81 FR 39751 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 117 (June 17, 2016)

Page Range		39751-39752
FR Document		2016-14398

Federal Register, Volume 81 Issue 117 (Friday, June 17, 2016)

[Federal Register Volume 81, Number 117 (Friday, June 17, 2016)]
[Notices]
[Pages 39751-39752]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-14398]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

June 14, 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 July 18, 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: 1545-0155.
    Type of Review: Revision of a currently approved collection.
    Title: Investment Credit.
    Form: Form 3468.
    Abstract: Form 3468, Investment Credit, is used to claim the 
investment credit. The investment credit consists of the 
rehabilitation, energy, qualifying advanced coal project, qualifying 
gasification project, and qualifying advanced energy project credits. 
If you file electronically, you must send in a paper Form 8453, U.S. 
Individual Income Tax Transmittal for an IRS e-file Return, if 
attachments are required to Form 3468.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 523,418.

    OMB Control Number: 1545-1231.
    Type of Review: Reinstatement of a previously approved collection.
    Title: Tax Return Preparer Penalties Under Sections 6694 and 6695.
    Abstract: TD 9436 contains final regulations implementing 
amendments to the tax return preparer penalties under sections 6694 and 
6695 of the Internal Revenue Code (Code) and related provisions under 
sections 6060, 6107, 6109, 6696, and 7701(a)(36) reflecting amendments 
to the Code made by section 8246 of the Small Business and Work 
Opportunity Tax Act of 2007 and section 506 of the Tax Extenders and 
Alternative Minimum Tax Relief Act of 2008. The regulations affect tax 
return preparers and provide guidance regarding the amended provisions.

[[Page 39752]]

    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 10,679,320.

    OMB Control Number: 1545-1590.
    Type of Review: Reinstatement of a previously approved collection.
    Title: REG-251698-96 (TD 8869--Final) Subchapter S Subsidiaries.
    Abstract: These regulations relate to the treatment of corporate 
subsidiaries of S corporations and interpret the rules added to the 
Code by section 1308 of the Small Business Job Protection Act of 1996. 
Responses to this collections of information are required to determine 
the manner in which a corporate subsidiary of an S corporation will be 
treated.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 10,110.

    OMB Control Number: 1545-1694.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Ruling 2000-35: Automatic Enrollment in Section 
403(b) Plans.
    Abstract: This ruling specifies the criteria to be met in order to 
automatically reduce an employee's compensation by a certain amount and 
have that amount contributed as an elective deferral to an employer's 
section 403(b) plan.
    Affected Public: State, local or tribal governments; Not-for-profit 
institutions.
    Estimated Total Annual Burden Hours: 175.

    OMB Control Number: 1545-1806.
    Type of Review: Reinstatement of a previously approved collection.
    Title: Form 8883, Asset Allocation Statement Under Section 338.
    Form: 8883.
    Abstract: Form 8883 is used to report information about 
transactions involving the deemed sale of corporate assets under Code 
section 338.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 5,755.

    OMB Control Number: 1545-1851.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: T.D. 9083--Golden Parachute Payments.
    Abstract: T.D. 9083 contains final regulations relating to golden 
parachute payments under section 280G of the Code. The collection of 
information in this regulation is in Sec.  1.280G-1, Q/A-7(a). This 
information is a brief description of all material facts concerning all 
payments which would be parachute payments (but for Sec.  1.280G-1, Q/
A-6). This information may be used by certain corporations with no 
readily tradeable stock (assuming certain shareholder approval 
requirements are also met) to determine if the payments to a 
disqualified individual are exempt from the definition of parachute 
payments.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 12,000.

    OMB Control Number: 1545-2264.
    Type of Review: Revision of a currently approved collection.
    Title: TD 9757; REG-127923-15 Guidance under Sec. 6035 Consistent 
Basis Reporting between Estate & Person Acquiring Property; Form 8971--
Information Regarding Beneficiaries Acquiring Property from a Decedent.
    Form: Form 8971 and Schedule A.
    Abstract: The Surface Transportation and Veterans Health Care 
Choice Improvement Act of 2015 requires executors of an estate and 
other persons who are required to file Form 706, Form 706-NA, or Form 
706-A to report the final estate tax value of property distributed or 
to be distributed from the estate, if the estate tax return is filed 
after July 2015. Form 8971, along with a copy of every Schedule A, is 
used to report values to the IRS. TD 9757 contains temporary 
regulations that provide transition rules providing that executors and 
other persons required to file or furnish a statement under section 
6035(a)(1) or (a)(2) before March 31, 2016, need not do so until March 
31.
    Affected Public: Individuals or households.
    Estimated Total Annual Burden Hours: 53,100.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016-14398 Filed 6-16-16; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 81, No. 117 / Friday, June 17, 2016 / Notices 39751

