[Federal Register Volume 79, Number 246 (Tuesday, December 23, 2014)]
[Notices]
[Pages 77084-77086]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-29986]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

December 18, 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 January 22, 2015 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: 1545-0090.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form 1040-SS--U.S. Self-Employment Tax Return; Form 1040-
PR--Planilla para la Declaraci[oacute]n de la Contribuci[oacute]n 
Federal sobre el Trabajo por Cuenta Propia (Incluyendo el 
Cr[eacute]dito Tributario Adicional por Hijos para Residentes Bona Fide 
de Puerto Rico), and Anejo H-PR (Form 1040-PR)--Contribuciones sobre el 
Empleo de Empleados Dom[eacute]sticos.
    Form: 1040-SS, 1040-PR, Anejo H-PR (Form 1040-PR).
    Abstract: Form 1040-SS (Virgin Islands, Guam, American Samoa, and 
the Northern Mariana Islands) and 1040-PR (Puerto Rico) are used by 
self-employed individuals to figure and report self-employment tax 
under IRC chapter 2 of Subtitle A, and provide credit to the taxpayer's 
social security account. Anejo H-PR is used to compute household 
employment taxes. Form 1040-SS and Form 1040-PR are also used by bona-
fide residents of Puerto Rico to claim the additional child tax credit.
    Affected Public: Individuals or households private sector: 
Businesses or other for-profits, farms.
    Estimated Annual Burden Hours: 2,847,448.
    OMB Number: 1545-0120.
    Type of Review: Revision of a currently approved collection.
    Title: Certain Government Payments.
    Form: 1099-G.
    Abstract: Form 1099-G is used by governments (primarily state and 
local) to report to the IRS (and notify recipients of) certain payments 
(e.g., unemployment compensation and income tax refunds). IRS uses the 
information to insure that the income is being properly reported by the 
recipients on their returns.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Annual Burden Hours: 24,709,380.
    OMB Number: 1545-0177.
    Type of Review: Revision of a currently approved collection.
    Title: Casualties and Thefts.
    Form: 4684.
    Abstract: Form 4684 is used by taxpayers to compute their gain or 
loss from casualties or thefts, and to summarize such gains and losses. 
The data is used to verify that the correct gain or loss has been 
computed.
    Affected Public: Individuals or households.
    Estimated Annual Burden Hours: 1,830,400.
    OMB Number: 1545-0619.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Credit for Increasing Research Activities.
    Form: 6765.
    Abstract: Internal Revenue Code section 38 allows a credit against 
income tax for an increase in research activities in a trade or 
business. Form 6765 is used to figure and claim the credit for 
increasing research activities or to elect the reduced credit under 
section 280C. An individual, estate, trust, organization, or 
corporation claiming a credit for increasing research activities; or 
any S corporation, partnership, estate, or trust that allocates the 
credit to its shareholders, partners, or beneficiaries must complete 
this form and attach it to its income tax return.
    Affected Public: Private sector: Businesses and other for-profits.
    Estimated Annual Burden Hours: 285,281.
    OMB Number: 1545-0714.
    Type of Review: Extension without change of a currently approved 
collection.

[[Page 77085]]

