81 FR 10367 - Submission for OMB Review; Comment Request
DEPARTMENT OF THE TREASURY Federal Register Volume 81, Issue 39 (February 29, 2016)
Federal Register Volume 81, Issue 39 (February 29, 2016)
| Page Range | 10367-10369 | |
| FR Document | 2016-04340 |
[Federal Register Volume 81, Number 39 (Monday, February 29, 2016)] [Notices] [Pages 10367-10369] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-04340] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request February 24, 2016. 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 March 30, 2016 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimates, or any other aspect of the information collections, 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 8117, Washington, DC 20220, or email at [email protected]. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained by emailing [email protected], calling (202) 622-1295, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: Internal Revenue Service (IRS) OMB Number: 1545-0192. Type of Review: Extension of a currently approved collection. Title: Tax on Accumulation Distribution of Trusts. Abstract: Form 4970 is used by a beneficiary of a domestic or foreign trust to compute the tax adjustment attributable to an accumulation distribution. The form is used to verify whether the correct tax has been paid on the accumulation distribution. Estimated Total Annual Burden Hours: 42,900. OMB Number: 1545-0228. Type of Review: Extension of a currently approved collection. Title: Form 6252--Installment Sale Income. Abstract: Information is needed to figure and report an installment sale for a casual or incidental sale of personal property, and a sale of real property by someone not in the business of selling real estate. Data is used to determine whether the installment sale has been properly reported and the correct amount of profit is included in income on the taxpayer's return. Estimated Total Annual Burden Hours: 1,597,008. OMB Number: 1545-0865. Type of Review: Extension of a currently approved collection. Title: Form 8918--Material Advisor Disclosure Statement. Abstract: The American Jobs Creation Act of 2004, Public Law 108- 357, 118 Stat. 1418, (AJCA) was enacted on October 22, 2004. Section 815 of the AJCA amended section 6111 to require each material advisor with respect to any reportable transaction to make a return (in such form as the Secretary may prescribe) setting forth: (1) Information identifying and describing the transaction; (2) information describing any potential tax benefits expected to result from the transaction; and (3) such other information as the Secretary may prescribe. Estimated Total Annual Burden Hours: 5,096. OMB Number: 1545-0940. Type of Review: Extension of a currently approved collection. Title: TD 8086--Election for $10 Million Limitation on Exempt Small Issues of Industrial Development Bonds; Supplemental Capital Expenditure Statements (LR-185-84 Final). Abstract: The regulation liberalizes the procedure by which the state or local government issuer of an exempt small issue of tax-exempt bonds elects the $10 million limitation upon the size of such issue and deletes the [[Page 10368]] requirement to file certain supplemental capital expenditure statements. Estimated Total Annual Burden Hours: 1,000. OMB Number: 1545-0945. Type of Review: Extension of a currently approved collection. Title: TD 7852--Registration Requirements with Respect to Deb Obligations (NPRM, LR-255-82). Abstract: The rule requires an issuer of a registration-required obligation and any person holding the obligation as a nominee or custodian on behalf of another to maintain ownership records in a manner which will permit examination by the IRS in connection with enforcement of the Internal Revenue laws. Estimated Total Annual Burden Hours: 50,000. OMB Number: 1545-0976. Type of Review: Revision of a currently approved collection. Title: Form 990-W, Estimated Tax on Unrelated Business Taxable Income for Tax-Exempt Organizations. Abstract: Form 990-W is used by tax-exempt trusts and tax-exempt corporations to figure estimated tax liability on unrelated business income and on investment income for private foundations and the amount of each installment payment. Form 990-W is a worksheet only. It is not required to be filed. Estimated Total Annual Burden Hours: 281,493. OMB Number: 1545-1016. Type of Review: Extension of a currently approved collection. Title: Return of Excise Tax on Undistributed Income of Regulated Investment Companies. Abstract: Form 8613 is used by regulated investment companies to compute and pay the excise tax on undistributed income imposed under section 4982. IRS uses the information to verify that the correct amount of tax has been reported. Estimated Total Annual Burden Hours: 17,820. OMB Number: 1545-1060. Type of Review: Extension of a currently approved collection. Title: Application for Withholding Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests. Abstract: Form 8288-B is used to apply for a withholding certification from IRS to reduce or eliminate the withholding required by section 1445. Estimated Total Annual Burden Hours: 29,256. OMB Number: 1545-1069. Type of Review: Extension of a currently approved collection. Title: EE-175-86 (Final) Certain Cash or Deferred Arrangements and Employee and Matching Contributions under Employee Plans: REG-108639-99 (NPRM) Retirement Plans; Cash or Deferred Arrangements. Abstract: The IRS needs this information to insure compliance with sections 401(k), 401(m), and 4979 of the Internal Revenue Code. Certain additional taxes may be imposed if sections 401(k) and 401(m) are not complied with. Estimated Total Annual Burden Hours: 1,060,000.