82 FR 15419 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests

DEPARTMENT OF THE TREASURY

Federal Register Volume 82, Issue 58 (March 28, 2017)

The Department of the Treasury will submit the following information collection request(s) 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 collection(s) listed below.

[Federal Register Volume 82, Number 58 (Tuesday, March 28, 2017)]
[Notices]
[Page 15419]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-06127]


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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.

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SUMMARY: The Department of the Treasury will submit the following 
information collection request(s) 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 collection(s) 
listed below.

DATES: Comments should be received on or before April 27, 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: United States Estate (and Generation-Skipping Transfer) Tax 
Return.
    OMB Control Number: 1545-0015.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 706 is used by executors to report and compute the 
Federal Estate Tax imposed by IRC section 2001 and the Federal 
Generation Skipping Tax imposed by IRC section 2601. IRS uses the 
information to enforce these taxes and to verify that the tax has been 
properly computed.
    Form: 706, 706 continuation schedule, Schedule A, Sch. A-1, Sch B, 
Sch C, Sch D, Sch E, Sch F, Sch G, Sch H, Sch I, Sch J, Sch K, Sch L, 
Sch M, Sch O, Sch P, Sch Q, Sch R, Sch R-1, Sch U, Sch PC.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 2,048,710.

    Title: Form 926--Return by a U.S. Transferor of Property to a 
Foreign Corporation.
    OMB Control Number: 1545-0026.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 926 is filed by any U.S. person who transfers 
certain tangible or intangible property to a foreign corporation to 
report information required by section 6038B.
    Form: 926.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 30,195.

    Title: Application For Certificate Discharging Property Subject To 
Estate Tax Lien.
    OMB Control Number: 1545-0328.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 4422 is completed by either an executor, 
administrator, or other interested party for requesting release of any/
all property of an estate from the Estate Tax Lien. It is used when 
property is being sold (for example a residence) and the title company 
needs a release of the estate tax lien to issue a title policy and 
close the sale of the property. The information is used to make a 
determination of the Government's lien interest in property.
    Form: 4422.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,500.

    Title: Revised Regulations Concerning Section 403(b) Tax-Sheltered 
Annuity Contracts--TD 9340 (Final).
    OMB Control Number: 1545-2068.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The collection of information in the regulations is in 
final regulations under section 403(b) of the Internal Revenue Code and 
under related provisions of sections 402(b), 402(g), 402A, and 414(c). 
The regulations provide updated guidance on section 403(b) contracts of 
public schools and tax-exempt organizations described in section 
501(c)(3). Such information exchange is necessary to ensure compliance 
with tax law requirements relating to loans and hardship distributions 
from section 403(b) plans and sponsors of section 403(b) contracts, 
administrators, participants, and beneficiaries.
    Form: None.
    Affected Public: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 45,000.

    Title: Temporary Shelter for Individuals Displaced by Severe Storms 
and Tornadoes in Oklahoma.
    OMB Control Number: 1545-2244.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The Internal Revenue Service is suspending certain 
requirements under Sec.  42 of the Internal Revenue Code for low-income 
housing credit projects to provide emergency housing relief needed as a 
result of the devastation caused by severe storms and tornadoes in the 
State of Oklahoma beginning May 18, 2013. This relief is being granted 
pursuant to the Service's authority under Sec.  42(n) and Sec.  1.42-
13(a) of the Income Tax Regulations.
    Form: None.
    Affected Public: Businesses or other-for-profits.
    Estimated Total Annual Burden Hours: 325.

    Title: Form 8453-R--Declaration and Signature for Electronic Filing 
of Forms 8947 and 8963.
    OMB Control Number: 1545-2253.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Use Form 8453-R to authenticate the electronic filing of 
Form 8947, Report of Branded Prescription Drug Information, and Form 
8963, Report of Health Insurance Provider Information.
    Form: 8453-R.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 4,131.


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

    Dated: March 23, 2017.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2017-06127 Filed 3-27-17; 8:45 am]
 BILLING CODE 4830-01-P