10896 Federal Register / Vol. 87, No. 38 / Friday, February 25, 2022 / Notices 

another period up to 5 years, or 

incorporated into the Federal Motor 

Carrier Safety Regulations. 

Robin Hutcheson, 

Acting Administrator. 

[FR Doc. 2022–03997 Filed 2–24–22; 8:45 am] 

BILLING CODE 4910–EX–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; 

Coronavirus State and Local Fiscal 

Recovery Funds Program 

AGENCY: Departmental Offices, 

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 28, 2022. 

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: 

Title: Coronavirus State and Local 

Fiscal Recovery Funds. 

OMB Control Number: 1505–0271. 

Type of Review: Extension of a 

currently approved collection. 

Description: Sections 602 and 603 of 

the Social Security Act (the ‘‘Act’’), as 

added by section 9901 of the American 

Rescue Plan Act of 2021, Public Law 

117–2 (Mar. 11, 2021) authorized the 

Coronavirus State Fiscal Recovery Fund 

(‘‘CSFRF’’) and Coronavirus Local Fiscal 

Recovery Fund (‘‘CLFRF’’) respectively 

(referred to as the ‘‘Coronavirus State 

and Local Fiscal Recovery Funds’’ or 

‘‘SLFRF’’). The Coronavirus State and 

Local Fiscal Recovery Funds provide 

$350 billion in total funding for the 

Department of the Treasury 

(‘‘Treasury’’) to make payments to States 

(defined to include the District of 

Columbia), U.S. Territories (defined to 

include Puerto Rico, U.S. Virgin Islands, 

Guam, Northern Mariana Islands, and 

American Samoa), Tribes, Metropolitan 

cities, Counties, Consolidated 

Governments, and (through States) Nonentitlement units of local government 

(collectively the ‘‘eligible entities’’) to 

(1) respond to the COVID–19 public 

health emergency or its negative 

economic impacts, including providing 

assistance to households, small 

business, nonprofits, and impacted 

industries, such as tourism, travel, and 

hospitality; (2) respond to workers 

performing essential work during the 

COVID–19 pandemic by providing 

premium pay to eligible workers of the 

State, U.S. Territory, Tribal government, 

Metropolitan city, County, or Nonentitlement units of local government 

who are performing essential work or by 

providing grants to eligible employers 

that have eligible workers; (3) provide of 

government services, to the extent 

COVID–19 caused a reduction of 

revenues collected in the most recent 

full fiscal year of the State, U.S. 

Territory, Tribal government, 

Metropolitan city, County, or Nonentitlement units of local government; 

or (4) make necessary investments in 

water, sewer, or broadband 

infrastructure. 

Forms: Award and Payment Forms 

and associated forms; Annual Recovery 

Performance Plan and Distribution 

Templates; Project and Expenditure 

Reports; and Compliance Reports. 

Affected Public: State, Territorial, 

Tribal, and certain Local Governments. 

Estimated Number of Respondents: 

71,370. 

Frequency of Response: Once, 

Monthly, Quarterly, Annually. 

Estimated Total Number of Annual 

Responses: 77,480. 

Estimated Time per Response: 15 

minutes to 1 hour for award and 

payment forms, 5 hours to 100 hours for 

performance plans and reporting 

requirements. 

Estimated Total Annual Burden 

Hours: 267,734. 

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

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2022–04045 Filed 2–24–22; 8:45 am] 

BILLING CODE 4810–AK–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 28, 2022. 

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: SS–4, Application for 

Employer Identification Number, and 

Form SS–4PR, Solicitud de Numero de 

Identification Patronal (EIN). 

OMB Control Number: 1545–0003. 

Type of Review: Extension of a 

currently approved collection. 

Description: Taxpayers who are 

required to have an identification 

number for use on any return, 

statement, or other document must 

prepare and file Form SS–4 or Form SS– 

4PR (Puerto Rico only) to obtain a 

number. The information is used by the 

Internal Revenue Service and the Social 

Security Administration in tax 

administration and by the Bureau of the 

Census for business statistics. 

Form Number: Forms SS–4 and SS– 

4PR. 

Affected Public: Business or other forprofit organizations, individuals or 

households, not-for-profit institutions, 

farms, federal government, and state, 

local or tribal governments. 


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Federal Register / Vol. 87, No. 38 / Friday, February 25, 2022 / Notices 10897 

Estimated Number of Respondents: 

5,965,735. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 5,965,735. 

Estimated Time per Response: 0.33 

mins. 

Estimated Total Annual Burden 

Hours: 3,340,812. 

2. Title: Life Insurance Statement. 

OMB Control Number: 1545–0022. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 712 provides 

taxpayers and the IRS with information 

to determine if insurance on the 

decedent’s life is includible in the gross 

estate and to determine the value of the 

policy for estate and gift tax purposes. 

The tax is based on the value of the life 

insurance policy. 

Form Number: Form 712. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

60,000. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 60,000. 

Estimated Time per Response: 18 

hours, 40 minutes. 

Estimated Total Annual Burden 

Hours: 1,120,200. 

3. Title: Application for Exemption 

from Social Security and Medicare 

Taxes and Waiver of Benefits. 

