81 FR 60125 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 169 (August 31, 2016)

Page Range		60125-60126
FR Document		2016-20958

Federal Register, Volume 81 Issue 169 (Wednesday, August 31, 2016)

[Federal Register Volume 81, Number 169 (Wednesday, August 31, 2016)]
[Notices]
[Pages 60125-60126]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-20958]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 26, 2016.

    The Department of the Treasury will submit the following 
information collection request 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 30, 2016 to 
be assured of consideration.

ADDRESSES: Send comments regarding the burden estimates, or any other 
aspect of the information collection, 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 submission may be 
obtained by emailing [email protected], calling (202) 622-1295, or 
viewing the

[[Page 60126]]

entire information collection request at www.reginfo.gov.

Departmental Offices

    OMB Control Number: 1505-0216.
    Type of Review: Revision of a currently approved collection.
    Title: Troubled Asset Relief Program--Making Home Affordable 
Participants.
    Abstract: Authorized under the Emergency Economic Stabilization Act 
(EESA) of 2008 (Pub. L. 110-343), the Department of the Treasury has 
implemented several aspects of the Troubled Asset Relief Program 
(TARP). Among these components is a voluntary foreclosure prevention 
program--the Making Home Affordable (MHA) program, under which the 
Department uses TARP capital to lower the mortgage payments of 
qualifying borrowers. The Treasury does this through agreements with 
mortgage servicers (Servicer Participation Agreements, or SPAs) to 
modify loans on their systems. Data is collected from servicers to 
ensure that the servicers can be paid for the loan modifications that 
they undertake, check for compliance, and report out on the 
effectiveness of the program.
    Estimated Total Annual Burden Hours: 104,880.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016-20958 Filed 8-30-16; 8:45 am]
 BILLING CODE 4810-25-P

Federal Register / Vol. 81, No. 169 / Wednesday, August 31, 2016 / Notices 60125

Estimated Total Annual Burden Estimated Total Annual Burden Title: Revenue Procedure 2010–13,
Hours: 22. Hours: 500. Disclosure of Activities Grouped under
OMB Control Number: 1545–0939. OMB Control Number: 1545–1559. Section 469.
Type of Review: Extension of a Type of Review: Extension of a Abstract: This revenue procedure
currently approved collection. currently approved collection. requires taxpayers to report to the
Title: Form 8404—Interest Charge on Title: Revenue Procedures 98–46 and Internal Revenue Service their
DISC-Related Deferred Tax Liability. 97–44, LIFO Conformity Requirement. groupings and regroupings of activities
Form: Form 8404. Abstract: Rev. Proc. 98–46 extended and the addition of specific activities
Abstract: Shareholders of Interest the relief in Rev. Proc. 97–44 to medium within their existing groupings of
Charge Domestic International Sales and heavy truck dealers. activities for purposes of section 469 of
Corporations (IC–DISCs) use Form 8404 Estimated Total Annual Burden the Internal Revenue Code and § 1.469–
to figure and report an interest charge Hours: 100,000. 4 of the Income Tax Regulations.
on their DISC-related deferred tax OMB Control Number: 1545–1704. Estimated Total Annual Burden
liability. The interest charge is required Type of Review: Revision of a Hours: 36,000.
by Internal Revenue Code section 995(f). currently approved collection. OMB Control Number: 1545–2247.
IRS uses the form to determine whether Title: Change in Minimum Funding Type of Review: Extension of a
the shareholder has correctly figured Method (Rev. Proc. 2016–XX). currently approved collection.
and paid the interest charge on a timely Abstract: This revenue procedure Title: TD 9633—Limitations on
basis. provides a mechanism whereby a plan Duplication of Net Built-in Losses.
