81_FR_27278 81 FR 27191 - Proposed Information Collection; Comment Request

81 FR 27191 - Proposed Information Collection; Comment Request

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 87 (May 5, 2016)

Page Range27191-27193
FR Document2016-10587

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 81 Issue 87 (Thursday, May 5, 2016)
[Federal Register Volume 81, Number 87 (Thursday, May 5, 2016)]
[Notices]
[Pages 27191-27193]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-10587]


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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 July 5, 2016 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224, or at [email protected].
    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 6513, 1111 Constitution Avenue NW., Washington, DC 20224, 
or through the internet, at [email protected].

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

[[Page 27192]]

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 8871, Political Organization Notice of Section 527 
Status; Form 8453-X, Political Organization Declaration for Electronic 
Filing of Notice of Section 527 Status.
    OMB Number: 1545-1693.
    Form Number: Forms 8871 and 8453-X.
    Abstract: Public Law 106-230 as amended by Public Law 107-276, 
amended Internal Revenue Code section 527(i) to require certain 
political organizations to provide information to the IRS regarding 
their name and address, their purpose, and the names and addresses of 
their officers, highly compensated employees, Board of Directors, and 
related entities within the meaning of section 168(h)(4). Forms 8871 
and 8453-X are used to report this information to the IRS.
    Current Actions: There are no changes being made at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Not-for-profit institutions.
    Estimated Number of Respondents: 5,000.
    Estimated Time per Respondent: 7 hrs., 2 min.
    Estimated Total Annual Reporting Burden hours: 35,195.
    2. Title: Annual Information Return of Foreign Trust With A U.S. 
owner.
    OMB Number: 1545-0160.
    Form Number: 3520-A.
    Abstract: Internal Revenue Code section 6048(b) requires that 
foreign trusts with at least on U.S. beneficiary must file an annual 
information return. Form 3520-A is used to report the income and 
deductions of the foreign trust and provide statements to the U.S. 
owners and beneficiaries. IRS uses Form 3520-A to determine if the U.S. 
owner of the trust has included the net income of the trust in its 
gross income.
    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: Individuals or households and business or other 
for-profit organizations.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent: 43 hrs., 24 min.
    Estimated Total Annual Burden Hours: 21,700.
    3. Title: Information Return for Transfers Associated With Certain 
Personal Benefit Contracts.
    OMB Number: 1545-1702.
    Form Number: 8870.
    Abstract: Section 537 of the Ticket to Work and Work Incentives 
Improvement Act of 1999 added section 170(f)(10) to the Internal 
Revenue Code. Section 170(f)(10)(F) requires an organization to report 
annually: (1) Any premiums paid after February 8, 1999, to which 
section 170(f)(10) applies; (2) the name and taxpayer identification 
number (TIN) of each beneficiary under each contact to which the 
premiums related; and (3) any other information the Secretary of the 
Treasury may require. A charitable organization described in section 
170(c) or a charitable remainder trust described in section 664(d) that 
paid premiums after February 9, 1999, or certain life insurance, 
annuity, and endowment contracts (personal benefit contracts) must 
complete and file Form 8870.
    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 institutions.
    Estimated Number of Respondents: 5,000.
    Estimated Time per Respondent: 14 hours, 50 minutes.
    Estimated Total Annual Burden Hours: 74,200.
    4. Title: Generation-Skipping Transfer Tax Return for 
Distributions.
    OMB Number: 1545-1144.
    Form Number: 706-GS(D).
    Abstract: Form 706-GS(D) is used by persons who receive taxable 
distributions from a trust to compute and report the generation-
skipping transfer tax imposed by Internal Revenue Code section 2601. 
IRS uses the information to verify that the tax has been properly 
computed.
    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: Individuals or households.
    Estimated Number of Respondents: 1,000.
    Estimated Time per Respondent: 59 minutes.
    Estimated Total Annual Burden Hours: 980.
    5. Title: Rewards for Information Relating to Violations of 
Internal Revenue Laws.
    OMB Number: 1545-1534.
    Regulations: REG-252936-96 (TD 8780--final).
    Abstract: The regulations explain the procedure for submitting 
information that relates to violations of the internal revenue laws. 
The regulations also require a person claiming a reward for information 
to provide, in certain circumstances, identification of evidence that 
the person is the proper claimant.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, businesses or other 
for-profit organizations, and not-for-profit institutions.
    Estimated Number of Respondents: 10,000.
    Estimated Time per Respondent: 3 hrs.
    Estimated Total Annual Reporting Burden Hours: 30,000.
    6. Title: Information Return for Transfers Associated With Certain 
Personal Benefit Contracts.
    OMB Number: 1545-1702.
    Form Number: 8870.
    Abstract: Section 537 of the Ticket to Work and Work Incentives 
Improvement Act of 1999 added section 170(f)(10) to the Internal 
Revenue Code. Section 170(f)(10)(F) requires an organization to report 
annually: (1) Any premiums paid after February 8, 1999, to which 
section 170(f)(10) applies; (2) the name and taxpayer identification 
number (TIN) of each beneficiary under each contact to which the 
premiums related; and (3) any other information the Secretary of the 
Treasury may require. A charitable organization described in section 
170(c) or a charitable remainder trust described in section 664(d) that 
paid premiums after February 9, 1999, or certain life insurance, 
annuity, and endowment contracts (personal benefit contracts) must 
complete and file Form 8870.
    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 institutions.

