[Federal Register Volume 84, Number 104 (Thursday, May 30, 2019)]
[Notices]
[Pages 25122-25126]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-11232]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Multiple Internal Revenue Service 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 July 1, 2019 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 8100, 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)

    1. Title: Recapture of Investment Credit.
    OMB Control Number: 1545-0166.
    Type of Review: Revision of a currently approved collection.
    Description: IRC section 50(a) and Regulation section 1.47 require 
that taxpayers attach a statement to their return showing the 
computation of the recapture tax when investment credit property is 
disposed of before the end of the recapture period used in the original 
computation of the investment credit.
    Form: 4255.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 1,320.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 1,320.
    Estimated Time per Response: 9.81 hours.
    Estimated Total Annual Burden Hours: 12,949.
    2. Title: Tax on Accumulation Distribution of Trusts.
    OMB Control Number: 1545-0192.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Form 4970 is used by a beneficiary of a domestic or 
foreign trust to compute the tax adjustment attributable to an 
accumulation distribution. The form is used to verify whether the 
correct tax has been paid on the accumulation distribution.
    Form: 4970.
    Affected Public: Individuals and households.
    Estimated Number of Respondents: 30,000.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 30,000.
    Estimated Time per Response: 1.43 hours.
    Estimated Total Annual Burden Hours: 42,900.
    3. Title: Election to Postpone Determination as to whether the 
Presumption Applies that an activity is engaged in for profit.
    OMB Control Number: 1545-0195.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: This form is used by individuals, partnerships, 
estates, trusts, and S corporations to make an election to postpone an 
IRS determination as to whether an activity is engaged in for profit 
for 5 years (7 years for breeding, training, showing, or racing 
horses). The data is used to verify eligibility to make the election.
    Form: 5213.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 3,541.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 3,541.
    Estimated Time per Response: 46 minutes.
    Estimated Total Annual Burden Hours: 2,762.
    4. Title: Installment Sale Income.
    OMB Control Number: 1545-0228.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Information is needed to figure and report an 
installment sale for a casual or incidental sale of personal property, 
and a sale of real property by someone not in the business of selling 
real estate. Data is used to determine whether the installment sale has 
been properly reported and the correct amount of profit is included in 
income on the taxpayer's return.
    Form: 6252.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 521,898.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 521,898.
    Estimated Time per Response: 3 hours.
    Estimated Total Annual Burden Hours: 1,597,008.
    5. Title: Certificate of Payment of Foreign Death Tax.
    OMB Control Number: 1545-0260.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Form 706-CE is used by the executors of estates to 
certify that foreign death taxes have been paid so that the estate may 
claim the foreign death tax credit allowed by IRS section 2014. The 
information is used by IRS to verify that the proper tax credit has 
been claimed.
    Form: 706-CE.
    Affected Public: Individuals and households.
    Estimated Number of Respondents: 2,250.

[[Page 25123]]

