81 FR 30610 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 95 (May 17, 2016)

Page Range		30610-30610
FR Document		2016-11629

Federal Register, Volume 81 Issue 95 (Tuesday, May 17, 2016)

[Federal Register Volume 81, Number 95 (Tuesday, May 17, 2016)]
[Notices]
[Page 30610]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-11629]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

May 12, 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 June 16, 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.

Internal Revenue Service (IRS)

    OMB Control Number: 1545-0364.
    Type of Review: Reinstatement of a previously approved collection.
    Title: Statement of Payments Received.
    Form: Form 4669.
    Abstract: Form 4669, Statement of Payments Received, is used by 
payers in specific situations to request relief from payment of certain 
required taxes. A payer who fails to withhold certain required taxes 
from a payee may be entitled to relief, under sections 3402(d), 
3102(f)(3), 1463 or Regulations section 1.1474-4. To apply for relief, 
a payer must show that the payee reported the payments and paid the 
corresponding tax. To secure relief as described above, a payer must 
obtain a separate, completed Form 4669 from each payee for each year 
relief is requested. The data is used to verify that the income tax on 
the wages was paid in full. The collection of data affects business, 
individuals, and households.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 21,250.
    OMB Control Number: 1545-1617.
    Type of Review: Reinstatement of a previously approved collection.
    Title: REG-124069-02 (Final) Section 6038--Returns Required with 
Respect to Controlled Foreign Partnerships; REG-118966-97 (Final) 
Information Reporting with Respect to Certain Foreign Partnerships.
    Abstract: REG-124069-02 Treasury Regulation Sec. 1.6038-3 requires 
certain United States person who own interests in controlled foreign 
partnership to annually report information to the IRS on Form 8865. 
This regulation amends the reporting rules under Treasury Regulation 
section 1.6038-e to provide that a U.S. person must follow the filing 
requirements that are specified in the instructions for Form 8865 when 
the U.S. person must file Form 8865 and the foreign partnership 
completes and files Form 1065 or Form 1065-B. REG-118966-97 Section 
6038 requires certain U.S. persons who own interest in controlled 
foreign partnerships or certain foreign corporations to annually report 
information to the IRS. This regulation provides reporting rules to 
identify foreign partnerships and foreign corporations which are 
controlled by U.S. persons.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 500.

    OMB Control Number: 1545-1647.
    Type of Review: Reinstatement of a previously approved collection.
    Title: Revenue Procedure 2001-21.
    Abstract: The revenue procedure provides for an election that 
allows taxpayers to treat a debt substitution, in certain 
circumstances, as a realization event even though it does not result in 
a significant modification under 26 CFR 1.1001-3.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 75.

    OMB Control Number: 1545-2241.
    Type of Review: Revision of a currently approved collection.
    Title: Offshore Voluntary Disclosure Program (OVDP).
    Form: Forms 14457, 14454, 14453, 14452, 14467, 14653.
    Abstract: This information collection includes Form 14457, Offshore 
Voluntary Disclosure Letter; Form 14454, Attachment to Offshore 
Voluntary Disclosure Letter; Form 14453, Penalty Computation Worksheet; 
Form 14452, Foreign Account or Asset Statement; Form 14467, Statement 
on Abandoned Entities; Form 14653, Certification by U.S. Person 
Residing Outside of the United States for Streamlined Foreign Offshore 
Procedures; Form 14654, Certification by U.S. Person Residing in the 
United States for Streamlined Domestic Offshore Procedures; and Form 
14708, Streamlined Domestic Penalty Reconsideration Request Related to 
Canadian Retirement Plans.
    Affected Public: Individuals or households.
    Estimated Total Annual Burden Hours: 757,000.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016-11629 Filed 5-16-16; 8:45 am]
BILLING CODE 4830-01-P