[[Page 27193]]

    Estimated Number of Respondents: 5,000.
    Estimated Time per Respondent: 14 hours, 50 minutes.
    Estimated Total Annual Burden Hours: 74,200.
    7. Title: Extended Carryback of Losses to or From a Consolidated 
Group.
    OMB Number: 1545-2171.
    Regulations: TD 9490.
    Abstract: This document contains final and temporary regulations 
under section 1502 that affect corporations filing consolidated 
returns. The regulations contain rules regarding the implementation of 
section 172(b)(1)(H) within a consolidated group. These regulations 
also permit certain acquiring consolidated groups to elect to waive all 
or a portion of the pre-acquisition carryback period pursuant to 
section 172(b)(1)(H) for specific losses attributable to certain 
acquired members.
    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: 4,000
    Estimated Time per Respondent: 0.25 hours
    Estimated Total Annual Burden Hours: 1,000
    8. Title: Form 990-PF, Return of Private Foundation or Section 
4947(a)(1) Nonexempt charitable Trust Treated as a Private Foundation, 
and Form 4720, return of Certain Excise Taxes on Charities and Other 
Persons Under Chapters 41 and 42 of the Internal revenue Code.
    OMB Number: 1545-0052.
    Form Number: 990-PF and 4720.
    Abstract: Internal Revenue Code section 6033 requires all private 
foundations, including section 4947(a)(1) trusts treated as private 
foundations, to file an annual information return. Section 53.4940-1(a) 
of the Income Tax Regulations requires that the tax on net investment 
income be reported on the return filed under section 6033. Form 990-PF 
is used for this purpose. Section 6011 requires a report of taxes under 
Chapter 42 of the Code for prohibited acts by private foundations and 
certain related parties. Form 4720 is used by foundations and/or 
related persons to report prohibited activities in detail and pay the 
tax on them.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Not-for-profit institutions.
    Estimated Number of Respondents: 55,000.
    Estimated Time per Respondent: 200 hrs., 58 min.
    Estimated Total Annual Reporting Burden Hours: 11,052,594.
    9. Title: Treatment of Shareholders of Certain Passive Foreign 
Investment Companies.
    OMB Number: 1545-1507.
    Regulation Project Number: INTL-656-87 (TD 8701).
    Abstract: The reporting requirements affect United States persons 
that are direct and indirect shareholders of passive foreign investment 
companies (PFICSs). The requirements enable the Internal Revenue 
Service to identify PFICs, United States shareholders, and transactions 
subject to PFIC taxation and verify income inclusions, excess 
distributions, and deferred tax amounts.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals, business or other for-profit 
organizations, and not-for-profit institutions.
    Estimated Number of Respondents: 131,250.
    Estimated Time per Respondent: 46 minutes.
    Estimated Total Annual Burden Hours: 100,000.
    10. Title: Credit for New Qualified Alternative Motor Vehicles 
(Qualified Fuel Cell Motor Vehicles).
    OMB Number: 1545-2028.
    Form Number: Notice 2008-33.
    Abstract: This Notice will be used to determine whether the vehicle 
for which the credit is claimed under Sec.  30B by a taxpayer is 
property that qualifies for the credit. The collection of information 
is required to obtain a benefit. The likely respondents are 
corporations and partnerships.
    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, Businesses and other 
for-profit organizations.
    Estimated Number of Respondents: 5.
    Estimated Time per Respondent: 40 hours.
    Estimated Total Annual Burden Hours: 200.
    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: April 28, 2016.
Tuawana Pinkston,
Supervisory Tax Analyst.
[FR Doc. 2016-10587 Filed 5-4-16; 8:45 am]
 BILLING CODE 4830-01-P



