[Federal Register Volume 80, Number 173 (Tuesday, September 8, 2015)]
[Notices]
[Pages 53922-53923]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-22588]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Information Collection; Comment Request
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)).
DATES: Written comments should be received on or before November 9,
2015 to be assured of consideration.
ADDRESSES: Direct all written comments to Christie A. Preston, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
Please send separate comments for each specific information
collection listed below. You must reference the information
collection's title, form number, reporting or record-keeping
requirement number, and OMB number (if any) in your comment.
FOR FURTHER INFORMATION CONTACT: To obtain additional information, or
copies of the information collection and instructions, or copies of any
comments received, contact Elaine Christophe, at Internal Revenue
Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224,
or through the internet, at [email protected].
SUPPLEMENTARY INFORMATION:
Request for Comments
The Department of the Treasury and the Internal Revenue Service, as
part of their continuing effort to reduce paperwork and respondent
burden, invite the general public and other Federal agencies to take
this opportunity to comment on the proposed or continuing information
collections listed below in this notice, as required by the Paperwork
Reduction Act of 1995, (44 U.S.C. 3501 et seq.).
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in our request for Office of
Management and Budget (OMB) approval of the relevant information
collection. All comments will become a matter of public record. Please
do not include any confidential or inappropriate material in your
comments.
We invite comments on: (a) Whether the collection of information is
necessary for the proper performance of the agency's functions,
including whether the information has practical utility; (b) the
accuracy of the agency's estimate of the burden of the collection of
information; (c) ways to enhance the quality, utility, and clarity of
the information to be collected; (d) ways to minimize the burden of the
collection of information on respondents, including the use of
automated collection techniques or other forms of information
technology; and (e) estimates of capital or start-up costs and costs of
operation, maintenance, and purchase of services to provide the
requested information. Currently, the IRS is seeking comments
concerning the following forms, and reporting and record-keeping
requirements:
Title: Permitted Elimination of Preretirement Optional Forms of
Benefit.
OMB Number: 1545-1545.
Regulation Project Number: REG-107644-97.
Abstract: This regulation permits an amendment of a qualified plan
or other employee pension benefit plan that eliminates plan provisions
for benefit distributions before retirement age but after age 70\1/2\.
The regulation affects employers that maintain qualified plans and
other employee pension benefit plans, plan administrators of these
plans and participants in these plans.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations and
not-for-profit institutions.
Estimated Number of Respondents: 135,000.
Estimated Average Time per Respondent: 22 min.
Estimated Total Annual Burden Hours: 48,800.
Title: Travel Expenses of State Legislators.
OMB Number: 1545-2115.
Form Number: T.D. 9481
Abstract: This document contains final regulations relating to
travel expenses of state legislators while away from home. The
regulations affect eligible state legislators who make the election
under section 162(h) of the Internal Revenue Code (Code). The
regulations clarify the amount of travel expenses that a state
legislator may deduct under section 162(h).
[[Page 53923]]
Current Actions: There is no change in the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals and Households.
Estimated Number of Respondents: 7400.
Estimated Time Per Respondent: .50 hours.
Estimated Total Annual Burden Hours: 3700.
Title: EE-63-88 (Final and temporary regulations) Taxation of
Fringe Benefits and Exclusions From Gross Income for Certain Fringe
Benefits; IA-140-86 (Temporary) Fringe Benefits; Listed Property; and
REG-209785-95 (Final) Substantiation of Business Expenses.
OMB Number: 1545-0771.
Regulation Project Number: EE-63-88; IA-140-86; and REG-209785-95.
Abstract: EE-63-88--This regulation provides guidance on the tax
treatment of taxable and nontaxable fringe benefits and general and
specific rules for the valuation of taxable fringe benefits in
accordance with Code sections 61 and 132. The regulation also provides
guidance on exclusions from gross income for certain fringe benefits.
IA-140-86--This regulation provides guidance relating to the
requirement that any deduction or credit with respect to business
travel, entertainment, and gift expenses be substantiated with adequate
records in accordance with Code section 274(d). The regulation also
provides guidance on the taxation of fringe benefits and clarifies the
types of records that are generally necessary to substantiate any
deduction or credit for listed property. REG-209785-95--This regulation
provides that taxpayers who deduct, or reimburse employees for,
business expenses for travel, entertainment, gifts, or listed property
are required to maintain certain records, including receipts, for
expenses of $75 or more.
Current Actions: There are no changes to these existing
regulations.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, not-for profits institutions, farms and Federal,
state, local or tribal governments.
Estimated Number of Respondents: 28,582,150.
Estimated Time per Respondent: 1 hr., 20 min.
Estimated Total Annual Burden Hours: 37,922,688.
Title: Qualifying Advanced Coal Project Program.
OMB Number: 1545-2003.
Form Number: Notice 2006-24.
Abstract: This notice establishes the qualifying advanced coal
project program under Sec. 48A of the Internal Revenue Code. The
notice provides the time and manner for a taxpayer to apply for an
allocation of qualifying advanced coal project credits and, once the
taxpayer has received this allocation, the time and manner for the
taxpayer to file for a certification of its qualifying advanced coal
project.
Current Actions: There are no changes to the total burden being
made at this point in time.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 45.
Estimated Time Per Respondent: 110 hours.
Estimated Total Annual Burden Hours: 4,950.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Approved: September 1, 2015.
Elaine Christophe,
IRS Reports Clearance Officer.
[FR Doc. 2015-22588 Filed 9-4-15; 8:45 am]
BILLING CODE 4830-01-P