30610 Federal Register / Vol. 81, No. 95 / Tuesday, May 17, 2016 / Notices

Act of 2015 and the Committee’s each payee for each year relief is Abstract: This information collection
charter. requested. The data is used to verify that includes Form 14457, Offshore
the income tax on the wages was paid Voluntary Disclosure Letter; Form
Michael T. McRaith,
in full. The collection of data affects 14454, Attachment to Offshore
Director, Federal Insurance Office. business, individuals, and households. Voluntary Disclosure Letter; Form
[FR Doc. 2016–11592 Filed 5–16–16; 8:45 am] Affected Public: Businesses or other 14453, Penalty Computation Worksheet;
BILLING CODE 4810–25–P for-profits. Form 14452, Foreign Account or Asset
Estimated Total Annual Burden Statement; Form 14467, Statement on
Hours: 21,250. Abandoned Entities; Form 14653,
DEPARTMENT OF THE TREASURY OMB Control Number: 1545–1617. Certification by U.S. Person Residing
Type of Review: Reinstatement of a Outside of the United States for
Submission for OMB Review;
previously approved collection. Streamlined Foreign Offshore
Comment Request
Title: REG–124069–02 (Final) Section Procedures; Form 14654, Certification
May 12, 2016. 6038—Returns Required with Respect to by U.S. Person Residing in the United
The Department of the Treasury will Controlled Foreign Partnerships; REG– States for Streamlined Domestic
submit the following information 118966–97 (Final) Information Offshore Procedures; and Form 14708,
collection requests to the Office of Reporting with Respect to Certain Streamlined Domestic Penalty
Management and Budget (OMB) for Foreign Partnerships. Reconsideration Request Related to
review and clearance in accordance Abstract: REG–124069–02 Treasury Canadian Retirement Plans.
with the Paperwork Reduction Act of Regulation Sec. 1.6038–3 requires Affected Public: Individuals or
1995, Public Law 104–13, on or after the certain United States person who own households.
date of publication of this notice. interests in controlled foreign Estimated Total Annual Burden
DATES: Comments should be received on partnership to annually report Hours: 757,000.
or before June 16, 2016 to be assured of information to the IRS on Form 8865.
Brenda Simms,
consideration. This regulation amends the reporting
rules under Treasury Regulation section Treasury PRA Clearance Officer.
ADDRESSES: Send comments regarding [FR Doc. 2016–11629 Filed 5–16–16; 8:45 am]
1.6038–e to provide that a U.S. person
the burden estimates, or any other
must follow the filing requirements that BILLING CODE 4830–01–P
aspect of the information collections,
are specified in the instructions for
including suggestions for reducing the
Form 8865 when the U.S. person must
burden, to (1) Office of Information and
file Form 8865 and the foreign DEPARTMENT OF VETERANS
Regulatory Affairs, Office of
partnership completes and files Form AFFAIRS
Management and Budget, Attention:
1065 or Form 1065–B. REG–118966–97
Desk Officer for Treasury, New Advisory Committee on Cemeteries
Section 6038 requires certain U.S.
Executive Office Building, Room 10235, and Memorials, Notice of Meeting
persons who own interest in controlled
Washington, DC 20503, or email at
foreign partnerships or certain foreign The Department of Veterans Affairs
OIRA_Submission@OMB.EOP.gov and
corporations to annually report (VA) gives notice under Federal
(2) Treasury PRA Clearance Officer,
information to the IRS. This regulation Advisory Committee Act, 38 U.S.C.
1750 Pennsylvania Ave. NW., Suite
provides reporting rules to identify App. 2 that a meeting of the Advisory
8117, Washington, DC 20220, or email
foreign partnerships and foreign Committee on Cemeteries and
at PRA@treasury.gov.
corporations which are controlled by Memorials will be held on June 22–23,
FOR FURTHER INFORMATION CONTACT:
U.S. persons. 2016, in the National Cemetery
Copies of the submissions may be Affected Public: Businesses or other
obtained by emailing PRA@treasury.gov, Administration’s training room 104 at
for-profits. 1100 First Street NE., Washington, DC
calling (202) 622–1295, or viewing the Estimated Total Annual Burden
entire information collection request at 20002, from 8:30 a.m. to 4:30 p.m. The
Hours: 500. meeting is open to the public.
www.reginfo.gov.
OMB Control Number: 1545–1647. The purpose of the Committee is to
Internal Revenue Service (IRS) Type of Review: Reinstatement of a advise the Secretary of Veterans Affairs
OMB Control Number: 1545–0364. previously approved collection. on the administration of national
Type of Review: Reinstatement of a Title: Revenue Procedure 2001–21. cemeteries, soldiers’ lots and plots, the
previously approved collection. Abstract: The revenue procedure selection of new national cemetery sites,
Title: Statement of Payments provides for an election that allows the erection of appropriate memorials,
Received. taxpayers to treat a debt substitution, in and the adequacy of Federal burial
Form: Form 4669. certain circumstances, as a realization benefits.
Abstract: Form 4669, Statement of event even though it does not result in On June 22, the Committee will
Payments Received, is used by payers in a significant modification under 26 CFR receive mandatory training from the
specific situations to request relief from 1.1001–3. Office of General Counsel in the
payment of certain required taxes. A Affected Public: Businesses or other morning and updates on VA and
payer who fails to withhold certain for-profits. National Cemetery Administration
required taxes from a payee may be Estimated Total Annual Burden (NCA) issues by appropriate VA staff.
entitled to relief, under sections Hours: 75. On the morning of June 23, the
jstallworth on DSK7TPTVN1PROD with NOTICES

3402(d), 3102(f)(3), 1463 or Regulations OMB Control Number: 1545–2241. Committee will receive background
section 1.1474–4. To apply for relief, a Type of Review: Revision of a information on NCA projects and
payer must show that the payee currently approved collection. updates from ex-officio members.
reported the payments and paid the Title: Offshore Voluntary Disclosure Time will be allocated on both June
corresponding tax. To secure relief as Program (OVDP). 22 and June 23 to receive public
described above, a payer must obtain a Form: Forms 14457, 14454, 14453, comments at 1:00 p.m. Public comments
separate, completed Form 4669 from 14452, 14467, 14653. are limited to three minutes each.

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Document Created: 2018-02-07 15:05:30
Document Modified: 2018-02-07 15:05:30

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 June 16, 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 30610