81 FR 49716 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 145 (July 28, 2016)

Page Range		49716-49717
FR Document		2016-17885

Federal Register, Volume 81 Issue 145 (Thursday, July 28, 2016)

[Federal Register Volume 81, Number 145 (Thursday, July 28, 2016)]
[Notices]
[Pages 49716-49717]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-17885]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 25, 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 29, 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: 1545-0096.
    Type of Review: Extension of a currently approved collection.
    Title: Dividend Equivalents from Sources within the United States 
REG-120282-10 (TD 9734) & Forms 1042, 1042-S and 1042-T.
    Form: Forms 1042, 1042-S, 1042-T.
    Abstract: Form 1042 is used to report tax withheld under chapter 3 
of the Internal Revenue Code (IRC) on certain income of foreign 
persons, including nonresident aliens, foreign partnerships, foreign 
corporations, foreign estates, and foreign trusts; tax withheld under 
chapter 4 on withholdable payments; tax withheld pursuant to Code 
section 5000C on specified federal procurement payments; and payments 
that are reported on Form 1042-S under chapters 3 or 4. Form 1042-T is 
used to transmit paper Forms 1042-S, Foreign Person's U.S. Source 
Income Subject to Withholding, to the IRS.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,945,594.

    OMB Control Number: 1545-0145.
    Type of Review: Extension of a currently approved collection.
    Title: Notice to Shareholder of Undistributed Long-Term Capital 
Gains.
    Form: Form 2439.
    Abstract: Form 2439 is used to provide shareholders of a regulated 
investment company (RIC) or a real estate investment trust (REIT) the 
amount of undistributed long-term capital gains.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 29,995.

    OMB Control Number: 1545-0160.
    Type of Review: Extension of a currently approved collection.
    Title: Form 3520-A, Annual Information Return of Foreign Trust With 
a U.S. Owner.
    Form: Form 3520-A.
    Abstract: Form 3520-A is the annual information return of a foreign 
trust with at least one U.S. owner. The form provides information about 
the foreign trust, its U.S. beneficiaries, and any U.S. person who is 
treated as an owner of any portion of the foreign trust under the 
grantor trust rules (as described in IRC sections 671 through 679).
    Affected Public: Individuals or households.
    Estimated Total Annual Burden Hours: 21,700.

    OMB Control Number: 1545-0755.
    Type of Review: Extension of a currently approved collection.
    Title: Related Group Election With Respect to Qualified Investments 
in Foreign Base Company Shipping Operations.
    Abstract: Treasury Decision (TD) 7959 contains final income tax 
regulations relating to the election made by a related group to 
determine foreign base company shipping income and qualified 
investments in foreign base company shipping operations on a related 
group basis. The information collection involves the requirement for a 
U.S. shareholder to provide a statement to make the election.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 205.

    OMB Control Number: 1545-1341.
    Type of Review: Reinstatement of a previously approved collection.
    Title: TD 8619 (Final) (EE-43-92l) Direct Rollovers and 20-Percent 
Withholding Upon Eligible Rollover Distributions From Qualified Plans.
    Abstract: TD 8619 contains final regulations relating to eligible 
rollover distributions from tax-qualified retirement plans and section 
403(b) annuities.

[[Page 49717]]

    Affected Public: Individuals or households.
    Estimated Total Annual Burden Hours: 643,369.

    OMB Control Number: 1545-1450.
    Type of Review: Extension of a currently approved collection.
    Title: Debt Instructions With Originals Issue Discount; Contingent 
Payments; Anti-Abuse Rule (TD 8674).
    Abstract: The collections of information contained in the final 
regulations in TD 8674 are required to determine a taxpayer's interest 
income or deductions on a contingent payment debt instrument.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 89,000.

