81 FR 43336 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 127 (July 1, 2016)

[Federal Register Volume 81, Number 127 (Friday, July 1, 2016)]
[Notices]
[Page 43336]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15577]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

June 27, 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 August 1, 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: 1545-0196.
    Type of Review: Revision of a currently approved collection.
    Title: Split-Interest Trust Information Return.
    Form: Form 5227.
    Abstract: The data reported is used to verify that the 
beneficiaries of a charitable remainder trust include the correct 
amounts in their tax returns, and that the split-interest trust is not 
subject to private foundation taxes.
    Estimated Total Annual Burden Hours: 33,138,550.

    OMB Control Number: 1545-0219.
    Type of Review: Revision of a currently approved collection.
    Title: Work Opportunity Credit.
    Form: Form 5884.
    Abstract: IRC section 38(b) (2) allows a credit against income tax 
to employers hiring individuals from certain targeted groups such as 
welfare recipients, etc. The employer uses Form 5884 to figure the 
credit. IRS uses the information on the form to verify that the correct 
amount of credit was claimed.
    Estimated Total Annual Burden Hours: 69,400.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016-15577 Filed 6-30-16; 8:45 am]
 BILLING CODE 4830-01-P