                                                                                  Federal Register / Vol. 81, No. 87 / Thursday, May 5, 2016 / Notices                                             27191

                                                  consistent evaluation of exceptions to                  adjustments for both underpayments                    DEPARTMENT OF THE TREASURY
                                                  the adopted design standards when                       and overpayments of Federal Insurance
                                                  controlling criteria are not met on NHS                 Contributions Act (FICA) and Railroad                 Internal Revenue Service
                                                  highways.                                               Retirement Tax Act (RRTA) taxes and
                                                                                                          federal income tax withholding (ITW)                  Proposed Information Collection;
                                                    Authority: 23 U.S.C. 109 and 315; 23 CFR                                                                    Comment Request
                                                  1.32 and 625; 49 CFR 1.85.                              under sections 6205(a) and 6413(a),
                                                                                                          respectively, of the Internal Revenue                 AGENCY: Internal Revenue Service (IRS),
                                                    Issued on: April 22, 2016.
                                                                                                          Code (Code).                                          Treasury.
                                                  Gregory G. Nadeau,
                                                                                                            Current Actions: There is a no in the               ACTION: Notice and request for
                                                  Administrator, Federal Highway                          paperwork burden previously approved
                                                  Administration.                                                                                               comments.
                                                                                                          by OMB. This form is being submitted
                                                  [FR Doc. 2016–10299 Filed 5–4–16; 8:45 am]              for renewal purposes only.                            SUMMARY:  The Department of the
                                                  BILLING CODE 4910–22–P
                                                                                                            Type of Review: Extension of a                      Treasury, as part of its continuing effort
                                                                                                          previously approved collection.                       to reduce paperwork and respondent
                                                                                                            Affected Public: Businesses and other               burden, invites the general public and
                                                  DEPARTMENT OF THE TREASURY                              for-profit organizations.                             other Federal agencies to take this
                                                                                                            Estimated Number of Respondents:                    opportunity to comment on proposed
                                                  Internal Revenue Service
                                                                                                          3,400,000.                                            and/or continuing information
                                                  Agency Information Collection                             Estimated Time per Respondent: 10                   collections, as required by the
                                                  Activities; Proposals, Submissions,                     hours.                                                Paperwork Reduction Act of 1995,
                                                  and Approvals                                             Estimated Total Annual Burden                       Public Law 104–13 (44 U.S.C.
                                                                                                          Hours: 16,900,000.                                    3506(c)(2)(A)).
                                                  AGENCY: Internal Revenue Service (IRS),                   The following paragraph applies to all              DATES:  Written comments should be
                                                  Treasury.                                               of the collections of information covered             received on or before July 5, 2016 to be
                                                  ACTION: Notice and request for                          by this notice:                                       assured of consideration.
                                                  comments.                                                 An agency may not conduct or                        ADDRESSES: Direct all written comments
                                                  SUMMARY:    The Department of the                       sponsor, and a person is not required to              to Tuawana Pinkston, Internal Revenue
                                                  Treasury, as part of its continuing effort              respond to, a collection of information               Service, Room 6526, 1111 Constitution
                                                  to reduce paperwork and respondent                      unless the collection of information                  Avenue NW., Washington, DC 20224, or
                                                  burden, invites the general public and                  displays a valid OMB control number.                  at Elaine.H.Christophe@irs.gov.
                                                  other Federal agencies to take this                     Books or records relating to a collection                Please send separate comments for
                                                  opportunity to comment on proposed                      of information must be retained as long               each specific information collection
                                                  and/or continuing information                           as their contents may become material                 listed below. You must reference the
                                                  collections, as required by the                         in the administration of any internal                 information collection’s title, form
                                                  Paperwork Reduction Act of 1995,                        revenue law. Generally, tax returns and               number, reporting or record-keeping
