81 FR 66750 - Submission for OMB Review; Comment Request
DEPARTMENT OF THE TREASURY Federal Register Volume 81, Issue 188 (September 28, 2016)
Federal Register Volume 81, Issue 188 (September 28, 2016)
| Page Range | 66750-66751 | |
| FR Document | 2016-23429 |
[Federal Register Volume 81, Number 188 (Wednesday, September 28, 2016)] [Notices] [Pages 66750-66751] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-23429] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request 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 October 28, 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 [[Page 66751]] 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: 1545-0117. Type of Review: Revision of a currently approved collection. Title: Form 1099-OID, Original Issue Discount. Form: Form 1099-OID. Abstract: This form is filed if the original issue discount (OID) includible in gross income is at least $10; or for any person for whom the taxpayer withheld and paid any foreign tax on OID; or from whom the taxpayer withheld (and did not refund) any federal income tax under the backup withholding rules even if the amount of the OID is less than $10. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 452,520. Dated: September 23, 2016. Brenda Simms, Treasury PRA Clearance Officer. [FR Doc. 2016-23429 Filed 9-27-16; 8:45 am] BILLING CODE 4830-01-P
![66750 Federal Register / Vol. 81, No. 188 / Wednesday, September 28, 2016 / Notices
Affected Public: Business or other for- SUMMARY: The Department of the Books or records relating to a
profit organizations, individuals or Treasury, as part of its continuing effort collection of information must be
households, farms, and Federal, state, to reduce paperwork and respondent retained as long as their contents may
local, or tribal governments. burden, invites the general public and become material in the administration
Estimated Number of Respondents: other Federal agencies to take this of any internal revenue law. Generally,
720,000. opportunity to comment on proposed tax returns and tax return information
Estimated Time per Respondent: 1 hr., and/or continuing information are confidential, as required by 26
2 min. collections, as required by the U.S.C. 6103.
Estimated Total Annual Burden Paperwork Reduction Act of 1995, Request for Comments: Comments
Hours: 555,600. Public Law 104–13 (44 U.S.C. submitted in response to this notice will
The following paragraph applies to all 3506(c)(2)(A)). Currently, the IRS is be summarized and/or included in the
of the collections of information covered soliciting comments concerning request for OMB approval. All
by this notice: Treatment of Acquisition of Certain comments will become a matter of
An agency may not conduct or Financial Institutions; Certain Tax public record. Comments are invited on:
sponsor, and a person is not required to Consequences of Federal Financial (a) Whether the collection of
respond to, a collection of information Assistance to Financial Institutions. information is necessary for the proper
unless the collection of information DATES: Written comments should be performance of the functions of the
displays a valid OMB control number. received on or before November 28, agency, including whether the
Books or records relating to a collection 2016 to be assured of consideration. information shall have practical utility;
of information must be retained as long ADDRESSES: Direct all written comments (b) the accuracy of the agency’s estimate
as their contents may become material to Tuawana Pinkston, Internal Revenue of the burden of the collection of
in the administration of any internal Service, Room 6527, 1111 Constitution information; (c) ways to enhance the
revenue law. Generally, tax returns and Avenue NW., Washington, DC 20224. quality, utility, and clarity of the
tax return information are confidential, FOR FURTHER INFORMATION CONTACT: information to be collected; (d) ways to
as required by 26 U.S.C. 6103. Requests for additional information or minimize the burden of the collection of
Request for Comments: Comments copies of the regulation should be information on respondents, including
submitted in response to this notice will directed to R. Joseph Durbala, at (202) through the use of automated collection
be summarized and/or included in the 317–5746, or Internal Revenue Service, techniques or other forms of information
request for OMB approval. All Room 6129, 1111 Constitution Avenue technology; and (e) estimates of capital
comments will become a matter of NW., Washington, DC 20224, or or start-up costs and costs of operation,
public record. Comments are invited on: RJoseph.Durbala@irs.gov. maintenance, and purchase of services
(a) Whether the collection of SUPPLEMENTARY INFORMATION: to provide information.
information is necessary for the proper Title: Treatment of Acquisition of Approved: September 21, 2016.
performance of the functions of the Certain Financial Institutions; Certain R. Joseph Durbala,
agency, including whether the Tax Consequences of Federal Financial
information shall have practical utility; IRS, Tax Analyst.
Assistance to Financial Institutions.
