82_FR_53187 82 FR 52968 - Proposed Collection; Comment Request for Regulation Project

82 FR 52968 - Proposed Collection; Comment Request for Regulation Project

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 219 (November 15, 2017)

Page Range52968-52969
FR Document2017-24662

The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments concerning existing Final Regulation, TD 9467--Measurement of Assets and Liabilities for Pension Funding Purposes, and Notice 2014-53--Pension Funding Stabilization under the Highway and Transportation Funding Act of 2014 (HAFTA).

Federal Register, Volume 82 Issue 219 (Wednesday, November 15, 2017)
[Federal Register Volume 82, Number 219 (Wednesday, November 15, 2017)]
[Notices]
[Pages 52968-52969]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-24662]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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

SUMMARY: The Internal Revenue Service, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the general public 
and other Federal agencies to take this opportunity to comment on 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995. Currently, the IRS is soliciting 
comments concerning existing Final

[[Page 52969]]

Regulation, TD 9467--Measurement of Assets and Liabilities for Pension 
Funding Purposes, and Notice 2014-53--Pension Funding Stabilization 
under the Highway and Transportation Funding Act of 2014 (HAFTA).

DATES: Written comments should be received on or before January 16, 
2018 to be assured of consideration.

ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to LaNita Van Dyke at 
(202) 371-6009, at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW., Washington, DC 20224, or through the internet 
at Lanita.VanDyke@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Measurement of Assets and Liabilities for Pension Funding 
Purposes.
    OMB Number: 1545-2095.
    Regulation Project Number: REG-139236-07 (TD 9467) and Notice 2014-
53.
    Abstract: In order to implement the statutory provisions under 
sections 430 and 436, this final regulation contains collections of 
information in Sec. Sec.  1.430(f)-1(f), 1.430(h)(2)-1(e), 1.436-1(f), 
and 1.436-1(h). The information required under Sec.  1.430(f)-1(f) is 
required in order for plan sponsors to make elections regarding a 
plan's credit balances upon occasion. The information under Sec.  
1.430(g)-1(d)(3) is required in order for a plan sponsor to include as 
a plan asset a contribution made to avoid a restriction under section 
436. The information required under Sec.  1.430(h)(2)-1(e) is required 
in order for a plan sponsor to make an election to use an alternative 
interest rate for purposes of determining a plan's funding obligations 
under Sec.  1.430(h)(2)-1. The information required under Sec. Sec.  
1.436-1(f) and 1.436-1(h) is required in order for a qualified defined 
benefit plan's enrolled actuary to provide a timely certification of 
the plan's adjusted funding target attainment percentage (AFTAP) for 
each plan year to avoid certain benefit restrictions.
    The Highway and Transportation Funding Act of 2014 (HATFA), Public 
Law 113-159, was enacted on August 8, 2014, and was effective 
retroactively for single employer defined benefit pension plans, 
optional for plan years beginning in 2013 and mandatory for plan years 
beginning in 2014. Notice 2014-53 provides guidance on these changes to 
the funding stabilization rules for single-employer pension plans.
    Current Actions: There is no change to TD 9465 or Notice 2014-53.
    Type of Review: Extension without change of a currently approved 
collection.
    Affected Public: Individuals, business or other for-profit 
organizations, not-for-profit institutions and Federal, state, local or 
tribal governments.

TD 9467

    Estimated Number of Respondents: 80,000.
    Estimated Time per Respondent: 1.5 hrs.
    Estimated Total Annual Burden Hours: 120,000.

