[Federal Register Volume 78, Number 210 (Wednesday, October 30, 2013)]
[Notices]
[Pages 65042-65044]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-25625]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

October 24, 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 November 29, 2013 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 8141-D, 
Washington, DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be 
obtained by calling (202) 622-1295, email at [email protected], or the 
entire information collection request may be found at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Number: 1545-0201.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Request for Change in Plan/Trust Year.
    Form: 5308.
    Abstract: Form 5308 is used to request permission to change the 
plan or trust year for a pension benefit plan. The information 
submitted is used in determining whether IRS should grant permission 
for the change.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 339.

    OMB Number: 1545-0786.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8110--Sanctions on Issuers and Holders of Registration-
Required Obligations Not in Registered Form.
    Abstract: The Internal Revenue Service needs the information in 
order to ensure that purchasers of bearer obligations are not U.S. 
persons (other than those permitted to hold obligations under section 
165(j)) and to ensure that U.S. persons holding bearer obligations 
properly report income and gain on such obligations. The people 
reporting will be institutions holding bearer obligations.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 39,742.

    OMB Number: 1545-0823.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 7925--Indian Tribal Governments Treated As States For 
Certain Purposes.
    Abstract: The governing body of a tribe, band, pueblo, community, 
village or group of Indians, or Alaska Natives, will qualify as an 
Indian tribal government upon a determination by the Internal Revenue 
Service that such governing body exercises governmental functions. 
Designation of a governing body as an Indian tribal government will be 
by revenue procedure. If a governing body is not currently designated 
by the applicable revenue procedure as an Indian tribal government, and 
such governing body believes that it qualifies for such designation, 
the governing body may apply for a ruling from the Internal Revenue 
Service. Such governing body will qualify as an Indian tribal 
government, for purposes of these regulations, only upon obtaining a 
favorable ruling from the Internal Revenue Service.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Annual Burden Hours: 25.

    OMB Number: 1545-0954.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Return for Nuclear Decommissioning Funds and Certain Related 
Persons.
    Form: 1120-ND.
    Abstract: A nuclear utility files Form 1120-ND to report the income 
and taxes of a fund set up by the public utility to provide cash for 
the dismantling of the nuclear power plant. The IRS uses Form 1120-ND 
to determine if the fund income taxes are correctly computed and if a 
person related to the fund or the nuclear utility must pay taxes on 
self-dealing.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 3,259.

    OMB Number: 1545-1013.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Return of Excise Tax on Undistributed Income of Real Estate 
Investment Trusts.
    Form: 8612.
    Abstract: Form 8612 is used by real estate investment trusts to 
compute and pay the excise tax on undistributed income imposed under 
section 4981. IRS uses the information to verify that the correct 
amount of tax has been reported.
    Affected Public: Private Sector: Businesses or other for-profits.

[[Page 65043]]

    Estimated Annual Burden Hours: 196.

    OMB Number: 1545-1270.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8421--Gasoline Excise Tax (PS-120-90); TD 8609--Gasohol; 
Compressed Natural Gas (PS-66-93).
    Abstract: TD 8609: This regulation relates to gasohol blending and 
the tax on compressed natural gas (CNG). The sections relating to 
gasohol blending affect certain blenders, enterers, refiners, and 
throughputters. The sections relating to CMG affect persons that sell 
or buy CNG for use as a fuel in a motor vehicle or motorboat. TD 8421: 
This regulation relates to the federal excise tax on gasoline. It 
affects refiners, importers, and distributors of gasoline and provides 
guidance relating to taxable transactions, persons liable for tax, 
gasoline blendstocks, and gasohol.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 366.

    OMB Number: 1545-1338.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8578--Election Out of Subchapter K for Producers of 
Natural Gas.
    Abstract: This regulation contains certain requirements that must 
be met by co-producers of natural gas subject to a joint operating 
agreement in order to elect out of subchapter K of chapter 1 of the 
Internal Revenue Code. Under section 1.761-2(d)(5)(i), gas producers 
subject to gas balancing agreements on the regulation's effective date 
are to file Form 3115 and certain additional information to obtain the 
Commissioner's consent to a change in method of accounting to either of 
the two new permissible accounting methods in the regulations.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 5.

