[Federal Register Volume 80, Number 251 (Thursday, December 31, 2015)]
[Notices]
[Pages 81880-81882]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-32913]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
AGENCY: Department of the Treasury.
ACTION: Notice.
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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 1, 2016 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 email at [email protected] or the entire information
collection request may be found at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
OMB Number: 1545-0771.
Type of Review: Extension without change of a previously approved
collection.
Title: TD 8864 (Final); EE-63-88 (Final and temp regulations)
Taxation of Fringe Benefits and Exclusions From Gross Income for
Certain Fringe Benefits; IA-140-86 (Temporary) Fringe Benefits.
Abstract: 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 and 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).
Affected Public: Private Sector: Businesses or other for-profit.
[[Page 81881]]
Estimated Annual Burden Hours: 37,922,688.
OMB Number: 1545-1353.
Type of Review: Extension without change of a previously approved
collection.
Title: TD 8517: Debt Instruments With Original Discount; Imputed
Interest on Deferred Payment Sales or Exchanges of Property; TD 9599:
Property Traded on an Established Market.
Abstract: This document contains regulations relating to the tax
treatment of debt instruments with original issue discount and the
imputation of interest on deferred payments under certain contracts for
the sale or exchange of property and determining when property is
traded on an established market for purposes of determining the issue
price of a debt instrument. The regulations provide needed guidance to
holders and issuers of debt instruments.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 195,500.
OMB Number: 1545-1520.
Type of Review: Revision of a previously approved collection.
Title: Revenue Procedures 2016-4 (Letter Rulings), 2011-5
(Technical Advice), 2016-6 (Determination Letters), and 2016-8 (User
Fees).
Abstract: The information requested in Revenue Procedures 2016-4,
2011-5, 2016-6, and 2016-8 is required to enable the Internal Revenue
Service to give advice on filing letter ruling, determination letter,
and technical advice requests, to process such requests, and to
determine the amount of any user fees.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 45,787.
OMB Number: 1545-1809.
Type of Review: Revision of a previously approved collection.
Title: Credit for Employer-Provided Childcare Facilities and
Services.
Form: 8882.
Abstract: Qualified employers use Form 8882 to request a credit for
employer-provided childcare facilities and services. Section 45F
provides credit based on costs incurred by an employer in providing
childcare facilities and resource and referral services. The credit is
25% of the qualified childcare expenditures plus 10% of the qualified
childcare resource and referral expenditures for the tax year, up to a
maximum credit of $150,000 per tax year.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 1,053.
OMB Number: 1545-2002.
Type of Review: Extension without change of a previously approved
collection.
Title: Notice 2006-25 (superseded by Notice 2007-53), Qualifying
Gasification Project Program.
Abstract: This notice establishes the qualifying gasification
project under Section 48B of the Internal Revenue Code. This notice
provides the time and manner for a taxpayer to apply for an allocation
of qualifying gasification project credits.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 1,700.
OMB Number: 1545-2003.
Type of Review: Extension without change of a previously approved
collection.
Title: Notice 2006-24, Qualifying Advanced Coal Project Program.
Abstract: Notice 2006-24 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.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 4,950.
OMB Number: 1545-2141.
Type of Review: Extension without change of a previously approved
collection.
Title: Notice 2009-31--Election and Notice Procedures for
Multiemployer Plans under Sections 204 and 205 of WRERA.
Abstract: The guidance in this notice implements temporary,
elective relief under the Workers, Retirees, and Employers Relief Act
of 2008 (WRERA), which was enacted December 2008 for multi-employer
pension plans from certain funding requirements.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 1,600.
OMB Number: 1545-2143.
Type of Review: Extension without change of a previously approved
collection.
Title: Notice 2009-26, Build America Bonds and Direct Payment
Subsidy Implementation.
Abstract: This Notice provides guidance on the tax incentives for
Build America Bonds under Sec. 54AA of the Internal Revenue Code
(``Code'') and the implementation plans for the refundable credit
payment procedures for these bonds. It includes guidance on the
modified Build America Bond program for Recovery Zone Economic
Development Bonds under Sec. 1400U-2 of the Code. The Notice also
provides guidance on the initial refundable credit payment procedures,
required elections, and information reporting and solicits public
comments on the refundable credit payment procedures for these bonds.
This Notice is intended to facilitate prompt implementation of the
Build America Bond program and to enable state and local governments to
begin issuing these bonds for authorized purposes to promote economic
recovery and job creation.
Affected Public: State, Local, and Tribal Governments.
Estimated Annual Burden Hours: 15,000.
OMB Number: 1545-2155.
Type of Review: Extension without change of a previously approved
collection.
Title: TD 9469 (REG-102822-08) Section 108 Reduction of Tax
Attributes for S Corporations.
Abstract: The regulation provides guidance to S corporations that
must reduce their tax attributes under section 108(b) of the Internal
Revenue Code for taxable years in which an S corporation incurs
discharge of indebtedness income that is excluded under section 108(a).
The regulations will affect S corporations and their shareholders. The
collection of information in the regulations requires shareholders to
inform the S corporation of a shareholder-level tax attribute that the
S corporation must reduce under section 108(b). Following the tax
attribute reduction, the S corporation must inform the shareholders of
the remaining balance, if any, of the shareholder's tax attribute.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 1,000.
OMB Number: 1545-2262.
Type of Review: Extension without change of a previously approved
collection.
Title: Form 5498-QA (ABLE Account Contribution Information) and
1099-QA (Distributions from ABLE Accounts).
Form: 5498-QA, 1099-QA.
Abstract: This form will be used to report the contributions of
Achieving a Better Life Experience (ABLE) accounts under IRC 529A. IRS
uses the information to verify compliance with the reporting rules and
to verify that the recipient has included the proper
[[Page 81882]]
amount of income on his or her income tax return.
Affected Public: Private Sector: Businesses or other for-profits;
farms; Not-for-profit institutions.
Estimated Annual Burden Hours: 3,600.
Dated: December 28, 2015.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2015-32913 Filed 12-30-15; 8:45 am]
BILLING CODE 4830-01-P