12062 Federal Register / Vol. 80, No. 43 / Thursday, March 5, 2015 / Notices 

2014 in Washington, DC. During these 

workshops, representatives of the CDFI 

Bond Guarantee Program met with 

potential applicants regarding the FY 

2013 Qualified Issuer and Guarantee 

Application requirements. Specifically, 

the workshops explored the financial 

structure of the program, including roles 

of the Qualified Issuer, Program 

Administrator, and Servicer; reporting 

requirements; and compliance-related 

activities. Although participants in 

these workshops expressed overall 

enthusiasm and support for conforming 

to the CDFI Fund’s reporting process, 

they noted a lack of substantive data in 

this area and recommended that the 

CDFI Fund describe and specify its postissuance information collection 

practices for the CDFI Bond Guarantee 

Program. 

In compliance with OMB Circular A– 

129, the CDFI Bond Guarantee Program 

will collect all necessary information to 

manage the portfolio effectively and 

track progress towards policy goals. The 

proposed reporting form will add 

significantly to the Department of the 

Treasury’s review and impact analysis 

on the use of Bond Proceeds in 

underserved communities and support 

the CDFI Fund in proactively managing 

portfolio risks and performance. Risk 

detection and mitigation are crucial 

activities for the long-term operation 

and viability of the CDFI Bond 

Guarantee Program. The Department of 

the Treasury’s authority to collect this 

information and the specified data 

collection areas and parameters are 

consistent with the annual and periodic 

financial reporting requirements for the 

CDFI Bond Guarantee Program as 

defined in 12 CFR 1808.619. 

The CDFI Fund currently utilizes its 

Community Investment Impact System 

(CIIS), which collects data from CDFIs 

that have received monetary awards 

from the CDFI Fund through several of 

its other programs. CDFI Program and 

Native American CDFI Assistance 

Program (NACA Program) awardees are 

required to report total portfolio and 

financial data for three years. However, 

there is no standardized data on the full 

universe of Certified CDFIs, especially 

unregulated loan funds that do not have 

award reporting history. Moreover, nonregulated Certified CDFIs frequently 

utilize disparate accounting 

methodologies and report certain data 

points, such as borrower defaults and 

delinquencies, in ways that are difficult 

to compare across organizations. 

Nonprofit Certified CDFIs are yet more 

difficult to compare due to the variety 

of reporting options available to 

nonprofit institutions under generally 

accepted accounting principles. This 

report, in addition to the previously 

proposed reports of the CDFI Bond 

Guarantee Program, addresses this 

challenge in standardized data 

collection and allows Certified CDFIs to: 

(i) Demonstrate the ability to deploy 

long-term debt successfully with 

reporting requirements similar to those 

required of regulated financial 

institutions; (ii) provide a mechanism 

for accurately assessing Certified CDFI 

credit risk; and (iii) provide capital 

markets with a record of 

accomplishment on which to base 

future lending and investment. 

Current Actions: New Collection. 

Type of Review: Regular Review. 

Affected Public: Certified CDFIs and 

Qualified Issuers. 

Estimated Number Certified CDFI 

Respondents: 10. 

Estimated Annual Time per Certified 

CDFI Respondent: 25 hours. 

Estimated Number of Qualified Issuer 

Respondents: 10. 

Estimated Annual Time per Qualified 

Issuer Respondent: 50 hours. 

Estimated Total Annual Burden 

Hours: 750 hours. 

Requests for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for Office of Management and 

Budget approval. All comments will 

become a matter of public record and 

may be published on the CDFI Fund 

Web site at http://www.cdfifund.gov. 

Comments are invited on: (a) Whether 

the collection of information is 

consistent with the stated background 

and proposed use necessary for the 

proper performance of the functions of 

the CDFI Fund; (b) the accuracy of the 

CDFI Fund’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 technology; and (e) estimates of 

operational or maintenance costs to 

provide information. 

The CDFI Fund specifically requests 

comments concerning the following 

questions: 

(1) Will the annual assessment be 

effective in evaluating Qualified Issuers 

or are there other alternatives by which 

Qualified Issuers could be assessed? 

(2) Should Qualified Issuers have the 

ability to conduct the annual assessment 

for Eligible CDFIs, provided that they 

have the appropriate qualifications? 

(3) Is there additional information or 

instruction that the CDFI Fund can 

provide to clarify the expectations 

associated with the annual assessment 

evaluation? 

(4) What are the appropriate steps for 

the CDFI Fund to take in the event that 

the annual assessment completed by the 

third party vendor fails to adequately 

evaluate a participant’s performance on 

the expected criteria? 

Authority: 12 CFR 1808. 

Dated: February 26, 2015. 

Annie Donovan, 

Director, Community Development Financial 

Institutions Fund. 

[FR Doc. 2015–05057 Filed 3–4–15; 8:45 am] 

BILLING CODE 4810–70–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment for 

Electronic Filing of Employment Tax 

Family (94x) Returns 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of inquiry, request for 

comments. 

SUMMARY: The Department of the 

Treasury, 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 proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning a free 

option for 94x filers. 

