80_FR_37175 80 FR 37051 - Submission for OMB Review; Comment Request

80 FR 37051 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 124 (June 29, 2015)

Page Range37051-37052
FR Document2015-15840

Federal Register, Volume 80 Issue 124 (Monday, June 29, 2015) 
[Federal Register Volume 80, Number 124 (Monday, June 29, 2015)]
[Notices]
[Pages 37051-37052]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-15840]


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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 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 July 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: 1545-0064.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Application for Exemption From Social Security and Medicare 
Taxes and Waiver of Benefits.
    Form: 4029.
    Abstract: Form 4029 is used by members of recognized religious 
groups to apply for exemption from social security and Medicare taxes 
under IRC sections 1402(g) and 3127. The information is used to approve 
or deny exemption from social security and Medicare taxes.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 3,792.

    OMB Number: 1545-0387.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Application for Filing Information Returns Electronically 
(FIRE).
    Form: 4419.
    Abstract: Under section 6011(e)(2)(a) of the Internal Revenue Code, 
any person, including corporations, partnerships, individuals, estates 
and trusts, who is required to file 250 or more information returns 
must file such returns electronically. Payers required to file 
electronically must complete Form 4419 to receive authorization to 
file.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 6,500.

    OMB Number: 1545-1146.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Applicable Conventions Under the Accelerated Cost Recovery 
System (TD 8444--Final).
    Abstract: The regulations describe the time and manner of making 
the notation required to be made on Form 4562 under certain 
circumstances when the taxpayer transfer property in certain non-
recognition transactions. The information is necessary to monitor 
compliance with the section 168 rules.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 70.

    OMB Number: 1545-1356.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 8725--Miscellaneous Sections Affected by the Taxpayer 
Bill of Rights 2 and the Personal Responsibility and Work Opportunity 
Reconciliation Act of 1996.
    Abstract: This document contains final regulations relating to 
joint returns, property exempt from levy, interest, penalties, offers 
in compromise, and the awarding of costs and certain fees. The 
regulations reflect changes to the law made by the Taxpayer Bill of 
Rights 2 and a conforming amendment made by the Personal Responsibility 
and Work Opportunity Reconciliation Act of 1996. The regulations affect 
taxpayers with respect to filing of returns, interest, penalties, court 
costs, and payment, deposit, and collection of taxes.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 86.

    OMB Number: 1545-1788.
    Type of Review: Revision of a previously approved collection.
    Title: Taxpayer Advocacy Panel (TAP) Membership Application 
Process.
    Form: 13013, 13013-D.
    Abstract: The Federal Advisory Committee Act 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. Selection of committee members is made based on the FACA's 
requirements and the potential member's background and qualifications. 
Therefore, an application, Form 13013, is needed to ascertain the 
desired skills set for membership. The TAP Tax Check Waiver, Form 
13013-D, must be signed as a condition of membership. New and 
continuing members of IRS Advisory Committees/Councils are required to 
undergo a tax compliance check. Once signed by the applicant, the tax 
check wavier authorizes the Government Liaison Disclosure analysts to 
provide the results to the appropriate IRS officials.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 525.

    OMB Number: 1545-1831.

[[Page 37052]]

    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 9157 (Final) Guidance Regarding the Treatment of Certain 
Contingent Payment Debt Instruments With One or More Payments That Are 
Denominated in, or Determined by Reference to, a Nonfunctional 
Currency.
    Abstract: The IRS needs the information from the holder of certain 
debt instruments in order to alert the agency that the computation of 
interest income/expense by the holder and issuer will not be 
consistent. The respondents will be holders of contingent payment debt 
instruments which require payments to be made in or by reference to 
foreign currency. The respondents will probably be investment banks, 
however, may also include others who hold these debt instruments for 
investments.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 100.

