[Federal Register Volume 79, Number 4 (Tuesday, January 7, 2014)]
[Notices]
[Pages 892-893]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-00007]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

January 2, 2014.
    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 February 6, 2014 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: 1545-0020.
    Type of Review: Revision of a currently approved collection.
    Title: United States Gift (and Generation-Skipping Transfer) Tax 
Return.
    Form: 709.
    Abstract: Form 709 is used by individuals to report transfers 
subject to the gift and generation-skipping transfer taxes and to 
compute these taxes. IRS uses the information to enforce these taxes 
and to compute the estate tax.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 1,718,345.

    OMB Number: 1545-0029.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Employer's Quarterly Federal Tax Return.
    Form: 941, 941 (PR), 941-SS, 941-X, 941-X (PR), 941-V, 941-V (PR), 
and related schedules.
    Abstract: Form 941 is used by employers to report payments made to 
employees subject to income and social security/Medicare taxes and the 
amounts of these taxes. Form 941-PR is used by employers in Puerto Rico 
to report social security and Medicare taxes only. Form 941-SS is used 
by employers in the U.S. possessions to report social security and 
Medicare taxes only. Schedule B is used by employers to record their 
employment tax liability.

[[Page 893]]

    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 388,256,964.

    OMB Number: 1545-0121.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Foreign Tax Credit (Individual, Estate, or Trust).
    Form: 1116.
    Abstract: Form 1116 is used by individuals (including nonresident 
aliens) estates or trusts that paid foreign income taxes on U.S. 
taxable income to compute the foreign tax credit. This information is 
used by the IRS to verify the foreign tax credit.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 25,066,693.

    OMB Number: 1545-0199.
    Type of Review: Revision of a currently approved collection.
    Title: Application for Approval of Prototype Simplified Employee 
Pension (SEP) or Savings Incentive Match Plan for Employees of Small 
Employers (SIMPLE IRA Plan).
    Form: 5306-A.
    Abstract: This form is used by banks, credit unions, insurance 
companies, and trade or professional associations to apply for approval 
of a Simplified Employee Pension Plan or Savings Incentive Match Plan 
to be used by more than one employer. The data collected is used to 
determine if the prototype plan submitted is an approved plan.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 96,850.

    OMB Number: 1545-0997.
    Type of Review: Revision of a currently approved collection.
    Title: Proceeds From Real Estate Transactions.
    Form: 1099-S.
    Abstract: Form 1099-S is used by the real estate reporting person 
to report proceeds from a real estate transaction to the IRS.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 360,276.

    OMB Number: 1545-0923.
    Type of Review: Revision of a currently approved collection.
    Title: TD 8033 (TEMP) Tax Exempt Entity Leasing (REG-209274-85).
    Abstract: These regulations provide guidance to persons executing 
lease agreements involving tax-exempt entities under section 168(h) of 
the Internal Revenue Code. The regulations are necessary to implement 
congressionally enacted legislation and elections for certain 
previously tax-exempt organizations and certain tax- exempt controlled 
entities.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Annual Burden Hours: 3,000.

    OMB Number: 1545-2090.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-143797-06 (Final), Health Savings Plan Notice.
    Abstract: The information is needed in cases where an employee 
establishes and HSA after the end of the calendar year but before the 
last day of February and will be used by employees for purposes of 
making up HSA contributions to those employees. The respondents are 
employees of employers who contribute to employees' HSAs.
    Affected Public: Private Sector: Businesses or other for-profits; 
Non-for-profit institutions.
    Estimated Annual Burden Hours: 1,250,000.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2014-00007 Filed 1-6-14; 8:45 am]
BILLING CODE 4830-01-P