Notice 2014-53

    Estimated Number of Respondents: 76,600.
    Estimated Time per Respondent: 30 minutes.
    Estimated Total Annual Burden Hours: 38,000.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: November 8, 2017.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-24662 Filed 11-14-17; 8:45 am]
BILLING CODE 4830-01-P



                                                52968                    Federal Register / Vol. 82, No. 219 / Wednesday, November 15, 2017 / Notices

                                                PRB reviews the performance appraisals                  DEPARTMENT OF THE TREASURY                               The following paragraph applies to all
                                                of career senior executives who are                                                                           of the collections of information covered
                                                below the level of bureau head and                      Internal Revenue Service                              by this notice.
                                                principal deputy in the bureaus, except                                                                          An agency may not conduct or
                                                for executives below the Assistant                      Proposed Collection; Comment                          sponsor, and a person is not required to
                                                Commissioner/Executive Director level                   Request for Regulation Project                        respond to, a collection of information
                                                in the Bureau of Fiscal Service. The                    AGENCY: Internal Revenue Service (IRS),               unless the collection of information
                                                Combined PRB makes recommendations                      Treasury.                                             displays a valid OMB control number.
                                                regarding proposed performance                                                                                Books or records relating to a collection
                                                                                                        ACTION: Notice and request for
                                                appraisals, ratings, bonuses, pay                                                                             of information must be retained as long
                                                                                                        comments.
                                                adjustments, and other appropriate                                                                            as their contents may become material
                                                personnel actions.                                      SUMMARY:    The Internal Revenue Service,             in the administration of any internal
                                                                                                        as part of its continuing effort to reduce            revenue law. Generally, tax returns and
                                                DATES: The membership of the                                                                                  tax return information are confidential,
                                                                                                        paperwork and respondent burden,
                                                Combined PRB as described in this                                                                             as required by 26 U.S.C. 6103.
                                                                                                        invites the general public and other
                                                Notice is effective on October 26, 2017.                                                                         Request for Comments: Comments
                                                                                                        Federal agencies to take this
                                                FOR FURTHER INFORMATION CONTACT:                        opportunity to comment on continuing                  submitted in response to this notice will
                                                Randy L. Thornton, Chief Human                          information collections, as required by               be summarized and/or included in the
                                                Capital Officer, Bureau of the Fiscal                   the Paperwork Reduction Act of 1995.                  request for OMB approval. All
                                                Service, (202) 874–5147.                                The IRS is soliciting comments                        comments will become a matter of
                                                                                                        concerning the safe harbor for                        public record. Comments are invited on:
                                                SUPPLEMENTARY INFORMATION:     Pursuant                                                                       (a) Whether the collection of
                                                                                                        inadvertent normalization violations.
                                                to 5 U.S.C. Section 4314(c)(4), this                                                                          information is necessary for the proper
                                                                                                        DATES: Written comments should be
                                                Notice announces the appointment of                                                                           performance of the functions of the
                                                the following primary and alternate                     received on or before January 16, 2018
                                                                                                        to be assured of consideration.                       agency, including whether the
                                                members to the Combined PRB:                                                                                  information shall have practical utility;
                                                                                                        ADDRESSES: Direct all written comments
                                                Primary Members                                                                                               (b) the accuracy of the agency’s estimate
                                                                                                        to L. Brimmer, Internal Revenue
                                                                                                                                                              of the burden of the collection of
                                                                                                        Service, Room 6529, 1111 Constitution
                                                Stephen L. Manning, Deputy                                                                                    information; (c) ways to enhance the
                                                                                                        Avenue NW., Washington, DC 20224.
                                                  Commissioner, Finance and                                                                                   quality, utility, and clarity of the
                                                                                                        FOR FURTHER INFORMATION CONTACT:                      information to be collected; (d) ways to
                                                  Administration, Bureau of the Fiscal
                                                  Service                                               Requests for additional information or                minimize the burden of the collection of
                                                                                                        copies of the revenue procedure should                information on respondents, including
                                                David Motl, Chief Administrative                        be directed to Kerry Dennis, at (202)
                                                  Officer, United States Mint                                                                                 through the use of automated collection
                                                                                                        317–5751 or Internal Revenue Service,                 techniques or other forms of information
                                                Peter Bergstrom, Assistant Director,                    Room 6529, 1111 Constitution Avenue                   technology; and (e) estimates of capital
                                                  Management Services, Financial                        NW., Washington DC 20224, or through                  or start-up costs and costs of operation,
                                                  Crimes Enforcement Network                            the internet, at Kerry.Dennis@irs.gov.                maintenance, and purchase of services
                                                Marty Greiner, Deputy Director, Chief                   SUPPLEMENTARY INFORMATION:                            to provide information.
                                                  Administrative Officer, Bureau of                       Title: Safe Harbor for Inadvertent
                                                                                                                                                                Approved: November 8, 2017.
                                                  Engraving and Printing                                Normalization Violations.
                                                                                                          OMB Number: 1545–2276.                              L. Brimmer,
                                                Mary G. Ryan, Deputy Administrator,                       Revenue Procedure Number: 2017–47.                  Senior Tax Analyst.
                                                  Alcohol and Tobacco Tax and Trade                       Abstract: Revenue Procedure 2017–47                 [FR Doc. 2017–24661 Filed 11–14–17; 8:45 am]
                                                  Bureau                                                provides a safe harbor that allows a                  BILLING CODE 4830–01–P

