[Federal Register Volume 83, Number 55 (Wednesday, March 21, 2018)]
[Notices]
[Pages 12461-12464]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-05710]


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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 April 20, 2018 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 Quintana 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: Employer's Annual Railroad Retirement Tax Return.
    OMB Control Number: 1545-0001.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Railroad employers are required to file an annual return 
to report employer and employee Railroad Retirement Tax Act (RRTA). 
Form CT-1 is used for this purpose. IRS uses the information to insure 
that the employer has paid the correct tax.
    Forms: CT-1, CT1X.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 39,455.

    Title: Form 637--Application for Registration For Certain Excise 
Tax Activities.
    OMB Control Number: 1545-0014.
    Type of Review: Revision of a currently approved collection.
    Abstract: Form 637 is used to apply for excise tax registration. 
The registration applies to a person required to be registered under 
IRC section 4101 for purposes of the federal excise tax on taxable fuel 
imposed by IRC 4041 and 4081; and to certain manufacturers or sellers 
and purchasers that must register under IRC 4222 to be exempt from the 
excise tax on taxable articles. The data

[[Page 12462]]

is used to determine if the applicant qualifies for exemption. Taxable 
fuel producers are required by IRC 4101 to register with the Service 
before incurring any tax liability.
    Form: 637.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 22,620.

    Title: Form 1040-SS--U.S. Self-Employment Tax Return; Form 1040-
PR--Planilla Para La Declaracion De La Contribucion Federal Sobre El 
Trabajo Por Cuenta Propia-Puerto Rico; and Anejo H-PR.
    OMB Control Number: 1545-0090.
    Type of Review: Extension without change of a currently approved 
collection.
    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.
    Forms: 1040-SS, 1040-PR, Sch H (Form 1040-PR).
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 2,847,448.

    Title: Sales of Business Property.
    OMB Control Number: 1545-0184.
    Type of Review: Revision of a currently approved collection.
    Abstract: Form 4797 is used to report the details of gains and 
losses from the sale, exchange, involuntary conversion (from other than 
casualty or theft loss), or disposition of the following: Property used 
in your trade or business, depreciable or amortizable property, capital 
and non-capital (other than inventory) assets held in connection with 
the trade or business, or capital assets not reported on Schedule D. 
The form may also be used to compute the recapture amount under section 
179 and 280F(b)(2) when the business use of the property decreases to 
50 percent or below.
    Form: 4797.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 16,454,750.

    Title: Application for Determination of Employee Stock Ownership 
Plan.
    OMB Control Number: 1545-0284.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 5309 is used in conjunction with Form 5300 when 
applying for a determination letter as to a deferred compensation 
plan's qualification status under section 409 or 4975(e)(7) of the 
Internal Revenue Code. The information is used to determine whether the 
plan qualifies.
    Form: 5309.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 26,975.

    Title: Credit for Increasing Research Activities.
    OMB Control Number: 1545-0619.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: IRC section 38 allows a credit against income tax 
(determined under IRC section 41) 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. If you 
are a taxpayer that is not a partnership or S corporation, and your 
only source of this credit is from a partnership, S corporation, 
estate, or trust, you are not required to complete or file this form, 
with the following exception: You are a taxpayer that is an estate or 
trust and the credit can be allocated to beneficiaries.
    Form: 6765.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 285,281.

    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.
    OMB Control Number: 1545-0714.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: To help IRS in its examination of returns filed by tipped 
employees large food or beverage establishments are required to report 
annually information concerning food or beverage operations receipts, 
tips, reported by employees, and in certain cases, the employer must 
allocate tips to certain employees.
    Form: 8027-T.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 488,161.

    Title: T.D. 8043--Manufacturers Excise Taxes and Sporting Goods and 
Firearms and Other Administrative Provisions of Special Application to 
Manufacturers and Retailers Excise Taxes.
    OMB Control Number: 1545-0723.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This document covers regulations previously approved 
which revise and update the regulations on manufacturers excise taxes 
on sporting goods and firearms and other administrative provisions 
especially applicable to manufacturers and retailers excise taxes. The 
IRS requires information relating to the sale and use of specified 
articles be retained by persons claiming credits and refunds of tax. In 
addition, information must be reported to claimants by purchasers of 
those articles, and claimants must file claims with the IRS and supply 
supporting information with the claims. The information is necessary to 
verify that claims submitted are correct and that the claimants are 
entitled to receive a credit or refund of tax from the IRS.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 475,000.

    Title: Form 2678--Employer/Payer Appointment of Agent.
    OMB Control Number: 1545-0748.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: 26 U.S.C. 3504 authorizes an employer to designate a 
fiduciary, agent, etc., to perform the same acts as required of 
employers for purposes of employment taxes. Form 2678 is used by an 
employer to notify the Director, Internal Revenue Service Center, of 
the appointment of an agent to pay wages on behalf of the employer. In 
addition, the completed form is an authorization to withhold and pay 
taxes via Form 941, Employer's Quarterly Federal Tax Return, for the 
employees involved.
    Form: 2678.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 13,731,200.

