81 FR 56757 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 162 (August 22, 2016)

Page Range		56757-56758
FR Document		2016-19985
Federal Register, Volume 81 Issue 162 (Monday, August 22, 2016)
[Federal Register Volume 81, Number 162 (Monday, August 22, 2016)]
[Notices]
[Pages 56757-56758]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-19985]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 17, 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 September 21, 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-NEW.
    Type of Review: New collection (request for a new OMB control 
number).
    Title: Country-by-Country Reporting (Form 8975).
    Form: Form 8975.
    Abstract: Form 8975 is used to provide certain information required 
to report annual country-by-country reporting by certain United States 
persons that are the ultimate parent entity of a U.S. multinational 
enterprise that has annual revenue for the preceding annual accounting 
period of $850 million or more.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 4,680.

    OMB Control Number: 1545-0052.
    Type of Review: Extension of a currently approved collection.
    Title: Form 990-PF, Return of Private Foundation or Section 
4947(a)(1) Nonexempt Charitable Trust Treated as Private Foundation; 
Form 4720, Return of Certain Excise Taxes on Charities and

[[Page 56758]]

Other Persons Under Chapters 41 and 42 for the Internal Revenue Code.
    Form: Form 990-PF, Form 4720.
    Abstract: Form 990-PF is an annual information return used to 
figure the tax based on investment income, and to report charitable 
distributions and activities. It also serves as a substitute for the 
section 4947(a)(1) nonexempt charitable trust's income tax return, Form 
1041, U.S. Income Tax Return for Estates and Trusts, when the trust has 
no taxable income. Form 4720 is used to figure and pay certain excise 
taxes in chapters 41 and 42 of the Internal Revenue Code.
    Affected Public: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 11,054,637.

    OMB Control Number: 1545-0902.
    Type of Review: Extension of a currently approved collection.
    Title: Form 8288, U.S. Withholding Tax Return for Dispositions by 
Foreign Persons of U.S. Real Property Interests; Form 8288-A, Statement 
of Withholding on Dispositions by Foreign Persons of U.S. Real Property 
Interests.
    Form: Form 8288, Form 8288-A.
    Abstract: A buyer or other transferee of a U.S. real property 
interest, and a corporation, qualified investment entity, or fiduciary 
that is required to withhold tax, must file Form 8288 to report and 
transmit the amount withheld. Anyone who completes Form 8288 must also 
complete a Form 8288-A for each person subject to withholding.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 243,675.

    OMB Control Number: 1545-1021.
    Type of Review: Revision of a currently approved collection.
    Title: Asset Acquisition Statement Under Section 1060.
    Form: Form 8594.
    Abstract: Both the seller and purchaser of a group of assets that 
makes up a trade or business must use Form 8594 to report such a sale 
if goodwill or going concern value attaches, or could attach, to such 
assets; and the purchaser's basis in the assets is determined only by 
the amount paid for the assets.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 22,910.

    OMB Control Number: 1545-1533.
    Type of Review: Reinstatement of a previously approved collection.
    Title: Revenue Procedure 97-22, 26 CFR 601.105 Examination of 
returns and claims for refund, credits, or abatement, determination of 
correct tax liability.
    Abstract: Rev. Proc. 97-22 provides guidance to taxpayers that 
maintain books and records by using an electronic storage system that 
either images their hardcopy (paper) books and records, or transfers 
their computerized books and records, to an electronic storage media, 
such as an optical disk. Records maintained in an electronic storage 
system that complies with the requirements of this revenue procedure 
will constitute records within the meaning of Sec.  6001 of the 
Internal Revenue Code.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,000,400.

    OMB Control Number: 1545-1718.
    Type of Review: Extension of a currently approved collection.
    Title: Source of Income from Certain Space and Ocean Activities; 
Source of Communications Income (TD 9305--final).
    Abstract: Treasury Decision (TD) 9305 contains final regulations 
under section 863(d) governing the source of income from certain space 
and ocean activities. The collections of information in these final 
regulations are in Sec. Sec.  1.863-8(g) and 1.863-9(k). This 
information is required by the IRS to monitor compliance with the 
federal tax rules for determining the source of income from space or 
ocean activities, or from transmission of communications.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,250.

