[Federal Register Volume 88, Number 102 (Friday, May 26, 2023)]
[Notices]
[Pages 34229-34233]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-11330]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Multiple Internal Revenue Service (IRS) 
Information Collection Requests

AGENCY: Departmental Offices, 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 June 26, 2023 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Melody Braswell by emailing [email protected], calling 
(202) 622-1035, or viewing the entire information collection request at 
www.reginfo.gov.

[[Page 34230]]


SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS)

    1. Title: Application to Adopt, Change, or Retain a Tax Year.
    OMB Number: 1545-0134.
    Form Number: 1128.
    Abstract: Section 442 of the Internal Revenue Code requires that a 
change in a taxpayer's annual accounting period be approved by the 
Secretary. Under regulation section 1.442-1(b), a taxpayer must file 
Form 1128 to secure prior approval unless the taxpayer can 
automatically make the change. The IRS uses the information on the form 
to determine whether the application should be approved.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, 
Individuals, Not-for-profit institutions, and Farms.
    Estimated Number of Respondents: 9,788.
    Estimated Time per Respondent: 23 hours, 43 minutes.
    Estimated Total Annual Burden Hours: 232,066.

    2. Title: Application for Extension of Time to File a Return and/or 
Pay U.S. Estate (and Generation-Skipping Transfer) Taxes.
    OMB Number: 1545-0181.
    Form Number: Form 4768.
    Abstract Form 4768 is used to request an extension of time to file 
an estate (and generation-skipping) tax return and/or to pay the estate 
(and generation-skipping) taxes and to explain why the extension should 
be granted. IRS uses the information to decide whether the extension 
should be granted.
    Current Actions: There is no change in the burden previously 
approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals and business or other for-profit 
organizations.
    Estimated Number of Responses: 18,500.
    Estimated Time per Respondent: 1 Hours 30 minutes.
    Estimated Total Annual Burden Hours: 27,565.

    3. Title: Information Returns with Respect to Energy Grants and 
Financing.
    OMB Number: 1545-0232.
    Form Number: 6497.
    Abstract: Section 6050D of the Internal Code requires an 
information return to be made by any person who administers a Federal, 
state, or local program providing nontaxable grants or subsidized 
energy financing. Form 6497 is used for making the information return. 
The IRS uses the information from the form to ensure that recipients 
have not claimed tax credits or other benefits with respect to the 
grants or subsidized financing.
    Current Actions: There are no changes to the burden.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations, and 
not-for-profit institutions.
    Estimated Number of Respondents: 250.
    Estimated Time per Respondent: 3 hours, 14 minutes.
    Estimated Total Annual Burden Hours: 810 hours.

    4. Title: Gas Guzzler Tax.
    OMB Number: 1545-0242.
    Form Number: Form 6197.
    Abstract: The gas guzzler tax is imposed on the sale, use, or lease 
by the manufacturer or importer of an automobile of a model type that 
does not meet certain standards for fuel economy. Automobiles imported 
for business or personal use are subject to tax. Taxpayers use Form 
6197 to compute the gas guzzler tax and report the tax on their 
quarterly Form 720 tax return. Taxpayers who are not required to file 
Form 720 quarterly and do not import gas guzzling automobiles in the 
normal course of their trade or business may be eligible to make a on-
time filing of Form 6197 and Form 720. The IRS uses the information to 
verify computation of the tax and compliance with the law.
    Current Actions: There is no change to the existing collection.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, and business or other 
for-profit organizations.
    Estimated Number of Responses: 385.
    Estimated Time per Respondent: 7 hours, 42 minutes.
    Estimated Total Annual Burden Hours: 2,968.

    5. Title: Exemption From Withholding on Compensation for 
Independent (and Certain Dependent) Personal Services of a Nonresident 
Alien Individual.
    OMB Number: 1545-0795.
    Form Number: Form 8233.
    Abstract: Compensation paid to a nonresident alien individual in 
the United States for independent personal services (self-employment) 
or certain dependent personal services (employee) is generally subject 
to 30% withholding or graduated rates. However, compensation may be 
exempt from withholding because of a tax treaty. Form 8233 is used to 
request exemption from withholding.
    Current Actions: There is no change to the existing collection.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, and Private Sector.
    Estimated Number of Responses: 28,650.
    Estimated Time per Respondent: 8 hours, 57 minutes.
    Estimated Total Annual Burden Hours: 256,418.

    6. Title: Return for Nuclear Decommissioning Funds and Certain 
Related Persons.
    OMB Number: 1545-0954.
    Form Number: 1120-ND.
    Abstract: Form 1120-ND is filed by utilities that have nuclear 
power plants. These utilities set up funds to provide cash to 
decommission the nuclear power plant. Form 1120-ND is used to determine 
the tax liability and income tax that the fund must pay.
    Current Actions: There are no changes to the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations.
    Estimated Number of Respondents: 100.
    Estimated Time per Respondent: 32 hours, 35 minutes.
    Estimated Total Annual Burden Hours: 3,259.

