[Federal Register Volume 79, Number 39 (Thursday, February 27, 2014)]
[Notices]
[Pages 11178-11179]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-04318]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

February 24, 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 March 31, 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: 1545-0172.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form 4562--Depreciation and Amortization (Including 
Information on Listed Property).
    Form: 4562.
    Abstract: Taxpayers use Form 4562 to: claim a deduction for 
depreciation and/or amortization; make a section 179 election to 
expense depreciable assets; and answer questions regarding the use of 
automobiles and other listed property to substantiate the business use 
under section 274(d).
    Affected Public: Businesses or other for-profit organizations; 
Farms; Individuals or households.
    Estimated Annual Burden Hours: 448,368,447.

    OMB Number: 1545-1102.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: PS-19-92 (TD 9420--Final) Carryover Allocations and Other 
Rules Relating to the Low-Income Housing Credit.
    Abstract: These final regulations amend the utility allowances 
regulations concerning the low-income housing tax credit. The final 
regulations update the utility allowance regulations to provide new 
options for estimating tenant utility costs. The regulations provide 
the IRS the information it needs to ensure that low-income housing tax 
credits are being properly allocated under section 42.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Annual Burden Hours: 4,008.

    OMB Number: 1545-1345.
    Type of Review: Extension without change of a currently approved 
collection.

[[Page 11179]]

    Title: CO-99-91 (TD 8490) (Final) Limitations on Corporate Net 
Operating Loss.
    Abstract: This regulation modifies the application of segregation 
rules under Section 382 in the case of certain issuances of stock by a 
loss corporation. This regulation provides that the segregation rules 
do not apply to small issuances of stock, as defined, and apply only in 
part to certain other issuances of stock for cash.
    Affected Public: Businesses or other for-profit organizations.
    Estimated Annual Burden Hours: 1.

    OMB Number: 1545-1352.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8586 (Final) Treatment of Gain From Disposition of 
Certain Natural Resource Recapture Property.
    Abstract: This regulation prescribes rules for determining the tax 
treatment of gain from the disposition of natural resource recapture 
property in accordance with Internal Revenue Code section 1254. Gain is 
treated as ordinary income in an amount equal to the intangible 
drilling and development costs and depletion deductions taken with 
respect to the property. The information that taxpayers are required to 
retain will be used by the IRS to determine whether a taxpayer has 
properly characterized gain on the disposition of section 1254 
property.
    Affected Public: Businesses or other for-profit organizations; 
Individuals or households.
    Estimated Annual Burden Hours: 2,000.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014-04318 Filed 2-26-14; 8:45 am]
BILLING CODE 4830-01-P