81_FR_65901 81 FR 65716 - Submission for OMB Review; Comment Request

81 FR 65716 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 185 (September 23, 2016)

Page Range65716-65717
FR Document2016-22994

Federal Register, Volume 81 Issue 185 (Friday, September 23, 2016) 
[Federal Register Volume 81, Number 185 (Friday, September 23, 2016)]
[Notices]
[Pages 65716-65717]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-22994]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

September 20, 2016.
    The Department of the Treasury will submit the following 
information

[[Page 65717]]

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 October 24, 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: 1545-0007.
    Type of Review: Extension of a currently approved collection.
    Title: Forest Activities Schedule.
    Form: Form T.
    Abstract: Form T (Timber), Forest Activities Schedule, is used to 
provide information on timber accounts when a sale or deemed sale under 
Internal Revenue Code sections 631(a), 631(b), or other exchange has 
occurred during the tax year.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 446,208.

    OMB Control Number: 1545-1379.
    Type of Review: Extension of a currently approved collection.
    Form: 8831.
    Title: Excise Taxes on Excess Inclusions of REMIC Residual 
Interests.
    Abstract: Form 8831 is used to report and pay excise tax on any 
transfer of a residual interest in a Real Estate Mortgage Investment 
Conduit to a disqualified organization, the amount due if the tax is 
waived, or the excise tax due on pass-through entities with interests 
held by disqualified organizations.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 237.

    OMB Control Number: 1545-1566.
    Type of Review: Extension of a currently approved collection.
    Title: Notice 97-66, Certain Payments Made Pursuant to a Securities 
Lending Transaction; Notice 2010-46, Prevention of Over-Withholding of 
U.S. Tax Avoidance with Respect to Certain Substitute Dividend 
Payments.
    Abstract: The collections of information in Notice 97-66 are 
required to qualify substitute interest payments as portfolio interest 
and to defer, on election by the taxpayer, the effective date of the 
notice and the final securities lending regulations (T.D. 8735, 62 FR 
53498) for substitute payments made after December 31, 1997. The 
collection of information in Notice 2010-46 is required to prevent 
excessive taxation under Sec.  871(l) during the transition period.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 62,750.
    OMB Control Number: 1545-1870.
    Type of Review: Extension of a currently approved collection.
    Title: TD 9107--Guidance Regarding Deduction and Capitalization of 
Expenditures.
    Abstract: The collection of information in this Treasury Decision 
is in Sec.  1.263(a)-5(f). This information is required to verify the 
proper allocation of certain amounts paid in the process of 
investigating or otherwise pursuing certain transactions involving the 
acquisition of a trade or business. The collection of information is 
voluntary but required to obtain a benefit.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 3,000.
    OMB Control Number: 1545-1871.
    Type of Review: Extension of a currently approved collection.
    Title: TD 9165: Regulations Governing Practice Before the Internal 
Revenue Service.
    Abstract: The collections of information (disclosure requirements) 
in these final regulations are in Code of Federal Regulations Sec.  
10.35(e). Section 10.35(e) requires a practitioner providing a covered 
opinion to make certain disclosures in the beginning of marketed 
opinions, limited scope opinions and opinions that fail to conclude at 
a confidence level of at least more likely than not. In addition, 
certain relationships between the practitioner and a person promoting 
or marketing a tax shelter must be disclosed. A practitioner may be 
required to make one or more disclosures. The collection of this 
material helps to ensure that taxpayers who receive a tax shelter 
opinion are informed of any facts or circumstances that might limit the 
use of the opinion.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 13,333.