    7. Title: Request Relating to Return of Excise Tax on Undistributed 
Income of Real Estate Investment Trusts.
    OMB Number: 1545-1013.
    Form Number: 8612.
    Abstract: Form 8612 is used by real estate investment trusts to 
compute and pay the excise tax on undistributed income imposed under 
section 4981 of the Internal Revenue Code. The IRS uses the information 
to verify that the correct amount of tax has been reported.
    Current Actions: There are no changes to burden.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 20.
    Estimated Time per Respondent: 9 hours, 48 minutes.
    Estimated Total Annual Burden Hours: 196 hours.

    8. Title: Annual Certification of a Residential Rental Project.
    OMB Number: 1545-1038.
    Form Number: 8703.

[[Page 34231]]

    Abstract: Form 8703 is used by the operator of a residential rental 
project to provide annual information that the IRS will use to 
determine whether a project continues to be a qualified residential 
rental project under Internal Revenue Code section 142(d). If so, and 
certain other requirements are met, bonds issued in connection with the 
project are considered ``exempt facility bonds'' and the interest paid 
on them is not taxable to the recipient.
    Current Actions: There are no changes in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 6,000.
    Estimated Time per Respondent: 12 hours, 47 minutes.
    Estimated Total Annual Burden Hours: 76,620.

    9. Title: U.S. Estate Tax Return for Qualified Domestic Trusts.
    OMB Number: 1545-1212.
    Form Number: 706 QDT.
    Abstract: Form 706-QDT is used by the trustee or the designated 
filer to compute and report the Federal estate tax imposed on qualified 
domestic trusts by Internal Revenue Code section 2056A. The IRS uses 
the information to enforce this tax and to verify that the tax has been 
properly computed.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, and business or other 
for-profit organizations.
    Estimated Number of Respondents: 474.
    Estimated Time per Respondent: 4 hours, 28 minutes.
    Estimated Total Annual Burden Hours: 2,114 hours.

    10. Title: Proceeds of Bonds Used for Reimbursement.
    OMB Number: 1545-1226.
    Form Number: T.D. 8394.
    Abstract: This regulation clarifies when the allocation of bond 
proceeds to reimburse expenditures previously made by an issuer of the 
bond is treated as an expenditure of the bond proceeds. The issuer must 
express a reasonable official intent, on or prior to the date of 
payment, to reimburse the expenditure in order to assure that the 
reimbursement is not a device to evade requirements imposed by the 
Internal Revenue Code with respect to tax exempt bonds.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: State, local or tribal governments, and not-for-
profit institutions.
    Estimated Number of Respondents: 2,500.
    Estimated Time per Respondent: 2 hours, 24 minutes.
    Estimated Total Annual Burden Hours: 6,000.

    11. Title: Gasohol; Compressed Natural Gas; and Gasoline Excise 
Tax.
    OMB Number: 1545-1270.
    Form Number: PS-66-93 (TD 8609) and PS-120-90 (TD 8241).
    Abstract: TD 8609: This regulation relates to gasohol blending and 
the tax on compressed natural gas (CNG). The sections relating to 
gasohol blending affect certain blenders, enterers, refiners, and 
through putters. The sections relating to CMG affect persons that sell 
or buy CNG for use as a fuel in a motor vehicle or motorboat. TD 8421: 
This regulation relates to the federal excise tax on gasoline. It 
affects refiners, importers, and distributors of gasoline and provides 
guidance relating to taxable transactions, persons liable for tax, 
gasoline blendstocks, and gasohol.
    Current Actions: The IRS is removing the burden associated with 
section 48.4081-6(c)(1)(ii). See Public Law 108-357, Title III, Sec.  
301(c)(7), Oct. 22, 2004, 118 Stat. 1461. There are no other changes in 
the paperwork burden previously approved by OMB; IRS is making this 
submission to renew the OMB approval.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations, Not-
for-profit institutions, Farms and State, Local or Tribal Governments.
    Estimated Number of Respondents: 2,210.
    Estimated Time per Respondent: 9 minutes.
    Estimated Total Annual Burden Hours: 246.

    12. Title: Tuition Statement.
    OMB Number: 1545-1574.
    Form Number: Form 1098-T.
    Abstract: Section 6050S of the Internal Revenue Code quires 
eligible education institutions to report certain information to the 
IRS and to students. Form 1098-T has been developed to meet this 
requirement.
    Current Actions: There are no changes being made to the form at 
this time that would affect burden.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
not-for-profit institutions.
    Estimated Number of Respondents: 24,239,614.
    Estimated Time per Respondent: 13 minutes.
    Estimated Total Annual Burden Hours: 5,575,112 hours.

