[Federal Register Volume 79, Number 18 (Tuesday, January 28, 2014)]
[Notices]
[Pages 4534-4535]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-01469]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

January 22, 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 27, 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: 1545-0137.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Contract Coverage Under Title II of the Social Security Act.
    Form: Form 2032.
    Abstract: U.S. citizens and resident aliens employed abroad by 
foreign affiliates of American employers are exempt from social 
security taxes. Under Internal Revenue Code section 3121(1), American 
employers may file an agreement on Form 2032 to waive this exemption 
and obtain social security coverage for U.S. citizens and resident 
aliens employed abroad by their foreign affiliates. The American 
employers can later file Form 2032 to cover additional foreign 
affiliates as an amendment to their original agreement.
    Affected Public: Individuals or households; Businesses or other 
for-profits.
    Estimated Annual Burden Hours: 973.
    OMB Number: 1545-0409.
    Type of Review: Revision of a currently approved collection.
    Title: Application for Reward for Original Information.

[[Page 4535]]

    Form: Form 211.
    Abstract: Form 211 is the official application form used by persons 
requesting rewards for submitting information concerning alleged 
violations of the tax laws by other persons. Such rewards are 
authorized by Internal Revenue Code Section 7623. The data is used to 
determine and pay rewards to those persons who voluntarily submit 
information.
    Affected Public: Individuals or households.
    Estimated Annual Burden Hours: 15,000.
    OMB Number: 1545-0747.
    Type of Review: Revision of a currently approved collection.
    Title: IRA Contribution Information.
    Form: Form 5498.
    Abstract: Form 5498 is used by trustees and issuers to report 
contributions to, and the fair market value of, an individual 
retirement arrangement. The information on the form will be used by IRS 
to verify compliance with reporting rules under regulation section 
1.408-5 and to verify that the participant of the IRA has made the 
contribution for which he or she is taking the deduction.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 48,731,780.
    OMB Number: 1545-0796.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Office of Chief Counsel--Application.
    Form: Form 6524.
    Abstract: Form 6524 provides data the IRS deems critical for 
evaluating an Office of Chief Counsel attorney applicant's 
qualifications, such as LSAT score, bar admission status, type of work 
preference, law school, and class standing.
    Affected Public: Individuals or households.
    Estimated Annual Burden Hours: 900.
    OMB Number: 1545-0798.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: 26 CFR 31.6001-1 Records in general; 26 CFR 31.6001-2 
Additional Records under FICA; 26 CFR 31.6001-3, Additional records 
under Railroad Retirement Tax Act; 26 CFR 31.6001-5 Additional records.
    Abstract: IRC section 6001 requires, in part, that every person 
liable for tax, or for the collection of that tax keep such records and 
comply with such rules and regulations as the Secretary may from time 
to time prescribe. 26 CFR 31.6001 has special application to employment 
taxes. These records are needed to ensure compliance with the Code.
    Affected Public: Individuals or households; Businesses or other 
for-profits; Not-for-profit institutions; Farms; and Federal, state, 
local, and tribal governments.
    Estimated Annual Burden Hours: 30,273,950.
    OMB Number: 1545-1051.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: INTL-29-91 (Final) Computation and Characterization of 
Income and Earnings and Profits under the Dollar Approximate Separate 
Transactions Method of Accounting (DASTM).
    Abstract: For taxable years after the final regulations are 
effective, taxpayers operating in hyperinflationary currencies must use 
the U.S. dollar as their functional currency and compute income using 
the dollar approximate separate transactions method (DASTM). Small 
taxpayers may elect an alternate method by which to compute income or 
loss. For prior taxable years in which income was computed using the 
profit and loss method, taxpayers may elect to recompute their income 
using DASTM.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 1,000.
    OMB Number: 1545-1141.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 89-102, Treatment of Acquisition of Certain Financial 
Institutions; Tax Consequences of Federal Financial Assistance.
    Abstract: Section 597 of the Internal Revenue Code provides that 
the Secretary provide guidance concerning the tax consequences of 
Federal financial assistance received by qualifying institutions. These 
institutions may defer payment of Federal income tax attributable to 
the assistance. Required information identifies deferred tax 
liabilities.
    Affected Public: Businesses or other for-profits.
    Estimated Annual Burden Hours: 125.
    OMB Number: 1545-1189.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Dollar Election Under Section 985.
    Form: Form 8819.
    Abstract: Form 8819 is filed by U.S. and foreign businesses to 
elect the U.S. dollar as their functional currency or as the functional 
currency of their controlled entities. The IRS uses Form 8819 to 
determine if the election is properly made.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 3,220.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014-01469 Filed 1-27-14; 8:45 am]
BILLING CODE 4810-01-P