OMB Control Number: 1545–0064. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 4029 is used by 

members of recognized religious groups 

to apply for exemption from social 

security and Medicare taxes under 

Internal Revenue Code sections 1402(g) 

and 3127. The information is used to 

approve or deny exemption from social 

security and Medicare taxes. 

Form Number: Form 4029. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 

3,754. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 3,754. 

Estimated Time per Response: 1 hour, 

1 minute. 

Estimated Total Annual Burden 

Hours: 3,792. 

4. Title: Certain Government 

Payments. 

OMB Control Number: 1545–0120. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 1099–G is used to 

report government payments such as 

unemployment compensation, state and 

local income tax refunds, credits, or 

offsets, reemployment trade adjustment 

assistance (RTAA) payments, taxable 

grants, agricultural payments, or for 

payments received on a Commodity 

Credit Corporation (CCC) loan. 

Form Number: 1099–G. 

Affected Public: Federal, state, local 

or tribal governments. 

Estimated Number of Respondents: 

1,900. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 82,364,600. 

Estimated Time per Response: 0.3 

hours. 

Estimated Total Annual Burden 

Hours: 24,709,380. 

5. Title: Investment Credit. 

OMB Control Number: 1545–0155. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 3468 is used to 

compute Taxpayers’ credit against their 

income tax for certain expenses 

incurred for their trades or businesses. 

The information collected is used by the 

IRS to verify that the credit has been 

correctly computed. 

Form Number: Form 3468. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

15,345. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 15,345. 

Estimated Time per Response: 34 

hours, 7 minutes. 

Estimated Total Annual Burden 

Hours: 545,822. 

6. Title: Certain Gambling Winnings. 

OMB Control Number: 1545–0238. 

Type of Review: Revision of a 

currently approved collection. 

Description: Internal Revenue Code 

sections 6041, 3402(q), and 3406 require 

payers of certain gambling winnings to 

withhold tax and to report the winnings 

to the IRS. The IRS uses the information 

to verify compliance with the reporting 

rules and to verify that the winnings are 

properly reported on the recipient’s tax 

return. 

Form Number: Form W–2G. 

Affected Public: Business or other forprofit organizations, individuals or 

households, and not-for-profit 

institutions, farms, and Federal, state, 

local or tribal governments. 

Estimated Number of Respondents: 

14,895,700. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 14,895,700. 

Estimated Time per Response: 24 

minutes. 

Estimated Total Annual Burden 

Hours: 6,107,237. 

7. Title: Claim for Refund of Income 

Tax Return Preparer Penalties. 

OMB Control Number: 1545–0240. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 6118 is used by tax 

return preparers to file for a refund of 

penalties incorrectly charged. The 

information enables the IRS to process 

the claim and have the refund issued to 

the tax return preparer. 

Form Number: Form 6118. 

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

households. 

Estimated Number of Respondents: 

5,000. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 5,000. 

Estimated Time per Response: 1 hour, 

8 minutes. 

Estimated Total Annual Burden 

Hours: 5,700. 

8. Title: Application for Filing 

Information Returns Electronically 

(FIRE). 

OMB Control Number: 1545–0387. 

Type of Review: Revision of a 

currently approved collection. 

Description: Under section 

6011(e)(2)(a) of the Internal Revenue 

Code, any person, including 

corporations, partnerships, individuals, 

estates, and trusts, who is required to 

file 250 or more information returns 

must file such returns magnetically or 

electronically. Payers required to file on 

magnetic media or electronically must 

complete Form 4419 to receive 

authorization to file. 

Form Number: 4419. 

Affected Public: Business or other forprofit organizations, non-profit 

institutions, and Federal, State, local, or 

tribal governments. 

Estimated Number of Respondents: 

15,000. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 15,000. 

Estimated Time per Response: 20 

minutes. 

Estimated Total Annual Burden 

Hours: 4,950. 

9. Title: Request for Public Inspection 

or Copy of Exempt or Political 

Organization IRS Form (Form 4506–A) 

and Request for a Copy of Exempt 

Organization IRS Application or Letter 

(Form 4506–B). 

OMB Control Number: 1545–0495. 

Type of Review: Extension of a 

currently approved collection. 

Description: Internal Revenue Code 

section 6104 states that if an 

organization described in section 501(c) 

or (d) is exempt from taxation under 


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10898 Federal Register / Vol. 87, No. 38 / Friday, February 25, 2022 / Notices 

section 501(a) for any taxable year, the 

application for exemption is open for 

public inspection. This includes all 

supporting statements, any letter or 

other documents issued by the IRS 

concerning the application, and certain 

annual returns of the organization. Form 

4506–A, Request for Public Inspection 

or Copy of Exempt or Political 

Organization IRS Form and Form 4506– 

B, Request for a Copy of Exempt 

Organization IRS Application or Letter, 

is used to request public inspection or 

a copy of these forms. 

Form Number: 4506–A and 4506–B. 

Affected Public: Individuals or 

households, businesses or other forprofit organizations, not-for-profit 

institutions, farms, and Federal, state, 

local or tribal governments. 

