[Federal Register Volume 80, Number 251 (Thursday, December 31, 2015)]
[Notices]
[Pages 81880-81882]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-32913]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

AGENCY: Department of the Treasury.

ACTION: Notice.

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    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 1, 2016 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 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: 1545-0771.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 8864 (Final); EE-63-88 (Final and temp regulations) 
Taxation of Fringe Benefits and Exclusions From Gross Income for 
Certain Fringe Benefits; IA-140-86 (Temporary) Fringe Benefits.
    Abstract: This regulation provides guidance on the tax treatment of 
taxable and nontaxable fringe benefits and general and specific rules 
for the valuation of taxable fringe benefits in accordance with Code 
sections 61 and 132 and provides guidance on exclusions from gross 
income for certain fringe benefits (IA-140-86). This regulation 
provides guidance relating to the requirement that any deduction or 
credit with respect to business travel, entertainment, and gift 
expenses be substantiated with adequate records in accordance with Code 
section 274(d).
    Affected Public: Private Sector: Businesses or other for-profit.

[[Page 81881]]

    Estimated Annual Burden Hours: 37,922,688.
    OMB Number: 1545-1353.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 8517: Debt Instruments With Original Discount; Imputed 
Interest on Deferred Payment Sales or Exchanges of Property; TD 9599: 
Property Traded on an Established Market.
    Abstract: This document contains regulations relating to the tax 
treatment of debt instruments with original issue discount and the 
imputation of interest on deferred payments under certain contracts for 
the sale or exchange of property and determining when property is 
traded on an established market for purposes of determining the issue 
price of a debt instrument. The regulations provide needed guidance to 
holders and issuers of debt instruments.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 195,500.
    OMB Number: 1545-1520.
    Type of Review: Revision of a previously approved collection.
    Title: Revenue Procedures 2016-4 (Letter Rulings), 2011-5 
(Technical Advice), 2016-6 (Determination Letters), and 2016-8 (User 
Fees).
    Abstract: The information requested in Revenue Procedures 2016-4, 
2011-5, 2016-6, and 2016-8 is required to enable the Internal Revenue 
Service to give advice on filing letter ruling, determination letter, 
and technical advice requests, to process such requests, and to 
determine the amount of any user fees.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 45,787.
    OMB Number: 1545-1809.
    Type of Review: Revision of a previously approved collection.
    Title: Credit for Employer-Provided Childcare Facilities and 
Services.
    Form: 8882.
    Abstract: Qualified employers use Form 8882 to request a credit for 
employer-provided childcare facilities and services. Section 45F 
provides credit based on costs incurred by an employer in providing 
childcare facilities and resource and referral services. The credit is 
25% of the qualified childcare expenditures plus 10% of the qualified 
childcare resource and referral expenditures for the tax year, up to a 
maximum credit of $150,000 per tax year.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 1,053.
    OMB Number: 1545-2002.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Notice 2006-25 (superseded by Notice 2007-53), Qualifying 
Gasification Project Program.
    Abstract: This notice establishes the qualifying gasification 
project under Section 48B of the Internal Revenue Code. This notice 
provides the time and manner for a taxpayer to apply for an allocation 
of qualifying gasification project credits.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 1,700.
    OMB Number: 1545-2003.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Notice 2006-24, Qualifying Advanced Coal Project Program.
    Abstract: Notice 2006-24 establishes the qualifying advanced coal 
project program under Sec. 48A of the Internal Revenue Code. The notice 
provides the time and manner for a taxpayer to apply for an allocation 
of qualifying advanced coal project credits and, once the taxpayer has 
received this allocation, the time and manner for the taxpayer to file 
for a certification of its qualifying advanced coal project.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 4,950.
    OMB Number: 1545-2141.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Notice 2009-31--Election and Notice Procedures for 
Multiemployer Plans under Sections 204 and 205 of WRERA.
    Abstract: The guidance in this notice implements temporary, 
elective relief under the Workers, Retirees, and Employers Relief Act 
of 2008 (WRERA), which was enacted December 2008 for multi-employer 
pension plans from certain funding requirements.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 1,600.
    OMB Number: 1545-2143.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Notice 2009-26, Build America Bonds and Direct Payment 
Subsidy Implementation.
    Abstract: This Notice provides guidance on the tax incentives for 
Build America Bonds under Sec.  54AA of the Internal Revenue Code 
(``Code'') and the implementation plans for the refundable credit 
payment procedures for these bonds. It includes guidance on the 
modified Build America Bond program for Recovery Zone Economic 
Development Bonds under Sec.  1400U-2 of the Code. The Notice also 
provides guidance on the initial refundable credit payment procedures, 
required elections, and information reporting and solicits public 
comments on the refundable credit payment procedures for these bonds. 
This Notice is intended to facilitate prompt implementation of the 
Build America Bond program and to enable state and local governments to 
begin issuing these bonds for authorized purposes to promote economic 
recovery and job creation.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Annual Burden Hours: 15,000.
    OMB Number: 1545-2155.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: TD 9469 (REG-102822-08) Section 108 Reduction of Tax 
Attributes for S Corporations.
    Abstract: The regulation provides guidance to S corporations that 
must reduce their tax attributes under section 108(b) of the Internal 
Revenue Code for taxable years in which an S corporation incurs 
discharge of indebtedness income that is excluded under section 108(a). 
The regulations will affect S corporations and their shareholders. The 
collection of information in the regulations requires shareholders to 
inform the S corporation of a shareholder-level tax attribute that the 
S corporation must reduce under section 108(b). Following the tax 
attribute reduction, the S corporation must inform the shareholders of 
the remaining balance, if any, of the shareholder's tax attribute.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 1,000.
    OMB Number: 1545-2262.
    Type of Review: Extension without change of a previously approved 
collection.
    Title: Form 5498-QA (ABLE Account Contribution Information) and 
1099-QA (Distributions from ABLE Accounts).
    Form: 5498-QA, 1099-QA.
    Abstract: This form will be used to report the contributions of 
Achieving a Better Life Experience (ABLE) accounts under IRC 529A. IRS 
uses the information to verify compliance with the reporting rules and 
to verify that the recipient has included the proper

[[Page 81882]]

amount of income on his or her income tax return.
    Affected Public: Private Sector: Businesses or other for-profits; 
farms; Not-for-profit institutions.
    Estimated Annual Burden Hours: 3,600.

    Dated: December 28, 2015.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2015-32913 Filed 12-30-15; 8:45 am]
BILLING CODE 4830-01-P