82 FR 29999 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests

DEPARTMENT OF THE TREASURY

Federal Register Volume 82, Issue 125 (June 30, 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 125 (Friday, June 30, 2017)]
[Notices]
[Pages 29999-30003]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-13593]


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

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 July 31, 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

[[Page 30000]]

Ave. NW., Suite 8142, Washington, DC 20220, or email at 
[email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Jennifer Leonard 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: Employer's Annual Tax Return for Agricultural Employees.
    OMB Control Number: 1545-0035.
    Type of Review: Revision of a currently approved collection.
    Abstract: Sections 3101(a) and (b), and 3111(a) and (b), 3402(p), 
and 6011(a) and (b) of the Internal Revenue Code and sections 
31.6011(a)-1 and 31.6011(a)-4 of the Employment Tax Regulations require 
agricultural employers to report (a) the employees' and employers' FICA 
taxes on wages and (b) the amounts withheld for income tax. Form 943 is 
used for this purpose. Sections 3101(a) and (b), 3111(a) and (b), and 
6011(a) and (b) of the Internal Revenue Code and section 31.6011(a)-1 
of the Employment Tax Regulations require agricultural employers in 
Puerto Rico to report the employees' and employers' FICA taxes on 
wages. Form 943-PR is used for this purpose. Section 6302(c) of the 
Internal Revenue Code and section 31.6302-l(g) of the Employment Tax 
Regulations require agricultural employers who are semiweekly 
depositors to deposit the taxes accumulated during the semiweekly 
period within 3 banking days of the end of the period. Section 31.6302-
l(c)(3) of the Employment Tax Regulations requires that agricultural 
employers, who on any day within a deposit period accumulate $100,000 
or more of employment taxes, must deposit them by the close of the next 
banking day. Forms 943-A and 943A-PR are optional forms that may be 
used by agricultural employers to show their tax liabilities for the 
semiweekly periods and $100,000 one-day rule. Form 943-X is used to 
correct errors made on Form 943, Employer's Annual Federal Tax Return 
for Agricultural Employees, for one year only. Form 943-X-PR, for use 
in Puerto Rico, is used to correct errors made on Form 943, Employer's 
Annual Federal Tax Return for Agricultural Employees, for one year 
only. (Use este formulario para corregir errores hechos en el 
Formulario 943-PR, Planilla para la Declaraci[oacute]n Anual de la 
Contribuci[oacute]n Federal del Patrono de Empleados Agr[iacute]colas, 
para un solo a[ntilde]o.) Form 943 Sch R allows (1) an agent appointed 
by an employer or payer or (2) a customer who enters into a contract 
that meets the requirements under 7705(e)(2) or (3) a client who enters 
into a service agreement described under Regulations section 31.3504-
2(b)(2) with a Certified Professional Employer Organization, to 
allocate information reported on Form 943 to each client.
    Form: 943,943-PR, 943-A, 943A-PR, 943-X, 943X-PR, 943-R.
    Affected Public: Businesses or other for-profits, Farms.
    Estimated Total Annual Burden Hours: 10,883,138.

    Title: Form 1023--Application for Recognition of Exemption Under 
Section 501(c)(3) of the Internal Revenue Code and Form 1023-EZ, 
Streamlined.
    OMB Control Number: 1545-0056.
    Type of Review: Revision of a currently approved collection.
    Abstract: Form 1023 is filed by applicants seeking Federal income 
tax exemption as organization described in section 501(c)(3). IRS uses 
the information to determine if the applicant is exempt and whether the 
applicant is a private foundation. Form 1023-EZ is a simplified version 
of Form 1023, to be filed by organizations who meet certain criteria.
    Form: 1023, 1023-EZ.
    Affected Public: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 4,714,236.

    Title: Foreign Tax Credit (Individual, Estate, or Trust).
    OMB Control Number: 1545-0121.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 1116 is used by individuals (including nonresident 
aliens) estates or trusts that paid foreign income taxes on U.S. 
taxable income to compute the foreign tax credit. This information is 
used by the IRS to verify the foreign tax credit.
    Form: 116.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 25,066,693.

