81 FR 86380 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 230 (November 30, 2016)

Page Range		86380-86380
FR Document		2016-28813

Federal Register, Volume 81 Issue 230 (Wednesday, November 30, 2016)

[Federal Register Volume 81, Number 230 (Wednesday, November 30, 2016)]
[Notices]
[Page 86380]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-28813]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 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 December 30, 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 8142, 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) 622-0934, or 
viewing the entire information collection request at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Control Number: 1545-1487.
    Type of Review: Reinstatement without change of a previously 
approved collection.
    Title: Failure To File Gain Recognition Agreements or Satisfy Other 
Reporting Obligations.
    Abstract: Sections 367(e)(1) and 367(e)(2) provide for gain 
recognition on certain transfers to foreign persons under sections 355 
and 332. Section 6038B(a) requires U.S. persons transferring property 
to foreign persons in exchanges described in sections 332 and 355 to 
furnish information regarding such transfers.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,471.

    OMB Control Number: 1545-1675.
    Type of Review: Reinstatement with change of a previously approved 
collection.
    Title: Treatment of taxable income of a residual interest holder in 
excess of daily accruals.
    Abstract: Sections 1.860E-1(c)(4)-(10) of the Treasury Regulations 
provide circumstances under which a transferor of a noneconomic 
residual interest in a Real Estate Mortgage Investment Conduit (REMIC) 
meeting the investigation, and two representation requirements may 
avail itself of the safe harbor by satisfying either the formula test 
or asset test.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 470.

    OMB Control Number: 1545-1856.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Consent To Disclosure of Return Information.
    Form: 13362.
    Abstract: The Consent Form is provided to external applicant that 
will allow the Service the ability to conduct tax checks to determine 
if an applicant is suitability for employment once they are determined 
qualified and within reach to receive an employment offer. Form 13362 
can be sent and received electronically.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 7,664.

    OMB Control Number: 1545-2219.
    Type of Review: Reinstatement with change of a previously approved 
collection.
    Title: Form 14242--Reporting Abusive Tax Promotions or Preparer's, 
& Form 14242 (SP)--Informe las Presuntas Promociones de Planes.
    Forms: 14242, 14242 (SP).
    Abstract: Form 14242 and Form 14242 (SP) are both used to report an 
abusive tax avoidance scheme and tax return preparer's who promote such 
schemes (Form 14242 (SP) is the Spanish translation of Form 14242). The 
information is collected to combat abusive tax promoters. Respondents 
can be individuals, businesses and tax return preparer's.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 77.

Bob Faber,
Acting Treasury PRA Clearance Officer.
[FR Doc. 2016-28813 Filed 11-29-16; 8:45 am]
 BILLING CODE 4830-01-P