Estimated Number of Respondents: 

20,000. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 20,000. 

Estimated Time per Response: 58 

minutes. 

Estimated Total Annual Burden 

Hours: 19,440. 

10. Title: Taxable Fuel; registration. 

OMB Control Number: 1545–0725. 

Type of Review: Extension of a 

currently approved collection. 

Description: Under IRC section 

4101(b) Secretary may require, as a 

condition of registration under 4101(a), 

that the applicant give a bond in an 

amount that the Secretary determines is 

appropriate. Applicant’s that do not 

meet all the applicable registration tests 

for Form 637 registration must secure a 

federal bond, from an acceptable surety 

or reinsurer listed in Circular 570, prior 

to receiving a Form 637 registration 

under section 4101. Form 928 is used 

for this purpose. 

Form Number: 928. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

500. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 500. 

Estimated Time per Response: 2.56 

hours. 

Estimated Total Annual Burden 

Hours: 1,280. 

11. Title: Returns Required on 

Magnetic Media. 

OMB Control Number: 1545–0957. 

Type of Review: Extension of a 

currently approved collection. 

Description: Section 6011(e)(2)(A) of 

the Internal Revenue Code, as amended 

by Section 7713 of the Revenue 

Reconciliation Act of 1989, Public Law 

101 239 (1989), 103 Stat. 2106, requires 

certain filers of information returns to 

report these on magnetic media. Filers 

who seek relief from this requirement 

can use Form 8508 to request a waiver 

for a specific time. After evaluating the 

request, IRS will notify the taxpayer as 

to whether the request is approved or 

denied. 

Form Number: Form 8508. 

Affected Public: Business or other forprofit organizations, farms, Federal 

government, and State, local or tribal 

governments, and Not-for-Profit 

Organizations. 

Estimated Number of Respondents: 

1,000. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 1,000. 

Estimated Time per Response: 45 

minutes. 

Estimated Total Annual Burden 

Hours: 750. 

12. Title: Proceeds From Real Estate 

Transactions. 

OMB Control Number: 1545–0997. 

Type of Review: Extension of a 

currently approved collection. 

Description: Internal Revenue Code 

section 6045(e) and the regulations there 

under require persons treated as real 

estate brokers to submit an information 

return to the IRS to report the gross 

proceeds from real estate transactions. 

Form 1099–S is used for this purpose. 

The IRS uses the information on the 

form to verify compliance with the 

reporting rules regarding real estate 

transactions. 

Form Number: 1099–S. 

Affected Public: Business or other-forprofit organizations; and individuals or 

households. 

Estimated Number of Respondents: 

122,415. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 4,200,300. 

Estimated Time per Response: 10 

minutes. 

Estimated Total Annual Burden 

Hours: 672,048. 

13. Title: Excise Tax Relating to Gain 

or Other Income Realized By Any 

Person on Receipt of Greenmail. 

OMB Control Number: 1545–1049. 

Type of Review: Extension of a 

currently approved collection. 

Description: The regulations provide 

rules relating to the manner and method 

of reporting and paying the 

nondeductible 50 percent excise tax 

imposed by section 5881 of the Internal 

Revenue Code with respect to the 

receipt of greenmail. The reporting 

requirements will be used to verify that 

the excise tax imposed under section 

5881 is properly reported and timely 

paid. Form 8725 is used by persons who 

receive ‘‘greenmail’’ to compute and pay 

the excise tax on greenmail imposed 

under Internal Revenue Code section 

5881. IRS uses the information to verify 

that the correct amount of tax has been 

reported. 

Form Number: 8725. 

Affected Public: Individuals; and 

business or other for-profit 

organizations. 

Estimated Number of Respondents: 

12. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 12. 

Estimated Time per Response: 7 

hours, 37 minutes. 

Estimated Total Annual Burden 

Hours: 92. 

14. Title: Tax Treatment of Salvage 

and Reinsurance. 

OMB Control Number: 1545–1227. 

Type of Review: Extension of a 

currently approved collection. 

Description: Section 1.832–4(d) of this 

regulation allows a nonlife insurance 

company to increase unpaid losses on a 

yearly basic by the amount of estimated 

salvage recoverable if the company 

discloses this to the state insurance 

regulatory authority. 

Form Number: None. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

2,500. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 2,500. 

Estimated Time per Response: 2 

hours. 

Estimated Total Annual Burden 

Hours: 5,000. 

15. Title: Limitations on Passive 

Activity Losses and Credits—Treatment 

of Self-charged Items of Income and 

Expense. 

OMB Control Number: 1545–1244. 

Type of Review: Extension of a 

currently approved collection. 

Description: Regulation section 

1.469–7(g) permits entities to elect to 

avoid application of section 1.469–7 in 

the event the passthrough entity chooses 

to not have the income from lending 

transactions with owners of interests in 

the entity recharacterized as passive 

activity gross income. The IRS will use 

this information to determine whether 

the entity has made a proper timely 

election and to determine that taxpayers 

are complying with the election in the 

taxable year of the election and 

subsequent taxable years. 

Form Number: None. 