- OMB Number: 1545-1442. Type of Review: Extension of a currently approved collection. Title: T.D. 8633--Grantor Trust Reporting Requirements. Abstract: The information required by these regulations is used by the Internal Revenue Service to ensure that items of income, deduction, and credit of a trust as owned by the grantor or another person are properly reported. Estimated Total Annual Burden Hours: 920,000. OMB Number: 1545-1444. Type of Review: Extension of a currently approved collection. Title: Form 8844, Empowerment Zone Employment Credit. Abstract: The empowerment zone employment (EZE) credit is part of the general business credit under section 38. However, unlike the other components of the general business credit, taxpayers are allowed to offset 25 percent of their alternative minimum tax with the EZE credit. Estimated Total Annual Burden Hours: 237,600. OMB Number: 1545-1538. Type of Review: Extension of a currently approved collection. Title: Notice 97-34, Information Reporting on Transactions With Foreign Trusts and on Large Foreign Gifts. Abstract: This notice provides guidance on the foreign trust and foreign gift information reporting provisions contained in the Small Business Job Protection Act of 1996. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 3,750. OMB Number: 1545-1699. Type of Review: Revision of a currently approved collection. Title: TD 9002 (TD 9715)--Agent for Consolidated Group; Rev Proc 2015-26 (Rev Proc 2002-43)--Determination of a Substitute Agent for a Consolidated Group. Abstract: Section 1501 of the Internal Revenue Code (the ``Code'') states that an affiliated group of corporations shall have the privilege of making a consolidated return with respect to the Federal income taxes for the taxable year in lieu of separate returns. Section 1502 of the Code states that the Secretary of the Treasury shall prescribe such regulations as deemed necessary in order to determine, compute and assess the Federal income tax liability of any affiliated group of corporations making a consolidated Federal income tax return. The rules in Treas. Reg. Sec. Sec. 1.1502-77, 1.1502-77A, and 1.1502-77B, Rev. Proc. 2002-43 and Rev. Proc. 2015-26 necessitate collecting information from taxpayers in order for the Commissioner to more effectively communicate with the agent to determine the group's federal income tax liability. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 400. OMB Number: 1545-1816. Type of Review: Extension of a currently approved collection. Title: TD 9054--Disclosure of Returns and Return Information to Designee of Taxpayer (as amended by TD 9618). Abstract: Under section 6103(a), returns and return information are confidential unless disclosure is otherwise authorized by the Code. Section 6103(c), as amended in 1996 by section 1207 of the Taxpayer Bill of Rights II, Public Law 104-168 (110 Stat. 1452), authorizes the IRS to disclose returns and return information to such person or persons as the taxpayer may designate in a request for or consent to disclosure, or to any other person at the taxpayer's request to the extent necessary to comply with a request for information or assistance made by the taxpayer to such other person. Disclosure is permitted subject to such requirements and conditions as may be prescribed by regulations. Estimated Total Annual Burden Hours: 800. OMB Number: 1545-1818. Type of Review: Extension of a currently approved collection. Title: Rev. Proc. 2003-38, Commercial Revitalization Deduction. Abstract: Pursuant to Sec. 1400I of the Internal Revenue Code, this procedure provides the time and manner for states to make allocations of commercial revitalization expenditures to a new or substantially rehabilitated building that is placed in service in a renewal community. Estimated Total Annual Burden Hours: 200. OMB Number: 1545-1826. [[Page 10369]] Type of Review: Extension of a currently approved collection. Title: Excise Tax on Structured Settlement Factoring Transactions. Abstract: Form 8876 is used to report and pay the 40% excise tax imposed Under section 5891 on the factoring discount of a structured settlement factoring transaction. Estimated Total Annual Burden Hours: 560. OMB Number: 1545-1974. Type of Review: Revision of a currently approved collection. Title: Schedule C (Form 1040), Profit or Loss From Business. Abstract: Schedule C (Form 1040) is used by individuals to report their business income, loss and expenses. The data is used to verify that the items reported on the form is correct and also for general statistical use. Estimated Total Annual Burden Hours: 72,201,704. OMB Number: 1545-2001. Type of Review: Extension of a currently approved collection. Title: Rev. Proc. 2006-16, Renewal Community Depreciation Provisions. Abstract: This revenue procedure provides the time and manner for states to make