Estimated Total Annual Burden sponsor or plan administrator may Abstract: These regulations will
Hours: 15,580. obtain a determination from the Internal provide guidance for applying 26 U.S.C.
OMB Control Number: 1545–1452. Revenue Service that its proposed 362(e)(2), relating to the limitation on
Type of Review: Extension of a change in the method of funding its transfer of built-in losses.
currently approved collection. pension plan(s) meets the standards of Estimated Total Annual Burden
Title: FI–43–94 (TD 8649—Final) sections 412 of the Internal Revenue Hours: 75,000.
Regulations Under Section 1258 of the Code. This updates Rev. Proc. 2000–41
Internal Revenue Code of 1986; Netting based on changes in law primarily due Brenda Simms,
Rule for Certain Conversion to the Pension Protection Act of 2006. Treasury PRA Clearance Officer.
Transactions. Estimated Total Annual Burden [FR Doc. 2016–20993 Filed 8–30–16; 8:45 am]
Abstract: Section 1258 recharacterizes Hours: 234. BILLING CODE 4830–01–P
capital gains from conversion OMB Control Number: 1545–1706.
transactions as ordinary income to the Type of Review: Extension of a
extent of the time value element. This currently approved collection. DEPARTMENT OF THE TREASURY
regulation provides that certain gains Title: TD 9315—Section 1503(d)
and losses may be netted for purposes Submission for OMB Review;
Closing Agreement Requests.
of determining the amount of gain Abstract: Revenue Procedure 2000–42 Comment Request
recharacterized. informs taxpayers of the information August 26, 2016.
Estimated Total Annual Burden they must submit to request a closing
Hours: 5,000. The Department of the Treasury will
agreement under Reg. S1.1503–
submit the following information
OMB Control Number: 1545–1507. 2(g)(2)(iv)(B)(2)(i) to prevent the
collection request to the Office of
Type of Review: Extension of a recapture of dual consolidated losses
Management and Budget (OMB) for
currently approved collection. (DCLs) upon the occurrence of certain
review and clearance in accordance
Title: Treatment of Shareholders of triggering events.
with the Paperwork Reduction Act of
Certain Passive Investment Companies. TD 9315 contains final regulations
Estimated Total Annual Burden 1995, Public Law 104–13, on or after the
under section 1503(d) of the Internal
Hours: 100,000. date of publication of this notice.
Revenue Code (Code) regarding dual
consolidated losses. Section 1503(d) DATES: Comments should be received on
OMB Control Number: 1545–1551.
Type of Review: Revision of a generally provides that a dual or before September 30, 2016 to be
currently approved collection. consolidated loss of a dual resident assured of consideration.
Title: Changes in Methods of corporation cannot reduce the taxable ADDRESSES: Send comments regarding
Accounting (RP 2016–29). income of any other member of the the burden estimates, or any other
Abstract: This revenue procedure affiliated group unless, to the extent aspect of the information collection,
(2016–29) provides the procedures by provided in regulations, the loss does including suggestions for reducing the
which a taxpayer may obtain automatic not offset the income of any foreign burden, to (1) Office of Information and
consent for a change in method of corporation. Similar rules apply to Regulatory Affairs, Office of
accounting described in the appendix of losses of separate units of domestic Management and Budget, Attention:
Revenue Procedure 2011–14. corporations. These final regulations Desk Officer for Treasury, New
Estimated Total Annual Burden address various dual consolidated loss Executive Office Building, Room 10235,
Hours: 30,580. issues, including exceptions to the Washington, DC 20503, or email at
OMB Control Number: 1545–1556. general prohibition against using a dual OIRA_Submission@OMB.EOP.gov and
Type of Review: Extension of a consolidated loss to reduce the taxable (2) Treasury PRA Clearance Officer,
mstockstill on DSK3G9T082PROD with NOTICES

