83 FR 30224 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests

DEPARTMENT OF THE TREASURY

Federal Register Volume 83, Issue 124 (June 27, 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 124 (Wednesday, June 27, 2018)]
[Notices]
[Pages 30224-30225]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-13780]


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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 July 27, 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:

Internal Revenue Service (IRS)

    Title: Form 982--Reduction of Tax Attributes Due to Discharge of 
Indebtedness (and Section 1082 Basis Adjustment).
    OMB Control Number: 1545-0046.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Internal Revenue Code section 108 allows taxpayers to 
exclude from gross income amounts attributable to discharge of 
indebtedness in title 11 cases, insolvency, or qualified farm 
indebtedness. Code section 1081(b) allows corporations to exclude from 
gross income amounts attributable to certain transfers of property. The 
data is used to verify adjustments to basis of property and reduction 
of tax attributes.
    Form: Form 982.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 7,491.
    Title: Declaration and Signature for Electronic and Magnetic Media 
Filing Forms: F-8453-EMP, F-8453-FE, F-8879-EMP and F-8879-F.
    OMB Control Number: 1545-0967.
    Type of Review: Revision of a currently approved collection.
    Abstract: Form 8453-EMP is used to authenticate an electronic 
return originator (ERO), if any, to transmit by way of third-party.
    Form 8453-FE is used to authenticate the electronic Form 1041, U.S. 
Income Tax Return for Estates and Trusts, authorize the electronic 
filer to transmit via a third-party transmitter, and authorize an 
electronic fund withdrawal for payment of federal taxes owed.
    Form 8879-EMP is used if a taxpayer and the electronic return 
originator (ERO) want to use a personal identification number (PIN) to 
electronically sign an electronic employment tax return.
    Form 8879-F is used by an electronic return originator when the 
fiduciary wants to use a personal identification number to 
electronically sign an estate's or trust's electronic income tax 
return, and if applicable consent to electronic funds withdrawal.
    Forms: 8879-F, 8453-FE, 8453-EMP, 8879-EMP.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 53,783,747.
    Title: PS-27-91 (TD 8442) Procedural Rules for Excise Taxes 
Currently Reportable on Form 720; PS-8-95 (TD 8685) Deposits of Excise 
Taxes.
    OMB Control Number: 1545-1296.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Internal Revenue Code section 6302(c) authorizes the use 
of Government depositaries for the receipt of taxes imposed under the 
internal revenue laws. These previously approved regulations provide 
reporting and recordkeeping requirements related to return, payments, 
and deposits of tax for excise taxes currently reportable on Form 720.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 242,350.
    Title: Revenue Procedure 2000-12, Application Procedures for 
Qualified Intermediary Status under Section 1441; Final Qualified 
Intermediary Withholding Agreement.
    OMB Control Number: 1545-1597.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Previously approved, Revenue Procedure 2000-12 describes 
application procedures for becoming a qualified intermediary and the 
requisite agreement that a qualified intermediary must execute with the 
IRS. The information will be used by the IRS to ensure compliance with 
the U.S. withholding system under the 1441 regulations (especially 
proper entitlement to treaty benefits). Revenue Procedure 2003-64 
amends Revenue Procedure 2000-12. Revenue Procedure 2014-39 modifies 
Revenue Procedure 2000-12. Revenue Procedure 2014-47 modifies Revenue 
Procedure 2003-64.
    Form: 15345.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 301,018.
    Title: Credits for Affected Disaster Area Employers.
    OMB Control Number: 1545-1978.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 5884-A is used to figure the employee retention 
credit that an eligible employer who conducted an active trade or 
business in the Hurricane Harvey, Irma, or Maria disaster zones may 
claim. The credit is equal to 40 percent of qualified wages for each 
eligible employee (up to a maximum of $6,000 in qualified wages per 
employee). Public Law 115-63, section 503 was enacted 9-29-17 and is 
the authorizing statute for this collection.
    Form: 5884-A.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 760,000.
    Title: TD 9451--Guidance Necessary To Facilitate Business Election 
Filing; Finalization of Controlled Group Qualification Rules, TD 9759-
Limitations on the Importation of Net Built-In Losses.

[[Page 30225]]

    OMB Control Number: 1545-2019.
    Type of Review: Revision of a currently approved collection.
    Abstract: This document contains a previously approved final 
regulation that provides guidance to taxpayers for determining which 
corporations are included in a controlled group of corporations. REG-
161948-05 contains proposed regulations under sections 334(b)(1)(B) and 
362(e)(1) of the Internal Revenue Code of 1986 (Code). The proposed 
regulations apply to certain non-recognition transfers of loss property 
to corporations that are subject to Federal income tax. The proposed 
regulations affect the corporations receiving the loss property.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 375,000.
    Title: Form 14095--The Health Coverage Tax Credit (HCTC) 
Reimbursement Request Form.
    OMB Control Number: 1545-2152.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This form will be used by HCTC participants to request 
reimbursement for health plan premiums paid prior to the commencement 
of advance payments.
    Form: 14095.
    Affected Public: Individuals or households.
    Estimated Total Annual Burden Hours: 2,039.
    Title: Form 8038-TC--Information Return for Tax Credit Bonds.
    OMB Control Number: 1545-2160.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 8038-TC will be used by issuers of qualified tax-
exempt credit bonds, including tax credit bonds enacted under the 
American Recovery and Reinvestment Act of 2009, to capture information 
required by IRC section 149(e) using a schedule approach. For 
applicable types of bond issues, filers will use this form instead of 
Form 8038, Information Return for Tax-Exempt Private Activity Bond 
Issues.
    Form: 8038-TC.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Annual Burden Hours: 20,294.
    Title: Offshore Voluntary Disclosure Program (OVDP).
    OMB Control Number: 1545-2241.
    Type of Review: Revision of a currently approved collection.
    Abstract: The information provided on the submission form will be 
used to assist in timely determination of acceptance into the Voluntary 
Disclosure Program. Taxpayers with undisclosed foreign accounts or 
entities should make a voluntary disclosure because it enables them to 
become compliant, avoid substantial civil penalties and generally 
eliminate the risk of criminal prosecution, including penalty sections 
6651, 6035, 6038, 6046, 6048, 6651, and 6662.
    Forms: 14467, 14708, 14654, 14653, 15023.
    Affected Public: Individuals or households.
    Estimated Total Annual Burden Hours: 863,638.
    Title: 2018-2021 IRS Customer Satisfaction Surveys.
    OMB Control Number: 1545-2250.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Surveys conducted under this clearance are used by the 
Internal Revenue Service to determine levels of customer satisfaction 
as well as determining issues that contribute to customer burden. This 
information will be used to make quality improvements to products and 
services. Collecting, analyzing, and using customer opinion data is a 
vital component of IRS's Balanced Measures Approach, as mandated by 
Internal Revenue Service Reform and Restructuring Act of 1998 and 
Executive Order 12862.
    Form: None.
    Affected Public: Individuals or households.
    Estimated Total Annual Burden Hours: 35,550.
    Title: Form 8904--Credit for Oil and Gas Production from Marginal 
Wells.
    OMB Control Number: 1545-2278.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Public Law 108-357, Title III, Subtitle C, section 341(a) 
has caused IRS to develop a credit for oil and gas production from 
marginal wells, which is reflected on Form 8904 and its instructions. 
Tax year 2017 will be the first year Form 8904 and its instructions 
will be released.
    Form: 8904.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 59,200.

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

    Dated: June 21, 2018.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2018-13780 Filed 6-26-18; 8:45 am]
 BILLING CODE 4830-01-P