80 FR 74219 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 228 (November 27, 2015)

[Federal Register Volume 80, Number 228 (Friday, November 27, 2015)]
[Notices]
[Pages 74219-74221]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-30178]


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

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 December 28, 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: 1545-0432.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Request for Discharge from Personal Liability Under Internal 
Revenue Code Section 2204 or 6905.
    Form: 5495.
    Abstract: Form 5495 provides guidance under sections 2204 and 6905 
for executors of estates and fiduciaries of decedent's trusts. The 
form, filed after regular filing of an Estate, Gift, or Income Tax 
Return for a Decedent, is used by the executor or fiduciary to request 
discharge from personal liability for any deficiency for the tax and 
periods shown on the form.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 306,500.

    OMB Number: 1545-0973.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Geographic Availability Statement.
    Form: 8569.
    Abstract: The data collected from this form is used by the 
executive panels responsible for screening internal and external 
applicants for the SES Candidate Development Program, and other 
executive position.

[[Page 74220]]

    Affected Public: Individuals and Households.
    Estimated Annual Burden Hours: 84.

    OMB Number: 1545-1251.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 8437--Limitations on Percentage Depletion in the Case of 
Oil and Gas Wells.
    Abstract: Section 1.613A-3(e)(6)(i) of the regulations requires 
each partner to separately keep records of the partner's share of the 
adjusted basis of partnership oil and gas property.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 49,550.

    OMB Number: 1545-1344.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 8560 (CO-30-92) Consolidated Returns--Stock Basis and 
Excess Loss Accounts, Earnings and Profits, Absorption of Deductions 
and Losses, Joining and Leaving Consolidated Groups, Worthless (Final),
    Abstract: The reporting requirements affect consolidated taxpayers 
who will be making elections (if made) to treat certain loss carryovers 
as expiring and an election (if made) allocating items between returns. 
The information will facilitate enforcement of consolidated return 
regulations.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 18,600.

    OMB Number: 1545-1499.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Revenue Procedure 2006-10, Acceptance Agents.
    Abstract: Revenue Procedure 2006-10 describes application 
procedures for becoming an acceptance agent and the requisite agreement 
that an agent must execute with IRS.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 24,960.

    OMB Number: 1545-1541.
    Type of Review: Revision of a previously approved collection.
    Title: Revenue Procedure 97-27, Changes in Methods of Accounting.
    Abstract: The information requested in sections 6, 8, and 13 of 
Revenue Procedure 97-27 is required in order for the Commissioner to 
determine whether the taxpayer is properly requesting to change its 
method of accounting and the terms and condition of that change.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 9,083.

    OMB Number: 1545-1545.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 8769--(REG-107644-97) Permitted Elimination of Pre-
retirement Optional Forms of Benefit.
    Abstract: The final regulations permit taxpayers to amend qualified 
plans to eliminate plan provisions for benefit distributions before 
retirement but after age 70-1/2, if certain conditions are satisfied.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 48,800.

    OMB Number: 1545-1674.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Revenue Procedure 2015-36 Master and Prototype and Volume 
Submitter Plans (previously Rev. Proc. 2011-49 & 2005-16).
    Abstract: This revenue procedure modifies Rev. Proc. 2011-49, 2011-
44 I.R.B. 608. Rev. Proc. 2011-49 sets forth the procedures for issuing 
opinion and advisory letters regarding the acceptability under 
Sec. Sec.  401 and 403(b) of the form of pre-approved plans (that it, 
master and prototype (M&P) and volume submitter (VS) plans. Rev. Proc. 
2011-49 provided that the procedures for applying for opinion and 
advisory letters will be updated from time to time. This revenue 
procedure expands the scope of the pre-approved program to include 
defined benefit plans containing cash balance features and defined 
contribution plans containing employee stock ownership plan (ESOP) 
features. Plans with these types of features have been previously 
excluded from the pre-approved program. This revenue procedure also 
reflects changes that were made to the determination letter program to 
eliminate features that were of limited usefulness to sponsors and to 
improve program efficiency by reducing the time it takes to process 
determination letter requests.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 988,290.

    OMB Number: 1545-1828.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 9048; 9254--Guidance under Section 1502; Suspension of 
Losses on Certain Stock Disposition (REG-131478-02).
    Abstract: The information in Sec. 1.1502-35(c) is necessary to 
ensure that a consolidated group does not obtain more than one tax 
benefit from both the utilization of a loss from the disposition of 
stock and the utilization of a loss or deduction with respect to 
another asset that reflects the same economic loss; to allow the 
taxpayer to make an election under Sec. 1.1502-35(c)(5) that would 
benefit the taxpayer, the election in Sec. 1.1502-35(f) provides 
taxpayers the choice in the case of a worthless subsidiary to utilize a 
worthless stock deduction or absorb the subsidiary's losses; and Sec. 
1.1502-35(g)(3) applies to ensure that taxpayers do not circumvent the 
loss suspension rule of Sec.  1.1502-35(c) by deconsolidating a 
subsidiary and then re-importing to the group losses of such 
subsidiary.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 15,000.