                                                Alternate Members                                       utility taxpayer that inadvertently uses
                                                                                                        a practice or procedure that is
                                                Mike Linder, Assistant Commissioner/                    inconsistent with the normalization                   DEPARTMENT OF THE TREASURY
                                                  CFO, Bureau of the Fiscal Service                     rules (such as failure to use the
                                                                                                        proration methodology) to correct that                Internal Revenue Service
                                                David Croft, Associate Director of
                                                  Manufacturing, United States Mint                     practice or procedure at the next                     Proposed Collection; Comment
                                                                                                        available opportunity and be considered               Request for Regulation Project
                                                Amy Taylor, Assistant Director,                         not to have violated the normalization
                                                  Technology Division, Financial                        rules by their inadvertent error without              AGENCY: Internal Revenue Service (IRS),
                                                  Crimes Enforcement Network                            requiring the taxpayer to obtain a                    Treasury.
                                                Debra Richardson, Associate Director,                   private letter ruling from the Service                ACTION: Notice and request for
                                                  Chief Financial Officer, Bureau of                    regarding the inadvertent error.                      comments.
                                                  Engraving and Printing                                  Current Actions: There is no change to
                                                                                                        this existing revenue procedure.                      SUMMARY:    The Internal Revenue Service,
                                                Theresa McCarthy, Assistant                                                                                   as part of its continuing effort to reduce
                                                  Administrator, Headquarter                              Type of Review: Extension of a
                                                                                                        currently approved collection.                        paperwork and respondent burden,
                                                  Operations, Alcohol and Tobacco Tax                                                                         invites the general public and other
sradovich on DSK3GMQ082PROD with NOTICES




                                                  and Trade Bureau                                        Affected Public: Businesses or other
                                                                                                        for-profits.                                          Federal agencies to take this
                                                   Authority: 5 U.S.C. Section 4314(c)(4).                Estimated Number of Respondents:                    opportunity to comment on proposed
                                                                                                        150.                                                  and/or continuing information
                                                Sheryl R. Morrow,
                                                                                                          Estimated Time per Respondent: 12                   collections, as required by the
                                                Commissioner, Bureau of the Fiscal Service.             hours.                                                Paperwork Reduction Act of 1995.
                                                [FR Doc. 2017–24731 Filed 11–14–17; 8:45 am]              Estimated Total Annual Burden                       Currently, the IRS is soliciting
                                                BILLING CODE 4810–AS–P                                  Hours: 1,800.                                         comments concerning existing Final


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                                                                        Federal Register / Vol. 82, No. 219 / Wednesday, November 15, 2017 / Notices                                            52969