    OMB Control Number: 1545-2030.
    Type of Review: Extension of a currently approved collection.
    Title: REG-120509-06 (TD 9465 -Final), Determination of Interest 
Expense Deduction of Foreign Corporations.
    Abstract: Treasury Decision (TD) 9465 contains final regulations 
under section 882(c) of the Internal Revenue Code (Code) concerning the 
determination of the interest expense deduction of foreign corporations 
engaged in a trade or business within the United States. The collection 
of information in these final regulations is in Sec.  1.884-
1(e)(3)(iv). This information is required by the IRS to allow a 
taxpayer to reduce U.S. liabilities to the extent necessary to prevent 
the recognition of a dividend equivalent amount.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 35.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016-22994 Filed 9-22-16; 8:45 am]
 BILLING CODE 4830-35-P

65716 Federal Register / Vol. 81, No. 185 / Friday, September 23, 2016 / Notices Area Hours Total .............................................................................................................................................................................................. 20 CERTIFICATION HAV L2 Estimated Number of Respondents ........................................................................................................................ 30 N/A Estimated increased documentation burden (hours) .............................................................................................. 20 N/A Frequency of Collection ........................................................................................................................................... 1 N/A Total Estimated Annual Burden (hours) .................................................................................................................. 600 N/A As discussed above, some entities the label along with the actual cost of lifespan of the current ICR, and that the may choose to implement a physical the label. For the smaller fleets of HAVs, cost of labeling, including cost to label. From previous documentation for it is expected that this number will be design, print, and affix labels to be Part 567 labels,5 the cost of the physical more expensive per vehicle. NHTSA approximately $10 per vehicle. For 30 label to approximately $1 per label. This estimates that fleets will not exceed fleets of 300 cars each, this represents a takes into account 3 minutes to install approximately 300 vehicles during the cost burden of $90,000. HAV L2 Overall Estimated Burden Hours per Year .............................................................................................................. 74,175 61,875 Total Estimated Burden Hours per Year ................................................................................................................. 136,050 Authority: 44 U.S.C. Section 3506(c)(2)(A). Currency, 400 7th Street SW., p.m. EDT on Tuesday, October 11, 2016, Issued on: September 20, 2016. Washington, DC 20219. to inform the OCC of their desire to Nathaniel Beuse FOR FURTHER INFORMATION CONTACT: attend the meeting and to provide Associate Administrator for Vehicle Safety Beverly Cole, Designated Federal Officer information that will be required to Research. and Deputy Comptroller for Compliance facilitate entry into the meeting. [FR Doc. 2016–23013 Filed 9–22–16; 8:45 am] Supervision, (202) 649–5688, Office of Members of the public may contact the the Comptroller of the Currency, OCC via email at MDIAC@OCC.treas.gov BILLING CODE 4910–59–P Washington, DC 20219. or by telephone at (202) 649–5688. SUPPLEMENTARY INFORMATION: By this Attendees should provide their full notice, the OCC is announcing that the name, email address, and organization, DEPARTMENT OF THE TREASURY MDIAC will convene a meeting at 8:30 if any. For security reasons, attendees a.m. EDT on Tuesday, October 18, 2016, will be subject to security screening Office of the Comptroller of the at the Office of the Comptroller of the procedures and must present a valid Currency Currency, 400 7th Street SW., government-issued identification to Washington, DC 20219. Agenda items enter the building. Members of the [Docket ID OCC–2016–0026] will include current topics of interest to public who are deaf or hard of hearing the industry. The purpose of the should call (202) 649–5597 (TTY) no Minority Depository Institutions meeting is for the MDIAC to advise the later than 5:00 p.m. EDT on Tuesday, Advisory Committee OCC on steps the agency may be able to October 11, 2016, to arrange auxiliary AGENCY: Office of the Comptroller of the take to ensure the continued health and aids such as sign language interpretation Currency, Department of the Treasury. viability of minority depository for this meeting. ACTION: Notice. institutions and other issues of concern Dated: September 19, 2016. to minority depository institutions. Thomas J. Curry, SUMMARY: The Office of the Comptroller Members of the public may submit Comptroller of the Currency. of the Currency (OCC) announces a written statements to the MDIAC by any [FR Doc. 2016–22926 Filed 9–22–16; 8:45 am] meeting of the Minority Depository one of the following methods: Institutions Advisory Committee • Email to: MDIAC@OCC.treas.gov BILLING CODE 4810–33–P (MDIAC). • Mail to: Beverly Cole, Designated Federal Officer, Office of the DATES: The OCC MDIAC will hold a DEPARTMENT OF THE TREASURY Comptroller of the Currency, 400 7th public meeting on Tuesday, October 18, Street SW., Washington, DC 20219. Submission for OMB Review; sradovich on DSK3GMQ082PROD with NOTICES 2016, beginning at 8:30 a.m. Eastern The OCC must receive written Daylight Time (EDT). Comment Request statements no later than 5:00 p.m. EDT ADDRESSES: The OCC will hold the on Tuesday, October 11, 2016. Members September 20, 2016. October 18, 2016 meeting of the MDIAC of the public who plan to attend the The Department of the Treasury will at the Office of the Comptroller of the meeting should contact the OCC by 5:00 submit the following information 5 See the supporting statement titled 2127–00510_ http://www.reginfo.gov/public/do/ PRAViewDocument?ref_nbr=201501-2127-001 Supporting_Statement_2014_CSv2.doc located at (retrieved September 7, 2016) VerDate Sep<11>2014 18:22 Sep 22, 2016 Jkt 238001 PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 E:\FR\FM\23SEN1.SGM 23SEN1

