[Federal Register Volume 79, Number 144 (Monday, July 28, 2014)]
[Notices]
[Pages 43821-43822]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-17682]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 23, 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 August 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 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.

Internal Revenue Service (IRS)

    OMB Number: 1545-1465.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8668-(Final) Environmental Settlement Funds--
Classification.
    Abstract: Section 7701 and the regulations thereunder classify 
entities for federal tax purposes as partnerships, associations, and 
trusts. Section 671 requires a grantor treated as an owner of a portion 
of a trust to include items in income. This regulation provides 
reporting rules.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 2,000.

    OMB Number: 1545-1548.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Rev. Proc. 2013-30, Uniform Late S Corporation Election 
Revenue Procedure.
    Abstract: The information will help the IRS determine whether a 
taxpayer has met the requirements of the Revenue Procedure and whether 
a taxpayer has reasonable cause for failing to make a timely election. 
The collection is required to make a late election pursuant to this 
Revenue Procedure. This information will be used to determine whether 
the eligibility requirements for obtaining relief have been met.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 50,000.

    OMB Number: 1545-1760.
    Type of Review: Revision of a currently approved collection.
    Title: Payments From Qualified Education Programs (Under Sections 
529 and 530).
    Form: 1099-Q.
    Abstract: Form 1099-Q, Payments From Qualified Education Programs 
(Under Sections 529 and 530), is used to report distributions from 
private and state qualified tuition programs as required under Internal 
Revenue Code sections 529 and 530. A Form 1099-Q is filed if you (a) 
are an officer or an employee, or the designee of an officer or 
employee, having control of a program established by a state or 
eligible educational institution; and (b) made a distribution from a 
qualified tuition program (QTP). A trustee of a Coverdell education 
savings account (ESA) must file Form 1099-Q to report distributions 
made from Coverdell ESAs. To lessen the burden for payers, Form 1099-Q 
was developed to report distributions from private and state qualified 
tuition programs. A copy of the Form 1099-Q must be furnished to the 
recipient.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 530,090.

    OMB Number: 1545-1835.
    Type of Review: Revision of a currently approved collection.
    Title: Application for Registration (for Certain Excise Tax 
Activities) and Questionnaires.
    Form: 637.
    Abstract: The authority for the requirement for registration is 
found in

[[Page 43822]]

Internal Revenue Code sections 4101 (Fuel Taxes), 4222 (Retailers and 
Manufacturers Excise Taxes), 4682 (Ozone-depleting Chemicals Tax), and 
the regulations. Form 637, Application for Registration (For Certain 
Excise Tax Activities) is used to apply for excise tax registration for 
activities under sections 4101, 4222, and 4682. Common activities for 
which persons are registered include that of a refiner, terminal 
operator, position holder, throughputter, ultimate vendor, first retail 
seller of certain heavy vehicles, and manufacturer of sport fishing 
equipment. The information will be used to make an informed decision on 
whether the applicant/registrant qualifies for registration.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 30,499.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2014-17682 Filed 7-25-14; 8:45 am]
BILLING CODE 4830-01-P