[Federal Register Volume 79, Number 10 (Wednesday, January 15, 2014)]
[Notices]
[Pages 2751-2752]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-00653]


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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 March 17, 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 CONTACT: 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 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 record-keeping requirements:
    Title: Treatment of Dual Consolidated Losses.
    OMB Number: 1545-1083.
    Regulation Project Number: INTL-399-88.
    Abstract: Internal Revenue Code section 1503(d) denies use of the 
losses of one domestic corporation by another affiliated domestic 
corporation where the loss corporation is also subject to the income 
tax of another country. This regulation allows an affiliate to make use 
of the loss if the loss has not been used in the foreign country and if 
an agreement is attached to the income tax return of the dual resident 
corporation or group, to take the loss into income upon future use of 
the loss in the foreign country. The regulation also requires separate 
accounting for a dual consolidated loss where the dual resident 
corporation files a consolidated return.
    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 Respondents: 500.
    Estimated Time per Respondent: 3 hrs., 14 minutes.
    Estimated Total Annual Burden Hours: 1,620 minutes.

    Title: State Housing Credit Ceiling and Other Rules Relating to the 
Low-Income Housing Credit.
    OMB Number: 1545-1423.
    Regulation Project Number: PS-106-91.
    Abstract: The regulation concerns the low-income housing credit 
under section 42 of the Internal Revenue Code. The regulation provides 
rules relating to the order in which housing credit dollar amounts are 
allocated from each State's housing credit ceiling under section 
42(h)(3)(C) and the determination of which States qualify to receive 
credit from a national pool of credit under section 42(h)(3)(D). The 
regulation affects State and local housing credit agencies and 
taxpayers receiving credit allocations, and provides them with guidance 
for complying with section 42.
    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, individuals or households, and state, local or 
tribal governments.
    Estimated Number of Respondents: 110.
    Estimated Time per Respondent: 2 hours, 30 minutes.
    Estimated Total Annual Burden Hours: 275.

    Title: Foreign Based Importer Non-Filers Questionnaire.
    OMB Number: 1545-2084.
    Form Number: N/A.
    Abstract: Foreign corporations are subject to U.S. Income Tax on 
income that is effectively connected with a U.S.

[[Page 2752]]

trade or business and are required to file a U.S. Income tax return 
reporting taxable income. However, based on the public information 
available, it is not readily determinable without further research that 
U.S. Income Tax compliance has been fulfilled. Therefore, IDRS will be 
utilized to determine if filing compliance has been met. This contact 
letter is sent to taxpayers who appear to have a U.S. trade or business 
and have not filed a U.S. Income Tax return or filed a protective 
1120F.
     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: 90.
    Estimated Time per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 30.

    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: January 9, 2014.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2014-00653 Filed 1-14-14; 8:45 am]
BILLING CODE 4830-01-P