retroactive allocations of commercial revitalization expenditure amounts to certain buildings placed is service in the expanded area of renewal community pursuant to Sec. 1400E(g) of the Internal Revenue Code. Estimated Total Annual Burden Hours: 150. OMB Number: 1545-2007. Type of Review: Revision of a currently approved collection. Title: Employer's Annual Employment Tax Return. Abstract: Form 944, Employer's Annual Federal Tax Return, is designed so the smallest employers (those whose annual liability for social security, Medicare, and withheld federal income taxes is $1,000 or less) will file and pay these taxes only once a year instead of every quarter. Form 944 is also provided in Spanish, Form 944(SP). Employers who discover they under or over withheld income taxes from wages or social security or Medicare tax in a prior year use Form 944-X to report those taxes and either make a payment, claim a refund, or request an abatement. Form 944-X is also available in Spanish, Form 944-X(SP). Estimated Total Annual Burden Hours: 2,191,570. OMB Number: 1545-2010. Type of Review: Extension of a currently approved collection. Title: Employer's Annual Federal Tax Return (American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, and the U.S. Virgin Islands). Abstract: Form 944-SS and Form 944-PR are designed so the smallest employers (those whose annual liability for social security and Medicare taxes is $1,000 or less) will have to file and pay these taxes only once a year instead of every quarter. Estimated Total Annual Burden Hours: 191,200. OMB Number: 1545-2011. Type of Review: Extension of a currently approved collection. Title: Certification of Intent to Adopt a Pre-approved Plan. Abstract: Use Form 8905 to treat an employer's plan as a pre- approved plan and therefore eligible for the six-year remedial amendment cycle of Part IV of Revenue Procedure 2005-66, 2005-37 I.R.B. 509. This form is filed with other document(s). Estimated Total Annual Burden Hours: 82,360. OMB Number: 1545-2123. Type of Review: Extension of a currently approved collection. Title: Notice 2009-85, Guidance for Expatriates and Recipients of Foreign Source Gifts and Bequests Under Sections 877A, 2801, and 6039G. Abstract: Section 301 of the Heroes Earnings Assistance and Relief Tax Act of 2008 (the ``Act'') enacted new sections 877A and 2801 of the Internal Revenue Code (``Code''), amended sections 6039G and 7701(a), made conforming amendments to sections 877(e) and 7701(b), and repealed section 7701(n). This notice provides guidance regarding certain federal tax consequences under these sections for individuals who renounce U.S. citizenship or cease to be taxed as lawful permanent residents of the United States. Estimated Total Annual Burden Hours: 420. OMB Number: 1545-2205. Type of Review: Revision of a currently approved collection. Title: Form 1099-K, Payment Card and Third Party Network Transactions. Abstract: This form is in response to section 3091(a) of Public Law 110-289, the Housing Assistance Tax Act of 2008 (Div. C of the Housing and Economic Recovery Act of 2010). The form reflects payments made in settlement of payment card and third party network transactions for purchases of goods and/or services made with payment cards and through third party networks. Estimated Total Annual Burden Hours: 4,529,328. OMB Number: 1545-2233. Type of Review: Extension of a currently approved collection. Title: Notice 2012-48--Tribal Economic Development Bonds. Abstract: This Notice solicits applications for the reallocation of available amounts of national bond issuance authority limitation for tribal economic development bonds (``Tribal Economic Development Bonds'') that were previously allocated to eligible issuers by the Internal Revenue Service (``IRS'') and that have not been used. This Notice also provides related guidance on: (1) The application requirements and forms for requests for volume cap allocations, and (2) the method that the IRS and the Department of the Treasury will use to allocate the volume cap. Affected Public: State, Local, or Tribal Governments. Estimated Total Annual Burden Hours: 1,001. OMB Number: 1545-2260. Type of Review: Extension of a currently approved collection. Title: Suspension of Benefits Under the Multiemployer Pension Reform Act of 2014; Administration of Multiemployer Plan Participant Vote. Abstract: Respondents are sponsors of collectively bargained retirement trusts in significant financial distress. The MPRA allows a respondent to apply to Treasury for approval to suspend benefit payments. If an application is approved, Treasury must then administer a vote by participants on whether to accept or reject the suspension. The regulation provides detailed voting procedures. The information collection is necessary to establish the voting process. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 14,000. Brenda Simms, Treasury PRA Clearance Officer. [FR Doc. 2016-04340 Filed 2-26-16; 8:45 am] BILLING CODE 4830-01-P
![Federal Register / Vol. 81, No. 39 / Monday, February 29, 2016 / Notices 10367
II. Paperwork Reduction Act (‘‘PRA’’): 6 be summarized and/or included in the Internal Revenue Service (IRS)
Title: Information sharing between request for OMB approval. All OMB Number: 1545–0192.