    OMB Number: 1545-1956.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Revenue Procedure 2007-25, Regarding I.R.C. 6707A(e) and 
Disclosure with the SEC.
    Abstract: This revenue procedure amplifies Rev. Proc. 2005-51, 
2005-2 C.B. 296, which provides guidance to persons who may be required 
to pay certain penalties under sections 6662(h), 6662A, or 6707A of the 
Internal Revenue Code, and who may be required under section 6707A(e) 
to disclose those penalties on reports filed with the Securities and 
Exchange Commission (SEC). This revenue procedure describes the report 
on which the disclosures must be made, the information that must be 
disclosed, and the deadlines by which persons must make the disclosures 
on reports filed with the SEC in order to avoid additional penalties 
under section 6707A(e).
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 430.

    OMB Number: 1545-2259.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Performance and Quality for Small Wind Energy Property.
    Abstract: Section 48(a)(3)(D) of the Internal Revenue Code allows a 
credit for energy property which meets, among other requirements, the 
performance and quality standards (if any) which have been prescribed 
by the Secretary by regulations (after consultation with the Secretary 
of Energy), and are in effect at the time of the acquisition of the 
property. Energy property includes small wind energy property. This 
notice provides the performance and quality standards that small wind 
energy property must meet to qualify for the energy credit under 
section 48.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 400.

