80 FR 45716 - Proposed Information Collection; Comment Request

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 147 (July 31, 2015)

Page Range		45716-45717
FR Document		2015-18811

The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).

Federal Register, Volume 80 Issue 147 (Friday, July 31, 2015)

[Federal Register Volume 80, Number 147 (Friday, July 31, 2015)]
[Notices]
[Pages 45716-45717]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-18811]



[[Page 45716]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Information Collection; Comment Request

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)).

DATES: Written comments should be received on or before September 29, 
2015 to be assured of consideration.

ADDRESSES: Direct all written comments to Christie A. Preston, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224. Please send separate comments for each specific information 
collection listed below. You must reference the information 
collection's title, form number, reporting or record-keeping 
requirement number, and OMB number (if any) in your comment.

FOR FURTHER INFORMATION CONTACT: To obtain additional information, or 
copies of the information collection and instructions, or copies of any 
comments received, contact Elaine Christophe, at Internal Revenue 
Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, 
or through the Internet, at Elaine.H.Christophe@irs.gov.

SUPPLEMENTARY INFORMATION:

Request for Comments

    The Department of the Treasury and the Internal Revenue Service, as 
part of their continuing effort to reduce paperwork and respondent 
burden, invite the general public and other Federal agencies to take 
this opportunity to comment on the proposed or continuing information 
collections listed below in this notice, as required by the Paperwork 
Reduction Act of 1995, (44 U.S.C. 3501 et seq.).
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in our request for Office of 
Management and Budget (OMB) approval of the relevant information 
collection. All comments will become a matter of public record. Please 
do not include any confidential or inappropriate material in your 
comments.
    We invite comments on: (a) Whether the collection of information is 
necessary for the proper performance of the agency's functions, 
including whether the information has practical utility; (b) the 
accuracy of the agency's estimate of the burden of the collection of 
information; (c) ways to enhance the quality, utility, and clarity of 
the information to be collected; (d) ways to minimize the burden of the 
collection of information on respondents, including the use of 
automated collection techniques or other forms of information 
technology; and (e) estimates of capital or start-up costs and costs of 
operation, maintenance, and purchase of services to provide the 
requested information. Currently, the IRS is seeking comments 
concerning the following forms, and reporting and record-keeping 
requirements:
    1. Title: Form 5310, Application for Determination for Terminating 
Plan, and Form 6088, Distributable Benefits from Employee Pension 
Benefit Plans.
    OMB Number: 1545-0202.
    Form Number: Forms 5310 and 6088.
    Abstract: Employers who have qualified deferred compensation plans 
can take an income tax deduction for contributions to their plans. Form 
5310 is used to request an IRS determination letter about the plan's 
qualification status (qualified or non-qualified) under Internal 
Revenue Code section 401(a). Form 6088 is used to show the amounts of 
distributable benefits to participants in the plan.
    Current Actions: There are no changes being made to the forms at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Responses: 40,000.
    Estimated Time per Response: 109.04 hours.
    Estimated Total Annual Burden Hours: 1,718,300.
    2. Title: CO-68-87 and CO-69-87 (TD 8352), Final Regulations Under 
Sections 382 and 383 of the Internal Revenue Code of 1986; Pre-change 
Attributes, and CO-18-90 (TD 8531), Final Regulations Under Section 382 
of the Internal Revenue Code of 1986; Limitations on Corporate Net 
Operating Loss Carryforwards.
    OMB Number: 1545-1120.
    Regulation Project Number: CO-68-87; CO-69-87; CO-18-90.
    Abstract: (CO-68-87 and CO-69-87) These regulations require 
reporting by a corporation after it undergoes an ``ownership change'' 
under Code sections 382 and 383. Corporations required to report under 
these regulations include those with capital loss carryovers and excess 
credits. (CO-18-90) These regulations provide rules for the treatment 
of options under Code section 382 for purposes of determining whether a 
corporation undergoes an ownership change. The regulation allows for 
certain elections for corporations whose stock is subject to options.
    Current Actions: There is no change to these existing regulations.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 75,150.
    Estimated Time per Respondent: 2 hours, 56 minutes.
    Estimated Total Annual Burden Hours: 220,575.
    3. Title: Allocations of Income and Deductions Among Taxpayers.
    OMB Number: 1545-1503.
    Revenue Procedure Number: Revenue Procedures 2006-09.
    Abstract: The information requested in these revenue procedures is 
required to enable the Internal Revenue Service to give advice on 
filing Advance Pricing Agreement applications, to process such 
applications, to process such applications and negotiate agreements, 
and to verify compliance with the agreements and whether the agreements 
require modification.
    Current Actions: There are no changes being made to the revenue 
procedures at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 360.
    Estimated Time Per Respondent: 32 hours., 49 minutes.
    Estimated Total Annual Burden Hours: 8,200.
    4. Title: Reporting Requirements for Widely Held Fixed Investment 
Trusts.
    OMB Number: 1545-1540.
    Regulation Project Number: REG-125071-06 (TD 9308).
    Abstract: Under regulation section 1.671-5, the trustee or the 
middleman who holds an interest in a widely held