and U.S. airport operators to submit an hours (25 ‘‘new’’ airports × 2 hours = 50 DATES: Comments should be received on
updated plan every 5 years and to hours) + (395 existing airports × .5 hours or before July 18, 2016 to be assured of
ensure public access to those plans after = 197.5 hours). For U.S. airlines—40 consideration.
DOT approval. The emergency approval hours (60 existing airlines × .5 hours = ADDRESSES: Send comments regarding
terminated on November 30, 2012. 30 hours) + (5 new airlines × 2 hours = the burden estimates, or any other
The Paperwork Reduction Act of 1995 10 hours). aspect of the information collections,
(PRA) and its implementing regulations, 2. Requirement to post tarmac delay including suggestions for reducing the
5 CFR part 1320, require Federal plan on Web sites. burden, to (1) Office of Information and
agencies to issue two notices seeking Respondents: Each large, medium, Regulatory Affairs, Office of
public comment on information small and non-hub airport in the U.S.; Management and Budget, Attention:
collection activities before OMB may U.S. carriers that operate scheduled Desk Officer for Treasury, New
approve paperwork packages. 44 U.S.C. passenger service or public charter Executive Office Building, Room 10235,
3506, 3507; 5 CFR 1320.5, 1320.8(d)(1), service operating to or from the United Washington, DC 20503, or email at
1320.12. On June 2, 2015, OST States, using any aircraft with a design OIRA_Submission@OMB.EOP.gov and
published a 60-day notice in the Federal capacity of 30 or more seats.
(2) Treasury PRA Clearance Officer,
Register soliciting comment on ICRs for Estimated Number of Respondents:
1750 Pennsylvania Ave. NW., Suite
which the agency was seeking OMB 420 U.S. airports and 65 U.S. airlines.
Estimated Total Frequency: Every 5 8117, Washington, DC 20220, or email
approval. See 80 FR 105 at 31455. OST at PRA@treasury.gov.
received no comments after issuing this years for covered U.S. airports; every 3
years for covered U.S. airlines (if not FOR FURTHER INFORMATION CONTACT:
notice. Accordingly, the Department
announces that these information already posted or if there are updates). Copies of the submissions may be
collection activities have been re- Burden on Respondents: 121.25 hours obtained by emailing PRA@treasury.gov,
evaluated and certified under 5 CFR (420 airports × .25 hours = 105 hours) calling (202) 622–1295, or viewing the
1320.5(a) and forwarded to OMB for + (65 airlines × .25 hours = 16.25 hours). entire information collection request at
review and approval pursuant to 5 CFR Public Comments are invited on: www.reginfo.gov.
1320.12(c). Whether the proposed collection of
Internal Revenue Service (IRS)
Before OMB decides whether to information is necessary for the proper
performance of the functions of the OMB Control Number: 1545–0155.
approve these proposed collections of
Department, including whether the Type of Review: Revision of a
information, it must provide 30 days for
information will have practical utility; currently approved collection.
public comment. 44 U.S.C. 3507(b); 5
the accuracy of the Department’s Title: Investment Credit.
CFR 1320.12(d). Federal law requires
estimate of the burden of the proposed Form: Form 3468.
OMB to approve or disapprove Abstract: Form 3468, Investment
paperwork packages between 30 and 60 information collection; ways to enhance
the quality, utility and clarity of the Credit, is used to claim the investment
days after the 30-day notice is credit. The investment credit consists of
published. 44 U.S.C. 3507(b)–(c); 5 CFR information to be collected; and ways to
minimize the burden of the collection of the rehabilitation, energy, qualifying
1320.12(d); see also 60 FR 44978, 44983 advanced coal project, qualifying
(Aug. 29, 1995). The 30-day notice information on respondents without
reducing the quality of the collection of gasification project, and qualifying
informs the regulated community to file advanced energy project credits. If you
relevant comments to OMB and affords information, including the use of
automated collection techniques or file electronically, you must send in a
the agency adequate time to digest paper Form 8453, U.S. Individual
public comments before it renders a other forms of information technology.
All comments will also become a matter Income Tax Transmittal for an IRS e-file
decision. 60 FR 44983 (Aug. 29, 1995). Return, if attachments are required to
Therefore, respondents should submit of public record.
Form 3468.
their respective comments to OMB Authority: The Paperwork Reduction Act
of 1995; 44 U.S.C. Chapter 35, as amended; Affected Public: Businesses or other
within 30 days of publication to best for-profits.
ensure their full consideration. 5 CFR and 49 CFR 1:48.
Estimated Total Annual Burden
1320.12(c); see also 60 FR 44983 (Aug. Issued in Washington, DC, on June 10,
Hours: 523,418.
29, 1995). 2016.
For each of these information Claire W. Barrett, OMB Control Number: 1545–1231.
collections, the title, a description of the DOT Chief Privacy & Information Governance
Type of Review: Reinstatement of a
respondents, and an estimate of the Officer, Office of the Secretary. previously approved collection.
annual recordkeeping and periodic Title: Tax Return Preparer Penalties
[FR Doc. 2016–14361 Filed 6–16–16; 8:45 am]
reporting burden are set forth below: Under Sections 6694 and 6695.
BILLING CODE 4910–9X–P
1. Requirement to submit tarmac Abstract: TD 9436 contains final
delay plan to DOT for review and regulations implementing amendments
approval. to the tax return preparer penalties
DEPARTMENT OF THE TREASURY under sections 6694 and 6695 of the
Respondents: Each large, medium,
small and non-hub airport in the U.S.; Submission for OMB Review; Internal Revenue Code (Code) and
U.S. carriers that operate scheduled Comment Request related provisions under sections 6060,
passenger service or public charter 6107, 6109, 6696, and 7701(a)(36)
service using any aircraft with a design June 14, 2016. reflecting amendments to the Code
The Department of the Treasury will made by section 8246 of the Small
sradovich on DSK3TPTVN1PROD with NOTICES

