[Federal Register Volume 79, Number 12 (Friday, January 17, 2014)]
[Notices]
[Page 3267]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-00820]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

January 13, 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 18, 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 8141, 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, emailing [email protected], or the 
entire information collection request may be found at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Number: 1545-0245.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Environmental Taxes.
    Form: Form 6627.
    Abstract: Form 6627 is used to figure the environmental tax on 
ozone-depleting chemicals (ODCs), imported products that used ODCs as 
materials in the manufacture or production of the product, and the 
floor stocks tax ODCs. Sections 4681 and 4682 impose a tax on ODCs and 
imported products containing ODCs.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 13,084.
    OMB Number: 1545-1265.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: IA-120-86 Capitalization of Interest (TD 8584) (Final).
    Abstract: This regulation requires taxpayers to maintain 
contemporaneous written records of production period estimates, to file 
a ruling request to segregate activities in applying the interest 
capitalization rules, and to request the consent of the Commissioner to 
change their methods of accounting for the capitalization of interest.
    Affected Public: Individuals or households; Businesses or other 
for-profits.
    Estimated Annual Burden Hours: 116,767.
    OMB Number: 1545-1600.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-251703-96 (TD 8813--Final) Residence of Trusts and 
Estates--7701.
    Abstract: Section 1161 of the Taxpayer Relief Act of 1997, Public 
Law 105-34, 111 Stat. 788 (1997), provides that a trust that was in 
existence on August 20, 1996 (other than a trust treated as owned by 
the grantor under subpart E of part I of subchapter J of chapter 1 of 
the Internal Revenue Code of 1986) and that was treated as a United 
States person on August 19, 1996, may elect to continue to be treated 
as a United States person notwithstanding section 7701(a)(30)(E) of the 
Code. The election will require the Internal Revenue Service to collect 
information. This regulation provides the procedure and requirements 
for making the election to remain a domestic trust.
    Affected Public: Individuals or households.
    Estimated Annual Burden Hours: 114.

    OMB Number: 1545-1847.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2004-29, Statistical Sampling in Sec. 274 
Context.
    Abstract: For taxpayers desiring to establish for purposes of Sec. 
274(n) (2), (A), (C), (D), or (E) that a portion of the total amount of 
substantiated expenses incurred for meals and entertainment is excepted 
from the 50% limitation of Sec. 274(n), the revenue procedure requires 
that taxpayers maintain adequate documentation to support the 
statistical application, sample unit findings, and all aspects of the 
sample plan.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 3,200.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014-00820 Filed 1-16-14; 8:45 am]
BILLING CODE 4830-01-P