                                                Regulation, TD 9467—Measurement of                        Current Actions: There is no change to              DEPARTMENT OF THE TREASURY
                                                Assets and Liabilities for Pension                      TD 9465 or Notice 2014–53.
                                                Funding Purposes, and Notice 2014–                        Type of Review: Extension without                   Internal Revenue Service
                                                53—Pension Funding Stabilization                        change of a currently approved
                                                under the Highway and Transportation                    collection.                                           Proposed Collection; Comment
                                                Funding Act of 2014 (HAFTA).                              Affected Public: Individuals, business              Request for Form 4419.
                                                DATES: Written comments should be                       or other for-profit organizations, not-for-
                                                                                                                                                              AGENCY: Internal Revenue Service (IRS),
                                                received on or before January 16, 2018                  profit institutions and Federal, state,
                                                                                                                                                              Treasury.
                                                to be assured of consideration.                         local or tribal governments.
                                                                                                                                                              ACTION: Notice and request for
                                                ADDRESSES: Direct all written comments                  TD 9467                                               comments.
                                                to L. Brimmer, Internal Revenue                           Estimated Number of Respondents:
                                                Service, Room 6526, 1111 Constitution                   80,000.                                               SUMMARY:    The Internal Revenue Service,
                                                Avenue NW., Washington, DC 20224.                         Estimated Time per Respondent: 1.5                  as part of its continuing effort to reduce
                                                FOR FURTHER INFORMATION CONTACT:                        hrs.                                                  paperwork and respondent burden,
                                                Requests for additional information or                    Estimated Total Annual Burden                       invites the general public and other
                                                copies of the regulations should be                     Hours: 120,000.                                       Federal agencies to take this
                                                directed to LaNita Van Dyke at (202)                                                                          opportunity to comment on proposed
                                                                                                        Notice 2014–53                                        and/or continuing information
                                                371–6009, at Internal Revenue Service,
                                                Room 6526, 1111 Constitution Avenue                        Estimated Number of Respondents:                   collections, as required by the
                                                NW., Washington, DC 20224, or through                   76,600.                                               Paperwork Reduction Act of 1995.
                                                the internet at Lanita.VanDyke@irs.gov.                    Estimated Time per Respondent: 30                  Currently, the IRS is soliciting
                                                SUPPLEMENTARY INFORMATION:
                                                                                                        minutes.                                              comments concerning Form 4419,
                                                   Title: Measurement of Assets and                        Estimated Total Annual Burden                      Application for Filing Information
                                                                                                        Hours: 38,000.                                        Returns Electronically (FIRE).
                                                Liabilities for Pension Funding
                                                                                                           The following paragraph applies to all
                                                Purposes.                                                                                                     DATES: Written comments should be
                                                                                                        of the collections of information covered
                                                   OMB Number: 1545–2095.                                                                                     received on or before January 16, 2018
                                                   Regulation Project Number: REG–                      by this notice:
                                                                                                           An agency may not conduct or                       to be assured of consideration.
                                                139236–07 (TD 9467) and Notice 2014–                                                                          ADDRESSES: Direct all written comments
                                                                                                        sponsor, and a person is not required to
                                                53.                                                                                                           to L. Brimmer, Internal Revenue
                                                                                                        respond to, a collection of information
                                                   Abstract: In order to implement the                                                                        Service, Room 6526, 1111 Constitution
                                                                                                        unless the collection of information
                                                statutory provisions under sections 430                                                                       Avenue NW., Washington, DC 20224.
                                                                                                        displays a valid OMB control number.
                                                and 436, this final regulation contains
                                                                                                        Books or records relating to a collection             FOR FURTHER INFORMATION CONTACT:
                                                collections of information in
                                                                                                        of information must be retained as long               Requests for additional information or
                                                §§ 1.430(f)–1(f), 1.430(h)(2)–1(e), 1.436–