    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 2,250.
    Estimated Time per Response: 1.72 hours.
    Estimated Total Annual Burden Hours: 3,870.
    6. Title: Excise Tax; Tractors, Trailers, Trucks, and Tires; 
Reporting & Recordkeeping Requirements.
    OMB Control Number: 1545-0745.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: This collection contains proposed amendments to the 
Highway Use Tax Regulations (26 CFR part 41), the Manufacturers and 
Retailers Excise Tax Regulations (26 CFR part 48), and the Temporary 
Excise Tax Regulations under the Highway Revenue Act of 1982 (Pub. L. 
97-424) (26 CFR part 145). REG-103380-05 contains proposed regulations 
relating to the excise taxes imposed on the sale of highway tractors, 
trailers, trucks, and tires; the use of heavy vehicles on the highway; 
and the definition of highway vehicle related to these and other taxes. 
These proposed regulations reflect legislative changes and court 
decisions regarding these topics. These proposed regulations affect 
manufacturers, producers, importers, dealers, retailers, and users of 
certain highway tractors, trailers, trucks, and tires.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 7,100.
    Frequency of Response: Annually, On Occasion.
    Estimated Total Number of Annual Responses: 7,100.
    Estimated Time per Response: 41 minutes.
    Estimated Total Annual Burden Hours: 4,890.
    7. Title: Disclosure of reportable transactions.
    OMB Control Number: 1545-0865.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Internal Revenue Code (IRC) 6111 requires a sub-set of 
promoters called ``material advisors'' to disclose information about 
the promotion of certain types of transactions called ``reportable 
transactions.'' Material advisors to any reportable transaction must 
disclose certain information about the reportable transaction by filing 
a Form 8918 with the IRS. Material advisors who file a Form 8918 will 
receive a reportable transaction number from the IRS. Material advisors 
must provide the reportable transaction number to all taxpayers and 
material advisors for whom the material advisor acts as a material 
advisor.
    Form: 8918.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 35.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 35.
    Estimated Time per Response: 14.5 hours.
    Estimated Total Annual Burden Hours: 510.
    8. Title: Information Return for Publicly Offered Original Issue 
Discount Instruments.
    OMB Control Number: 1545-0887.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Form 8281 is filed by the issuer of a publicly offered 
debt instrument having OID. The information is used to update Pub. 
1212, Guide to Original Issue Discount (OID) Instruments, to enable 
brokers and other middlemen to identify publicly traded OID 
obligations, which they may hold as nominees for the true owners, so 
that they can meet the requirement to file Forms 1099-INT and 1099-OID 
as required by section 6049.
    Form: 8281.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 500.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 500.
    Estimated Time per Response: 6.1 hours.
    Estimated Total Annual Burden Hours: 3,060.
    9. Title: Registration Requirements with Respect to Debt 
Obligations.
    OMB Control Number: 1545-0945.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: The previously approved rule requires an issuer of a 
registration-required obligation and any person holding the obligation 
as a nominee or custodian on behalf of another to maintain ownership 
records in a manner which will permit examination by the IRS in 
connection with enforcement of the Internal Revenue laws.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 50,000.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 50,000.
    Estimated Time per Response: 1 hour.
    Estimated Total Annual Burden Hours: 50,000.
    10. Title: Return of Excise Tax on Undistributed Income of 
Regulated Investment Companies.
    OMB Control Number: 1545-1016.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Form 8613 is used by regulated investment companies to 
compute and pay the excise tax on undistributed income imposed under 
section 4982. IRS uses the information to verify that the correct 
amount of tax has been reported.
    Form: 8613.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 1,500.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 1,500.
    Estimated Time per Response: 11.8 hours.
    Estimated Total Annual Burden Hours: 17,820.
    11. Title: Allocation of Estimated Tax Payments to Beneficiaries.
    OMB Control Number: 1545-1020.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: This form was developed to allow a trustee of a trust 
or an executor of an estate to make an election under IRC section 
643(g) to allocate any payment of estimated tax to a beneficiary(ies). 
This form serves as a transmittal so that Service Center personnel can 
determine the correct amounts that are to be transferred from the 
fiduciary's account to the individual's account.
    Form: 1041-T.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 1,000.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 1,000.
    Estimated Time per Response: 59 minutes
    Estimated Total Annual Burden Hours: 990.
    12. Title: Recapture of Low-Income Housing Credit.
    OMB Control Number: 1545-1035.
    Type of Review: Revision of a currently approved collection.
    Description: IRC section 42 permits owners of residential rental 
projects providing low-income housing to claim a credit against their 
income tax. If the

[[Page 25124]]

