[Federal Register Volume 82, Number 182 (Thursday, September 21, 2017)]
[Notices]
[Pages 44250-44252]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-20091]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Multiple IRS Information Collection Requests

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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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, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before October 23, 2017 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 8142, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Jennifer Leonard by emailing [email protected], calling 
(202) 622-0489, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS)

    Title: Time and Manner of Making Certain Elections Under the 
Technical and Miscellaneous Revenue Act of 1988 (26 CFR 301.9100-8).
    OMB Control Number: 1545-1112.
    Type of Review: Revision of a currently approved collection.
    Abstract: Section 301.9100-8 establishes various elections with 
respect to which immediate interim guidance on the time and manner of 
making the elections is necessary. These regulations enable taxpayers 
to take advantage of the benefits of various Code provisions.
    Forms: None.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 6,010.

    Title: Election to Expense Certain Depreciable Business Assets.
    OMB Control Number: 1545-1201.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: A taxpayer may elect to treat the cost of any section 179 
property as an expense which is not chargeable to capital account. Any 
cost so treated shall be allowed as a deduction for the taxable year in 
which the section 179 property is placed in service. The regulations 
provide rules on the election described in section 179(b)(4); the 
apportionment of the dollar limitation among component members of a 
controlled group; the proper order for deducting the carryover of 
disallowed deduction; and the maintenance of information which permits 
the specific identification of each piece of section 179 property and 
reflects how and from whom such property was acquired and when such 
property was placed in service. The recordkeeping and reporting is 
necessary to monitor compliance with the section 179 rules.
    Forms: None.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 3,015,000.

    Title: Disabled Access Credit.
    OMB Control Number: 1545-1205.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Code section 44 allows eligible small businesses to claim 
a non-refundable income tax credit of 50% 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.
    Forms: 8826.
    Affected Public: Businesses or other for Profits.
    Estimated Total Annual Burden Hours: 89,027.

    Title: PS-78-91 (TD 8521) (TD 8859) Procedures for Monitoring 
Compliance with Low-Income Housing Credit Requirements; PS-50-92 Rules 
to Carry Out the Purposes of Section 42 and for Correcting.
    OMB Control Number: 1545-1357.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The regulations require state allocation plans to provide 
a procedure for state and local housing credit agencies to monitor for 
compliance with the requirements of section 42 and report any 
noncompliance to the IRS; covers the Secretary's authority to provide 
guidance under section 42, and provide for the correction of 
administrative errors and omissions made in connection with allocations 
of low-income housing credit dollar amounts and recordkeeping within a 
reasonable period after their discovery, and regulations that affect 
State and local housing credit agencies, owners of building projects 
for which the low income housing credit is allocated, and taxpayers 
claiming the low-income housing credit.
    Forms: None.
    Affected Public: Businesses or other for-profits; State, local, and 
tribal governments.
    Estimated Total Annual Burden Hours: 104,899.

    Title: Form 3911--Taxpayer Statement Regarding Refund.
    OMB Control Number: 1545-1184.
    Type of Review: Extension without change of a previously approved 
collection.
    Abstract: If taxpayer inquires about their non-receipt of refund 
(or lost or stolen refund) and the refund has been issued, the 
information and taxpayer signature are needed to begin tracing action.
    Forms: Form 3911.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 16,600.

    Title: Source of Income From Sales of Inventory and Natural 
Resources Produced in One Jurisdiction and Sold in Another 
Jurisdiction.
    OMB Control Number: 1545-1476.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Section 863(a) authorizes the Secretary to promulgate 
regulations allocating and apportioning to U.S. or foreign sources all 
items of income not described in sections 861 and 862. The regulations 
provide rules for determining the amount of U.S. or foreign source 
income from cross border sales. The regulations provide amendments to 
the existing regulations. Section 1.863 l(b)(6) requires a statement to 
be attached to a return explaining the methodology used to determine 
fair market value and any

[[Page 44251]]

additional production activities performed by the taxpayer, and Sec.  
1.863 3(e)(2) requires a taxpayer who uses a method to determine income 
attributed to production activities and sales (as described in Sec.  
1.863 3(b)), must fully explain in a statement attached to the return 
the methodology used, the circumstances justifying use of that 
methodology, the extent that sales are aggregated, and the amount of 
income allocated. This information is used to enable the IRS to 
determine if the taxpayer has properly determined the source of its 
income.
    Forms: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,250.

    Title: TD 9595 (REG-141399-07) Consolidated Overall Foreign Losses, 
Separate Limitation Losses, and Overall Domestic Losses.
    OMB Control Number: 1545-1634.
    Type of Review: Extension without change of a currently approved 
collection.
    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.
    Forms: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 3,000.

    Title: Exclusions From Gross Income of Foreign Corporations.
    OMB Control Number: 1545-1677.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This document contains rules implementing the portions of 
section 883(a) and (c) of the Internal Revenue Code that relate to 
income derived by foreign corporations from the international operation 
of a ship or ships or aircraft. The rules provide, in general, that a 
foreign corporation organized in a qualified foreign country and 
engaged in the international operation of ships or aircraft shall 
exclude qualified income from gross income for purposes of United 
States Federal income taxation, provided that the corporation can 
satisfy certain ownership and related documentation requirements.
    Forms: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 23,900.