government agencies and financial comments will become a matter of Type of Review: Extension of a
institutions. public record. Comments are invited on: currently approved collection.
Office of Management and Budget (a) Whether the collection of Title: Tax on Accumulation
(‘‘OMB’’) Number: 1506–0049. information is necessary for the proper Distribution of Trusts.
Form Number: Not Applicable. performance of the functions of the Abstract: Form 4970 is used by a
Abstract: 31 CFR Chapter X, agency, including whether the beneficiary of a domestic or foreign trust
Information sharing between information shall have practical utility; to compute the tax adjustment
government agencies and financial (b) the accuracy of the agency’s estimate attributable to an accumulation
institutions (31 CFR 1010.520) details of the burden of the collection of distribution. The form is used to verify
the requirements of section 314(a) of the information; (c) ways to enhance the whether the correct tax has been paid on
USA PATRIOT Act. Each financial quality, utility, and clarity of the the accumulation distribution.
institution (as defined in 31 U.S.C. information to be collected; (d) ways to Estimated Total Annual Burden
5312(a)(2) or (c)(1)) should refer to its minimize the burden of the collection of Hours: 42,900.
Chapter X part for any additional information on respondents, including
OMB Number: 1545–0228.
special information sharing procedures. through the use of automated collection Type of Review: Extension of a
Type of Review: Extension without techniques or other forms of information
currently approved collection.
change of a currently approved technology; and (e) estimates of capital Title: Form 6252—Installment Sale
collection. or start-up costs and costs of operation, Income.
Affected Public: Businesses or other maintenance, and purchase of services Abstract: Information is needed to
for-profit and non-profit organizations, to provide information. figure and report an installment sale for
and the Federal, state, and local a casual or incidental sale of personal
Jamal El-Hindi,
government.
Deputy Director, Financial Crimes property, and a sale of real property by
Frequency: As required.
Estimated Number of Respondents: Enforcement Network. someone not in the business of selling
20,134.7 [FR Doc. 2016–04275 Filed 2–26–16; 8:45 am] real estate. Data is used to determine
Estimated Time per Respondent: 54 BILLING CODE 4810–02–P whether the installment sale has been
hours annually.8 properly reported and the correct
Estimated Total Annual Burden amount of profit is included in income
Hours: 1,087,236.9 DEPARTMENT OF THE TREASURY on the taxpayer’s return.
The following paragraph applies to all Estimated Total Annual Burden
of the collections of information covered Submission for OMB Review; Hours: 1,597,008.
by this notice: Comment Request OMB Number: 1545–0865.
An agency may not conduct or February 24, 2016. Type of Review: Extension of a
sponsor, and a person is not required to currently approved collection.
respond to, a collection of information The Department of the Treasury will Title: Form 8918—Material Advisor
unless the collection of information submit the following information
Disclosure Statement.
displays a valid OMB control number. collection requests to the Office of Abstract: The American Jobs Creation
Management and Budget (OMB) for Act of 2004, Public Law 108–357, 118
In accordance with 31 CFR
review and clearance in accordance Stat. 1418, (AJCA) was enacted on
1010.330(e)(3), a person required to
with the Paperwork Reduction Act of
make a report under this section must October 22, 2004. Section 815 of the
1995, Public Law 104–13, on or after the
keep a copy of each report filed for five AJCA amended section 6111 to require
date of publication of this notice.
years from the date of filing. each material advisor with respect to
Request for Comments: Comments DATES: Comments should be received on any reportable transaction to make a
submitted in response to this notice will or before March 30, 2016 to be assured return (in such form as the Secretary
of consideration. may prescribe) setting forth: (1)
6 The PRA does not apply to the requirement in ADDRESSES: Send comments regarding Information identifying and describing
section 1010.520(b)(2) concerning reports by the burden estimates, or any other the transaction; (2) information
financial institutions in response to a request from aspect of the information collections,
FinCEN on behalf of a Federal law enforcement describing any potential tax benefits
agency. See 5 CFR 1320.4(a)(2). Therefore, this including suggestions for reducing the expected to result from the transaction;
renewal applies only to the use of the 314(a) burden, to (1) Office of Information and and (3) such other information as the
program with respect to queries initiated by non- Regulatory Affairs, Office of Secretary may prescribe.