    OMB Number: 1545-1354.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Treaty-Based Return Position Disclosure Under Section 6114 
or 7701(b).
    Form: 8833.
    Abstract: Revenue Procedure 2010-19 provides guidance for 
individuals who emigrate from Canada and wish to make an election for 
U.S. federal income tax purposes. Form 8833 is used by taxpayers to 
make the treaty-based return position disclosure required by section 
6114. The form must also be used by dual-resident taxpayers to make the 
treaty-based return position disclosure required by Regulations section 
301.7701(b)-7.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 25,740.

    OMB Number: 1545-1722.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Extraterritorial Income Exclusion.
    Form: 8873.
    Abstract: A taxpayer uses Form 8873 to claim the gross income 
exclusion provided for by section 114 of the Internal Revenue Code.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 19,087,500.

    OMB Number: 1545-1726.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Practice Before the Internal Revenue Service.
    Form: 14360, 14364, 14392.
    Abstract: These regulations affect individuals who are eligible to 
practice before the Internal Revenue Service. These regulations also 
authorize the Director of Practice to act upon applications for 
enrollment to practice before the Internal Revenue Service. The 
Director of Practice will use certain information to ensure that: 1) 
enrolled agents properly complete continuing education requirements to 
obtain renewal; 2) practitioners properly obtain consent of taxpayers 
before representing conflicting interests; 3) practitioners do not use 
e-commerce to make misleading solicitations. REG-138637-07 contains 
proposed modifications revising the regulations governing practice 
before the Internal Revenue Service (IRS). The proposed regulations 
affect individuals who practice before the IRS and providers of 
continuing education programs. The proposed regulations modify the 
general standards of practice before the IRS and the standards with 
respect to tax returns.
    Affected Public: Individuals or Households; Private Sector: 
Businesses or other for-profits.
    Estimated Annual Burden Hours: 1,774,375.

    OMB Number: 1545-1748.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-106917-99 (Final) Changes in Accounting Periods.
    Abstract: Section 1.441-2(b)(1) requires certain taxpayers to file 
statements on their federal income tax returns to notify the 
Commissioner of the taxpayers' election to adopt a 52-53 week taxable 
year. Section 1.442-1(b)(4) provides that certain taxpayers must 
establish books and records that clearly reflect income for the short 
period involved when changing their taxable year to a fiscal taxable 
year. Section 1.442-1(d) requires a newly married husband or wife to 
file a statement with their short period return when changing to the 
other spouse's taxable year.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 500.

    OMB Number: 1545-2147.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Internal Revenue Code Section 108(i) Election.
    Abstract: Pub. L. 111-5 (American Recovery and Reinvestment Act), 
Section 1231 requires taxpayers to attach an election statement to the 
taxpayer's tax return to obtain a tax benefit. Information on how to 
make the election and what the statement must include must be published 
as early as possible to allow taxpayers sufficient time to determine 
whether to make the election and timely prepare and file their tax 
returns.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 300,000.

    OMB Number: 1545-2167.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2010-28, Stripping Transactions for Qualified Tax 
Credit Bonds.

[[Page 65044]]

    Abstract: The IRS requires the information to ensure compliance 
with the tax credit bond credit coupon stripping requirements, 
including ensuring that no excess tax credit is taken by holders of 
bonds and coupons strips. The information is required in order to 
inform holders of qualified tax credit bonds whether the credit coupons 
relating to those bonds may be stripped as provided under Sec.  54A(i). 
The respondents are issuers of tax credit bonds, including states and 
local governments and other eligible issuers.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Annual Burden Hours: 1,000.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2013-25625 Filed 10-29-13; 8:45 am]
BILLING CODE 4810-01-P