82_FR_12063 82 FR 12026 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests

82 FR 12026 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests

DEPARTMENT OF THE TREASURY

Federal Register Volume 82, Issue 37 (February 27, 2017)

Page Range12026-12028
FR Document2017-03780

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, on or after the date of publication of this notice. The public is invited to submit comments on the collections listed below.

Federal Register, Volume 82 Issue 37 (Monday, February 27, 2017)
[Federal Register Volume 82, Number 37 (Monday, February 27, 2017)]
[Notices]
[Pages 12026-12028]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-03780]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Multiple IRS Information Collection Requests

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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

SUMMARY: 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, on or after the date of publication of this 
notice. The public is invited to submit comments on the collections 
listed below.

DATES: Comments should be received on or before March 29, 2017 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, 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 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) 622-0489, or 
viewing the entire information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    Title: Application to Use LIFO Inventory Method.
    OMB Control Number: 1545-0042.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: 970.
    Abstract: Form 970 is filed by individuals, partnerships, trusts, 
estates, or corporations to elect to use the LIFO inventory method or 
to extend the LIFO method to additional goods. The IRS uses Form 970 to 
determine if the election was properly made.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 42,220.

    Title: Form 1099-INT--Interest Income.
    OMB Control Number: 1545-0112.
    Type of Review: Revision of a currently approved collection.
    Form: 1099-INT.
    Abstract: This form is used for reporting interest income paid, as 
required by sections 6049 and 6041 of the Internal Revenue Code. It is 
used to verify that payees are correctly reporting their income.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 46,403,150.

    Title: Special Lien for Estate Taxes Deferred Under Section 6166 or 
6166A.
    OMB Control Number: 1545-0757.
    Type of Review: Revision of a currently approved collection.
    Form: 13925.
    Abstract: Section 6324A permits the executor of a decedent's estate 
to elect a lien on section 6166 property in favor of the United States 
in lieu of a bond or personal liability if an election under section 
6166 was made and the executor files an agreement under section 
6323A(c). Form 13925 lists the information required in Regulation 
section 301.6324A-1(b)(1) and was drafted to help taxpayers file liens 
that will be valid under section 6324A and the regulations.
    Affected Public: Individuals.
    Estimated Total Annual Burden Hours: 500.

    Title: EE-12-78 Non-Bank Trustees.
    OMB Control Number: 1545-0806.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: None.
    Abstract: IRC section 408(a)(2) permits an institution other than a 
bank to be the trustee of an individual retirement account (IRA). To do 
so, an application needs to be filed and various requirements need to 
be met. IRS uses the information to determine whether an institution 
qualifies to be a non-bank trustee.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 13.


[[Page 12027]]


    Title: TD 8124--Time and Manner of Making Certain Elections under 
the Tax Reform Act of 1986.
    OMB Control Number: 1545-0982.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: None.
    Abstract: Section 301.9100-7T lists certain elections that are 
provided by Tax Reform Act of 1986 and provides general rules regarding 
the time and the manner for making the elections. These regulations 
enable taxpayers to take advantage of the benefits of various Code 
provisions.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 9,750.