federal law enforcement entities. Management and Budget, Attention:
7 On an annual basis, there are approximately
Estimated Total Annual Burden
20,134 covered financial institutions, consisting of
Desk Officer for Treasury, New Hours: 5,096.
certain commercial banks, savings associations, and Executive Office Building, Room 10235, OMB Number: 1545–0940.
credit unions, securities broker-dealers, future Washington, DC 20503, or email at Type of Review: Extension of a
commission merchants, certain trust companies, life OIRA_Submission@OMB.EOP.gov and
insurance companies, mutual funds and money currently approved collection.
services businesses.
(2) Treasury PRA Clearance Officer, Title: TD 8086—Election for $10
8 Estimated requests per annum subject to the 1750 Pennsylvania Ave. NW., Suite Million Limitation on Exempt Small
PRA include, 10 from FinCEN, 50 from state and 8117, Washington, DC 20220, or email Issues of Industrial Development Bonds;
asabaliauskas on DSK5VPTVN1PROD with NOTICES
local law enforcement, and 30 from European at PRA@treasury.gov. Supplemental Capital Expenditure
Union countries approved by treaty, for a total of
FOR FURTHER INFORMATION CONTACT: Statements (LR–185–84 Final).
90 requests per annum, with each request
containing an average of 9 subjects (including Copies of the submissions may be Abstract: The regulation liberalizes
aliases). Each subject requires 4 minutes to obtained by emailing PRA@treasury.gov, the procedure by which the state or
research, resulting in (90 x 9 x 4 ÷ 60) = 54 hours calling (202) 622–1295, or viewing the local government issuer of an exempt
per year.
9 Burden computation is as follows: 54 hours per
entire information collection request at small issue of tax-exempt bonds elects
year per respondent times 20,134 respondents (54 www.reginfo.gov. the $10 million limitation upon the size
x 20,134) = 1,087,236 hours. SUPPLEMENTARY INFORMATION: of such issue and deletes the
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Type of Review: Extension of a Commonwealth of the Northern Mariana Title: Notice 2012–48—Tribal
currently approved collection. Islands, and the U.S. Virgin Islands). Economic Development Bonds.
Title: Excise Tax on Structured Abstract: Form 944–SS and Form Abstract: This Notice solicits
Settlement Factoring Transactions. 944–PR are designed so the smallest applications for the reallocation of
Abstract: Form 8876 is used to report employers (those whose annual liability available amounts of national bond
and pay the 40% excise tax imposed for social security and Medicare taxes is issuance authority limitation for tribal
Under section 5891 on the factoring $1,000 or less) will have to file and pay economic development bonds (‘‘Tribal
discount of a structured settlement these taxes only once a year instead of Economic Development Bonds’’) that
factoring transaction. every quarter. were previously allocated to eligible
Estimated Total Annual Burden Estimated Total Annual Burden issuers by the Internal Revenue Service
Hours: 560. Hours: 191,200. (‘‘IRS’’) and that have not been used.
OMB Number: 1545–1974. OMB Number: 1545–2011. This Notice also provides related
Type of Review: Revision of a Type of Review: Extension of a guidance on: (1) The application
currently approved collection. currently approved collection. requirements and forms for requests for
Title: Schedule C (Form 1040), Profit Title: Certification of Intent to Adopt volume cap allocations, and (2) the
or Loss From Business. a Pre-approved Plan. method that the IRS and the Department
Abstract: Schedule C (Form 1040) is Abstract: Use Form 8905 to treat an of the Treasury will use to allocate the
used by individuals to report their employer’s plan as a pre-approved plan volume cap.
business income, loss and expenses. and therefore eligible for the six-year Affected Public: State, Local, or Tribal
The data is used to verify that the items remedial amendment cycle of Part IV of Governments.
reported on the form is correct and also Revenue Procedure 2005–66, 2005–37 Estimated Total Annual Burden
for general statistical use. I.R.B. 509. This form is filed with other Hours: 1,001.
Estimated Total Annual Burden document(s).
Estimated Total Annual Burden OMB Number: 1545–2260.
Hours: 72,201,704. Type of Review: Extension of a
Hours: 82,360.