                                                  Public Law 104–13 (44 U.S.C.                            tax return information are confidential,              requirement number, and OMB number
                                                  3506(c)(2)(A)). Currently, the IRS is                   as required by 26 U.S.C. 6103.                        (if any) in your comment.
                                                  soliciting comments concerning                            Request for Comments: Comments                      FOR FURTHER INFORMATION CONTACT: To
                                                  Employment Tax Adjustments.                             submitted in response to this notice will             obtain additional information, or copies
                                                                                                          be summarized and/or included in the                  of the information collection and
                                                  DATES: Written comments should be
                                                                                                          request for OMB approval. All                         instructions, or copies of any comments
                                                  received on or before July 5, 2016 to be
                                                                                                          comments will become a matter of                      received, contact Elaine Christophe, at
                                                  assured of consideration.
                                                                                                          public record.                                        Internal Revenue Service, Room 6513,
                                                  ADDRESSES: Direct all written comments
                                                                                                            Comments are invited on: (a) Whether                1111 Constitution Avenue NW.,
                                                  to Tuawana Pinkston, Internal Revenue                   the collection of information is
                                                  Service, Room 6526, 1111 Constitution                                                                         Washington, DC 20224, or through the
                                                                                                          necessary for the proper performance of               internet, at Elaine.H.Christophe@irs.gov.
                                                  Avenue NW., Washington, DC 20224.                       the functions of the agency, including
                                                  FOR FURTHER INFORMATION CONTACT:                                                                              SUPPLEMENTARY INFORMATION:
                                                                                                          whether the information shall have
                                                  Requests for additional information or                                                                        Request for Comments
                                                                                                          practical utility; (b) the accuracy of the
                                                  copies of the form and instructions                                                                              The Department of the Treasury and
                                                                                                          agency’s estimate of the burden of the
                                                  should be directed to Sara Covington,                                                                         the Internal Revenue Service, as part of
                                                                                                          collection of information; (c) ways to
                                                  Internal Revenue Service, Room 6526,                                                                          their continuing effort to reduce
                                                                                                          enhance the quality, utility, and clarity
                                                  1111 Constitution Avenue NW.,                                                                                 paperwork and respondent burden,
                                                                                                          of the information to be collected; (d)
                                                  Washington DC 20224, or through the                                                                           invite the general public and other
                                                                                                          ways to minimize the burden of the
                                                  internet, at Sara.L.Covington@irs.gov.                                                                        Federal agencies to take this
                                                                                                          collection of information on
                                                  SUPPLEMENTARY INFORMATION:
                                                                                                                                                                opportunity to comment on the
                                                                                                          respondents, including through the use
                                                     Title: Employment Tax Adjustments;                                                                         proposed or continuing information
                                                                                                          of automated collection techniques or
                                                  and Rules Relating to Additional                                                                              collections listed below in this notice,
                                                                                                          other forms of information technology;
                                                  Medicare Tax.                                                                                                 as required by the Paperwork Reduction
                                                                                                          and (e) estimates of capital or start-up
                                                     OMB Number: 1545–2097.                                                                                     Act of 1995, (44 U.S.C. 3501 et seq.).
                                                                                                          costs and costs of operation,
                                                     Regulation Project Number: REG–                                                                            REQUEST FOR COMMENTS: Comments
mstockstill on DSK3G9T082PROD with NOTICES