    Title: INTL-952-86 (Final-TD 8410) and TD 8228 Allocation and 
Apportionment of Interest Expense and Certain Other Expenses.
    OMB Control Number: 1545-1072.
    Type of Review: Revision of a currently approved collection.
    Form: None.
    Abstract: The regulations provide rules concerning the allocation 
and apportionment of expenses to foreign source income for purposes of 
the foreign tax credit and other provisions.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 3,250.
    Title: TD-8350 (Final) Requirements For Investments to Qualify 
under Section 936(d)(4) as Investments in Qualified Caribbean Basin 
Countries.
    OMB Control Number: 1545-1138.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: None.
    Abstract: The collection of information is required by the Internal 
Revenue Service to verify that an investment qualifies under IRC 
section 936(d)(4). The respondents will be possession corporations, 
certain financial institutions located in Puerto Rico, and borrowers of 
funds covered by this regulation.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,500.
    Title: Tax Information Authorization.
    OMB Control Number: 1545-1165.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: 8821, 8821-A.
    Abstract: Form 8821 is used to appoint someone to receive or 
inspect certain tax information. Data is used identify appointees and 
to ensure that confidential information is not divulged to unauthorized 
persons. Form 8821-A is an authorization signed by a taxpayer for the 
IRS to disclose returns and return information to local law enforcement 
in the event of a possible identity theft.
    Affected Public: Individuals.
    Estimated Total Annual Burden Hours: 147,800.
    Title: FI-3-91 (TD 8456--Final) Capitalization of Certain Policy 
Acquisition Expenses.
    OMB Control Number: 1545-1287.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: None.
    Abstract: Insurance companies that enter into reinsurance agreement 
must determine the amounts to be capitalized under those agreements 
consistently. The regulations provide elections to permit companies to 
shift the burden of capitalization for their mutual benefit.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,070.
    Title: TD 8449 (Final) Election, Revocation, Termination, and Tax 
Effect of Subchapter S Status.
    OMB Control Number: 1545-1308.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: None.
    Abstract: Section 1-1362-1 through 1.1362-7 of the Income Tax 
Regulations provide the specific procedures and requirements necessary 
to implement section 1362, including the filing of various elections 
and statements with the Internal Revenue Service.
    Affected Public: Individuals, Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 322.
    Title: Arbitrage Restrictions and Guidance on Issue Price 
Definition for Tax Exempt Bonds.
    OMB Control Number: 1545-1347.
    Type of Review: Revision of a currently approved collection.
    Form: None.
    Abstract: Section 148 of the Internal Revenue Code requires issuers 
of tax-exempt bonds to rebate certain arbitrage profits earned on 
nonpurpose investments acquired with the bond proceeds. Issuers are 
required to file a Form 8038-T and remit the rebate. Issuers are also 
required to keep records of certain interest rate hedges so that the 
hedges are taken into account in determining arbitrage profits. The 
scope of interest rate hedging transactions covered by the arbitrage 
regulations was broadened by requiring that hedges entered into prior 
to the sale date of the bonds are covered as well.
    The collection of information for TD 9777 is in Sec.  1.148-
4(h)(2)(viii), which contains a requirement that the issuer maintain in 
its records a certificate from the hedge provider. For a hedge to be a 
qualified hedge, existing regulations require, among other items, that 
the actual issuer identify the hedge on its books and records. The 
identification must specify the hedge provider, the terms of the 
contract, and the hedged bonds. These final regulations require that 
the identification also include a certificate from the hedge provider 
specifying certain information regarding the hedge.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 91,558.
    Title: Requirements to Ensure Collection of Section 2056A Estate 
Tax--TD 8686.
    OMB Control Number: 1545-1443.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: None.
    Abstract: The regulation provides guidance relating to the 
additional requirements necessary to ensure the collection of the 
estate tax imposed under Section 2056A(b) with respect to taxable 
events involving qualified domestic trusts (QDOT'S). In order to ensure 
collection of the tax, the regulation provides various security options 
that may be selected by the trust and the requirements associated with 
each option. In addition, under certain circumstances the trust is 
required to file an annual statement with the IRS disclosing the assets 
held by the trust.
    Affected Public: Individuals.
    Estimated Total Annual Burden Hours: 6,070.
    Title: Student Loan Interest Statement.
    OMB Control Number: 1545-1576.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: 1098-E.
    Abstract: Section 6050S(b)(2) of the Internal Revenue Code requires 
persons (financial institutions, governmental units, etc.) to report 
$600 or more of interest paid on student loans to the IRS and the 
students.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,657,789.

    Title: Revenue Procedure 2004-19--Probable or Prospective Reserves 
Safe Harbor.

[[Page 12028]]

    OMB Control Number: 1545-1861.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: None.
    Abstract: This revenue procedure requires a taxpayer to file an 
election statement with the Service if the taxpayer wants to use the 
safe harbor to estimate the taxpayers' oil and gas properties' probable 
or prospective reserves for purposes of computing cost depletion under 
Sec. 611 of the Internal Revenue Code.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 50.

    Title: IRS e-file Signature Authorization for an Exempt 
Organization.
    OMB Control Number: 1545-1878.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: 8879-EO.
    Abstract: Form 8879-EO authorizes an officer of an exempt 
organization and electronic return originator (ERO) to use a personal 
identification number (PIN) to electronically sign an organization's 
electronic income tax return and, if applicable, Electronic Funds 
Withdrawal Consent.
    Affected Public: Not-for-profit Institutions.
    Estimated Total Annual Burden Hours: 425,714.

