Federal Register / Vol. 87, No. 82 / Thursday, April 28, 2022 / Notices 25357 

Belonging To A Decedent’s Estate Being 

Settled Without Administration. 

OMB Control Number: 1530–0027. 

Type of Review: Extension of a 

currently approved collection. 

Description: The information is 

requested to obtain a creditor’s consent 

to dispose of savings bonds/notes in 

settlement of a deceased owner’s estate 

without administration. 

Form: FS Form 1050. 

Affected Public: Individuals or 

Households. 

Estimated Number of Respondents: 

2,200. 

Estimated Total Number of Annual 

Responses: 2,200. 

Estimated Time per Response: 6 

minutes. 

Estimated Total Annual Burden 

Hours: 220 hours. 

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

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2022–09100 Filed 4–27–22; 8:45 am] 

BILLING CODE 4810–AS–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, 

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 May 31, 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: Application for 

Determination for Terminating Plan, 

and Distributable Benefits from 

Employee Pension Benefit Plans. 

OMB Control Number: 1545–0202. 

Type of Review: Extension of a 

currently approved collection. 

Description: Employers who have 

qualified deferred compensation plans 

can take an income tax deduction for 

contributions to their plans. Form 5310 

is used to request an IRS determination 

letter about the plan’s qualification 

status (qualified or non-qualified) under 

Internal Revenue Code sections 401(a) 

or 403(a) of a pension. Form 6088 is 

used by the IRS to analyst an 

application for a determination letter on 

the qualification of the plan upon 

termination. 

Form Number: IRS Forms 5310 and 

6088. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

1,244. 

Frequency of Response: On occasion. 

Estimated Total Number of Annual 

Responses: 1,244. 

Estimated Time per Response: 66 

hours 6 minutes. 

Estimated Total Annual Burden 

Hours: 82,231. 

2. Title: Request for Discharge from 

Personal Liability Under Internal 

Revenue Code Section 2204 or 6905. 

OMB Control Number: 1545–0432. 

Type of Review: Extension of a 

currently approved collection. 

Description: 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. 

Form Number: IRS Form 5495. 

Affected Public: Individuals or 

Households. 

Estimated Number of Respondents: 

25,000. 

Frequency of Response: On occasion. 

Estimated Total Number of Annual 

Responses: 25,000. 

Estimated Time per Response: 12 

hours 16 minutes. 

Estimated Total Annual Burden 

Hours: 306,500 hours. 

3. Title: Low-Income Housing Credit 

Disposition Bond. 

OMB Control Number: 1545–1029. 

Type of Review: Revision of a 

currently approved collection. 

Description: Form 8693 is needed per 

IRC section 42(j)(6) to post bond or 

establish a Treasury Direct Account and 

waive the recapture requirements under 

section 42(j) for certain disposition of a 

building on which the low-income 

housing credit was claimed. Internal 

Revenue regulations section 301.7101–1 

requires that the posting of a bond must 

be done on the appropriate form as 

determined by the Internal Revenue 

Service. 

Form Number: IRS Form 8693. 

Affected Public: Businesses or other 

for-profit; and Individuals or 

Households. 

Estimated Number of Respondents: 

667. 

Frequency of Response: On occasion. 

Estimated Total Number of Annual 

Responses: 667. 

Estimated Time per Response: 2 hours 

36 minutes. 

Estimated Total Annual Burden 

Hours: 1,728. 

4. Title: Clear Reflection of Income in 

the Case of Hedging Transactions. 

OMB Control Number: 1545–1412. 

Type of Review: Extension of a 

currently approved collection. 

Description: This regulation provides 

guidance to taxpayers regarding when 

gain or loss from common business 

hedging transactions is recognized for 

tax purposes and requires that the books 

and records maintained by a taxpayer 

disclose the method or methods used to 

account for different types of hedging 

transactions. 

Regulation Project Number: TD 8554. 

Affected Public: Business or other-forprofit organizations. 

Estimated Number of Respondents: 

100,000. 

Frequency of Response: On occasion. 

Estimated Total Number of Annual 

Responses: 100,000. 

Estimated Time per Response: 12 

minutes. 

Estimated Total Annual Burden 

Hours: 20,000. 

5. Title: Reporting Requirements for 

Widely Held Fixed Investment Trusts. 

OMB Control Number: 1545–1540. 

Type of Review: Extension of a 

currently approved collection. 

Description: Under regulation section 

1.671–5, the trustee or the middleman 

who holds an interest in a widely held 

fixed investment trust for an investor 

will be required to provide a Form 1099 

to the IRS and a tax information 

statement to the investor. The trust is 

also required to provide more detailed 

tax information to middlemen and 

certain other persons, upon request. 

Regulation Project Number: TD 9308. 

Affected Public: Business or other forprofit organizations. 


jspears on DSK121TN23PROD with NOTICES1
25358 Federal Register / Vol. 87, No. 82 / Thursday, April 28, 2022 / Notices 

Estimated Number of Respondents: 

1,200. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 1,200. 

