[Federal Register Volume 77, Number 197 (Thursday, October 11, 2012)]
[Notices]
[Pages 61829-61830]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-25043]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Information Collection 
Tools

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an 
existing final regulation, INTL-64-93 (TD 8611): Conduit Arrangements 
Regulations (Sec. Sec.  1.881-4 and 1.6038A-3); Form 8871, Political 
Organization Notice of Section 527 Status; Form 8453-X, Political 
Organization Declaration for Electronic Filing of Notice of Section 527 
Status; Revenue Ruling 2000-33, Deferred Compensation Plans of State 
and Local Governments and Tax-Exempt Organizations; Notice 2006-52, 
Deduction for Energy Efficient Commercial Buildings; and TD 9451, 
Guidance Necessary to Facilitate Business Election Filing.

DATES: Written comments should be received on or before December 10, 
2012 to be assured of consideration.

ADDRESSES: Direct all written comments to Yvette Lawrence, Internal 
Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224. Please send separate comments for each specific information 
collection listed below. You must reference the information 
collection's title, form number, reporting or record-keeping 
requirement number, and OMB number (if any) in your comment.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the collection tools should be directed to R. Joseph Durbala, 
Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202) 622-3634, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION: Currently, the IRS is seeking comments 
concerning the following information collection tools, reporting, and 
record-keeping requirements:
    (1) Title: Conduit Arrangements Regulations.
    OMB Number: 1545-1440.
    Form Number: INTL-64-93.
    Abstract: This regulation provides rules that permit the district 
director to recharacterize a financing arrangement as a conduit 
arrangement. The recharacterization will affect the amount of U.S. 
withholding tax due on financing transactions that are part of the 
financing arrangement. This regulation affects withholding agents

[[Page 61830]]

and foreign investors who engage in multi-party financing arrangements.
    Current Actions: There are no changes to the previously approved 
burden of this existing collection.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 1,000.
    Estimated Time Per Respondent: 10 min.
    Estimated Total Annual Burden Hours: 10,000.
    (2) Title: Form 8871, Political Organization Notice of Section 527 
Status; Form 8453-X, Political Organization Declaration for Electronic 
Filing of Notice of Section 527 Status.
    OMB Number: 1545-1693.
    Form Number: Forms 8871 and 8453-X.
    Abstract: Public Law 106-230 as amended by Public Law 107-276, 
amended Internal Revenue Code section 527(i) to require certain 
political organizations to provide information to the IRS regarding 
their name and address, their purpose, and the names and addresses of 
their officers, highly compensated employees, Board of Directors, and 
related entities within the meaning of section 168(h)(4)). Forms 8871 
and 8453-X are used to report this information to the IRS.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Not-for-profit institutions.
    Estimated Number of Respondents: 5,000.
    Estimated Time per Respondent: 7 hrs., 2 min.
    Estimated Total Annual Reporting Burden hours: 35,195.
    (3) Title: Deferred Compensation Plans of State and Local 
Governments and Tax-Exempt Organizations.
    OMB Number: 1545-1695.
    Form Number: Revenue Ruling 2000-33.
    Abstract: Revenue Ruling 2000-33 specifies the conditions the plan 
sponsor should meet to automatically defer a certain percentage of its 
employees' compensation into their accounts in an eligible deferred 
compensation plan.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Not-for-profit institutions, and state, local or 
tribal governments.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent: 60 min.
    Estimated Total Annual Burden Hours: 500.
    (4) Title: Deduction for Energy Efficient Commercial Buildings.
    OMB Number: 1545-2004.
    Form Number: Notice 2006-52.
    Abstract: This notice sets forth a process that allows the owner of 
energy efficient commercial building property to certify that the 
property satisfies the requirements of Sec.  179D(c)(1) and (d). This 
notice also provides a procedure whereby the developer of computer 
software may certify to the Internal Revenue Service that the software 
is acceptable for use in calculating energy and power consumption for 
purposes of Sec.  179D of the Code.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, Businesses and other 
for-profit organizations.
    Estimated Number of Respondents: 21,767.
    Estimated Time per Respondent: 1 hr., 40 min.
    Estimated Total Annual Burden Hours: 3,761.
    (5) Title: Guidance Necessary to Facilitate Business Election 
Filing.
    OMB Number: 1545-2019.
    Form Number: REG-161919-05.
    Abstract: This regulation provides guidance to taxpayers for 
determining which corporations are included in a controlled group of 
corporations.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 350,000.
    Estimated Time per Respondent: 45 min.
    Estimated Total Annual Burden Hours: 262,500.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: October 4, 2012.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2012-25043 Filed 10-10-12; 8:45 am]
BILLING CODE 4830-01-P