property is disposed of or it falls to meet certain requirements over a 
15-year compliance period and a bond is not posted, the owner must 
recapture on Form 8611 part of the credit(s) taken in prior years.
    Form: 8611.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 100.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 100
    Estimated Time per Response: 9.56 hours.
    Estimated Total Annual Burden Hours: 956.
    13. Title: Application for Withholding Certificate for Dispositions 
by Foreign Persons of U.S. Real Property Interests.
    OMB Control Number: 1545-1060.
    Type of Review: Revision of a currently approved collection.
    Description: Form 8288-B is used to apply for a withholding 
certification from IRS to reduce or eliminate the withholding required 
by section 1445.
    Form: 8288-B.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 508.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 508.
    Estimated Time per Response: 5.75 hours.
    Estimated Total Annual Burden Hours: 2,926.
    14. Title: Certain Cash or Deferred Arrangements and Employee and 
Matching Contributions under Employee Plans and Retirement Plans; Cash 
or Deferred Arrangements.
    OMB Control Number: 1545-1069.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: The IRS needs this information to insure compliance 
with sections 401(k), 401(m), and 4979 of the Internal Revenue Code. 
Certain additional taxes may be imposed if sections 401(k) and 401(m) 
are not complied with.
    Form: None.
    Affected Public: Businesses or other for profits.
    Estimated Number of Respondents: 355,500.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 355,500.
    Estimated Time per Response: 2.98 hours per response.
    Estimated Total Annual Burden Hours: 1,060,000.
    15. Title: TD 8400--(Final) Taxation of Gain or Loss from Certain 
Nonfunctional Currency Transactions (Section 988 Transactions).
    OMB Control Number: 1545-1131.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: This document, TD 8400, contains previously approved 
final regulations regarding the taxation of gain or loss from certain 
foreign currency transactions and applies to taxpayers engaging in such 
transactions. Section 988 of the Internal Revenue Code concerns the 
taxation of exchange gain or loss on certain foreign currency 
denominated transactions. Such gains and losses are characterized as 
ordinary income or loss. However, under section 988(a)(1)(B) taxpayers 
may elect to characterize exchange gain or loss on certain transactions 
as capital gain or loss. Section 1.988-3(b) of the regulations provides 
the procedure for making the election. Under section 988(c)(1)(D)(ii), 
taxpayers may elect to have regulated futures contracts and certain 
options (which generally are not subject to section 988) treated as 
section 988 transactions. Sections 1.988-1(a)(4)(iii) and (iv) provide 
the procedure for making that election. Under section 
988(c)(1)(E)(iii), a commodity fund may elect special treatment under 
section 988. Section 1.988-1(a)(5)(iv) provides the procedure for 
making that election. Under section 988(d) taxpayers may receive 
special treatment if they identify certain transactions. The 
identification rules are in sections 1.988-5(a)(8), 1.988-5(b)(3), 
1.988-5(c)(2) and 1.988-5(d)(2)(i)(A).
    Form: None.
    Affected Public: Businesses or other for profits.
    Estimated Number of Respondents: 5,000.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 5,000.
    Estimated Time per Response: .67 hours per response.
    Estimated Total Annual Burden Hours: 3,333.
    16. Title: Change of Address (For Individual, Gift, Estate, or 
Generation-Skipping Transfer Tax Returns) and Change of Address--
Business.
    OMB Control Number: 1545-1163.
    Type of Review: Revision of a currently approved collection.
    Description: Form 8822 and 8822-B are used by taxpayers to furnish 
their change of address to the Internal Revenue Service. Form 8822 is 
used by individual taxpayers while Form 8822-B will be used by business 
taxpayers.
    Form: 8822, 8822-B.
    Affected Public: Individuals or Households, Businesses or other for 
profits.
    Estimated Number of Respondents: 860,500.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 860,500.
    Estimated Time per Response: .3 hours per response.
    Estimated Total Annual Burden Hours: 222,942.
    17. Title: INTL-21-91 (TD 8656--Final) Section 6662--Imposition of 
the Accuracy-Related Penalty.
    OMB Control Number: 1545-1426.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: These previously approved regulations provide guidance 
about substantial and gross valuation misstatements as defined in 
sections 6662(e) and 6662(h). They also provide guidance about the 
reasonable cause and good faith exclusion. The regulations apply to 
taxpayers who have transactions between persons described in section 
482 and not section 482 transfer price adjustments.
    Form: None.
    Affected Public: Businesses or other for profits.
    Estimated Number of Respondents: 2,500.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 2,500.
    Estimated Time per Response: 8.05 hours per response.
    Estimated Total Annual Burden Hours: 20,125.
    18. Title: Voluntary Customer Surveys to Implement E.O. 12862 
Coordinated by the Corporate Planning and Performance Division on 
Behalf of All IRS Operations Functions.
    OMB Control Number: 1545-1432.
    Type of Review: Revision of a currently approved collection.
    Description: This is a generic clearance for an undefined number of 
customer satisfaction and opinion surveys and focus group interviews to 
be conducted over the next three years. Surveys and focus groups 
conducted under the generic clearance are used by the Internal Revenue 
Service to determine levels of customer satisfaction as well as 
determining issues that contribute to customer burden. This information 
will be used to make quality improvements to products and services.
    Form: Generic Customer Feedback Surveys.
    Affected Public: Individuals or households, business or other for-
profit organizations, not-for-profit institutions, farms and Federal, 
state, local or tribal governments.
    Estimated Number of Respondents: 100,000.

