[Federal Register Volume 78, Number 143 (Thursday, July 25, 2013)]
[Notices]
[Pages 45012-45013]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-17911]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 22, 2013.
    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, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before August 26, 2013 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestion 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 8140, Washington, DC 20220, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be 
obtained by calling (202) 927-5331, email at [email protected], or the 
entire information collection request maybe found at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Number: 1545-0117.
    Type of Review: Revision of a currently approved collection.
    Title: Original Issue Discount.
    Form: 1099-OID.
    Abstract: Form 1099-OID is used for reporting original issue 
discount as required by section 6049 of the Internal Revenue Code. It 
is used to verify that income earned on discount obligations is 
properly reported by the recipient.
    Affected Public: Private sector; businesses or other for-profits.
    Estimated Annual Burden Hours: 526,730.

    OMB Number: 1545-0889.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Disclosure Statement and Regulation Disclosure Statement.
    Form: 8275, 8275-R.
    Abstract: IRC section 6662 imposes accuracy related penalties for 
substantial understatement of tax liability or negligence or disregard 
of rules and regulations. Section 6694 imposes similar penalties on 
return preparers. Regulations section 1.6662-4(e) and (f) provide for 
reduction of these penalties if adequate disclosure of the tax 
treatment is made on Form 8275 or, if the position is contrary to a 
regulation on Form 8275-R.
    Affected Public: Private sector; Businesses and other for-profits.
    Estimated Annual Burden Hours: 3,716,664.

    OMB Number: 1545-1379.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Excise Taxes on Excess Inclusions of REMIC Residual 
Interests.
    Form: 8831.
    Abstract: Form 8831 is used by a real estate mortgage investment 
conduit (REMIC) to figure its excise tax liability under Code sections 
860E(e)(1), 860E(e)(6), and 860E(e)(7). IRS uses the information to 
determine the correct tax liability of the REMIC.
    Affected Public: Private sector; businesses and other for-profits.
    Estimated Annual Burden Hours: 237.

    OMB Number: 1545-1271.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-209035-86 (Final) Stock Transfer Rules; REG-208165-91 
(Final) Certain Transfers of Stock or Securities by U.S. Persons to 
Foreign Corporations and Related Reporting Requirements.
    Abstract: A U.S. person must generally file a gain recognition 
agreement with the IRS in order to defer gain on a section 367(a) 
transfer of stock to a foreign corporation, and must file a notice with 
the Service if it realizes any income in a section 367(b) exchange. 
These requirements ensure compliance with the respective Code sections.
    Affected Public: Private sector; businesses and other for-profits.
    Estimated Annual Burden Hours: 2,390.

    OMB Number: 1545-1449.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8652--Cash Reporting by Court Clerks.
    Abstract: Section 60501(g) imposes a reporting requirement on 
criminal court clerks that receive more than $10,000 in cash as bail. 
The IRS will use the information to identify individuals with large 
cash incomes. Clerks must also furnish the information to the United 
States Attorney for the jurisdiction in which the individual charged 
with the crime resides and to each person posting the bond whose name 
appears on Form 8300.
    Affected Public: Federal government.
    Estimated Annual Burden Hours: 125.

    OMB Number: 1545-1566.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 97-66, Certain Payments Made Pursuant to a Securities 
Lending Transaction; Notice 2010-46, Prevention of Over-Withholding and 
U.S. Tax Avoidance With Respect to Certain Substitute Dividend 
Payments.
    Abstract: Notice 97-66 modifies final regulations which are 
effective November 14, 1997. The Notice relaxes the statement 
requirement with respect to substitute interest payments relating to 
securities loans and repurchased transactions. It also provides a 
withholding mechanism to eliminate excessive withholding on multiple 
payments in a chain of substitute dividend payments. Notice 2010-46 
modifies Notice 97-66, by providing necessary information to ensure 
taxpayers are not subject to excessive tax pursuant to IRC section 
871(l). The information will allow a withholding agent to make a 
substitute dividend payment to certain counterparties in a series of 
securities lending transactions without withholding and depositing 
additional excessive tax.
    Affected Public: Private sector; businesses and other for-profits.
    Estimated Annual Burden Hours: 62,750.

    OMB Number: 1545-1572.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8775--Election Not to Apply Look-Back Methods in De 
Minimis Cases (REG-120200-97).
    Abstract: The regulation requires taxpayers to attach a 
notification statement to their returns when they elect not to apply 
the look-back method to long-term contracts in de minimis cases.
    Affected Public: Private sector; businesses or other for-profits.