    Title: Form 8027--Employers Annual Information Return of Tip Income 
and Allocated Tips; Form 8027-T--Transmittal of Employer's Annual 
Information Return of Tip Income and Allocated Tips.
    Form: 8027, 8027-T.
    Abstract: To help IRS in its examination of returns filed by tipped 
employees large food or beverage establishments, they are required to 
report annually information concerning food or beverage operations 
receipts and tips reported by employees and in certain cases, the 
employer must allocate tips to certain employees.
    Affected Public: Private sector: Businesses and other for-profits.
    Estimated Annual Burden Hours: 488,161.
    OMB Number: 1545-1375.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8537--Carryover of Passive Activity Losses and Credits 
and At Risk Losses to Bankruptcy Estates of Individuals.
    Abstract: This document contains final regulations relating to the 
application of carryover of passive activity losses and credits and at 
risk losses to the bankruptcy estates of individuals. The final 
regulations affect individual taxpayers who file bankruptcy petitions 
under chapter 7 or chapter 11 of title 11 of the United States Code and 
have passive activity losses and credits under section 469 or losses 
under section 465.
    Affected Public: Individuals or households.
    Estimated Annual Burden Hours: 100.
    OMB Number: 1545-1418.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-154000-04--Diesel Fuel and Kerosene Excise Tax; Dye 
Injection.
    Abstract: The regulations relate to the diesel fuel and kerosene 
excise tax and reflect changes made by the American Jobs Creation Act 
of 2004 (Act) regarding mechanical dye injection systems. Under the 
Act, diesel fuel and kerosene that are to be used in a nontaxable use 
must be indelibly dyed by use of a mechanical dye injection system that 
satisfies the requirements set forth in the regulations.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 1.
    OMB Number: 1545-1435.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8706--Electronic Filing of Form W-4.
    Abstract: This document contains final regulations relating to Form 
W-4, Employee's Withholding Allowance Certificate. The final 
regulations authorize employers to establish electronic systems for use 
by employees in filing their Forms W-4. The regulations provide 
employers and employees with guidance necessary to comply with the law. 
The regulations affect employers that establish electronic systems and 
their employees.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 40,000.
    OMB Number: 1545-1490.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: FI-28-96 (Final) Arbitrage Restrictions on Tax-Exempt Bonds.
    Abstract: The recordkeeping requirements are necessary for the 
Service to determine that an issuer of tax-exempt bonds has not paid 
more than fair market value for non-purpose investments under section 
148 of the Internal Revenue Code.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Annual Burden Hours: 1,425.
    OMB Number: 1545-1796.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 9084 (REG-106879-00)--Consolidated Loss Recapture Events.
    Abstract: This document contains final regulations under section 
1503(d) regarding the events that require the recapture of dual 
consolidated losses. These regulations are issued to facilitate 
compliance by taxpayers with the dual consolidated loss provisions and 
generally provide that certain events will not trigger recapture of a 
dual consolidated loss or payment of the associated interest charge. 
The regulations provide for the filing of certain agreements in such 
cases.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 60.
    OMB Number: 1545-1924.
    Type of Review: Revision of a currently approved collection.
    Title: Biodiesel and Renewable Diesel Fuels Credit.
    Form: 8864.
    Abstract: Form 8864 is used to figure biodiesel and renewable 
diesel fuels credit and to claim the credit for the tax year in which 
the sale or use occurs. This credit consists of the biodiesel credit, 
renewable diesel credit, biodiesel mixture credit, renewable diesel 
mixture credit, and small agri-biodiesel producer credit. IRC section 
40A provides a credit for biodiesel or qualified biodiesel mixtures. 
IRC section 38(b)(17) allows a nonrefundable income tax credit for 
businesses that sell or use biodiesel. The biodiesel and renewable 
diesel fuels credit is scheduled expired for fuel sold or used after 
2013.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 110.
    OMB Number: 1545-1927.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: IRS e-file Electronic Funds Withdrawal Authorization for 
Form 7004.
    Form: 8878-A.
    Abstract: Form 8878-A is used by a corporate officer or agent and 
an electronic return originator (ERO) to use a personal identification 
number (PIN) to authorize an electronic funds withdrawal for a tax 
payment made with a request to extend the filing due date for a 
corporate income tax return.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 505,400.
    OMB Number: 1545-1935.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2005-40, Election to Defer Net Experience Loss in a 
Multiemployer Plan.
    Abstract: This notice describes the election that must be filed by 
an eligible multiemployer plan's enrolled actuary to the Service in 
order to defer a net experience loss. The notice also describes the 
notification that must be given to plan participants and beneficiaries, 
to labor organization, to contributing employers and to the Pension 
Benefit Guaranty Corporation within 30 days of making an election with 
the Service and the certification that must be filed if a restricted 
amendment is adopted.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 960.
    OMB Number: 1545-1937.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2005-41, Guidance Regarding Qualified Intellectual 
Property Contributions.
    Abstract: This notice explains section 170(e)(1)(B)(iii) and 170(m) 
as added by section 882 of the American Jobs Creation Act of 2004. 
Under section 170(e)(1)(B)(iii), a donor's initial charitable 
contribution deduction for a

[[Page 77086]]

gift of qualified intellectual property is limited to the lesser of the 
donor's adjusted basis is the property or its fair market value. Under 
section 170(m), the donor may claim additional deduction in subsequent 
years if the property produces income.
    Affected Public: Private sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 30.
    OMB Number: 1545-1940.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: RP-2005-26 Revenue Procedure Regarding Extended Period of 
Limitations for Listed Transaction Situations.
    Abstract: This revenue procedure provides procedures that taxpayers 
and material advisors may use to disclose a listed transaction that the 
taxpayer previously failed to disclose.
    Affected Public: Individuals or households.
    Estimated Annual Burden Hours: 430.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2014-29986 Filed 12-22-14; 8:45 am]
BILLING CODE 4830-01-P