                                                                                                        as their contents may become material                 copies of the form and instructions
                                                1(f), and 1.436–1(h). The information
                                                                                                        in the administration of any internal                 should be directed to LaNita Van Dyke
                                                required under § 1.430(f)–1(f) is
                                                                                                        revenue law. Generally, tax returns and               at (202) 317–6009, at Internal Revenue
                                                required in order for plan sponsors to
                                                                                                        tax return information are confidential,              Service, Room 6526, 1111 Constitution
                                                make elections regarding a plan’s credit                as required by 26 U.S.C. 6103.
                                                balances upon occasion. The                                                                                   Avenue NW., Washington, DC 20224, or
                                                                                                           Request for Comments: Comments                     through the internet at
                                                information under § 1.430(g)–1(d)(3) is                 submitted in response to this notice will
                                                required in order for a plan sponsor to                                                                       Lanita.VanDyke@irs.gov.
                                                                                                        be summarized and/or included in the
                                                include as a plan asset a contribution                                                                        SUPPLEMENTARY INFORMATION:
                                                                                                        request for OMB approval. All
                                                made to avoid a restriction under                                                                                Title: Application for Filing
                                                                                                        comments will become a matter of
                                                section 436. The information required                   public record. Comments are invited on:               Information Returns Electronically
                                                under § 1.430(h)(2)–1(e) is required in                 (a) Whether the collection of                         (FIRE).
                                                order for a plan sponsor to make an                     information is necessary for the proper                  OMB Number: 1545–0387.
                                                election to use an alternative interest                 performance of the functions of the                      Form Number: 4419.
                                                rate for purposes of determining a plan’s               agency, including whether the                            Abstract: Under section 6011(e)(2)(a)
                                                funding obligations under § 1.430(h)(2)–                information shall have practical utility;             of the Internal Revenue Code, any
                                                1. The information required under                       (b) the accuracy of the agency’s estimate             person, including corporations,
                                                §§ 1.436–1(f) and 1.436–1(h) is required                of the burden of the collection of                    partnerships, individuals, estates and
                                                in order for a qualified defined benefit                information; (c) ways to enhance the                  trusts, who is required to file 250 or
                                                plan’s enrolled actuary to provide a                    quality, utility, and clarity of the                  more information returns must file such
                                                timely certification of the plan’s                      information to be collected; (d) ways to              returns magnetically or electronically.
                                                adjusted funding target attainment                      minimize the burden of the collection of              Payers required to file on magnetic
                                                percentage (AFTAP) for each plan year                   information on respondents, including                 media or electronically must complete
                                                to avoid certain benefit restrictions.                  through the use of automated collection               Form 4419 to receive authorization to
                                                   The Highway and Transportation                       techniques or other forms of information              file.
                                                Funding Act of 2014 (HATFA), Public                     technology; and (e) estimates of capital                 Current Actions: There are no changes
                                                Law 113–159, was enacted on August 8,                   or start-up costs and costs of operation,             being made to the form at this time.
                                                2014, and was effective retroactively for                                                                        Type of Review: Extension of a
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                        maintenance, and purchase of services
                                                single employer defined benefit pension                 to provide information.                               currently approved collection.
                                                plans, optional for plan years beginning                                                                         Affected Public: Business or other for-
                                                in 2013 and mandatory for plan years                      Approved: November 8, 2017.                         profit organizations, non-profit
                                                beginning in 2014. Notice 2014–53                       Laurie Brimmer,                                       institutions, and Federal, State, local or
                                                provides guidance on these changes to                   Senior Tax Analyst.                                   tribal governments.
                                                the funding stabilization rules for                     [FR Doc. 2017–24662 Filed 11–14–17; 8:45 am]             Estimated Number of Respondents:
                                                single-employer pension plans.                          BILLING CODE 4830–01–P                                15,000.


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Document Created: 2018-10-25 10:36:39
Document Modified: 2018-10-25 10:36:39
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 and request for comments.
DatesWritten comments should be received on or before January 16, 2018 to be assured of consideration.
ContactRequests for additional information or copies of the regulations should be directed to LaNita Van Dyke at (202) 371-6009, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation82 FR 52968 

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