currently approved collection. income of any other member of the 1750 Pennsylvania Ave. NW., Suite
Title: TD 8786—Source of Income affiliated group. 8117, Washington, DC 20220, or email
From Sales of Inventory Partly From Estimated Total Annual Burden at PRA@treasury.gov.
Sources Within a Possession of the U.S.; Hours: 2,000. FOR FURTHER INFORMATION CONTACT:
Also, Source of Income Derived From OMB Control Number: 1545–2156. Copies of the submission may be
Certain Purchases From a Corp. Electing Type of Review: Revision of a obtained by emailing PRA@treasury.gov,
Sec. 936. currently approved collection. calling (202) 622–1295, or viewing the

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60126 Federal Register / Vol. 81, No. 169 / Wednesday, August 31, 2016 / Notices

entire information collection request at Washington, DC 20503, or email at evaluate the applicant’s qualifications
www.reginfo.gov. OIRA_Submission@OMB.EOP.gov and for access to the COLAs Online system
(2) Treasury PRA Clearance Officer, before TTB issues that person a
Departmental Offices
1750 Pennsylvania Ave. NW., Suite password allowing access to this TTB
OMB Control Number: 1505–0216. 8117, Washington, DC 20220, or email information system. This is necessary to
Type of Review: Revision of a at PRA@treasury.gov. protect the COLAs Online system from
currently approved collection. FOR FURTHER INFORMATION CONTACT: unauthorized users and other threats.
Title: Troubled Asset Relief Copies of the submissions may be Affected Public: Businesses or other
Program—Making Home Affordable obtained by emailing PRA@treasury.gov, for-profits.
Participants. calling (202) 622–1295, or viewing the Estimated Total Annual Burden
Abstract: Authorized under the entire information collection request at Hours: 900.
Emergency Economic Stabilization Act www.reginfo.gov.
(EESA) of 2008 (Pub. L. 110–343), the Brenda Simms,
Department of the Treasury has Alcohol and Tobacco Tax and Trade Treasury PRA Clearance Officer.
implemented several aspects of the Bureau (TTB) [FR Doc. 2016–20985 Filed 8–30–16; 8:45 am]
Troubled Asset Relief Program (TARP). OMB Control Number: 1513–0110. BILLING CODE 4810–31–P
Among these components is a voluntary Type of Review: Extension of a
foreclosure prevention program—the currently approved collection.
Making Home Affordable (MHA) Title: Recordkeeping for Tobacco DEPARTMENT OF THE TREASURY
program, under which the Department Products Removed in Bond from a
uses TARP capital to lower the mortgage Submission for OMB Review;
Manufacturer’s Premises for
payments of qualifying borrowers. The Comment Request
Experimental Purposes—27 CFR
Treasury does this through agreements 40.232(e). August 26, 2016.
with mortgage servicers (Servicer Abstract: The Internal Revenue Code
Participation Agreements, or SPAs) to The Department of the Treasury will
at 26 U.S.C. 5704(e) provides that submit the following information
modify loans on their systems. Data is manufacturers of tobacco products may
collected from servicers to ensure that collection request to the Office of
remove tobacco products for Management and Budget (OMB) for
the servicers can be paid for the loan experimental purposes without payment
modifications that they undertake, review and clearance in accordance
of Federal excise tax, as prescribed by with the Paperwork Reduction Act of
check for compliance, and report out on regulation. Under that authority, the
the effectiveness of the program. 1995, Public Law 104–13, on or after the
TTB regulations at 27 CFR 40.232(e) date of publication of this notice.
Estimated Total Annual Burden require the keeping of certain records
Hours: 104,880. DATES: Comments should be received on
regarding the shipment, description,
use, and disposition of tobacco products or before September 30, 2016 to be
Brenda Simms, assured of consideration.
Treasury PRA Clearance Officer. removed for experimental purposes
outside of the factory. Although the ADDRESSES: Send comments regarding
[FR Doc. 2016–20958 Filed 8–30–16; 8:45 am]
keeping of such records is a usual and the burden estimates, or any other
BILLING CODE 4810–25–P
customary business practice for aspect of the information collection,
manufacturers of tobacco products, including suggestions for reducing the
these records provide TTB information burden, to (1) Office of Information and
DEPARTMENT OF THE TREASURY
that it uses to identify the lawful Regulatory Affairs, Office of
Submission for OMB Review; experimental use and disposition of Management and Budget, Attention:
Comment Request nontaxpaid tobacco products, and to Desk Officer for Treasury, New
detect and prevent their diversion into Executive Office Building, Room 10235,
August 26, 2016. the market. Washington, DC 20503, or email at
The Department of the Treasury will Affected Public: Businesses or other OIRA_Submission@OMB.EOP.gov and
submit the following information for-profits. (2) Treasury PRA Clearance Officer,
collection requests to the Office of Estimated Total Annual Burden 1750 Pennsylvania Ave. NW., Suite
Management and Budget (OMB) for Hours: 1. 8117, Washington, DC 20220, or email
review and clearance in accordance OMB Control Number: 1513–0111. at PRA@treasury.gov.
with the Paperwork Reduction Act of Type of Review: Revision of a FOR FURTHER INFORMATION CONTACT:
1995, Public Law 104–13, on or after the currently approved collection. Copies of the submission may be
date of publication of this notice. Title: COLAs Online Access Request. obtained by emailing PRA@treasury.gov,
DATES: Comments should be received on Form: TTB F 5013.2. calling (202) 622–1295, or viewing the
or before September 30, 2016 to be Abstract: Respondents use this form entire information collection request at
assured of consideration. to apply for access to TTB’s COLAs www.reginfo.gov.
ADDRESSES: Send comments regarding Online system, which allows alcohol
Financial Crimes Enforcement Network
the burden estimates, or any other beverage industry members to
(FinCEN)
aspect of the information collections, electronically apply for a Certificate of
including suggestions for reducing the Label Approval or for an exemption OMB Control Number: 1506–0009.
burden, to (1) Office of Information and from label approval. TTB uses the Type of Review: Extension of a
mstockstill on DSK3G9T082PROD with NOTICES

Regulatory Affairs, Office of provided information to identify the previously approved collection.
Management and Budget, Attention: company on whose behalf the applicant Title: Financial Record-keeping and
Desk Officer for Treasury, New claims to act, to verify the scope of the Reporting and Report of Foreign Bank
Executive Office Building, Room 10235, applicant’s authority to act, and to and Financial Accounts.

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Document Created: 2018-02-02 12:14:53
Document Modified: 2018-02-02 12:14:53

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 30, 2016 to be assured of consideration.
Contact		Copies of the submission 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 60125