS' 
preliminary fee calculation, the covered entity must follow the 
procedures for submitting an error report that are established in Sec.  
51.8T.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 1,800.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 16,745.

    Dated: May 26, 2015.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2015-13008 Filed 5-28-15; 8:45 am]
 BILLING CODE 4830-01-P
Federal Register / Vol. 80, No. 103 / Friday, May 29, 2015 / Notices 30763

Commit, or Support Terrorism’’. In 642; Previous Aircraft Tail Number The Department of the Treasury will
addition, on May 21, 2015, OFAC YI–NAA; Aircraft Manufacturer’s submit the following information
identified 9 aircraft, whose identifying Serial Number (MSN) 383; collection request to the Office of
information is detailed below, as Additional Sanctions Information— Management and Budget (OMB) for
property in which Mahan Air, a Subject to Secondary Sanctions review and clearance in accordance
designated entity, has an interest, and (aircraft) [SDGT] [IFSR] (Linked To: with the Paperwork Reduction Act of
which therefore are blocked pursuant to MAHAN AIR). 1995, Public Law 104–13, on or after the
E.O. 13224: 5. MSN 391; Aircraft Manufacture Date date of publication of this notice.
Individual 2002; Aircraft Model Airbus A340– DATES: Comments should be received on
642; Aircraft Manufacturer’s Serial or before June 29, 2015 to be assured of
1. SHAMMOUT, Issam (a.k.a. Number (MSN) 391; Aircraft Tail consideration.
SHAMMOUT, Muhammad Isam Number EP–MMH; Additional ADDRESSES: Send comments regarding
Muhammad Anwar Nur); DOB 26 Sanctions Information—Subject to
Aug 1971; Additional Sanctions the burden estimate, or any other aspect
Secondary Sanctions (aircraft) of the information collection, including
Information—Subject to Secondary [SDGT] [IFSR] (Linked To: MAHAN
Sanctions; Passport 006327129 suggestions for reducing the burden, to
AIR). (1) Office of Information and Regulatory
(Syria) (individual) [SDGT] [IFSR] 6. MSN 416; Aircraft Manufacture Date
(Linked To: MAHAN AIR). Affairs, Office of Management and
2002; Aircraft Model Airbus A340– Budget, Attention: Desk Officer for
Entities 642; Previous Aircraft Tail Number Treasury, New Executive Office
YI–NAD; Aircraft Manufacturer’s Building, Room 10235, Washington, DC
1. AL–NASER AIRLINES (a.k.a.
Serial Number (MSN) 416; 20503, or email at OIRA_Submission@
ALNASER AIRLINES), Al-Karrada,
Additional Sanctions Information— OMB.EOP.gov and (2) Treasury PRA
Babil Region—District 929, St. 21,
Subject to Secondary Sanctions Clearance Officer, 1750 Pennsylvania
Home 46, Baghdad, Iraq; P.O. Box
(aircraft) [SDGT] [IFSR] (Linked To: Ave. NW., Suite 8140, Washington, DC
28360, Dubai, United Arab
MAHAN AIR). 20220, or email at PRA@treasury.gov.
Emirates; P.O. Box 911399, Amman
11191, Jordan; Additional Sanctions 7. MSN 449; Aircraft Manufacture Date FOR FURTHER INFORMATION CONTACT:
Information—Subject to Secondary 2002; Aircraft Model Airbus A340– Copies of the submission(s) may be
