[Federal Register Volume 78, Number 181 (Wednesday, September 18, 2013)]
[Notices]
[Pages 57456-57457]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-22647]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
September 12, 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 October 18, 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 may be found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545-1068.
Type of Review: Extension without change of a currently approved
collection.
Title: INTL-362-88 (T.D. 8618) Definition of a Controlled Foreign
Corporation, Foreign Base Company Income, and Foreign Personal Holding
Company Income of a Controlled Foreign Corporation.
Abstract: The election and recordkeeping requirements are necessary
to exclude certain high-taxed or active business income from subpart F
income or to include certain income in the appropriate category of
subpart F income. The recordkeeping and election procedures allow the
U.S. shareholders and the IRS to know the amount of the controlled
foreign corporation's subpart F income.
Affected Public: Private Sector: Businesses and other for-profits.
Estimated Annual Burden Hours: 50,417.
OMB Number: 1545-1296.
Type of Review: Extension without change of a currently approved
collection.
Title: PS-27-91 (TD 8442) Procedural Rules for Excise Taxes
Currently Reportable on Form 720, PS-8-95 (TD 8685) Deposits of Excise
Taxes.
Abstract: Internal Revenue Code section 6302(c) authorizes the use
of Government depositaries for the receipt of taxes imposed under the
internal revenue laws. These regulations provide reporting and
recordkeeping requirements related to return, payments, and deposits of
tax for excise taxes currently reportable on Form 720.
Affected Public: Private Sector: Businesses and other for-profits.
Estimated Annual Burden Hours: 242,350.
OMB Number: 1545-1574.
Type of Review: Extension without change of a currently approved
collection.
Title: Tuition Payments Statement.
Form: 1098-T.
Abstract: Section 6050S of the Internal Revenue Code requires
eligible education institutions to report certain information regarding
tuition payments to the IRS and to students. Form 1098-T has been
developed to meet this requirement.
Affected Public: Private Sector: Businesses and other for-profits;
Not-for-profit institutions.
Estimated Annual Burden Hours: 4,848,090.
OMB Number: 1545-1721.
Type of Review: Extension without change of a currently approved
collection.
Title: Taxable REIT Subsidiary Election.
Form: 8875.
[[Page 57457]]
Abstract: A corporation and a REIT use Form 8875 to jointly elect
to have the corporation treated as a taxable REIT subsidiary as
provided in 26 U.S.C. section 856(l).
Affected Public: Private Sector: Businesses and other for-profits.
Estimated Annual Burden Hours: 9,980.
OMB Number: 1545-1862.
Type of Review: Extension without change of a currently approved
collection.
Title: Information Regarding Request for Refund of Social Security
Tax Erroneously Withheld on Wages Received by a Nonresident Alien on an
F, J, or M Type Visa.
Form: 8316.
Abstract: Certain foreign students and other nonresident visitors
are exempt from FICA tax for services performed as specified in the
Immigration and Naturalization Act. Applicants for refund of this FICA
tax withheld by their employer must complete Form 8316 to verify that
they are entitled to a refund of the FICA, that the employer has not
paid back any part of the tax withheld and that the taxpayer has
attempted to secure a refund from his/her employer.
Affected Public: Individuals or Households.
Estimated Annual Burden Hours: 5,500.
OMB Number: 1545-1873.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2004-15, Waivers of Minimum Funding
Standards.
Abstract: This revenue procedure describes the process for
obtaining a waiver from the minimum funding standards set forth in
section 412 of the Code.
Affected Public: Private Sector; Businesses or other for-profits.
Estimated Annual Burden Hours: 4,730.
OMB Number: 1545-2041.
Type of Review: Extension without change of a currently approved
collection.
Title: Expenses Paid by Certain Whaling Captains in Support of
Native Alaskan Subsistence Whaling.
Abstract: This document provides guidelines under Sec. 170(n) for
substantiating certain expenses of carrying out sanctioned whaling
activities.
Affected Public: Individuals or Households.
Estimated Annual Burden Hours: 48.
OMB Number: 1545-2043.
Type of Review: Extension without change of a currently approved
collection.
Title: IRS e-file Signature Authorization for Form 1065-B.
Form: 8879-B.
Abstract: Form 8879-B is used when a personal identification number
(PIN) is used to electronically sign the electronic tax return, and, if
applicable, consent to an electronic funds withdrawal.
Affected Public: Private Sector; Businesses or other for-profits.
Estimated Annual Burden Hours: 273.
OMB Number: 1545-2044.
Type of Review: Extension without change of a currently approved
collection.
Title: Rev. Proc. 2006-54, Procedures for Requesting Competent
Authority Assistance Under Tax Treaties.
Abstract: Taxpayers who believe that the actions of the United
States, a treaty country, or both, result or will result in taxation
that is contrary to the provisions of an applicable tax treaty are
required to submit the requested information in order to receive
assistance from the IRS official acting as the U.S. competent
authority. The information is used to assist the taxpayer in reaching a
mutual agreement with the IRS and the appropriate foreign competent
authority.
Affected Public: Individuals or Households.
Estimated Annual Burden Hours: 9,000.
OMB Number: 1545-2047.
Type of Review: Extension without change of a currently approved
collection.
Title: Rev. Proc. 2007-21--Regarding Secs. 6707 or 6707A;
Rescission Request Procedures.
Abstract: This revenue procedure provides guidance to persons who
are assessed a penalty under section 6707A or 6707 of the Internal
Revenue Code, and who may request rescission of those penalties from
the Commissioner.
Affected Public: Individuals or Households.
Estimated Annual Burden Hours: 430.
OMB Number: 1545-2049.
Type of Review: Extension without change of a currently approved
collection.
Title: Notice 2006-107--Diversification Requirements for Qualified
Defined Contribution Plans Holding Publicly Traded Employer Securities.
Abstract: This notice contains model forms that may be used by
employers to notify plan participants of their diversification rights
under sections 901 and 507 of the Pension Protection Act of 2006.
Affected Public: Private Sector; Businesses or other for-profits.
Estimated Annual Burden Hours: 7,725.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2013-22647 Filed 9-17-13; 8:45 am]
BILLING CODE 4830-01-P