                                                                                                          maintenance, and purchase of services
                                                  111583–07 [T.D. 9405 (final)] and REG–                  to provide information.                               submitted in response to this notice will
                                                  130074–11.                                                                                                    be summarized and/or included in our
                                                                                                            Approved: April 28, 2016.                           request for Office of Management and
                                                     Abstract: This document contains
                                                  final regulations relating to employment                Sara Covington,                                       Budget (OMB) approval of the relevant
                                                  tax adjustments and employment tax                      IRS Tax Analyst.                                      information collection. All comments
                                                  refund claims. These regulations modify                 [FR Doc. 2016–10570 Filed 5–4–16; 8:45 am]            will become a matter of public record.
                                                  the process for making interest-free                    BILLING CODE 4830–01–P                                Please do not include any confidential


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                                                  27192                           Federal Register / Vol. 81, No. 87 / Thursday, May 5, 2016 / Notices

                                                  or inappropriate material in your                       3520–A to determine if the U.S. owner                   Affected Public: Individuals or
                                                  comments.                                               of the trust has included the net income              households.
                                                    We invite comments on: (a) Whether                    of the trust in its gross income.                       Estimated Number of Respondents:
                                                  the collection of information is                           Current Actions: There are no changes              1,000.
                                                  necessary for the proper performance of                 being made to the form at this time.                    Estimated Time per Respondent: 59
                                                  the agency’s functions, including                          Type of Review: Extension of a                     minutes.
                                                  whether the information has practical                   currently approved collection.                          Estimated Total Annual Burden
                                                  utility; (b) the accuracy of the agency’s                  Affected Public: Individuals or                    Hours: 980.
                                                  estimate of the burden of the collection                households and business or other for-                   5. Title: Rewards for Information
                                                  of information; (c) ways to enhance the                 profit organizations.                                 Relating to Violations of Internal
                                                  quality, utility, and clarity of the                       Estimated Number of Respondents:                   Revenue Laws.
                                                  information to be collected; (d) ways to                500.                                                    OMB Number: 1545–1534.
                                                                                                             Estimated Time per Respondent: 43                    Regulations: REG–252936–96 (TD
                                                  minimize the burden of the collection of
                                                                                                          hrs., 24 min.                                         8780—final).
                                                  information on respondents, including                                                                           Abstract: The regulations explain the
                                                                                                             Estimated Total Annual Burden
                                                  the use of automated collection                                                                               procedure for submitting information
                                                                                                          Hours: 21,700.
                                                  techniques or other forms of information                   3. Title: Information Return for                   that relates to violations of the internal
                                                  technology; and (e) estimates of capital                Transfers Associated With Certain                     revenue laws. The regulations also
                                                  or start-up costs and costs of operation,               Personal Benefit Contracts.                           require a person claiming a reward for
                                                  maintenance, and purchase of services                      OMB Number: 1545–1702.                             information to provide, in certain
                                                  to provide the requested information.                      Form Number: 8870.                                 circumstances, identification of
                                                    Currently, the IRS is seeking                            Abstract: Section 537 of the Ticket to             evidence that the person is the proper
                                                  comments concerning the following                       Work and Work Incentives                              claimant.
                                                  forms, and reporting and record-keeping                 Improvement Act of 1999 added section                   Current Actions: There are no changes
                                                  requirements:                                           170(f)(10) to the Internal Revenue Code.              being made to the revenue procedure at
                                                    1. Title: Form 8871, Political                        Section 170(f)(10)(F) requires an                     this time.
                                                  Organization Notice of Section 527                      organization to report annually: (1) Any                Type of Review: Extension of a
                                                  Status; Form 8453–X, Political                          premiums paid after February 8, 1999,                 currently approved collection.
                                                  Organization Declaration for Electronic                 to which section 170(f)(10) applies; (2)                Affected Public: Individuals or
                                                  Filing of Notice of Section 527 Status.                 the name and taxpayer identification                  households, businesses or other for-
                                                     OMB Number: 1545–1693.                               number (TIN) of each beneficiary under                profit organizations, and not-for-profit
                                                     Form Number: Forms 8871 and 8453–                    each contact to which the premiums                    institutions.
                                                  X.                                                      related; and (3) any other information                  Estimated Number of Respondents:
                                                     Abstract: Public Law 106–230 as                                                                            10,000.
                                                                                                          the Secretary of the Treasury may
