83 FR 13178 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests
DEPARTMENT OF THE TREASURY Federal Register Volume 83, Issue 59 (March 27, 2018)
Federal Register Volume 83, Issue 59 (March 27, 2018)
| Page Range | 13178-13180 | |
| FR Document | 2018-06060 |
[Federal Register Volume 83, Number 59 (Tuesday, March 27, 2018)] [Notices] [Pages 13178-13180] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-06060] ======================================================================= ----------------------------------------------------------------------- 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 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 April 26, 2018 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 OIRA_Submission@OMB.EOP.gov and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8142, Washington, DC 20220, or email at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Jennifer Quintana by emailing PRA@treasury.gov, calling (202) 622-0489, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: Internal Revenue Service (IRS) 1. Title: Mortgage Credit Certificates (MCCs). OMB Control Number: 1545-0922. Type of Review: Extension without change of a currently approved collection. Abstract: Mortgage Credit Certificates provide qualified holders of the certificates with a credit against income [[Page 13179]] tax liability. In general, an Issuer elects to establish a mortgage credit certificate program in lieu of issuing qualified mortgage revenue bonds. Section 25 of the Code permits states and political subdivisions to elect to issue Mortgage Credit Certificates in lieu of qualified mortgage revenue bonds. Form 8329 is used by lending institutions and Form 8330 is used by state and local governments to report on mortgage credit certificates (MCCs) authorized under IRC Section 25. IRS matches the information supplied by lenders and issuers to ensure that the credit is computed properly. Form: 8329, 8330. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 73,720. 2. Title: TD 9099--Disclosure of Relative Values of Optional Forms of Benefit. OMB Control Number: 1545-0928. Type of Review: Extension without change of a currently approved collection. Abstract: This document contains previously approved final regulations that consolidate the content requirements applicable to explanations of qualified joint and survivor annuities and qualified preretirement survivor annuities payable under certain retirement plans, and specify requirements for disclosing the relative value of optional forms of benefit that are payable from certain retirement plans in lieu of a qualified joint and survivor annuity. These regulations affect plan sponsors and administrators, and participants in and beneficiaries of, certain retirement plans. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 385,000. 3. Title: Form 8609, Low-Income Housing Credit Allocation Certification; Form 8609-A, Annual Statement for Low-Income Housing Credit. OMB Control Number: 1545-0988. Type of Review: Revision of a currently approved collection. Abstract: Owners of residential low-income rental buildings may claim a low-income housing credit for each qualified building over a 10-year credit period. Form 8609 can be used to obtain a housing credit allocation from the housing credit agency. Form 8609, along with Form 8609-A, is used by the owner to certify necessary information required by the law. The private sector and government agencies, such as housing credit agencies, are affected groups. Form: 8609, 8609-A. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 414,915. 4. Title: TD 8302--Low-Income Housing Credit for Federally-assisted Buildings. OMB Control Number: 1545-1005. Type of Review: Extension without change of a currently approved collection. Abstract: These previously approved final regulations are for the rule requires the taxpayer (low-income building owner) to seek a waiver in writing from the IRS concerning low-income buildings acquired during a special 10-year period in order to avert a claim against a Federal mortgage insurance fund. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 3,000. 5. Title: Adjustments to Basis of Stock and Indebtedness to Shareholders of S Corporations and Treatment of Distributions by S Corporations to Shareholders (TD 9300) and Open Account Debt (TD 9428). OMB Control Number: 1545-1139. Type of Review: Extension without change of a currently approved collection. Abstract: These previously approved regulations provide the procedures and the statements to be filed by S corporations for making the election provided under section 1368, and by shareholders who choose to reorder items that decrease their basis. Statements required to be filled will be used to verify that taxpayers are complying with the requirements imposed by Congress. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 450. 6. Title: CO-25-96 (TD 8824l) Limitations on Net Operating Loss Carryforwards and Certain Built-in Losses and Credits. OMB Control Number: 1545-1218. Type of Review: Extension without change of a currently approved collection. Abstract: Section 1502 provides for the promulgation of previously approved regulations with respect to corporations that file consolidated income tax returns. Section 382 limits the amount of income that can be offset by loss carryovers and credits after an ownership change. These final regulations provide rules for applying section 382 to groups of corporations that file a consolidated return. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 662. 7. Title: Limitations on net operating loss carryforwards and certain built-in losses following ownership change. OMB Control Number: 1545-1275. Type of Review: Extension without change of a currently approved collection. Abstract: 26 U.S.C. 382 limits the amount of the taxable income of any new loss corporation for any post-change year which may be offset by pre-change losses, for each such year. 26 CFR 1.382-9(d)(2)(iii) and (d)(4)(iv) allow a loss corporation to rely on a statement by beneficial owners of indebtedness in determining whether the loss corporation qualifies under section 382(l)(1)(5). Section 1.382- 9(d)(6)(ii) requires a loss corporation to file an election if it wants to apply the regulations retroactively, or revoke a prior section 382(l)(1)(6) election. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 200. 8. Title: Methods to Determine Taxable Income in connection with a Cost Sharing Arrangement--IRC Section 482. OMB Control Number: 1545-1364. Type of Review: Extension without change of a currently approved collection. Abstract: The purpose of Internal Revenue Code (IRC) section 482 is to ensure taxpayers clearly reflect income attributable to controlled transactions and to prevent avoidance of taxes regarding such transactions. IRC section 482 places a controlled taxpayer on tax parity with an uncontrolled taxpayer by determining true taxable income. Previously approved, TD 9568 (76 FR 80082) published December 22, 2011, contained final regulations regarding methods to determine taxable income in connection with a cost sharing arrangement under section 482 of the Internal Revenue Code. The final regulations address issues that had arisen in administering the cost sharing regulations. The final regulations affect domestic and foreign entities that enter into cost sharing arrangements described in the final regulations. Form: None. Affected Public: Businesses or other for-profits. [[Page 13180]] Estimated Total Annual Burden Hours: 9,350. 9. Title: T.D. 8537--Carryover of Passive Activity Losses and Credits and At Risk Losses to Bankruptcy Estates of Individuals. OMB Control Number: 1545-1375. Type of Review: Extension without change of a currently approved collection. Abstract: This document contains previously approved final regulations relating to the application of carryover of passive activity losses and credits and at risk losses to the bankruptcy estates of individuals. The final regulations affect individual taxpayers who file bankruptcy petitions under chapter 7 or chapter 11 of title 11 of the United States Code and have passive activity losses and credits under section 469 or losses under section 465. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 100. 10. Title: EE-14-81 Deductions and Reductions in Earnings and Profits (or Accumulated Profits) With Respect to Certain Foreign Deferred Compensation Plans Maintained by Certain Foreign Corporations. OMB Control Number: 1545-1393. Type of Review: Extension without change of a currently approved collection. Abstract: The previously approved regulation provides guidance regarding the limitations on deductions and adjustments to earnings and profits (or accumulated profits) for certain foreign deferred compensation plans. Respondents will be multinational corporations. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 634,450. 11. Title: TD 9199--Diesel Fuel and Kerosene Excise Tax; Dye Injection. OMB Control Number: 1545-1418. Type of Review: Extension without change of a currently approved collection. Abstract: The previously approved regulations relate to the diesel fuel and kerosene excise tax and reflect changes made by the American Jobs Creation Act of 2004 (Act) regarding mechanical dye injection systems. Under the Act, diesel fuel and kerosene that are to be used in a nontaxable use must be indelibly dyed by use of a mechanical dye injection system that satisfies the requirements set forth in the regulations. However, Notice 2005-80 lifted the requirement for mechanical injection and because of this there is currently no requirement in the regulations for pre-approval by the IRS to inject dye into exempt fuel. The statutory requirement remains codified until such time they are finalized or removed. The burden has been adjusted accordingly. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 1. 12. Title: TD 8706 Electronic Filing of Form W-4. OMB Control Number: 1545-1435. Type of Review: Extension without change of a currently approved collection. Abstract: This document contains previously approved final regulations relating to Form W-4, Employee's Withholding Allowance Certificate. The final regulations authorize employers to establish electronic systems for use by employees in filing their Forms W-4. The regulations provide employers and employees with guidance necessary to comply with the law. The regulations affect employers that establish electronic systems and their employees. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 40,000. 13. Title: TD 8881--General Revision of Regulations Relating to Withholding of Tax on Certain U.S. Source Income Paid to Foreign Persons. OMB Control Number: 1545-1484. Type of Review: Extension without change of a currently approved collection. Abstract: This document contains previously approved regulations relating to the withholding of income tax under sections 1441, 1442, and 1443 on certain U.S. source income paid to foreign persons and related requirements governing collection, deposit, refunds, and credits of withheld amounts under sections 1461 through 1463. These regulations affect persons making payments of U.S. source income to foreign persons. Form: None. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 1. 14. Title: Government Service Information. OMB Control Number: 1545-1919. Type of Review: Extension without change of a currently approved collection. Abstract: Form 12854 is used to identify applicants who have had prior government service in order to request the official personnel folder from federal records and to identify possible pay-setting issues. Form: 12854. Affected Public: Individuals and households. Estimated Total Annual Burden Hours: 6,203. Authority: 44 U.S.C. 3501 et seq. Dated: March 21, 2018. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2018-06060 Filed 3-26-18; 8:45 am] BILLING CODE 4830-01-P
![13178 Federal Register / Vol. 83, No. 59 / Tuesday, March 27, 2018 / Notices
instituting proceedings to allow for 2018. Any person who wishes to file a For the Commission, by the Division of
additional analysis, and input from, rebuttal to any other person’s Trading and Markets, pursuant to delegated
commenters with respect to the submission must file that rebuttal by authority.26
Proposed Rule Change’s consistency May 1, 2018. Eduardo A. Aleman,
with the Act and the rules thereunder, Comments may be submitted by any Assistant Secretary.
