Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices 10437 

Estimated Total Annual Burden 

Hours: 572 hours. 

(Authority: 44 U.S.C. 3501 et seq.) 

Dated: February 16, 2021. 

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2021–03423 Filed 2–18–21; 8:45 am] 

BILLING CODE 4810–31–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Multiple 

Internal Revenue Service Information 

Collection Requests 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: 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, on or after the 

date of publication of this notice. The 

public is invited to submit comments on 

these requests. 

DATES: Comments must be received on 

or before March 22, 2021. 

ADDRESSES: 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. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from Molly Stasko by emailing 

PRA@treasury.gov, calling (202) 622– 

8922, or viewing the entire information 

collection request at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS) 

1. Title: Forms 945, 945–A, 945–X and 

TD 8672. 

OMB Control Number: 1545–1430. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 945 is used to 

report income tax withholding on nonpayroll payments including backup 

withholding and withholding on 

pensions, annuities, IRAs, military 

retirement, and gambling winnings. 

Form 945–A is used by employers who 

deposit non-payroll income tax 

withheld (such as from pensions and 

gambling) on a semiweekly schedule, or 

whose tax liability on any day is 

$100,000 or more, use Form 945–A with 

Form 945 or CT–1 to report their tax 

liability. Form 945–X is used to correct 

errors made on Form 945, Annual 

Return of Withheld Federal Income Tax. 

TD 8672 relates to the reporting of nonpayroll withheld income taxes under 

section 6011 of the Internal Revenue 

Code. The regulations require a person 

to file Form 945, Annual Return of 

Withheld Federal Income Tax, only for 

a calendar year in which the person is 

required to withhold Federal income tax 

from nonpayroll payments. 

Form: IRS Form 

945, IRS Form 945–A, IRS Form 945–X, 

and TD 8672. 

Affected Public: Individuals or 

Households; Businesses or other forprofit organizations; Not-for-profit 

institutions; and Federal, State, Local, 

and Tribal governments. 

Estimated Number of Respondents: 

59,318. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 59,318. 

Estimated Time per Response: 6 hour, 

56 minutes. 

Estimated Total Annual Burden 

Hours: 411,278 hours. 

2. Title: Master and Prototype and 

Volume Submitter Plans, Revenue 

Procedure 2017–41. 

OMB Control Number: 1545–1674. 

Type of Review: Extension of a 

currently approved collection. 

Description: This revenue procedure 

modifies Rev. Proc. 2015–36 and sets 

forth the procedures for the merger of 

the master and prototype (M&P) 

program with the volume submitter (VS) 

plan. This revenue procedure requires 

employers adopting pre-approved plans 

to complete and sign new signature 

pages or new adoption agreements, as 

applicable, to restate their plans for 

recent changes in the law. This revenue 

procedure requires sponsors of preapproved plans to furnish copies of 

their plans to the Service’s Employee 

Plans Determinations office; to maintain 

records of employers that have adopted 

their plans; to prepare and communicate 

any necessary interim amendments to 

adopting employers; to make reasonable 

and diligent efforts to ensure that 

employers restate their plans when 

necessary; to notify employers if the 

sponsor concludes that employers’ 

plans are no longer qualified; and to 

provide that mass submitters must keep 

records of their user fees. This allows 

mass submitters to certify to the number 

of other practitioners seeking approval 

of the identical pre-approved plan. 

Regulation Project Number: Revenue 

Procedure 2017– 41. 

Affected Public: Individuals or 

Households; Businesses or other forprofit organizations; Not-for-profit 

institutions; and Federal, State, Local, 

and Tribal governments. 

Estimated Number of Respondents: 

321,500. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 321,500. 

Estimated Time per Response: 3 

hours, 45 minutes. 

Estimated Total Annual Burden 

Hours: 1,108,225 hours. 

3. Title: Election Out of GenerationSkipping Transfer Tax (GST) Deemed 

Allocations. 

OMB Control Number: 1545–1892. 

Type of Review: Extension of a 

currently approved collection. 

Description: This information is 

required by the IRS for taxpayers who 

elect to have the automatic allocation 

rules not apply to the current transfer 

and/or to future transfers to the trust or 

to terminate such election. This 

information is also required by the IRS 

for taxpayers who elect to treat trusts 

described in section 2632(c)(3)(B)(i) 

through (vi) as GST trusts or to 

terminate such election. This 

information will be used to identify the 

trusts to which the election or 

termination of election will apply. 

Affected Public: Individuals or 

Households. 

Estimated Number of Respondents: 

25,000. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 25,000. 

Estimated Time per Response: 30 

minutes. 

Estimated Total Annual Burden 

Hours: 12,500 hours. 

4. Title: Longevity Annuity Contracts. 

OMB Control Number: 1545–2234. 

Type of Review: Extension of a 

currently approved collection. 

Description: This collection covers 

final regulations relating to the use of 

longevity annuity contracts in tax 

qualified defined contribution plans 

under section 401(a) of the Internal 

Revenue Code (Code), section 403(b) 

plans, individual retirement annuities 

and accounts (IRAs) under section 408, 

and eligible governmental plans under 

section 457(b). 

Form 1098–Q is used to comply with 

the reporting requirements under TD 

9673. Any person who issues a contract 

intended to be a QLAC that is purchased 

or held under any plan, annuity, or 

account described in section 401(a), 

403(a), 403(b), 408 (other than a Roth 

IRA) or eligible governmental plan 

under section 457(b), must file Form 

1098–Q. 


tkelley on DSKBCP9HB2PROD with NOTICES
10438 Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices 

Form Number: IRS Form 1098–Q and 

TD 9673. 

Affected Public: Individuals or 

Households; Businesses or other forprofit organizations; and Not-for-profit 

institutions. 

Estimated Number of Respondents: 

150. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 213,966. 

Estimated Time per Response: 8 

minutes. 

Estimated Total Annual Burden 

Hours: 28,529 hours. 

5. Title: Notice of Intent to Operate 

Under Section 501(c)(4), Form 8976. 

OMB Control Number: 1545–2268. 

Type of Review: Extension of a 

currently approved collection. 

Description: The Protecting 

Americans from Tax Hikes Act of 2015 

(the PATH Act) section 506 to the 

Internal Revenue Code (Code) requires 

an organization described in section 

501(c)(4), no later than 60 days after the 

organization is established, to notify the 

Secretary that it is operating as a section 

501(c)(4) organization (the notification). 

Section 506(b) provides that the 

notification must include: (1) The name, 

address, and taxpayer identification 

number of the organization; (2) the date 

on which, and the State under the laws 

of which, the organization was 

organized; and (3) a statement of the 

purpose of the organization. 

Form Number: IRS Form 8976. 

Affected Public: Businesses or other 

for-profit organizations. 

Estimated Number of Respondents: 

2,500. 

Frequency of Response: Once. 

Estimated Total Number of Annual 

Responses: 2,500. 

Estimated Time per Response: 45 

minutes. 

Estimated Total Annual Burden 

Hours: 1,875 hours. 

Authority: 44 U.S.C. 3501 et seq. 

Dated: February 16, 2021. 

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2021–03413 Filed 2–18–21; 8:45 am] 

BILLING CODE 4830–01–P 


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