81 FR 96568 - Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 251 (December 30, 2016)

Page Range		96568-96569
FR Document		2016-31707

Federal Register, Volume 81 Issue 251 (Friday, December 30, 2016)

[Federal Register Volume 81, Number 251 (Friday, December 30, 2016)]
[Notices]
[Pages 96568-96569]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-31707]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

December 27, 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 30, 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: 1545-0008.
    Type of Review: Revision of a currently approved collection.
    Title: Wage and Tax Statements W-2/W-3 Series.
    Abstract: Section 6051 of the Internal Revenue Code requires 
employers to furnish income and withholding statements to employees and 
to the IRS. Employers report income and withholding information on Form 
W-2. Forms W-2AS, W-2GU, and W-2VI are variations of the W-2 for use in 
U.S. possessions. The W-3 series forms transmit W-2 series forms to SSA 
for processing. The W-2C and W-3C series are used to correct previously 
filed forms.
    Forms: W-2VI, W-3, W-3C, W-3CPR, W-3PR, W-2GU, W-2, W-2C, W-2AS, W-
3SS.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1.

    OMB Control Number: 1545-0754.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form Substantiation of Charitable Contributions- TD 8002.
    Abstract: Congress intended that the IRS prescribe rules and 
requirements to assure substantiation and verification of charitable 
contributions. The regulations serve these purposes.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 2,158,000.

    OMB Control Number: 1545-1212.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form 706-QDT--U.S. Estate Tax Return for Qualified Domestic 
Trusts.
    Form: 706-QDT.
    Abstract: Form 706-QDT is used by the trustee or the designated 
filer to compute and report the Federal estate tax imposed on qualified 
domestic trusts by C section 2056A. IRS uses the information to enforce 
this tax and to verify that the tax has been properly computed.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 357.

    OMB Control Number: 1545-1578.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-106542-98 (TD 9032) (Final), Election to Treat Trust as 
Part of an Estate.
    Abstract: REG-106542-98 (TD 9032) and Rev. Proc. 98-13 relate to an 
election to have certain revocable trusts treated and taxed as part of 
an estate, and provides the procedures and requirements for making the 
section 645 election.
    Affected Public: Individual or Households.
    Estimated Total Annual Burden Hours: 5,000.
    OMB Control Number: 1545-1748.
    Type of Review: Extension without a change of a currently approved 
collection.
    Title: Changes in Accounting Periods--REG-106917-99 (TD 8669/
Final).
    Abstract: Section 1.441-2(b)(1) requires certain taxpayers to file 
statements on their federal income tax returns to notify the 
Commissioner of the taxpayers' election to adopt a 52-53 week taxable 
year. Section 1.442-1(b)(4) provides that certain taxpayers must 
establish books and records that clearly reflect income for the short 
period involved when changing their taxable year to a fiscal taxable 
year. Section 1.442-1(d) requires a newly married husband or wife to 
file a statement with their short period return when changing to the 
other spouse's taxable year.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 500.

    OMB Control Number: 1545-1877.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Average Area Purchase Price Safe Harbors and Nationwide 
Purchase Prices under section 143--Revenue Procedure 2004-18.
    Abstract: Revenue Procedure 2004-18 provides issuers of qualified 
mortgage bonds, as defined in section 143(a) of

[[Page 96569]]

the Internal Revenue Code, and issuers of mortgage credit certificates, 
as defined in section 25(c), with (1) nationwide average purchase 
prices for residences located in the United States, and (2) average 
area purchase price safe harbors for residences located in statistical 
areas in each state, the District of Columbia, Puerto Rico, the 
Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Annual Burden Hours: 15.

    OMB Control Number: 1545-1979.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form 8908--Energy Efficient Home Credit.
    Form: 8908.
    Abstract: Eligible contractors will use Form 8908 to claim the 
credit for new energy efficient homes that are acquired by sale or 
lease by an individual from that contractor during the tax year for use 
as a residence.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 512,820.

    OMB Control Number: 1545-2050.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2006-109--Interim Guidance Regarding Supporting 
Organizations and Donor Advised Funds.
    Abstract: Notice 2006-109 provides interim guidance regarding 
application of new or revised requirements under sections 1231 and 
1241-1244 of the Pension Protection Act of 2006. It also provides 
interim relief from application of new excise taxes on private 
foundation grants to supporting organizations and on sponsoring 
organizations of donor advised funds.
    Affected Public: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 612,294.

    OMB Control Number: 1545-2147.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Internal Revenue Code Section 108(i) Election.
    Abstract: Public Law 111-5 (American Recovery and Reinvestment 
Act), Section 1231 requires taxpayers to attach an election statement 
to the taxpayer's tax return to obtain a tax benefit. Information on 
how to make the election and what the statement must include must be 
published as early as possible to allow taxpayers sufficient time to 
determine whether to make the election and timely prepare and file 
their tax returns.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 300,000.

