27376 Federal Register / Vol. 83, No. 113 / Tuesday, June 12, 2018 / Notices 

business. Taxpayers must separately 

state on Form 1098 the amount of points 

and the amount of interest (other than 

points) received during the taxable year 

on a single mortgage and must provide 

to the payer of the points a separate 

statement setting forth the information 

being reported to the IRS. 

Current Actions: There are no change 

to the form or existing regulation, 

however Form 1098 and TD 8571 have 

been consolidated under this collection. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

77,908,660. 

Estimated Time per Respondent: 

.23 hrs. 

Estimated Total Annual Burden 

Hours: 17,913,039. 

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. All 

comments will become a matter 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 shall have 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 

through 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 information. 

Approved: June 4, 2018. 

Laurie Brimmer, 

Senior Tax Analyst. 

[FR Doc. 2018–12574 Filed 6–11–18; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8858 

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 

Information Return of U.S. Persons With 

Respect To Foreign Disregarded Entities 

(FDEs) and Foreign Branches (FBs). 

DATES: Written comments should be 

received on or before August 13, 2018 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Laurie Brimmer, 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: Information Return of U.S. 

Persons With Respect To Foreign 

Disregarded Entities (FDEs) and Foreign 

Branches (FBs). 

OMB Number: 1545–1910. 

Form Number: Form 8858 and 

Schedule M (Form 8858). 

Abstract: Form 8858 and Schedule M 

are used by certain U.S. persons that 

own a foreign disregarded entity (FDE) 

directly or, in certain circumstances, 

indirectly or constructively. These 

forms also now implement the relevant 

provisions of Public Law 115–97 

(Schedule M (Form 8858)). Section 

14302 of Public Law 115–97 (IRC 

904(d)(1)(B)—FTC category for foreign 

branch income) requires additional 

reporting by a foreign branch (FB) 

owned by a U.S. person. 

Form 8858 

Current Actions: (1) On page 1, we 

changed the title to include foreign 

branches as Form 8858 will be used to 

collect information from foreign 

branches as required by new sections 91 

and 904(d)(1)(B). References to foreign 

branches are added throughout the 

Form 8858, and foreign disregarded 

entities and foreign branches are 

abbreviated as FDE and FB; (2) Also, on 

page 1, for purposes of filtering, we 

added checkboxes to identify whether 

the FB or FDE is owned by a U.S. 

person, controlled foreign corporation 

(CFC), or controlled foreign partnership 

(CFP), and whether this is the initial or 

final Form 8858 filed; (3) On page 2, 

Schedule C, we added several 

additional income line items, and one 

for income tax expense, to correspond to 

items reflected on Form 1118, as 

modified, for FTC reporting by FBs 

pursuant to section 14302 of Public Law 

115–97; (4) Also, on page 2, Schedule 

C–1, we made changes requested by 

CC:INTL to clarify reporting of gains 

and losses on remittances by FDEs and 

FBs; (5) On page 3, Schedule G, we 

deleted old questions 4 and 5a to 5c, 

and added new questions 6 to 8, and 10 

to 13. Questions 6 and 7 were added to 

address base erosion under sections 

59A(d) and 59(c)(2). Question 8 was 

added to identify whether the FB or FDE 

was a qualified business unit under IRC 

989(a), which will enhance reporting of 

FB activities and remittances under IRC 

987. Questions 10 to 13 are 

modifications of old questions 4 and 5a 

to 5c, regarding dual consolidated 

losses, to provide more transparent and 

accurate reporting of DCLs incurred by 

FBs or FDEs of a U.S. owner; (6) On 

page 4, we added Schedule I, 

Transferred Loss Amounts, which will 

indicate whether section 91 (section 

14102 of Pub. L. 115–97) applies. Also, 

Schedule I will indicate whether a 

domestic corporation transferred foreign 

branch assets to a foreign corporation, 

which would invoke section 91, and 

require the inclusion of the transferred 

loss amount into income; (7) Also, on 

page 4, we added Schedule J, Income 

Taxes Paid or Accrued, which will 

provide additional information on the 

foreign taxes paid or accrued by the FB 

or FDE, converted to U.S. dollars and 

classified into separate FTC categories, 

including the new category under 

section 904(d)(1)(B) (section 14302 of 

Pub. L. 115–97). 

Schedule M (Form 8858) 

A third column heading was added to 

report transactions of an FDE or FB of 

a U.S. tax owner with corresponding 

changes to columns (a)–(e). The 

instructions will clarify that the 

Schedule M (Form 8858) must be 

completed and attached to the Form 

8858 to report transactions between the 

FB or FDE and the filer of Form 8858 

or other related entity, regardless of the 

tax owner of the FB or FDE. 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 113 / Tuesday, June 12, 2018 / Notices 27377 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, and individuals or 

households. 

Form 8858 

Estimated Number of Respondents: 

20,000. 

