81 FR 38774 - Proposed Information Collection; Comment Request

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 114 (June 14, 2016)

Page Range		38774-38775
FR Document		2016-14108

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 114 (Tuesday, June 14, 2016)

[Federal Register Volume 81, Number 114 (Tuesday, June 14, 2016)]
[Notices]
[Pages 38774-38775]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-14108]


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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 August 15, 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 6526, 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 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

[[Page 38775]]

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: Certain Payments Made Pursuant to a Securities Lending 
Transaction.
    OMB Number: 1545-1566.
    Notice Number: Notice 97-66 and Notice 2010-46.
    Abstract: Notice 97-66 modifies final regulations which were 
effective November 14, 1997. The notice relaxes the statement 
requirement with respect to substitute interest payments relating to 
securities loans and sale-repurchase transactions. It also provides a 
withholding mechanism to eliminate excessive withholding on multiple 
payments in a chain of substitute dividend payments. Notice 2010-46 
modifies Notice 97-66, by providing necessary information to ensure 
taxpayers are not subject to excessive tax pursuant to IRC section 
871(l). The information will allow a withholding agent to make a 
substitute dividend payment to certain counterparties in a series of 
securities lending transactions without withholding and depositing 
additional excessive tax.
    Current Actions: There are no changes being made to the notices at 
this time.
    Type of Review: Extension of currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 383,500.
    Estimated Time per Respondent: 10 minutes.
    Estimated Total Annual Burden Hours: 62,750.
    2. Title: Volunteer Return Preparation Critical Intake Sheet--NR.
    OMB Number: 1545-2075.
    Form Number: 13614-NR.
    Abstract: This form will be used at the nonresident alien VITA 
sites by volunteers to gather information--relevant to tax 
preparation--from taxpayer's.
    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.
    Estimated Number of Respondents: 565,039.
    Estimated Time per Respondent: 15 minutes.
    Estimated Total Annual Reporting Burden Hours: 141,260.
    3. Title: Minimum Tax--Tax Benefit Rule.
    OMB Number: 1545-1093.
    Regulation Project Number: IA-56-87 and IA-53-87 (TD 8416).
    Abstract: Section 58(h) of the Internal Revenue Code provides that 
the Secretary of the Treasury shall prescribe regulations that adjust 
tax preference items where such items provided no tax benefit for any 
taxable year. This regulation provides guidance for situations where 
tax preference items did not result in a tax benefit because of 
available credits or refund of minimum tax paid on such preferences.
    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: 200.
    Estimated Time per Respondent: 12 minutes.
    Estimated Total Annual Burden Hours: 40.
    4. 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 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: 5,500.
    Estimated Time per Respondent: 7 hrs., 2 min.
    Estimated Total Annual Reporting Burden Hours: 35,195.
    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: June 6, 2016.
Elaine Christophe,
IRS Tax Analyst.
[FR Doc. 2016-14108 Filed 6-13-16; 8:45 am]
 BILLING CODE 4830-01-P