Sanctions [SDGT] [IFSR] (Linked 642; Previous Aircraft Tail Number obtained by email at PRA@treasury.gov
To: MAHAN AIR). YI–NAE; Aircraft Manufacturer’s or the entire information collection
2. SKY BLUE BIRD AVIATION (a.k.a. Serial Number (MSN) 449; request may be found at
SKY BLUE AIRLINES; a.k.a. SKY Additional Sanctions Information— www.reginfo.gov.
BLUE BIRD FZE), P.O. Box 16111, Subject to Secondary Sanctions
(aircraft) [SDGT] [IFSR] (Linked To: SUPPLEMENTARY INFORMATION:
Ras al Khaimah Trade Zone, United
Arab Emirates; Additional MAHAN AIR). Internal Revenue Service (IRS)
Sanctions Information—Subject to 8. MSN 550; Aircraft Manufacture Date
OMB Number: 1545–0013.
Secondary Sanctions [SDGT] [IFSR] 1995; Aircraft Model Airbus A321–
Type of Review: Revision of a
(Linked To: MAHAN AIR). 131; Previous Aircraft Tail Number
currently approved collection.
2–WGLP; Aircraft Manufacturer’s
Aircraft Title: Notice Concerning Fiduciary
Serial Number (MSN) 550;
Relationship; Form 56–F, Notice
1. MSN 164; Aircraft Manufacture Date Additional Sanctions Information—
Concerning Fiduciary Relationship of
1997; Aircraft Model Airbus A340– Subject to Secondary Sanctions
Financial Institution.
313X; Previous Aircraft Tail (aircraft) [SDGT] [IFSR] (Linked To:
Form: 56, 56–F.
Number G–VAIR; Aircraft MAHAN AIR). Abstract: Form 56 is used to inform
Manufacturer’s Serial Number 9. MSN 615; Aircraft Manufacture Date the IRS that a person in acting for
(MSN) 164; Additional Sanctions 2004; Aircraft Model Airbus A340– another person in a fiduciary capacity
Information—Subject to Secondary 642; Previous Aircraft Tail Number so that the IRS may mail tax notices to
Sanctions (aircraft) [SDGT] [IFSR] G–VSSH; Aircraft Manufacturer’s the fiduciary concerning the person for
(Linked To: MAHAN AIR). Serial Number (MSN) 615; whom he/she is acting. The data is used
2. MSN 371; Aircraft Manufacture Date Additional Sanctions Information— to ensure that the fiduciary relationship
2001; Aircraft Model Airbus A340– Subject to Secondary Sanctions is established or terminated and to mail
642; Previous Aircraft Tail Number (aircraft) [SDGT] [IFSR] (Linked To: or discontinue mailing designated tax
YI–NAC; Aircraft Manufacturer’s MAHAN AIR). notices to the fiduciary. The filing of
Serial Number (MSN) 371; Dated: May 21, 2015. Form 56–F by a fiduciary (FDIC or other
Additional Sanctions Information—
John E. Smith, federal agency acting as a receiver or
Subject to Secondary Sanctions
Acting Director, Office of Foreign Assets conservator of a failed financial
(aircraft) [SDGT] [IFSR] (Linked To:
Control. institution (bank or thrift) gives the IRS
MAHAN AIR).
[FR Doc. 2015–13026 Filed 5–28–15; 8:45 am] the necessary information to submit
3. MSN 376; Aircraft Manufacture Date
send letters, notices, and notices of tax
2001; Aircraft Model Airbus A340– BILLING CODE 4810–AL–P
liability to the federal fiduciary now in
642; Previous Aircraft Tail Number
charge of the financial institution rather
YI–NAB; Aircraft Manufacturer’s
than sending the notice, etc. to the
Lhorne on DSK2VPTVN1PROD with NOTICES