Estimated Time per Respondent: 

35.99 hours. 

Estimated Total Annual Burden 

Hours: 719,800 hours. 

Schedule M (Form 8858) 

Estimated Number of Respondents: 

8,000. 

Estimated Time per Respondent: 

24.75 hours. 

Estimated Total Annual Burden 

Hours: 198,000 hours. 

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: June 5, 2018. 

Laurie Brimmer, 

Senior Tax Analyst. 

[FR Doc. 2018–12577 Filed 6–11–18; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Multiemployer Pension Plan 

Application To Reduce Benefits 

AGENCY: Department of the Treasury. 

ACTION: Notice of availability; request 

for comments. 

SUMMARY: The Board of Trustees of the 

Western States Office and Professional 

Employees Pension Fund (WSOPE 

Pension Fund), a multiemployer 

pension plan, has submitted an 

application to reduce benefits under the 

fund in accordance with the 

Multiemployer Pension Reform Act of 

2014 (MPRA). The purpose of this 

notice is to announce that the 

application submitted by the Board of 

Trustees of the WSOPE Pension Fund 

has been published on the website of 

the Department of the Treasury 

(Treasury), and to request public 

comments on the application from 

interested parties, including 

participants and beneficiaries, employee 

organizations, and contributing 

employers of the WSOPE Pension Fund. 

DATES: Comments must be received by 

July 27, 2018. 

ADDRESSES: You may submit comments 

electronically through the Federal 

eRulemaking Portal at http://

www.regulations.gov, in accordance 

with the instructions on that site. 

Electronic submissions through 

www.regulations.gov are encouraged. 

Comments may also be mailed to the 

Department of the Treasury, MPRA 

Office, 1500 Pennsylvania Avenue NW, 

Room 1224, Washington, DC 20220, 

Attn: Danielle Norris. Comments sent 

via facsimile and email will not be 

accepted. 

Additional Instructions: All 

comments received, including 

attachments and other supporting 

materials, will be made available to the 

public. Do not include any personally 

identifiable information (such as your 

Social Security number, name, address, 

or other contact information) or any 

other information in your comment or 

supporting materials that you do not 

want publicly disclosed. Treasury will 

make comments available for public 

inspection and copying on 

www.regulations.gov or upon request. 

Comments posted on the internet can be 

retrieved by most internet search 

engines. 

FOR FURTHER INFORMATION CONTACT: For 

information regarding the application 

from the WSOPE Pension Fund, please 

contact Treasury at (202) 622–1534 (not 

a toll-free number). 

SUPPLEMENTARY INFORMATION: MPRA 

amended the Internal Revenue Code to 

permit a multiemployer plan that is 

projected to have insufficient funds to 

reduce pension benefits payable to 

participants and beneficiaries if certain 

conditions are satisfied. In order to 

reduce benefits, the plan sponsor is 

required to submit an application to the 

Secretary of the Treasury, which must 

be approved or denied in consultation 

with the Pension Benefit Guaranty 

Corporation (PBGC) and the Department 

of Labor. 

On May 15, 2018, the Board of 

Trustees of the WSOPE Pension Fund 

submitted an application for approval to 

reduce benefits under the fund. As 

required by MPRA, that application has 

been published on Treasury’s website at 

https://www.treasury.gov/services/ 

Pages/Plan-Applications.aspx. Treasury 

is publishing this notice in the Federal 

Register, in consultation with PBGC and 

the Department of Labor, to solicit 

public comments on all aspects of the 

WSOPE Pension Fund application. 

Comments are requested from 

interested parties, including 

participants and beneficiaries, employee 

organizations, and contributing 

employers of the WSOPE Pension Fund. 

Consideration will be given to any 

comments that are timely received by 

Treasury. 

Dated: June 4, 2018. 

David Kautter, 

Assistant Secretary for Tax Policy. 

[FR Doc. 2018–12558 Filed 6–11–18; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

VA Prevention of Fraud, Waste, and 

Abuse Advisory Committee; Notice of 

Meeting 

The Department of Veterans Affairs 

(VA) gives notice under the Federal 

Advisory Committee Act, that the VA 

Prevention of Fraud, Waste, and Abuse 

Advisory Committee will meet virtually 

on July 19, 2018 from 9:00 a.m. until 

12:00 p.m. (EST). The toll-free 

telephone number for this meeting is 

(844) 825–8490, access code: 

332244674#. Note: The telephone line 

will be muted except for the Committee 

and VA Executives. This meeting will 

be open the the public. 

The purpose of the Committee is to 

advise the Secretary, through the 

Assistant Secretary for Management and 

Chief Financial Officers, on matters 

relating to improving and enhancing 

VA’s efforts to identify, prevent, and 

mitigate fraud, waste, and abuse across 

VA in order to improve the integrity of 


sradovich on DSK3GMQ082PROD with NOTICES