[Federal Register Volume 83, Number 188 (Thursday, September 27, 2018)]
[Notices]
[Pages 48894-48895]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-21065]


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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 29, 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 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: U.S. Income Tax Return for Estates and Trusts.
    OMB Control Number: 1545-0092.
    Type of Review: Revision of a currently approved collection.
    Abstract: IRC section 6012 requires that an annual income tax 
return be filed for estates and trusts. Data is used to determine that 
the estates, trusts, and beneficiaries file the proper returns and paid 
the correct tax. The various schedules (Schedule D, I, J, and K-I) are 
used in the collection of information under the various authorizing 
statutes seen below (Legal Statutes). The worksheets are used to figure 
various taxes and deductions. Form 1041-V allows the Internal Revenue 
Service to process the payment more accurately and efficiently. The IRS 
strongly encourages the use of Form 1041-V, but there is no penalty if 
it is not used. The FAQs posted to IRS.gov will assist taxpayers in 
fulfilling their filing obligations for 2017.
    Form: 1041, Schedule D (form 1041), Schedule I (Form 1041), 
Schedule J (Form 1041), Schedule K-1 (Form 1041), 1041-V.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 307,844,800.

    Title: Application for Filing Information Returns Electronically.
    OMB Control Number: 1545-0387.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Under section 6011(e)(2)(a) of the Internal Revenue Code, 
any person, including corporations, partnerships, individuals, estates 
and trusts, who is required to file 250 or more information returns 
must file such returns electronically. Payers required to file 
electronically must complete Form 4419 to receive authorization to 
file.
    Form: 4419.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 6,500.

    Title: T.D. 9013 Limitation on Passive Activity Losses and 
Credits--Treatment on Self-Charged Items of Income and Expense.
    OMB Control Number: 1545-1244.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: These previously approved regulations provide guidance on 
the treatment of self-charged items of income and expense under section 
469. The regulations recharacterize a percentage of certain portfolio 
income and expense as passive income and expense (self-charged items) 
when a taxpayer engages in a lending transaction with a partnership or 
an S corporation (passthrough entity) in which the taxpayer owns a 
direct or indirect interest and the loan proceeds are used in a passive 
activity. Similar rules apply to lending transactions between two 
identically owned passthrough entities. These final regulations affect 
taxpayers subject to the limitations on passive activity losses and 
credits.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 100.

    Title: Form 8849 & Schedules 1,2,3,5,6 & 8--Claim for Refund of 
Excise Taxes.
    OMB Control Number: 1545-1420.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: IRC sections 6402, 6404, 6511 and sections 301.6402-2, 
301.6404-1, and 301.6404-3 of the regulations, allow for refunds of 
taxes (except income taxes) or refund,

[[Page 48895]]

abatement, or credit of interest, penalties, and additions to tax in 
the event of errors or certain actions by IRS. Form 8849 is used by 
taxpayers to claim refunds of excise taxes.
    Form: Schedule 1 (Form 8849), Schedule 2 (Form 8849), Schedule-3 
(Form 8849), Schedule 5 (Form 8849), Schedule 6 (Form 8849), Schedule 8 
(Form 8849), Form 8849.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 946,827.

    Title: Performance & Quality for Small Wind Energy Property.
    OMB Control Number: 1545-2259.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Section 48(a)(3)(D) of the Internal Revenue Code allows a 
credit for energy property which meets, among other requirements, the 
performance and quality standards (if any) which have been prescribed 
by the Secretary by regulations (after consultation with the Secretary 
of Energy), and are in effect at the time of the acquisition of the 
property. Energy property includes small wind energy property.
    This notice provides the performance and quality standards that 
small wind energy property must meet to qualify for the energy credit 
under section 48.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 400.

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

    Dated: September 24, 2018.
Jennifer P. Quintana,
Treasury PRA Clearance Officer.
[FR Doc. 2018-21065 Filed 9-26-18; 8:45 am]
 BILLING CODE 4830-01-P