    13. Title: Information reporting requirements in section 6045(e).
    OMB Number: 1545-1592.
    Regulation Project Number: Rev. Proc. 2007-12.
    Abstract: This revenue procedure sets forth the acceptable form of 
the written assurances (certification) that a real estate reporting 
person must obtain from the seller of a principal residence to except 
such sale or exchange from the information reporting requirements for 
real estate transactions under section 6045(e)(5) of the Internal 
Revenue Code.
    Current Actions: There is no change to the burden previously 
approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, and business or other 
for-profit organizations.
    Estimated Number of Respondents: 2,300,000.
    Estimated Time per Respondent: 11 minutes.
    Estimated Total Annual Burden Hours: 420,500.

    14. Title: Handbook for Authorized IRS e-file Providers.
    OMB Number: 1545-1708.
    Form Number: Publication 1345.
    Abstract: Publication 1345 informs those who participate in the IRS 
e-file Program for Individual Income Tax Returns of their obligations 
to the Internal Revenue Service, taxpayers, and other participants.
    Current Actions: There are no changes to burden.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 200,000.
    Estimated Number of Responses: 129,655,713.
    Estimated Time per Response: 3 minutes.
    Estimated Total Annual Burden Hours: 6,023,762.

    15. Title: Extraterritorial Income Exclusion.
    OMB Number: 1545-1722.
    Form Number: 8873.
    Abstract: The FSC and Extraterritorial Income Exclusion Act of 2000 
added section 114 to the Internal Revenue

[[Page 34232]]

Code. Section 114 provides for an exclusion from gross income for 
certain transactions occurring after September 30, 2000, with respect 
to foreign trading gross receipts. Form 8873 is used to compute the 
amount of extraterritorial income excluded from gross income for the 
tax year.
    Current Actions: There are no changes to the form or burden.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 100.
    Estimated Time per Respondent: 25 hours, 27 minutes.
    Estimated Total Annual Burden Hours: 2,545 hours.

    16. Title: Electronic Payee Statements.
    OMB Number: 1545-1729.
    Form Number: TD 9114.
    Abstract: This collect contains final regulations, TD 9114 
(published February 18, 2004 [69 FR 7567]), relating to the voluntary 
electronic furnishing of statements on Forms W-2, ``Wage and Tax 
Statement,'' under sections 6041 and 6051, and statements on Forms 
1098-T, ``Tuition Statement,'' and Forms 1098-E, ``Student Loan 
Interest Statement,'' under section 6050S. These final regulations 
affect businesses, other for-profit institutions, and eligible 
educational institutions that wish to furnish these required statements 
electronically. The regulations will also affect individuals 
(recipients), principally employees, students, and borrowers, who 
consent to receive these statements electronically.
    Current Actions: There is no change to the burden previously 
approved by OMB. This form is being submitted for renewal purposes 
only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 15,200.
    Estimated Time per Respondent: 6 mins.
    Estimated Total Annual Burden Hours: 2,844,950.

    17. Title: Carrier Summary Report, Terminal Operator Report, and 
Request for Extension of Time to File an ExSTARS Information Return.
    OMB Number: 1545-1733.
    Form Numbers: Forms 720-CS, 720-TO, and 8809-EX.
    Abstract: Representatives of the motor fuel industry, state 
governments, and the Federal government are working to ensure 
compliance with excise taxes on motor fuels. This joint effort has 
resulted in a system to track the movement of all products to and from 
terminals. Form 720-CS is an information return used by bulk transport 
carriers to report monthly receipts and disbursements of all liquid 
products at a storage location designated by a facility control number 
(FCN). Form 720-TO is completed by terminal operators to report monthly 
receipts and disbursements of all liquid products to and from all 
approved terminals. Form 8809-EX is used to request a 30-day extension 
of time to file an Excise Summary Terminal Activity Reporting System 
(ExSTARS) information report (Form 720-CS or Form 720-TO).
    Current Actions: There is no change to the existing collection.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Responses: 544,380.
    Estimated Time per Respondent: 4 hours, 39 minutes.
    Estimated Total Annual Burden Hours: 2,530,383.

    18. Title: Average Area Purchase Price Safe Harbors and Nationwide 
Purchase Prices under section 143.
    OMB Number: 1545-1877.
    Form Number: Revenue Procedure 2022-17.
    Abstract: The revenue procedure under this collection provides 
issuers of qualified mortgage bonds, as defined in section 143(a) of 
the Internal Revenue Code (Code), and issuers of mortgage credit 
certificates, as defined in section 25(c), with (1) the nationwide 
average purchase price for residences located in the United States, and 
(2) average area purchase price safe harbors for residences located in 
statistical areas in each state, the District of Columbia, Puerto Rico, 
the Northern Mariana Islands, American Samoa, the Virgin Islands, and 
Guam.
    Current Actions: There are no changes to burden.
    Type of Review: Extension of a currently approved collection.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Number of Respondents: 60.
    Estimated Time per Respondent: 15 minutes.
    Estimated Total Annual Burden Hours: 15 hours.