Bob Faber,
Treasury PRA Clearance Officer.
[FR Doc. 2016-31707 Filed 12-29-16; 8:45 am]
 BILLING CODE 4830-01-P

96568 Federal Register / Vol. 81, No. 251 / Friday, December 30, 2016 / Notices

estimated that the largest custodians of aspect of the information collections, Form: 706–QDT.
securities will require a total of 486 including suggestions for reducing the Abstract: Form 706–QDT is used by
hours on average; and for the largest burden, to (1) Office of Information and the trustee or the designated filer to
issuers of securities that have data to Regulatory Affairs, Office of compute and report the Federal estate
report and are not custodians, the Management and Budget, Attention: tax imposed on qualified domestic
estimate is 110 hours on average. The Desk Officer for Treasury, New trusts by C section 2056A. IRS uses the
exemption level for custodians and for Executive Office Building, Room 10235, information to enforce this tax and to
end-investors is the holding of less than Washington, DC 20503, or email at verify that the tax has been properly
$200 million in reportable U.S. OIRA_Submission@OMB.EOP.gov and computed.
securities owned by foreign residents. (2) Treasury PRA Clearance Officer, Affected Public: Individuals or
The exemption level applies only in 1750 Pennsylvania Ave. NW., Suite Households.
benchmark years. 8142, Washington, DC 20220, or email Estimated Total Annual Burden
Estimated Total Annual Burden at PRA@treasury.gov. Hours: 357.
Hours: An annual average (over five FOR FURTHER INFORMATION CONTACT: OMB Control Number: 1545–1578.
years) of 33,720 hours. Copies of the submissions may be Type of Review: Extension without
Frequency of Response: Annual. obtained by emailing PRA@treasury.gov, change of a currently approved
Request for Comments: Comments calling (202) 622–0934, or viewing the collection.
submitted in response to this notice will entire information collection request at Title: REG–106542–98 (TD 9032)
be summarized and/or included in the www.reginfo.gov. (Final), Election to Treat Trust as Part of
request for Office of Management and an Estate.
Budget approval. All comments will Internal Revenue Service (IRS) Abstract: REG–106542–98 (TD 9032)
become a matter of public record. The OMB Control Number: 1545–0008. and Rev. Proc. 98–13 relate to an
public is invited to submit written Type of Review: Revision of a election to have certain revocable trusts
comments concerning: (a) Whether the currently approved collection. treated and taxed as part of an estate,
Survey is necessary for the proper Title: Wage and Tax Statements W–2/ and provides the procedures and
performance of the functions of the W–3 Series. requirements for making the section 645
Office of International Affairs within the Abstract: Section 6051 of the Internal election.
Department of the Treasury, including Revenue Code requires employers to Affected Public: Individual or
whether the information collected will furnish income and withholding Households.
have practical uses; (b) the accuracy of statements to employees and to the IRS. Estimated Total Annual Burden
the above estimate of the burdens; (c) Employers report income and Hours: 5,000.
ways to enhance the quality, usefulness withholding information on Form W–2. OMB Control Number: 1545–1748.
and clarity of the information to be Forms W–2AS, W–2GU, and W–2VI are Type of Review: Extension without a
collected; (d) ways to minimize the variations of the W–2 for use in U.S. change of a currently approved
reporting and/or record keeping burdens possessions. The W–3 series forms collection.
on respondents, including the use of transmit W–2 series forms to SSA for Title: Changes in Accounting
information technologies to automate processing. The W–2C and W–3C series Periods—REG–106917–99 (TD 8669/
the collection of the data requested; and are used to correct previously filed Final).
(e) estimates of capital or start-up costs forms. Abstract: Section 1.441–2(b)(1)
of operation, maintenance and purchase Forms: W–2VI, W–3, W–3C, W–3CPR, requires certain taxpayers to file
of services to provide the information W–3PR, W–2GU, W–2, W–2C, W–2AS, statements on their federal income tax
requested. W–3SS. returns to notify the Commissioner of
Dwight Wolkow,
Affected Public: Businesses or other the taxpayers’ election to adopt a 52–53
for-profits. week taxable year. Section 1.442–1(b)(4)
Administrator, International Portfolio
Investment Data Systems.
Estimated Total Annual Burden provides that certain taxpayers must
Hours: 1. establish books and records that clearly
[FR Doc. 2016–31651 Filed 12–29–16; 8:45 am]
OMB Control Number: 1545–0754. reflect income for the short period
BILLING CODE 4810–25–P
Type of Review: Extension without involved when changing their taxable
change of a currently approved year to a fiscal taxable year. Section
DEPARTMENT OF THE TREASURY collection. 1.442–1(d) requires a newly married
Title: Form Substantiation of husband or wife to file a statement with
Submission for OMB Review; Charitable Contributions- TD 8002. their short period return when changing
Comment Request Abstract: Congress intended that the to the other spouse’s taxable year.
IRS prescribe rules and requirements to Affected Public: Businesses or other
December 27, 2016. assure substantiation and verification of for-profits.
The Department of the Treasury will charitable contributions. The Estimated Total Annual Burden
submit the following information regulations serve these purposes. Hours: 500.
collection requests to the Office of Affected Public: Individuals or OMB Control Number: 1545–1877.
Management and Budget (OMB) for Households. Type of Review: Extension without
review and clearance in accordance Estimated Total Annual Burden change of a currently approved
with the Paperwork Reduction Act of Hours: 2,158,000. collection.
srobinson on DSK5SPTVN1PROD with NOTICES