Federal Register / Vol. 81, No. 185 / Friday, September 23, 2016 / Notices 65717 collection requests to the Office of Type of Review: Extension of a who receive a tax shelter opinion are Management and Budget (OMB) for currently approved collection. informed of any facts or circumstances review and clearance in accordance Title: Notice 97–66, Certain Payments that might limit the use of the opinion. with the Paperwork Reduction Act of Made Pursuant to a Securities Lending Affected Public: Businesses or other 1995, Public Law 104–13, on or after the Transaction; Notice 2010–46, for-profits. date of publication of this notice. Prevention of Over-Withholding of U.S. Estimated Total Annual Burden DATES: Comments should be received on Tax Avoidance with Respect to Certain Hours: 13,333. or before October 24, 2016 to be assured Substitute Dividend Payments. OMB Control Number: 1545–2030. of consideration. Abstract: The collections of Type of Review: Extension of a ADDRESSES: Send comments regarding information in Notice 97–66 are currently approved collection. required to qualify substitute interest Title: REG–120509–06 (TD 9465 the burden estimates, or any other payments as portfolio interest and to -Final), Determination of Interest aspect of the information collections, defer, on election by the taxpayer, the Expense Deduction of Foreign including suggestions for reducing the effective date of the notice and the final Corporations. burden, to (1) Office of Information and Abstract: Treasury Decision (TD) 9465 Regulatory Affairs, Office of securities lending regulations (T.D. 8735, 62 FR 53498) for substitute contains final regulations under section Management and Budget, Attention: 882(c) of the Internal Revenue Code Desk Officer for Treasury, New payments made after December 31, 1997. The collection of information in (Code) concerning the determination of Executive Office Building, Room 10235, the interest expense deduction of Washington, DC 20503, or email at Notice 2010–46 is required to prevent excessive taxation under § 871(l) during foreign corporations engaged in a trade OIRA_Submission@OMB.EOP.gov and or business within the United States. (2) Treasury PRA Clearance Officer, the transition period. Affected Public: Businesses or other The collection of information in these 1750 Pennsylvania Ave. NW., Suite final regulations is in § 1.884–1(e)(3)(iv). for-profits. 8117, Washington, DC 20220, or email Estimated Total Annual Burden This information is required by the IRS at PRA@treasury.gov. Hours: 62,750. to allow a taxpayer to reduce U.S. FOR FURTHER INFORMATION CONTACT: OMB Control Number: 1545–1870. liabilities to the extent necessary to Copies of the submissions may be Type of Review: Extension of a prevent the recognition of a dividend obtained by emailing PRA@treasury.gov, currently approved collection. equivalent amount. calling (202) 622–1295, or viewing the Title: TD 9107—Guidance Regarding Affected Public: Businesses or other entire information collection request at Deduction and Capitalization of for-profits. www.reginfo.gov. Expenditures. Estimated Total Annual Burden Abstract: The collection of Hours: 35. Internal Revenue Service (IRS) information in this Treasury Decision is OMB Control Number: 1545–0007. in § 1.263(a)-5(f). This information is Brenda Simms, Type of Review: Extension of a required to verify the proper allocation Treasury PRA Clearance Officer. currently approved collection. of certain amounts paid in the process [FR Doc. 2016–22994 