    OMB Control Number: 1545-2028.
    Type of Review: Extension of a currently approved collection.
    Title: Fuel Cell Motor Vehicle Credit.
    Abstract: Notice 2008-33 provides procedures for manufacturers to 
follow to certify both that a particular make, model, and model year of 
fuel cell motor vehicle meets the requirements of section 30B(a)(1) and 
(b) of the Internal Revenue Code, and the amount of the credit 
allowable with respect to the vehicle. To certify a vehicle, the 
manufacturer must submit to the IRS a certification that includes, 
among other items, the make, model, model year, proposed credit amount 
and a statement affirming that the vehicle is propelled by power 
derived from one or more cells that convert chemical energy into 
electricity.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 200.

    OMB Control Number: 1545-2132.
    Type of Review: Reinstatement of a previously approved collection.
    Title: Form 8933, Carbon Dioxide Sequestration Credit.
    Form: Form 8933.
    Abstract: Form 8933 is used to claim the carbon dioxide 
sequestration credit. The credit is allowed for qualified carbon 
dioxide that is captured and disposed of; or captured, used, and 
disposed of by the taxpayer in secure geological storage.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 215.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016-19985 Filed 8-19-16; 8:45 am]
 BILLING CODE 4810-01-P
Federal Register / Vol. 81, No. 162 / Monday, August 22, 2016 / Notices 56757

Cecil T. Hua, Director, Enterprise Daniel T. Riordan, IRS Human Capital DEPARTMENT OF THE TREASURY
Technology Implementation, Officer, Human Capital Office
Information Technology Tamera L. Ripperda, Director, Exempt Submission for OMB Review;
Robert L. Hunt, Director, Operations Organizations, Tax Exempt & Comment Request
Support, Small Business/Self- Government Entities
August 17, 2016.
Employed Kathy J. Robbins, Director, Enterprise
Sharon C. James, Associate Chief Activities Practice Area, Large The Department of the Treasury will
Information Officer, Cybersecurity, Business & International submit the following information
Information Technology Karen M. Schiller, Commissioner, Small collection requests to the Office of
Robin DelRey Jenkins, Director, Business/Self-Employed Management and Budget (OMB) for
Collection—Campus, Small Business/ Rene S. Schwartzman, IRS Identity review and clearance in accordance
Self-Employed Assurance Executive, Wage & with the Paperwork Reduction Act of
Edward T. Killen, Director, Privacy, Investment 1995, Public Law 104–13, on or after the
Governmental Liaison and Disclosure Rosemary Sereti, Deputy Commissioner, date of publication of this notice.
Robert M. Leahy Jr., Associate Chief Large Business & International DATES: Comments should be received on
Information Officer, Strategy and Theodore D. Setzer, Assistant Deputy or before September 21, 2016 to be
Planning, Information Technology Commissioner International, Large assured of consideration.
Terry Lemons, Chief, Communications Business & International ADDRESSES: Send comments regarding
& Liaison Verline A. Shepherd, Associate Chief the burden estimates, or any other
Sunita B. Lough, Commissioner, Tax Information Officer for User and aspect of the information collections,
Exempt & Government Entities Network Services, Information including suggestions for reducing the
Deborah Lucas-Trumbull, Director, Technology burden, to (1) Office of Information and
Demand Management and Project Nancy A. Sieger, Deputy Associate Chief Regulatory Affairs, Office of
Governance, Information Technology Information Officer for Applications Management and Budget, Attention:
William H. Maglin II, Associate Chief Development, Information Desk Officer for Treasury, New
Financial Officer for Financial Technology Executive Office Building, Room 10235,
Management, Chief Financial Officer Sudhanshu K. Sinha, Director, Washington, DC 20503, or email at
Paul J. Mamo, Director, Submission Enterprise Architecture, Information OIRA_Submission@OMB.EOP.gov and
Processing, Wage & Investment Technology (2) Treasury PRA Clearance Officer,
Lee D. Martin, Director, Whistleblower’s Marla L. Somerville, Associate Chief 1750 Pennsylvania Ave. NW., Suite
Office Information Officer, Enterprise 8117, Washington, DC 20220, or email
Erick Martinez, Director of Field Information Technology Program at PRA@treasury.gov.
Operations—Northern Area, Criminal Management Office, Information FOR FURTHER INFORMATION CONTACT:
Investigation Technology
Thomas D. Mathews, Director, Copies of the submissions may be
Carolyn A. Tavenner, Director, obtained by emailing PRA@treasury.gov,
Collection—Headquarters, Small Affordable Care Act, Affordable Care
Business/Self-Employed calling (202) 622–1295, or viewing the
Act Office entire information collection request at
Ivy S. McChesney, Director, Customer Kathryn D. Vaughan, Director,
Accounts Services, Wage & www.reginfo.gov.
Examination—Campus, Small
Investment Business/Self-Employed Internal Revenue Service (IRS)
Kevin Q. McIver, Chief, Agency-Wide Peter C. Wade, Director, Technology OMB Control Number: 1545–NEW.
Shared Services Solutions, Small Business/Self- Type of Review: New collection
Tina D. Meaux, Director, Central Employed (request for a new OMB control
Compliance Practice Area, Large Kathleen E. Walters, Deputy IRS Human number).
Business & International Capital Officer, Human Capital Office
Renee A. Mitchell, Director, Title: Country-by-Country Reporting
Tina A. Walters, Director, Server (Form 8975).
Collection—Central, Small Business/ Support and Services, Information Form: Form 8975.
Self-Employed Technology
Mary E. Murphy, Deputy Commissioner, Abstract: Form 8975 is used to
Shanna R. Webbers, Chief Procurement provide certain information required to
Small Business/Self-Employed Officer
Frank A. Nolden, Director, Stakeholder, report annual country-by-country
Richard Weber, Chief, Criminal reporting by certain United States
Partnership, Education & Investigation
Communication, Wage & Investment persons that are the ultimate parent
Stephen A. Whitlock, Director, Office of entity of a U.S. multinational enterprise
Douglas W. O’Donnell, Commissioner, Professional Responsibility
Large Business & International that has annual revenue for the
Kirsten B. Wielobob, Chief, Appeals preceding annual accounting period of
Kimberly A. Petty, Associate Chief Lavena B. Williams, Director, Eastern
Information Officer, Applications $850 million or more.
Compliance Practice Area, Large
Development, Information Affected Public: Businesses or other
Business & International
Technology for-profits.
Johnny E. Witt, Deputy Director,
Crystal K. Philcox, Chief of Staff Estimated Total Annual Burden
Affordable Care Act Office
Hours: 4,680.
asabaliauskas on DSK3SPTVN1PROD with NOTICES

