[Federal Register Volume 78, Number 82 (Monday, April 29, 2013)]
[Notices]
[Pages 25135-25136]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-09976]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
April 23, 2013.
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, Public Law 104-13, on or after the date of
publication of this notice.
DATES: Comments should be received on or before May 29, 2013 to be
assured of consideration.
ADDRESSES: Send comments regarding the burden estimate, or any other
aspect of the information collection, including suggestion 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 8140, Washington, DC 20220, or email
at [email protected].
FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be
obtained by calling (202) 927-5331, email at [email protected], or the
entire information collection request maybe found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545-0951.
Type of Review: Revision of a currently approved collection.
Title: Regulations Governing the Performance of Actuarial Services
under the Employee Retirement Income Security Act of 1974 (20 CFR 901).
Form: 5434, 5434-A.
Abstract: The information relates to the granting of enrollment
status to actuaries admitted (licensed) by the Joint Board for the
Enrollment of Actuaries to perform actuarial services under the
Employee Retirement Income Security Act of 1974.
Affected Public: Private Sector: Businesses or other for-profits,
Not-for-profit institutions.
Estimated Annual Burden Hours: 4,200.
OMB Number: 1545-1573.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-130477-00; REG-130481-00 (TD 8987--Final), Required
Distributions from Retirement Plans.
Abstract: The regulation permits a taxpayer to name a trust as the
beneficiary of the employee's benefit under a retirement plan and use
the life expectancies of the beneficiaries of the trust to determine
the required minimum distribution, if certain conditions are satisfied.
Affected Public: Individuals or Households.
Estimated Annual Burden Hours: 333.
OMB Number: 1545-1694.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Ruling 2000-35, Automatic Enrollment in Section
403(b) Plans.
Abstract: Revenue Ruling 2000-35 describes certain criteria that
must be met before an employee's compensation can be reduced and
contributed to an employer's section 403(b) plan in the absence of an
affirmative election by the employee.
Affected Public: State, Local, and Tribal Governments.
Estimated Annual Burden Hours: 175.
OMB Number: 1545-1701.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2000-37, Reverse Like-kind Exchanges (as
modified by Rev Proc. 2004-51).
Abstract: The revenue procedure provides a safe harbor for reverse
like-kind exchanges under which a transaction using a ``qualified
exchange accommodation arrangement'' will qualify for non-recognition
treatment under Sec. 1031 of the Internal Revenue Code.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 3,200.
OMB Number: 1545-2023.
Type of Review: Extension without change of a currently approved
collection.
Title: Modernized e-File--Non-compliance with Mandate for Large
Corporations to File Electronically.
Abstract: The Service will contact those taxpayers who file paper
income tax returns to determine if these taxpayers should have filed
electronic returns under the Mandate, Treasury Regulation Section
301.6011-5T.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 2,080.
OMB Number: 1545-2026.
Type of Review: Extension without change of a currently approved
collection.
Title: Tribal Evaluation of Filing and Accuracy Compliance
(TEFAC)--Compliance Check Report.
Abstract: This form will be provided to tribes who elect to perform
a self-compliance check on any or all of their entities. This is a
voluntary program and the entry is not penalized for non-completion of
forms and withdrawal from the program. Upon completion, the information
will be used by the Tribe and ITG to develop training needs, compliance
strategies, and corrective actions.
Affected Public: State, Local, and Tribal Governments.
Estimated Annual Burden Hours: 447.
OMB Number: 1545-2236.
Type of Review: Extension without change of a currently approved
collection.
Title: Verification of Reported Income.
Form: 14420.
Abstract: In 2009, legislation was passed requiring payment card
processors to file Forms 1099-K reporting payment card transactions for
businesses who accept this form of payment. The IRS is launching pilots
aimed at determining the best method for and the value of using the
1099-K
[[Page 25136]]
information to identify and treat non-compliant taxpayers. Notices are
sent to taxpayers who have been identified as potential under-
reporters. The notices inform them that their return has been selected
for further inquiry since the portion of their reported gross receipts
attributable to 1099-K card payments appear atypically large, which may
suggest potential underreporting of non-card payments (e.g. cash).
Taxpayers are requested to fill out this form to correct for 1099-K
data errors and provide additional information that may explain their
outlier figures.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 22,400.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2013-09976 Filed 4-26-13; 8:45 am]
BILLING CODE 4830-01-P