38774 Federal Register / Vol. 81, No. 114 / Tuesday, June 14, 2016 / Notices

subsection 6018(b)(2). The Working Freight Statistics Program and related SUMMARY: The Department of the
Group will operate in accordance with provisions. The Working Group will Treasury, as part of its continuing effort
the provisions of the Federal Advisory commence development of a list of tasks to reduce paperwork and respondent
Committee Act (FACA) and the rules and subtask necessary for it to: burden, invites the general public and
and regulations issued in (a) Identify a generally accepted other Federal agencies to take this
implementation of that Act. industry standard for port data opportunity to comment on proposed
DATES: The meeting will be held on July collection and reporting. and/or continuing information
15, 2016, from 10:30 a.m. to 4:30 p.m., (b) Specify standards for collecting collections, as required by the
Eastern Standard Time. data and reporting nationally consistent Paperwork Reduction Act of 1995,
ADDRESSES: The meeting will be at U.S. port performance measures. Public Law 104–13 (44 U.S.C.
Department of Transportation; 1200 (c) Make recommendations for 3506(c)(2)(A)).
New Jersey Avenue SE., Washington, statistics measuring on U.S. port DATES: Written comments should be
DC 20590. Any person requiring capacity and throughput. received on or before August 15, 2016
accessibility accommodations should (d) Develop a process for the U.S. to be assured of consideration.
contact Matthew Chambers at (202) Department of Transportation (hereafter, ADDRESSES: Direct all written comments
366–1270 or via email at: portstatistics@ ‘‘Department’’) to collect timely and to Tuawana Pinkston, Internal Revenue
dot.gov. consistent data, including identifying Service, Room 6526, 1111 Constitution
FOR FURTHER INFORMATION CONTACT: U.S. safeguards to protect proprietary Avenue NW., Washington, DC 20224, or
Department of Transportation, Office of information. at Elaine.H.Christophe@irs.gov. Please
the Assistant Secretary for Research and The final meeting agenda will be send separate comments for each
Technology, Bureau of Transportation posted on the BTS Web site at specific information collection listed
Statistics, Attn: Port Performance www.bts.gov/port_performance in below. You must reference the
Freight Statistics Working Group, 1200 advance of the meeting. information collection’s title, form
New Jersey Avenue SE., Room #E32– Public Participation: The meeting will number, reporting or record-keeping
342, Washington, DC 20590. be open to the public on a first-come, requirement number, and OMB number
SUPPLEMENTARY INFORMATION:
first served basis, especially because (if any) in your comment.
Background: The Port Performance space is limited. Members of the public FOR FURTHER INFORMATION CONTACT: To
Freight Statistics Working Group has who wish to attend in-person are asked obtain additional information, or copies
been created in accordance with Section to send RSVPs, including name and of the information collection and
6018 of the Fixing America’s Surface affiliation to portstatistics@dot.gov by instructions, or copies of any comments
Transportation (FAST) Act (Pub. L. July 11, 2016 in order to request a seat received, contact Elaine Christophe, at
114–94; Dec. 4, 2015; 129 Stat. 1312). and to facilitate entry. Any person Internal Revenue Service, Room 6526,
The Working Group supports requiring accessibility accommodation, 1111 Constitution Avenue NW.,
development of the newly-established such as sign language interpretation, Washington, DC 20224, or through the
BTS Port Performance Freight Statistics should contact Matthew Chambers at internet, at Elaine.H.Christophe@irs.gov.
Program. The goal of the program is ‘‘to (202) 366–1270 or via email at:
SUPPLEMENTARY INFORMATION:
provide nationally consistent measures portstatistics@dot.gov five (5) business
of performance’’ of the nation’s largest days before the meeting. Request for Comments
ports, and to report annually to Written Comments: Persons who wish The Department of the Treasury and
Congress on port capacity and to submit written comments for the Internal Revenue Service, as part of
throughput. consideration by the Working Group their continuing effort to reduce
The Working Group is established in must send them via email to paperwork and respondent burden,
the FAST Act to provide portstatistics@dot.gov or mail to invite the general public and other
recommendations to the BTS Director Matthew Chambers, Designated Federal Federal agencies to take this
on matters related to port performance Officer, Port Performance Freight opportunity to comment on the
measures; to identify a standard for port Statistics Working Group, 1200 New proposed or continuing information
data; to specify standards for consistent Jersey Avenue SE., Room #E32–342, collections listed below in this notice,
port performance measures; to Washington, DC 20590, which must be as required by the Paperwork Reduction
recommend statistics for measuring port received on or before July 11, 2016. Act of 1995, (44 U.S.C. 3501 et seq.).
capacity and throughput; and to develop Issued in Washington, DC, on June 8, 2016. Request for Comments: Comments
a process to collect timely and Patricia S. Hu, submitted in response to this notice will
consistent data. The FAST Act also Director, Bureau of Transportation Statistics. be summarized and/or included in our
identifies the membership of the [FR Doc. 2016–13991 Filed 6–13–16; 8:45 am] request for Office of Management and
Working Group, and sets a due date for BILLING CODE 4910–9X–P
Budget (OMB) approval of the relevant
recommendations to the BTS Director of information collection. All comments
December 4, 2016. will become a matter of public record.
Agenda: This will be the Working Please do not include any confidential
Group’s first meeting and will include a DEPARTMENT OF THE TREASURY or inappropriate material in your
nonpublic administrative work session, comments.
including briefings on their Internal Revenue Service We invite comments on: (a) Whether
responsibilities as Special Government the collection of information is
srobinson on DSK5SPTVN1PROD with NOTICES

Employees before the public session. Proposed Information Collection; necessary for the proper performance of
The public session, starting at 10:30 Comment Request the agency’s functions, including
a.m., will include U.S. Department of AGENCY: Internal Revenue Service (IRS), whether the information has practical
Transportation staff providing an Treasury. utility; (b) the accuracy of the agency’s
overview of FAST ACT and an update estimate of the burden of the collection
ACTION: Notice and request for
of the Department’s progress of information; (c) ways to enhance the
comments.
implementing its Port Performance quality, utility, and clarity of the

