83 FR 52614 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests
DEPARTMENT OF THE TREASURY Federal Register Volume 83, Issue 201 (October 17, 2018)
Federal Register Volume 83, Issue 201 (October 17, 2018)
| Page Range | 52614-52616 | |
| FR Document | 2018-22554 |
[Federal Register Volume 83, Number 201 (Wednesday, October 17, 2018)] [Notices] [Pages 52614-52616] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-22554] ======================================================================= ----------------------------------------------------------------------- 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 November 16, 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 Leonard 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: Return by a U.S. Transferor of Property to a Foreign Corporation. OMB Control Number: 1545-0026. Type of Review: Revision of a currently approved collection. [[Page 52615]] Abstract: Form 926 is filed by any U.S. person who transfers certain tangible or intangible property to a foreign corporation to report information required by section 6038B. Form: 926. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 28,608. Title: Form 1099-R--Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. OMB Control Number: 1545-0110. Type of Review: Revision of a currently approved collection. Abstract: The Form 1099-DIV is used by the Service to insure that dividends are properly reported as required by Code section 6042 and that liquidation distributions are correctly reported as required by Code section 6043, and to determine whether payees are correctly reporting their income. Form: 1099-DIV. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 32,119,195. Title: Form 1099-R--Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. OMB Control Number: 1545-0119. Type of Review: Revision of a currently approved collection. Abstract: Form 1099-R is used to report distributions from pensions, annuities, profit-sharing or retirement plans, IRAs, and the surrender of insurance contracts. This information is used by IRS to verify that income has been properly reported by the recipient. Form: 1099-R. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 39,306,520. Title: Form 2210, Underpayment of Estimated Tax by Individuals, Estate, and Trusts; Form 2210-F, Underpayment of Estimated Tax by Farmers and Fishermen. OMB Control Number: 1545-0140. Type of Review: Reinstatement with change of a previously approved collection. Abstract: Internal Revenue Code section 6654 imposes a penalty for failure to pay estimated tax. These forms are used by taxpayers to determine whether they are subject to the penalty and to compute the penalty if it applies. The Service uses this information to determine whether the taxpayer is subject to the penalty, and to verify the penalty amount. Form: 2210, 2210-F. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 496,337. Title: Form 4684--Casualties and Thefts. OMB Control Number: 1545-0177. Type of Review: Revision of a currently approved collection. Abstract: Form 4684 is used by taxpayers to compute their gain or loss from casualties or thefts, and to summarize such gains and losses. The data is used to verify that the correct gain or loss has been computed. Form: 4684. Affected Public: Individuals or Households. Estimated Total Annual Burden Hours: 1,293,895. Title: Form 8233--Exemption From Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual. OMB Control Number: 1545-0795. Type of Review: Revision of a currently approved collection. Abstract: Compensation paid to a nonresident alien (NRA) individual for independent personal services (self-employment) is generally subject to 30% withholding or graduated rates. However, compensation may be exempt from withholding because of a U.S. tax treaty or personal exemption amount. Form 8233 is used to request exemption from withholding. Form: 8233. Affected Public: Individuals or Households. Estimated Total Annual Burden Hours: 669,211. Title: Form 8858--Information Return of U.S. Persons With Respect To Foreign Disregarded Entities; and Transactions Between Foreign Disregarded Entity of a Foreign Tax Owner and the Filer. OMB Control Number: 1545-0910. Type of Review: Revision of a currently approved collection. Abstract: Form 8858 and Schedule M (Form 8858) are used by certain U.S. persons that own a foreign disregarded entity (FDE) directly or, in certain circumstances, indirectly or constructively. The form and schedules are used to satisfy the reporting requirements of sections 6011, 6012, 6031, and 6038, and related regulations. Form: 8858, Sch M (F. 8858). Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 917,800. Title: Form 8621--Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. OMB Control Number: 1545-1002. Type of Review: Revision of a currently approved collection. Abstract: Form 8621 is filed by a U.S. shareholder who owns stock in a foreign investment company. The form is used to report income, make an election to extend the time for payment of tax, and to pay an additional tax and interest amount. The IRS uses Form 8621 to determine if these shareholders have correctly reported amounts of income, made the election correctly, and have correctly computed the additional tax and interest amount. Form: 8621. