46016 Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Notices 

2This number is a total of the institutions 

represented in the 2017 annual reports of the 

following regulators: The National Credit Union 

Administration reported 5,573 institutions, the 

Federal Reserve reported 5,180 institutions, the 

Federal Deposit Insurance Corporation reported 

3,636 institutions, the Office of the Comptroller of 

the Currency reported 1,446 institutions. In 

addition, a report from the Government 

Accountability Office indicated that approximately 

125 credit unions were insured privately, for a total 

of 15,960 institutions. 

3FinCEN did not receive comments on the 

previous estimate of 10 hours of annual 

recordkeeping burden and 1 hour of annual 

disclosure burden per respondent. 

4 15,960 respondents multiplied by 11 hours 

equals 175,560 hours. 

5According to the National Futures Association, 

there are currently 1,164 registered introducing 

brokers in commodities, and 64 futures commission 

merchants. 

6FinCEN did not receive comments on the 

previous estimate of 10 hours of annual 

recordkeeping burden and 1 hour of annual 

disclosure burden per respondent. 

7 1,228 respondents multiplied by 11 hours 

equals 13,508 hours. 

presented concerning the information 

collection below. 

1. Title: Customer Identification 

Programs for Banks, Savings 

Associations, Credit Unions, and 

Certain Non-Federally Regulated Banks. 

(31 CFR 1020.220). 

OMB Control Number: 1506–0026. 

Abstract: Banks, savings associations, 

credit unions, and certain non-federally 

regulated banks are required to 

implement and maintain customer 

identification programs and provide 

their customers with notice of the 

programs. (See 68 FR 25090, May 9, 

2003). 

Current Action: Renewal without 

change to existing regulations. 

Type of Review: Renewal of a 

currently approved information 

collection. 

Affected Public: Business, other forprofit institutions, and not-for-profit 

institutions. 

Burden: 

• Estimated Number of Respondents: 

15,960.2

• Estimated Average Annual 

Recordkeeping Burden per Respondent: 

10 hours.3

• Estimated Average Annual 

Disclosure Burden per Respondent: 1 

hour. 

• Estimated Total Annual 

Respondent Burden: 175,560 hours.4

2. Title: Customer Identification 

Programs for Futures Commission 

Merchants and Introducing Brokers in 

Commodities (31 CFR 1026.220). 

OMB Control Number: 1506–0022. 

Abstract: Futures commission 

merchants and introducing brokers in 

commodities are required to implement 

and maintain customer identification 

programs and provide their customers 

with notice of the programs. (See 68 FR 

25149, May 9, 2003). 

Current Action: Renewal without 

change to existing regulations. 

Type of Review: Renewal of a 

currently approved information 

collection. 

Affected Public: Business and other 

for-profit institutions. 

Burden: 

• Estimated Number of Respondents: 

1,228.5

• Estimated Average Annual 

Recordkeeping Burden per Respondent: 

10 hours.6

• Estimated Average Annual 

Disclosure Burden per Respondent: 1 

hour. 

• Estimated Total Annual 

Respondent Burden: 13,508.7

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. 

Records required to be retained under 

the BSA must be retained for five years. 

Generally, information collected 

pursuant to the BSA is confidential but 

may be shared as provided by law with 

regulatory and law enforcement 

authorities. 

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. 

Jamal El-Hindi, 

Deputy Director, Financial Crimes 

Enforcement Network. 

[FR Doc. 2018–19653 Filed 9–10–18; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Open Meeting of the Taxpayer 

Advocacy Panel Toll-Free Phone Line 

Project Committee 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of meeting. 

SUMMARY: An open meeting of the 

Taxpayer Advocacy Panel Toll-Free 

Phone Line Project Committee will be 

conducted. The Taxpayer Advocacy 

Panel is soliciting public comments, 

ideas, and suggestions on improving 

customer service at the Internal Revenue 

Service. 

DATES: The meeting will be held 

Tuesday, October 9, 2018. 