including the following: of the following methods: [FR Doc. 2018–06106 Filed 3–26–18; 8:45 am]
• Section 17A(b)(3)(F) of the Act,23 BILLING CODE 8011–01–P
which requires, in part, that the rules of Electronic Comments
a clearing agency be designed to
promote the prompt and accurate • Use the Commission’s internet
comment form (http://www.sec.gov/ DEPARTMENT OF THE TREASURY
clearnance and settlement of securities
transactions, assure the safeguarding of rules/sro.shtml); or
Agency Information Collection
securities and funds which are in the • Send an email to rule-comments@ Activities; Submission for OMB
custody or control of the clearing agency sec.gov. Please include File No. SR– Review; Comment Request; Multiple
or for which it is responsible, and, in OCC–2017–020 on the subject line. IRS Information Collection Requests
general, to protect investors and the Paper Comments
public interest; and AGENCY: Departmental Offices, U.S.
• Rule 17Ad–22(e)(3)(ii) of the Act,24 • Send paper comments in triplicate Department of the Treasury.
which requires a covered clearing to Brent J. Fields, Secretary, Securities ACTION: Notice.
agency to establish, implement, and Exchange Commission, 100 F Street
maintain and enforce written policies SUMMARY: The Department of the
NE, Washington, DC 20549–1090.
and procedures reasonably designed to Treasury will submit the following
plan for the recovery and orderly wind- All submissions should refer to File No. information collection requests to the
down of the covered clearing agency SR–OCC–2017–020. This file number Office of Management and Budget
necessitated by credit losses, liquidity should be included on the subject line (OMB) for review and clearance in
shortfalls, losses from general business if email is used. To help the accordance with the Paperwork
risk, or any other losses. Commission process and review your Reduction Act of 1995, on or after the
comments more efficiently, please use date of publication of this notice. The
IV. Request for Written Comments only one method. The Commission will public is invited to submit comments on
The Commission requests that post all comments on the Commission’s these requests.
interested persons provide written internet website (http://www.sec.gov/ DATES: Comments should be received on
submissions of their views, data, and rules/sro.shtml). Copies of the or before April 26, 2018 to be assured
arguments with respect to the Proposed submission, all subsequent of consideration.
Rule Change with respect to the issues amendments, all written statements ADDRESSES: Send comments regarding
identified above, as well as any other with respect to the Proposed Rule the burden estimate, or any other aspect
concerns they may have with the Change that are filed with the of the information collection, including
Proposed Rule Change. In particular, the Commission, and all written suggestions for reducing the burden, to
Commission invites the written views of communications relating to the (1) Office of Information and Regulatory
interested persons concerning whether Proposed Rule Change between the Affairs, Office of Management and
the Proposed Rule Change is consistent Commission and any person, other than Budget, Attention: Desk Officer for
with Section 17A(b)(3)(F) and Rule those that may be withheld from the Treasury, New Executive Office
17Ad–22(e)(3)(ii) under the Act, cited public in accordance with the Building, Room 10235, Washington, DC
above, or any other provision of the Act, provisions of 5 U.S.C. 552, will be 20503, or email at OIRA_Submission@
rules, and regulations thereunder. available for website viewing and OMB.EOP.gov and (2) Treasury PRA
Although there do not appear to be printing in the Commission’s Public Clearance Officer, 1750 Pennsylvania
any issues relevant to approval or Reference Room, 100 F Street NE, Ave. NW, Suite 8142, Washington, DC
disapproval that would be facilitated by Washington, DC 20549, on official 20220, or email at PRA@treasury.gov.
