82 FR 32053 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service Information Collection Requests
DEPARTMENT OF THE TREASURY Federal Register Volume 82, Issue 131 (July 11, 2017)
Federal Register Volume 82, Issue 131 (July 11, 2017)
| Page Range | 32053-32054 | |
| FR Document | 2017-14448 |
[Federal Register Volume 82, Number 131 (Tuesday, July 11, 2017)] [Notices] [Pages 32053-32054] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-14448] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service 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 these requests. DATES: Comments should be received on or before August 10, 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 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: Quarterly Federal Excise Tax Return. OMB Control Number: 1545-0023. Type of Review: Revision of a currently approved collection. Abstract: The information supplied on Form 720 is used by the IRS to determine the correct tax liability. Additionally, the data is reported by the IRS to Treasury so that funds may be transferred from the general revenue funds to the appropriate trust funds. Form: IRS Form 720. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 4,474,785. Title: Representation of Taxpayers before the Internal Revenue Service. OMB Control Number: 1545-0150. Type of Review: Extension without change of a currently approved collection. Abstract: Form 2848 is used to authorize someone to act for the respondent in tax matters. It grants all powers that the taxpayer has except signing a return and cashing refund checks. Data is used to identify representatives and to ensure that confidential information is not divulged to unauthorized persons. Form: IRS Form 2848. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 1,092,883. Title: Application for Determination for Employee Benefit Plan. OMB Control Number: 1545-0197. Type of Review: Extension without change of a currently approved collection. Abstract: IRS needs certain information on the financing and operating of employee benefit and employee contribution plans set up by employers. IRS uses Form 5300 to obtain the information needed to determine whether the plans qualify under Code sections 401(a) and 501(a). Form: IRS Form 5300. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 7,201,200. Title: Application for Determination for Adopters of Modified Volume Submitter Plans. OMB Control Number: 1545-0200. Type of Review: Extension without change of a currently approved collection. Abstract: This form is filed by employers or plan administrators who have adopted a prototype plan approved by the IRS National Office or a regional prototype plan approved by the IRS District Director to obtain a ruling that the plan adopted is qualified under IRC sections 401(a) and 501(a). It may not be used to request a letter for a multiple employer plan. Form: IRS Form 5307. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 5,139,000. Title: Statements to Recipients of Dividend Payments. OMB Control Number: 1545-0747. [[Page 32054]] Type of Review: Extension without change of a currently approved collection. Abstract: Form 5498 is used by trustees and issuers to report contributions to, and the fair market value of, an individual retirement arrangement. The information on the form will be used by IRS to verify compliance with reporting rules under regulation section 1.408-5 and to verify that the participant of the IRA has made the contribution for which he or she is taking the deduction. Form: IRS Form 5498. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 48,731,780. Title: General Business Credit. OMB Control Number: 1545-0895. Type of Review: Extension without change of a currently approved collection. Abstract: Internal Revenue Code section 38 permits taxpayers to reduce their income tax liability by the amount of their general business credit, which is an aggregation of their investment credit, jobs credit, alcohol fuel credit, research credit, low-income housing credit, disabled access credit, enhanced oil recovery credit, etc. Form 3800 is used to figure the correct credit. Form: IRS Form 3800. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 8,345,000. Title: Treatment of Dual Consolidated Losses. OMB Control Number: 1545-1083. Type of Review: Extension without change of a currently approved collection. Abstract: Section 1503(d) denies use of the losses of one domestic corporation by another affiliated domestic corporation where the loss corporation is also subject to the income tax of another country. The regulation allows an affiliate to make use of the loss if the loss has not been used in the foreign group, to take the loss into income upon future use of the loss in the foreign country. The regulation also requires separate accounting for a dual consolidated loss where the dual resident corporation files a consolidated return. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 1,620. Title: Valuation Tables. OMB Control Number: 1545-1343. Type of Review: Extension without change of a currently approved collection. Abstract: The regulations require individuals or fiduciaries to report information on Forms 706 and 709 in connection with the valuation of an annuity, an interest for life or a term of years, or a remainder or reversionary interest. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 4,500. Authority: 44 U.S.C. 3501 et seq. Dated: July 5, 2017. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2017-14448 Filed 7-10-17; 8:45 am] BILLING CODE 4830-01-P
![Federal Register / Vol. 82, No. 131 / Tuesday, July 11, 2017 / Notices 32053
Application No. Docket No. Applicant Regulation(s) affected Nature of the special permits thereof
20458–N ............ ........................... KAVOK EIR, TOV .......... 172.204(c)(3), To authorize the transportation in commerce of
175.30(a)(1), certain explosives which are forbidden for trans-
173.27(b)(2), port by cargo only aircraft.