1995, Public Law 104–13, on or after the OMB Control Number: 1545–1212. Title: Average Area Purchase Price
date of publication of this notice. Type of Review: Extension without Safe Harbors and Nationwide Purchase
DATES: Comments should be received on change of a currently approved Prices under section 143—Revenue
or before January 30, 2017 to be assured collection. Procedure 2004–18.
of consideration. Title: Form 706–QDT—U.S. Estate Abstract: Revenue Procedure 2004–18
ADDRESSES: Send comments regarding Tax Return for Qualified Domestic provides issuers of qualified mortgage
the burden estimates, or any other Trusts. bonds, as defined in section 143(a) of

VerDate Sep<11>2014 19:18 Dec 29, 2016 Jkt 241001 PO 00000 Frm 00136 Fmt 4703 Sfmt 4703 E:\FR\FM\30DEN1.SGM 30DEN1

$Federal Register / Vol. 81, No. 251 / Friday, December 30, 2016 / Notices 96569 the Internal Revenue Code, and issuers Affected Public: Businesses or other Type of Review: Extension without of mortgage credit certificates, as for-profits. change of a currently approved defined in section 25(c), with (1) Estimated Total Annual Burden collection. nationwide average purchase prices for Hours: 512,820. Title: Internal Revenue Code Section residences located in the United States, OMB Control Number: 1545–2050. 108(i) Election. and (2) average area purchase price safe Type of Review: Extension without harbors for residences located in Abstract: Public Law 111–5 change of a currently approved (American Recovery and Reinvestment statistical areas in each state, the District collection. of Columbia, Puerto Rico, the Northern Act), Section 1231 requires taxpayers to Title: Notice 2006–109—Interim Mariana Islands, American Samoa, the attach an election statement to the Guidance Regarding Supporting Virgin Islands, and Guam. taxpayer’s tax return to obtain a tax Organizations and Donor Advised Affected Public: State, Local, and benefit. Information on how to make the Funds. Tribal Governments. election and what the statement must Abstract: Notice 2006–109 provides Estimated Total Annual Burden include must be published as early as interim guidance regarding application Hours: 15. possible to allow taxpayers sufficient of new or revised requirements under OMB Control Number: 1545–1979. time to determine whether to make the sections 1231 and 1241–1244 of the Type of Review: Extension without election and timely prepare and file Pension Protection Act of 2006. It also change of a currently approved their tax returns. provides interim relief from application collection. Affected Public: Businesses or other Title: Form 8908—Energy Efficient of new excise taxes on private foundation grants to supporting for-profits. Home Credit. Form: 8908. organizations and on sponsoring Estimated Total Annual Burden Abstract: Eligible contractors will use organizations of donor advised funds. Hours: 300,000. Form 8908 to claim the credit for new Affected Public: Not-for-profit institutions. Bob Faber, energy efficient homes that are acquired by sale or lease by an individual from Estimated Total Annual Burden Treasury PRA Clearance Officer. that contractor during the tax year for Hours: 612,294. [FR Doc. 2016–31707 Filed 12–29–16; 8:45 am] use as a residence. OMB Control Number: 1545–2147. BILLING CODE 4830–01–P srobinson on DSK5SPTVN1PROD with NOTICES VerDate Sep<11>2014 19:18 Dec 29, 2016 Jkt 241001 PO 00000 Frm 00137 Fmt 4703 Sfmt 9990 E:\FR\FM\30DEN1.SGM 30DEN1$

Document Created: 2016-12-30 05:16:08
Document Modified: 2016-12-30 05:16:08

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 January 30, 2017 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 96568