[Federal Register Volume 79, Number 4 (Tuesday, January 7, 2014)]
[Notices]
[Pages 892-893]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-00007]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
January 2, 2014.
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 February 6, 2014 to be
assured of consideration.
ADDRESSES: Send comments regarding the burden estimate, or any other
aspect of the information collection, including suggestions 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: 1545-0020.
Type of Review: Revision of a currently approved collection.
Title: United States Gift (and Generation-Skipping Transfer) Tax
Return.
Form: 709.
Abstract: Form 709 is used by individuals to report transfers
subject to the gift and generation-skipping transfer taxes and to
compute these taxes. IRS uses the information to enforce these taxes
and to compute the estate tax.
Affected Public: Individuals or Households.
Estimated Annual Burden Hours: 1,718,345.
OMB Number: 1545-0029.
Type of Review: Extension without change of a currently approved
collection.
Title: Employer's Quarterly Federal Tax Return.
Form: 941, 941 (PR), 941-SS, 941-X, 941-X (PR), 941-V, 941-V (PR),
and related schedules.
Abstract: Form 941 is used by employers to report payments made to
employees subject to income and social security/Medicare taxes and the
amounts of these taxes. Form 941-PR is used by employers in Puerto Rico
to report social security and Medicare taxes only. Form 941-SS is used
by employers in the U.S. possessions to report social security and
Medicare taxes only. Schedule B is used by employers to record their
employment tax liability.
[[Page 893]]
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 388,256,964.
OMB Number: 1545-0121.
Type of Review: Extension without change of a currently approved
collection.
Title: Foreign Tax Credit (Individual, Estate, or Trust).
Form: 1116.
Abstract: Form 1116 is used by individuals (including nonresident
aliens) estates or trusts that paid foreign income taxes on U.S.
taxable income to compute the foreign tax credit. This information is
used by the IRS to verify the foreign tax credit.
Affected Public: Individuals or Households.
Estimated Annual Burden Hours: 25,066,693.
OMB Number: 1545-0199.
Type of Review: Revision of a currently approved collection.
Title: Application for Approval of Prototype Simplified Employee
Pension (SEP) or Savings Incentive Match Plan for Employees of Small
Employers (SIMPLE IRA Plan).
Form: 5306-A.
Abstract: This form is used by banks, credit unions, insurance
companies, and trade or professional associations to apply for approval
of a Simplified Employee Pension Plan or Savings Incentive Match Plan
to be used by more than one employer. The data collected is used to
determine if the prototype plan submitted is an approved plan.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 96,850.
OMB Number: 1545-0997.
Type of Review: Revision of a currently approved collection.
Title: Proceeds From Real Estate Transactions.
Form: 1099-S.
Abstract: Form 1099-S is used by the real estate reporting person
to report proceeds from a real estate transaction to the IRS.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 360,276.
OMB Number: 1545-0923.
Type of Review: Revision of a currently approved collection.
Title: TD 8033 (TEMP) Tax Exempt Entity Leasing (REG-209274-85).
Abstract: These regulations provide guidance to persons executing
lease agreements involving tax-exempt entities under section 168(h) of
the Internal Revenue Code. The regulations are necessary to implement
congressionally enacted legislation and elections for certain
previously tax-exempt organizations and certain tax- exempt controlled
entities.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Annual Burden Hours: 3,000.
OMB Number: 1545-2090.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-143797-06 (Final), Health Savings Plan Notice.
Abstract: The information is needed in cases where an employee
establishes and HSA after the end of the calendar year but before the
last day of February and will be used by employees for purposes of
making up HSA contributions to those employees. The respondents are
employees of employers who contribute to employees' HSAs.
Affected Public: Private Sector: Businesses or other for-profits;
Non-for-profit institutions.
Estimated Annual Burden Hours: 1,250,000.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2014-00007 Filed 1-6-14; 8:45 am]
BILLING CODE 4830-01-P