Serial Number (MSN) 376; DEPARTMENT OF THE TREASURY
institution’s last known address.
Additional Sanctions Information— Submission for OMB Review; Affected Public: Private Sector:
Subject to Secondary Sanctions Comment Request Businesses or other for-profits.
(aircraft) [SDGT] [IFSR] (Linked To:
Estimated Annual Burden Hours:
MAHAN AIR). AGENCY: Department of the Treasury.
4. MSN 383; Aircraft Manufacture Date 349,786.
ACTION: Notice.
2002; Aircraft Model Airbus A340– OMB Number: 1545–0913.

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30764 Federal Register / Vol. 80, No. 103 / Friday, May 29, 2015 / Notices

Type of Review: Extension without subject to the Paperwork Reduction Act Title: REG–112805–10—Branded
change of a currently approved of 1995. Prescription Drugs.
collection. Affected Public: Private Sector: Abstract: Section 9008 of the Patient
Title: TD 8045—Below-Market Loans Businesses or other for-profits. Protection and Affordable Care Act
(NPRM LR–165–84). Estimated Annual Burden Hours: (ACA), Public Law 111–148 (124 Stat.
Abstract: Section 7872 recharacterizes 68,885,183. 119 (2010)), as amended by section 1404
a below-market loan as a market rate OMB Number: 1545–1467. of the Health Care and Education
loan and an additional transfer by the Type of Review: Revision of a Reconciliation Act of 2010 (HCERA),
lender to the borrower equal to the currently approved collection. Public Law 111–152 (124 Stat. 1029
amount of imputed interest. The Title: Electronic Federal Tax Payment (2010)) imposes an annual fee on
regulation requires both the lender and System (EFTPS). manufacturers and importers of branded
the borrower to attach a statement to Form: 9779, 9783, 9787, 9789. prescription drugs that have gross
their respective income tax returns for Abstract: Enrollment is vital to the receipts of over $5 million from the
years in which they have either imputed implementation of the Electronic sales of these drugs to certain
income or claim imputed deductions Federal Tax Payment System (EFTPS). government programs (covered entity/
under section 7872. EFTPS is an electronic remittance covered entities). The final regulations
Affected Public: Private Sector: processing system that the Service will supersede temporary regulations and
Businesses or other for-profits. use to accept electronically transmitted describe how the IRS will administer
Estimated Annual Burden Hours: federal tax payments. This system is a the branded prescription drug fee.
481,722. necessary outgrowth of advanced Section 51.7T(b) of the temporary
information and communication regulations provides that the IRS will
OMB Number: 1545–1041.
technologies. send each covered entity notification of
Type of Review: Revision of a
Affected Public: Private Sector: its preliminary fee calculation by May
currently approved collection.
Businesses or other for-profits. 15 of the fee year. If a covered entity
Title: TD 8316—Cooperative Housing
Estimated Annual Burden Hours: chooses to dispute the IRS’ preliminary
Corporations.
726,450. fee calculation, the covered entity must
Abstract: This document contains
follow the procedures for submitting an
amendments to the Income Tax OMB Number: 1545–1505. error report that are established in
Regulations under section 216 of the Type of Review: Extension without § 51.8T.
Internal Revenue Code of 1986, relating change of a currently approved Affected Public: Private Sector:
to cooperative housing corporations. collection. Businesses or other for-profits.
Section 216 of the Code was amended Title: Orphan Drug Credit. Estimated Annual Burden Hours:
by the Tax Reform Act of 1986. The Form: 8820. 1,800.
regulations provide cooperative housing Abstract: Filers use this form to elect Affected Public: Private Sector:
corporations and tenant-stockholders to claim the orphan drug credit, which Businesses or other for-profits.
with guidance needed to comply with is 50 percent of the qualified clinical Estimated Annual Burden Hours:
the law. testing expenses paid or incurred with 16,745.
Affected Public: Private Sector: respect to low or unprofitable drugs for
Businesses or other for-profits. Dated: May 26, 2015.
rare diseases and conditions, as
Estimated Annual Burden Hours: Dawn D. Wolfgang,
designated under section 526 of the
1,250. Federal Food, Drug, and Cosmetic Act. Treasury PRA Clearance Officer.
Affected Public: Private Sector: [FR Doc. 2015–13008 Filed 5–28–15; 8:45 am]
OMB Number: 1545–1417.
Type of Review: Extension without Businesses or other for-profits. BILLING CODE 4830–01–P

change of a currently approved Estimated Annual Burden Hours: 348.
collection. OMB Number: 1545–1962.
Title: Indian Employment Credit. DEPARTMENT OF THE TREASURY
Type of Review: Extension without
Form: 8845. change of a currently approved Submission for OMB Review;
Abstract: Under Internal Revenue collection. Comment Request
Code section 45A, employers can claim Title: Notice of Income from Donated
an income tax credit for hiring Intellectual Property. AGENCY: Department of the Treasury.
American Indians or their spouses to Form: 8899. NOTICE: Notice.
work in a trade or business on an Indian Abstract: Form 8899 is filed by The Department of the Treasury will
reservation. Form 8845 is used by charitable organizations receiving submit the following information
employers to claim the credit and by donations of intellectual property if the collection request to the Office of
IRS to ensure that the credit is donor provides a timely notice. The Management and Budget (OMB) for
computed correctly. initial deduction is limited to the review and clearance in accordance
Affected Public: Private Sector: donor’s basis, additional deductions are with the Paperwork Reduction Act of
Businesses or other for-profits. allowed to the extent of income from the 1995, Public Law 104–13, on or after the
Estimated Annual Burden Hours: property, reducing excessive date of publication of this notice.
4,332. deductions. DATES: Comments should be received on
OMB Number: 1545–1466. Affected Public: Private Sector: or before June 29, 2015 to be assured of
Businesses or other for-profits.
Lhorne on DSK2VPTVN1PROD with NOTICES

Type of Review: Extension without consideration.
change of a currently approved Estimated Annual Burden Hours: ADDRESSES: Send comments regarding
collection. 5,430. the burden estimate, or any other aspect
Title: Third-Party Disclosure OMB Number: 1545–2209. of the information collection, including
Requirements in the IRS Regulations. Type of Review: Extension without suggestions for reducing the burden, to
Abstract: This submission contains change of a currently approved (1) Office of Information and Regulatory
third-party disclosure regulations collection. Affairs, Office of Management and

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Document Created: 2015-12-15 15:31:08
Document Modified: 2015-12-15 15:31:08
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 June 29, 2015 to be assured of consideration.
Contact		Copies of the submission(s) may be obtained by email at [email protected] or the entire information collection request may be found at www.reginfo.gov.
FR Citation		80 FR 30763