173.27(b)(3).
20460–N ............ ........................... KALITTA AIR, L.L.C ....... 172.101(j)(1), To authorize the transportation of explosives for-
175.30(a)(1), bidden aboard aircraft to be transported aboard
173.27(b)(2), cargo-only aircraft.
173.27(b)(3).
20465–N ............ ........................... TOYOTA MOTOR 172.446(b) ...................... To authorize the use of Class 9 labels whose
SALES USA INC. vertical stripes are not equal in size.
20467–N ............ ........................... CHEMTRONICS INC ..... 171.8, 171.23(b), To authorize the transportation in commerce of
173.304a(a). certain DOT Specification 2Q containers con-
taining hazardous materials identified in para-
graph 6 as ORM–D materials.
20468–N ............ ........................... KALITTA AIR, L.L.C ....... 172.204(c)(3), To authorize the transportation in commerce of
175.30(a)(1), anhydrous ammonia by cargo aircraft, which is
173.27(b)(2), forbidden in the regulations.
173.27(b)(3).
20472–N ............ ........................... UKRAINE AIR ALLI- 175.30(a)(1), To authorize the transportation in commerce of ex-
ANCE. 173.27(b)(2), plosives by cargo aircraft which is forbidden by
173.27(b)(3),. the regulations.
[FR Doc. 2017–14466 Filed 7–10–17; 8:45 am] obtained from Jennifer Leonard by Title: Application for Determination
BILLING CODE 4909–60–P emailing PRA@treasury.gov, calling for Employee Benefit Plan.
(202) 622–0489, or viewing the entire OMB Control Number: 1545–0197.
information collection request at Type of Review: Extension without
DEPARTMENT OF THE TREASURY www.reginfo.gov. change of a currently approved
SUPPLEMENTARY INFORMATION: collection.
Agency Information Collection Abstract: IRS needs certain
Activities; Submission for OMB Internal Revenue Service (IRS) information on the financing and
Review; Comment Request; Multiple Title: Quarterly Federal Excise Tax operating of employee benefit and
Internal Revenue Service Information Return. employee contribution plans set up by
Collection Requests OMB Control Number: 1545–0023. employers. IRS uses Form 5300 to
AGENCY: Departmental Offices, U.S. Type of Review: Revision of a obtain the information needed to
Department of the Treasury. currently approved collection. determine whether the plans qualify
Abstract: The information supplied under Code sections 401(a) and 501(a).
ACTION: Notice. on Form 720 is used by the IRS to Form: IRS Form 5300.
SUMMARY: The Department of the determine the correct tax liability. Affected Public: Businesses or other
Treasury will submit the following Additionally, the data is reported by the for-profits.
information collection requests to the IRS to Treasury so that funds may be Estimated Total Annual Burden
Office of Management and Budget transferred from the general revenue Hours: 7,201,200.
(OMB) for review and clearance in funds to the appropriate trust funds. Title: Application for Determination
accordance with the Paperwork Form: IRS Form 720. for Adopters of Modified Volume
Reduction Act of 1995, on or after the Affected Public: Businesses or other
Submitter Plans.
date of publication of this notice. The for-profits.
OMB Control Number: 1545–0200.
public is invited to submit comments on Estimated Total Annual Burden
Hours: 4,474,785. Type of Review: Extension without
these requests. change of a currently approved
Title: Representation of Taxpayers collection.
DATES: Comments should be received on
before the Internal Revenue Service.
or before August 10, 2017 to be assured Abstract: This form is filed by
OMB Control Number: 1545–0150.
of consideration. employers or plan administrators who
Type of Review: Extension without
ADDRESSES: Send comments regarding have adopted a prototype plan approved
change of a currently approved
the burden estimate, or any other aspect by the IRS National Office or a regional
collection.
of the information collection, including Abstract: Form 2848 is used to prototype plan approved by the IRS
suggestions for reducing the burden, to authorize someone to act for the District Director to obtain a ruling that
(1) Office of Information and Regulatory respondent in tax matters. It grants all the plan adopted is qualified under IRC
Affairs, Office of Management and powers that the taxpayer has except sections 401(a) and 501(a). It may not be
Budget, Attention: Desk Officer for signing a return and cashing refund used to request a letter for a multiple
Treasury, New Executive Office checks. Data is used to identify employer plan.