                                                  amended by Public Law 107–276,                                                                                  Estimated Time per Respondent: 3
                                                                                                          require. A charitable organization
                                                  amended Internal Revenue Code section                                                                         hrs.
                                                                                                          described in section 170(c) or a
                                                  527(i) to require certain political                                                                             Estimated Total Annual Reporting
                                                                                                          charitable remainder trust described in
                                                  organizations to provide information to                                                                       Burden Hours: 30,000.
                                                                                                          section 664(d) that paid premiums after
                                                  the IRS regarding their name and                                                                                6. Title: Information Return for
                                                                                                          February 9, 1999, or certain life
                                                  address, their purpose, and the names                                                                         Transfers Associated With Certain
                                                                                                          insurance, annuity, and endowment
                                                  and addresses of their officers, highly                                                                       Personal Benefit Contracts.
                                                                                                          contracts (personal benefit contracts)                  OMB Number: 1545–1702.
                                                  compensated employees, Board of
                                                                                                          must complete and file Form 8870.                       Form Number: 8870.
                                                  Directors, and related entities within the                 Current Actions: There are no changes
                                                  meaning of section 168(h)(4). Forms                                                                             Abstract: Section 537 of the Ticket to
                                                                                                          being made to the form at this time.                  Work and Work Incentives
                                                  8871 and 8453–X are used to report this                    Type of Review: Extension of a
                                                  information to the IRS.                                                                                       Improvement Act of 1999 added section
                                                                                                          currently approved collection.                        170(f)(10) to the Internal Revenue Code.
                                                     Current Actions: There are no changes                   Affected Public: Business or other for-
                                                  being made at this time.                                                                                      Section 170(f)(10)(F) requires an
                                                                                                          profit institutions.
                                                     Type of Review: Extension of a                          Estimated Number of Respondents:                   organization to report annually: (1) Any
                                                  currently approved collection.                          5,000.                                                premiums paid after February 8, 1999,
                                                     Affected Public: Not-for-profit                         Estimated Time per Respondent: 14                  to which section 170(f)(10) applies; (2)
                                                  institutions.                                           hours, 50 minutes.                                    the name and taxpayer identification
                                                     Estimated Number of Respondents:                        Estimated Total Annual Burden                      number (TIN) of each beneficiary under
                                                  5,000.                                                  Hours: 74,200.                                        each contact to which the premiums
                                                     Estimated Time per Respondent: 7                        4. Title: Generation-Skipping Transfer             related; and (3) any other information
                                                  hrs., 2 min.                                            Tax Return for Distributions.                         the Secretary of the Treasury may
                                                     Estimated Total Annual Reporting                        OMB Number: 1545–1144.                             require. A charitable organization
                                                  Burden hours: 35,195.                                      Form Number: 706–GS(D).                            described in section 170(c) or a
                                                     2. Title: Annual Information Return of                  Abstract: Form 706–GS(D) is used by                charitable remainder trust described in
                                                  Foreign Trust With A U.S. owner.                        persons who receive taxable                           section 664(d) that paid premiums after
                                                     OMB Number: 1545–0160.                               distributions from a trust to compute                 February 9, 1999, or certain life
                                                     Form Number: 3520–A.                                 and report the generation-skipping                    insurance, annuity, and endowment
                                                     Abstract: Internal Revenue Code
mstockstill on DSK3G9T082PROD with NOTICES




                                                                                                          transfer tax imposed by Internal                      contracts (personal benefit contracts)
                                                  section 6048(b) requires that foreign                   Revenue Code section 2601. IRS uses                   must complete and file Form 8870.
                                                  trusts with at least on U.S. beneficiary                the information to verify that the tax has              Current Actions: There are no changes
                                                  must file an annual information return.                 been properly computed.                               being made to the form at this time.
                                                  Form 3520–A is used to report the                          Current Actions: There are no changes                Type of Review: Extension of a
                                                  income and deductions of the foreign                    being made to the form at this time.                  currently approved collection.
                                                  trust and provide statements to the U.S.                   Type of Review: Extension of a                       Affected Public: Business or other for-
                                                  owners and beneficiaries. IRS uses Form                 currently approved collection.                        profit institutions.