an oral presentation of views, data, and business days between the hours of
FOR FURTHER INFORMATION CONTACT:
arguments, the Commission will 10:00 a.m. and 3:00 p.m. Copies of such
filing also will be available for Copies of the submissions may be
consider, pursuant to Rule 19b–4, any
inspection and copying at the principal obtained from Jennifer Quintana by
request for an opportunity to make an
office of OCC and on OCC’s website at emailing PRA@treasury.gov, calling
oral presentation.25
https://www.theocc.com/about/ (202) 622–0489, or viewing the entire
Interested persons are invited to
publications/bylaws.jsp. information collection request at
submit written data, views, and
www.reginfo.gov.
arguments regarding whether the All comments received will be posted
Proposed Rule Change should be without change. Persons submitting SUPPLEMENTARY INFORMATION:
approved or disapproved by April 17, comments are cautioned that we do not Internal Revenue Service (IRS)
redact or edit personal identifying
23 15 U.S.C. 78q–1(b)(3)(F). information from comment submissions. 1. Title: Mortgage Credit Certificates
24 17 CFR 17Ad–22(e)(3)(ii).
You should submit only information (MCCs).
25 Section 19(b)(2) of the Act, as amended by the
that you wish to make available OMB Control Number: 1545–0922.
Securities Acts Amendments of 1975, Public Law Type of Review: Extension without
94–29, 89 Stat. 97 (1975), grants the Commission publicly.
amozie on DSK30RV082PROD with NOTICES
flexibility to determine what type of proceeding— change of a currently approved
either oral or notice and opportunity for written
All submissions should refer to File collection.
comments—is appropriate for consideration of a No. SR–OCC–2017–021 and should be Abstract: Mortgage Credit Certificates
particular proposal by a self-regulatory submitted on or before April 17, 2018. provide qualified holders of the
organization. See Securities Acts Amendments of If comments are received, any rebuttal
1975, Report of the Senate Committee on Banking, certificates with a credit against income
Housing and Urban Affairs to Accompany S. 249,
comments should be submitted on or
S. Rep. No. 75, 94th Cong., 1st Sess. 30 (1975). before May 1, 2018. 26 17 CFR 200.30–3(a)(12).
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![13180 Federal Register / Vol. 83, No. 59 / Tuesday, March 27, 2018 / Notices
Estimated Total Annual Burden for mechanical injection and because of government service in order to request
Hours: 9,350. this there is currently no requirement in the official personnel folder from federal
9. Title: T.D. 8537—Carryover of the regulations for pre-approval by the records and to identify possible pay-
Passive Activity Losses and Credits and IRS to inject dye into exempt fuel. The setting issues.
At Risk Losses to Bankruptcy Estates of statutory requirement remains codified Form: 12854.
Individuals. until such time they are finalized or Affected Public: Individuals and
OMB Control Number: 1545–1375. removed. The burden has been adjusted households.
Type of Review: Extension without accordingly. Estimated Total Annual Burden
change of a currently approved Form: None. Hours: 6,203.
collection. Affected Public: Businesses or other Authority: 44 U.S.C. 3501 et seq.
Abstract: This document contains for-profits.
Estimated Total Annual Burden Dated: March 21, 2018.
previously approved final regulations
relating to the application of carryover Hours: 1. Spencer W. Clark,
of passive activity losses and credits and 12. Title: TD 8706 Electronic Filing of Treasury PRA Clearance Officer.
at risk losses to the bankruptcy estates Form W–4. [FR Doc. 2018–06060 Filed 3–26–18; 8:45 am]
of individuals. The final regulations OMB Control Number: 1545–1435. BILLING CODE 4830–01–P
affect individual taxpayers who file Type of Review: Extension without
bankruptcy petitions under chapter 7 or change of a currently approved
chapter 11 of title 11 of the United collection.