Building, Room 10235, Washington, DC representatives and to ensure that Form: IRS Form 5307.
mstockstill on DSK30JT082PROD with NOTICES
20503, or email at OIRA_Submission@ confidential information is not divulged Affected Public: Businesses or other
OMB.EOP.gov and (2) Treasury PRA to unauthorized persons. for-profits.
Clearance Officer, 1750 Pennsylvania Form: IRS Form 2848. Estimated Total Annual Burden
Ave. NW., Suite 8142, Washington, DC Affected Public: Businesses or other Hours: 5,139,000.
20220, or email at PRA@treasury.gov. for-profits. Title: Statements to Recipients of
FOR FURTHER INFORMATION CONTACT: Estimated Total Annual Burden Dividend Payments.
Copies of the submissions may be Hours: 1,092,883. OMB Control Number: 1545–0747.
VerDate Sep<11>2014 18:01 Jul 10, 2017 Jkt 241001 PO 00000 Frm 00121 Fmt 4703 Sfmt 4703 E:\FR\FM\11JYN1.SGM 11JYN1](https://thefederalregister.org/doc/82_FR_32184/page/1.svg)
![32054 Federal Register / Vol. 82, No. 131 / Tuesday, July 11, 2017 / Notices
Type of Review: Extension without research credit, low-income housing Form: None.
change of a currently approved credit, disabled access credit, enhanced Affected Public: Businesses or other
collection. oil recovery credit, etc. Form 3800 is for-profits.
Abstract: Form 5498 is used by used to figure the correct credit. Estimated Total Annual Burden
trustees and issuers to report Form: IRS Form 3800. Hours: 1,620.
contributions to, and the fair market Affected Public: Businesses or other
Title: Valuation Tables.
value of, an individual retirement for-profits.
arrangement. The information on the Estimated Total Annual Burden OMB Control Number: 1545–1343.
form will be used by IRS to verify Hours: 8,345,000. Type of Review: Extension without
compliance with reporting rules under Title: Treatment of Dual Consolidated change of a currently approved
regulation section 1.408–5 and to verify Losses. collection.
that the participant of the IRA has made OMB Control Number: 1545–1083. Abstract: The regulations require
the contribution for which he or she is Type of Review: Extension without individuals or fiduciaries to report
taking the deduction. change of a currently approved information on Forms 706 and 709 in
Form: IRS Form 5498. collection. connection with the valuation of an
Affected Public: Businesses or other Abstract: Section 1503(d) denies use annuity, an interest for life or a term of
for-profits. of the losses of one domestic years, or a remainder or reversionary
Estimated Total Annual Burden corporation by another affiliated interest.
Hours: 48,731,780. domestic corporation where the loss Form: None.
Title: General Business Credit. corporation is also subject to the income Affected Public: Businesses or other
OMB Control Number: 1545–0895. tax of another country. The regulation for-profits.
Type of Review: Extension without allows an affiliate to make use of the Estimated Total Annual Burden
change of a currently approved loss if the loss has not been used in the Hours: 4,500.
collection. foreign group, to take the loss into Authority: 44 U.S.C. 3501 et seq.
Abstract: Internal Revenue Code income upon future use of the loss in
Dated: July 5, 2017.
section 38 permits taxpayers to reduce the foreign country. The regulation also
their income tax liability by the amount requires separate accounting for a dual Spencer W. Clark,
of their general business credit, which is consolidated loss where the dual Treasury PRA Clearance Officer.
an aggregation of their investment resident corporation files a consolidated [FR Doc. 2017–14448 Filed 7–10–17; 8:45 am]
credit, jobs credit, alcohol fuel credit, return. BILLING CODE 4830–01–P
mstockstill on DSK30JT082PROD with NOTICES
VerDate Sep<11>2014 18:01 Jul 10, 2017 Jkt 241001 PO 00000 Frm 00122 Fmt 4703 Sfmt 9990 E:\FR\FM\11JYN1.SGM 11JYN1](https://thefederalregister.org/doc/82_FR_32184/page/2.svg)
Document Created: 2018-11-14 10:22:25
Document Modified: 2018-11-14 10:22:25
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice. | |
| Dates | Comments should be received on or before August 10, 2017 to be assured of consideration. | |
| 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. | |
| FR Citation | 82 FR 32053 |
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