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                                                                                  Federal Register / Vol. 81, No. 87 / Thursday, May 5, 2016 / Notices                                                  27193

                                                     Estimated Number of Respondents:                        Affected Public: Not-for-profit                    unless the collection of information
                                                  5,000.                                                  institutions.                                         displays a valid OMB control number.
                                                     Estimated Time per Respondent: 14                       Estimated Number of Respondents:                   Books or records relating to a collection
                                                  hours, 50 minutes.                                      55,000.                                               of information must be retained as long
                                                     Estimated Total Annual Burden                           Estimated Time per Respondent: 200                 as their contents may become material
                                                  Hours: 74,200.                                          hrs., 58 min.                                         in the administration of any internal
                                                     7. Title: Extended Carryback of Losses                  Estimated Total Annual Reporting                   revenue law. Generally, tax returns and
                                                  to or From a Consolidated Group.                        Burden Hours: 11,052,594.                             tax return information are confidential,
                                                     OMB Number: 1545–2171.                                  9. Title: Treatment of Shareholders of             as required by 26 U.S.C. 6103.
                                                     Regulations: TD 9490.                                Certain Passive Foreign Investment
                                                                                                                                                                  Approved: April 28, 2016.
                                                     Abstract: This document contains                     Companies.
                                                  final and temporary regulations under                                                                         Tuawana Pinkston,
                                                                                                             OMB Number: 1545–1507.
                                                  section 1502 that affect corporations                      Regulation Project Number: INTL–                   Supervisory Tax Analyst.
                                                  filing consolidated returns. The                        656–87 (TD 8701).                                     [FR Doc. 2016–10587 Filed 5–4–16; 8:45 am]
                                                  regulations contain rules regarding the                    Abstract: The reporting requirements               BILLING CODE 4830–01–P
                                                  implementation of section 172(b)(1)(H)                  affect United States persons that are
                                                  within a consolidated group. These                      direct and indirect shareholders of
                                                  regulations also permit certain acquiring               passive foreign investment companies                  DEPARTMENT OF THE TREASURY
                                                  consolidated groups to elect to waive all               (PFICSs). The requirements enable the
                                                  or a portion of the pre-acquisition                     Internal Revenue Service to identify                  Internal Revenue Service
                                                  carryback period pursuant to section                    PFICs, United States shareholders, and                Proposed Collection; Comment
                                                  172(b)(1)(H) for specific losses                        transactions subject to PFIC taxation                 Request for Regulation Project
                                                  attributable to certain acquired                        and verify income inclusions, excess
                                                  members.                                                distributions, and deferred tax amounts.              AGENCY: Internal Revenue Service (IRS),
                                                     Current Actions: There is no change to                  Current Actions: There is no change to             Treasury.
                                                  this existing regulation.                               this existing regulation.                             ACTION: Notice and request for
                                                     Type of Review: Extension of a                          Type of Review: Extension of a                     comments.
                                                  currently approved collection.                          currently approved collection.
                                                     Affected Public: Business or other for-                 Affected Public: Individuals, business             SUMMARY:   The Department of the
                                                  profit organizations.                                   or other for-profit organizations, and                Treasury, as part of its continuing effort
                                                     Estimated Number of Respondents:                     not-for-profit institutions.                          to reduce paperwork and respondent
                                                  4,000                                                      Estimated Number of Respondents:                   burden, invites the general public and
                                                     Estimated Time per Respondent: 0.25                  131,250.                                              other Federal agencies to take this
                                                  hours                                                      Estimated Time per Respondent: 46                  opportunity to comment on proposed
                                                     Estimated Total Annual Burden                        minutes.                                              and/or continuing information
                                                  Hours: 1,000                                               Estimated Total Annual Burden                      collections, as required by the
                                                     8. Title: Form 990–PF, Return of                     Hours: 100,000.                                       Paperwork Reduction Act of 1995,