Sharon R. Porter, Director, Treaty and This document does not meet the
Transfer Pricing Operations Practice Treasury’s criteria for significant OMB Control Number: 1545–0052.
Area, Large Business & International regulations. Type of Review: Extension of a
Mary S. Powers, Director, Operations currently approved collection.
Support, Wage & Investment John M. Dalrymple, Title: Form 990–PF, Return of Private
Scott B. Prentky, Director, Collection, Deputy Commissioner for Services and Foundation or Section 4947(a)(1)
Small Business/Self-Employed Enforcement, Internal Revenue Service. Nonexempt Charitable Trust Treated as
Robert A. Ragano, Director, Submission [FR Doc. 2016–20025 Filed 8–17–16; 4:15 pm] Private Foundation; Form 4720, Return
Processing, Information Technology BILLING CODE 4830–01–P of Certain Excise Taxes on Charities and

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56758 Federal Register / Vol. 81, No. 162 / Monday, August 22, 2016 / Notices

Other Persons Under Chapters 41 and Abstract: Rev. Proc. 97–22 provides Title: Form 8933, Carbon Dioxide
42 for the Internal Revenue Code. guidance to taxpayers that maintain Sequestration Credit.
Form: Form 990–PF, Form 4720. books and records by using an Form: Form 8933.
Abstract: Form 990–PF is an annual electronic storage system that either Abstract: Form 8933 is used to claim
information return used to figure the tax images their hardcopy (paper) books the carbon dioxide sequestration credit.
based on investment income, and to and records, or transfers their The credit is allowed for qualified
report charitable distributions and computerized books and records, to an carbon dioxide that is captured and
activities. It also serves as a substitute electronic storage media, such as an disposed of; or captured, used, and
for the section 4947(a)(1) nonexempt optical disk. Records maintained in an disposed of by the taxpayer in secure
charitable trust’s income tax return, electronic storage system that complies geological storage.
Form 1041, U.S. Income Tax Return for with the requirements of this revenue Affected Public: Businesses or other
Estates and Trusts, when the trust has procedure will constitute records within for-profits.
no taxable income. Form 4720 is used the meaning of § 6001 of the Internal Estimated Total Annual Burden
to figure and pay certain excise taxes in Revenue Code. Hours: 215.
chapters 41 and 42 of the Internal Affected Public: Businesses or other
for-profits. Brenda Simms,
Revenue Code.
Affected Public: Not-for-profit Estimated Total Annual Burden Treasury PRA Clearance Officer.
institutions. Hours: 1,000,400. [FR Doc. 2016–19985 Filed 8–19–16; 8:45 am]
Estimated Total Annual Burden OMB Control Number: 1545–1718. BILLING CODE 4810–01–P
Hours: 11,054,637. Type of Review: Extension of a
OMB Control Number: 1545–0902. currently approved collection.
Type of Review: Extension of a Title: Source of Income from Certain DEPARTMENT OF VETERANS
currently approved collection. Space and Ocean Activities; Source of AFFAIRS
Title: Form 8288, U.S. Withholding Communications Income (TD 9305—
Tax Return for Dispositions by Foreign final). Advisory Committee: VA National
Persons of U.S. Real Property Interests; Abstract: Treasury Decision (TD) 9305 Academic Affiliations Council Notice of
Form 8288–A, Statement of contains final regulations under section Meeting
Withholding on Dispositions by Foreign 863(d) governing the source of income
from certain space and ocean activities. The Department of Veterans Affairs
Persons of U.S. Real Property Interests.
Form: Form 8288, Form 8288–A. The collections of information in these (VA) gives notice under the Federal
Abstract: A buyer or other transferee final regulations are in §§ 1.863–8(g) Advisory Committee Act, 5 U.S.C. App.
of a U.S. real property interest, and a and 1.863–9(k). This information is 2 that the VA National Academic