    Title: Exempt Organization Declaration and Signature for Electronic 
Filing.
    OMB Control Number: 1545-1879.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: 8453-EO.
    Abstract: Form 8453-EO is used to authenticate an electronic Forms 
990, 990-EZ, 990-PF, 1120-POL or 8868 authorize the electronic return 
originator, and/or intermediate service provider, if any, to transmit 
via a third-party transmitter; and provide the organization's consent 
to directly deposit any refund and/or authorize an electronic funds 
withdrawal for payment of Federal taxes owed.
    Affected Public: Not-for-profit Institutions.
    Estimated Total Annual Burden Hours: 1,046.

    Title: Election to Treat a Qualified Revocable Trust as Part of an 
Estate.
    OMB Control Number: 1545-1881.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: 8855.
    Abstract: Form 8855 is used to make a section 645 election that 
allows a qualified revocable trust to be treated and taxed (for income 
tax purposes) as part of its related estate during the election period.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 28,200.

    Title: Intake/Interview & Quality Review Sheets.
    OMB Control Number: 1545-1964.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: None.
    Abstract: The SPEC function developed the Form 13614-C, Intake/
Interview & Quality Review Sheet that contains a standardized list of 
required intake and quality review questions to guide volunteers in 
asking taxpayers basic questions about themselves and conducting a 
quality review of the completed return. The intake/interview and 
quality review sheet is an effective tool for ensuring critical 
taxpayer information is obtained and applied during the interview and 
completion of the tax return process. In addition to English and 
Spanish, the form has been translated and is made available in 9 
additional languages: Arabic, Chinese Traditional and Simplified, 
Creole (French), Korean, Polish, Portuguese, Tagalog, and Vietnamese.
    Affected Public: Individuals.
    Estimated Total Annual Burden Hours: 555,000.

    Title: IRS Form 990-N Electronic Filing System (e-Postcard).
    OMB Control Number: 1545-2085.
    Type of Review: Extension with change of a currently approved 
collection.
    Form: 990-N.
    Abstract: Section 1223 of the Pension Protection Act of 2006 (PPA 
06), enacted on August 17, 2006, amended Internal Revenue Code (Code) 
section 6033 by adding Code section 6033(i), which requires certain 
tax-exempt organizations to file an annual electronic notice (Form 990-
N) for tax years beginning after December 31, 2006. These organizations 
are not required to file Form 990 (or Form 990-EZ) because their gross 
receipts are normally $25,000 or less.
    Affected Public: Not-for-profit Institutions.
    Estimated Total Annual Burden Hours: 75,000.

    Title: Waiver of 60-Day Rollover Requirement.
    OMB Control Number: 1545-2269.
    Type of Review: Extension without change of a currently approved 
collection.
    Form: None.
    Abstract: This information will be used by plan administrators and 
IRA trustees to accept contributions as rollover contributions and to 
report these contributions as rollover contributions. The IRS may also 
use the information to determine if a taxpayer meets the requirements 
for a waiver of the 60-day requirement.
    Affected Public: Individuals.
    Estimated Total Annual Burden Hours: 450.

    Authority:  44 U.S.C. 3501 et seq.

    Dated: February 22, 2017.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2017-03780 Filed 2-24-17; 8:45 am]
 BILLING CODE 4830-01-P



                                                  12026                        Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices

                                                     B. Information Technology Support:                   organizations that are considering                       Form: 970.
                                                  For IT Assistance, submit an AMIS                       applying to, or are interested in learning               Abstract: Form 970 is filed by
                                                  Service Request (Record Type of                         about, the CDFI Fund’s programs. For                  individuals, partnerships, trusts, estates,
                                                  ‘‘General Inquiry’’). In the Service                    further information, please visit the                 or corporations to elect to use the LIFO
                                                  Request form, select the appropriate                    CDFI Fund’s Web site at http://                       inventory method or to extend the LIFO
                                                  program, then select ‘‘AMIS Technical                   www.cdfifund.gov.                                     method to additional goods. The IRS
                                                  Problem’’ as the Type. People who have                    Authority: 12 U.S.C. 4701, et seq.; 12 CFR          uses Form 970 to determine if the
                                                  visual or mobility impairments that                     parts 1805 and 1815; 2 CFR 200.                       election was properly made.
                                                  prevent them from using the CDFI                                                                                 Affected Public: Businesses or other
                                                  Fund’s Web site should call (202) 653–                  Mary Ann Donovan,                                     for-profits.
                                                  0422 for assistance (this is not a toll free            Director, Community Development Financial                Estimated Total Annual Burden
                                                  number).                                                Institutions Fund.                                    Hours: 42,220.
                                                     C. Communication with the CDFI                       [FR Doc. 2017–03744 Filed 2–24–17; 8:45 am]              Title: Form 1099–INT—Interest
                                                  Fund: The CDFI Fund will use contact                    BILLING CODE 4810–70–P                                Income.
                                                  information in AMIS to communicate                                                                               OMB Control Number: 1545–0112.
                                                  with Applicants and Recipients. It is                                                                            Type of Review: Revision of a
                                                  imperative, therefore, that Applicants,                 DEPARTMENT OF THE TREASURY                            currently approved collection.
                                                  Recipients, Subsidiaries, Affiliates, and                                                                        Form: 1099–INT.
                                                  signatories maintain accurate contact                   Agency Information Collection                            Abstract: This form is used for
                                                  information in their accounts. This                     Activities; Submission for OMB                        reporting interest income paid, as
                                                  includes information such as contact                    Review; Comment Request; Multiple                     required by sections 6049 and 6041 of
                                                  names (especially for the authorized                    IRS Information Collection Requests                   the Internal Revenue Code. It is used to
                                                  representative) listed in this NOFA’s                   AGENCY: Departmental Offices, U.S.                    verify that payees are correctly reporting
                                                  application materials, email addresses,                 Department of the Treasury.                           their income.
                                                  fax and phone numbers, and office                                                                                Affected Public: Businesses or other
                                                                                                          ACTION: Notice.
                                                  locations.                                                                                                    for-profits.
                                                     D. Civil Rights and Diversity: Any                   SUMMARY:   The Department of the                         Estimated Total Annual Burden
                                                  person who is eligible to receive                       Treasury will submit the following                    Hours: 46,403,150.
                                                  benefits or services from the CDFI Fund                 information collection requests to the                   Title: Special Lien for Estate Taxes
                                                  or Recipients under any of its programs                 Office of Management and Budget                       Deferred Under Section 6166 or 6166A.
                                                  is entitled to those benefits or services               (OMB) for review and clearance in                        OMB Control Number: 1545–0757.
                                                  without being subject to prohibited                     accordance with the Paperwork                            Type of Review: Revision of a
                                                  discrimination. The Department of the                   Reduction Act of 1995, on or after the                currently approved collection.
                                                  Treasury’s Office of Civil Rights and                   date of publication of this notice. The                  Form: 13925.
                                                  Diversity enforces various Federal                      public is invited to submit comments on                  Abstract: Section 6324A permits the
                                                  statutes and regulations that prohibit                  the collections listed below.                         executor of a decedent’s estate to elect
                                                  discrimination in financially assisted                                                                        a lien on section 6166 property in favor
                                                                                                          DATES: Comments should be received on
                                                  and conducted programs and activities                                                                         of the United States in lieu of a bond or
                                                                                                          or before March 29, 2017 to be assured
                                                  of the CDFI Fund. If a person believes                                                                        personal liability if an election under
                                                                                                          of consideration.
                                                  that s/he has been subjected to                                                                               section 6166 was made and the executor
                                                  discrimination and/or reprisal because                  ADDRESSES: Send comments regarding                    files an agreement under section
                                                  of membership in a protected group, s/                  the burden estimate, or any other aspect              6323A(c). Form 13925 lists the
                                                  he may file a complaint with: Associate                 of the information collection, including              information required in Regulation
                                                  Chief Human Capital Officer, Office of                  suggestions for reducing the burden, to               section 301.6324A–1(b)(1) and was
                                                  Civil Rights, and Diversity, 1500                       (1) Office of Information and Regulatory              drafted to help taxpayers file liens that
                                                  Pennsylvania Ave. NW., Washington,                      Affairs, Office of Management and                     will be valid under section 6324A and
                                                  DC 20220 or (202) 622–1160 (not a toll-                 Budget, Attention: Desk Officer for                   the regulations.
                                                  free number).                                           Treasury, New Executive Office                           Affected Public: Individuals.
                                                                                                          Building, Room 10235, Washington, DC                     Estimated Total Annual Burden
                                                  VIII. Other Information                                 20503, or email at OIRA_Submission@                   Hours: 500.
                                                    A. Paperwork Reduction Act: Under                     OMB.EOP.gov and (2) Treasury PRA                         Title: EE–12–78 Non-Bank Trustees.
                                                  the Paperwork Reduction Act (44 U.S.C.                  Clearance Officer, 1750 Pennsylvania                     OMB Control Number: 1545–0806.
                                                  chapter 35), an agency may not conduct                  Ave. NW., Suite 8142, Washington, DC                     Type of Review: Extension without
                                                  or sponsor a collection of information,                 20220, or email at PRA@treasury.gov.                  change of a currently approved
                                                  and an individual is not required to                    FOR FURTHER INFORMATION CONTACT:                      collection.
                                                  respond to a collection of information,                 Copies of the submissions may be                         Form: None.
                                                  unless it displays a valid OMB control                  obtained by emailing PRA@treasury.gov,                   Abstract: IRC section 408(a)(2)
                                                  number. If applicable, the CDFI Fund                    calling (202) 622–0489, or viewing the                permits an institution other than a bank
                                                  may inform Applicants that they do not                  entire information collection request at              to be the trustee of an individual
                                                  need to provide certain Application                     www.reginfo.gov.                                      retirement account (IRA). To do so, an
                                                  information otherwise required.                         SUPPLEMENTARY INFORMATION:                            application needs to be filed and
                                                  Pursuant to the Paperwork Reduction
mstockstill on DSK3G9T082PROD with NOTICES




                                                                                                                                                                various requirements need to be met.
                                                  Act, the CDFI Program, and NACA                         Internal Revenue Service (IRS)                        IRS uses the information to determine
                                                  Program Application has been assigned                     Title: Application to Use LIFO                      whether an institution qualifies to be a
                                                  the following control number: 1559–                     Inventory Method.                                     non-bank trustee.
                                                  0021.                                                     OMB Control Number: 1545–0042.                         Affected Public: Businesses or other
                                                    B. Application Information Sessions:                    Type of Review: Extension without                   for-profits.
                                                  The CDFI Fund may conduct webinars                      change of a currently approved                           Estimated Total Annual Burden
                                                  or host information sessions for                        collection.                                           Hours: 13.


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                                                                               Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices                                           12027

                                                     Title: TD 8124—Time and Manner of                    identify appointees and to ensure that                broadened by requiring that hedges
                                                  Making Certain Elections under the Tax                  confidential information is not divulged              entered into prior to the sale date of the
                                                  Reform Act of 1986.                                     to unauthorized persons. Form 8821–A                  bonds are covered as well.
                                                     OMB Control Number: 1545–0982.                       is an authorization signed by a taxpayer                 The collection of information for TD
                                                     Type of Review: Extension without                    for the IRS to disclose returns and                   9777 is in § 1.148–4(h)(2)(viii), which
                                                  change of a currently approved                          return information to local law                       contains a requirement that the issuer
                                                  collection.                                             enforcement in the event of a possible                maintain in its records a certificate from
                                                     Form: None.                                          identity theft.                                       the hedge provider. For a hedge to be a
                                                     Abstract: Section 301.9100–7T lists                     Affected Public: Individuals.                      qualified hedge, existing regulations
                                                  certain elections that are provided by                     Estimated Total Annual Burden                      require, among other items, that the
                                                  Tax Reform Act of 1986 and provides                     Hours: 147,800.                                       actual issuer identify the hedge on its
                                                  general rules regarding the time and the                   Title: FI–3–91 (TD 8456—Final)                     books and records. The identification
                                                  manner for making the elections. These                  Capitalization of Certain Policy                      must specify the hedge provider, the
                                                  regulations enable taxpayers to take                    Acquisition Expenses.                                 terms of the contract, and the hedged
                                                  advantage of the benefits of various                       OMB Control Number: 1545–1287.                     bonds. These final regulations require
                                                  Code provisions.                                           Type of Review: Extension without                  that the identification also include a
                                                     Affected Public: Businesses or other                 change of a currently approved                        certificate from the hedge provider
                                                  for-profits.                                            collection.                                           specifying certain information regarding
                                                     Estimated Total Annual Burden                           Form: None.                                        the hedge.
                                                  Hours: 9,750.                                              Abstract: Insurance companies that                    Affected Public: Businesses or other
                                                                                                          enter into reinsurance agreement must                 for-profits.
                                                     Title: INTL–952–86 (Final-TD 8410)
                                                                                                          determine the amounts to be capitalized                  Estimated Total Annual Burden
                                                  and TD 8228 Allocation and
                                                                                                          under those agreements consistently.                  Hours: 91,558.
                                                  Apportionment of Interest Expense and
                                                                                                          The regulations provide elections to                     Title: Requirements to Ensure
                                                  Certain Other Expenses.
                                                                                                          permit companies to shift the burden of               Collection of Section 2056A Estate
                                                     OMB Control Number: 1545–1072.
                                                                                                          capitalization for their mutual benefit.              Tax—TD 8686.
                                                     Type of Review: Revision of a
                                                                                                             Affected Public: Businesses or other                  OMB Control Number: 1545–1443.
                                                  currently approved collection.                                                                                   Type of Review: Extension without
                                                                                                          for-profits.
                                                     Form: None.                                             Estimated Total Annual Burden                      change of a currently approved
                                                     Abstract: The regulations provide                    Hours: 2,070.                                         collection.
                                                  rules concerning the allocation and                        Title: TD 8449 (Final) Election,                      Form: None.
                                                  apportionment of expenses to foreign                    Revocation, Termination, and Tax Effect                  Abstract: The regulation provides
                                                  source income for purposes of the                       of Subchapter S Status.                               guidance relating to the additional
                                                  foreign tax credit and other provisions.                   OMB Control Number: 1545–1308.                     requirements necessary to ensure the
                                                     Affected Public: Businesses or other                    Type of Review: Extension without                  collection of the estate tax imposed
                                                  for-profits.                                            change of a currently approved                        under Section 2056A(b) with respect to
                                                     Estimated Total Annual Burden                        collection.                                           taxable events involving qualified
                                                  Hours: 3,250.                                              Form: None.                                        domestic trusts (QDOT’S). In order to
                                                     Title: TD–8350 (Final) Requirements                     Abstract: Section 1–1362–1 through                 ensure collection of the tax, the
                                                  For Investments to Qualify under                        1.1362–7 of the Income Tax Regulations                regulation provides various security
                                                  Section 936(d)(4) as Investments in                     provide the specific procedures and                   options that may be selected by the trust
                                                  Qualified Caribbean Basin Countries.                    requirements necessary to implement                   and the requirements associated with
                                                     OMB Control Number: 1545–1138.                       section 1362, including the filing of                 each option. In addition, under certain
                                                     Type of Review: Extension without                    various elections and statements with                 circumstances the trust is required to
                                                  change of a currently approved                          the Internal Revenue Service.                         file an annual statement with the IRS
                                                  collection.                                                Affected Public: Individuals,                      disclosing the assets held by the trust.
                                                     Form: None.                                          Businesses or other for-profits.                         Affected Public: Individuals.
                                                     Abstract: The collection of                             Estimated Total Annual Burden                         Estimated Total Annual Burden
                                                  information is required by the Internal                 Hours: 322.                                           Hours: 6,070.
                                                  Revenue Service to verify that an                          Title: Arbitrage Restrictions and                     Title: Student Loan Interest
                                                  investment qualifies under IRC section                  Guidance on Issue Price Definition for                Statement.
                                                  936(d)(4). The respondents will be                      Tax Exempt Bonds.                                        OMB Control Number: 1545–1576.
                                                  possession corporations, certain                           OMB Control Number: 1545–1347.                        Type of Review: Extension without
                                                  financial institutions located in Puerto                   Type of Review: Revision of a                      change of a currently approved
                                                  Rico, and borrowers of funds covered by                 currently approved collection.                        collection.
                                                  this regulation.                                           Form: None.                                           Form: 1098–E.
                                                     Affected Public: Businesses or other                    Abstract: Section 148 of the Internal                 Abstract: Section 6050S(b)(2) of the
                                                  for-profits.                                            Revenue Code requires issuers of tax-                 Internal Revenue Code requires persons
                                                     Estimated Total Annual Burden                        exempt bonds to rebate certain arbitrage              (financial institutions, governmental
                                                  Hours: 1,500.                                           profits earned on nonpurpose                          units, etc.) to report $600 or more of
                                                     Title: Tax Information Authorization.                investments acquired with the bond                    interest paid on student loans to the IRS
                                                     OMB Control Number: 1545–1165.                       proceeds. Issuers are required to file a              and the students.
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                                                     Type of Review: Extension without                    Form 8038–T and remit the rebate.                        Affected Public: Businesses or other
                                                  change of a currently approved                          Issuers are also required to keep records             for-profits.
                                                  collection.                                             of certain interest rate hedges so that the              Estimated Total Annual Burden
                                                     Form: 8821, 8821–A.                                  hedges are taken into account in                      Hours: 2,657,789.
                                                     Abstract: Form 8821 is used to                       determining arbitrage profits. The scope                 Title: Revenue Procedure 2004–19—
                                                  appoint someone to receive or inspect                   of interest rate hedging transactions                 Probable or Prospective Reserves Safe
                                                  certain tax information. Data is used                   covered by the arbitrage regulations was              Harbor.


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                                                  12028                        Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices

                                                    OMB Control Number: 1545–1861.                           Abstract: Form 8855 is used to make                  Type of Review: Extension without
                                                    Type of Review: Extension without                     a section 645 election that allows a                  change of a currently approved
                                                  change of a currently approved                          qualified revocable trust to be treated               collection.
                                                  collection.                                             and taxed (for income tax purposes) as                  Form: None.
                                                    Form: None.                                           part of its related estate during the                   Abstract: This information will be
                                                    Abstract: This revenue procedure                      election period.                                      used by plan administrators and IRA
                                                  requires a taxpayer to file an election                    Affected Public: Businesses or other               trustees to accept contributions as
                                                  statement with the Service if the                       for-profits.                                          rollover contributions and to report
                                                  taxpayer wants to use the safe harbor to                   Estimated Total Annual Burden                      these contributions as rollover
                                                  estimate the taxpayers’ oil and gas                     Hours: 28,200.                                        contributions. The IRS may also use the
                                                  properties’ probable or prospective                        Title: Intake/Interview & Quality                  information to determine if a taxpayer
                                                  reserves for purposes of computing cost                 Review Sheets.                                        meets the requirements for a waiver of
                                                  depletion under Sec. 611 of the Internal                   OMB Control Number: 1545–1964.                     the 60-day requirement.
                                                  Revenue Code.                                                                                                   Affected Public: Individuals.
                                                                                                             Type of Review: Extension without
                                                    Affected Public: Businesses or other                                                                          Estimated Total Annual Burden
                                                                                                          change of a currently approved
                                                  for-profits.                                                                                                  Hours: 450.
                                                                                                          collection.
                                                    Estimated Total Annual Burden
                                                                                                             Form: None.                                          Authority: 44 U.S.C. 3501 et seq.
                                                  Hours: 50.
                                                                                                             Abstract: The SPEC function                          Dated: February 22, 2017.
                                                    Title: IRS e-file Signature                           developed the Form 13614–C, Intake/
                                                  Authorization for an Exempt                                                                                   Spencer W. Clark,
                                                                                                          Interview & Quality Review Sheet that
                                                  Organization.                                                                                                 Treasury PRA Clearance Officer.
                                                                                                          contains a standardized list of required
                                                    OMB Control Number: 1545–1878.                        intake and quality review questions to                [FR Doc. 2017–03780 Filed 2–24–17; 8:45 am]
                                                    Type of Review: Extension without                     guide volunteers in asking taxpayers                  BILLING CODE 4830–01–P
                                                  change of a currently approved                          basic questions about themselves and
                                                  collection.                                             conducting a quality review of the
                                                    Form: 8879–EO.                                        completed return. The intake/interview                DEPARTMENT OF THE TREASURY
                                                    Abstract: Form 8879–EO authorizes
                                                                                                          and quality review sheet is an effective              Agency Information Collection
                                                  an officer of an exempt organization and
                                                                                                          tool for ensuring critical taxpayer                   Activities; Submission for OMB
                                                  electronic return originator (ERO) to use
                                                                                                          information is obtained and applied                   Review; Comment Request; Regulation
                                                  a personal identification number (PIN)
                                                                                                          during the interview and completion of                Agency Protests
                                                  to electronically sign an organization’s
                                                                                                          the tax return process. In addition to
                                                  electronic income tax return and, if
                                                                                                          English and Spanish, the form has been                AGENCY: Departmental Offices, U.S.
                                                  applicable, Electronic Funds
                                                                                                          translated and is made available in 9                 Department of the Treasury.
                                                  Withdrawal Consent.
                                                                                                          additional languages: Arabic, Chinese                 ACTION: Notice.
                                                    Affected Public: Not-for-profit
                                                                                                          Traditional and Simplified, Creole
                                                  Institutions.
                                                                                                          (French), Korean, Polish, Portuguese,                 SUMMARY:   The Department of the
                                                    Estimated Total Annual Burden
                                                                                                          Tagalog, and Vietnamese.                              Treasury will submit the following
                                                  Hours: 425,714.
                                                                                                             Affected Public: Individuals.                      information collection request to the
                                                    Title: Exempt Organization                               Estimated Total Annual Burden                      Office of Management and Budget
                                                  Declaration and Signature for Electronic                Hours: 555,000.                                       (OMB) for review and clearance in
                                                  Filing.                                                                                                       accordance with the Paperwork
                                                    OMB Control Number: 1545–1879.                           Title: IRS Form 990–N Electronic
                                                                                                          Filing System (e-Postcard).                           Reduction Act of 1995, on or after the
                                                    Type of Review: Extension without                                                                           date of publication of this notice. The
                                                  change of a currently approved                             OMB Control Number: 1545–2085.
                                                                                                             Type of Review: Extension with                     public is invited to submit comments on
                                                  collection.                                                                                                   the collection listed below.
                                                    Form: 8453–EO.                                        change of a currently approved
                                                    Abstract: Form 8453–EO is used to                     collection.                                           DATES: Comments should be received on
                                                  authenticate an electronic Forms 990,                      Form: 990–N.                                       or before March 29, 2017 to be assured
                                                  990–EZ, 990–PF, 1120–POL or 8868                           Abstract: Section 1223 of the Pension              of consideration.
                                                  authorize the electronic return                         Protection Act of 2006 (PPA 06),                      ADDRESSES: Send comments regarding
                                                  originator, and/or intermediate service                 enacted on August 17, 2006, amended                   the burden estimate, or any other aspect
                                                  provider, if any, to transmit via a third-              Internal Revenue Code (Code) section                  of the information collection, including
                                                  party transmitter; and provide the                      6033 by adding Code section 6033(i),                  suggestions for reducing the burden, to
                                                  organization’s consent to directly                      which requires certain tax-exempt                     (1) Office of Information and Regulatory
                                                  deposit any refund and/or authorize an                  organizations to file an annual                       Affairs, Office of Management and
                                                  electronic funds withdrawal for                         electronic notice (Form 990–N) for tax                Budget, Attention: Desk Officer for
                                                  payment of Federal taxes owed.                          years beginning after December 31,                    Treasury, New Executive Office
                                                    Affected Public: Not-for-profit                       2006. These organizations are not                     Building, Room 10235, Washington, DC
                                                  Institutions.                                           required to file Form 990 (or Form 990–               20503, or email at
                                                    Estimated Total Annual Burden                         EZ) because their gross receipts are                  OIRA_Submission@OMB.EOP.gov and
                                                  Hours: 1,046.                                           normally $25,000 or less.                             (2) Treasury PRA Clearance Officer,
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                                                    Title: Election to Treat a Qualified                     Affected Public: Not-for-profit                    1750 Pennsylvania Ave. NW., Suite
                                                  Revocable Trust as Part of an Estate.                   Institutions.                                         8142, Washington, DC 20220, or email
                                                    OMB Control Number: 1545–1881.                           Estimated Total Annual Burden                      at PRA@treasury.gov.
                                                    Type of Review: Extension without                     Hours: 75,000.                                        FOR FURTHER INFORMATION CONTACT:
                                                  change of a currently approved                             Title: Waiver of 60-Day Rollover                   Copies of the submissions may be
                                                  collection.                                             Requirement.                                          obtained by emailing PRA@treasury.gov,
                                                    Form: 8855.                                              OMB Control Number: 1545–2269.                     calling (202) 622–0934, or viewing the


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Document Created: 2017-02-25 01:05:56
Document Modified: 2017-02-25 01:05:56
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
DatesComments should be received on or before March 29, 2017 to be assured of consideration.
ContactCopies of the submissions may be obtained by emailing [email protected], calling (202) 622-0489, or viewing the entire information collection request at www.reginfo.gov.
FR Citation82 FR 12026 

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