[Federal Register Volume 78, Number 27 (Friday, February 8, 2013)]
[Notices]
[Pages 9454-9455]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-02831]


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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.

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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 
Form 1024, Application for Recognition of Exemption Under Section 
501(a); Form 8038-T, Arbitrage Rebate and Penalty in Lieu of Arbitrage 
Rebate; the Tip Reporting Alternative Commitment Agreement (TRAC) for 
Use in the Food and Beverage Industry; the Tip Rate Determination 
Agreement (TRDA) for industries other than the food and beverage 
industry and the gaming industry; and Notice 2006-97, Taxation and 
Reporting of REIT Excess Inclusion Income.

DATES: Written comments should be received on or before April 9, 2013 
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: Application for Recognition of Exemption Under Section 
501(a).
    OMB Number: 1545-0057.
    Form Number: 1024.
    Abstract: Organizations seeking exemption from Federal income tax 
under Internal Revenue Code section 501(a) as an organization described 
in most paragraphs of section 501(c) must use Form 1024 to apply for 
exemption. The information collected is used to determine whether the 
organization qualifies for tax-exempt status.
    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: Not-for-profit institutions.
    Estimated Number of Respondents: 4,718.
    Estimated Time Per Respondent: 61 hrs., 47 min.
    Estimated Total Annual Burden Hours: 291,542.
    (2) Title: Arbitrage Rebate and Penalty in Lieu of Arbitrage 
Rebate.
    OMB Number: 1545-1219.
    Form Number: 8038-T.
    Abstract: Form 8038-T is used by issuers of tax exempt bonds to 
report and pay the arbitrage rebate and to elect and/or pay various 
penalties associated with arbitrage bonds. The issuers include state 
and local governments.
    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: State, local or tribal governments.
    Estimated Number of Respondents: 2,500.
    Estimated Time Per Respondent: 23 hrs., 10 min.
    Estimated Total Annual Reporting Burden hours: 57,900.
    (3) Title: Tip Reporting Alternative Commitment Agreement (TRAC) 
for Use in the Food and Beverage Industry.
    OMB Number: 1545-1549.
    Form Number: N/A.
    Abstract: Announcement 2000-22, 2000-19 I.R.B. 987, and 
Announcement 2001-1, 2001-2 I.R.B. p.277, contain Information 
required by the Internal Revenue Service in its compliance efforts to 
assist employers and their employees in understanding and complying 
with Internal Revenue Code section 6053(a), which requires employees to 
report all their tips monthly to their employers.
    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: 41,800.
    Estimated Time Per Respondent: 7 hrs., 6 min.
    Estimated Total Annual Burden Hours: 296,916.
    (4) Title: Tip Rate Determination Agreement (TRDA) for industries 
other than the food and beverage industry and the gaming industry.
    OMB Number: 1545-1717.
    Form Number: N/A.
    Abstract: Announcement 2000-20, 2000-19 I.R.B. 977, and 
Announcement 2001-1, 2001-2 I.R.B. p.277 contain information 
required by the Internal Revenue Service in its tax compliance efforts 
to assist employers and their employees in understanding and complying 
with Internal Revenue Code section 6053(a), which requires employees to 
report all their tips monthly to their employers.
    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: 100.
    Estimated Time per Respondent: 18 hrs., 58 min.
    Estimated Total Annual Burden Hours: 1,897.

    (5) Title: Taxation and Reporting of REIT Excess Inclusion Income.
    OMB Number: 1545-2036.
    Form Number: Notice 2006-97.
    Abstract: This notice requires certain REITs, partnerships and 
other entities that have excess inclusion income to disclose the amount 
and character of such income allocable to their record interest owners. 
The record interest owners need the information to properly report and 
pay taxes on such income.

[[Page 9455]]

    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: 50.
    Estimated Time per Respondent: 2 hr.
    Estimated Total Annual Burden Hours: 100.

    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: February 4, 2013.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2013-02831 Filed 2-7-13; 8:45 am]
BILLING CODE 4830-01-P