80 FR 45588 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 146 (July 30, 2015)

Page Range		45588-45589
FR Document		2015-18703
Federal Register, Volume 80 Issue 146 (Thursday, July 30, 2015)
[Federal Register Volume 80, Number 146 (Thursday, July 30, 2015)]
[Notices]
[Pages 45588-45589]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-18703]


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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 August 31, 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: 1545-0430.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Request for Prompt Assessment Under Internal Revenue Code 
Section 6501(d).
    Form: 4810.
    Abstract: Form 4810 is used to request a prompt assessment under 
IRC Section 6501(d). IRS uses this form to locate the return to 
expedite processing of the taxpayer's request.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 24,800.

    OMB Number: 1545-1018.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: FI-27-89 (Temporary and Final) Real Estate Mortgage 
Investment Conduits; Reporting Requirements and Other Administrative 
Matters; FI-61-91 (Final) Allocation of Allocable Investment.
    Abstract: The regulations prescribe the manner in which an entity 
elects to be taxed as a real estate mortgage investment conduit (REMIC) 
and the filing requirements for REMICs and certain brokers.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 978.

    OMB Number: 1545-1231.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 9436--Tax Return Preparer Penalties Under Sections 6694 
and 6695.
    Abstract: This information is necessary to make the record of the 
name, taxpayer identification number, and principal place of work of 
each tax

[[Page 45589]]

return preparer, make each return or claim for refund prepared 
available for inspection by the Commissioner of Internal Revenue, and 
to document that the tax return preparer advised the taxpayer of the 
penalty standards applicable to the taxpayer in order for the tax 
return preparer to avoid penalties under section 6694. These 
regulations implements amendments to the tax return preparer penalties 
under sections 6694 and 6695 of the Internal Revenue Code and related 
provisions under sections 6060, 6107, 6109, 6696, and 7701(a)(36) 
reflecting amendments to the Code made by section 8246 of the Small 
Business and Work Opportunity Tax Act of 2007 and section 506 of the 
Tax Extenders and Alternative Minimum Tax Relief Act of 2008.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 10,679,320.

    OMB Number: 1545-1290.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 8513--Bad Debt Reserves of Banks.
    Abstract: Section 585(c) of the Internal Revenue Code requires 
large banks to change from the reserve method of accounting to the 
specific charge off method of accounting for bad debts. The information 
required by section 1.585-8 of the regulations identifies any election 
made or revoked by the taxpayer in accordance with section 585(c).
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 625.

    OMB Number: 1545-1725.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: REG-146097-09 (Final) Guidance on Reporting Interest Paid to 
Nonresident Aliens.
    Abstract: This document contains final regulations that provide 
guidance on the reporting requirements for interest on deposits 
maintained at the U.S. office of certain financial institutions and 
paid to nonresident alien individuals. These regulations affect persons 
making payments of interest with respect to such a deposit.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 500.

    OMB Number: 1545-1959.
    Type of Review: Revision of a previously approved collection.
    Title: Contributions of Motor Vehicles, Boats, and Airplanes.
    Form: 1098-C.
    Abstract: Section 884 of the American Jobs Creation Act of 1004 
(Pub. L. 108-357) added paragraph 12 to section 170(f) for 
contributions of used motor vehicles, boats, and airplanes. Section 
170(f)(12) requires that a donee organization provide an 
acknowledgement to the donor of this type of property and is required 
to file the same information to the Internal Revenue Service. Form 
1098-C may be used as the acknowledgement and it, or an acceptable 
substitute, must be filed with the IRS.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Annual Burden Hours: 46,810.

    OMB Number: 1545-1992.
    Type of Review: Revision of a previously approved collection.
    Title: TD 9324 (Final)--Designated Roth Contributions Under Section 
402A (REG-146459-05).
    Abstract: The final regulations set forth the rules for taxation of 
distributions from Designated Roth Accounts which are a part of a 
401(k) plan or 403(b) plan.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 828,000.

    OMB Number: 1545-2120.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Revenue Procedures 2008-60, 2012-27: Election Involving the 
Repeal of the Bonding Requirement under Sec.  42(j)(6).
    Abstract: This revenue procedure affects taxpayers who are 
maintaining a surety bond or a Treasury Direct Account (TDA) to satisfy 
the low-income housing tax credit recapture exception in Sec.  42(j)(6) 
of the Internal Revenue Code, as in effect on or before July 30, 2008. 
This revenue procedure provides the procedures for taxpayers to follow 
when making the election under section 3004(i)(2)(B)(ii) of the Housing 
Assistance Tax Act of 2008 (Pub. L. 110-289) to no longer maintain a 
surety bond or a TDA to avoid recapture.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 7,810.