[[Page 25125]]

    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 100,000.
    Estimated Time per Response: .25 hours per response.
    Estimated Total Annual Burden Hours: 40,000.
    19. Title: TD 8643 (Final) Distributions of Stock and Stock Rights.
    OMB Control Number: 1545-1438.
    Type of Review: Revision of a currently approved collection.
    Description: The requested information is required to notify the 
Service that a holder of preferred stock callable at a premium by the 
issuer has made a determination regarding the likelihood of exercise of 
the right to call that is different from the issuer's determination.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 2,000.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 2,000.
    Estimated Time per Response: .17 hours per response.
    Estimated Total Annual Burden Hours: 333.
    20. Title: Empowerment Zone Employment Credit.
    OMB Control Number: 1545-1444.
    Type of Review: Revision of a currently approved collection.
    Description: The empowerment zone employment (EZE) credit is part 
of the general business credit under section 38. However, unlike the 
other components of the general business credit, taxpayers are allowed 
to offset 25 percent of their alternative minimum tax with the EZE 
credit.
    Form: 8844.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 25.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 25.
    Estimated Time per Response: 6.33 hours per response.
    Estimated Total Annual Burden Hours: 158.
    21. Title: Form 5304-SIMPLE; Form 5305-SIMPLE; Notice 98-4.
    OMB Control Number: 1545-1502.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Forms 5304-SIMPLE and 5035-SIMPLE are used by an 
employer to permit employees to make salary reduction contributions to 
a savings incentive match plan (SIMPLE IRA) described in Code section 
408(p). These forms are not to be filed with IRS, but to be retained in 
the employers' records as proof of establishing such a plan, thereby 
justifying a deduction for contributions made to the SIMPLE IRA. The 
data is used to verify the deduction. Notice 98-4 provides guidance for 
employers and trustees regarding how they can comply with the 
requirements of Code section 408(p) in establishing and maintaining a 
SIMPLE Plan
    Form: 5304 Simple, 5305 Simple.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 600,000.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 600,000.
    Estimated Time per Response: 3.52 hours per response.
    Estimated Total Annual Burden Hours: 2,113,000.
    22. Title: Notice 97-34--Information Reporting on Transactions With 
Foreign Trusts and on Large Foreign Gifts.
    OMB Control Number: 1545-1538.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: This notice provides guidance on the foreign trust and 
foreign gift information reporting provisions contained in the Small 
Business Job Protection Act of 1996.
    Form: None.
    Affected Public: Businesses or other for profits.
    Estimated Number of Respondents: 5,000.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 5,000.
    Estimated Time per Response: .75 hours per response.
    Estimated Total Annual Burden Hours: 3,750.
    23. Title: Changes in Corporate Control and Capital Structure.
    OMB Control Number: 1545-1814.
    Type of Review: Revision of a currently approved collection.
    Description: Any corporation that undergoes reorganization under 
Regulation section 1.6043-4T with stock, cash, and other property over 
$100 million must file Form 1099-CAP with the IRS shareholders.
    Form: 1099-CAP.
    Affected Public: Businesses or other for profits.
    Estimated Number of Respondents: 600.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 600.
    Estimated Time per Response: .18 hours per response.
    Estimated Total Annual Burden Hours: 108.
    24. Title: Disclosure of Returns and Return Information to Designee 
of Taxpayer.
    OMB Control Number: 1545-1816.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Under section 6103(a), returns and return information 
are confidential unless disclosure is otherwise authorized by the Code. 
Section 6103(c), as amended in 1996 by section 1207 of the Taxpayer 
Bill of Rights II, Public Law 104-168 (110 Stat. 1452), authorizes the 
IRS to disclose returns and return information to such person or 
persons as the taxpayer may designate in a request for or consent to 
disclosure, or to any other person at the taxpayer's request to the 
extent necessary to comply with a request for information or assistance 
made by the taxpayer to such other person. Disclosure is permitted 
subject to such requirements and conditions as may be prescribed by 
regulations. With the amendment in 1996, Congress eliminated the 
longstanding requirement that disclosures to designees of the taxpayer 
must be pursuant to the written request or consent of the taxpayer.
    Form: None.
    Affected Public: Businesses or other for profits.
    Estimated Number of Respondents: 4,000.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 4,000.
    Estimated Time per Response: .2 hours per response.
    Estimated Total Annual Burden Hours: 800.
    25. Title: Excise Tax on Structured Settlement Factoring 
Transactions.
    OMB Control Number: 1545-1826.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Form 8876 is used to report and pay the 40% excise tax 
imposed under section 5891 on the factoring discount of a structured 
settlement factoring transaction.
    Form: 8876.
    Affected Public: Businesses or other for profits.
    Estimated Number of Respondents: 100.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 100.
    Estimated Time per Response: 5.6 hours per response.
    Estimated Total Annual Burden Hours: 560.
    26. Title: Systemic Advocacy Issue Submission Form.