DATES: Written comments should be 

received on or before May 4, 2015 to be 

assured of consideration. 

ADDRESSES: Direct all electronic 

comments to wi.94x.efile@irs.gov or 

written comments to Internal Revenue 

Service, SE:W:CAS:SP:IS, 5000 Ellin 

Road, C4–223, Lanham, MD 20706. 

Please include the Federal Register 

Document number (FR Doc. 2015– 

xxxxx) in the subject line of your email 

or correspondence. 

SUPPLEMENTARY INFORMATION: 

Title: Ways to increase the electronic 

filing of employment tax returns, 

specifically as it relates to a free option 

for filers. 

Abstract: IRS Strategic Plan FY 2014– 

2017 is to ‘‘Expand the availability of 

electronic filing and provide easily 

accessible payment tools for all 

taxpayers.’’ The IRS performance goal is 

to increase the e-file rate for business 

returns from 40 percent to 50 percent by 

2017. However the percentage of 

employment tax returns filed 

electronically remains below the overall 

mstockstill on DSK4VPTVN1PROD with NOTICES

Federal Register / Vol. 80, No. 43 / Thursday, March 5, 2015 / Notices 12063 

business and tax-exempt organization 

average, with an e-file rate of 

approximately 31 percent. 

The gap between the e-file rates for 

employment tax returns and all other 

returns allows a focus on employment 

tax returns to provide measurable 

growth in the overall rate for electronic 

filing. Potential approaches to increase 

electronic filing of employment tax 

returns are found in existing rules 

governing individual and business 

returns, and in recent successes for 

individual e-filing mandates. 

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) What do you, your business, or 

agency see as the main advantages and 

disadvantages to employers to e-file 

employment tax returns through a free 

online filing option offered through a 

public-private partnership; of the free 

online filing capability? 

(b) The circumstances under which 

employers currently mailing in 

employment tax returns might utilize a 

free online filing option offered through 

a public-private partnership; 

(c) The circumstances under which 

employers currently e-filing 

employment tax returns or their tax 

professionals might utilize a free online 

filing option offered through a publicprivate partnership; 

(d) The best way to market a free 

online filing option to employers and 

their tax professionals to increase the 

electronic filing of employment tax 

returns; 

(e) The circumstances under which 

companies that currently offer 

electronic filing of employment tax 

returns or those capable of developing a 

free online filing option for employment 

tax returns might participate in a publicprivate partnership to offer free online 

filing; 

(f) The support needed from IRS by 

companies participating in a publicprivate partnership to offer free online 

filing of employment tax returns; 

(g) The need to exclude certain 

employers from participation in a free 

online filing option for employment tax 

returns, such as based on an employer’s 

total payroll, total number of employees, 

total assets, or types of business; 

(h) Any and all products and services 

other than free online filing of 

employment tax returns that companies 

participating in a public-private 

partnership would want to offer (for 

profit or not for profit) to employers 

using the free online filing option; 

(i) Any uses of information that 

companies participating in a publicprivate partnership to offer free online 

filing of employment tax returns would 

need to require from employers in order 

to participate in a public-private 

partnership; 

(j) Any advantages from being 

identified as an IRS e-file Partner on the 

IRS Web site and any impact on these 

advantages from a public-private 

partnership to offer free online filing of 

employment tax returns; 

(k) Any advantages, disadvantages, or 

preferences for IRS creating its own free 

online filing portal for employment tax 

returns on IRS.gov without a publicprivate partnership; 

(l) The importance of implementing 

any of these proposals for employment 

tax reporting by 2016, 2017, or another 

date; 

(m) The burdens of requiring 

employers to file all employment tax 

returns electronically; 

(n) The burdens of requiring only paid 

preparers of employment tax returns to 

file the returns electronically; and 

(o) The need to except certain 

taxpayers or tax professionals from any 

e-file mandate for employment tax 

returns. 

Dated: February 27, 2015. 

Robert J. Bedoya, 

Director, e-File Services. 

[FR Doc. 2015–05104 Filed 3–4–15; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Advisory Committee on Disability 

Compensation; Notice of Meeting 

Cancellation 

AGENCY: Department of Veterans Affairs. 

The Department of Veterans Affairs 

gives notice under the Federal Advisory 

Committee Act, 5 U.S.C. App. 2, that the 

meeting of the Advisory Committee on 

Disability Compensation, previously 

scheduled to be held at the Department 

of Veterans Affairs, 1800 G Street NW., 

Washington, DC 20006, on March 9–11, 

2015, has been cancelled. 

For more information, please contact 

Ms. Nancy Copeland, Designated 

Federal Officer at (202) 461–9684 or via 

email at Nancy.Copeland@va.gov. 

Dated: March 3, 2015. 

Michael Shores, 

Regulation Policy and Management, Office 

of General Counsel. 

[FR Doc. 2015–05213 Filed 3–4–15; 8:45 am] 

BILLING CODE 8320–01–P 

mstockstill on DSK4VPTVN1PROD with NOTICES