capacity of 30 or more seats.
Estimated Number of Respondents: submit the following information Business and Work Opportunity Tax
420 U.S. airports and 65 U.S. airlines. collection requests to the Office of Act of 2007 and section 506 of the Tax
Frequency: Every 5 years for covered Management and Budget (OMB) for Extenders and Alternative Minimum
U.S. airports; every 3 years for covered review and clearance in accordance Tax Relief Act of 2008. The regulations
U.S. airlines. with the Paperwork Reduction Act of affect tax return preparers and provide
Estimated Total Burden on 1995, Public Law 104–13, on or after the guidance regarding the amended
Respondents: For U.S. airports—247.5 date of publication of this notice. provisions.

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39752 Federal Register / Vol. 81, No. 117 / Friday, June 17, 2016 / Notices

Affected Public: Businesses or other concerning all payments which would a formal charter for the Federal Public
for-profits. be parachute payments (but for Defenders Advisory Group, the
Estimated Total Annual Burden § 1.280G–1, Q/A–6). This information Commission is constituting the initial
Hours: 10,679,320. may be used by certain corporations voting membership of the advisory
OMB Control Number: 1545–1590. with no readily tradeable stock group under that charter. Under the
Type of Review: Reinstatement of a (assuming certain shareholder approval charter, the advisory group will consist
previously approved collection. requirements are also met) to determine of not more than 17 voting members. Of
Title: REG–251698–96 (TD 8869— if the payments to a disqualified those 17 voting members, one shall be
Final) Subchapter S Subsidiaries. individual are exempt from the Chair, one shall be Vice Chair, 12 shall
Abstract: These regulations relate to definition of parachute payments. be circuit members (one for each federal
the treatment of corporate subsidiaries Affected Public: Businesses or other judicial circuit other than the Federal
of S corporations and interpret the rules for-profits. Circuit), and three shall be at-large
added to the Code by section 1308 of the Estimated Total Annual Burden members. As indicated in the
Small Business Job Protection Act of Hours: 12,000. SUPPLEMENTARY INFORMATION section
1996. Responses to this collections of OMB Control Number: 1545–2264. below, to be eligible to serve as a voting
information are required to determine Type of Review: Revision of a member, an individual must be an
the manner in which a corporate currently approved collection. attorney (1) from a federal public
subsidiary of an S corporation will be Title: TD 9757; REG–127923–15 defender organization or community
treated. Guidance under Sec. 6035 Consistent defender organization; (2) with
Affected Public: Businesses or other Basis Reporting between Estate & Person significant experience with federal
for-profits. Acquiring Property; Form 8971— sentencing or post convictions issues
Estimated Total Annual Burden Information Regarding Beneficiaries related to criminal sentences; and (3) in
Hours: 10,110. Acquiring Property from a Decedent. good standing of the highest court of the
OMB Control Number: 1545–1694. Form: Form 8971 and Schedule A. jurisdiction or jurisdictions in which he
Type of Review: Extension without Abstract: The Surface Transportation or she is admitted to practice. All voting
change of a currently approved and Veterans Health Care Choice members are selected and appointed by
collection. Improvement Act of 2015 requires the Commission. Circuit members must
Title: Revenue Ruling 2000–35: executors of an estate and other persons be from a federal public defender
Automatic Enrollment in Section 403(b) who are required to file Form 706, Form organization or federal community
Plans. 706–NA, or Form 706–A to report the defender organization located within
