83 FR 1659 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests

DEPARTMENT OF THE TREASURY

Federal Register Volume 83, Issue 9 (January 12, 2018)

Page Range		1659-1660
FR Document		2018-00416

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.

Federal Register, Volume 83 Issue 9 (Friday, January 12, 2018)

[Federal Register Volume 83, Number 9 (Friday, January 12, 2018)]
[Notices]
[Pages 1659-1660]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-00416]


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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 February 12, 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 [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 Quintana by emailing [email protected], calling 
(202) 622-0489, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

[[Page 1660]]

Internal Revenue Service (IRS)

    Title: Treaty-Based Return Position Disclosure Under Section 6114 
or 7701(b).
    OMB Control Number: 1545-1354.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Revenue Procedure 2010-19 provides guidance for 
individuals who emigrate from Canada and wish to make an election for 
U.S. federal income tax purposes. Form 8833 is used by taxpayers to 
make the treaty-based return position disclosure required by section 
6114. The form must also be used by dual-resident taxpayers to make the 
treaty-based return position disclosure required by Regulations section 
301.7701(b)-7.
    Form: 8833.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 25,740.

    Title: T.D. 8743, Sale of Residence from Qualified Personal 
Residence Trust.
    OMB Control Number: 1545-1485.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This document contains previously approved final 
regulations permitting the reformation of a personal residence trust or 
a qualified personal residence trust in order to comply with the 
applicable requirements for such trusts. The final regulations also 
provide that the governing instruments of such trusts must prohibit the 
sale of a residence held in the trust to the grantor of the trust, the 
grantor's spouse, or an entity controlled by the grantor or the 
grantor's spouse.
    Form: None.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 625.

    Title: TD 8684--Treatment of Gain From the Disposition of Interest 
in Certain Natural Resource Recapture Property by S Corporations and 
Their Shareholders.
    OMB Control Number: 1545-1493.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This regulation prescribes rules under Code section 1254 
relating to the treatment by S corporations and their shareholders of 
gain from the disposition of natural resource recapture property and 
from the sale or exchange of S corporation stock. Section 1.1254(c)(2) 
of the regulation provides that gain recognized on the sale or exchange 
of S corporation stock is not treated as ordinary income if the 
shareholder attaches a statement to his or her return containing 
information establishing that the gain is not attributable to section 
1254 costs.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,000.

    Title: Rev. Proc. 99-21 Disability Suspension.
    OMB Control Number: 1545-1649.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The information is needed to establish a claim that a 
taxpayer was financially disabled for purposes of section 6511(h) of 
the Internal Revenue Code (which was added by section 3203 of the 
Internal Revenue Service Restructuring and Reform Act of 1998). Under 
section 6511(h), the statute of limitations on claims for credit or 
refund is suspended for any period of an individual taxpayer's life 
during which the taxpayer is unable to manage his or her financial 
affairs because of a medically determinable mental or physical 
impairment, if the impairment can be expected to result in death, or 
has lasted (or can be expected to last) for a continuous period of not 
less than 12 months. Section 6511(h)(2)(A) requires that proof of the 
taxpayer's financial disability be furnished to the Internal Revenue 
Service.
    Form: None.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 24,100.

    Title: Continuation Sheet for Item # 15 (Additional Information) 
OF-306, Declaration for Federal Employment.
    OMB Control Number: 1545-1921.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 12114 is used by recruitment personnel of the 
Covington Host Site. This form is provided to applicants when 
completing OF 306, Declaration for Federal Employment. It is used as a 
continuation sheet to clearly define additional information that is 
requested in item 15 of the OF 306. Due to lack of space on the OF 306 
this form can be used in lieu of an additional sheet of paper. The 
authority to request this information is in 5 U.S.C. 3301 and 3304.
    Form: 12114.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 6,203.

    Title: Form 8879-EX, IRS e-file Signature Authorization for Forms 
720, 2290, and 8849.
    OMB Control Number: 1545-2081.
    Type of Review: Reinstatement without change of a previously 
approved collection.
    Abstract: The Form 8879-EX, IRS e-file Signature Authorization for 
Forms 720, 2290, and 8849, will be used in the Modernized e-File 
program. Form 8879-EX authorizes an a taxpayer and an electronic return 
originator (ERO) to use a personal identification number (PIN) to 
electronically sign an electronic excise tax return and, if applicable, 
authorize an electronic funds withdrawal.
    Form: 8879-EX.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 46,800.