    Title: Section 301.7245-3, Discharge of Liens; (TD 9410).

[[Page 12463]]

    OMB Control Number: 1545-0854.
    Type of Review: Revision of a currently approved collection.
    Abstract: The Internal Revenue Service needs this information in 
processing a request to sell property of a tax lien at a non-judicial 
sale. This information will be used to determine the amount, if any, to 
which the tax lien attaches.
    Forms: 14497, 14498.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 767.

    Title: Product Liability Losses and Accumulations for Product 
Liability Losses.
    OMB Control Number: 1545-0863.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Generally, a taxpayer who sustains a product liability 
loss must carry the loss back 10 years. However, a taxpayer may elect 
to have such loss treated as a regular net operating loss under section 
172. If desired, such election is made by attaching a statement to the 
tax return. This statement will enable the IRS to monitor compliance 
with the statutory requirements.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,500.

    Title: Continuation Coverage Requirements Applicable to Group 
Health Plans.
    OMB Control Number: 1545-1581.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The previously approved regulations require group health 
plans to provide notices to individuals who are entitled to elect COBRA 
(The Consolidated Omnibus Budget Reconciliation Act of 1985) 
continuation coverage of their election rights. Individuals who wish to 
obtain the benefits provided under the statute are required to provide 
plans notices in the cases of divorce from the covered employee, a 
dependent child's ceasing to be dependent under the terms of the plan, 
and disability. Most plans will require that elections of COBRA 
continuation coverage be made in writing. In cases where qualified 
beneficiaries are short by an insignificant amount in a payment made to 
the plan, the regulations require the plan to notify the qualified 
beneficiary if the plan does not wish to treat the tendered payment as 
full payment. If a health care provider contacts a plan to confirm 
coverage of a qualified beneficiary, the regulations require that the 
plan disclose the qualified beneficiary's complete rights to coverage.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 404,640.

    Title: TD 8851--Return Requirement for United States Persons 
Acquiring or Disposing of an Interest in a Foreign Partnership, or 
Whose Proportional Interest in a Foreign Partnership Changes.
    OMB Control Number: 1545-1646.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The previously approved regulations require group health 
plans to provide notices to individuals who are entitled to elect COBRA 
(The Consolidated Omnibus Budget Reconciliation Act of 1985) 
continuation coverage of their election rights. Individuals who wish to 
obtain the benefits provided under the statute are required to provide 
plans notices in the cases of divorce from the covered employee, a 
dependent child's ceasing to be dependent under the terms of the plan, 
and disability. Most plans will require that elections of COBRA 
continuation coverage be made in writing. In cases where qualified 
beneficiaries are short by an insignificant amount in a payment made to 
the plan, the regulations require the plan to notify the qualified 
beneficiary if the plan does not wish to treat the tendered payment as 
full payment. If a health care provider contacts a plan to confirm 
coverage of a qualified beneficiary, the regulations require that the 
plan disclose the qualified beneficiary's complete rights to coverage.
    Form: None.
    Affected Public: Businesses other for-profits.
    Estimated Total Annual Burden Hours: 1.

    Title: Amended Quarterly Federal Excise Tax Return.
    OMB Control Number: 1545-1759.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 720X is used to make adjustments to correct tax 
liabilities on form 720 filed for previous quarters. It can be filed by 
itself or it can be attached to any subsequent Form 720. Code section 
6416(f) allows taxpayers to take a credit on a subsequent return rather 
than filing a refund claim. Creation of Form 720X is the result of a 
project to provide a uniform standard for trust fund accounting.
    Form: 720X.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 152,460.

    Title: Form 8302--Electronic Deposit of Tax Refund of $1 Million or 
more.
    OMB Control Number: 1545-1763.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: This form is used to request a electronic deposit of a 
tax refund of $1 million or more directly into an account at any U.S. 
bank or other financial institution.
    Form: 8302.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 1,729.

    Title: T.D. 9171, New Markets Tax Credit.
    OMB Control Number: 1545-1765.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: The previously approved regulations provide guidance for 
taxpayers claiming the new markets tax credit under section 45D of the 
Internal Revenue Code. The reporting requirements in the regulations 
require a qualified community development entity (CDE) to provide 
written notice to: (1) Any taxpayer who acquires an equity investment 
in the CDE at its original issue that the equity investment is a 
qualified equity investment entitling the taxpayer to claim the new 
markets tax credits; and (2) each holder of a qualified equity 
investment, including all prior holders of that investment that a 
recapture event has occurred. CDE's must comply with such reporting 
requirements to the Secretary as the Secretary may prescribe.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 210.