    OMB Control Number: 1545-1660.
    Type of Review: Reinstatement of a previously approved collection.
    Title: Notice 99-43, Nonrecognition Exchanges under Section 897.
    Abstract: The collections of information required by this notice 
are in Temp. Reg. Sec.  1.897-6T(a)(1) and 1.897-5T(d)(1)(iii), Treas. 
Reg. Sec.  1.1445-2(d)(2)(i)(A) and Temp. Reg. Sec.  1.1445-9T. This 
information will be used to obtain exemptions from tax under certain 
nonrecognition transactions and to satisfy reporting requirements 
regarding these nonrecognition transactions. This information will be 
used by the IRS to verify whether a taxpayer is entitled to exemption 
from tax under a nonrecognition transaction.
    Affected Public: Individuals or households; Businesses or other 
for-profits.
    Estimated Total Annual Burden Hours: 200.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016-17885 Filed 7-27-16; 8:45 am]
 BILLING CODE 4830-01-P

49716 Federal Register / Vol. 81, No. 145 / Thursday, July 28, 2016 / Notices

Alcohol and Tobacco Tax and Trade DEPARTMENT OF THE TREASURY Type of Review: Extension of a
Bureau. currently approved collection.
Abstract: TTB administers several Submission for OMB Review; Title: Notice to Shareholder of
provisions of the U.S. Code that relate Comment Request Undistributed Long-Term Capital Gains.
to the importation of alcohol beverages, Form: Form 2439.
July 25, 2016. Abstract: Form 2439 is used to
industrial spirits, tobacco products,
processed tobacco, and cigarette papers The Department of the Treasury will provide shareholders of a regulated
and tubes. The International Trade Data submit the following information investment company (RIC) or a real
System (ITDS) is an interagency collection requests to the Office of estate investment trust (REIT) the
program to establish a single electronic Management and Budget (OMB) for amount of undistributed long-term
access point through which importers review and clearance in accordance capital gains.
and exporters may submit the data with the Paperwork Reduction Act of Affected Public: Businesses or other
required by Federal government 1995, Public Law 104–13, on or after the for-profits.
agencies for importation and date of publication of this notice. Estimated Total Annual Burden
exportation. The Security and DATES: Comments should be received on Hours: 29,995.
Accountability for Every Port Act (SAFE or before August 29, 2016 to be assured OMB Control Number: 1545–0160.
Port Act) (Pub. L. 109–347) of 2006 of consideration. Type of Review: Extension of a
mandated participation in ITDS for all ADDRESSES: Send comments regarding currently approved collection.
agencies that require documentation for the burden estimates, or any other Title: Form 3520–A, Annual
clearing or licensing the importation aspect of the information collections, Information Return of Foreign Trust
and exportation of cargo. including suggestions for reducing the With a U.S. Owner.
The Automated Commercial burden, to (1) Office of Information and Form: Form 3520–A.
Environment (ACE) provides a ‘‘single Regulatory Affairs, Office of Abstract: Form 3520–A is the annual
window’’ that allows importers and Management and Budget, Attention: information return of a foreign trust
exporters to enter one set of data for Desk Officer for Treasury, New with at least one U.S. owner. The form
each shipment of imported or exported Executive Office Building, Room 10235, provides information about the foreign
goods. The TTB Partner Government Washington, DC 20503, or email at trust, its U.S. beneficiaries, and any U.S.
Agency (PGA) Message Set defines the OIRA_Submission@OMB.EOP.gov and person who is treated as an owner of
TTB-specific information that importers (2) Treasury PRA Clearance Officer, any portion of the foreign trust under