[[Page 45717]]

fixed investment trust for an investor will be required to provide a 
Form 1099 to the IRS and a tax information statement to the investor. 
The trust is also required to provide more detailed tax information to 
middlemen and certain other persons, upon request.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 1,200.
    Estimated Time per Respondent: 2 hours.
    Estimated Total Annual Burden Hours: 2,400.
    5. Title: Credit for Small Employer Pension Plan Startup Costs.
    OMB Number: 1545-1810.
    Form Number: 8881.
    Abstract: Qualified small employers use Form 8881 to request a 
credit for start-up costs related to eligible retirement plans. Form 
8881 implements section 45E, which provides a credit based on costs 
incurred by an employer in establishing or administering an eligible 
employer plan or for the retirement-related education of employees with 
respect to the plan. The credit is 50% of the qualified costs for the 
tax year, up to a maximum credit of $500 for the first tax year and 
each of the two subsequent tax years.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 66,667.
    Estimated Time per Respondent: 3 hours, 32 minutes.
    Estimated Total Annual Burden Hours: 235,335.
    6. Title: Charitable Contributions of Certain Motor Vehicles, Boats 
and Airplanes, reporting Requirements under Sec.  170(f)(12)(D).
    OMB Number: 1545-1980.
    Notice Number: Notice 2007-70.
    Abstract: Charitable organizations are required to send an 
acknowledgement of car donations to the donor and to the Service. The 
purpose of is to prevent donors from taking inappropriate deductions.
    Current Actions: There are no changes being made to the notice at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Not-for-profit institutions, Individuals or 
Households.
    Estimated Number of Respondents: 4,300.
    Estimated Average Time per Respondent: 5 hrs. 6 min.
    Estimated Total Annual Burden Hours: 21,930.
    7. Title: Permitted Elimination of Preretirement Optional Forms of 
Benefit.
    OMB Number: 1545-1545.
    Regulation Project Number: REG-107644-97 (TD 8769).
    Abstract: This regulation permits an amendment of a qualified plan 
or other employee pension benefit plan that eliminates plan provisions 
for benefit distributions before retirement age but after age 70\1/2\. 
The regulation affects employers that maintain qualified plans and 
other employee pension benefit plans, plan administrators of these 
plans and participants in these plans.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations and 
not-for-profit institutions.
    Estimated Number of Respondents: 135,000.
    Estimated Average Time per Respondent: 22 min.
    Estimated Total Annual Burden Hours: 48,800.
    8. Title: Travel Expenses of State Legislators.
    OMB Number: 1545-2115.
    Form Number: T.D. 9481
    Abstract: This document contains final regulations relating to 
travel expenses of state legislators while away from home. The 
regulations affect eligible state legislators who make the election 
under section 162(h) of the Internal Revenue Code (Code). The 
regulations clarify the amount of travel expenses that a state 
legislator may deduct under section 162(h).
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals and Households.
    Estimated Number of Respondents: 7400.
    Estimated Time per Respondent: .50 hours.
    Estimated Total Annual Burden Hours: 3700.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.