    Title: Election to Expense Certain Refineries.
    OMB Control Number: 1545-2103.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The regulations provide guidance with respect to section 
179C of the Internal Revenue Code, which provides a taxpayer can elect 
to treat 50% of the cost of ``qualified refinery property'' as a 
deductible expense not chargeable to capital account. The taxpayer 
makes an election under section 179C by entering the amount of the 
deduction at the appropriate place on the taxpayer's timely filed 
original federal income tax return for the taxable year in which the 
qualified refinery property is placed in service and by attaching a 
report specifying (a) the name and address of the refinery and (b) the 
production capacity requirement under which the refinery qualifies.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 120.

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

    Dated: January 8, 2018.
Spencer Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2018-00416 Filed 1-11-18; 8:45 am]
BILLING CODE 4830-01-P

Federal Register / Vol. 83, No. 9 / Friday, January 12, 2018 / Notices 1659

PENALTIES APPLICABLE TO FEDERAL SAVINGS ASSOCIATIONS
Maximum
penalty
U.S. Code citation CMP Description amount
(in Dollars) 1

12 U.S.C. 1464(v) ..................................... Reports of Condition:
1st Tier .................................................................................................................. 3,928
2nd Tier ................................................................................................................. 39,278
3rd Tier .................................................................................................................. 2 1,963,870

12 U.S.C. 1467(d) ..................................... Refusal of Affiliate to Cooperate in Examination ......................................................... 9,819
12 U.S.C. 1467a(r) ................................... Late/Inaccurate Reports:
1st Tier .................................................................................................................. 3,928
2nd Tier ................................................................................................................. 39,278
3rd Tier .................................................................................................................. 2 1,963,870

12 U.S.C. 1817(j)(16) ............................... Violation of Change in Bank Control Act:
Tier 1 ..................................................................................................................... 9,819
Tier 2 ..................................................................................................................... 49,096
Tier 3 ..................................................................................................................... 2 1,963,870

12 U.S.C. 1818(i)(2) 3 ............................... Violation of Law, Unsafe or Unsound Practice, or Breach of Fiduciary Duty:
Tier 1 ..................................................................................................................... 9,819
Tier 2 ..................................................................................................................... 49,096
Tier 3 ..................................................................................................................... 2 1,963,870

12 U.S.C. 1820(k)(6)(A)(ii) ........................ Violation of Post-Employment Restrictions:
Per violation .......................................................................................................... 323,027
12 U.S.C. 1832(c) ..................................... Violation of Withdrawals by Negotiable or Transferable Instruments for Transfers to 2,593
Third Parties:
Per violation.
12 U.S.C. 1884 ......................................... Violation of the Bank Protection Act ............................................................................ 285
12 U.S.C. 1972(2)(F) ................................ Violation of Provisions regarding Correspondent Accounts, Unsafe or Unsound
Practices, or Breach of Fiduciary Duty:
Tier 1 ..................................................................................................................... 9,819
Tier 2 ..................................................................................................................... 49,096
Tier 3 ..................................................................................................................... 2 1,963,870

15 U.S.C. 78u–2(b) ................................... Violations of Various Provisions of the Securities Act, the Securities Exchange Act,
the Investment Company Act, or the Investment Advisers Act:
1st Tier (natural person)—Per violation ................................................................ 9,239
1st Tier (other person)—Per violation .................................................................. 92,383
2nd Tier (natural person)—Per violation .............................................................. 92,383
2nd Tier (other person)—Per violation ................................................................. 461,916
3rd Tier (natural person)—Per violation ............................................................... 184,767
3rd Tier (other person)—Per violation .................................................................. 923,831
15 U.S.C. 1639e(k) ................................... Violation of Appraisal Independence Requirements:
First violation ......................................................................................................... 11,279
Subsequent violations ........................................................................................... 22,556
42 U.S.C. 4012a(f)(5) ............................... Flood Insurance:
Per violation .......................................................................................................... 2,133
1 Themaximum penalty amount is per day, unless otherwise indicated.
2 The maximum penalty amount for a federal savings association is the lesser of this amount or 1 percent of total assets.
3 These amounts also apply to statutes that cross-reference 12 U.S.C. 1818, such as 12 U.S.C. 2804, 3108, 3349, 4309, and 4717 and 15
U.S.C. 1607, 1681s, 1691c, and 1692l.

