77340 Federal Register / Vol. 85, No. 231 / Tuesday, December 1, 2020 / Notices 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the 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. Currently, the IRS is 

soliciting comments concerning the 

burden associated with Form 5308, 

Request for Change in Plan/Trust Year. 

DATES: Written comments should be 

received on or before February 1, 2021 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Kinna Brewington, Internal Revenue 

Service, Room 6529, 1111 Constitution 

Avenue NW, Washington, DC 20224. 

Requests for additional information or 

copies of the regulations should be 

directed to Ronald J. Durbala, at Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue NW, Washington, 

DC 20224, or through the internet, at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: Title: 

Request for Change in Plan/Trust Year 

(Form 5308). 

OMB Number: 1545–0201. 

Regulation Project Number: Form 

5308. 

Abstract: Form 5308 is used to request 

permission to change the plan or trust 

year for a pension benefit plan. The 

information submitted is used in 

determining whether IRS should grant 

permission for the change. 

Current Actions: There are no changes 

to the burden previously approved by 

OMB. This submission is for renewal 

purposes. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

20. 

Estimated Time per Respondent: 42 

min. 

Estimated Total Annual Burden 

Hours: 14. 

The following paragraph applies to all 

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 if 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. 

Desired Focus of Comments: The 

Internal Revenue Service (IRS) is 

particularly interested in comments 

that: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including using 

appropriate automated, electronic, 

mechanical, or other technological 

collection techniques or other forms of 

information technology, e.g., by 

permitting electronic submissions of 

responses. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the ICR for OMB approval 

of the extension of the information 

collection; they will also become a 

matter of public record. 

Approved: November 24, 2020. 

Ronald J. Durbala, 

IRS Tax Analyst. 

[FR Doc. 2020–26392 Filed 11–30–20; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Extension of Information 

Collection Request Submitted for 

Public Comment; Comment Request 

on Burden Related to Mortgage Credit 

Certificates (MCCs) 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the 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. Currently, the IRS is 

soliciting comments concerning the 

application process for determination of 

employee stock ownership plans. 

DATES: Written comments should be 

received on or before February 1, 2021 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Kinna Brewington, Internal Revenue 

Service, Room 6529, 1111 Constitution 

Avenue NW, Washington, DC 20224. 

Requests for additional information or 

copies of the regulations should be 

directed to R. Joseph Durbala, at Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue NW, Washington, 

DC 20224, or through the internet, at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Mortgage Credit Certificates 

(MCCs). 

OMB Number: 1545–0922. 

Regulation Project Number: Form 

8329 and Form 8330. 

Abstract: Mortgage Credit Certificates 

provide qualified holders of the 

certificates with a credit against income 

tax liability. In general, an Issuer elects 

to establish a mortgage credit certificate 

program in lieu of issuing qualified 

mortgage revenue bonds. Section 25 of 

the Code permits states and political 

subdivisions to elect to issue Mortgage 

Credit Certificates in lieu of qualified 

mortgage revenue bonds. Form 8329 is 

used by lending institutions and Form 

8330 is used by state and local 

governments to provide the IRS with 

information on the issuance of mortgage 

credit certificates (MCCs) authorized 

under Internal Revenue Code section 25. 

IRS matches the information supplied 

by lenders and issuers to ensure that the 

credit is computed properly. 

Current Actions: There is no change to 

the burden previously approved. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

Form 8329—10,000; Form 8330—2,000. 

Estimated Time per Respondent: 

Form 8329—5 hrs. 53 min.; Form 

8330—7 hrs. 28 min. 

Estimated Total Annual Burden 

Hours: Form 8329—58,800; Form 

8330—14,920. 

The following paragraph applies to all 

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 if their contents may become 

material in the administration of any 

internal revenue law. Generally, tax 

returns and tax return information are 


khammond on DSKJM1Z7X2PROD with NOTICES4
Federal Register / Vol. 85, No. 231 / Tuesday, December 1, 2020 / Notices 77341 

confidential, as required by 26 U.S.C. 

6103. 

Desired Focus of Comments: The 

Internal Revenue Service (IRS) is 

particularly interested in comments 

that: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including using 

appropriate automated, electronic, 

mechanical, or other technological 

collection techniques or other forms of 

information technology, e.g., by 

permitting electronic submissions of 

responses. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the ICR for OMB approval 

of the extension of the information 

collection; they will also become a 

matter of public record. 

Approved: November 25, 2020. 

Ronald J. Durbala, 

IRS Tax Analyst. 

[FR Doc. 2020–26456 Filed 11–30–20; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Extension of Information 

Collection Request Submitted for 

Public Comment; Comment Request 

on Burden Related to Form CT–1 and 

CT–1 X 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the 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. Currently, the IRS is 

soliciting comments concerning the 

burden associated with Form CT–1, 

Employer’s Annual Railroad Retirement 

Tax Return and Form CT–1 X, Adjusted 

Employer’s Annual Railroad Retirement 

Tax Return or Claim for Refund. 

DATES: Written comments should be 

received on or before February 1, 2021 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Kinna Brewington, Internal Revenue 

Service, Room 6529, 1111 Constitution 

Avenue NW, Washington, DC 20224. 

Requests for additional information or 

copies of the regulations should be 

directed to Ronald J. Durbala, at Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue NW, Washington 

DC 20224, or through the internet, at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Railroad Retirement Tax Act 

(Form CT–1 and CT–1X). 

OMB Number: 1545–0001. 

Regulation Project Number: Form CT– 

1 and Form CT–1 X. 

Abstract: Railroad employers are 

required to file an annual return to 

report employer and employee Railroad 

Retirement Tax Act (RRTA) taxes. Form 

CT–1 is used for this purpose. The IRS 

uses the information to ensure that the 

employer has paid the correct tax. Form 

CT–1X is used to correct previously 

filed Forms CT–1. 

Current Actions: We have 

significantly revised the 2020 Form CT– 

1 to allow for the reporting of new 

employment tax credits and the deferral 

of deposit and payment of certain taxes 

from the following provisions. 

• Public Law 116–127: Section 7001, 

Payroll credit for required paid sick 

leave; Section 7003, Payroll credit for 

required family leave; and Section 7005, 

Wages paid by reason of the Emergency 

Paid Sick Leave Act and the Emergency 

Family and Medical Leave Expansion 

Act not considered compensation under 

section 3221(a) 

• Public Law 116–136: Section 2301 

Employee Retention Credit; and Section 

2302, Delay of payment for employer 

payroll taxes. 

The changes to Form CT–1 will result 

in an estimated burden increase of 5,985 

hours. This submission is for renewal 

purposes. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit organizations, not-for-profit 

institutions, and state, local or tribal 

governments. 

Estimated Number of Respondents: 

2,400. 

Estimated Time per Respondent: 18 

hrs., 56 min. 

Estimated Total Annual Burden 

Hours: 45,440. 

The following paragraph applies to all 

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 if 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. 

Desired Focus of Comments: The 

Internal Revenue Service (IRS) is 

particularly interested in comments 

that: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including using 

appropriate automated, electronic, 

mechanical, or other technological 

collection techniques or other forms of 

information technology, e.g., by 

permitting electronic submissions of 

responses. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the ICR for OMB approval 

of the extension of the information 

collection; they will also become a 

matter of public record. 

Approved: November 24, 2020. 

Ronald J. Durbala, 

IRS Tax Analyst. 

[FR Doc. 2020–26393 Filed 11–30–20; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Extension of Information 

Collection Request Submitted for 

Public Comment; Comment Request 

on Burden Related to Form 2678 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 


khammond on DSKJM1Z7X2PROD with NOTICES4