81 FR 92002 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 243 (December 19, 2016)

[Federal Register Volume 81, Number 243 (Monday, December 19, 2016)]
[Notices]
[Pages 92002-92003]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-30404]


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

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

December 14, 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 18, 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: 1545-1038.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Annual Certification of a Qualified Residential Rental 
Project.
    Form: 8703
    Abstract: Operators of qualified residential projects will use this 
form to certify annually that their projects meet the requirements of 
IRC section 142(d). Operators are required to file this certification 
under section 142(d)(7). Operators must indicate on the form the 
specific ``set-aside'' test the bond issuer elected under 26 U.S.C. 
Section 142(d) for the project period. They must also indicate the 
percentage of low-income units in the residential rental project.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 76,620.
    OMB Control Number: 1545-1592.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Exception from the information reporting requirements in 
Sec.  6045(e).
    Abstract: This revenue procedure supersedes Rev. Proc. 98-20, 98-1 
C.B. 549, and provides the written assurances that are acceptable to 
the Service for exempting a real estate reporting person from 
information reporting requirements for the sale of a principal 
residence under section 6045(e)5) of the Internal Revenue Code.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 420,500.
    OMB Control Number: 1545-1684.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Pre-Filing Agreements Program.
    Abstract: This revenue procedure permits a taxpayer under the 
jurisdiction of the Large Business and International Division (LB&I) to 
request that the Service examine specific issues relating to tax 
returns before those returns are filed. This revenue procedure modifies 
and supersedes Rev. Proc. 2009-14, 2009-3 I.R.B. 324. This revenue 
procedure provides the framework within which a taxpayer and the 
Service may work together in a cooperative environment to resolve, 
after examination, issues accepted into the program.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 13,134.
    OMB Control Number: 1545-1708.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Handbook for Authorized IRS e-file Providers.
    Abstract: Publication 1345 provides important information for 
Authorized IRS e-file Providers of Individual Income Tax Returns, 
including information regarding return submission, record keeping 
requirements, payment options, and refunds.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 6,023,762.
    OMB Control Number: 1545-1734.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Terminal Operator Report.
    Form: 720-TO
    Abstract: Representatives of the motor fuel industry, state 
governments, and the Federal government are working to ensure 
compliance with excise taxes on motor fuels. This joint effort has 
resulted in a system to track the movement of all products to and from 
terminals. Form 720-TO is an information return that will be used by 
terminal operators to report their monthly receipts and disbursements 
of products.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,347,020.
    OMB Control Number: 1545-1875.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Guidance on how a state elects a health program for HCTC.
    Abstract: Revenue Procedure 2004-12 informs states how to elect a 
health program to be qualified health insurance

[[Page 92003]]

for purposes of the health coverage tax credit (HCTC) under section 35 
of the Internal Revenue Code. The collection of information is 
voluntary. However, if a state does not make an election, eligible 
residents of the state may be impeded in their efforts to claim the 
HCTC.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Annual Burden Hours: 26.
    OMB Control Number: 1545-2079.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Disclosure by taxable party to the tax-exempt entity.
    Abstract: This document contains final regulations that provide 
guidance under section 4965 of the Internal Revenue Code (Code), 
relating to excise taxes with respect to prohibited tax shelter 
transactions to which tax-exempt entities are parties, and sections 
6033(a)(2) and 6011(g) of the Code, relating to certain disclosure 
obligations with respect to such transactions.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 98,500.

Bob Faber,
Acting Treasury PRA Clearance Officer.
[FR Doc. 2016-30404 Filed 12-16-16; 8:45 am]
 BILLING CODE 4830-01-P