    Approved: July 28, 2015.
Christie A. Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-18811 Filed 7-30-15; 8:45 am]
 BILLING CODE 4830-01-P

45716 Federal Register / Vol. 80, No. 147 / Friday, July 31, 2015 / Notices

Dated: July 21, 2015. Request for Comments: Comments Limitations on Corporate Net Operating
Dorothy A. Harbison, submitted in response to this notice will Loss Carryforwards.
Acting Department I Manager, Examinations be summarized and/or included in our OMB Number: 1545–1120.
Operations—Philadelphia Compliance request for Office of Management and Regulation Project Number: CO–68–
Services. Budget (OMB) approval of the relevant 87; CO–69–87; CO–18–90.
[FR Doc. 2015–18813 Filed 7–30–15; 8:45 am] information collection. All comments Abstract: (CO–68–87 and CO–69–87)
BILLING CODE 4830–01–P will become a matter of public record. These regulations require reporting by a
Please do not include any confidential corporation after it undergoes an
or inappropriate material in your ‘‘ownership change’’ under Code
DEPARTMENT OF THE TREASURY comments. sections 382 and 383. Corporations
We invite comments on: (a) Whether required to report under these
Internal Revenue Service the collection of information is regulations include those with capital
necessary for the proper performance of loss carryovers and excess credits. (CO–
Proposed Information Collection; 18–90) These regulations provide rules
Comment Request the agency’s functions, including
whether the information has practical for the treatment of options under Code
AGENCY: Internal Revenue Service (IRS), utility; (b) the accuracy of the agency’s section 382 for purposes of determining
Treasury. estimate of the burden of the collection whether a corporation undergoes an
ACTION: Notice and request for of information; (c) ways to enhance the ownership change. The regulation
comments. quality, utility, and clarity of the allows for certain elections for
information to be collected; (d) ways to corporations whose stock is subject to
SUMMARY: The Department of the minimize the burden of the collection of options.
Treasury, as part of its continuing effort information on respondents, including Current Actions: There is no change to
to reduce paperwork and respondent the use of automated collection these existing regulations.
burden, invites the general public and techniques or other forms of information Type of Review: Extension of a
other Federal agencies to take this technology; and (e) estimates of capital currently approved collection.
opportunity to comment on proposed or start-up costs and costs of operation, Affected Public: Business or other for-
and/or continuing information maintenance, and purchase of services profit organizations.
collections, as required by the to provide the requested information. Estimated Number of Respondents:
Paperwork Reduction Act of 1995, Currently, the IRS is seeking comments 75,150.
Public Law 104–13 (44 U.S.C. concerning the following forms, and Estimated Time per Respondent: 2
3506(c)(2)(A)). reporting and record-keeping hours, 56 minutes.
DATES: Written comments should be requirements: Estimated Total Annual Burden
received on or before September 29, 1. Title: Form 5310, Application for Hours: 220,575.
2015 to be assured of consideration. Determination for Terminating Plan, 3. Title: Allocations of Income and
and Form 6088, Distributable Benefits Deductions Among Taxpayers.
ADDRESSES: Direct all written comments
OMB Number: 1545–1503.
to Christie A. Preston, Internal Revenue from Employee Pension Benefit Plans.
Revenue Procedure Number: Revenue
Service, Room 6129, 1111 Constitution OMB Number: 1545–0202.
Procedures 2006–09.
Avenue NW., Washington, DC 20224. Form Number: Forms 5310 and 6088. Abstract: The information requested
Please send separate comments for each Abstract: Employers who have in these revenue procedures is required
specific information collection listed qualified deferred compensation plans to enable the Internal Revenue Service
below. You must reference the can take an income tax deduction for to give advice on filing Advance Pricing
information collection’s title, form contributions to their plans. Form 5310 Agreement applications, to process such
number, reporting or record-keeping is used to request an IRS determination applications, to process such
requirement number, and OMB number letter about the plan’s qualification applications and negotiate agreements,
(if any) in your comment. status (qualified or non-qualified) under and to verify compliance with the
FOR FURTHER INFORMATION CONTACT: To Internal Revenue Code section 401(a). agreements and whether the agreements
obtain additional information, or copies Form 6088 is used to show the amounts require modification.
of the information collection and of distributable benefits to participants Current Actions: There are no changes
instructions, or copies of any comments in the plan. being made to the revenue procedures at
received, contact Elaine Christophe, at Current Actions: There are no changes this time.
Internal Revenue Service, Room 6129, being made to the forms at this time. Type of Review: Extension of a
1111 Constitution Avenue NW., Type of Review: Extension of a currently approved collection.
Washington, DC 20224, or through the currently approved collection. Affected Public: Business or other for-
Internet, at Elaine.H.Christophe@irs.gov. Affected Public: Business or other for- profit organizations.
SUPPLEMENTARY INFORMATION: profit organizations. Estimated Number of Respondents:
Estimated Number of Responses: 360.
Request for Comments 40,000. Estimated Time Per Respondent: 32
The Department of the Treasury and Estimated Time per Response: 109.04 hours., 49 minutes.
the Internal Revenue Service, as part of hours. Estimated Total Annual Burden
their continuing effort to reduce Estimated Total Annual Burden
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Hours: 8,200.
paperwork and respondent burden, Hours: 1,718,300. 4. Title: Reporting Requirements for
invite the general public and other 2. Title: CO–68–87 and CO–69–87 (TD Widely Held Fixed Investment Trusts.
Federal agencies to take this 8352), Final Regulations Under Sections OMB Number: 1545–1540.
opportunity to comment on the 382 and 383 of the Internal Revenue Regulation Project Number: REG–
proposed or continuing information Code of 1986; Pre-change Attributes, 125071–06 (TD 9308).
collections listed below in this notice, and CO–18–90 (TD 8531), Final Abstract: Under regulation section
as required by the Paperwork Reduction Regulations Under Section 382 of the 1.671–5, the trustee or the middleman
Act of 1995, (44 U.S.C. 3501 et seq.). Internal Revenue Code of 1986; who holds an interest in a widely held

