81 FR 91248 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 242 (December 16, 2016)

[Federal Register Volume 81, Number 242 (Friday, December 16, 2016)]
[Notices]
[Pages 91248-91249]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-30260]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

December 12, 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 January 17, 2017 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: 1545-1714.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Tip Reporting Alternative Commitment (TRAC) for most 
industries.
    Abstract: Information is required by the Internal Revenue Service 
in its tax compliance efforts to assist employers and their employees 
in understanding and complying with section 6053(a), which requires 
employees to report all their tips monthly to their employers.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 4,877.

    OMB Control Number: 1545-1716.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Employer-Designed Tip Reporting Program for the Food and 
Beverage Industry (EmTRAC)--Notice 2001-1.
    Abstract: Information is required by the Internal Revenue Service 
in its compliance efforts to assist employers and their employees in 
understanding and complying with section 6053(a), which requires 
employees to report all their tips monthly to their employers.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 870.

    OMB Control Number: 1545-1730.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Manner of making election to terminate tax-exempt bond 
financing.
    Abstract: Section 142(f)(4) of the Internal Revenue Code of 1986 
permits a person engaged in the local furnishing of electric energy or 
gas that uses facilities financed with exempt facility bonds under 
section 142(a)(8) and that expands it service area in a manner 
inconsistent with the requirements of sections 142(a)(8) and 142(f) to 
make an election to ensure that those bonds will continue to be treated 
as tax-exempt bonds. The final regulations (1.142(f)-1) set forth the 
required time and manner of making this statutory election.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 15.

    OMB Control Number: 1545-1735.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Voluntary Compliance on Alien Withholding Program 
(``VCAP'')--Revenue Procedure 2001-20.
    Abstract: The revenue procedure will improve voluntary compliance 
of colleges and universities in connection with their obligations to 
report, withhold and pay taxes due on compensation paid to foreign 
students and scholars (nonresident aliens). The revenue procedure 
provides an optional opportunity for colleges and universities which 
have not fully complied with their tax obligations concerning 
nonresident aliens to self-audit and come into compliance with 
applicable reporting and payment requirements.
    Affected Public: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 346,500.

    OMB Control Number: 1545-1862.
    Type of Review: Revision of a currently approved collection.
    Title: Information Regarding Request for Refund of Social Security 
Tax Erroneously Withheld on Wages Received by a Nonresident Alien on an 
F, J, or M Type Visa.
    Form: Form 8316.
    Abstract: Certain foreign students and other nonresident visitors 
are exempt from FICA tax for services performed as specified in the 
Immigration and Naturalization Act. Applicants for refund of this FICA 
tax withheld by their employer must complete Form 8316 to verify that 
they are entitled to a refund of the FICA, that the employer has not 
paid back any part of the tax withheld and that the taxpayer has 
attempted to secure a refund from his/her employer.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 5,625.


[[Page 91249]]


    OMB Control Number: 1545-1872.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Request for Transcript of Tax Return.
    Form: 4506-T.
    Abstract: Internal Revenue Code section 7513 allows taxpayers to 
request a copy of a tax return or related products. Form 4506-T is used 
to request all products except copies of returns. The information 
provided will be used to search the taxpayers account and provide the 
requested information and to ensure that the requestor is the taxpayer 
or someone authorized by the taxpayer to obtain the documents 
requested.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 555,600.

    OMB Control Number: 1545-1873.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Waivers of Minimum Funding Standards--Revenue Procedure 
2004-15.
    Abstract: This revenue procedure describes the process for 
obtaining a waiver from the minimum funding standards set forth in 
section 412 of the Code.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 4,730.

    OMB Control Number: 1545-2040.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Automatic Consent to change certain elections relating to 
the apportionment of interest expense and research and experimental 
expenditures (RP 2006-42).
    Abstract: This revenue procedure sets forth the administrative 
procedures for taxpayers to obtain automatic approval to change certain 
elections relating to the apportionment of interest expense under 
Sec. Sec.  1.861-8T(c)(2) and 1.861-9(i)(2) and research and 
experimental expenditures (R&E) under Sec.  1.861-17(e). A taxpayer 
complying with this revenue procedure will be deemed to have obtained 
the approval of the Commissioner of the Internal Revenue Service to 
change those elections.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 100.

    OMB Control Number: 1545-2194.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Rules for Certain Rental Real Estate Activities.
    Abstract: This Revenue Procedure grants relief under Section 1.469-
9(g) for certain taxpayers to make late elections to treat all 
interests in rental real estate as a single rental real estate 
activity.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 1,000.

Bob Faber,
Acting Treasury PRA Clearance Officer.

    Note: This is the second Federal Register's Notice sent on 
December 12, 2016 for the Internal Revenue Service.

[FR Doc. 2016-30260 Filed 12-15-16; 8:45 am]
BILLING CODE 4810-01-P