(b) the accuracy of the agency’s estimate [FR Doc. 2016–23399 Filed 9–27–16; 8:45 am]
OMB Number: 1545–1300. Regulation
of the burden of the collection of Project Number: TD 8641. BILLING CODE 4830–01–P
information; (c) ways to enhance the Abstract: Recipients of Federal
quality, utility, and clarity of the financial assistance (FFA) must
information to be collected; (d) ways to maintain an account of FFA that is DEPARTMENT OF THE TREASURY
minimize the burden of the collection of deferred from inclusion in gross income Submission for OMB Review;
information on respondents, including and subsequently recaptured. This Comment Request
through the use of automated collection information is used to determine the
techniques or other forms of information recipient’s tax liability. Also, tax not The Department of the Treasury will
technology; and (e) estimates of capital subject to collection must be reported submit the following information
or start-up costs and costs of operation, and information must be provided if collection request to the Office of
maintenance, and purchase of services certain elections are made. Management and Budget (OMB) for
to provide information. Current Actions: There is no change to review and clearance in accordance
Approved: September 13, 2016. this existing regulation. with the Paperwork Reduction Act of
Type of Review: Extension of a 1995, Public Law 104–13, on or after the
Tuawana Pinkston,
currently approved collection. date of publication of this notice.
IRS Reports Clearance Officer. Affected Public: Business or other for-
[FR Doc. 2016–23412 Filed 9–27–16; 8:45 am]
DATES: Comments should be received on
profit organizations, and the Federal or before October 28, 2016 to be assured
BILLING CODE 4830–01–P Government. of consideration.
Estimated Number of Respondents:
500. ADDRESSES: Send comments regarding
DEPARTMENT OF THE TREASURY Estimated Time per Respondent: 4 the burden estimates, or any other
hours, 24 minutes. aspect of the information collection,
Internal Revenue Service Estimated Total Annual Burden including suggestions for reducing the
Hours: 2,200. burden, to (1) Office of Information and
Proposed Collection; Comment The following paragraph applies to all Regulatory Affairs, Office of
mstockstill on DSK3G9T082PROD with NOTICES
Request on Treatment of Acquisition of the collections of 1information Management and Budget, Attention:
of Certain Financial Institutions covered by this notice: Desk Officer for Treasury, New
AGENCY: Internal Revenue Service (IRS), An agency may not conduct or Executive Office Building, Room 10235,
Treasury. sponsor, and a person is not required to Washington, DC 20503, or email at
respond to, a collection of information OIRA_Submission@OMB.EOP.gov and
ACTION: Notice and request for
unless the collection of information (2) Treasury PRA Clearance Officer,
comments.
displays a valid OMB control number. 1750 Pennsylvania Ave. NW., Suite
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![Federal Register / Vol. 81, No. 188 / Wednesday, September 28, 2016 / Notices 66751
8117, Washington, DC 20220, or email FOR FURTHER INFORMATION CONTACT: Teamsters Pension Fund), a
at PRA@treasury.gov. Copies of the submission may be multiemployer pension plan, has
FOR FURTHER INFORMATION CONTACT: obtained by emailing PRA@treasury.gov, submitted an application to Treasury to
Copies of the submissions may be calling (202) 622–1295, or viewing the reduce benefits under the plan in
obtained by emailing PRA@treasury.gov, entire information collection request at accordance with the Multiemployer
calling (202) 622–1295, or viewing the www.reginfo.gov. Pension Reform Act of 2014. The
entire information collection request at purpose of this notice is to announce
Departmental Offices that the application submitted by the
www.reginfo.gov.
OMB Control Number: 1505–0255. Board of Trustees of the NYS Teamsters
Internal Revenue Service (IRS) Type of Review: Extension of a Pension Fund has been published on
OMB Control Number: 1545–0117. currently approved collection. the Web site of the Department of the
Type of Review: Revision of a Title: Hizballah Financial Sanctions Treasury (Treasury), and to request
currently approved collection. Regulations. public comments on the application
Title: Form 1099–OID, Original Issue Abstract: The Department of the from interested parties, including
Discount. Treasury’s Office of Foreign Assets participants and beneficiaries, employee
Form: Form 1099–OID. Control (OFAC) added the Hizballah organizations, and contributing
Abstract: This form is filed if the Financial Sanctions Regulations to 31 employers of the NYS Teamsters
original issue discount (OID) includible CFR chapter V, in order to implement Pension Fund.