    Title: Form 1041-N--U.S. Income Tax Return for Electing Alaska 
Native Settlement Trusts.
    OMB Control Number: 1545-1776.
    Type of Review: Revision of a currently approved collection.
    Abstract: An Alaska Native Settlement Trust (ANST) may elect under 
section 646 to have the special income tax treatment of that section 
apply to the trust and its beneficiaries. This one-time election is 
made by filing

[[Page 12464]]

Form 1041-N. Form 1041-N is used by the ANST to report its income, 
etc., and to compute and pay any income tax. Form 1041-N is also used 
for the special information reporting requirements that apply to ANSTs.
    Form: 1041-N.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 793.

    Title: Information Return of U.S. Persons With Respect To Foreign 
Disregarded Entities; and Transactions Between Foreign Disregarded 
Entity of a Foreign Tax Owner and the Filer.
    OMB Control Number: 1545-1910.
    Type of Review: Revision of a currently approved collection.
    Abstract: Form 8858 and Schedule M (Form 8858) are used by certain 
U.S. persons that own a foreign disregarded entity (FDE) directly or, 
in certain circumstances, indirectly or constructively. The form and 
schedules are used to satisfy the reporting requirements of sections 
6011, 6012, 6031, and 6038, and related regulations.
    Form: 8858, Sch M (F. 8858).
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 733,000.

    Title: TD 9605 (REG-155929-06)--Payout Requirements for Type III 
Supporting Organizations that are not Functionally Integrated.
    OMB Control Number: 1545-2157.
    Type of Review: Existing collection in use without an OMB control 
number.
    Abstract: These regulations reflect changes to the law made by the 
Pension Protection Act of 2006. The regulations will affect Type III 
supporting organizations and their supported organizations. The 
collection of information in the final regulations is in Sec.  
1.509(a)-4(i)(2) and Sec.  1.509(a)-4(i)(6)(v). The collection of 
information under Sec.  1.509(a)-4(i)(2) flows from section 
509(f)(1)(A) of the Internal Revenue Code (Code), which requires a Type 
III supporting organization to provide to each of its supported 
organizations such information as the Secretary may require to ensure 
that the Type III supporting organization is responsive to the needs or 
demands of its supported organization(s). The collection of information 
under Sec.  1.509(a)-4(i)(6)(v) is required only if a Type III 
supporting organization that is not functionally integrated wishes for 
certain amounts set aside for a specific project to count toward the 
distribution requirement imposed by Sec.  1.509(a)-4(i)(5)(ii). TD 9605 
contains both final regulations and temporary regulations regarding the 
requirements to qualify as a Type III supporting organization that is 
operated in connection with one or more supported organizations. The 
regulations reflect changes to the law made by the Pension Protection 
Act of 2006.
    Form: None.
    Affected Public: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 23,988.

    Title: REG-125592-10 (TD 9494), Affordable Care Act Internal Claims 
and Appeals and External review Disclosures.
    OMB Control Number: 1545-2182.
    Type of Review: Revision of a currently approved collection.
    Abstract: Previously approved, Section 2719 of the Public Health 
Service Act, incorporated into Code section 9815 by section 1563(f) of 
the Patient Protection and Affordable Care Act, Public Law 111-148, 
requires group health plans and issuers of group health insurance 
coverage, in connection with internal appeals of claims denials, to 
provide claimants free of charge with any evidence relied upon in 
deciding the appeal that was not relied on in making the initial denial 
of the claim. This is a third party disclosure requirement. Individuals 
appealing a denial of a claim should be able to respond to any new 
evidence the plan or issuer relies on in the appeal, and this 
disclosure requirement is essential so that the claimant knows of the 
new evidence.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,271.

    Title: ABLE Account Contribution Information and Distributions from 
ABLE Accounts.
    OMB Control Number: 1545-2262.
    Type of Review: Reinstatement without change of a previously 
approved collection.
    Abstract: These forms will be used to report the contributions of 
Achieving a Better Life Experience (ABLE) accounts under IRC 529A.
    Any State or its agency or instrumentality that establishes and 
maintains a qualified ABLE program must file a Form 1099-QA 
(Distributions From ABLE Accounts), and/or establishes and maintains a 
qualified ABLE program must file (for each ABLE account), a Form 5498-
QA (ABLE Account Contribution Information) with the Internal Revenue 
Service. IRS uses the information to verify compliance with the 
reporting rules and to verify that the recipient has included the 
proper amount of income on his or her income tax return.
    Forms: 549-QA, 1099-QA.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Annual Burden Hours: 3,600.

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

    Dated: March 16, 2018.
Jennifer P. Quintana,
Treasury PRA Clearance Officer.
[FR Doc. 2018-05710 Filed 3-20-18; 8:45 am]
 BILLING CODE 4830-01-P