may submit electronically through ACE 1750 Pennsylvania Ave. NW., Suite the grantor trust rules (as described in
to meet TTB requirements. 8117, Washington, DC 20220, or email IRC sections 671 through 679).
With regard to imports, TTB intends at PRA@treasury.gov. Affected Public: Individuals or
to issue an alternate method to allow FOR FURTHER INFORMATION CONTACT: households.
importers to submit the TTB PGA Copies of the submissions may be Estimated Total Annual Burden
Message Set electronically, in lieu of obtained by emailing PRA@treasury.gov, Hours: 21,700.
submitting paper documents to U.S. calling (202) 622–1295, or viewing the OMB Control Number: 1545–0755.
Customs and Border Protection (CBP) at entire information collection request at Type of Review: Extension of a
importation. This information collection www.reginfo.gov. currently approved collection.
covers the data that would be submitted Title: Related Group Election With
electronically through ACE under that Internal Revenue Service (IRS) Respect to Qualified Investments in
alternate method. Most of the OMB Control Number: 1545–0096. Foreign Base Company Shipping
information that the alternate method Type of Review: Extension of a Operations.
will require importers to submit through currently approved collection. Abstract: Treasury Decision (TD) 7959
ACE is already required by TTB’s Title: Dividend Equivalents from contains final income tax regulations
regulations. However, there are some Sources within the United States REG– relating to the election made by a
additional requirements. For example, 120282–10 (TD 9734) & Forms 1042, related group to determine foreign base
importers who are required to have a 1042–S and 1042–T. company shipping income and qualified
TTB permit number will submit their Form: Forms 1042, 1042–S, 1042–T. investments in foreign base company
TTB permit number when filing Abstract: Form 1042 is used to report shipping operations on a related group
electronically in ACE. In general, tax withheld under chapter 3 of the basis. The information collection
importers of TTB-regulated Internal Revenue Code (IRC) on certain involves the requirement for a U.S.
commodities are required to obtain a income of foreign persons, including shareholder to provide a statement to
permit from TTB, but they have not nonresident aliens, foreign partnerships, make the election.
previously been required by regulation foreign corporations, foreign estates, and Affected Public: Businesses or other
to file that number with CBP. The foreign trusts; tax withheld under for-profits.
information collected under this chapter 4 on withholdable payments; Estimated Total Annual Burden
information collection appears in the tax withheld pursuant to Code section Hours: 205.
‘‘ACE Filing Instructions for TTB- 5000C on specified federal procurement OMB Control Number: 1545–1341.
Regulated Commodities’’ available at payments; and payments that are Type of Review: Reinstatement of a
www.cbp.gov. reported on Form 1042–S under previously approved collection.
Affected Public: Businesses or other chapters 3 or 4. Form 1042–T is used to Title: TD 8619 (Final) (EE–43–92l)
for-profits. transmit paper Forms 1042–S, Foreign Direct Rollovers and 20-Percent
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Estimated Total Annual Burden Person’s U.S. Source Income Subject to Withholding Upon Eligible Rollover
Hours: 36,838. Withholding, to the IRS. Distributions From Qualified Plans.
Affected Public: Businesses or other Abstract: TD 8619 contains final
Brenda Simms, for-profits. regulations relating to eligible rollover
Treasury PRA Clearance Officer. Estimated Total Annual Burden distributions from tax-qualified
[FR Doc. 2016–17875 Filed 7–27–16; 8:45 am] Hours: 2,945,594. retirement plans and section 403(b)
BILLING CODE 4810–31–P OMB Control Number: 1545–0145. annuities.