in gross income is at least $10; or for the Hizballah International Financing DATES: Comments must be received by
any person for whom the taxpayer Prevention Act of 2015, Public Law November 14, 2016.
withheld and paid any foreign tax on 114–102 (HIFPA). The Regulations
ADDRESSES: You may submit comments
OID; or from whom the taxpayer require a U.S. financial institution that
withheld (and did not refund) any electronically through the Federal
maintained a correspondent account or
federal income tax under the backup eRulemaking Portal at http://
a payable-through account for a foreign www.regulations.gov, in accordance
withholding rules even if the amount of financial institution for which the
the OID is less than $10. with the instructions on that site.
maintaining of such an account has Electronic submissions through
Affected Public: Businesses or other been prohibited to file a report with
for-profits. www.regulations.gov are encouraged.
OFAC that provides full details on the Comments may also be mailed to the
Estimated Total Annual Burden closing of each such account within 30
Hours: 452,520. Department of the Treasury, MPRA
days of the closure of the account. The Office, 1500 Pennsylvania Avenue NW.,
Dated: September 23, 2016. report must include complete Room 1224, Washington, DC 20220.
Brenda Simms, information on all transactions Attn: Eric Berger. Comments sent via
Treasury PRA Clearance Officer. processed or executed in winding down facsimile and email will not be
[FR Doc. 2016–23429 Filed 9–27–16; 8:45 am] and closing the account. This collection accepted.
BILLING CODE 4830–01–P of information is required by OFAC to Additional Instructions. All
monitor compliance with regulatory comments received, including
requirements regarding the closure of attachments and other supporting
DEPARTMENT OF THE TREASURY correspondent accounts and payable- materials, will be made available to the
through accounts maintained by a U.S. public. Do not include any personally
Submission for OMB Review; financial institution for a foreign identifiable information (such as Social
Comment Request financial institution when the Security number, name, address, or
September 23, 2016.
maintaining of such accounts for a other contact information) or any other
foreign financial institution has been information in your comment or
The Department of the Treasury will
prohibited pursuant to the Regulations. supporting materials that you do not
submit the following information
Affected Public: Businesses or other want publicly disclosed. Treasury will
collection request to the Office of
for-profits: U.S. financial institutions make comments available for public
Management and Budget (OMB) for
operating correspondent or payable- inspection and copying on
review and clearance in accordance
through accounts for foreign financial www.regulations.gov or upon request.
with the Paperwork Reduction Act of
institutions. Comments posted on the Internet can be
1995, Public Law 104–13, on or after the
Estimated Total Annual Burden retrieved by most Internet search
date of publication of this notice.
Hours: 2. engines.
DATES: Comments should be received on
or before October 28, 2016 to be assured Brenda Simms, FOR FURTHER INFORMATION CONTACT: For
of consideration. Treasury PRA Clearance Officer. information regarding the application
ADDRESSES: Send comments regarding [FR Doc. 2016–23436 Filed 9–27–16; 8:45 am] from the NYS Teamsters Pension Fund,
the burden estimates, or any other BILLING CODE 4810–25–P please contact Treasury at (202) 622–
aspect of the information collection, 1534 (not a toll-free number).
including suggestions for reducing the SUPPLEMENTARY INFORMATION: The
burden, to (1) Office of Information and DEPARTMENT OF THE TREASURY Multiemployer Pension Reform Act of
Regulatory Affairs, Office of 2014 (MPRA) amended the Internal
Management and Budget, Attention: Multiemployer Pension Plan Revenue Code to permit a
Desk Officer for Treasury, New Application To Reduce Benefits multiemployer plan that is projected to
mstockstill on DSK3G9T082PROD with NOTICES
Executive Office Building, Room 10235, AGENCY: Department of the Treasury. have insufficient funds to reduce
Washington, DC 20503, or email at ACTION:Notice of availability; Request pension benefits payable to participants
OIRA_Submission@OMB.EOP.gov and for comments. and beneficiaries if certain conditions
(2) Treasury PRA Clearance Officer, are satisfied. In order to reduce benefits,
1750 Pennsylvania Ave. NW., Suite SUMMARY: The Board of Trustees of the the plan sponsor is required to submit
8117, Washington, DC 20220, or email New York State Teamsters Conference an application to the Secretary of the
at PRA@treasury.gov. Pension and Retirement Fund (NYS Treasury, which Treasury, in
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Document Created: 2016-09-28 01:07:27
Document Modified: 2016-09-28 01:07:27
| 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 October 28, 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 66750 |
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