[Federal Register Volume 78, Number 227 (Monday, November 25, 2013)]
[Notices]
[Pages 70411-70412]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-28132]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 19, 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 December 26, 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 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: 1545-0015.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: United States Estate (and Generation-Skipping Transfer) Tax 
Return.
    Form: 706 and related schedules.
    Abstract: Form 706 is used by executors to report and compute the 
Federal Estate Tax imposed by IRC section 2001 and the Federal GST tax 
imposed by IRC section 2601. IRS uses the information to enforce these 
taxes and to verify that the tax has been properly computed.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 2,046,350.
    OMB Number: 1545-0026.
    Type of Review: Revision of a currently approved collection.
    Title: Return by a U.S. Transferor of Property to a Foreign 
Corporation.
    Form: 926.
    Abstract: Form 926 is filed by any U.S. person who transfers 
certain tangible or intangible property to a foreign corporation to 
report information required by section 6038B.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 30,195.
    OMB Number: 1545-0122.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Foreign Tax Credit Corporations.
    Form: 1118 and Schedules I, J, and K to Form 1118.
    Abstract: Form 1118 and separate Schedules I, J, and K are used by 
domestic and foreign corporations to claim a credit for taxes paid to 
foreign countries. The IRS uses Form 1118 and related schedules to 
determine if the corporation has computed the foreign tax credit 
correctly.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 3,483,016.
    OMB Number: 1545-0757.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 7941--Special Lien for Estate Taxes Deferred Under 
Section 6166 or 6166A.
    Abstract: Section 632A permits the executor of a decedent's estate 
to elect a lien on section 6166 property in favor of the United States 
in lieu of a bond or personal liability if an election under section 
6166 was made and the executor files an agreement under section 
6323A(c).
    Affected Public: Individual or Household.
    Estimated Annual Burden Hours: 8,650.
    OMB Number: 1545-0806.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: EE-12-78 (Final) Non-Bank Trustees.
    Abstract: IRC section 408(a)(2) permits an institution other than a 
bank to be the trustee of an individual retirement account (IRA). To do 
so, an application needs to be filed and various requirements need to 
be met. IRS uses the information to determine whether an institution 
qualifies to be a non-bank trustee.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 13.
    OMB Number: 1545-0982.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: 26 CFR 301.9100-7T, Time and Manner of Making Certain 
Elections Under the Tax Reform Act of 1986.
    Abstract: Section 301.9100-7T lists certain elections that are 
provided by Tax Reform Act of 1986 and provides general rules regarding 
the time and the manner for making the elections. These regulations 
enable taxpayers to take advantage of the benefits of various Code 
provisions.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 28,678.
    OMB Number: 1545-1072.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8410--Allocation and Apportionment of Interest Expense 
and Certain Other Expenses (INTL-952-86).
    Abstract: The regulations 864 provide rules concerning the 
allocation and apportionment of expenses to foreign source income for 
purposes of the foreign tax credit and other provisions.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 3,750.
    OMB Number: 1545-1138.
    Type of Review: Extension without change of a currently approved 
collection.

[[Page 70412]]

    Title: TD-8350--Requirements for Investments To Qualify Under 
Section 936(d)(4) as Investments in Qualified Caribbean Basin 
Countries.
    Abstract: The collection of information is required by the Internal 
Revenue Service to verify that an investment qualifies under IRC 
section 936(d)(4). The recordkeepers will be possession corporations, 
certain financial institutions located in Puerto Rico, and borrowers of 
funds covered by this regulation.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 1,500.

    OMB Number: 1545-1165.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Tax Information Authorization.
    Form: 8821 and 8821-A.
    Abstract: Form 8821 is used to appoint someone to receive or 
inspect certain tax information. Data is used identify appointees and 
to ensure that confidential information is not divulged to unauthorized 
persons. Form 8821-A is an authorization signed by a taxpayer for the 
IRS to disclose returns and return information to local law enforcement 
in the event of a possible identity theft.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 147,800.

    OMB Number: 1545-1443.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8686--Requirements To Ensure Collection of Section 2056A 
Estate Tax.
    Abstract: The regulation provides guidance relating to the 
additional requirements necessary to ensure the collection of the 
estate tax imposed under Section 2056A(b) with respect to taxable 
events involving qualified domestic trusts (QDOT'S). In order to ensure 
collection of the tax, the regulation provides various security options 
that may be selected by the trust and the requirements associated with 
each option. In addition, under certain circumstances the trust is 
required to file an annual statement with the IRS disclosing the assets 
held by the trust.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 6,070.

    OMB Number: 1545-1878.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: IRS e-File Signature Authorization for an Exempt 
Organization.
    Form: 8879-EO.
    Abstract: Form 8879-EO authorizes an officer of an exempt 
organization and electronic return originator (ERO) to use a personal 
identification number (PIN) to electronically sign an organization's 
electronic income tax return and, if applicable, Electronic Funds 
Withdrawal Consent.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Annual Burden Hours: 425,714.

    OMB Number: 1545-2085.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Electronic Notice (e-Postcard).
    Form: 990-N.
    Abstract: Section 1223 of the Pension Protection Act of 2006, 
enacted on August 17, 2006, amended Internal Revenue Code (Code) 
section 6033 by adding Code section 6033(i), which requires certain 
tax-exempt organizations to file an annual electronic notice (Form 990-
N) for tax years beginning after December 31, 2006. These organizations 
are not required to file Form 990 (or Form 990-EZ) because their gross 
receipts are normally $25,000 or less.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Annual Burden Hours: 75,000.

    OMB Number: 1545-2244.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2013-40, Low-Income Housing Credit Disaster Relief 
for Oklahoma Severe Storms and Tornadoes.
    Abstract: The Internal Revenue Service is suspending certain 
requirements under Sec.  42 of the Internal Revenue Code for low-income 
housing credit projects to provide emergency housing relief needed as a 
result of the devastation caused by severe storms and tornadoes in the 
State of Oklahoma beginning May 18, 2013. This relief is being granted 
pursuant to the Service's authority under Sec.  42(n) and Sec.  1.42-
13(a) of the Income Tax Regulations.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 25.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2013-28132 Filed 11-22-13; 8:45 am]
BILLING CODE 4810-01-P