Abstract: This ruling specifies the final estate tax value of property the circuit they are appointed to
criteria to be met in order to distributed or to be distributed from the represent. The Commission hereby
automatically reduce an employee’s estate, if the estate tax return is filed invites any individual who is eligible to
compensation by a certain amount and after July 2015. Form 8971, along with be appointed to the initial voting
have that amount contributed as an a copy of every Schedule A, is used to membership of the Federal Public
elective deferral to an employer’s report values to the IRS. TD 9757 Defenders Advisory Group to apply.
section 403(b) plan. contains temporary regulations that Application materials should be
Affected Public: State, local or tribal provide transition rules providing that received by the Commission not later
governments; Not-for-profit institutions. executors and other persons required to than August 8, 2016. An applicant for
Estimated Total Annual Burden file or furnish a statement under section voting membership of the Federal
Hours: 175. Public Defenders Advisory Group
6035(a)(1) or (a)(2) before March 31,
should apply by sending a letter of
OMB Control Number: 1545–1806. 2016, need not do so until March 31.
interest and resume to the Commission
Type of Review: Reinstatement of a Affected Public: Individuals or
as indicated in the ADDRESSES section
previously approved collection. households.
below.
Title: Form 8883, Asset Allocation Estimated Total Annual Burden
Statement Under Section 338. Hours: 53,100. DATES: Application materials for the
Form: 8883. initial voting membership of the Federal
Brenda Simms, Public Defenders Advisory Group
Abstract: Form 8883 is used to report
Treasury PRA Clearance Officer. should be received not later than August
information about transactions
involving the deemed sale of corporate [FR Doc. 2016–14398 Filed 6–16–16; 8:45 am] 8, 2016.
assets under Code section 338. BILLING CODE 4830–01–P ADDRESSES: An applicant for voting
Affected Public: Businesses or other membership of the Federal Public
for-profits. Defenders Advisory Group should apply
Estimated Total Annual Burden UNITED STATES SENTENCING by sending a letter of interest and
Hours: 5,755. COMMISSION resume to the Commission by electronic
OMB Control Number: 1545–1851. mail or regular mail. The email address
Request for Applications; Federal is pubaffairs@ussc.gov. The regular mail
Type of Review: Extension without
Public Defenders Advisory Group address is United States Sentencing
change of a currently approved
collection. AGENCY: United States Sentencing Commission, One Columbus Circle NE.,
Title: T.D. 9083—Golden Parachute Commission. Suite 2–500, South Lobby, Washington,
Payments. DC 20002–8002, Attention: Public
sradovich on DSK3TPTVN1PROD with NOTICES

ACTION: Notice.
Abstract: T.D. 9083 contains final Affairs.
regulations relating to golden parachute SUMMARY: The Commission has decided FOR FURTHER INFORMATION CONTACT:
payments under section 280G of the to establish a Federal Public Defenders Christine Leonard, Director, Office of
Code. The collection of information in Advisory Group as a standing advisory Legislative and Public Affairs, (202)
this regulation is in § 1.280G–1, group pursuant to 28 U.S.C. 995 and 502–4500, pubaffairs@ussc.gov. More
Q/A–7(a). This information is a brief Rule 5.4 of the Commission’s Rules of information about the Federal Public
description of all material facts Practice and Procedure. Having adopted Defenders Advisory Group (including

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Document Created: 2016-06-17 01:04:26
Document Modified: 2016-06-17 01:04:26

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 July 18, 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 39751