81286 Federal Register / Vol. 85, No. 241 / Tuesday, December 15, 2020 / Notices 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulation should be 

directed to Martha R. Brinson, at 

(202)317–5753, or at Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

through the internet at 

Martha.R.Brinson@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Carryover of Passive Activity 

Losses and Credits and At-Risk losses to 

Bankruptcy Estates of Individuals. 

OMB Number: 1545–1375. 

Regulation Project Number: TD 8537. 

Abstract: These regulations relate to 

the application of carryover of passive 

activity losses and credits and at risk 

losses to the bankruptcy estates of 

individuals. The final regulations affect 

individual taxpayers who file 

bankruptcy petitions under chapter 7 or 

chapter 11 of title 11 of the United 

States Code and have passive activity 

losses and credits under section 469 or 

losses under section 465. 

Current Actions: There are no changes 

being made to this regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 

500. 

Estimated Time per Respondent: 12 

mins. 

Estimated Total Annual Burden 

Hours: 100. 

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. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. Comments 

will be of public record. Comments are 

invited on: (a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, 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 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 information. 

Approved: December 10, 2020. 

Martha R. Brinson, 

Tax Analyst. 

[FR Doc. 2020–27552 Filed 12–14–20; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form W–12 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service 

(IRS), 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 information 

collections, as required by the 

Paperwork Reduction Act of 1995. The 

IRS is soliciting comments concerning 

IRS Paid Preparer Tax Identification 

Number (PTIN) Application and 

Renewal. 

DATES: Written comments should be 

received on or before February 16, 2021 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Kinna Brewington, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Martha R. Brinson, 

at (202)317–5753, or at Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

through the internet at 

Martha.R.Brinson@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: IRS Paid Preparer Tax 

Identification Number (PTIN) 

Application and Renewal. 

OMB Number: 1545–2190. 

Form Number: W–12. 

Abstract: Paid tax return preparers are 

required to get a preparer tax 

identification number (PTIN), and to 

pay the fee required with the 

application. A third party administers 

the PTIN application process. Most 

applications are filled out on-line. Form 

W–12 is used to collect the information 

required by the regulations and to 

collect the information the third party 

needs to administer the PTIN 

application process. 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses and other 

for-profit organizations. 

Estimated Number of Respondents: 

1,200,000. 

Estimated Total Annual Burden 

Hours: 1,464,000. 

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. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. Comments 

will be of public record. Comments are 

invited on: (a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, 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 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 information. 

Approved: December 7, 2020. 

Martha R. Brinson, 

Tax Analyst. 

[FR Doc. 2020–27554 Filed 12–14–20; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 720–X 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service 

(IRS), as part of its continuing effort to 

Federal Register / Vol. 85, No. 241 / Tuesday, December 15, 2020 / Notices 81287 

reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on information 

collections, as required by the 

Paperwork Reduction Act of 1995. The 

IRS is soliciting comments concerning 

Amended Quarterly Federal Excise Tax 

Return. 

DATES: Written comments should be 

received on or before February 16, 2021 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Kinna Brewington, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Martha R. Brinson, 

at (202) 317–5753, or at Internal 

Revenue Service, Room 6526, 1111 

Constitution Avenue NW, Washington, 

DC 20224, or through the internet at 

Martha.R.Brinson@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Amended Quarterly Federal 

Excise Tax Return. 

OMB Number: 1545–1759. 

Form Number: 720–X. 

Abstract: Form 720X is used to make 

adjustments to liability reported on 

forms 720 you have filed for previous 

quarters. It can be filed by itself or it can 

be attached to any subsequent Form 

720. Code section 6416(d) allows 

taxpayers to take a credit on a 

subsequent return rather than filing a 

refund claim. The creation of Form 

720X is to provide a uniform standard 

for trust fund accounting. 

Current Actions: There are no changes 

being made to Form 720–X at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit organizations. 

Estimated Number of Responses: 

22,000. 

Estimated Time per Response: 6 hrs., 

56 mins. 

Estimated Total Annual Burden 

Hours: 152,460. 

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. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. Comments 

will be of public record. Comments are 

invited on: (a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, 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 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 information. 

Approved: December 10, 2020. 

Martha R. Brinson, 

Tax Analyst. 

[FR Doc. 2020–27551 Filed 12–14–20; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

[OMB Control No. 2900–0110] 

Agency Information Collection Activity 

Under OMB Review: Application for 

Assumption Approval and/or Release 

From Personal Liability to the 

Government on a Home Loan 

AGENCY: Veterans Benefits 

Administration, Department of Veterans 

Affairs. 

ACTION: Notice. 

SUMMARY: In compliance with the 

Paperwork Reduction Act (PRA) of 

1995, this notice announces that the 

Veterans Benefits Administration, 

Department of Veterans Affairs, will 

submit the collection of information 

abstracted below to the Office of 

Management and Budget (OMB) for 

review and comment. The PRA 

submission describes the nature of the 

information collection and its expected 

cost and burden and it includes the 

actual data collection instrument. 

DATES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. Refer to ‘‘OMB Control 

No. 2900–0110’’. 

FOR FURTHER INFORMATION CONTACT: 

Danny S. Green, Enterprise Records 

Service (005R1B), Department of 

Veterans Affairs, 810 Vermont Avenue 

NW, Washington, DC 20420, (202) 421– 

1354, or email danny.green2@va.gov. 

Please refer to ‘‘OMB Control No. 2900– 

0110’’ in any correspondence. 

SUPPLEMENTARY INFORMATION: 

Authority: 38 U.S.C. 3713(a) and 3714 

and 3702(b)(2). 

Title: Application for Assumption 

Approval and/or Release from Personal 

Liability to the Government on a Home 

Loan. 

OMB Control Number: 2900–0110. 

Type of Review: Extension of a 

currently approved collection. 

Abstract: VA Form 26–6381 is 

completed by Veterans who are selling 

their homes by assumption rather than 

requiring purchasers to obtain their own 

financing to pay off the loan. The data 

furnished on the form is essential to 

determinations for assumption 

approval, release of liability, and 

substitution of entitlement in 

accordance with 38 U.S.C. 3713(a) and 

3714 and 3702(b)(2). 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to a collection of information 

unless it displays a currently valid OMB 

control number. The Federal Register 

Notice with a 60-day comment period 

soliciting comments on this collection 

of information was published at 85 FR 

196, on October 8, 2020, page 63660. 

Affected Public: Individuals or 

Households. 

Estimated Annual Burden: 42 hours. 

Estimated Average Burden per 

Respondent: 10 minutes. 

Frequency of Response: One time. 

Estimated Number of Respondents: 

250 per year. 

By direction of the Secretary. 

Danny S. Green, 

VA PRA Clearance Officer, Office of Quality, 

Performance and Risk, Department of 

Veterans Affairs. 

[FR Doc. 2020–27513 Filed 12–14–20; 8:45 am] 

BILLING CODE 8320–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

[OMB Control No. 2900–0862] 

Agency Information Collection 

Activity: Decision Review Request: 

Higher-Level Review 

AGENCY: Veterans Benefits 

Administration, Department of Veterans 

Affairs. 

ACTION: Notice.