80 FR 37051 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 124 (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