[Federal Register Volume 84, Number 249 (Monday, December 30, 2019)]
[Notices]
[Pages 72141-72142]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-28111]


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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 January 29, 2020 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 Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    1. Title: Notice 2009-83--Credit for Carbon Dioxide Sequestration 
Under Section 45Q.
    OMB Control Number: 1545-2153.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: This notice sets forth interim guidance, pending the 
issuance of regulations, relating to the credit for carbon dioxide 
sequestration (CO2 sequestration credit) under Sec.  45Q of the 
Internal Revenue Code.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 30.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 30.
    Estimated Time per Response: 6 hours.
    Estimated Total Annual Burden Hours: 180.
    2. Title: Disclosure of returns and return information.
    OMB Control Number: 1545-2154.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Subject to such requirements and conditions as the 
Secretary may prescribe by regulation, section 6103 (c) of the Internal 
Revenue Code authorizes the Internal Revenue Service to disclose a 
taxpayer's return or return information to such person or persons as 
the taxpayer may designate in a request for or consent to such 
disclosure, or to any other person at the taxpayer's request to the 
extent necessary to comply with the taxpayer's request to such other 
person for information or assistance. This regulation (Sec.  
301.6103(c)-1), contains the requirements that must be met before, and 
the conditions under which, the Internal Revenue Service may make such 
disclosures.
    Individuals can use Form 4506T-EZ to request a tax return 
transcript that includes most lines of the original tax return. The tax 
return transcript will not show payments, penalty assessments, or 
adjustments made to the originally filed return. Form 4506T-EZ (SP) is 
the Spanish translated version of the Form 4506T-EZ. It is also used to 
request a tax return transcript that includes most lines of the 
original tax return.
    Form: 4506T-EZ, 4506T-EZ (SP).
    Affected Public: Individuals and households.
    Estimated Number of Respondents: 5,277,136.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 5,277,136.
    Estimated Time per Response: 47 minutes.
    Estimated Total Annual Burden Hours: 4,143,302.
    3. Title: Production Tax Credit for Refined Coal.
    OMB Control Number: 1545-2158.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: This notice sets forth interim guidance pending the 
issuance of regulations relating to the tax credit under Sec.  45 of 
the Internal Revenue Code (Code) for refined coal. Taxpayer must file 
certification that its refined coal has achieved 'qualified emissions 
reduction' with its tax return in order to claim the production tax 
credit for refined coal.

[[Page 72142]]

    Form: None.
    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: 15.
    Estimated Total Annual Burden Hours: 1,500.
    4. Title: Extended Carryback of Losses to or from a Consolidated 
Group (TD 9490--Final).
    OMB Control Number: 1545-2171.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: This document contains final and temporary regulations 
under section 1502 that affect corporations filing consolidated 
returns. These regulations contain rules regarding the implementation 
of section 172(b)(1)(H) within a consolidated group. These regulations 
also permit certain acquiring consolidated groups to elect to waive all 
or a portion of the pre-acquisition carryback period pursuant to 
section 172(b)(1)(H) for specific losses attributable to certain 
acquired members. This project amends Sec.  1.1502-21 to implement the 
revisions to Code section 172(b)(1)(H), which extend the carryback 
period for NOLs to five years, enacted by the Worker, Homeownership, 
and Business Assistance Act of 2009 (``WHBAA'') that the President 
signed on Nov. 6, 2009 (Pub. L. 111-92).
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 4,000.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 4,000.
    Estimated Time per Response: 15 minutes.
    Estimated Total Annual Burden Hours: 1,000.
    5. Title: Form 14417--Reimbursable Agreement--Non-Federal Entities; 
Form 14417-A--Statistics of Income--User Fee.
    OMB Control Number: 1545-2235.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Information collected with this form will be used by 
the IRS to enter into cost reimbursable agreements with state, local, 
foreign government, and commercial entities. The authority to perform 
services on a cost reimbursable basis is contained in Section 6103(p) 
of the Internal Revenue Code. Performance of services is authorized 
when consistent with the basic public obligations of the IRS.
    Form: 14417, 14417-A.
    Affected Public: Businesses or other for-profits, State, local & 
foreign governments.
    Estimated Number of Respondents: 300.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 310.
    Estimated Time per Response: 30 minutes for Form 14417 and 1 hour 
for Form 14417-A.
    Estimated Total Annual Burden Hours: 160.
    6. Title: Revenue Procedure 141793-11 (Rev. Proc. 2014-49).
    OMB Control Number: 1545-2237.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: This revenue procedure provides guidance to State 
housing credit agencies (Agencies) and owners of low-income buildings 
(Owners) regarding the suspension of certain income limitation 
requirements under section 42 of the Internal Revenue Code for certain 
low-income housing tax credit properties affected by major disaster 
areas declared by the President under the Robert T. Stafford Disaster 
Relief and Emergency Assistance Act, 42 U.S.C. 5121 et seq. (Stafford 
Act).
    Form: None.
    Affected Public: Individuals and households.
    Estimated Number of Respondents: 3,500.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 3,500.
    Estimated Time per Response: 30 minutes.
    Estimated Total Annual Burden Hours: 1,750.
    7. Title: Transitional Guidance Under Sections 162(f) and 6050X 
with Respect To Certain Fines, Penalties, and Other Amounts.
    OMB Control Number: 1545-2284.
    Type of Review: Revision of a currently approved collection.
    Description: The collection covers the new information reporting 
requirements under IRC 162(f) and new 6050X, which was added by the Tax 
Cuts and Jobs Act (TCJA).
    Generally, no deduction is allowed for any amount paid to, or at 
the direction of, a government or specified nongovernmental entity for 
the violation of any law, except in certain cases laid out in the 
statute. To be deductible under an exception, the Taxpayer must 
establish that an amount required to be paid is for restitution, 
remediation or to come into compliance with the law, AND the amount 
must be specifically identified in the settlement agreement or court 
order as restitution, remediation or to come into compliance with the 
law.
    Any amount paid or incurred as reimbursement to the Government for 
the costs of any investigation or litigation are not deductible under 
one of the exceptions (under prior law, these amounts were often 
considered compensatory and deductible).
    The 2017 Tax Cuts and Jobs Act also enacted IRC section 6050X, 
which requires government agencies or specified nongovernmental 
regulatory entities to file certain information returns. Notice 2018-23 
provides information for section 6050X and transitional guidance under 
IRC Sec.  162(f).
    Form: 1098-F.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 200.
    Frequency of Response: Annually, On occasion.
    Estimated Total Number of Annual Responses: 47,200.
    Estimated Time per Response: 7 minutes.
    Estimated Total Annual Burden Hours: 5,664.

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

    Dated: December 23, 2019.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2019-28111 Filed 12-27-19; 8:45 am]
BILLING CODE 4830-01-P