Affected Public: Individuals or 

households; and Business or other forprofit. 


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Estimated Number of Respondents: 

1,000. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 1,000. 

Estimated Time per Response: 6 

minutes. 

Estimated Total Annual Burden 

Hours: 100. 

16. Title: Bad Debt Reserves of Banks. 

OMB Control Number: 1545–1290. 

Type of Review: Extension of a 

currently approved collection. 

Description: Section 585(c) of the 

Internal Revenue Code requires large 

banks to change from reserve method of 

accounting to the specific charge off 

method of accounting for bad debts. 

Section 1.585–8 of the regulation 

contains reporting requirements in cases 

in which large banks elect (1) to include 

in income an amount greater than that 

prescribed by the Code; (2) to use the 

elective cut-off method of accounting; or 

(3) to revoke any elections previously 

made. 

Form Number: None. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

2,500. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 2,500. 

Estimated Time per Response: 15 

minutes. 

Estimated Total Annual Burden 

Hours: 625. 

17. Title: Qualified Electric Vehicle 

Credit. 

OMB Control Number: 1545–1374. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 8834 is used to 

claim any qualified electric vehicle 

passive activity credit allowed for the 

current tax year. The IRS uses the 

information on the form to determine 

that the credit is allowable and has been 

properly computed. 

Form Number: 8834. 

Affected Public: Individuals or 

households; and businesses or other forprofit organizations. 

Estimated Number of Respondents: 

3,136. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 3,136. 

Estimated Time per Response: 4 

hours, 47 minutes. 

Estimated Total Annual Burden 

Hours: 15,022. 

18. Title: Claim for Refund of Excise 

Taxes. 

OMB Control Number: 1545–1420. 

Type of Review: Extension of a 

currently approved collection. 

Description: IRC sections 6402, 6404, 

6511 and sections 301.6402–2, 

301.6404–1, and 301.6404–3 of the 

regulations allow for refunds of taxes 

(except income taxes) or refund, 

abatement, or credit of interest, 

penalties, and additions to tax in the 

event of errors or certain actions by IRS. 

Taxpayers use Form 8849 to claim 

refunds of excise taxes. 

Form Number: Form 8849 and 

Schedules 1,2,3,5,6, and 8. 

Affected Public: Individuals or 

households; and businesses or other forprofit organizations; Not-for-profit 

institutions; farms; Federal, state, local 

and tribal governments. 

Estimated Number of Respondents: 

111,147. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 111,147. 

Estimated Time per Response: 8 

hours, 31 minutes. 

Estimated Total Annual Burden 

Hours: 946,827. 

19. Title: Electronic Federal Tax 

Payment System (EFTPS). 

OMB Control Number: 1545–1467. 

Type of Review: Extension of a 

currently approved collection. 

Description: These forms are used by 

business and individual taxpayers to 

enroll in the Electronic Federal Tax 

Payment System (EFTPS). EFTPS is an 

electronic remittance processing system 

the Service uses to accept electronically 

transmitted federal tax payments. 

EFTPS (1) establishes and maintains a 

taxpayer data base which includes 

entity information from the taxpayers or 

their banks, (2) initiates the transfer of 

the tax payment amount from the 

taxpayer’s bank account, (3) validates 

the entity information and selected 

elements for each taxpayer, and (4) 

electronically transmits taxpayer 

payment data to the IRS. 

Form Number: Forms 9779, 9783, and 

14781. 

Affected Public: Individuals; business 

or other for-profit organizations; and 

state, local or tribal governments. 

Estimated Number of Respondents: 

698. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 698. 

Estimated Time per Response: 0.17 

hours. 

Estimated Total Annual Burden 

Hours: 121. 

20. Title: Requirements Respecting the 

Adoption or Change of Accounting 

Method; Extensions of Time To Make 

Elections. 

OMB Control Number: 1545–1488. 

Type of Review: Extension of a 

currently approved collection. 

Description: This final regulation 

provides the procedures for requesting 

an extension of time to make certain 

elections, including changes in 

accounting method and accounting 

period. In addition, the regulation 

provides the standards that the IRS will 

use in determining whether to grant 

taxpayers extensions of time to make 

these elections. 

Form Number: None. 

Affected Public: Business or other forprofit organizations; individuals; notfor-profit institutions; and farms. 

Estimated Number of Respondents: 

500. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 500. 

Estimated Time per Response: 10 

hours. 

Estimated Total Annual Burden 

Hours: 5,000. 

21. Title: Request for Taxpayer 

Advocate Service Assistance (And 

Application for Taxpayer Assistance 

Order). 

OMB Control Number: 1545–1504. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 911 is used by 

taxpayers to apply for relief from a 

significant hardship which may have 

already occurred or is about to occur if 

the IRS takes or fails to take certain 

actions. This form is submitted to the 

IRS Taxpayer Advocate Office in the 

district where the taxpayer resides. 

Form Number: Form 911 and 911(SP). 

Affected Public: Individuals or 

households; business or other for-profit 

organizations; not-for-profit institutions; 

farms; and state, local or tribal 

governments. 

Estimated Number of Respondents: 

93,000. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 93,000. 

