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)

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, 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.

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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