Dated: January 9, 2018. SUMMARY: The Department of the Budget, Attention: Desk Officer for
Karen Solomon, Treasury will submit the following Treasury, New Executive Office
Acting Senior Deputy Comptroller and Chief information collection requests to the Building, Room 10235, Washington, DC
Counsel, Office of the Comptroller of the Office of Management and Budget 20503, or email at OIRA_Submission@
Currency. (OMB) for review and clearance in OMB.EOP.gov and (2) Treasury PRA
[FR Doc. 2018–00521 Filed 1–11–18; 8:45 am] accordance with the Paperwork Clearance Officer, 1750 Pennsylvania
BILLING CODE 4810–33–P Reduction Act of 1995, on or after the Ave. NW, Suite 8142, Washington, DC
date of publication of this notice. The 20220, or email at PRA@treasury.gov.
public is invited to submit comments on
DEPARTMENT OF THE TREASURY these requests. FOR FURTHER INFORMATION CONTACT:
DATES: Comments should be received on
Copies of the submissions may be
Agency Information Collection obtained from Jennifer Quintana by
or before February 12, 2018 to be
sradovich on DSK3GMQ082PROD with NOTICES

Activities; Submission for OMB emailing PRA@treasury.gov, calling
assured of consideration.
Review; Comment Request; Multiple (202) 622–0489, or viewing the entire
IRS Information Collection Requests ADDRESSES: Send comments regarding
information collection request at
the burden estimate, or any other aspect
of the information collection, including www.reginfo.gov.
AGENCY:Departmental Offices, U.S.
Department of the Treasury. suggestions for reducing the burden, to SUPPLEMENTARY INFORMATION:
(1) Office of Information and Regulatory
ACTION: Notice.
Affairs, Office of Management and

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1660 Federal Register / Vol. 83, No. 9 / Friday, January 12, 2018 / Notices