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Federal Register / Vol. 81, No. 114 / Tuesday, June 14, 2016 / Notices 38775

information to be collected; (d) ways to 2. Title: Volunteer Return Preparation Organization Declaration for Electronic
minimize the burden of the collection of Critical Intake Sheet—NR. Filing of Notice of Section 527 Status.
information on respondents, including OMB Number: 1545–2075. OMB Number: 1545–1693.
the use of automated collection Form Number: 13614–NR. Form Number: Forms 8871 and 8453–
techniques or other forms of information Abstract: This form will be used at the X.
technology; and (e) estimates of capital nonresident alien VITA sites by Abstract: Public Law 106–230 as
or start-up costs and costs of operation, volunteers to gather information— amended by Public Law 107–276,
maintenance, and purchase of services relevant to tax preparation—from amended Internal Revenue Code section
to provide the requested information. taxpayer’s. 527(i) to require certain political
Currently, the IRS is seeking comments Current Actions: There are no changes organizations to provide information to
concerning the following forms, and being made to the revenue procedure at the IRS regarding their name and
reporting and record-keeping this time. address, their purpose, and the names
requirements: Type of Review: Extension of a and addresses of their officers, highly
1. Title: Certain Payments Made currently approved collection. compensated employees, Board of
Pursuant to a Securities Lending Affected Public: Individuals or Directors, and related entities within the
Transaction. Households. meaning of section 168(h)(4)). Forms
OMB Number: 1545–1566. Estimated Number of Respondents: 8871 and 8453–X are used to report this
Notice Number: Notice 97–66 and 565,039. information to the IRS.
Notice 2010–46. Estimated Time per Respondent: 15
Current Actions: There are no changes
Abstract: Notice 97–66 modifies final minutes.
Estimated Total Annual Reporting being made to the revenue procedure at
regulations which were effective this time.
Burden Hours: 141,260.
November 14, 1997. The notice relaxes Type of Review: Extension of a
3. Title: Minimum Tax—Tax Benefit
the statement requirement with respect currently approved collection.
Rule.
to substitute interest payments relating OMB Number: 1545–1093. Affected Public: Not-for-profit
to securities loans and sale-repurchase Regulation Project Number: IA–56–87 institutions.
transactions. It also provides a and IA–53–87 (TD 8416). Estimated Number of Respondents:
withholding mechanism to eliminate Abstract: Section 58(h) of the Internal 5,500.
excessive withholding on multiple Revenue Code provides that the Estimated Time per Respondent: 7
payments in a chain of substitute Secretary of the Treasury shall prescribe hrs., 2 min.
dividend payments. Notice 2010–46 regulations that adjust tax preference Estimated Total Annual Reporting
modifies Notice 97–66, by providing items where such items provided no tax Burden Hours: 35,195.
necessary information to ensure benefit for any taxable year. This The following paragraph applies to all
taxpayers are not subject to excessive regulation provides guidance for of the collections of information covered
tax pursuant to IRC section 871(l). The situations where tax preference items by this notice:
information will allow a withholding did not result in a tax benefit because An agency may not conduct or
agent to make a substitute dividend of available credits or refund of sponsor, and a person is not required to
payment to certain counterparties in a minimum tax paid on such preferences. respond to, a collection of information
series of securities lending transactions Current Actions: There is no change to unless the collection of information
without withholding and depositing this existing regulation. displays a valid OMB control number.
additional excessive tax. Type of Review: Extension of a Books or records relating to a collection
Current Actions: There are no changes currently approved collection. of information must be retained as long
being made to the notices at this time. Affected Public: Business or other for- as their contents may become material
Type of Review: Extension of profit organizations. in the administration of any internal
currently approved collection. Estimated Number of Respondents: revenue law. Generally, tax returns and
Affected Public: Business or other for- 200. tax return information are confidential,
profit organizations. Estimated Time per Respondent: 12 as required by 26 U.S.C. 6103.
Estimated Number of Respondents: minutes.
383,500. Approved: June 6, 2016.
Estimated Total Annual Burden
Estimated Time per Respondent: 10 Hours: 40. Elaine Christophe,
minutes. 4. Title: Form 8871, Political IRS Tax Analyst.
Estimated Total Annual Burden Organization Notice of Section 527 [FR Doc. 2016–14108 Filed 6–13–16; 8:45 am]
Hours: 62,750. Status; Form 8453–X, Political BILLING CODE 4830–01–P
srobinson on DSK5SPTVN1PROD with NOTICES

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Document Created: 2016-06-14 02:59:04
Document Modified: 2016-06-14 02:59:04

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comments.
Dates		Written comments should be received on or before August 15, 2016 to be assured of consideration.
Contact		To obtain additional information, or copies of the information collection and instructions, or copies of any comments received, contact Elaine Christophe, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet, at [email protected]
FR Citation		81 FR 38774

81 FR 38774 - Proposed Information Collection; Comment Request

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 114 (June 14, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service