                                                  Private Foundation or Section 4947(a)(1)                   10. Title: Credit for New Qualified                Public Law 104–13 (44 U.S.C.
                                                  Nonexempt charitable Trust Treated as                   Alternative Motor Vehicles (Qualified                 3506(c)(2)(A)). Currently, the IRS is
                                                  a Private Foundation, and Form 4720,                    Fuel Cell Motor Vehicles).                            soliciting comments concerning general
                                                  return of Certain Excise Taxes on                          OMB Number: 1545–2028.                             rules for making and maintaining
                                                  Charities and Other Persons Under                          Form Number: Notice 2008–33.                       qualified electing fund elections.
                                                  Chapters 41 and 42 of the Internal                         Abstract: This Notice will be used to              DATES: Written comments should be
                                                  revenue Code.                                           determine whether the vehicle for                     received on or before July 5, 2016 to be
                                                     OMB Number: 1545–0052.                               which the credit is claimed under § 30B               assured of consideration.
                                                     Form Number: 990–PF and 4720.                        by a taxpayer is property that qualifies
                                                     Abstract: Internal Revenue Code                                                                            ADDRESSES: Direct all written comments
                                                                                                          for the credit. The collection of
                                                  section 6033 requires all private                                                                             to Tuawana Pinkston, Internal Revenue
                                                                                                          information is required to obtain a
                                                  foundations, including section                                                                                Service, Room 6526, 1111 Constitution
                                                                                                          benefit. The likely respondents are
                                                  4947(a)(1) trusts treated as private                                                                          Avenue NW., Washington, DC 20224.
                                                                                                          corporations and partnerships.
                                                  foundations, to file an annual                             Current Actions: There is no change                FOR FURTHER INFORMATION CONTACT:
                                                  information return. Section 53.4940–                    in the paperwork burden previously                    Requests for additional information or
                                                  1(a) of the Income Tax Regulations                      approved by OMB.                                      copies of the regulation should be
                                                  requires that the tax on net investment                    Type of Review: Extension of a                     directed to Sara Covington, at Internal
                                                  income be reported on the return filed                  currently approved collection.                        Revenue Service, Room 6526, 1111
                                                  under section 6033. Form 990–PF is                         Affected Public: Individuals and                   Constitution Avenue NW., Washington,
                                                  used for this purpose. Section 6011                     Households, Businesses and other for-                 DC 20224, or through the internet at
                                                  requires a report of taxes under Chapter                profit organizations.                                 Sara.L.Covington@irs.gov.
                                                  42 of the Code for prohibited acts by                      Estimated Number of Respondents: 5.                SUPPLEMENTARY INFORMATION:
                                                  private foundations and certain related                    Estimated Time per Respondent: 40                    Title: General Rules for Making and
                                                  parties. Form 4720 is used by                           hours.                                                Maintaining Qualified Electing Fund
                                                  foundations and/or related persons to                      Estimated Total Annual Burden                      Elections.
mstockstill on DSK3G9T082PROD with NOTICES




                                                  report prohibited activities in detail and              Hours: 200.                                             OMB Number: 1545–1555.
                                                  pay the tax on them.                                       The following paragraph applies to all               Regulation Project Number: REG–
                                                     Current Actions: There are no changes                of the collections of information covered             115795–97.
                                                  being made to the revenue procedure at                  by this notice:                                         Abstract: This regulation provides
                                                  this time.                                                 An agency may not conduct or                       guidance to a passive foreign investment
                                                     Type of Review: Extension of a                       sponsor, and a person is not required to              company (PFIC) shareholder that makes
                                                  currently approved collection.                          respond to, a collection of information               the election under Code section 1295 to


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Document Created: 2016-05-05 01:15:54
Document Modified: 2016-05-05 01:15:54
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comments.
DatesWritten comments should be received on or before July 5, 2016 to be assured of consideration.
ContactTo 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 6513, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet, at [email protected]
FR Citation81 FR 27191 

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