    Title: Application for Approval of Prototype Simplified Employee 
Pension (SEP) or Savings Incentive Match Plan for Employees of Small 
Employers (SIMPLE IRA Plan).
    OMB Control Number: 1545-0199.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This form is used by banks, credit unions, insurance 
companies, and trade or professional associations to apply for approval 
of a Simplified Employee Pension Plan or Savings Incentive Match Plan 
to be used by more than one employer. The data collected is used to 
determine if the prototype plan submitted is an approved plan.
    Form: 5306A.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 407.

    Title: Safe-harbor lease information returns.
    OMB Control Number: 1545-0923.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: These regulations provide guidance to persons executing 
lease agreements involving tax-exempt entities under section 168(h) of 
the Internal Revenue Code. The regulations are necessary to implement 
congressionally enacted legislation and elections for certain 
previously tax-exempt organizations and certain tax-exempt controlled 
entities.
    Form: None.
    Affected Public: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 3,000.

    Title: Estimated Income Tax for Estates and Trusts.
    OMB Control Number: 1545-0971.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Internal Revenue Code section 6654(1) imposes a penalty 
on trusts, and in certain circumstances, a decedent's estate, for 
underpayment of estimated tax. Form 1041-ES is used by the fiduciary to 
make the estimated tax payments. For first-time filers, the form is 
available in an Over The Counter (OTC) version at IRS offices. For 
previous filers, the form is sent to them by the IRS with preprinted 
vouchers in the Optical Character Resolution (OCR) version.
    Form: 1041-ES.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 3,161,236.

    Title: Form 1099-S--Proceeds From Real Estate Transactions.
    OMB Control Number: 1545-0997.
    Type of Review: Revision of a currently approved collection.
    Abstract: Form 1099-S is used by the real estate reporting person 
to report proceeds from a real estate transaction to the IRS.
    Form: 1099-S.

[[Page 30001]]

    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 411,744.

    Title: Form 8655-Reporting Agent Authorization; Revenue Procedure 
2012-32.
    OMB Control Number: 1545-1058.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 8655: Allows a taxpayer to designate a reporting 
agent to file certain employment tax returns electronically, and to 
submit Federal tax deposits. This form allows IRS to disclose tax 
account information and to provide duplicate copies of taxpayer 
correspondence to authorized agents. Reporting agents are persons or 
organizations preparing and filing electronically the federal tax 
returns and/or submitting federal tax deposits. Revenue Procedure 2012-
32. This revenue procedure provides the requirements for completing and 
submitting Form 8655, Reporting Agent Authorization (Authorization). An 
Authorization allows a taxpayer to designate a Reporting Agent to 
perform the following acts on behalf of a taxpayer.
    Form: 8655.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 819,050.

    Title: Enhanced Oil Recovery Credit.
    OMB Control Number: 1545-1292.
    Type of Review: Revision of a currently approved collection.
    Abstract: This regulation provides guidance concerning the costs 
subject to the enhanced oil recovery credit, the circumstances under 
which the credit is available, and procedures for certifying to the 
Internal Revenue Service that a project meets the requirements of 
section 43(c) of the Internal Revenue Code.
    Form: 8830.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 12,527.

    Title: CO-88-90 (TD 8530) Limitation on Net Operating Loss 
Carryforwards and Certain Built-in Losses Following Ownership Change; 
Special Rule for Value of a Loss Corporation Under the Jurisdiction.
    OMB Control Number: 1545-1324.
    Type of Review: Revision of a currently approved collection.
    Abstract: This information serves as evidence of an election to 
apply section 382(1)(6) in lieu of section 382(1)(5) and an election to 
apply the provisions of the regulations. It is required by the Internal 
Revenue Service to assure that the proper amount of carryover 
attributes are used by a loss corporation following specified types of 
ownership changes.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 63.

    Title: TD 8566 (Final)--General Asset Accounts Under the 
Accelerated Cost Recovery System.
    OMB Control Number: 1545-1331.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The regulations describe the time and manner of making 
the election described in IRC Section 168(i)(4). Basic information 
regarding this election is necessary to monitor compliance with the 
rules in the IRC Section 168.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 250.