    OMB Number: 1545-2144.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Validating Your TIN and Reasonable Cause.
    Form: 13997.
    Abstract: Under the provisions of Internal Revenue Code Section 
(IRC Sec.  ) 6039E, Information Concerning Resident Status, individuals 
are required to provide certain information (see IRC Sec.  6039E(b)) 
with their application for a U.S. passport or with their application 
for permanent U.S. residence. This form is an attachment to Letter 4318 
to inform the individual about the IRC provisions, the penalty, and to 
request them to complete this form and return it to the IRS.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 2,000.

    OMB Number: 1545-2221.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Form 1098-MA--Mortgage Assistance Payments.
    Form: 13997.
    Abstract: Information is needed to identify taxpayers who may not 
be taking a correct mortgage interest deduction, since mortgage 
servicers processing mortgage payments may not be able to segregate 
payments received from government funds versus payments made by 
individual mortgagees.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Annual Burden Hours: 170,000.

    Dated: July 27, 2015.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2015-18703 Filed 7-29-15; 8:45 am]
 BILLING CODE 4830-01-P
45588 Federal Register / Vol. 80, No. 146 / Thursday, July 30, 2015 / Notices

advertising practices, the Federal and processed tobacco are required to of the information collection, including
Alcohol Administration Act at 27 U.S.C. account for the importation and suggestions for reducing the burden, to
205(e) requires that alcohol beverages disposition of such products on a (1) Office of Information and Regulatory
sold or introduced into interstate or monthly basis so TTB may determine if Affairs, Office of Management and
foreign commerce be labeled in tobacco products or processed tobacco Budget, Attention: Desk Officer for
conformity with regulations issued by are being diverted for illegal purposes Treasury, New Executive Office
the Secretary of the Treasury. Further, and to ensure that holders of basic Building, Room 10235, Washington, DC
the producer, bottler, or importer of permits are engaging in the operations 20503, or email at OIRA_Submission@
alcohol beverages must receive approval stated on their basic permit. OMB.EOP.gov and (2) Treasury PRA
of the label for such products from TTB Affected Public: Private Sector: Clearance Officer, 1750 Pennsylvania
prior to their introduction into Businesses or other for-profits. Ave. NW., Suite 8140, Washington, DC
commerce. TTB F 5100.31 is a dual-use Estimated Annual Burden Hours: 20220, or email at PRA@treasury.gov.
form; industry members use it to request 3,696. FOR FURTHER INFORMATION CONTACT:
and to obtain the required label OMB Number: 1513–0118. Copies of the submission(s) may be
approval. The form serves as both an Type of Review: Revision of a obtained by email at PRA@treasury.gov
application for and, if approved by TTB, currently approved collection. or the entire information collection
a certificate of label approval (or Title: Formulas for Fermented request may be found at
exemption from a certificate of label Beverage Products, TTB REC 5052/1. www.reginfo.gov.
approval). Abstract: Section 5052 of the Internal SUPPLEMENTARY INFORMATION:
Affected Public: Private Sector: Revenue Code of 1986 (IRC; 26 U.S.C.
Businesses or other for-profits. 5052) defines the term ‘‘beer’’ to Internal Revenue Service (IRS)
Estimated Annual Burden Hours: include, among other things, certain OMB Number: 1545–0430.
73,596. traditional products such as beer, ale, Type of Review: Extension without
OMB Number: 1513–0052. porter, and stout. The TTB regulations change of a previously approved
Type of Review: Extension without require brewers to file formulas for collection.
change of a currently approved certain non-traditional fermented Title: Request for Prompt Assessment
collection. products, including products to which Under Internal Revenue Code Section
Title: Alcohol Fuel Plants (AFP) flavors, colorings, or other nonbeverage 6501(d).
Records, Reports, and Notices (REC ingredients are added (see 27 CFR Form: 4810.
5110/10). 25.55). As needed, brewers file a Abstract: Form 4810 is used to request
Form: TTB F 5110.75. formula as written notice, and the TTB a prompt assessment under IRC Section
Abstract: To safeguard Federal regulations provide that a brewer 6501(d). IRS uses this form to locate the
alcohol excise tax revenue, 26 U.S.C. operating multiple breweries may file a return to expedite processing of the
5181 and 5207 require that a proprietor single formula to cover the production taxpayer’s request.
of an alcohol fuel plant (AFP) make of a specified fermented product at all Affected Public: Private Sector:
such application, maintain such of their breweries. Businesses or other for-profits.
records, and render such reports as the Affected Public: Private Sector: Estimated Annual Burden Hours:
Secretary of the Treasury shall Businesses or other for-profits. 24,800.
prescribe. The TTB regulations in 27 Estimated Annual Burden Hours: OMB Number: 1545–1018.
CFR, part 19, subpart X, implement 1,326. Type of Review: Extension without
those statutory requirements. The Dated: July 27, 2015. change of a previously approved
information collected under these Dawn D. Wolfgang, collection.
regulations is necessary to identify and Title: FI–27–89 (Temporary and Final)
Treasury PRA Clearance Officer.
determine that persons are qualified to Real Estate Mortgage Investment
[FR Doc. 2015–18644 Filed 7–29–15; 8:45 am]
produce alcohol for fuel purposes, to Conduits; Reporting Requirements and
account for distilled spirits produced BILLING CODE 4810–31–P
Other Administrative Matters; FI–61–91
and verify its proper disposition, to (Final) Allocation of Allocable
keep registrations current, and to Investment.
DEPARTMENT OF THE TREASURY
evaluate permissible variations from Abstract: The regulations prescribe
prescribed procedures. Submission for OMB Review; the manner in which an entity elects to
Affected Public: Private Sector: Comment Request be taxed as a real estate mortgage
Businesses or other for-profits; farms. investment conduit (REMIC) and the
Estimated Annual Burden Hours: AGENCY: Department of the Treasury. filing requirements for REMICs and
2,784. ACTION: Notice. certain brokers.
OMB Number: 1513–0107. Affected Public: Private Sector:
The Department of the Treasury will Businesses or other for-profits.
Type of Review: Revision of a
submit the following information Estimated Annual Burden Hours: 978.
currently approved collection.
Title: Monthly Report—Importer of collection requests to the Office of
OMB Number: 1545–1231.
Tobacco Products or Processed Tobacco. Management and Budget (OMB) for Type of Review: Extension without
Form: TTB F 5220.6. review and clearance in accordance change of a previously approved
Abstract: Reports on the importation with the Paperwork Reduction Act of collection.
1995, Public Law 104–13, on or after the
Lhorne on DSK7TPTVN1PROD with NOTICES