86380 Federal Register / Vol. 81, No. 230 / Wednesday, November 30, 2016 / Notices

currently posted to FEDBIZOPS, ADDRESSES: Send comments regarding investigation, and two representation
interested capable vendors are invited to the burden estimates, or any other requirements may avail itself of the safe
provide responses. The Government aspect of the information collections, harbor by satisfying either the formula
will not reimburse respondents for any including suggestions for reducing the test or asset test.
costs associated with the submission of burden, to (1) Office of Information and Affected Public: Businesses or other
the information being requested or Regulatory Affairs, Office of for-profits.
reimburse expenses incurred to the Management and Budget, Attention: Estimated Total Annual Burden
interested parties for responses. Desk Officer for Treasury, New Hours: 470.
Additionally, your response will be Executive Office Building, Room 10235, OMB Control Number: 1545–1856.
treated only as information for the Washington, DC 20503, or email at Type of Review: Extension without
Government to consider. As previously OIRA_Submission@OMB.EOP.gov and change of a currently approved
stated, respondents will not be entitled (2) Treasury PRA Clearance Officer, collection.
to payment for direct or indirect costs 1750 Pennsylvania Ave. NW., Suite Title: Consent To Disclosure of Return
that are incurred in responding to this 8142, Washington, DC 20220, or email Information.
RFI. Further, this request does not at PRA@treasury.gov. Form: 13362.
constitute a solicitation for proposals or FOR FURTHER INFORMATION CONTACT: Abstract: The Consent Form is
the authority to enter into negotiations Copies of the submissions may be provided to external applicant that will
to award a contract. No funds have been obtained by emailing PRA@treasury.gov, allow the Service the ability to conduct
authorized, appropriated or received for calling (202) 622–0934, or viewing the tax checks to determine if an applicant
this effort. The information provided entire information collection request at is suitability for employment once they
may be used by the Federal Government www.reginfo.gov. are determined qualified and within
in developing an acquisition strategy, reach to receive an employment offer.
Statements of Work/Performance Work Internal Revenue Service (IRS)
Form 13362 can be sent and received
Statements and/or Statements of OMB Control Number: 1545–1487. electronically.
Objectives. Interested parties are Type of Review: Reinstatement Affected Public: Individuals or
responsible to adequately mark without change of a previously Households.
proprietary, restricted or competition approved collection. Estimated Total Annual Burden
sensitive information contained in their Title: Failure To File Gain Hours: 7,664.
response accordingly. Recognition Agreements or Satisfy OMB Control Number: 1545–2219.
Issued this day of November 23, 2016, in Other Reporting Obligations. Type of Review: Reinstatement with
Washington, DC. Abstract: Sections 367(e)(1) and change of a previously approved
Sophie Shulman, 367(e)(2) provide for gain recognition on collection.
Acting Assistant Secretary for Research and
certain transfers to foreign persons Title: Form 14242—Reporting
Technology. under sections 355 and 332. Section Abusive Tax Promotions or Preparer’s, &
[FR Doc. 2016–28805 Filed 11–29–16; 8:45 am]
6038B(a) requires U.S. persons Form 14242 (SP)—Informe las Presuntas
transferring property to foreign persons Promociones de Planes.
BILLING CODE 4910–9X–P
in exchanges described in sections 332 Forms: 14242, 14242 (SP).
and 355 to furnish information Abstract: Form 14242 and Form
regarding such transfers. 14242 (SP) are both used to report an
DEPARTMENT OF THE TREASURY Affected Public: Businesses or other abusive tax avoidance scheme and tax
for-profits. return preparer’s who promote such
Submission for OMB Review; Estimated Total Annual Burden schemes (Form 14242 (SP) is the
Comment Request Hours: 2,471. Spanish translation of Form 14242). The
OMB Control Number: 1545–1675. information is collected to combat
November 25, 2016. Type of Review: Reinstatement with abusive tax promoters. Respondents can
The Department of the Treasury will change of a previously approved be individuals, businesses and tax
submit the following information collection. return preparer’s.
collection requests to the Office of Title: Treatment of taxable income of Affected Public: Individuals or
Management and Budget (OMB) for a residual interest holder in excess of Households.
review and clearance in accordance daily accruals. Estimated Total Annual Burden
with the Paperwork Reduction Act of Abstract: Sections 1.860E–1(c)(4)–(10) Hours: 77.
1995, Public Law 104–13, on or after the of the Treasury Regulations provide
date of publication of this notice. circumstances under which a transferor Bob Faber,
DATES: Comments should be received on of a noneconomic residual interest in a Acting Treasury PRA Clearance Officer.
or before December 30, 2016 to be Real Estate Mortgage Investment [FR Doc. 2016–28813 Filed 11–29–16; 8:45 am]
assured of consideration. Conduit (REMIC) meeting the BILLING CODE 4830–01–P
sradovich on DSK3GMQ082PROD with NOTICES

VerDate Sep<11>2014 16:51 Nov 29, 2016 Jkt 241001 PO 00000 Frm 00062 Fmt 4703 Sfmt 9990 E:\FR\FM\30NON1.SGM 30NON1

Document Created: 2016-11-30 02:17:58
Document Modified: 2016-11-30 02:17:58

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 December 30, 2016 to be assured of consideration.
Contact		Copies of the submissions may be obtained by emailing [email protected], calling (202) 622-0934, or viewing the entire information collection request at www.reginfo.gov.
FR Citation		81 FR 86380