    Title: Cognitive and Psychological Research.
    OMB Control Number: 1545-1349.
    Type of Review: Revision of a currently approved collection.
    Abstract: The proposed research will improve the quality of the 
data collection by examining the psychological and cognitive aspects of 
methods and procedures such as: interviewing processes, forms redesign, 
survey and tax collection technology and operating procedures (internal 
and external in nature).
    Form: None.
    Affected Public: Individuals and Businesses, other for-profit 
organizations.
    Estimated Total Annual Burden Hours: 18,000.

    Title: Form 8866-Interest Computation Under the Look-Back Method 
for Property Depreciated Under the Income Forecast Method.
    OMB Control Number: 1545-1622.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The Small Business Job Protection Act of 1996 requires 
taxpayers whom claim depreciation deductions on property placed in 
service after September 13, 1995, under the income forecast method to 
pay (allow taxpayers to receive) interest based on the recalculation of 
depreciation. Form 8866 must be used in order to compute and report 
interest due or to be refunded under IRC 167 (g)(2). The IRS uses Form 
8866 to determine if the interest has been figured correctly.
    Form: 8866.
    Affected Public: Individuals or households.
    Estimated Total Annual Burden Hours: 45,738.

    Title: Extraterritorial Income Exclusion Elections.
    OMB Control Number: 1545-1731.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: A taxpayer that wants to revoke its election to be 
treated as a domestic corporation for all purposes of the Internal 
Revenue Code (Code) must file a revocation statement with the Internal 
Revenue Service (IRS). This revenue procedure provides guidance for 
implementing the elections (and revocation of such elections) 
established under the ``FSC Repeal and Extraterritorial Income 
Exclusion Act of 2000.''
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 19.

    Title: Summary of Archer MSAs.
    OMB Control Number: 1545-1743.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This form is used by the IRS to determine whether 
numerical limits set forth in section 220(j)(1) have been exceeded.
    Form: 8851.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,540,000.

    Title: Revenue Procedure 2004-29--Statistical Sampling in Sec. 274 
Context.
    OMB Control Number: 1545-1847.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: For taxpayers desiring to establish for purposes of Sec. 
274(n) (2), (A), (C), (D), or (E) that a portion of the total amount of 
substantiated expenses incurred for meals and entertainment is excepted 
from the 50% limitation of Sec. 274(n), the revenue procedure requires 
that taxpayers maintain adequate documentation to support the 
statistical application, sample unit findings, and all aspects of the 
sample plan.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 3,200.


[[Page 30002]]


    Title: Revenue Procedure 2010-52, Extension of the Amortization 
Period for Plan Sponsor of a Multiemployer Pension Plan.
    OMB Control Number: 1545-1890.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This revenue procedure describes the process for 
obtaining an extension of the amortization period for the minimum 
funding standards set forth in section 412(e) of the Code.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,500.

    Title: Form 13560, Health Plan Administrator (HPA) Return of Funds.
    OMB Control Number: 1545-1891.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 13560 is completed by Health Plan Administrators 
(HPAs) and accompanies a return of funds in order to ensure proper 
handling. This form serves as supporting documentation for any funds 
returned by an HPA and clarifies where the payment should be applied 
and why it is being sent.
    Form: 13560.
    Affected Public: State, Local, and Tribal Government.
    Estimated Total Annual Burden Hours: 50.

    Title: Rollover of Gain from Qualified Small Business Stock to 
Another Qualified Small Business Stock.
    OMB Control Number: 1545-1893.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: These regulations relating to the application of section 
1045 of the Internal Revenue Code (Code) to partnerships and their 
partners and provide rules regarding the deferral of gain on a 
partnership's sale of qualified small business stock (QSB stock) and a 
partner's sale of QSB stock distributed by a partnership. These 
regulations also provide rules for a taxpayer (other than a C 
corporation) who sells QSB stock and purchases replacement QSB stock 
through a partnership.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,500.