corporation, qualified investment entity, required by the IRS to monitor Affiliations Council will meet via
or fiduciary that is required to withhold compliance with the federal tax rules for conference call on September 13, 2016,
tax, must file Form 8288 to report and determining the source of income from from 2:00 p.m. to 4:00 p.m. EST.
transmit the amount withheld. Anyone space or ocean activities, or from The purpose of the Council is to
who completes Form 8288 must also transmission of communications. advise the Secretary on matters affecting
complete a Form 8288–A for each Affected Public: Businesses or other partnerships between VA and its
person subject to withholding. for-profits. academic affiliates.
Affected Public: Businesses or other Estimated Total Annual Burden On September 13, 2016, the Council
for-profits. Hours: 1,250. will discuss the implementation and
Estimated Total Annual Burden OMB Control Number: 1545–2028. funding status of the Veterans Access,
Hours: 243,675. Type of Review: Extension of a Choice, and Accountability Act of
OMB Control Number: 1545–1021. currently approved collection. 2014’s Graduate Medical Education
Type of Review: Revision of a Title: Fuel Cell Motor Vehicle Credit. expansion plan, explore challenges
currently approved collection. Abstract: Notice 2008–33 provides involving the timely issuance of
Title: Asset Acquisition Statement procedures for manufacturers to follow personal identity verification cards to
Under Section 1060. to certify both that a particular make, trainees, and examine the breadth and
Form: Form 8594. model, and model year of fuel cell scope of VA’s education program for
Abstract: Both the seller and motor vehicle meets the requirements of nursing trainees. The Council will
purchaser of a group of assets that section 30B(a)(1) and (b) of the Internal receive public comments from 3:45 p.m.
makes up a trade or business must use Revenue Code, and the amount of the to 4:00 p.m. EST.
Form 8594 to report such a sale if credit allowable with respect to the Interested persons may attend and/or
goodwill or going concern value vehicle. To certify a vehicle, the present oral statements to the Council.
attaches, or could attach, to such assets; manufacturer must submit to the IRS a The dial in number to attend the
and the purchaser’s basis in the assets certification that includes, among other conference call is: 1–800–767–1750. At
is determined only by the amount paid items, the make, model, model year, the prompt, enter access code 09462
for the assets. proposed credit amount and a statement then press #. Individuals seeking to
Affected Public: Businesses or other affirming that the vehicle is propelled present oral statements are invited to
for-profits. by power derived from one or more cells submit a 1–2 page summary of their
Estimated Total Annual Burden comments at the time of the meeting for
asabaliauskas on DSK3SPTVN1PROD with NOTICES

that convert chemical energy into
Hours: 22,910. electricity. inclusion in the official meeting record.
OMB Control Number: 1545–1533. Affected Public: Businesses or other Oral presentations will be limited to five
Type of Review: Reinstatement of a for-profits. minutes or less, depending on the
previously approved collection. Estimated Total Annual Burden number of participants. Interested
Title: Revenue Procedure 97–22, 26 Hours: 200. parties may also provide written
CFR 601.105 Examination of returns and OMB Control Number: 1545–2132. comments for review by the Council
claims for refund, credits, or abatement, Type of Review: Reinstatement of a prior to the meeting or at any time, by
determination of correct tax liability. previously approved collection. email to Steve.Trynosky@va.gov, or by

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Document Created: 2018-02-09 11:37:50
Document Modified: 2018-02-09 11:37:50
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 September 21, 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 56757