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 65,304. Title: Form 1098 Mortgage Interest Statement; TD 8571 (Formerly IA- 17-90) Reporting Requirements for Recipients of Points Paid on Residential Mortgages. OMB Control Number: 1545-1380. Type of Review: Revision of a currently approved collection. Abstract: To encourage compliance with the tax laws relating to the mortgage interest deduction, the regulations require the reporting on Form 1098 of points paid on residential mortgage. Only businesses that receive mortgage interest in the course of a trade or business are affected by this reporting requirement. Form: 1098. Affected Public: Individuals or Households. Estimated Total Annual Burden Hours: 19,211,581. Title: Form 8864--Biodiesel and Renewable Diesel Fuels Credit. OMB Control Number: 1545-1924. Type of Review: Extension without change of a currently approved collection. Abstract: Form 8864 is used to figure biodiesel and renewable diesel fuels credit and to claim the credit for the tax year in which the sale or use occurs. This credit consists of the biodiesel credit, renewable diesel credit, biodiesel mixture credit, renewable diesel mixture credit, and small agri-biodiesel producer credit. IRC section 40A provides a credit for biodiesel or qualified biodiesel mixtures. IRC section 38(b)(17) allows a nonrefundable income tax credit for businesses that sell or use biodiesel. The biodiesel and renewable diesel fuels credit is scheduled expired for fuel sold or used in calendar year 2017 only. Don't claim this credit for fuel sold or used after [[Page 52616]] 2017 on Form 8864 unless the credit is extended. Form: 8864. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 110. Authority: 44 U.S.C. 3501 et seq. Dated: October 11, 2018. Jennifer P. Quintana, Treasury PRA Clearance Officer. [FR Doc. 2018-22554 Filed 10-16-18; 8:45 am] BILLING CODE 4830-01-P
![52614 Federal Register / Vol. 83, No. 201 / Wednesday, October 17, 2018 / Notices
response in the 2018 NTD Policy common definition of willful or failure by fleet rather than by mode may
Manual. malicious destruction or defacement of increase the reporting burden. They
public or private property. requested that FTA clearly articulate
F. Change to Reporting Requirements FTA will implement the proposed how the more granular data set will be
for Non-Rail For-Profit Providers of definition adjustments. These changes used and allow the public to weigh if
Public Transportation will be reflected in the FY2018 NTD the utility of the data set balances the
FTA received two comments on the Policy Manual and NTD Glossary. potential cost and burden before making
proposed change to reporting In addition to clarifications to the any changes to the current metrics.
requirements for non-rail for-profit mechanical failure definitions, FTA
providers of public transportation. One asked for feedback on current utility of K. Jane Williams,
agency stated that the ‘‘safety of the major mechanical failure and other Acting Administrator.
passengers and good stewardship of any mechanical failure metrics. FTA also [FR Doc. 2018–22528 Filed 10–16–18; 8:45 am]
associate tax dollars is a higher priority’’ offered two scenarios for adjusting these BILLING CODE P
than protecting competitive advantage metrics and requested stakeholder
of for-profit providers. A second agency feedback on these scenarios. FTA
strongly opposed the change and stated provides a summary of the feedback DEPARTMENT OF THE TREASURY
that FTA failed to ‘‘provide any received below for stakeholder
evidence’’ of the assertion that reporting awareness. As the comments received Agency Information Collection
as a full reporter may compromise a did not indicate a consensus among Activities; Submission for OMB
company’s ability to successfully stakeholders on the best way to improve Review; Comment Request; Multiple
compete for business. They further the reporting of mechanical failures, IRS Information Collection Requests
expressed concern that most of the FTA is not proposing to make any
identified providers are in the New changes to reporting at this time. AGENCY: Departmental Offices, U.S.
York-Newark, NY-NJ-CT urbanized area As stated in the original notice, FTA Department of the Treasury.
and believed this change would is not recommending any further ACTION: Notice.
disproportionately reduce the changes to the major mechanical failure
Urbanized Area Formula apportionment and other mechanical failure definitions SUMMARY: The Department of the
for New York. They ‘‘urged FTA to at this time. FTA will use the feedback Treasury will submit the following
eliminate this proposal from further outlined below to inform any future information collection requests to the
consideration’’ or issue the proposal for changes to these data points. Office of Management and Budget
public comment along with additional One commenter recommended (OMB) for review and clearance in
detail for the public to review. adjusting the metric to track mean accordance with the Paperwork
FTA Response: FTA agrees that the distance between delays to better align Reduction Act of 1995, on or after the
safety of passengers and the good with industry practice and suggested date of publication of this notice. The
stewardship of public tax dollars are the changing the proposed definition of public is invited to submit comments on
highest priorities. Although, FTA does ‘‘other mechanical system failures’’ to these requests.
not believe that this proposal represents include ‘‘all failures.’’ DATES: Comments should be received on
any risk to the safety of transit Another commenter states that or before November 16, 2018 to be
passengers, FTA is sensitive to the collecting major mechanical system assured of consideration.