    19. Title: Revenue Procedure 2011-34 Rules for Certain Rental Real 
Estate Activities.
    OMB Number: 1545-2194.
    Abstract: This revenue procedure grants relief under Section 1.469-
9(g) for certain taxpayers to make late elections to treat all 
interests in rental real estate as a single rental real estate 
activity.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB. This form is being submitted for renewal 
purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or Households.
    Estimated Number of Respondents: 2,000.
    Estimated Time per Response: 30 mins.
    Estimated Total Annual Burden Hours: 1,000.

    20. Title: IRS Taxpayer Burden Surveys.
    OMB Number: 1545-2212.
    Form Number: N/A.
    Abstract: Each year, individual taxpayers in the United States 
submit more than 140 million tax returns to the Internal Revenue 
Service (IRS). The IRS uses the information in these returns, recorded 
on roughly one hundred distinct forms and supporting schedules, to 
administer a tax system whose rules span thousands of pages. Managing 
such a complex and broad-based tax system is costly but represents only 
a fraction of the total burden of the tax system. Equally, if not more 
burdensome, is the time and out-of-pocket expenses that taxpayers spend 
in order to comply with tax laws and regulations.
    Changes in tax regulations, tax administration, tax preparation 
methods, and taxpayer behavior continue to alter the amount and 
distribution of taxpayer burden. Data from updated surveys will better 
reflect the current tax rules and regulations, the increased usage of 
tax preparation software, increased efficiency of such software, 
changes in tax preparation regulations, the increased use of electronic 
filing, the behavioral response of taxpayers to the tax system, the 
changing use of services, both IRS and external, and related 
information collection needs.
    Current Actions: The Taxpayer Burden Surveys allow RAAS to update 
and validate the IRS Taxpayer Burden Model which is used to provide 
estimates for consolidated taxpayer segments, such as OMB numbers 1545-
0074, 1545-0123, and 1545-0047. This form is being submitted for 
revision purposes.
    Data Collections and Burden Hours Covered Under This Clearance 
Request:

[[Page 34233]]



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                                                         Burden hours        Burden hours        Burden hours
     Table      Taxpayer segment       Responses      period 1 6/1/2023-  period 2 6/1/2024-  period 3 6/1/2025-
                                                           5/31/2024           5/31/2025           5/31/2026
----------------------------------------------------------------------------------------------------------------
1.............  Individual                    64,575               4,232               4,234               4,234
                 Taxpayers.
2.............  Business                      42,375               2,610               5,220                 870
                 Entities.
3.............  Tax-Exempt                    14,475                 645               1,504                 324
                 Organizations.
4.............  Trusts and                    13,050               1,087               1,088                   0
                 Estate Form
                 1041 Filers.
5.............  Form 709 Gift                  7,500               1,088                 362                   0
                 Tax Return
                 Filers.
6.............  Form 706 Estate                2,850                   0                   0               1,450
                 Tax Return
                 Filers.
7.............  Excise Tax                     1,500                   0               1,088                 362
                 Return Filers.
8.............  Employers.......               7,500               1,450                 725                   0
9.............  Information                   10,000                   0                   0               5,800
                 Return Filers.
10............  Pension Plan                   3,000               1,450                   0                   0
                 Return Filers.
               -------------------------------------------------------------------------------------------------
    Total.....  ................             166,825              12,562              14,221              13,040
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    Type of Review: Revision of a currently approved collection.
    Affected Public: Individual, Business or other for-profit 
organizations.
    Estimated Total Number of Respondents: 140,658.
    Estimated Time per Respondent: 17 min.
    Estimated Total Burden Hours: 39,853.

    21. Title: Reporting Abusive Tax Promotions or Preparers.
    OMB Number: 1545-2219.
    Form Numbers: 14242 and 14242(SP).
    Abstract: Form 14242 and Form 14242(SP) are used to document the 
information necessary to report an abusive tax avoidance scheme. Form 
14242(SP) is the Spanish version of Form 14242. Respondents can be 
individuals, businesses and tax return preparers.
    Current Actions: There are no changes being made to the forms at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or Households, Farms, Businesses and 
other for-profit or not-for-profit organizations.
    Estimated Number of Respondents: 460.
    Estimated Time per Respondent: 10 minutes.
    Estimated Total Annual Burden Hours: 77 hours.
    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-11330 Filed 5-25-23; 8:45 am]
BILLING CODE 4830-01-P