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Federal Register / Vol. 80, No. 147 / Friday, July 31, 2015 / Notices 45717

fixed investment trust for an investor Estimated Average Time per of information must be retained as long
will be required to provide a Form 1099 Respondent: 5 hrs. 6 min. as their contents may become material
to the IRS and a tax information Estimated Total Annual Burden in the administration of any internal
statement to the investor. The trust is Hours: 21,930. revenue law. Generally, tax returns and
also required to provide more detailed 7. Title: Permitted Elimination of tax return information are confidential,
tax information to middlemen and Preretirement Optional Forms of as required by 26 U.S.C. 6103.
certain other persons, upon request. Benefit. Approved: July 28, 2015.
Current Actions: There is no change to OMB Number: 1545–1545.
Christie A. Preston,
this existing regulation. Regulation Project Number: REG–
Type of Review: Extension of a 107644–97 (TD 8769). IRS Reports Clearance Officer.
currently approved collection. Abstract: This regulation permits an [FR Doc. 2015–18811 Filed 7–30–15; 8:45 am]
Affected Public: Business or other for- amendment of a qualified plan or other BILLING CODE 4830–01–P
profit organizations. employee pension benefit plan that
Estimated Number of Respondents: eliminates plan provisions for benefit
1,200. distributions before retirement age but DEPARTMENT OF VETERANS
Estimated Time per Respondent: 2 after age 701⁄2. The regulation affects AFFAIRS
hours. employers that maintain qualified plans
Estimated Total Annual Burden and other employee pension benefit National Research Advisory Council;
Hours: 2,400. plans, plan administrators of these plans Notice of Meeting
5. Title: Credit for Small Employer and participants in these plans.
Pension Plan Startup Costs. Current Actions: There is no change to The Department of Veterans Affairs
OMB Number: 1545–1810. this existing regulation. (VA) gives notice under the Federal
Form Number: 8881. Type of Review: Extension of a Advisory Committee Act, 5 U.S.C. App.
Abstract: Qualified small employers 2, that the National Research Advisory
currently approved collection.
use Form 8881 to request a credit for Council will hold a meeting on
Affected Public: Business or other for-
start-up costs related to eligible Wednesday, September 2, 2015, at 810
profit organizations and not-for-profit
retirement plans. Form 8881 Vermont Avenue NW., Room 730,
institutions.
implements section 45E, which Estimated Number of Respondents: Washington, DC. The meeting will
provides a credit based on costs 135,000. convene at 9:00 a.m. and end at 3:00
incurred by an employer in establishing Estimated Average Time per p.m., and is open to the public. Anyone
or administering an eligible employer Respondent: 22 min. attending must show a valid photo ID to
plan or for the retirement-related Estimated Total Annual Burden building security and be escorted to the
education of employees with respect to Hours: 48,800. meeting. Please allow 15 minutes before
the plan. The credit is 50% of the 8. Title: Travel Expenses of State the meeting begins for this process.
qualified costs for the tax year, up to a Legislators. The agenda will include a
maximum credit of $500 for the first tax OMB Number: 1545–2115. presentation on the Communications
year and each of the two subsequent tax Form Number: T.D. 9481 Strategic Plan and the status of the VA
years. Abstract: This document contains Research Facilities Infrastructure.