Estimated Time per Response: 30 

minutes. 

Estimated Total Annual Burden 

Hours: 46,500. 

22. Title: Mark to Market Election for 

Commodities Dealers and Securities and 

Commodities Traders. 

OMB Control Number: 1545–1641. 

Type of Review: Extension of a 

currently approved collection. 

Description: The revenue procedure 

prescribes the time and manner for 

dealers in commodities and traders in 

securities or commodities to elect to use 

the mark-to-market method of 

accounting under Sec. 475(e) or (f) of 

the Internal Revenue Code. The 

collections of information of this 

revenue procedure are required by the 


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IRS in order to facilitate monitoring 

taxpayers changing accounting methods 

resulting from making the elections 

under Sec. 475(e) or (f). 

Revenue Procedure Number: 99–17 

(Revenue Procedure 99–17 is modified 

by Revenue Procedure 99–49. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

1,000. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 1,000. 

Estimated Time per Response: 30 

minutes. 

Estimated Total Annual Burden 

Hours: 500. 

23. Title: Combined Information 

Reporting. 

OMB Control Number: 1545–1667. 

Type of Review: Extension of a 

currently approved collection. 

Description: Revenue Procedure 99– 

50 permits combined information 

reporting by a successor business entity 

(i.e., a corporation, partnership, or sole 

proprietorship) in certain situations 

following a merger or an acquisition. 

Combined information reporting may be 

elected by a successor with respect to 

certain Forms 1042–S and all forms in 

series 1098, 1099, and 5498. The 

procedures also apply to Forms 1097, 

3921, 3922, and W–2G. The successor 

must file a statement with the IRS 

indicating what forms are being filed on 

a combined basis. 

Form Number: None. 

Affected Public: Business or other forprofit organizations, not-for-profit 

institutions, and farms. 

Estimated Number of Respondents: 

6,000. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 6,000. 

Estimated Time per Response: 5 

minutes. 

Estimated Total Annual Burden 

Hours: 500. 

24. Title: Amortization of Intangible 

Property. 

OMB Control Number: 1545–1671. 

Type of Review: Extension of a 

currently approved collection. 

Description: These regulations apply 

to property acquired after January 25, 

2000. Regulations to implement section 

197(e)(4)(D) are applicable August 11, 

1993, for property acquired after August 

10, 1993 (or July 26, 1991, for property 

acquired after July 25, 1991, if a valid 

retroactive election has been made 

under § 1.197–1). 

Form Number: None. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

500. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 500. 

Estimated Time per Response: 3 

hours. 

Estimated Total Annual Burden 

Hours: 1,500. 

25. Title: Guidance on Reporting 

Interest Paid to Nonresident Aliens. 

OMB Control Number: 1545–1725. 

Type of Review: Extension of a 

currently approved collection. 

Description: This document contains 

final regulations that provide guidance 

on the reporting requirements for 

interest on deposits maintained at the 

U.S. office of certain financial 

institutions and paid to nonresident 

alien individuals. These proposed 

regulations affect persons making 

payments of interest with respect to 

such a deposit. 

Form Number: None. 

Affected Public: Businesses or other 

for-profit organizations. 

Estimated Number of Respondents: 

2,000. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 2,000. 

Estimated Time per Response: 15 

minutes. 

Estimated Total Annual Burden 

Hours: 500. 

26. Title: Interest Rates and 

Appropriate Foreign Loss Payment 

Patterns for Determining the Qualified 

Insurance Income of Certain Controlled 

Corporations under Section 954(f). 

OMB Control Number: 1545–1799. 

Type of Review: Extension of a 

currently approved collection. 

Description: Notice 2002–69 (2002–43 

I.R.B. 730) published October 28, 2002, 

provides interim guidance for 

determining the interest rates and 

appropriate foreign loss payment 

patterns to be used by controlled foreign 

corporations in calculating their 

qualified insurance income under 

section 954(i) of the Internal Revenue 

Code. Taxpayers may rely on the 

guidance in this notice until regulations 

or other guidance are published. 

Form Number: None. 

Affected Public: Individuals or 

households, business, or other for-profit 

organizations. 

Estimated Number of Respondents: 

300. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 300. 

Estimated Time per Response: 1 hour. 

Estimated Total Annual Burden 

Hours: 300. 

27. Title: Section 9100 Relief for 338 

Elections. 

OMB Control Number: 1545–1820. 

Type of Review: Extension of a 

currently approved collection. 

Description: Revenue Procedure 

2003–33 provides qualifying taxpayers 

with an extension of time pursuant to 

§ 301.9100–3 of the Procedure and 

Administration Regulations to file an 

election described in § 338(a) or 

§ 338(h)(10) of the Internal Revenue 

Code to treat the purchase of the stock 

of a corporation as an asset acquisition. 

Form Number: None. 

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

households. 

Estimated Number of Respondents: 

60. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 60. 

Estimated Time per Response: 5 

hours. 

Estimated Total Annual Burden 

Hours: 300. 

28. Title: Guidance Regarding the 

Treatment of Certain Contingent 

Payment Debt Instructions with one or 

more Payments that are Denominated 

in, or Determined by Reference to, a 

Nonfunctional Currency. 

