[Federal Register Volume 77, Number 197 (Thursday, October 11, 2012)]
[Notices]
[Pages 61829-61830]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-25043]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Information Collection
Tools
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an
existing final regulation, INTL-64-93 (TD 8611): Conduit Arrangements
Regulations (Sec. Sec. 1.881-4 and 1.6038A-3); Form 8871, Political
Organization Notice of Section 527 Status; Form 8453-X, Political
Organization Declaration for Electronic Filing of Notice of Section 527
Status; Revenue Ruling 2000-33, Deferred Compensation Plans of State
and Local Governments and Tax-Exempt Organizations; Notice 2006-52,
Deduction for Energy Efficient Commercial Buildings; and TD 9451,
Guidance Necessary to Facilitate Business Election Filing.
DATES: Written comments should be received on or before December 10,
2012 to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette Lawrence, Internal
Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224. Please send separate comments for each specific information
collection listed below. You must reference the information
collection's title, form number, reporting or record-keeping
requirement number, and OMB number (if any) in your comment.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the collection tools should be directed to R. Joseph Durbala,
Internal Revenue Service, room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622-3634, or through the Internet at
[email protected].
SUPPLEMENTARY INFORMATION: Currently, the IRS is seeking comments
concerning the following information collection tools, reporting, and
record-keeping requirements:
(1) Title: Conduit Arrangements Regulations.
OMB Number: 1545-1440.
Form Number: INTL-64-93.
Abstract: This regulation provides rules that permit the district
director to recharacterize a financing arrangement as a conduit
arrangement. The recharacterization will affect the amount of U.S.
withholding tax due on financing transactions that are part of the
financing arrangement. This regulation affects withholding agents
[[Page 61830]]
and foreign investors who engage in multi-party financing arrangements.
Current Actions: There are no changes to the previously approved
burden of this existing collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 1,000.
Estimated Time Per Respondent: 10 min.
Estimated Total Annual Burden Hours: 10,000.
(2) Title: Form 8871, Political Organization Notice of Section 527
Status; Form 8453-X, Political Organization Declaration for Electronic
Filing of Notice of Section 527 Status.
OMB Number: 1545-1693.
Form Number: Forms 8871 and 8453-X.
Abstract: Public Law 106-230 as amended by Public Law 107-276,
amended Internal Revenue Code section 527(i) to require certain
political organizations to provide information to the IRS regarding
their name and address, their purpose, and the names and addresses of
their officers, highly compensated employees, Board of Directors, and
related entities within the meaning of section 168(h)(4)). Forms 8871
and 8453-X are used to report this information to the IRS.
Current Actions: There are no changes being made to the revenue
procedure at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Not-for-profit institutions.
Estimated Number of Respondents: 5,000.
Estimated Time per Respondent: 7 hrs., 2 min.
Estimated Total Annual Reporting Burden hours: 35,195.
(3) Title: Deferred Compensation Plans of State and Local
Governments and Tax-Exempt Organizations.
OMB Number: 1545-1695.
Form Number: Revenue Ruling 2000-33.
Abstract: Revenue Ruling 2000-33 specifies the conditions the plan
sponsor should meet to automatically defer a certain percentage of its
employees' compensation into their accounts in an eligible deferred
compensation plan.
Current Actions: There is no change in the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Not-for-profit institutions, and state, local or
tribal governments.
Estimated Number of Respondents: 500.
Estimated Time per Respondent: 60 min.
Estimated Total Annual Burden Hours: 500.
(4) Title: Deduction for Energy Efficient Commercial Buildings.
OMB Number: 1545-2004.
Form Number: Notice 2006-52.
Abstract: This notice sets forth a process that allows the owner of
energy efficient commercial building property to certify that the
property satisfies the requirements of Sec. 179D(c)(1) and (d). This
notice also provides a procedure whereby the developer of computer
software may certify to the Internal Revenue Service that the software
is acceptable for use in calculating energy and power consumption for
purposes of Sec. 179D of the Code.
Current Actions: There is no change in the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, Businesses and other
for-profit organizations.
Estimated Number of Respondents: 21,767.
Estimated Time per Respondent: 1 hr., 40 min.
Estimated Total Annual Burden Hours: 3,761.
(5) Title: Guidance Necessary to Facilitate Business Election
Filing.
OMB Number: 1545-2019.
Form Number: REG-161919-05.
Abstract: This regulation provides guidance to taxpayers for
determining which corporations are included in a controlled group of
corporations.
Current Actions: There is no change 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: 350,000.
Estimated Time per Respondent: 45 min.
Estimated Total Annual Burden Hours: 262,500.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: October 4, 2012.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2012-25043 Filed 10-10-12; 8:45 am]
BILLING CODE 4830-01-P