and disposition of tobacco products and Title: TD 9436—Tax Return Preparer
processed tobacco are used, along with date of publication of this notice. Penalties Under Sections 6694 and
other information, to determine whether DATES: Comments should be received on 6695.
those persons issued the permits or before August 31, 2015 to be assured Abstract: This information is
required by 26 U.S.C. 5713 are of consideration. necessary to make the record of the
complying with TTB regulations. Those ADDRESSES: Send comments regarding name, taxpayer identification number,
engaged in importing tobacco products the burden estimate, or any other aspect and principal place of work of each tax

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Federal Register / Vol. 80, No. 146 / Thursday, July 30, 2015 / Notices 45589

return preparer, make each return or Abstract: Section 884 of the American 6039E, Information Concerning Resident
claim for refund prepared available for Jobs Creation Act of 1004 (Pub. L. 108– Status, individuals are required to
inspection by the Commissioner of 357) added paragraph 12 to section provide certain information (see IRC
Internal Revenue, and to document that 170(f) for contributions of used motor § 6039E(b)) with their application for a
the tax return preparer advised the vehicles, boats, and airplanes. Section U.S. passport or with their application
taxpayer of the penalty standards 170(f)(12) requires that a donee for permanent U.S. residence. This form
applicable to the taxpayer in order for organization provide an is an attachment to Letter 4318 to
the tax return preparer to avoid acknowledgement to the donor of this inform the individual about the IRC
penalties under section 6694. These type of property and is required to file provisions, the penalty, and to request
regulations implements amendments to the same information to the Internal them to complete this form and return
the tax return preparer penalties under Revenue Service. Form 1098–C may be it to the IRS.
sections 6694 and 6695 of the Internal used as the acknowledgement and it, or Affected Public: Individuals or
Revenue Code and related provisions an acceptable substitute, must be filed Households.
under sections 6060, 6107, 6109, 6696, with the IRS. Estimated Annual Burden Hours:
and 7701(a)(36) reflecting amendments Affected Public: Private Sector: Not- 2,000.
to the Code made by section 8246 of the for-profit institutions. OMB Number: 1545–2221.
Small Business and Work Opportunity Estimated Annual Burden Hours: Type of Review: Extension without
Tax Act of 2007 and section 506 of the 46,810. change of a previously approved
Tax Extenders and Alternative OMB Number: 1545–1992. collection.
Minimum Tax Relief Act of 2008. Type of Review: Revision of a Title: Form 1098–MA—Mortgage
Affected Public: Private Sector: previously approved collection. Assistance Payments.
Businesses or other for-profits. Title: TD 9324 (Final)—Designated Form: 13997.
Estimated Annual Burden Hours: Roth Contributions Under Section 402A Abstract: Information is needed to
10,679,320. (REG–146459–05). identify taxpayers who may not be
OMB Number: 1545–1290. Abstract: The final regulations set taking a correct mortgage interest
Type of Review: Extension without forth the rules for taxation of deduction, since mortgage servicers
change of a previously approved distributions from Designated Roth processing mortgage payments may not
collection. Accounts which are a part of a 401(k) be able to segregate payments received
Title: TD 8513—Bad Debt Reserves of plan or 403(b) plan. from government funds versus
Banks. Affected Public: Private Sector: payments made by individual