Current Actions: There are no changes final regulations relating to travel No time will be allocated at this
being made to the form at this time. expenses of state legislators while away meeting for receiving oral presentations
Type of Review: Extension of a from home. The regulations affect from the public. Members of the public
currently approved collection. eligible state legislators who make the wanting to attend, or needing further
Affected Public: Business or other for- information may contact Pauline
election under section 162(h) of the
profit organizations. Cilladi-Rehrer, Designated Federal
Internal Revenue Code (Code). The
Estimated Number of Respondents: Officer, ORD (10P9), Department of
regulations clarify the amount of travel
66,667. Veterans Affairs, 810 Vermont Avenue
Estimated Time per Respondent: 3 expenses that a state legislator may
deduct under section 162(h). NW., Washington, DC 20420, at (202)
hours, 32 minutes.
Estimated Total Annual Burden Current Actions: There is no change 443–5607, or by email at pauline.cilladi-
Hours: 235,335. in the paperwork burden previously rehrer@va.gov. at least 5 days prior to
6. Title: Charitable Contributions of approved by OMB. the meeting date.
Certain Motor Vehicles, Boats and Type of Review: Extension of a Dated: July 28, 2015.
Airplanes, reporting Requirements currently approved collection. Rebecca Schiller,
under § 170(f)(12)(D). Affected Public: Individuals and
Advisory Committee Management Officer.
OMB Number: 1545–1980. Households.
[FR Doc. 2015–18802 Filed 7–30–15; 8:45 am]
Notice Number: Notice 2007–70. Estimated Number of Respondents:
7400. BILLING CODE 8320–01–P
Abstract: Charitable organizations are
required to send an acknowledgement of Estimated Time per Respondent: .50
car donations to the donor and to the hours.
Estimated Total Annual Burden DEPARTMENT OF VETERANS
Service. The purpose of is to prevent AFFAIRS
donors from taking inappropriate Hours: 3700.
The following paragraph applies to all
asabaliauskas on DSK5VPTVN1PROD with NOTICES

deductions. Solicitation of Nominations for
Current Actions: There are no changes of the collections of information covered Appointment to the Veterans Rural
being made to the notice at this time. by this notice: Health Advisory Committee
Type of Review: Extension of a An agency may not conduct or
currently approved collection. sponsor, and a person is not required to ACTION: Notice.
Affected Public: Not-for-profit respond to, a collection of information
institutions, Individuals or Households. unless the collection of information SUMMARY: The Department of Veterans
Estimated Number of Respondents: displays a valid OMB control number. Affairs (VA), Office of Rural Health, is
4,300. Books or records relating to a collection seeking nominations of qualified

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Document Created: 2015-12-15 12:59:48
Document Modified: 2015-12-15 12:59:48

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 and request for comments.
Dates		Written comments should be received on or before September 29, 2015 to be assured of consideration.
Contact		To obtain additional information, or copies of the information collection and instructions, or copies of any comments received, contact Elaine Christophe, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet, at [email protected]
FR Citation		80 FR 45716

80 FR 45716 - Proposed Information Collection; Comment Request

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 147 (July 31, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service