FOR FURTHER INFORMATION CONTACT: 

Rosalind Matherne at 1–888–912–1227 

or 202–317–4115. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given pursuant to Section 

10(a)(2) of the Federal Advisory 

Committee Act, 5 U.S.C. App. (1988) 

that an open meeting of the Taxpayer 

Advocacy Panel Toll-Free Phone Line 

Project Committee will be held Tuesday, 

October 9, 2018, at 3:00 p.m. Eastern 

Time via teleconference. The public is 

invited to make oral comments or 

submit written statements for 

consideration. Due to limited 

conference lines, notification of intent 

to participate must be made with 

Rosalind Matherne. For more 

information please contact Rosalind 

Matherne at 1–888–912–1227 or 202– 

317–4115, or write TAP Office, 1111 

Constitution Ave. NW, Room 1509, 

Washington, DC 20224 or contact us at 

the website: http://www.improveirs.org. 

The agenda will include various IRS 

issues. 

The committee will be discussing 

Toll-free issues and public input is 

welcomed. 

Dated: September 1, 2018. 

Kevin Brown, 

Acting Director, Taxpayer Advocacy Panel. 

[FR Doc. 2018–19678 Filed 9–10–18; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 5495 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 


daltland on DSKBBV9HB2PROD with NOTICES
Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Notices 46017 

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 

Request for Discharge From Personal 

Liability Under Internal Revenue Code 

Section 2204 or 6905. 

DATES: Written comments should be 

received on or before November 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: Request for Discharge From 

Personal Liability Under Internal 

Revenue Code Section 2204 or 6905. 

OMB Number: 1545–0432. 

Form Number: 5495. 

Abstract: Form 5495 provides 

guidance under sections 2204 and 6905 

for executors of estates and fiduciaries 

of decedent’s trusts. The form, filed after 

regular filing of an Estate, Gift, or 

Income tax return for a decedent, is 

used by the executor or fiduciary to 

request discharge from personal liability 

for any deficiency for the tax and 

periods shown on the form. 

Current Actions: There are no changes 

being made to Form 5495 at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

Households. 

Estimated Number of Responses: 

25,000. 

Estimated Time per Response: 12 

hours, 16 minutes. 

Estimated Total Annual Burden 

Hours: 306,500. 

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: August 28, 2018. 

Laurie Brimmer, 

Senior Tax Analyst. 

[FR Doc. 2018–19620 Filed 9–10–18; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Allowance of Information 

Collection Request Submitted for 

Public Comment; Information 

Reporting for Certain Life Insurance 

Contract Transactions 

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 

guidance for taxpayers regarding 

information reporting for certain life 

insurance contract transactions. 

DATES: Written comments should be 

received on or before November 13, 

2018 to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Carolyn Brown, Internal Revenue 

Service, Room 6236, 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: Information Reporting for 

Certain Life Insurance Contract 

Transactions. 

OMB Number: 1545—New. 

Regulation Project Number: Notice 

2018–41, Form 1099–LS, Form 1099– 

SB. 

Abstract: The collection covers the 

new information reporting requirements 

for certain life insurance contracts 

under new IRC 6050Y, which were 

added by the Tax Cuts and Jobs Act 

(TCJA). 

The new reporting requirements 

apply to reportable death benefits paid 

and reportable policy sales made after 

Dec. 31, 2017. On April 26, 2018, the 

Internal Revenue Service provided 

transitional guidance delaying any 

reporting under IRC 6050Y until final 

regulations are issued. The transitional 

guidance provides taxpayers additional 

time to satisfy any reporting obligations 

arising prior to publication of final 

regulations. 

Current Actions: The IRS described 

the new information reporting 

requirements for certain life insurance 

contracts under new IRC 6050Y, which 

were added by the Tax Cuts and Jobs 

Act. The new reporting requirements 

apply to reportable death benefits paid 

and reportable policy sales made after 

Dec. 31, 2017. As part of the guidance, 

however, the IRS provided transitional 

guidance delaying any reporting under 

IRC 6050Y until final regulations are 

issued. 

This submission is being made to seek 

new approval as required in the 

Paperwork Reduction Act. 

Type of Review: New collection. 

Affected Public: Individuals or 

Households, Business or other for profit, 

Not for profit institutions. 

Estimated Number of Respondents: 

6,000. 

Estimated Time per Respondent: 7 

min. 

Estimated Total Annual Burden 

Hours: 720. 

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 


daltland on DSKBBV9HB2PROD with NOTICES