    OMB Number: 1545-1841.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 9142 (Final), Deemed IRAs in Qualified Retirement Plans 
(REG-157302-02).
    Abstract: Section 408(q), added to the Internal Revenue Code by 
section 602 of the Economic Growth and Tax Relief Reconciliation Act of 
2001, provides that separate accounts and annuities may be added to 
qualified employer plans and deemed to be individual retirement 
accounts and individual retirement annuities if certain requirements 
are met. Section 1.408(q)-1(f)(2) provides that these deemed IRAs must 
be held in a trust or annuity contract separate from the trust or 
annuity contract of the qualified employer plan. This collection of 
information is required to ensure that the separate requirements of 
qualified employer plans.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 40,000.

    OMB Number: 1545-1969.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Form 13751-Waiver of Right to Consistent Agreement of 
Partnership Items and Partnership-Level Determinations as to Penalties, 
Additions to Tax, and Additional Amounts.
    Form: 13751.
    Abstract: Per the IRS Global Settlement Initiative, the information

[[Page 74221]]

requested on Form 13751 will be used to determine the eligibility for 
participation in the settlement initiative of taxpayers related through 
TEFRA (Tax Equity and Fiscal Responsibility Act of 1982) partnerships 
to ineligible applicants. Such determinations will involve partnership 
items and partnership-level determinations, as well as the calculation 
of tax liabilities resolved under this initiative, including penalties 
and interest.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 100.

    OMB Number: 1545-1986.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Notice 2006-47, Elections Created or Effected by the 
American Jobs Creation Act of 2004.
    Abstract: The collection of information will enable the Internal 
Revenue Service to ensure that the eligibility requirements for the 
various elections or revocations have been satisfied and are in 
compliance with the requisite sections.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 3,034,765.

    OMB Number: 1545-1990.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Application of Section 338 to Insurance Companies.
    Abstract: These regulations will allow companies to retroactively 
apply the regulations to transactions completed prior to the effective 
data and to stop an election to use a historic loss payment pattern.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 12.

    OMB Number: 1545-2115.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 9481--Travel Expenses of State Legislators (REG-119518-
07).
    Abstract: This document contains regulations relating to travel 
expenses of state legislators. The regulations affect state legislators 
who make the election under section 162(h) of the Internal Revenue Code 
to treat their residences in their legislative districts as their tax 
homes.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 3,700.

    OMB Number: 1545-2133.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Rev. Proc. 2009-16, Section 168(k)(4) Election Procedures 
and Rev. Proc. 2009-33, Section 168(k)(4) Extension Property Elections.
    Abstract: Rev. Proc. 2009-16 provides the time and manner for 
making the election to apply section 168(k)(4) of the Internal Revenue 
Code, for making the allocation of the bonus depreciation amount to 
increase certain limitation, and for making the election to apply 
section 3081(b) of the Housing and Economic Recovery Act of 2008. It 
provides the time and manner for a corporation to make the elections 
provided under new section 168(k)(4)(H) of the Internal Revenue Code 
with respect to the acceleration of claiming research or alternative 
minimum tax credits in lieu of claiming the bonus depreciation 
deduction.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 2,700.

    OMB Number: 1545-2134.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Notice 2009-41--Credit for Residential Energy Efficient 
Property.
    Abstract: This notice provides guidance about the procedures by 
which a manufacturer can certify that residential energy efficient 
property qualifies for the Sec.  25D credit. This notice is intended to 
provide (1) guidance concerning the methods by which manufacturers can 
provide such certifications to taxpayers, and (2) guidance concerning 
the methods by which taxpayers can claim such credits.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 350.

    OMB Number: 1545-2137.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Form 8936--Qualified Plug-in Electric Drive Motor Vehicle 
Credit (Notice 2009-89).
    Abstract: The notice sets forth interim guidance, pending the 
issuance of regulations, relating to the new qualified plug-in electric 
drive motor vehicle credit under Sec.  30D of the Internal Revenue 
Code, as in effect for vehicles acquired after December 31, 2009. For 
tax years beginning after 2008, Form 8936 is used to figure the credit 
for qualified plug-in electric drive motor vehicles placed in service 
during the tax year. The credit attributable to depreciable property 
(vehicles used for business or investment purposes) is treated as a 
general business credit. Any credit not attributable to depreciable 
property is treated as a personal credit.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 267,780.

    OMB Number: 1545-2138.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Form W-8CE--Notice of Expatriation and Waiver of Treaty 
Benefits.
    Form: W-8CE.
    Abstract: Information used by taxpayer to notify payer of 
expatriation so that proper tax treatment is applied by payer. The 
taxpayer is required to file this form to obtain any benefit accorded 
by the statute.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 2,840.

    OMB Number: 1545-2139.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Identity Theft Affidavit.
    Form: 14039, 14039-B, 14039 (SP), 14039-B (SP).
    Abstract: The primary purpose of the form is to provide a method of 
reporting identity theft issues to the IRS so that the IRS may document 
situations where individuals are or may be victims of identity theft. 
Additional purposes include the use in the determination of proper tax 
liability and to relieve taxpayer burden. The information may be 
disclosed only as provided by 26 U.S.C 6103.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 25,000.

    Dated: November 23, 2015.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2015-30178 Filed 11-25-15; 8:45 am]
 BILLING CODE 4830-01-P