[Federal Register Volume 79, Number 78 (Wednesday, April 23, 2014)]
[Notices]
[Pages 22760-22761]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-09228]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
April 18, 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 May 23, 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 8141, Washington,
DC 20220, or email at [email protected].
FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be
obtained by emailing [email protected], calling (202) 622-1295, or
viewing the entire information collection request at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545-0895.
Type of Review: Revision of a currently approved collection.
Title: Form 3800, General Business Credit.
Form: Form 3800.
Abstract: Internal Revenue Code section 38 permits taxpayers to
reduce their income tax liability by the amount of their general
business credit, which is an aggregation of their investment credit,
jobs credit, alcohol fuel credit, research credit, low-income housing
credit, disabled access credit, enhanced oil recovery credit, etc. Form
3800 is used to figure the correct credit.
Affected Public: Businesses or other for-profit organizations;
Farms; Individuals or households.
Estimated Annual Burden Hours: 8,345,000.
OMB Number: 1545-1395.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 8838--Consent to Extend the Time to Assess Tax Under
Section 367--Gain Recognition Agreement.
Form: Form 8838.
Abstract: Form 8838 is used to extend the statute of limitations
for U.S. persons who transfer stock or securities to a foreign
corporation. A transferor must file the form if it enters into a gain
recognition agreement pursuant to Internal Revenue Code section 367(a).
A domestic corporation and distributee foreign corporation must file
the form if a gain recognition agreement under section 367(e)(2) is
entered into. This agreement allows the transferor to defer the payment
of tax on the transfer. The IRS uses Form 8838 so that it may assess
tax against the transferor after the expiration of the original statute
of limitations.
Affected Public: Businesses or other for-profit organizations;
Farms; Individuals or households.
Estimated Annual Burden Hours: 5,482.
OMB Number: 1545-1464.
Type of Review: Extension without change of a currently approved
collection.
Title: IA-44-94 (Final) Deductibility, Substantiation, and
Disclosure of Certain Charitable Contributions.
Abstract: Treasury Decision 8690 contains regulations that provide
guidance regarding the allowance of certain charitable contribution
deductions, the substantiation requirements for charitable
contributions of $250 or more, and the disclosure requirements for quid
pro quo contributions of $75 or more. These regulations will affect
donee organizations and individuals and entities that make payments to
donee organizations.
Affected Public: Individuals or households; Businesses or other
for-profits; and Not-for-profit institutions.
Estimated Annual Burden Hours: 1,975,000.
OMB Number: 1545-1478.
Type of Review: Extension without change of a currently approved
collection.
Title: INTL-9-95 (TD 8702--Final) Certain Transfers of Domestic
Stock or Securities by U.S. Persons to Foreign Corporations.
Abstract: Transfers of stock or securities by U.S. persons in tax-
free transactions are treated as taxable transactions when the acquirer
is a foreign corporation, unless an exception applies (section 367(a)).
Under the regulations, no U.S. person will qualify for an exception
unless the U.S. target company complies with certain reporting
requirements.
Affected Public: Businesses or other for-profit organizations.
Estimated Annual Burden Hours: 1,000.
[[Page 22761]]
OMB Number: 1545-1752.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedures 2008-38, 2008-39, 2008-40, 2008-41, and
2008-42.
Abstract: These Revenue Procedures provide procedures by which an
issuer of a life insurance contract may (1) remedy a failure to account
for charges for qualified additional benefits under the expense charge
rule of Internal Revenue Code section 7702(c)(3)(B)(ii) [2008-38]; (2)
remedy an inadvertent non-egregious failure to comply with the modified
endowment contract rules under section 7702A [2008-39]; (3) remedy the
failure of one or more contracts to meet the definition of a life
insurance contract under section 7702(a) or to satisfy requirements of
section 101(f) [2008-40]; (4) remedy an inadvertent failure of a
variable contract to satisfy the diversification requirements of
section 817(h) [2008-41]; and (5) automatically obtain a waiver for
certain reasonable errors that caused the contract to fail to satisfy
the requirements of section 7702 or 101(f) [2008-42].
Affected Public: Businesses or other for-profit organizations.
Estimated Annual Burden Hours: 5,950.
OMB Number: 1545-2073.
Type of Review: Extension without change of a currently approved
collection.
Title: Substitute Mortality Tables for Single Employer Defined
Benefit Plans.
Abstract: Revenue Procedure 2008-62 describes the process for
obtaining a letter ruling as to the acceptability of substitute
mortality tables under section 430(h)(3)(C) of the Internal Revenue
Code.
Affected Public: Businesses or other for-profits; Not-for-profit
institutions; and Farms.
Estimated Annual Burden Hours: 25,400.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014-09228 Filed 4-22-14; 8:45 am]
BILLING CODE 4830-01-P