Internal Revenue Service (IRS) exchange of S corporation stock is not Title: Form 8879–EX, IRS e-file
Title: Treaty-Based Return Position treated as ordinary income if the Signature Authorization for Forms 720,
Disclosure Under Section 6114 or shareholder attaches a statement to his 2290, and 8849.
7701(b). or her return containing information OMB Control Number: 1545–2081.
OMB Control Number: 1545–1354. establishing that the gain is not Type of Review: Reinstatement
Type of Review: Extension without attributable to section 1254 costs. without change of a previously
change of a currently approved Form: None. approved collection.
collection. Affected Public: Businesses or other Abstract: The Form 8879–EX, IRS e-
Abstract: Revenue Procedure 2010–19 for-profits. file Signature Authorization for Forms
Estimated Total Annual Burden 720, 2290, and 8849, will be used in the
provides guidance for individuals who
Hours: 1,000. Modernized e-File program. Form 8879–
emigrate from Canada and wish to make
an election for U.S. federal income tax Title: Rev. Proc. 99–21 Disability EX authorizes an a taxpayer and an
purposes. Form 8833 is used by Suspension. electronic return originator (ERO) to use
taxpayers to make the treaty-based OMB Control Number: 1545–1649. a personal identification number (PIN)
Type of Review: Extension without to electronically sign an electronic
return position disclosure required by
change of a currently approved excise tax return and, if applicable,
section 6114. The form must also be
collection. authorize an electronic funds
used by dual-resident taxpayers to make
Abstract: The information is needed withdrawal.
the treaty-based return position
to establish a claim that a taxpayer was Form: 8879–EX.
disclosure required by Regulations
financially disabled for purposes of Affected Public: Businesses or other
section 301.7701(b)–7.
section 6511(h) of the Internal Revenue for-profits.
Form: 8833.
Code (which was added by section 3203 Estimated Total Annual Burden
Affected Public: Businesses or other
of the Internal Revenue Service Hours: 46,800.
for-profits.
Estimated Total Annual Burden Restructuring and Reform Act of 1998). Title: Election to Expense Certain
Hours: 25,740. Under section 6511(h), the statute of Refineries.
limitations on claims for credit or OMB Control Number: 1545–2103.
Title: T.D. 8743, Sale of Residence refund is suspended for any period of an
from Qualified Personal Residence Type of Review: Extension without
individual taxpayer’s life during which change of a currently approved
Trust. the taxpayer is unable to manage his or
OMB Control Number: 1545–1485. collection.
her financial affairs because of a Abstract: The regulations provide
Type of Review: Extension without
medically determinable mental or guidance with respect to section 179C of
change of a currently approved
physical impairment, if the impairment the Internal Revenue Code, which
collection.
can be expected to result in death, or provides a taxpayer can elect to treat
Abstract: This document contains
has lasted (or can be expected to last) for 50% of the cost of ‘‘qualified refinery
previously approved final regulations
a continuous period of not less than 12 property’’ as a deductible expense not
permitting the reformation of a personal
months. Section 6511(h)(2)(A) requires chargeable to capital account. The
residence trust or a qualified personal
that proof of the taxpayer’s financial taxpayer makes an election under
residence trust in order to comply with
disability be furnished to the Internal section 179C by entering the amount of
the applicable requirements for such
Revenue Service. the deduction at the appropriate place
trusts. The final regulations also provide Form: None.
that the governing instruments of such on the taxpayer’s timely filed original
Affected Public: Individuals or federal income tax return for the taxable
trusts must prohibit the sale of a Households.
residence held in the trust to the grantor year in which the qualified refinery
Estimated Total Annual Burden
of the trust, the grantor’s spouse, or an property is placed in service and by
Hours: 24,100.
entity controlled by the grantor or the attaching a report specifying (a) the
Title: Continuation Sheet for Item # 15 name and address of the refinery and (b)
grantor’s spouse. (Additional Information) OF–306,
Form: None. the production capacity requirement
Declaration for Federal Employment. under which the refinery qualifies.
Affected Public: Individuals or OMB Control Number: 1545–1921.
Households. Form: None.
Type of Review: Extension without
Estimated Total Annual Burden Affected Public: Businesses or other
change of a currently approved
Hours: 625. for-profits.
collection.
Title: TD 8684—Treatment of Gain Abstract: Form 12114 is used by Estimated Total Annual Burden
From the Disposition of Interest in recruitment personnel of the Covington Hours: 120.
Certain Natural Resource Recapture Host Site. This form is provided to Authority: 44 U.S.C. 3501 et seq.
Property by S Corporations and Their applicants when completing OF 306, Dated: January 8, 2018.
Shareholders. Declaration for Federal Employment. It Spencer Clark,
OMB Control Number: 1545–1493. is used as a continuation sheet to clearly Treasury PRA Clearance Officer.
Type of Review: Extension without define additional information that is
change of a currently approved [FR Doc. 2018–00416 Filed 1–11–18; 8:45 am]
requested in item 15 of the OF 306. Due
collection. BILLING CODE 4830–01–P
to lack of space on the OF 306 this form
Abstract: This regulation prescribes can be used in lieu of an additional
rules under Code section 1254 relating
sradovich on DSK3GMQ082PROD with NOTICES

sheet of paper. The authority to request DEPARTMENT OF THE TREASURY
to the treatment by S corporations and this information is in 5 U.S.C. 3301 and
their shareholders of gain from the 3304. Debt Management Advisory Committee
disposition of natural resource recapture Form: 12114. Meeting
property and from the sale or exchange Affected Public: Individuals or
of S corporation stock. Section Households. Notice is hereby given, pursuant to 5
1.1254(c)(2) of the regulation provides Estimated Total Annual Burden U.S.C. App. 2, 10(a)(2), that a meeting
that gain recognized on the sale or Hours: 6,203. will be held at the Hay-Adams Hotel,

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Document Created: 2018-10-26 09:51:35
Document Modified: 2018-10-26 09:51:35

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 February 12, 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 1659