OMB Control Number: 1545–1831. 

Type of Review: Extension of a 

currently approved collection. 

Description: This document contains 

final regulations regarding the treatment 

of contingent payment debt instruments 

for which one or more payments are 

denominated in, or determined by 

reference to, a currency other than the 

taxpayer’s functional currency. These 

regulations are necessary because 

current regulations do not provide 

guidance concerning the tax treatment 

of such instruments. The regulations 

affect issuers and holders of such 

instruments. 

Form Number: None. 

Affected Public: Businesses and otherfor-profit organizations, Farms. 

Estimated Number of Respondents: 

100. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 250. 

Estimated Time per Response: 24 

minutes. 

Estimated Total Annual Burden 

Hours: 100. 

29. Title: Qualified Severance of a 

Trust for Generation-Skipping Transfer 

(GST) Tax Purposes. 

OMB Control Number: 1545–1902. 

Type of Review: Extension of a 

currently approved collection. 

Description: This previously 

approved Regulation requires taxpayers 


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to report a qualified severance by filing 

a Form 706–GS(T), or such other form 

that may be published by the Internal 

Revenue Service in the future that is 

specifically designated to be utilized to 

report qualified severances. Where Form 

706–GS(T) is used, the filer should 

attach a Notice of Qualified Severance 

to the return that clearly identifies the 

trust that is being severed and the new 

trusts created as a result of the 

severance. The Notice must also provide 

the inclusion ratio of the trust that was 

severed and the inclusion ratios of the 

new trusts resulting from the severance. 

The information collected will be used 

by the IRS to identify the trusts being 

severed and the new trusts created upon 

severance. The collection of information 

is required in order to have a qualified 

severance. 

Form Number: None. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

650. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 650. 

Estimated Time per Response: 2 

hours, 5 minutes. 

Estimated Total Annual Burden 

Hours: 1,352. 

30. Title: Application for Automatic 

Extension of Time to File Form 709 and/ 

or Payment of Gift/Generation-Skipping 

Transfer Tax. 

OMB Control Number: 1545–1913. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 8892 was created to 

serve a dual purpose. First, the form 

enables the taxpayers to request an 

automatic 6-month extension of time to 

file Form 709 when they are not filing 

an individual income tax extension 

using Form 4868. Second, to make a 

payment of gift tax when you’re 

applying for an extension of time to file 

Form 709 (including payment of any 

generation-skipping transfer (GST) tax 

from Form 709). 

Form Number: Form 8892. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 

21. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 21. 

Estimated Time per Response: 43 

minutes. 

Estimated Total Annual Burden 

Hours: 16 hours. 

31. Title: Low Sulfur Diesel Fuel 

Production Credit. 

OMB Control Number: 1545–1914. 

Type of Review: Extension of a 

currently approved collection. 

Description: IRC section 45H allows 

small business refiners to claim a credit 

for the production of low sulfur diesel 

fuel. The American Jobs Creation Act of 

2004 section 399 brought it into 

existence. Form 8896 will allow 

taxpayers to use a standardized format 

to claim this credit. 

Form Number: Form 8896. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

66. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 66. 

Estimated Time per Response: 3 

hours, 59 minutes. 

Estimated Total Annual Burden 

Hours: 260. 

32. Title: Repayment of a buyout prior 

to re-employment with the Federal 

Government. 

OMB Control Number: 1545–1920. 

Type of Review: Extension of a 

currently approved collection. 

Description: This form requests 

applicants to certify if they ever worked 

for the Federal Government and if they 

received a Buyout within the last 5 

years. This is to ensure that applicants 

who meet the criteria are counseled that 

they are required to pay back the entire 

Buyout prior to entering on duty with 

the IRS. 

Form Number: 12311. 

Affected Public: Individuals or 

households and Federal Government. 

Estimated Number of Respondents: 

6,624. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 6,624. 

Estimated Time per Response: 4.8 

mins. 

Estimated Total Annual Burden 

Hours: 530. 

33. Title: Information Referral. 

OMB Control Number: 1545–1960. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 3949–A is used by 

certain taxpayer/investors to wishing to 

report alleged tax violations. The form 

will be designed to capture the essential 

information needed by IRS for an initial 

evaluation of the report. Upon return, 

the Service will conduct the same backend processing required under present 

IRM guidelines. Submission of the 

information to be included on the form 

is entirely voluntary on the part of the 

caller and is not a requirement of the 

Tax Code. 

Form Number: Form 3949–A. 

Affected Public: Individuals and 

Households. 

Estimated Number of Respondents: 

215,000. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 215,000. 

Estimated Time per Response: 15 

hours. 

Estimated Total Annual Burden 

Hours: 53,750. 

34. Title: Guidance on Passive Foreign 

Investment Company (PFIC) Purging 

Elections. 

OMB Control Number: 1545–1965. 

Type of Review: Extension of a 

currently approved collection. 

