80 FR 45588 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 146 (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.

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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 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