    Title: Revenue Procedure 2001-56, Demonstration Automobile Use.
    OMB Control Number: 1545-1756.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This revenue procedure provides optional simplified 
methods for determining the value of the use of demonstration 
automobiles provided to employees by automobile dealerships.
    Forms: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 100,000.

    Title: Disclosure of Returns and Return Information by Other 
Agencies.
    OMB Control Number: 1545-1757.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: In general, under the regulations, the IRS is permitted 
to authorize agencies with access to returns and return information 
under section 6103 of the Internal Revenue Code to redisclose returns 
and return information based on a written request and with the 
Commissioner's approval, to any authorized recipient set forth in Code 
section 6103, subject to the same conditions and restrictions, and for 
the same purposes, as if the recipient had received the information 
from the IRS directly.
    Forms: None.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Annual Burden Hours: 11.

    Title: Form 8886, Reportable Transaction Disclosure Statement; Form 
14234, Pre-CAP and CAP Application Form.
    OMB Control Number: 1545-1800.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 8886: Regulations section 1.6011-4 provides that 
certain taxpayers must disclose their direct or indirect participation 
in reportable transactions when they file their Federal income tax 
return. Pre-CAP and CAP Application Form (Form 14234): The Compliance 
Assurance Process (CAP) is a strictly voluntary program available to 
Large Business and International (LB&I) Division taxpayers that meet 
the selection criteria. CAP is a real-time review of completed business 
transactions during the CAP year with the goal of providing certainty 
of the tax return within 90 days of the filing. Taxpayers in CAP are 
required to be cooperative and transparent and report all material 
issues and items related to completed business transactions to the 
review team.
    Forms: 8886, 14234.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 913,698.

    Title: Form 13551--Application to Participate in the IRS Acceptance 
Agent Program.
    OMB Control Number: 1545-1896.
    Type of Review: Revision of a currently approved collection.
    Abstract: The Internal Revenue Service will collect on Form 13551, 
information from individuals or an entity to enable the IRS to 
determine whether persons qualify as acceptance agent or a certified 
acceptance agent. The collection of information is required to obtain 
an acceptance agent agreement. The use of acceptance agents is in 
accordance with section 301.6109-1(d)(3)(iv) of the Regulations..
    Forms: 13551.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 6,413.

    Title: Notice 2005-4, Fuel Tax Guidance, as modified.
    OMB Control Number: 1545-1915.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Notice 2005-4 provides guidance on certain excise tax 
provisions in the Internal Revenue Code that were added or affected by 
the American Jobs Creation Act of 2004 (Pub. L. 108-357) (Act). These 
provisions relate to: Alcohol and biodiesel fuels; the definition of 
off-highway vehicles; aviation-grade kerosene; claims related to diesel 
fuel used in certain buses; the display of registration on certain 
vessels; claims related to sales of gasoline to state and local 
governments and nonprofit educational organizations; two party 
exchanges of taxable fuel; and the classification of transmix and 
certain diesel fuel blendstocks as diesel fuel. Subsequent 
modifications were made to Notice 2005-4, by Notice 2005-24 and 2005-62 
to make corrections and provide additional guidance. Notice 2005-80 
modifies 2005-4 to provide guidance on certain excise tax provisions 
added or affected by the Energy Policy Act of 2005 (Pub. L 109-58) and 
the Safe, Accountable, Flexible, Efficient Transportation Equity Act 
(Pub. L. 109-59).

[[Page 44252]]

    Forms: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 76,190.


    Title: Designated Roth Contributions to Cash or Deferred 
Arrangements Under Section 401(k).
    OMB Control Number: 1545-1931.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The final 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)-1(f)(3) 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.
    Forms: None.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Annual Burden Hours: 157,500.

    Title: Late Filing of Certification or Notices.
    OMB Control Number: 1545-2098.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: As a means of assuring payment of taxes under section 
897, section 1445(a) requires the transferee of a U.S. real property 
interest to withhold 10 percent of the amount realized by the foreign 
person on the disposition of the U.S. real property interest. Other 
provisions of section 1445 require withholding on certain distributions 
by certain entities. This revenue procedure provides a simplified 
method for taxpayers to request relief for late filings under sections 
1.897-2(g)(1)(ii)(A), 1.897-2(h), 1.1445-2(c)(3)(i), 1.1445-2(d)(2), 
1.1445-5(b)(2), and 1.1445-5(b)(4) of the Income Tax Regulations.
    Forms: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,000.

    Title: Form 15597--Foreclosure Sale Purchaser Contact Information 
Request.
    OMB Control Number: 1545-2199.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This form is used to gather contact information of the 
purchaser from a 3rd party foreclosure sale when the IRS is considering 
the redemption of the property.
    Forms: 15597.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 613.

    Title: Form 8940--Request for Miscellaneous Determination.
    OMB Control Number: 1545-2211.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 8940 standardizes information collection procedures 
for 9 categories of individually written requests for miscellaneous 
determinations now submitted to the Service by requestor letter. 
Respondents are exempt organizations.
    Forms: 8940.
    Affected Public: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 28,959.

    Authority:  44 U.S.C. 3501 et seq.

    Dated: September 15, 2017.
Jennifer P. Leonard,
Treasury PRA Clearance Officer.
[FR Doc. 2017-20091 Filed 9-20-17; 8:45 am]
 BILLING CODE 4830-01-P