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Federal Register / Vol. 81, No. 145 / Thursday, July 28, 2016 / Notices 49717

Affected Public: Individuals or Committee’’). The Committee was SUPPLEMENTARY INFORMATION: VHA is
households. established pursuant to Public Law 105– requesting nominations for upcoming
Estimated Total Annual Burden 368, Section 104, to provide advice to vacancies on the Committee. The
Hours: 643,369. the Secretary of Veterans Affairs Committee is currently composed of 16
OMB Control Number: 1545–1450. (Secretary) on the proposed research members. The members of the
Type of Review: Extension of a studies, plans, and strategies related to Committee are appointed by the
currently approved collection. understanding and treating the health Secretary from the general public,
Title: Debt Instructions With Originals consequences of military service in the including but not limited to:
Issue Discount; Contingent Payments; Southwest Asia theatre of operations (1) Gulf War Veterans;
Anti-Abuse Rule (TD 8674). during the 1990–1991 Gulf War. In (2) Representatives of such Veterans;
Abstract: The collections of accordance with the statute and the (3) Members of the medical and
information contained in the final Committee’s current charter, the scientific communities representing
regulations in TD 8674 are required to majority of the membership shall disciplines such as, but not limited to,
determine a taxpayer’s interest income consist of non-Federal employees, epidemiology, immunology,
or deductions on a contingent payment appointed by the Secretary from the environmental health, neurology, and
debt instrument. general public, serving as Special toxicology.
Affected Public: Businesses or other Government employees. The Committee To the extent possible, the Secretary
for-profits. provides, not later than December 1 of seeks members who have diverse
Estimated Total Annual Burden each year, an annual report professional and personal qualifications.
Hours: 89,000. summarizing its activities for the We ask that nominations include
OMB Control Number: 1545–1660. preceding year. The Secretary appoints information of this type so that VA can
Type of Review: Reinstatement of a Committee members for a period of 2 to ensure a balanced Committee
previously approved collection. 3 years. A term of service for any membership.
Title: Notice 99–43, Nonrecognition member may not exceed 3 years, but the The Committee meets at least once
Exchanges under Section 897. Secretary may reappoint a member for and up to three times annually. In
Abstract: The collections of an additional term of service. Self- accordance with Federal Travel
information required by this notice are nominations and nominations of non- Regulation, Committee members will
in Temp. Reg. § 1.897–6T(a)(1) and Veterans will be accepted. Any letters of receive travel expenses and a per diem
1.897–5T(d)(1)(iii), Treas. Reg. § 1.1445– nomination from organizations or other allowance for any travel made in
2(d)(2)(i)(A) and Temp. Reg. § 1.1445– individuals should accompany the connection with duties as members of
9T. This information will be used to package when it is submitted. the Committee.
obtain exemptions from tax under In accordance with recently revised Nomination Package Requirements:
certain nonrecognition transactions and guidance regarding the ban on lobbyists Nominations must be typed (12 point
to satisfy reporting requirements serving as members of advisory boards font) and include: (1) A letter of
regarding these nonrecognition and commissions, Federally-registered nomination that clearly states the name
transactions. This information will be lobbyists are prohibited from serving on and affiliation of the nominee, the basis
used by the IRS to verify whether a Federal advisory committees in an for the nomination (i.e., specific
taxpayer is entitled to exemption from individual capacity. Additional attributes which qualify the nominee for
tax under a nonrecognition transaction. information regarding this issue can be service in this capacity), and a statement
Affected Public: Individuals or found at: www.federalregister.gov/ from the nominee indicating that he/she
households; Businesses or other for- articles/2014/08/13/2014-19140/ is a U.S. citizen and is willing to serve
profits. revised-guidance-on-appointment-of- as a member of the Committee; (2) the
Estimated Total Annual Burden lobbyists-to-federal-advisory- nominee’s contact information,
Hours: 200. committees-boards-and-commissions. including name, mailing address,
Brenda Simms, DATES: Nominations for membership on telephone numbers, and email address;
Treasury PRA Clearance Officer. the Committee must be received no later and (3) the nominee’s resume or
than 5:00 p.m., Eastern Standard Time, curriculum vitae that is no more than
[FR Doc. 2016–17885 Filed 7–27–16; 8:45 am]
on August 15, 2016. four pages in length. The cover letter
BILLING CODE 4830–01–P
must summarize: The nominee’s interest
ADDRESSES: All nominations should be in serving on the Committee and
mailed to Veterans Health contributions she/he can make to the
DEPARTMENT OF VETERANS Administration, Department of Veterans work of the Committee; any relevant
AFFAIRS Affairs, 810 Vermont Avenue NW., Veterans service activities she/he is
(10P9), Washington, DC 20420, emailed currently engaged in; the military
Solicitation of Nominations for to victor.kalasinsky@va.gov, or faxed to branch affiliations and timeframe of
Appointment to the Research Advisory (202) 495–6155. military service (if applicable). To
Committee on Gulf War Veterans’
FOR FURTHER INFORMATION CONTACT: Dr. promote a balanced membership, please
Illnesses
Victor Kalasinsky, Veterans Health provide information about the
ACTION: Notice. Administration, Department of Veterans nominee’s personal and professional
Affairs, 810 Vermont Avenue NW., qualifications and background that
SUMMARY: The Department of Veterans (10P), Washington, DC 20420, telephone would give her/him a diverse
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Affairs (VA), Veterans Health (202) 443–5600. (This is not a toll free perspective on Gulf War Veterans’
Administration (VHA), is seeking number.) A copy of the Committee’s matters. Finally, please include in the
nominations of qualified candidates to charter and list of the current cover letter a statement confirming that
be considered for appointment as a membership can be obtained by she/he is not a Federally-registered
member of the Research Advisory contacting Dr. Kalasinsky or by lobbyist. The resume should show
Committee on Gulf War Veterans’ accessing the Web site: http:// professional work experience, and
Illnesses (hereinafter referred to as ‘‘the www.va.gov/rac-gwvi/. Veterans service involvement,

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Document Created: 2016-07-28 01:47:45
Document Modified: 2016-07-28 01:47:45

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 August 29, 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 49716