    Dated: June 24, 2015.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2015-15840 Filed 6-26-15; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 124 / Monday, June 29, 2015 / Notices 37051 Books or records relating to a collection Clearance Officer, 1750 Pennsylvania information is necessary to monitor of information must be retained as long Ave. NW., Suite 8140, Washington, DC compliance with the section 168 rules. as their contents may become material 20220, or email at PRA@treasury.gov. Affected Public: Private Sector: in the administration of any internal FOR FURTHER INFORMATION CONTACT: Businesses or other for-profits. revenue law. Generally, tax returns and Copies of the submission(s) may be Estimated Annual Burden Hours: 70. tax return information are confidential, obtained by email at PRA@treasury.gov OMB Number: 1545–1356. as required by 26 U.S.C. 6103. or the entire information collection Type of Review: Extension without Request for Comments: Comments request may be found at change of a previously approved submitted in response to this notice will www.reginfo.gov. collection. be summarized and/or included in the Title: TD 8725—Miscellaneous SUPPLEMENTARY INFORMATION: request for OMB approval. All Sections Affected by the Taxpayer Bill comments will become a matter of Internal Revenue Service (IRS) of Rights 2 and the Personal public record. Comments are invited on: Responsibility and Work Opportunity OMB Number: 1545–0064. (a) Whether the collection of Reconciliation Act of 1996. Type of Review: Extension without information is necessary for the proper Abstract: This document contains change of a previously approved performance of the functions of the final regulations relating to joint returns, collection. agency, including whether the property exempt from levy, interest, Title: Application for Exemption information shall have practical utility; penalties, offers in compromise, and the From Social Security and Medicare (b) the accuracy of the agency’s estimate awarding of costs and certain fees. The Taxes and Waiver of Benefits. of the burden of the collection of regulations reflect changes to the law Form: 4029. information; (c) ways to enhance the Abstract: Form 4029 is used by made by the Taxpayer Bill of Rights 2 quality, utility, and clarity of the members of recognized religious groups and a conforming amendment made by information to be collected; (d) ways to to apply for exemption from social the Personal Responsibility and Work minimize the burden of the collection of security and Medicare taxes under IRC Opportunity Reconciliation Act of 1996. information on respondents, including sections 1402(g) and 3127. The The regulations affect taxpayers with through the use of automated collection information is used to approve or deny respect to filing of returns, interest, techniques or other forms of information exemption from social security and penalties, court costs, and payment, technology; and (e) estimates of capital Medicare taxes. deposit, and collection of taxes. or start-up costs and costs of operation, Affected Public: Individuals or Affected Public: Individuals or maintenance, and purchase of services Households. Households. to provide information. Estimated Annual Burden Hours: 86. Estimated Annual Burden Hours: Approved: June 18, 2015. 3,792. OMB Number: 1545–1788. Christie Preston, Type of Review: Revision of a OMB Number: 1545–0387. previously approved collection. IRS Reports Clearance Officer. Type of Review: Extension without Title: Taxpayer Advocacy Panel (TAP) [FR Doc. 2015–15788 Filed 6–26–15; 8:45 am] change of a previously approved Membership Application Process. BILLING CODE 4830–01–P collection. Form: 13013, 13013–D. Title: Application for Filing Abstract: The Federal Advisory Information Returns Electronically Committee Act requires that committee DEPARTMENT OF THE TREASURY (FIRE). membership be fairly balanced in terms Form: 4419. of points of view represented and the Submission for OMB Review; Abstract: Under section 6011(e)(2)(a) functions to be performed. As a result, Comment Request of the Internal Revenue Code, any members of specific committees often AGENCY: Department of the Treasury. person, including corporations, have both the expertise and professional ACTION: Notice. partnerships, individuals, estates and skills that parallel the program trusts, who is required to file 250 or responsibilities of their sponsoring The Department of the Treasury will more information returns must file such agencies. Selection of committee submit the following information returns electronically. Payers required members is made based on the FACA’s collection requests to the Office of to file electronically must complete requirements and the potential Management and Budget (OMB) for Form 4419 to receive authorization to member’s background and review and clearance in accordance file. qualifications. Therefore, an with the Paperwork Reduction Act of Affected Public: Private Sector: application, Form 13013, is needed to 1995, Public Law 104–13, on or after the Businesses or other for-profits. ascertain the desired skills set for date of publication of this notice. Estimated Annual Burden Hours: membership. The TAP Tax Check DATES: Comments should be received on 6,500. Waiver, Form 13013–D, must be signed or before July 29, 2015 to be assured of OMB Number: 1545–1146. as a condition of membership. New and consideration. Type of Review: Extension without continuing members of IRS Advisory ADDRESSES: Send comments regarding change of a previously approved Committees/Councils are required to the burden estimate, or any other aspect collection. undergo a tax compliance check. Once of the information collection, including Title: Applicable Conventions Under signed by the applicant, the tax check wavier authorizes the Government mstockstill on DSK4VPTVN1PROD with NOTICES suggestions for reducing the burden, to the Accelerated Cost Recovery System (1) Office of Information and Regulatory (TD 8444—Final). Liaison Disclosure analysts to provide Affairs, Office of Management and Abstract: The regulations describe the the results to the appropriate IRS Budget, Attention: Desk Officer for time and manner of making the notation officials. Treasury, New Executive Office required to be made on Form 4562 Affected Public: Individuals or Building, Room 10235, Washington, DC under certain circumstances when the Households. 20503, or email at OIRA_Submission@ taxpayer transfer property in certain Estimated Annual Burden Hours: 525. OMB.EOP.gov and (2) Treasury PRA non-recognition transactions. The OMB Number: 1545–1831. VerDate Sep<11>2014 17:13 Jun 26, 2015 Jkt 235001 PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 E:\FR\FM\29JNN1.SGM 29JNN1