    Title: (TD 9212) Final, Source of Compensation for Labor or 
Personal Services.
    OMB Control Number: 1545-1900.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The regulation describes the appropriate bases for 
determining the source of income from labor or personal services 
performed partly within and partly without the United States. The 
information required in Sec. 1.861-4(b)(2)(ii)(D) and (D)(6) will 
enable an employee to source certain fringe benefits on a geographical 
basis. The collections of information will allow the IRS to verify 
these determinations.
    Form: None.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 10,000.

    Title: TD 9210--LIFO Recapture Under Section 1363(d).
    OMB Control Number: 1545-1906.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This collection of information is required to inform the 
IRS of partnerships electing to increase the basis of inventory to 
reflect any amount included in a partner's income under section 
1363(d). Section 1.1363-2(e)(ii) allows a partnership to elect to 
adjust the basis of its inventory to take account of LIFO recapture. 
Section 1.1363-2(e)(3) provides guidance on how to make this election.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 200.

    Title: Form 14134, Application for Certificate of Subordination of 
Federal Tax Lien.
    OMB Control Number: 1545-2174.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The collection of information is required by 26 CFR 
301.6325-1(b)(5) for consideration of the United States discharging 
property from the federal tax lien and is required by 26 CFR 301.6325-
1(d)(4) for consideration that the United States subordinate its 
interest in property. These forms will provide guidance to ensure 
proper documentation is submitted to the Agency.
    Form: 14134, 14135.
    Affected Public: Businesses or other for-profits, Farms, Not-for-
profit institutions.
    Estimated Total Annual Burden Hours: 22,665.

    Title: Affordable Care Act Notice Relating to Rescissions.
    OMB Control Number: 1545-2180.
    Type of Review: Revision of a currently approved collection.
    Abstract: This document contains interim final regulations 
implementing the rules for group health plans and health insurance 
coverage in the group and individual markets under provisions of the 
Affordable Care Act regarding preexisting condition exclusions, 
lifetime and annual dollar limits on benefits, rescissions, prohibition 
on discrimination in favor of highly compensated individuals, and 
patient protections.
    Form: None.
    Affected Public: Businesses or other for-profits, Not-for-profit 
institutions.
    Estimated Total Annual Burden Hours: 20.

    Title: REG-118315-12 (FINAL), Health Insurance Providers Fee and 
Form 8963, Report of Health Insurance Provider Information.
    OMB Control Number: 1545-2249.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The Affordable Care Act imposes an annual fee on health 
insurance providers that provide health insurance for United States 
health risks (a covered entity). IRS final regulations, which 
implements the Affordable Care Act, describe how the IRS will 
administer the health insurance providers fee. This information 
collection covered under this request are the recordkeeping 
requirements prescribed in Sec.  57.2(e)(2) that each member of a 
controlled group are to maintain records of consent to the controlled 
group's selection of the designated entity. Reporting requirements 
under Sec.  57.3 will be reported through Form 8963, ``Report of Health 
Insurance Provider Information''. File Form 8963, Report of Health 
Insurance Provider Information, to report net premiums written for 
health insurance of United States health risks. The information 
reported will be used by the IRS to calculate the annual fee on health 
insurance providers.
    Form: 8963.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 18,208.

    Title: Notice 2017-9--De Minimis Error Safe Harbor to the I.R.C. 
Sec. Sec.  6721 and 6722 Penalties.
    OMB Control Number: 1545-2270.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Under 6722(c)(3)(B) payees may elect that an exception to 
penalties not apply so that penalties may apply if payors don't provide 
corrected returns and statements. The collection of information will be 
this election, a retraction of the election, or specified

[[Page 30003]]

retention of records of elections or retractions. The collection is 
necessary for the effective operation of the exception and election 
framework. Respondents are payees or payors.
    Form: None.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 760,569.

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

    Dated: June 23, 2017.
Jennifer P. Leonard,
Treasury PRA Clearance Officer.
[FR Doc. 2017-13593 Filed 6-29-17; 8:45 am]
 BILLING CODE 4830-01-P