[Federal Register Volume 78, Number 21 (Thursday, January 31, 2013)]
[Notices]
[Pages 6847-6848]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-02045]
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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
Form T, Forest Activities Schedule; EE-111-80 (TD 8019--Final), Public
Inspection of Exempt Organization Return; Form 2587, Application for
Special Enrollment Examination; Form 8831, Excise Taxes on Excess
Inclusions of REMIC Residual Interests; and Notice 97-64, Temporary
Regulations To Be Issued Under Section 1(h) of the Internal Revenue
Code (Applying Section 1(h) to Capital Gain Dividends of RICs and
REITs).
DATES: Written comments should be received on or before April 1, 2013
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: Forest Activities Schedule.
OMB Number: 1545-0007.
Form Number: Form T.
[[Page 6848]]
Abstract: Form T is filed by individuals and corporations to report
income and deductions from the operation of a timber business. The IRS
uses Form T to determine if the correct amount of income and deductions
are reported.
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: Individuals or households, Businesses or other
for-profit organizations.
Estimated Number of Respondents: 37,000.
Estimated Time per Respondent: 36 hrs., 11 min.
Estimated Total Annual Burden Hours: 446,208.
(2) Title: Public Inspection of Exempt Organization Return.
OMB Number: 1545-0742.
Form Number: EE-111-80 (TD 8019--Final).
Abstract: Section 6104(b) authorizes the Service to make available
to the public the returns required to be filed by exempt organizations.
The information requested in Treasury Reg. section 301.6104(b)-1(b)(4)
is necessary in order for the Service not to disclose confidential
business information furnished by businesses which contribute to exempt
black lung trusts.
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: Businesses and other for-profits.
Estimated Number of Respondents: 22.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Reporting Burden Hours: 22.
(3) Title: Application for Special Enrollment Examination.
OMB Number: 1545-0949.
Form Number: 2587.
Abstract: Form 2587 is used by individuals to apply to take the
Special Enrollment Examination to establish eligibility for enrollment
to practice before the IRS. The information on the form is used by the
Director of Practice to identify those individuals seeking to take the
examination and to plan for the administration of the examination.
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.
Estimated Number of Respondents: 11,000.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden Hours: 11,000.
(4) Title: Excise Taxes on Excess Inclusions of REMIC Residual
Interests.
OMB Number: 1545-1379.
Form Number: 8831.
Abstract: Taxpayers use Form 8831 to report and pay excise tax on
any transfer of a residual interest in a REMIC to a disqualified
organization, the amount due if the tax is waived, and the excise tax
due on pass-through entities with interests held by disqualified
organizations.
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: 31.
Estimated Time per Respondent: 7 hrs., 39 min.
Estimated Total Annual Burden Hours: 238.
(5) Title: Temporary Regulations To Be Issued Under Section 1(h) of
the Internal Revenue Code (Applying Section 1(h) to Capital Gain
Dividends of RICs and REITs).
OMB Number: 1545-1565.
Form Number: Notice 97-64.
Abstract: Notice 97-64 describes temporary regulations that will
permit Regulated Investment Companies (RICs) and Real Estate Investment
Trusts (REITs) to distribute multiple classes of capital gain
dividends.
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, and
individuals.
Estimated Number of Respondents: 1.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden Hours: 1.
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: January 23, 2013.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2013-02045 Filed 1-30-13; 8:45 am]
BILLING CODE 4830-01-P