Description: Section 1.1297–3T(c) 

allows a shareholder of a 1297(e) PFIC 

to make a deemed dividend election 

pursuant to which the shareholder 

includes in income as a dividend its pro 

rata share of the post-1986 earning and 

profit of the PFIC attributable to all of 

the stock it held, directly or indirectly 

on the CFC qualification date, as 

defined in 1.1297–3T(d). The IRS needs 

the information to substantiate the 

taxpayer’s computation of the taxpayer’s 

share of the PFIC’s post-1986 earning 

and profits. 

Form Number: None. 

Affected Public: Business or other-forprofit organizations and individuals. 

Estimated Number of Respondents: 

250. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 250. 

Estimated Time per Response: 1 hour. 

Estimated Total Annual Burden 

Hours: 250. 

35. Title: Measurement of Assets and 

Liabilities for Pension Funding 

Purposes. 

OMB Control Number: 1545–2095. 

Type of Review: Revision of a 

currently approved collection. 

Description: In order to implement the 

statutory provisions under sections 430 

and 436, this final regulation contains 

collections of information in 

§§ 1.430(f)–1(f), 1.430(h)(2)–1(e), 1.436– 

1(f), and 1.436–1(h). The information 

required under § 1.430(f)–1(f) is 

required in order for plan sponsors to 

make elections regarding a plan’s credit 

balances upon occasion. The 

information under § 1.430(g)–1(d)(3) is 

required in order for a plan sponsor to 

include as a plan asset a contribution 

made to avoid a restriction under 

section 436. The information required 

under § 1.430(h)(2)–1(e) is required in 

order for a plan sponsor to make an 

election to use an alternative interest 

rate for purposes of determining a plan’s 

funding obligations under § 1.430(h)(2)– 

1. The information required under 

§§ 1.436–1(f) and 1.436–1(h) is required 

in order for a qualified defined benefit 

plan’s enrolled actuary to provide a 


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timely certification of the plan’s 

adjusted funding target attainment 

percentage (AFTAP) for each plan year 

to avoid certain benefit restrictions. 

The Highway and Transportation 

Funding Act of 2014 (HATFA), Public 

Law 113–159, was enacted on August 8, 

2014, and was effective retroactively for 

single employer defined benefit pension 

plans, optional for plan years beginning 

in 2013 and mandatory for plan years 

beginning in 2014. 

Section 3608(b) of the Coronavirus 

Aid, Relief, and Economic Security Act 

(CARES Act), Public Law 116–136 

provides that for purposes of applying 

§ 436 of the Code (and § 206(g) of 

ERISA), a sponsor of a single-employer 

defined benefit pension plan may elect 

to treat the plan’s adjusted funding 

target attainment percentage (AFTAP) 

for the last plan year ending before 

January 1, 2020, as the AFTAP for plan 

years that include calendar year 2020. 

Notice 2020–61, in part, provides 

guidance on the rules relating to this 

election. 

Section 115(a) of the Setting Every 

Community Up for Retirement 

Enhancement Act of 2019 (SECURE 

Act), Division O of the Further 

Consolidated Appropriations Act, 2020, 

Public Law 116–94, added new § 430(m) 

to the Code to permit the plan sponsor 

of a community newspaper plan under 

which no participant has had an 

increase in accrued benefit after 

December 31, 2017 to elect to have 

alternative minimum funding standards 

apply to the plan in lieu of the 

minimum funding requirements that 

would otherwise apply under § 430. 

Pursuant to § 430(m)(2), any election 

under § 430(m) will be made at such 

time and in such manner as prescribed 

by the Secretary, and once an election 

is made with respect to a plan year, it 

will apply to all subsequent plan years 

unless revoked with the consent of the 

Secretary. Notice 2020–60 provides 

guidance regarding this election. 

Notice 2021–48 provides guidance on 

the changes to the funding rules for 

single-employer defined benefit pension 

plans under § 430 of the Code that were 

made by §§ 9705 and 9706 of the (the 

ARP), Public Law 117–2. The ARP 

added § 430(c)(8), respect to plan years 

beginning after December 31, 2021 (or, 

at the election of the plan sponsor, plan 

years beginning after December 31, 

2018, December 31, 2019, or December 

31, 2020), the shortfall amortization 

bases for all plan years preceding the 

first plan year to which this provision 

applies (and all shortfall amortization 

installments determined with respect to 

those bases) are reduced to zero, and 

shortfall amortization installments for 

all new shortfall amortization bases are 

calculated to amortize each shortfall 

amortization base over 15 plan years. 

In addition, § 9706 of the ARP 

provides changes to the applicable 

minimum and maximum percentages 

for the 24-month average segment rates 

set forth in the table in 

§ 430(h)(2)(C)(iv)(II) of the Code, 

effective with respect to plan years 

beginning after December 31, 2019. 

However, § 9706(c)(2) provides that a 

plan sponsor may elect not to have the 

amendments made by § 9706 apply to 

any plan year beginning before January 

1, 2022, either (as specified in the 

election) for all purposes or solely for 

purposes of determining the AFTAP for 

the plan year. This notice provides 

guidance regarding the elections under 

§ 430(c)(8) of the Code and § 9706(c)(2) 

of the ARP. 

Form Number: None. 