Abstract: Section 585(c) of the Businesses or other for-profits. mortgagees.
Internal Revenue Code requires large Estimated Annual Burden Hours: Affected Public: State, Local, and
banks to change from the reserve 828,000. Tribal Governments.
method of accounting to the specific OMB Number: 1545–2120. Estimated Annual Burden Hours:
charge off method of accounting for bad Type of Review: Extension without 170,000.
debts. The information required by change of a previously approved Dated: July 27, 2015.
section 1.585–8 of the regulations collection. Dawn D. Wolfgang,
identifies any election made or revoked Title: Revenue Procedures 2008–60, Treasury PRA Clearance Officer.
by the taxpayer in accordance with 2012–27: Election Involving the Repeal
[FR Doc. 2015–18703 Filed 7–29–15; 8:45 am]
section 585(c). of the Bonding Requirement under
BILLING CODE 4830–01–P
Affected Public: Private Sector: § 42(j)(6).
Businesses or other for-profits. Abstract: This revenue procedure
Estimated Annual Burden Hours: 625. affects taxpayers who are maintaining a
DEPARTMENT OF THE TREASURY
OMB Number: 1545–1725. surety bond or a Treasury Direct
Type of Review: Extension without Account (TDA) to satisfy the low- Submission for OMB Review;
change of a previously approved income housing tax credit recapture Comment Request
collection. exception in § 42(j)(6) of the Internal
Title: REG–146097–09 (Final) Revenue Code, as in effect on or before AGENCY: Department of the Treasury.
Guidance on Reporting Interest Paid to July 30, 2008. This revenue procedure ACTION: Notice.
Nonresident Aliens. provides the procedures for taxpayers to
Abstract: This document contains follow when making the election under SUMMARY: The Department of the
final regulations that provide guidance section 3004(i)(2)(B)(ii) of the Housing Treasury will submit the following
on the reporting requirements for Assistance Tax Act of 2008 (Pub. L. information collection request to the
interest on deposits maintained at the 110–289) to no longer maintain a surety Office of Management and Budget
U.S. office of certain financial bond or a TDA to avoid recapture. (OMB) for review and clearance in
institutions and paid to nonresident Affected Public: Individuals or accordance with the Paperwork
alien individuals. These regulations Households. Reduction Act of 1995, Public Law 104–
affect persons making payments of Estimated Annual Burden Hours: 13, on or after the date of publication of
interest with respect to such a deposit. 7,810. this notice.
Affected Public: Private Sector: OMB Number: 1545–2144. DATES: Comments should be received on
Businesses or other for-profits. Type of Review: Extension without or before August 31, 2015 to be assured
Lhorne on DSK7TPTVN1PROD with NOTICES

Estimated Annual Burden Hours: 500. change of a previously approved of consideration.
OMB Number: 1545–1959. collection. ADDRESSES: Send comments regarding
Type of Review: Revision of a Title: Validating Your TIN and the burden estimate, or any other aspect
previously approved collection. Reasonable Cause. of the information collection, including
Title: Contributions of Motor Form: 13997. suggestions for reducing the burden, to
Vehicles, Boats, and Airplanes. Abstract: Under the provisions of (1) Office of Information and Regulatory
Form: 1098–C. Internal Revenue Code Section (IRC § ) Affairs, Office of Management and

VerDate Sep<11>2014 14:54 Jul 29, 2015 Jkt 235001 PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 E:\FR\FM\30JYN1.SGM 30JYN1
Document Created: 2018-02-23 09:30:06
Document Modified: 2018-02-23 09:30:06
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 August 31, 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 45588