Document Headings

                    Document headings vary by document type but may contain                    the following:                  
                -                       the agency or agencies that issued and signed a document                    
                -                       the number of the CFR title and the number of each part                      the document amends, proposes to amend, or is directly                      related to                    
                -                       the agency docket number / agency internal file number                    
                -                       the RIN which identifies each regulatory action listed in                      the Unified Agenda of Federal Regulatory and Deregulatory                      Actions                    

                    See the                                          Document Drafting Handbook                                        for more details.                  

###### Department of the Treasury

# DATES:

Comments should be received on or before February 26, 2015 to be assured of consideration.

# ADDRESSES:

                        Send comments regarding the burden estimate, or any other aspect of the information collection, including suggestions for reducing the burden, to (1) Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for Treasury, New Executive Office Building, Room 10235, Washington, DC 20503, or email at                         *OIRA_Submission@OMB.EOP.gov*                         and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8140, Washington, DC 20220, or email at                         *PRA@treasury.gov.*

# FOR FURTHER INFORMATION CONTACT:

                        Copies of the submission(s) may be obtained by calling (202) 927-5331, email at                         *PRA@treasury.gov,*                         or the entire information collection request may be found at                         *www.reginfo.gov.*

## Internal Revenue Service (IRS)

*OMB Number:*                         1545-0216.                    

*Type of Review:*                         Reinstatement without change of a previously approved collection.                    

*Title:*                         International Boycott Report.                    

*Form:*                         5713.                    

*Abstract:*                         Form 5713 and related Schedules A, B, and C are used by any entity that has operations in a “boycotting” country. If that entity cooperates with or participates in an international boycott it loses a portion of the foreign tax credit, or deferral of FSC and IC-DISC benefits. The IRS uses Form 5713 to determine if any of the above benefits should be lost. The information is also used as the basis for a report to Congress.                    

*Affected Public:*                         Private Sector: Businesses or other for-profits.                    

*Estimated Annual Burden Hours:*                         69,495.                    

*OMB Number:*                         1545-1421.                    

*Type of Review:*                         Reinstatement without change of a previously approved collection.                    

*Title:*                         Certain Elections Under the Omnibus Budget Reconciliation Act of 1993 (TD 8688-final).                    

*Abstract:*                         These regulations establish various elections enacted by the Omnibus Budget Reconciliation Act of 1993 (Act). The regulations provide guidance that enable taxpayers to take advantage of various benefits provided by the Act and the Internal Revenue Code.                    

*Affected Public:*                         Private Sector: Businesses or other for-profits.                    

*Estimated Annual Burden Hours:*                         202,500.                    

*OMB Number:*                         1545-1590.                    

*Type of Review:*                         Reinstatement without change of a previously approved collection.                    

*Title:*                         REG-251698-96 (TD 8869—Final) Subchapter S Subsidiaries.                    

*Abstract:*                         The IRS will use the information provided by taxpayers to determine whether a corporation should be treated as an S corporation, a C Corporation, or an entity that is disregarded for federal tax purposes. The collection of information covered in the regulation is necessary for a taxpayer to obtain, retain, or terminate S corporation treatment.                    

*Affected Public:*                         Private Sector: Businesses or other for-profits.                    

*Estimated Annual Burden Hours:*                         10,110.                    

*OMB Number:*                         1545-1647.                    

*Type of Review:*                         Reinstatement without change of a previously approved collection.                    

*Title:*                         Revenue Procedure 2001-21, Debt Roll-Ups.                    

*Abstract:*                         This revenue procedure provides for an election that will facilitate the consolidation of two or more outstanding debt instruments into a single debt instrument. Under the election, taxpayers can treat certain exchanges of debt instruments as realization events for federal income tax purposes even though the exchanges do not result in significant modifications under section 1.1001-33 of the Income Tax Regulations.                    

*Affected Public:*                         Private Sector: Businesses and other for-profits.                    

*Estimated Annual Burden Hours:*                         75.                    

Dawn D. Wolfgang,

Treasury PRA Clearance Officer.

[FR Doc. 2015-01389 Filed 1-26-15; 8:45 am]

BILLING CODE 4830-01-P