Filed 9–22–16; 8:45 am] Title: Forest Activities Schedule. of investigating or otherwise pursuing BILLING CODE 4830–35–P Form: Form T. certain transactions involving the Abstract: Form T (Timber), Forest acquisition of a trade or business. The Activities Schedule, is used to provide collection of information is voluntary DEPARTMENT OF VETERANS information on timber accounts when a but required to obtain a benefit. AFFAIRS sale or deemed sale under Internal Affected Public: Businesses or other Revenue Code sections 631(a), 631(b), or [OMB Control No. 2900–0585] for-profits. other exchange has occurred during the Estimated Total Annual Burden tax year. Agency Information Collection Hours: 3,000. (Acquisition Regulation (VAAR) Clause Affected Public: Businesses or other OMB Control Number: 1545–1871. for-profits. 852.211–73, Brand Name or Equal) Type of Review: Extension of a Estimated Total Annual Burden Under OMB Review; Activity: Comment currently approved collection. Hours: 446,208. Request Title: TD 9165: Regulations Governing OMB Control Number: 1545–1379. Practice Before the Internal Revenue AGENCY: Office of Acquisition and Type of Review: Extension of a Service. Logistics, Department of Veterans currently approved collection. Abstract: The collections of Affairs. Form: 8831. information (disclosure requirements) in ACTION: Notice. Title: Excise Taxes on Excess these final regulations are in Code of Inclusions of REMIC Residual Interests. Federal Regulations § 10.35(e). Section SUMMARY: In compliance with the Abstract: Form 8831 is used to report 10.35(e) requires a practitioner Paperwork Reduction Act (PRA) of 1995 and pay excise tax on any transfer of a providing a covered opinion to make (44 U.S.C. 3501–3521), this notice residual interest in a Real Estate certain disclosures in the beginning of announces that the Office of Acquisition Mortgage Investment Conduit to a marketed opinions, limited scope and Logistics (OAL), Department of disqualified organization, the amount opinions and opinions that fail to Veterans Affairs, will submit the due if the tax is waived, or the excise conclude at a confidence level of at least collection of information abstracted tax due on pass-through entities with more likely than not. In addition, below to the Office of Management and sradovich on DSK3GMQ082PROD with NOTICES interests held by disqualified certain relationships between the Budget (OMB) for review and comment. organizations. practitioner and a person promoting or The PRA submission describes the Affected Public: Businesses or other marketing a tax shelter must be nature of the information collection and for-profits. disclosed. A practitioner may be its expected cost and burden; it includes Estimated Total Annual Burden required to make one or more the actual data collection instrument. Hours: 237. disclosures. The collection of this DATES: Comments must be submitted on OMB Control Number: 1545–1566. material helps to ensure that taxpayers or before October 24, 2016. VerDate Sep<11>2014 18:22 Sep 22, 2016 Jkt 238001 PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 E:\FR\FM\23SEN1.SGM 23SEN1


Document Created: 2016-09-23 01:43:39
Document Modified: 2016-09-23 01:43:39
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
DatesComments should be received on or before October 24, 2016 to be assured of consideration.
ContactCopies 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 Citation81 FR 65716 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR