82 FR 23488 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests

DEPARTMENT OF THE TREASURY

Federal Register Volume 82, Issue 97 (May 22, 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 97 (Monday, May 22, 2017)]
[Notices]
[Pages 23488-23489]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-10359]


=======================================================================
-----------------------------------------------------------------------

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 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 June 21, 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: Form 2032--Contract Coverage Under Title II of the Social 
Security Act.
    OMB Control Number: 1545-0137.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: U.S. citizens and resident aliens employed abroad by 
foreign affiliates of American employers are exempt from social 
security taxes. Under Internal Revenue Code section 3121(1), American 
employers may file an agreement on Form 2032 to waive this exemption 
and obtain social security coverage for U.S. citizens and resident 
aliens employed abroad by their foreign affiliates. The American 
employers can later file Form 2032 to cover additional foreign 
affiliates as an amendment to their original agreement.
    Form: 2032.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 158.

    Title: Form 4562--Depreciation and Amortization (Including 
Information on Listed Property).
    OMB Control Number: 1545-0172.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Taxpayers use Form 4562 to: claim a deduction for 
depreciation and/or amortization; make a section 179

[[Page 23489]]

election to expense depreciable assets; and answer questions regarding 
the use of automobiles and other listed property to substantiate the 
business use under section 274(d).
    Form: 4562.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 488,368,447.

    Title: Application for Reward for Original Information.
    OMB Control Number: 1545-0409.
    Type of Review: Form 211 is the official application form used by 
persons requesting rewards for submitting information concerning 
alleged violations of the tax laws by other persons. Such rewards are 
authorized by Internal Revenue Code Section 7623. The data is used to 
determine and pay rewards to those persons who voluntarily submit 
information.
    Form: 211.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 15,000.

    Title: 26 CFR 31.6001-1 Records in general; 26 CFR 31.6001-2 
Additional Records under FICA; 26 CFR 31.6001-3, Additional records 
under Railroad Retirement Tax Act; 26 CFR 31.6001-5 Additional records.
    OMB Control Number: 1545-0798.
    Type of Review: IRC section 6001 requires, in part, that every 
person liable for tax, or for the collection of that tax keep such 
records and comply with such rules and regulations as the Secretary may 
from time to time prescribe. 26 CFR 31.6001 has special application to 
employment taxes. These records are needed to ensure compliance with 
the Code.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 30,275,950.

    Title: TD 8556 (Final)--Computation and Characterization of Income 
and Earnings and Profits Under the Dollar Approximate Separate 
Transactions Method of Accounting (DASTM).
    OMB Control Number: 1545-1051.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: For taxable years after the final regulations are 
effective, taxpayers operating in hyperinflationary currencies must use 
the U.S. dollar as their functional currency and compute income using 
the dollar approximate separate transactions method (DASTM). Small 
taxpayers may elect an alternate method by which to compute income or 
loss. For prior taxable years in which income was computed using the 
profit and loss method, taxpayers may elect to recompute their income 
using DASTM.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,000.

    Title: Application for Extension of Time to File Information 
Returns.
    OMB Control Number: 1545-1081.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 8809 is used to request an extension of time to file 
Forms W-2, W-2G, 1042-S, 1094-C, 1095, 1097, 1098, 1099, 3921, 3922, 
5498, and 8027. The IRS reviews the information contained on the form 
to determine whether an extension should be granted.
    Form: 8809.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 237,000.

    Title: PS-19-92 (TD 9420-Final) Carryover Allocations and Other 
Rules Relating to the Low-Income Housing Credit.
    OMB Control Number: 1545-1102.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This document contains final regulations that amend the 
utility allowances regulations concerning the low-income housing tax 
credit. The final regulations update the utility allowance regulations 
to provide new options for estimating tenant utility costs. The final 
regulations affect owners of low-income housing projects who claim the 
credit, the tenants in those low-income housing projects, and the State 
and local housing credit agencies that administer the credit.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 4,008.

    Title: Capitalization of Interest.
    OMB Control Number: 1545-1265.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The regulations require taxpayers to maintain 
contemporaneous written records of estimates, to file a ruling request 
to segregate activities in applying the interest capitalization rules, 
and to request the consent of the Commissioner to change their methods 
of accounting for the capitalization of interest.
    Form: None.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 116,767.

    Title: Collection of Qualitative Feedback on Agency Service 
Delivery.
    OMB Control Number: 1545-2256.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This collection of information is necessary to enable the 
Agency to garner customer and stakeholder feedback in an efficient, 
timely manner, in accordance with our commitment to improving service 
delivery. The information collected from our customers and stakeholders 
will help ensure that users have an effective, efficient, and 
satisfying experience with the Agency's programs.
    Form: None.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 266,680.


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

    Dated: May 17, 2017.
Jennifer P. Leonard,
Treasury PRA Clearance Officer.
[FR Doc. 2017-10359 Filed 5-19-17; 8:45 am]
BILLING CODE 4830-01-P