[Federal Register Volume 81, Number 145 (Thursday, July 28, 2016)]
[Notices]
[Pages 49716-49717]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-17885]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 25, 2016.
    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 29, 2016 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimates, or any other 
aspect of the information collections, 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 8117, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained by emailing [email protected], calling (202) 622-1295, or 
viewing the entire information collection request at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Control Number: 1545-0096.
    Type of Review: Extension of a currently approved collection.
    Title: Dividend Equivalents from Sources within the United States 
REG-120282-10 (TD 9734) & Forms 1042, 1042-S and 1042-T.
    Form: Forms 1042, 1042-S, 1042-T.
    Abstract: Form 1042 is used to report tax withheld under chapter 3 
of the Internal Revenue Code (IRC) on certain income of foreign 
persons, including nonresident aliens, foreign partnerships, foreign 
corporations, foreign estates, and foreign trusts; tax withheld under 
chapter 4 on withholdable payments; tax withheld pursuant to Code 
section 5000C on specified federal procurement payments; and payments 
that are reported on Form 1042-S under chapters 3 or 4. Form 1042-T is 
used to transmit paper Forms 1042-S, Foreign Person's U.S. Source 
Income Subject to Withholding, to the IRS.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,945,594.

    OMB Control Number: 1545-0145.
    Type of Review: Extension of a currently approved collection.
    Title: Notice to Shareholder of Undistributed Long-Term Capital 
Gains.
    Form: Form 2439.
    Abstract: Form 2439 is used to provide shareholders of a regulated 
investment company (RIC) or a real estate investment trust (REIT) the 
amount of undistributed long-term capital gains.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 29,995.

    OMB Control Number: 1545-0160.
    Type of Review: Extension of a currently approved collection.
    Title: Form 3520-A, Annual Information Return of Foreign Trust With 
a U.S. Owner.
    Form: Form 3520-A.
    Abstract: Form 3520-A is the annual information return of a foreign 
trust with at least one U.S. owner. The form provides information about 
the foreign trust, its U.S. beneficiaries, and any U.S. person who is 
treated as an owner of any portion of the foreign trust under the 
grantor trust rules (as described in IRC sections 671 through 679).
    Affected Public: Individuals or households.
    Estimated Total Annual Burden Hours: 21,700.

    OMB Control Number: 1545-0755.
    Type of Review: Extension of a currently approved collection.
    Title: Related Group Election With Respect to Qualified Investments 
in Foreign Base Company Shipping Operations.
    Abstract: Treasury Decision (TD) 7959 contains final income tax 
regulations relating to the election made by a related group to 
determine foreign base company shipping income and qualified 
investments in foreign base company shipping operations on a related 
group basis. The information collection involves the requirement for a 
U.S. shareholder to provide a statement to make the election.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 205.

    OMB Control Number: 1545-1341.
    Type of Review: Reinstatement of a previously approved collection.
    Title: TD 8619 (Final) (EE-43-92l) Direct Rollovers and 20-Percent 
Withholding Upon Eligible Rollover Distributions From Qualified Plans.
    Abstract: TD 8619 contains final regulations relating to eligible 
rollover distributions from tax-qualified retirement plans and section 
403(b) annuities.

[[Page 49717]]

    Affected Public: Individuals or households.
    Estimated Total Annual Burden Hours: 643,369.

    OMB Control Number: 1545-1450.
    Type of Review: Extension of a currently approved collection.
    Title: Debt Instructions With Originals Issue Discount; Contingent 
Payments; Anti-Abuse Rule (TD 8674).
    Abstract: The collections of information contained in the final 
regulations in TD 8674 are required to determine a taxpayer's interest 
income or deductions on a contingent payment debt instrument.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 89,000.

    OMB Control Number: 1545-1660.
    Type of Review: Reinstatement of a previously approved collection.
    Title: Notice 99-43, Nonrecognition Exchanges under Section 897.
    Abstract: The collections of information required by this notice 
are in Temp. Reg. Sec.  1.897-6T(a)(1) and 1.897-5T(d)(1)(iii), Treas. 
Reg. Sec.  1.1445-2(d)(2)(i)(A) and Temp. Reg. Sec.  1.1445-9T. This 
information will be used to obtain exemptions from tax under certain 
nonrecognition transactions and to satisfy reporting requirements 
regarding these nonrecognition transactions. This information will be 
used by the IRS to verify whether a taxpayer is entitled to exemption 
from tax under a nonrecognition transaction.
    Affected Public: Individuals or households; Businesses or other 
for-profits.
    Estimated Total Annual Burden Hours: 200.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2016-17885 Filed 7-27-16; 8:45 am]
 BILLING CODE 4830-01-P