[Federal Register Volume 78, Number 181 (Wednesday, September 18, 2013)]
[Notices]
[Pages 57456-57457]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-22647]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

September 12, 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 October 18, 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 may be found at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Number: 1545-1068.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: INTL-362-88 (T.D. 8618) Definition of a Controlled Foreign 
Corporation, Foreign Base Company Income, and Foreign Personal Holding 
Company Income of a Controlled Foreign Corporation.
    Abstract: The election and recordkeeping requirements are necessary 
to exclude certain high-taxed or active business income from subpart F 
income or to include certain income in the appropriate category of 
subpart F income. The recordkeeping and election procedures allow the 
U.S. shareholders and the IRS to know the amount of the controlled 
foreign corporation's subpart F income.
    Affected Public: Private Sector: Businesses and other for-profits.
    Estimated Annual Burden Hours: 50,417.

    OMB Number: 1545-1296.
    Type of Review: Extension without change of a currently approved 
collection.
    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.
    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 regulations provide reporting and 
recordkeeping requirements related to return, payments, and deposits of 
tax for excise taxes currently reportable on Form 720.
    Affected Public: Private Sector: Businesses and other for-profits.
    Estimated Annual Burden Hours: 242,350.

    OMB Number: 1545-1574.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Tuition Payments Statement.
    Form: 1098-T.
    Abstract: Section 6050S of the Internal Revenue Code requires 
eligible education institutions to report certain information regarding 
tuition payments to the IRS and to students. Form 1098-T has been 
developed to meet this requirement.
    Affected Public: Private Sector: Businesses and other for-profits; 
Not-for-profit institutions.
    Estimated Annual Burden Hours: 4,848,090.

    OMB Number: 1545-1721.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Taxable REIT Subsidiary Election.
    Form: 8875.

[[Page 57457]]

    Abstract: A corporation and a REIT use Form 8875 to jointly elect 
to have the corporation treated as a taxable REIT subsidiary as 
provided in 26 U.S.C. section 856(l).
    Affected Public: Private Sector: Businesses and other for-profits.
    Estimated Annual Burden Hours: 9,980.

    OMB Number: 1545-1862.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Information Regarding Request for Refund of Social Security 
Tax Erroneously Withheld on Wages Received by a Nonresident Alien on an 
F, J, or M Type Visa.
    Form: 8316.
    Abstract: Certain foreign students and other nonresident visitors 
are exempt from FICA tax for services performed as specified in the 
Immigration and Naturalization Act. Applicants for refund of this FICA 
tax withheld by their employer must complete Form 8316 to verify that 
they are entitled to a refund of the FICA, that the employer has not 
paid back any part of the tax withheld and that the taxpayer has 
attempted to secure a refund from his/her employer.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 5,500.

    OMB Number: 1545-1873.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2004-15, Waivers of Minimum Funding 
Standards.
    Abstract: This revenue procedure describes the process for 
obtaining a waiver from the minimum funding standards set forth in 
section 412 of the Code.
    Affected Public: Private Sector; Businesses or other for-profits.
    Estimated Annual Burden Hours: 4,730.

    OMB Number: 1545-2041.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Expenses Paid by Certain Whaling Captains in Support of 
Native Alaskan Subsistence Whaling.
    Abstract: This document provides guidelines under Sec.  170(n) for 
substantiating certain expenses of carrying out sanctioned whaling 
activities.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 48.

    OMB Number: 1545-2043.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: IRS e-file Signature Authorization for Form 1065-B.
    Form: 8879-B.
    Abstract: Form 8879-B is used when a personal identification number 
(PIN) is used to electronically sign the electronic tax return, and, if 
applicable, consent to an electronic funds withdrawal.
    Affected Public: Private Sector; Businesses or other for-profits.
    Estimated Annual Burden Hours: 273.
    OMB Number: 1545-2044.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Rev. Proc. 2006-54, Procedures for Requesting Competent 
Authority Assistance Under Tax Treaties.
    Abstract: Taxpayers who believe that the actions of the United 
States, a treaty country, or both, result or will result in taxation 
that is contrary to the provisions of an applicable tax treaty are 
required to submit the requested information in order to receive 
assistance from the IRS official acting as the U.S. competent 
authority. The information is used to assist the taxpayer in reaching a 
mutual agreement with the IRS and the appropriate foreign competent 
authority.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 9,000.
    OMB Number: 1545-2047.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Rev. Proc. 2007-21--Regarding Secs. 6707 or 6707A; 
Rescission Request Procedures.
    Abstract: This revenue procedure provides guidance to persons who 
are assessed a penalty under section 6707A or 6707 of the Internal 
Revenue Code, and who may request rescission of those penalties from 
the Commissioner.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 430.
    OMB Number: 1545-2049.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2006-107--Diversification Requirements for Qualified 
Defined Contribution Plans Holding Publicly Traded Employer Securities.
    Abstract: This notice contains model forms that may be used by 
employers to notify plan participants of their diversification rights 
under sections 901 and 507 of the Pension Protection Act of 2006.
    Affected Public: Private Sector; Businesses or other for-profits.
    Estimated Annual Burden Hours: 7,725.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2013-22647 Filed 9-17-13; 8:45 am]
BILLING CODE 4830-01-P