Abstract: This document contains DEPARTMENT OF VETERANS
States Code and have passive activity AFFAIRS
losses and credits under section 469 or previously approved final regulations
losses under section 465. relating to Form W–4, Employee’s
[OMB Control No. 2900—NEW]
Form: None. Withholding Allowance Certificate. The
Affected Public: Businesses or other final regulations authorize employers to Agency Information Collection
for-profits. establish electronic systems for use by Submission for OMB Emergency
Estimated Total Annual Burden employees in filing their Forms W–4. Review: Request for Restoration of
Hours: 100. The regulations provide employers and Educational Assistance
employees with guidance necessary to
10. Title: EE–14–81 Deductions and
comply with the law. The regulations AGENCY: Veterans Benefits
Reductions in Earnings and Profits (or
affect employers that establish Administration, Department of Veterans
Accumulated Profits) With Respect to
electronic systems and their employees. Affairs.
Certain Foreign Deferred Compensation Form: None.
Plans Maintained by Certain Foreign ACTION: Emergency clearance notice and
Affected Public: Businesses or other request for comments.
Corporations. for-profits.
OMB Control Number: 1545–1393. Estimated Total Annual Burden SUMMARY: The Veterans Benefits
Type of Review: Extension without Hours: 40,000. Administration (VBA), Department of
change of a currently approved Veterans Affairs (VA), submitted a
13. Title: TD 8881—General Revision
collection. request to the Office of Management and
of Regulations Relating to Withholding
Abstract: The previously approved
of Tax on Certain U.S. Source Income Budget (OMB) for emergency clearance
regulation provides guidance regarding
Paid to Foreign Persons. and review of VA Form 22–0989,
the limitations on deductions and OMB Control Number: 1545–1484. Request for Restoration of Educational
adjustments to earnings and profits (or Type of Review: Extension without Assistance, 2900—NEW. Under the
accumulated profits) for certain foreign change of a currently approved Paperwork Reduction Act (PRA) of
deferred compensation plans. collection. 1995, VA is soliciting comments for this
Respondents will be multinational Abstract: This document contains collection.
corporations. previously approved regulations relating
Form: None. DATES: Comments on this proposal for
to the withholding of income tax under emergency review should be received
Affected Public: Businesses or other sections 1441, 1442, and 1443 on certain
for-profits. within April 26, 2018. VA is requesting
U.S. source income paid to foreign OMB to take action within 30 calendar
Estimated Total Annual Burden persons and related requirements
Hours: 634,450. days from the close of this Federal
governing collection, deposit, refunds, Register Notice on the request for
11. Title: TD 9199—Diesel Fuel and and credits of withheld amounts under emergency review. This process is
Kerosene Excise Tax; Dye Injection. sections 1461 through 1463. These
OMB Control Number: 1545–1418. conducted in accordance with 5 CFR
regulations affect persons making 1320.1.
Type of Review: Extension without payments of U.S. source income to
change of a currently approved foreign persons. ADDRESSES: Interested persons are
collection. Form: None. invited to submit written comments on
Abstract: The previously approved Affected Public: Businesses or other the proposed collection of information
regulations relate to the diesel fuel and for-profits. to the Office of Information and
kerosene excise tax and reflect changes Estimated Total Annual Burden Regulatory Affairs, Office of
made by the American Jobs Creation Act Hours: 1. Management and Budget, 725 17th
of 2004 (Act) regarding mechanical dye 14. Title: Government Service Street NW, Washington, DC 20503,
amozie on DSK30RV082PROD with NOTICES
injection systems. Under the Act, diesel Information. Attention: Desk Officer for the
fuel and kerosene that are to be used in OMB Control Number: 1545–1919. Department of Veterans Affairs, or sent
a nontaxable use must be indelibly dyed Type of Review: Extension without via electronic mail to oira_submission@
by use of a mechanical dye injection change of a currently approved omb.eop.gov. To obtain a copy of
system that satisfies the requirements collection. associated documents for this
set forth in the regulations. However, Abstract: Form 12854 is used to information collection, access
Notice 2005–80 lifted the requirement identify applicants who have had prior Reginfo.gov. Please refer to ‘‘OMB
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Document Created: 2018-03-27 01:26:36
Document Modified: 2018-03-27 01:26:36
| 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 April 26, 2018 to be assured of consideration. | |
| Contact | Copies of the submissions may be obtained from Jennifer Quintana by emailing [email protected], calling (202) 622-0489, or viewing the entire information collection request at www.reginfo.gov. | |
| FR Citation | 83 FR 13178 |
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