37052 Federal Register / Vol. 80, No. 124 / Monday, June 29, 2015 / Notices Type of Review: Extension without with the SEC in order to avoid from 2 p.m. to 4 p.m. EST. The purpose change of a previously approved additional penalties under section of the Council is to advise the Secretary collection. 6707A(e). on matters affecting partnerships Title: TD 9157 (Final) Guidance Affected Public: Private Sector: between VA and its academic affiliates. Regarding the Treatment of Certain Businesses or other for-profits. The Council will address the status of Contingent Payment Debt Instruments Estimated Annual Burden Hours: 430. the implementation of the Veterans With One or More Payments That Are OMB Number: 1545–2259. Access, Choice, and Accountability Act Denominated in, or Determined by Type of Review: Extension without of 2014’s Graduate Medical Education Reference to, a Nonfunctional Currency. change of a previously approved expansion plan, discuss issues related to Abstract: The IRS needs the collection. VA contracting including the Veteran’s information from the holder of certain Title: Performance and Quality for Choice Program, and receive updates on debt instruments in order to alert the Small Wind Energy Property. VA training programs. Plans for the agency that the computation of interest Abstract: Section 48(a)(3)(D) of the December Council meeting will be income/expense by the holder and Internal Revenue Code allows a credit provided. The Council will receive issuer will not be consistent. The for energy property which meets, among public comments from 3:45 p.m. to 4 respondents will be holders of other requirements, the performance p.m. EST. contingent payment debt instruments and quality standards (if any) which Interested persons may attend and/or which require payments to be made in have been prescribed by the Secretary present oral statements to the Council. or by reference to foreign currency. The by regulations (after consultation with The dial in number to attend the respondents will probably be the Secretary of Energy), and are in conference call is: 1–800–767–1750. At investment banks, however, may also effect at the time of the acquisition of the prompt, enter access code 21382 include others who hold these debt the property. Energy property includes then press #. Individuals seeking to instruments for investments. small wind energy property. This notice present oral statements are invited to Affected Public: Private Sector: provides the performance and quality submit a 1–2 page summary of their Businesses or other for-profits. standards that small wind energy comments at the time of the meeting for Estimated Annual Burden Hours: 100. property must meet to qualify for the inclusion in the official meeting record. OMB Number: 1545–1956. energy credit under section 48. Oral presentations will be limited to five Type of Review: Extension without Affected Public: Private Sector: minutes or less, depending on the change of a previously approved Businesses or other for-profits. number of participants. Interested collection. Estimated Annual Burden Hours: 400. parties may also provide written Title: Revenue Procedure 2007–25, Dated: June 24, 2015. comments for review by the Council Regarding I.R.C. 6707A(e) and Dawn D. Wolfgang, prior to the meeting or at any time, via Disclosure with the SEC. Treasury PRA Clearance Officer. email to, Steve.Trynosky@va.gov, or by Abstract: This revenue procedure [FR Doc. 2015–15840 Filed 6–26–15; 8:45 am] mail to Stephen K. Trynosky J.D., amplifies Rev. Proc. 2005–51, 2005–2 M.P.H., M.M.A.S., Designated Federal BILLING CODE 4830–01–P C.B. 296, which provides guidance to Officer, Office of Academic Affiliations persons who may be required to pay (10A2D), 810 Vermont Avenue NW., certain penalties under sections 6662(h), Washington, DC 20420. Any member of 6662A, or 6707A of the Internal DEPARTMENT OF VETERANS AFFAIRS the public wishing to attend or seeking Revenue Code, and who may be additional information should contact required under section 6707A(e) to VA National Academic Affiliations Mr. Trynosky via email or by phone at disclose those penalties on reports filed Council Notice of Meeting (202) 461–6723. with the Securities and Exchange Dated: June 23, 2015. Commission (SEC). This revenue The Department of Veterans Affairs procedure describes the report on which (VA) gives notice under Federal Jelessa M. Burney, the disclosures must be made, the Advisory Committee Act, 5 U.S.C. App. Federal Advisory Committee Management information that must be disclosed, and 2 that the VA National Academic Officer. the deadlines by which persons must Affiliations Council will meet via [FR Doc. 2015–15785 Filed 6–26–15; 8:45 am] make the disclosures on reports filed conference call on September 23, 2015, BILLING CODE 8320–01–P mstockstill on DSK4VPTVN1PROD with NOTICES VerDate Sep<11>2014 17:13 Jun 26, 2015 Jkt 235001 PO 00000 Frm 00092 Fmt 4703 Sfmt 9990 E:\FR\FM\29JNN1.SGM 29JNN1


Document Created: 2015-12-15 14:24:47
Document Modified: 2015-12-15 14:24:47
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
DatesComments should be received on or before July 29, 2015 to be assured of consideration.
ContactCopies 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 Citation80 FR 37051 
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