Affected Public: Individuals, business 

or other for-profit organizations, not-forprofit institutions and Federal, state, 

local or tribal governments. 

TD 9467 

Estimated Number of Respondents: 

80,000. 

Estimated Time per Respondent: 1.5 

hrs. 

Estimated Total Annual Burden 

Hours: 120,000. 

Notice: 2020–60 

Estimated Number of Respondents: 

1,000. 

Estimated Time per Respondent: 1 hr. 

Estimated Total Annual Burden 

Hours: 1,000. 

Notice 2020–61 

Estimated Number of Respondents: 

20. 

Estimated Time per Respondent: 4 hr. 

Estimated Total Annual Burden 

Hours: 80. 

Notice 2021–48 

Estimated Number of Responses: 

160,000. 

Estimated Time per Respondent: 25 

hr. 

Estimated Total Annual Burden 

Hours: 40,000. 

36. Title: Credit for Employer 

Differential Wage Payments. 

OMB Control Number: 1545–2126. 

Type of Review: Extension of a 

currently approved collection. 

Description: Employers use Form 

8932 to claim the credit for eligible 

differential wage payments made to 

qualified employees during the tax year. 

The credit is 20% of the first $20,000 of 

differential wage payments paid to each 

qualified employee. 

Form Number: Form 8932. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

2,110. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 2,110. 

Estimated Time per Response: 2 

hours, 58 minutes. 

Estimated Total Annual Burden 

Hours: 6,246. 

37. Title: Form 8928—Return of 

Certain Excise Taxes Under Chapter 43 

of the Internal Revenue Code & TD 

9457—Employer Comparable 

Contributions to HSAs and requirement 

of Return for filing excise taxes under 

sections 4980B, 4980D, 4980E and 

4980G. 

OMB Control Number: 1545–2146. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 8928 is used by 

employers, group health plans HMOs, 

and third-party administrators to report 

and pay excise taxes due for failures 

under sections 4980B, 4980D, 4980E, 

and 4980G. The information results 

from the requirement form TD 9457 to 

file a return for the payment of the 

excise taxes under sections 4980B, 

4980D, 4980E, and 4980G of the code. 

Form Number: Form 8928. 

Affected Public: Business or other forprofit organizations, not-for-profit 

organizations, and individuals. 

Estimated Number of Respondents: 

68. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 68. 

Estimated Time per Response: 23.48 

hours. 

Estimated Total Annual Burden 

Hours: 1,597. 

38. Title: The Health Coverage Tax 

Credit (HCTC) Reimbursement Request 

Form. 

OMB Control Number: 1545–2152. 

Type of Review: Revision of a 

currently approved collection. 

Description: This form will be used by 

HCTC participants to request 

reimbursement for health plan 

premiums paid prior to the 

commencement of advance payments. 

Form Number: Form 14095. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 

3,416. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 3,416. 

Estimated Time per Response: 40 

minutes. 

Estimated Total Annual Burden 

Hours: 2,278 hours. 


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39. Title: Statement of Specified 

Foreign Financial Assets. 

OMB Control Number: 1545–2195. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 8938 was 

developed to comply with IRC section 

6038D to Report Foreign Financial 

Assets. Taxpayers use Form 8938 to 

report specified foreign financial assets 

if the total value of all the specified 

foreign financial assets in which they 

have an interest is more than the 

appropriate reporting threshold. 

Form Number: Form 8938. 

Affected Public: Individuals or 

households, business, or other for-profit 

organizations. 

Estimated Number of Respondents: 

350,000. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 350,000. 

Estimated Time per Response: 4 hours 

43 minutes. 

Estimated Total Annual Burden 

Hours: 1,652,000. 

40. Title: Branded Prescription Drug 

Fee. 

OMB Control Number: 1545–2209. 

Type of Review: Extension of a 

currently approved collection. 

Description: This document contains 

regulations that provide guidance on the 

annual fee imposed on covered entities 

engaged in the business of 

manufacturing or importing branded 

prescription drugs. 

Form Number: None. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

45. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 45. 

Estimated Time per Response: 40 

hours. 

Estimated Total Annual Burden 

Hours: 1,800. 

41. Title: Applications for Voluntary 

Classification Settlement Program. 

OMB Control Number: 1545–2215. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 8952 was created 

by the IRS in conjunction with the 

development of a new program to 

permit taxpayers to voluntarily 

reclassify workers as employees for 

federal employment tax purposes and 

obtain similar relief to that obtained in 

the current Classification Settlement 

Program. To participate in the program, 

taxpayers must meet certain eligibility 

requirements, apply to participate in 

VCSP, and enter into closing agreements 

with the IRS. 

Form Number: Form 8952. 

Affected Public: Businesses and otherfor-profit organizations. 

Estimated Number of Respondents: 

1,700. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 1,700. 

Estimated Time per Response: 9 

hours, 51 minutes. 

Estimated Total Annual Burden 

Hours: 16,745. 

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

Spencer W. Clark, 

Treasury PRA Clearance Officer. 

[FR Doc. 2022–03985 Filed 2–24–22; 8:45 am] 

BILLING CODE 4830–01–P 


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