[Federal Register Volume 79, Number 82 (Tuesday, April 29, 2014)]
[Notices]
[Pages 24062-24063]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-09760]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
April 24, 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 29, 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: 1545-1341.
Type of Review: Extension without change of a currently approved
collection.
Title: TD 8619 (Final) Direct Rollovers and 20-Percent Withholding
Upon Eligible Rollover Distributions from Qualified Plans.
Abstract: These regulations provide rules implementing the
provisions of the Unemployment Compensation Amendments (Pub. L. 102-
318) requiring 20 percent income tax withholding upon certain
distributions from qualified pension plans or tax-sheltered annuities.
Affected Public: Individuals or households.
Estimated Annual Burden Hours: 2,129,669.
OMB Number: 1545-1343.
Type of Review: Extension without change of a currently approved
collection.
Title: TD 8540 (Final) Valuation Tables (PS-100-88).
Abstract: The regulations require individuals or fiduciaries to
report information on Forms 706 and 709 in connection with the
valuation of an annuity, an interest for life or a term of years, or a
remainder or reversionary interest.
Affected Public: Individuals or households.
Estimated Annual Burden Hours: 4,500.
OMB Number: 1545-1629.
Type of Review: Extension without change of a currently approved
collection.
Title: Paid Preparer's Earned Income Credit Checklist (Form 8867).
Form: Form 8867.
Abstract: Form 8867 must be submitted with the tax return of any
taxpayer claiming the earned income credit (EIC) if a preparer was paid
to complete the return. Paid preparers of federal income tax returns or
claims for refund involving the EIC must meet due diligence
requirements in determining the taxpayer's eligibility for, and the
amount of, the EIC.
Affected Public: Businesses or other for-profit organizations.
Estimated Annual Burden Hours: 17,824,793.
OMB Number: 1546-2072.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2007-35--Statistical Sampling for purposes
of Section 199.
Abstract: This revenue procedure provides guidance for determining
when statistical sampling may be used for purposes of section 199 of
the Internal Revenue Code and establishes acceptable statistical
sampling methodologies. The collection of information in the revenue
procedure involves a recordkeeping requirement for taxpayers that use
statistical sampling under section 199.
Affected Public: Businesses or other for-profit organizations.
Estimated Annual Burden Hours: 2,400.
OMB Number: 1545-2081.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 8879-EX, IRS e-file Signature Authorization for Forms
720, 2290, and 8849.
Form: Form 8879-EX.
Abstract: Form 8879-EX if used if a taxpayer and the electronic
return originator (ERO) want to use a personal identification number
(PIN) to electronically sign an electronic excise tax return or request
for refund. If applicable, the form is also used to authorize an
electronic funds fswithdrawal.
Affected Public: Businesses or other for-profit organizations.
Estimated Annual Burden Hours: 46,800.
OMB Number: 1545-2096.
Type of Review: Extension without change of a currently approved
collection.
Title: TD 9424 (Final)--Loss on Subsidiary Stock (REG-157711-02).
Abstract: This document contains final regulations under sections
358, 362(e)(2), and 1502 of the Internal Revenue Code. The regulations
apply to corporations filing consolidated returns, and corporations
that enter into certain tax-free reorganizations. They provide rules
for determining the tax consequences of a member's transfer (including
by deconsolidation and worthlessness) of loss shares of subsidiary
stock. In addition, the regulations provide that section 362(e)(2)
generally does not apply to transactions between members of a
consolidated group. Finally, the regulations conform or clarify various
provisions of the consolidated return regulations, including those
relating to adjustments to subsidiary stock basis.
Affected Public: Businesses or other for-profit organizations.
Estimated Annual Burden Hours: 25.
OMB Number: 1545-2208.
Type of Review: Revision of a currently approved collection.
Title: Generic Clearance for the Collection of Qualitative Feedback
on Agency Service Delivery.
Abstract: The information collection activity will garner
qualitative customer and stakeholder feedback in an efficient, timely
manner, in accordance with the Administration's commitment to improving
service delivery. By qualitative feedback, we mean information that
provides useful insights on perceptions and opinions, but are not
statistical surveys that yield quantitative results that can be
generalized to the population of study. This feedback will provide
insights into customer or stakeholder perceptions, experiences and
expectations, provide an early warning of issues with service, or focus
attention on areas where communication, training or changes in
operations might improve delivery of products or services. These
collections will allow for ongoing, collaborative and actionable
communications between the Agency and its customers and
[[Page 24063]]
stakeholders. It will also allow feedback to contribute directly to the
improvement of program management.
Feedback collected under this generic clearance will provide useful
information, but it will not yield data that can be generalized to the
overall population. This type of generic clearance for qualitative
information will not be used for quantitative information collections
that are designed to yield reliably actionable results, such as
monitoring trends over time or documenting program performance. Such
data uses require more rigorous designs that address: the target
population to which generalizations will be made, the sampling frame,
the sample design (including stratification and clustering), the
precision requirements or power calculations that justify the proposed
sample size, the expected response rate, methods for assessing
potential non-response bias, the protocols for data collection, and any
testing procedures that were or will be undertaken prior fielding the
study. Depending on the degree of influence the results are likely to
have, such collections may still be eligible for submission for other
generic mechanisms that are designed to yield quantitative results.
Number of Respondents: 150,000.
Frequency of Response: Once per request.
Average Minutes per Response: 60.
Estimated Annual Burden Hours: 150,000.
Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014-09760 Filed 4-28-14; 8:45 am]
BILLING CODE 4830-01-P