[Federal Register Volume 79, Number 100 (Friday, May 23, 2014)]
[Notices]
[Pages 29841-29842]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-12007]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

May 20, 2014.
SUMMARY: 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 June 23, 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.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    OMB Number: 1545-0002.
    Type of Review: Revision of a currently approved collection.
    Title: Employee Representative's Quarterly Railroad Tax Return.
    Form: CT-2.
    Abstract: Employee representatives file Form CT-2 quarterly to 
report compensation on which railroad retirement taxes are due. IRS 
uses this information to ensure that employee representatives have paid 
the correct tax. Form CT-2 also transmits the tax payment.
    Affected Public: Individuals or Households.
    Estimated Burden Hours: 132.

    OMB Number: 1545-0200.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Application for Determination for Adopters of Master or 
Prototype or Volume Submitter Plans.
    Form: 5307.
    Abstract: This form is filed by employers or plan administrators 
who have adopted a prototype plan approved by the IRS National Office 
or a regional prototype plan approved by the IRS District Director to 
obtain a ruling that the plan adopted is qualified under IRC sections 
401(a) and 501(a). It may not be used to request a letter for a 
multiple employer plan.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 5,139,000.

    OMB Number: 1545-1083.
    Type of Review: Revision of a currently approved collection.
    Title: TD 8434--Treatment of Dual Consolidated Losses (INTL-399-
88).
    Abstract: 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. The 
regulation allows an affiliate to make use of the loss if the loss has 
not been used in the foreign 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.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 1,620.

    OMB Number: 1545-1205.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Disabled Access Credit.
    Form: 8826.
    Abstract: Code section 44 allows eligible small businesses to claim 
a non-refundable income tax credit of 50 percent of the amount of 
eligible access expenditures for any tax year that exceed $250 but do 
not exceed $10,250. Form 8826 figures the credit and the tax limit.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 89,027.

    OMB Number: 1545-1476.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8687--Source of Income From Sales of Inventory and 
Natural Resources Produced in One Jurisdiction and Sold in Another 
Jurisdiction (INTL-3-95).
    Abstract: The information requested is necessary for the Service to 
audit taxpayers' returns to ensure taxpayers have properly determined 
the source of income from sales of inventory produced in one country 
and sold in another.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 1,250.

    OMB Number: 1545-1634.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 9595--Consolidated Overall Foreign Losses, Separate 
Limitation Losses, and Overall Domestic Losses (REG-141399-07).
    Abstract: These regulations provide rules for the apportionment of 
a consolidated group's overall domestic loss (CODL), overall foreign 
loss (COFL) and separate limitation loss (CSLL) accounts to a departing 
member. The regulations affect consolidated groups of corporations that 
compute the foreign tax credit limitation or that dispose of property 
used in a foreign trade or business.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 3,000.

    OMB Number: 1545-1756.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2001-56, Demonstration Automobile Use.
    Abstract: This revenue procedure provides optional simplified 
methods for determining the value of the use of demonstration 
automobiles provided to employees by automobile dealerships.

[[Page 29842]]

    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 100,000.

    OMB Number: 1545-1931.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 9237--Designated Roth Contributions to Cash or Deferred 
Arrangements Under Section 401(k).
    Abstract: The regulations provide special rules relating to 
designed Roth contributions under a section 401(k) plan. Under section 
1.401(k)-l(f)(1) or the regulations, one of the requirements that must 
be met for contributions to be considered designated Roth contribution 
is that they must be maintained by the plan in a separate account. 
Section 1.401(k)-l(f)(2) of the regulations provides that, under the 
separate accounting requirement, contributions and withdrawals of 
designated Roth contributions must be credited and debited to a 
designated Roth contribution account maintained for the employee who 
made the designation and the plan must maintain a record of the 
employee's investment in the contract employee's designated Roth 
contribution account.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 157,500.

    OMB Number: 1545-2024.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Limited Payability Claim Against the United States For 
Proceeds of an Internal Revenue Refund Check.
    Form: 13818.
    Abstract: This form is used by taxpayers for completing a claim 
against the United States for the proceeds of an Internal Revenue 
refund check.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 4,000.

    OMB Number: 1545-2190.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: IRS Paid Preparer Tax Identification Number (PTIN) 
Application and Renewal.
    Form: W-12.
    Abstract: Paid tax return preparers are required to obtain a 
preparer tax identification number (PTIN) by completing Form W-12, IRS 
Paid Preparer Tax Identification Number (PTIN) Application and Renewal, 
and to pay the fee required with the application. A third party will 
administer the PTIN application process. Most applications will be 
filled out on-line. Form W-12 will be used to collect the information 
required by Sec.  1.6109-2 and to collect the information the third 
party needs to administer the PTIN application process.
    Affected Public: Individuals or Households.
    Estimated Annual Burden Hours: 1,464,000.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2014-12007 Filed 5-22-14; 8:45 am]
BILLING CODE 4830-01-P