[Federal Register Volume 78, Number 223 (Tuesday, November 19, 2013)]
[Notices]
[Pages 69527-69529]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-27732]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Information Collection; Comment Request

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)).

DATES: Written comments should be received on or before January 21, 
2014 to be assured of consideration.

ADDRESSES: Direct all written comments to Yvette B. 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: To obtain additional information, or copies of 
the information collection and instructions, or copies of any comments 
received, contact Elaine Christophe, at (202) 622-3179, or at Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224, or through the internet, at [email protected].

SUPPLEMENTARY INFORMATION: 

Request for Comments

    The Department of the Treasury and the Internal Revenue Service, as 
part of their continuing effort to reduce paperwork and respondent 
burden, invite the general public and other Federal agencies to take 
this opportunity to comment on the

[[Page 69528]]

proposed or continuing information collections listed below in this 
notice, as required by the Paperwork Reduction Act of 1995, (44 U.S.C. 
3501 et seq.).
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in our request for Office of 
Management and Budget (OMB) approval of the relevant information 
collection. All comments will become a matter of public record. Please 
do not include any confidential or inappropriate material in your 
comments.
    We invite comments on: (a) Whether the collection of information is 
necessary for the proper performance of the agency's functions, 
including whether the information has 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 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 the 
requested information.
    Currently, the IRS is seeking comments concerning the following 
forms, and reporting and recordkeeping requirements:

    Title: Direct Rollovers and 20-Percent Withholding Upon Eligible 
Rollover Distributions From Qualified Plans.
    OMB Number: 1545-1341.
    Regulation Project Number: EE-43-92.
    Abstract: This regulation implements the provisions of the 
Unemployment Compensation Amendments of 1992 (Pub. L. 102-318), which 
impose mandatory 20 percent income tax withholding upon the taxable 
portion of certain distributions from a qualified pension plan or a 
tax-sheltered annuity that can be rolled over tax-free to another 
eligible retirement plan unless such amounts are transferred directly 
to such other plan in a ``direct rollover'' transaction. These 
provisions also require qualified pension plans and tax-sheltered 
annuities to offer their participants the option to elect to make 
``direct rollovers'' of their distributions and to provide distributees 
with a written explanation of the tax laws regarding their 
distributions and their option to elect such a rollover.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals, business or other for-profit 
organizations, not-for-profit institutions, and Federal, state, local 
or tribal governments.
    Estimated Number of Respondents: 10,323,926.
    Estimated Time per Respondent: 13 minutes.
    Estimated Total Annual Burden Hours: 2,129,669.

    Title: Certain Transfers of Domestic Stock or Securities by U.S. 
Persons to Foreign Corporations.
    OMB Number: 1545-1478.
    Regulation Project Number: INTL-9-95 (TD 8702).
    Abstract: This regulation relates to certain transfers of stock or 
securities of domestic corporations pursuant to the corporate 
organization, reorganization, or liquidation provisions of the internal 
Revenue Code. Transfers of stock or securities by U.S. persons in tax-
free transactions are treated as taxable transactions when the acquirer 
is a foreign corporation, unless an exception applies under Code 
section 367(a). This regulation provides that no U.S. person will 
qualify for an exception unless the U.S. target company complies with 
certain reporting requirements.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Responses: 100.
    Estimated Time per Response: 10 hours.
    Estimated Total Annual Burden Hours: 1,000.

    Title: REG-148867-03 (TD 9327) (Final) Disclosure of Returns and 
Return Information in Connection With Written Contracts or Agreements 
for the Acquisition of Property or Services for Tax Administration 
Purposes.
    OMB Number: 1545-1821.
    Regulation Project Number: REG-148867-03.
    Abstract: The final regulations clarify that redisclosures or 
returns and return information by contractors to agents or 
subcontractors are permissible, and that the penalty provisions, 
written notification requirements, and safeguard requirements are 
applicable to these agents and subcontractors. Section 301.6103(n)-1(d) 
of the final regulations require that contractors, agents, and 
subcontractors who receive returns or return information under the 
final regulations must provide written notice to their officers and 
employees of the purposes for which returns or return information may 
be used and of the potential civil and criminal penalties for 
unauthorized inspections or disclosures, including informing them of 
the imposition of punitive damages in the case of a willful inspection 
or disclosure or an inspection or disclosure which is the result of 
gross negligence. Section 301.6103(n)-1(e)(3) of the final regulations 
require that before the execution of a contract or agreement for the 
acquisition of property or services under which returns or return 
information will be disclosed, the contract or agreement must be made 
available to the IRS.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, not-
for-profit institutions and Federal, state, local or tribal 
governments.
    Estimated Number of Respondents: 2,500.
    Estimated Time per Respondent: 0.1 hr.
    Estimated Total Annual Burden Hours: 250.

    Title: Disclosure by Tax-Exempt Entity Regarding Prohibited Tax 
Shelter Transaction.
    OMB Number: 1545-2078.
    Form Number: Form 8886-T.
    Abstract: Certain tax-exempt entities are required to file Form 
8886-T to disclose information for each prohibited tax shelter 
transaction to which the entity was a party.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB. This form is being submitted for renewal 
purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations, 
State, Local or Tribal Government.
    Estimated Number of Respondents: 6,500.
    Estimated Time per Respondent: 8 hours, 36 minutes.
    Estimated Total Annual Burden Hours: 55,900.

    Title: PTIN Supplemental Application For Foreign Persons Without a 
Social Security Number.
    OMB Number: 1545-2189.
    Form Number: 8946.
    Abstract: Most individuals applying for a Preparer Tax 
Identification Number (PTIN) will have a social security number, which 
will be used to help establish their identity. However, paid preparers 
that are nonresident aliens and cannot get a social security number 
will need to establish their identity prior to getting a PTIN. Form 
8946 is being created to assist that population in establishing their 
identity while applying for a PTIN.

[[Page 69529]]

    Current Actions: There is no change in the paperwork burden 
previously approved by OMB. This form is being submitted for renewal 
purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations.
    Estimated Number of Respondents: 20,000.
    Estimated Time per Respondent: 5.48 hrs.
    Estimated Total Annual Burden Hours: 105,400.
    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.

    Approved: November 7, 2013.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013-27732 Filed 11-18-13; 8:45 am]
BILLING CODE 4830-01-P