[[Page 25126]]

    OMB Control Number: 1545-1832.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Form 14411 is to be used by individuals, businesses, 
practitioners and other public groups to identify systemic problems 
that taxpayers are encountering with IRS. This form will be submitted 
electronically via the IRS.gov website. Mailed or faxed forms will be 
accepted and are necessary.
    Form: 14411.
    Affected Public: Businesses or other for profits.
    Estimated Number of Respondents: 420.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 420.
    Estimated Time per Response: .8 hours per response.
    Estimated Total Annual Burden Hours: 336.
    27. Title: Form 8621-A--Return by a Shareholder Making Certain Late 
Elections To End Treatment as a Passive Foreign Investment Company.
    OMB Control Number: 1545-1950.
    Type of Review: Revision of a currently approved collection.
    Description: Form 8621-A is used by certain taxpayer/investors to 
request ending of their treatment as investing in a Passive Foreign 
Investment Company. New regulations are being written in support of the 
new products. The underlying law is in IRC sections 1297 and 1298. This 
is a reinstatement of a previously approved OMB collection.
    Form: 8621-A.
    Affected Public: Individuals or Households.
    Estimated Number of Respondents: 1.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 1.
    Estimated Time per Response: 78.5 hours per response.
    Estimated Total Annual Burden Hours: 79.
    28. Title: Form 13285-A--Reducing Tax Burden on America's 
Taxpayers.
    OMB Control Number: 1545-2009.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Form 13285-A is used by taxpayers and external 
partners and stakeholders to identify meaningful taxpayer burden 
reduction opportunities. Employees will make the forms available at 
education and outreach events.
    Form: 13285-A.
    Affected Public: Businesses or other for profits.
    Estimated Number of Respondents: 250.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 250.
    Estimated Time per Response: .25 hours per response.
    Estimated Total Annual Burden Hours: 62.
    29. Title: Revocation of Election filed under I.R.C. 83(b).
    OMB Control Number: 1545-2018.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: This revenue procedure sets forth the procedures to be 
followed by individuals who wish to request permission to revoke the 
election they made under section 83(b).
    Form: None.
    Affected Public: Individuals or Households.
    Estimated Number of Respondents: 200.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 200.
    Estimated Time per Response: 2 hours per response.
    Estimated Total Annual Burden Hours: 400.
    30. Title: Obligations principally secured by an interest in real 
property.
    OMB Control Number: 1545-2110.
    Type of Review: Revision of a currently approved collection.
    Description: This collection covers final regulations under section 
1.860G-2 that expand the list of permitted loan modifications to 
include certain modifications that are often made to commercial 
mortgages. The collection of information in this regulation is in 
section 1.860G-2(b) (7). To establish that the 80-percent test is met 
at the time of modification, the servicer must obtain an appraisal or 
some other form of commercially reasonable valuation (the appraisal 
requirement). This information is required to show that modifications 
to mortgages permitted will not cause the modified mortgage to cease to 
be a qualified mortgage.
    Form: None.
    Affected Public: Businesses or other for profits.
    Estimated Number of Respondents: 375.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 375.
    Estimated Time per Response: 8 hours per response.
    Estimated Total Annual Burden Hours: 3,000.
    31. Title: Benefit suspensions for multiemployer plans.
    OMB Control Number: 1545-2260.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Respondents are sponsors of collectively bargained 
retirement trusts in significant financial distress. The MPRA allows a 
respondent to apply to Treasury for approval to suspend benefit 
payments. If an application is approved, Treasury must then administer 
a vote by participants on whether to accept or reject the suspension. 
The regulation provides detailed voting procedures. The information 
collection is necessary to establish the voting process.
    Form: None.
    Affected Public: Businesses or other for profits.
    Estimated Number of Respondents: 28.
    Frequency of Response: Once.
    Estimated Total Number of Annual Responses: 28.
    Estimated Time per Response: 500 hours per response.
    Estimated Total Annual Burden Hours: 14,000.


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

    Dated: May 23, 2019.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2019-11232 Filed 5-29-19; 8:45 am]
 BILLING CODE 4830-01-P