Estimated Time per Response: 2 

hours. 

Estimated Total Annual Burden 

Hours: 2,400 hours. 

6. Title: Credit for Employer-Provided 

Child Care Facilities and Services. 

OMB Control Number: 1545–1809. 

Type of Review: Extension of a 

currently approved collection. 

Description: Employers use Form 

8882 to claim the credit for qualified 

childcare facility and resource and 

referral expenditures. It is part of the 

general business credit. 

Form Number: IRS Form 8882. 

Affected Public: Business or other forprofits; and Individuals or Households. 

Estimated Number of Respondents: 

286. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 286. 

Estimated Time per Response: 3 hours 

41 minutes. 

Estimated Total Annual Burden 

Hours: 1,053. 

7. Title: Coverdell ESA Contribution 

Information. 

OMB Control Number: 1545–1815. 

Type of Review: Extension of a 

currently approved collection. 

Description: Form 5498–ESA is used 

by trustees or issuers of Coverdell 

Education Savings accounts to report 

contributions and rollovers to these 

accounts to beneficiaries. 

Form Number: 5498–ESA. 

Affected Public: Business or other forprofit institutions. 

Estimated Number of Respondents: 

196,600. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 196,600. 

Estimated Time per Response: 7 

minutes. 

Estimated Total Annual Burden 

Hours: 23,592 hours. 

8. Title: Notice of Expatriation and 

Waiver of Treaty Benefits. 

OMB Control Number: 1545–2138. 

Type of Review: Extension of a 

currently approved collection. 

Description: Information used by 

taxpayers to notify payer of expatriation 

so that proper tax treatments is applied 

by payer. The taxpayer is required to file 

this form to obtain any benefit accorded 

by the status. 

Form Number: W–8CE. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 

500. 

Frequency of Response: Annually. 

Estimated Total Number of Annual 

Responses: 500. 

Estimated Time per Response: 5 hours 

41 minutes. 

Estimated Total Annual Burden 

Hours: 2,840. 

9. Title: Section 6708, Failure to 

Maintain List of Advisees with Respect 

to Reportable Transactions. 

OMB Control Number: 1545–2245. 

Type of Review: Extension of a 

currently approved collection. 

Description: This document contains 

final regulations relating to the penalty 

under Internal Revenue Code (IRC) 

section 6708 for failing to make 

available lists of advisees with respect 

to reportable transactions. IRC section 

6708 imposes a penalty upon material 

advisors for failing to make available to 

the Secretary, upon written request, the 

list required to be maintained by IRC 

section 6112 within 20 business days 

after the date of such request. Treasury 

Regulations section 301.6708–1(c)(3)(ii) 

requires a material advisor requesting an 

extension of the 20-business-day period 

to provide certain information to the IRS 

to grant the extension. The final 

regulations primarily affect individuals 

and entities who are material advisors, 

as defined in IRC section 6111. 

Regulation Project Number: TD 9764. 

Affected Public: Individuals or 

Households. 

Estimated Number of Respondents: 5. 

Frequency of Response: On occasion. 

Estimated Total Number of Annual 

Responses: 5. 

Estimated Time per Response: 8 

hours. 

Estimated Total Annual Burden 

Hours: 40. 

10. Title: Funding relief for 

multiemployer defined benefit pension 

plans under the American Rescue Plan 

Act of 2021. 

OMB Control Number: 1545–2300. 

Type of Review: Extension of a 

currently approved collection. 

Description: The American Rescue 

Plan Act of 2021 (ARP), Public Law 

117–2, sections 9701, 9702, and 9703 

provide elective funding relief for 

multiemployer defined benefit pension 

plans to address the continued impact 

of COVID–19. This notice provides 

guidance for sponsors of multiemployer 

defined benefit pension plans on the 

elections under sections 9701 and 9702 

of the ARP Act, and the relief provided 

under section 9703 of the ARP Act, 

relating to Internal Revenue Code (IRC) 

sections 431 and 432. 

Notice Number: 2021–57. 

Affected Public: Business or other forprofit organizations; and Not-for-profit 

organizations. 

Estimated Number of Respondents: 

937. 

Frequency of Response: On occasion. 

Estimated Total Number of Annual 

Responses: 937. 

Estimated Time per Response: 58 

minutes. 

Estimated Total Annual Burden 

Hours: 896. 

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

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2022–09129 Filed 4–27–22; 8:45 am] 

BILLING CODE 4810–01–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Multiple 

Alcohol and Tobacco Tax and Trade 

Bureau 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 May 31, 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: 

Alcohol and Tobacco Tax and Trade 

Bureau (TTB) 

1. Title: Bond for Drawback Under 26 

U.S.C. 5111. 

OMB Control Number: 1513–0116. 

Type of Review: Extension of a 

currently approved collection. 

Description: The IRC authorizes 

drawback (refund) of all but $1.00 per 


jspears on DSK121TN23PROD with NOTICES1