[[Page 45013]]

    Estimated Annual Burden Hours: 4,000.

    OMB Number: 1545-1590.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-251698-96 (TD 8869-Final) Subchapter S Subsidiaries.
    Abstract: The IRS will use the information provided by taxpayers to 
determine whether a corporation should be treated as an S corporation, 
a C Corporation, or an entity that is disregarded for federal tax 
purposes. The collection of information covered in the regulation is 
necessary for a taxpayer to obtain, retain, or terminate S corporation 
treatment.
    Affected Public: Private sector; businesses or other for-profits.
    Estimated Annual Burden Hours: 10,110.

    OMB Number: 1545-1738.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2001-29, Leveraged Leases.
    Abstract: Revenue Procedure 2001-29 sets forth the information and 
representations required to be furnished by taxpayers in requests for 
an advance ruling that a leveraged lease transaction is, in fact, a 
valid lease for federal income tax purposes.
    Affected Public: Private sector; businesses or other for-profits.
    Estimated Annual Burden Hours: 800.

    OMB Number: 1545-1823.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: e-Services Registration TIN Matching--Application and 
Screens for TIN Matching Interactive/e-Services Products.
    Form: 13350.
    Abstract: E-services is a system which will permit the Internal 
Revenue Services to electronically communicate with third party users 
to support electronic filing and resolve tax administration issues for 
practitioners, payers, states, and Department of Education Contractors 
Registration is required to authenticate users that plan to access e-
services products. This system is a necessary outgrowth of advanced 
information and communication technologies. TIN Matching is one of the 
products available through e-Services offered via the internet and 
accessible through the irs.gov Web site.
    Affected Public: Private sector; businesses or other for-profits.
    Estimated Annual Burden Hours: 3,670,000.

    OMB Number: 1545-1868.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-116664-01 (TD 9300--Final) Guidance to Facilitate 
Business Electronic Filing.
    Abstract: These regulations remove certain impediments to the 
electronic filing of business tax returns and other forms. The 
regulations reduce the number of instances in which taxpayers must 
attach supporting documents to their tax returns. The regulations also 
expand slightly the required content of a statement certain taxpayers 
must submit with their returns to justify deductions for charitable 
contributions.
    Affected Public: Private sector; businesses or other for-profits.
    Estimated Annual Burden Hours: 250,000.

    OMB Number: 1545-1876.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-166012-02 (NPRM) National Contracts; Contingent 
Nonperiodic Payments.
    Abstract: The collection of information in the proposed regulations 
is in Sec. 1.446-3(g)(6)(vii) of the Income Tax Regulations, requiring 
Taxpayers to maintain in their books and records a description of the 
method used to determine the projected amount of a contingent payment, 
the projected payment schedules, and the adjustments taken into account 
under the proposed regulations. The information is required by the IRS 
to verify compliance with section 446 of the Internal Revenue Code and 
the method of accounting described in Sec. 1.446-3(g)(6).
    Affected Public: Private sector; businesses or other for-profits.
    Estimated Annual Burden Hours: 25,500.

    OMB Number: 1545-2033.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2006-83, Chapter 11 Bankruptcy Cases.
    Abstract: The IRS needs bankruptcy estates and individual chapter 
11 debtors to allocate post-petition income and tax withholding between 
the estate and the debtor. The IRS will use the information in 
administering the internal revenue laws. Respondents will be individual 
debtors and their bankruptcy estates for chapter 11 cases filed after 
October 16, 2005.
    Affected Public: Individuals or households.
    Estimated Annual Burden Hours: 1,500.

    OMB Number: 1545-2183.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-209006-89--Transfers by Domestic Corporations That Are 
Subject to Section 367(a)(5); Distributions by Domestic Corporations 
That Are Subject to Section 1248(f) (TD 9614 & 9615).
    Abstract: The income tax regulations under section 367(a) reflect 
changes made by the Technical and Miscellaneous Corrections Act of 
1988. Section 367(a)(5) provides that a transfer of assets to a foreign 
corporation in an exchange described in section 361 is subject to 
section 367(a)(1), unless certain ownership requirements and other 
conditions are met.
    Affected Public: Private sector; businesses or other for-profits.
    Estimated Annual Burden Hours: 3,260.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2013-17911 Filed 7-24-13; 8:45 am]
BILLING CODE 4830-01-P