concerns expressed that this proposal failures by fleet rather than mode ADDRESSES: Send comments regarding
could primarily impact the New York- ‘‘would not be an issue’’ but this has the burden estimate, or any other aspect
Newark, NY-NJ-CT urbanized area. FTA limited utility to an agency because they of the information collection, including
is withdrawing this proposed change. measure reliability using a different suggestions for reducing the burden, to
Reporting requirements will remain the metric. The commenter suggests (1) Office of Information and Regulatory
same for non-rail, for-profit providers of changing the proposed definition of Affairs, Office of Management and
public transportation. ‘‘other mechanical system failures’’ to Budget, Attention: Desk Officer for
G. Clarification of Mechanical Failure include ‘‘all failures’’. Treasury, New Executive Office
Two commenters did not support Building, Room 10235, Washington, DC
Definitions
discontinuing reporting of other 20503, or email at OIRA_Submission@
FTA received five comments on the mechanical system failures. One stated OMB.EOP.gov and (2) Treasury PRA
clarification of mechanical failure that FTA should continue to collect it Clearance Officer, 1750 Pennsylvania
definitions and request for feedback on ‘‘with the intent to provide value to Ave. NW, Suite 8142, Washington, DC
potential definition changes. Two stakeholders’’ unless the financial 20220, or email at PRA@treasury.gov.
commenters support the proposed burden is excessive. The second stated
FOR FURTHER INFORMATION CONTACT:
definition change. One commenter that discontinuing the reporting of other
requested clarification on ‘‘vandalism.’’ Copies of the submissions may be
mechanical system failures would not
Specifically, they asked FTA to clarify obtained from Jennifer Leonard by
reduce agency burden to maintain and
whether a door defect caused by a emailing PRA@treasury.gov, calling
analyze failure data.
customer holding a door should be (202) 622–0489, or viewing the entire
One commenter stated that changing
considered vandalism under the information collection request at
the reporting threshold to failures
proposed definition. www.reginfo.gov.
requiring a work order would be
FTA Response: FTA clarifies that a inconsistent among agencies and would SUPPLEMENTARY INFORMATION:
daltland on DSKBBV9HB2PROD with NOTICES
door defect caused by normal not make reporting more consistent.
interaction with customers boarding and Internal Revenue Service (IRS)
One commenter recommended that
alighting the vehicle, including FTA discontinue the reporting of Title: Return by a U.S. Transferor of
attempting to hold a door to allow for ‘‘partially cancelled trains’’ as this may Property to a Foreign Corporation.
normal boarding and alighting would be a source of inconsistent reporting. OMB Control Number: 1545–0026.
not be considered ‘‘vandalism.’’ FTA’s A final commenter expressed concern Type of Review: Revision of a
use of the word vandalism was the that collecting major mechanical system currently approved collection.
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![52616 Federal Register / Vol. 83, No. 201 / Wednesday, October 17, 2018 / Notices
2017 on Form 8864 unless the credit is Advisory Committee Act that the Rashelle.Robinson@va.gov no later than
extended. National Research Advisory Council close of business on November 28, 2018.
Form: 8864. will hold a meeting on Wednesday, Because the meeting is being held in a
Affected Public: Businesses or other December 5, 2018, at 1100 First Street Government building, a photo I.D. must
for-profits. NE, Room 104, Washington, DC 20002. be presented at the Guard’s Desk as a
Estimated Total Annual Burden The meeting will convene at 9:00 a.m. part of the clearance process. Any
Hours: 110. and end at 3:30 p.m. This meeting is member of the public seeking additional
Authority: 44 U.S.C. 3501 et seq. open to the public. information should contact Rashelle
Dated: October 11, 2018. The agenda will include information Robinson at the phone number or email
Jennifer P. Quintana, technology challenges, career address noted above.
Treasury PRA Clearance Officer.
development and merit awards,
roadmaps overview, clinical trials, and Dated: October 12, 2018.
[FR Doc. 2018–22554 Filed 10–16–18; 8:45 am] LaTonya L. Small,
cooperative research and development
BILLING CODE 4830–01–P
agreements (CRADA). No time will be Federal Advisory Committee Management
allocated at this meeting for receiving Officer.
oral presentations from the public. [FR Doc. 2018–22664 Filed 10–16–18; 8:45 am]
DEPARTMENT OF VETERANS Members of the public wanting to attend BILLING CODE P
AFFAIRS may contact Rashelle Robinson,
Designated Federal Officer, Office of
National Research Advisory Council;
Research and Development (10P9),
Notice of Meeting
Department of Veterans Affairs, 810
The Department of Veterans Affairs Vermont Avenue NW, Washington, DC
(VA) gives notice under the Federal 20420, at (202) 443–5668, or by email at
daltland on DSKBBV9HB2PROD with NOTICES
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Document Created: 2018-10-17 01:47:47
Document Modified: 2018-10-17 01:47:47
| 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 November 16, 2018 to be assured of consideration. | |
| Contact | Copies of the submissions may be obtained from Jennifer Leonard by emailing [email protected], calling (202) 622-0489, or viewing the entire information collection request at www.reginfo.gov. | |
| FR Citation | 83 FR 52614 |
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