OMB Number: 1545–2001. currently approved collection.
Type of Review: Extension of a OMB Number: 1545–2123. Title: Suspension of Benefits Under
Type of Review: Extension of a
currently approved collection. the Multiemployer Pension Reform Act
currently approved collection.
Title: Rev. Proc. 2006–16, Renewal Title: Notice 2009–85, Guidance for of 2014; Administration of
Community Depreciation Provisions. Expatriates and Recipients of Foreign Multiemployer Plan Participant Vote.
Abstract: This revenue procedure Abstract: Respondents are sponsors of
Source Gifts and Bequests Under
provides the time and manner for states collectively bargained retirement trusts
Sections 877A, 2801, and 6039G.
to make retroactive allocations of Abstract: Section 301 of the Heroes in significant financial distress. The
commercial revitalization expenditure Earnings Assistance and Relief Tax Act MPRA allows a respondent to apply to
amounts to certain buildings placed is of 2008 (the ‘‘Act’’) enacted new Treasury for approval to suspend benefit
service in the expanded area of renewal sections 877A and 2801 of the Internal payments. If an application is approved,
community pursuant to Sec. 1400E(g) of Revenue Code (‘‘Code’’), amended Treasury must then administer a vote by
the Internal Revenue Code. sections 6039G and 7701(a), made participants on whether to accept or
Estimated Total Annual Burden conforming amendments to sections reject the suspension. The regulation
Hours: 150. 877(e) and 7701(b), and repealed section provides detailed voting procedures.
OMB Number: 1545–2007. 7701(n). This notice provides guidance The information collection is necessary
Type of Review: Revision of a regarding certain federal tax to establish the voting process.
currently approved collection. consequences under these sections for Affected Public: Businesses or other
Title: Employer’s Annual individuals who renounce U.S. for-profits.
Employment Tax Return. citizenship or cease to be taxed as Estimated Total Annual Burden
Abstract: Form 944, Employer’s lawful permanent residents of the Hours: 14,000.
Annual Federal Tax Return, is designed United States. Brenda Simms,
so the smallest employers (those whose Estimated Total Annual Burden Treasury PRA Clearance Officer.
annual liability for social security, Hours: 420. [FR Doc. 2016–04340 Filed 2–26–16; 8:45 am]
Medicare, and withheld federal income OMB Number: 1545–2205.
taxes is $1,000 or less) will file and pay BILLING CODE 4830–01–P
Type of Review: Revision of a
these taxes only once a year instead of currently approved collection.
every quarter. Form 944 is also provided Title: Form 1099–K, Payment Card
in Spanish, Form 944(SP). Employers and Third Party Network Transactions. U.S.-CHINA ECONOMIC AND
who discover they under or over Abstract: This form is in response to SECURITY REVIEW COMMISSION
withheld income taxes from wages or section 3091(a) of Public Law 110–289,
social security or Medicare tax in a prior Notice of Open Public Hearing
the Housing Assistance Tax Act of 2008
year use Form 944–X to report those (Div. C of the Housing and Economic AGENCY: U.S.-China Economic and
taxes and either make a payment, claim Recovery Act of 2010). The form reflects Security Review Commission.
a refund, or request an abatement. Form payments made in settlement of ACTION: Notice of open public hearing—
944–X is also available in Spanish, payment card and third party network
asabaliauskas on DSK5VPTVN1PROD with NOTICES
March 10, 2016, Washington, DC.
Form 944–X(SP). transactions for purchases of goods and/
Estimated Total Annual Burden or services made with payment cards SUMMARY: Notice is hereby given of the
Hours: 2,191,570. and through third party networks. following hearing of the U.S.-China
OMB Number: 1545–2010. Estimated Total Annual Burden Economic and Security Review
Type of Review: Extension of a Hours: 4,529,328. Commission.
currently approved collection. OMB Number: 1545–2233. Name: Dennis Shea, Chairman of the
Title: Employer’s Annual Federal Tax Type of Review: Extension of a U.S.-China Economic and Security
Return (American Samoa, Guam, the currently approved collection. Review Commission. The Commission
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Document Created: 2016-02-27 02:05:19
Document Modified: 2016-02-27 02:05:19
| 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 | |
| Dates | Comments should be received on or before March 30, 2016 to be assured of consideration. | |
| Contact | Copies of the submissions may be obtained by emailing [email protected], calling (202) 622-1295, or viewing the entire information collection request at www.reginfo.gov. | |
| FR Citation | 81 FR 10367 |
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