78566 Federal Register / Vol. 79, No. 249 / Tuesday, December 30, 2014 / Notices 

joint and survivor annuity. These 

regulations affect plan sponsors and 

administrators, and participants in and 

beneficiaries of, certain retirement 

plans. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Annual Burden Hours: 

385,000. 

OMB Number: 1545–1920. 

Type of Review: Revision of a 

currently approved collection. 

Title: Repayment of a Federal 

Government Buyout and Possible 

Suspension of Severance Pay. 

Form: 12311. 

Abstract: Form 12311 outlines the 

regulations requiring those employees 

being rehired by the government and 

received a buyout from their previous 

job to make repayment of the buyout 

before they will be hired again. 

Affected Public: Individuals or 

Households. 

Estimated Annual Burden Hours: 530. 

OMB Number: 1545–1772. 

Type of Review: Revision of a 

currently approved collection. 

Title: User Fee for Employee Plan 

Determination Letter Request. 

Form: 8717. 

Abstract: The Omnibus Reconciliation 

Act of 1990 requires payment of a ‘‘user 

fee’’ with each application for a 

determination letter. Because of this 

requirement, the Form 8717 was created 

to provide filers the means to make 

payment and indicate the type of 

request. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Annual Burden Hours: 

445,770. 

OMB Number: 1545–0014. 

Type of Review: Extension of a 

currently approved collection. 

Title: Application for Registration for 

Certain Excise Tax Activities. 

Form: 637. 

Abstract: Form 637 is used to apply 

for excise tax registration. The 

registration applies to a person required 

to be registered under IRC section 4101 

for purposes of the federal excise tax on 

taxable fuel imposed by IRC 4041 and 

4081; and to certain manufacturers or 

sellers and purchasers that must register 

under IRC 4222 to be exempt from the 

excise tax on taxable articles. The data 

is used to determine if the applicant 

qualifies for exemption. Taxable fuel 

producers are required by IRC 4101 to 

register with the Service before 

incurring any tax liability. 

Affected Public: Private Sector: 

Businesses and other for-profits. 

Estimated Annual Burden Hours: 

27,020. 

OMB Number: 1545–1939. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Notice 2005–32—Notification 

Requirement for Transfer of Partnership 

Interest in Electing Investment 

Partnership (EIP). 

Abstract: The American Jobs Creation 

Act of 2004, Pub. L. 108–357, 118 Stat. 

1418 (the Act), was enacted on October 

22, 2004. The Treasury Department and 

the Internal Revenue Service intend to 

issue regulations implementing sections 

833 and 834 of the Act, which amended 

sections 704, 734, 743, and 6031 of the 

Internal Revenue Code. This notice 

provides interim procedures for 

partnerships and their partners to 

comply with the mandatory basis 

provisions of sections 734 and 743, as 

amended by the Act. This notice also 

provides interim procedures for electing 

investment partnerships (EIPs) and their 

partners to comply with sections 743(e) 

and 6031(f), as provided in section 

833(b) of the Act. 

Affected Public: Private Sector: 

Businesses and other for-profits. 

Estimated Annual Burden Hours: 

552,100. 

OMB Number: 1545–0967. 

Type of Review: Revision of a 

currently approved collection. 

Title: Declaration and Signature for 

Electronic and Magnetic Media Filing. 

Form: 8879–F. 

Abstract: The Form 8879–F is used to 

secure taxpayer signatures and 

declarations in conjunction with 

electronic and magnetic media filing of 

trust and fiduciary income tax returns 

and, if applicable, consent to electronic 

funds withdrawal. The form together 

with the electronic and magnetic media 

transmission will comprise the 

taxpayer’s income tax return. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Annual Burden Hours: 

2,164,379. 

OMB Number: 1545–1150. 

Type of Review: Revision of a 

currently approved collection. 

Title: Form 990–EZ—Short Form 

Return of Organization Exempt From 

Income Tax. 

Form: 990–EZ and schedules. 

Abstract: Form 990–EZ and schedules 

are needed to determine that IRS section 

501(a) tax- exempt organizations fulfill 

the operating conditions within the 

limitations of their tax exemption. IRS 

uses the information from this form to 

determine if the filers are operating 

within the rules of their exemption. 

Affected Public: Private Sector: Notfor-profit institutions. 

Estimated Annual Burden Hours: 

52,028,163. 

Dawn D. Wolfgang, 

Treasury PRA Clearance Officer. 

[FR Doc. 2014–30466 Filed 12–29–14; 8:45 am] 

BILLING CODE 4810–01–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

December 22, 2014. 

The Department of the Treasury will 

submit the following information 

collection request to the Office of 

Management and Budget (OMB) for 

review and clearance in accordance 

with the Paperwork Reduction Act of 

1995, Public Law 104–13, on or after the 

date of publication of this notice. 

DATES: Comments should be received on 

or before January 29, 2015 to be assured 

of consideration. 

ADDRESSES: Send comments regarding 

the burden estimate, or any other aspect 

of the information collection, including 

suggestion 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 

OMB Number: 1545–0001. 

Type of Review: Extension of a 

currently cleared collection. 

Title: Employer’s Annual Railroad 

Retirement Tax Return. 

Form: CT–1, CT–1X. 

Abstract: Railroad employers are 

required to file an annual return to 

report employer and employee Railroad 

Retirement Tax Act (RRTA). Form CT– 

1 is used for this purpose. IRS uses the 

information to insure that the employer 

has paid the correct tax. 

Affected Public: Private sector: 

Businesses or other for-profit 

institutions. 

Estimated Total Burden Hours: 

39,455. 

OMB Number: 1545–0096. 

Type of Review: Extension of a 

currently cleared collection. 

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Federal Register / Vol. 79, No. 249 / Tuesday, December 30, 2014 / Notices 78567 

Title: Form 1042, Annual 

Withholding Tax Return for U.S. Source 

Income of Foreign Persons; Form 1042– 

S, Foreign Person’s U.S. Source Income 

Subject to Withholding, Form 1042–T, 

Annual Summary and Transmittal of 

Form 1042–S. 

Forms: 1042, 1042–S, 1042–T. 

Abstract: Form 1042 is used by 

withholding agents to report tax 

withheld at source on certain income 

paid to nonresident alien individuals, 

foreign partnerships, and foreign 

corporations to the IRS. Form 1042–S is 

used by withholding agents to report 

income and tax withheld to payees. A 

copy of each 1042–S is filed 

magnetically or with Form 1042 for 

information reporting purposes. The IRS 

uses this information to verify that the 

correct amount of tax has been withheld 

and paid to the United States. Form 

1042–T is used by withholding agents to 

transmit Forms 1042–S to the IRS. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

2,705,594. 

OMB Number: 1545–0110. 

Type of Review: Revision of a 

currently approved collection. 

Title: Form 1099–DIV—Dividends and 

Distributions. 

Form: 1099–DIV. 

Abstract: The Form 1099–DIV is used 

by the Service to insure that dividends 

are properly reported as required by 

Code section 6042 and that liquidation 

distributions are correctly reported as 

required by Code section 6043, and to 

determine whether payees are correctly 

reporting their income. 

Affected Public: Private sector: 

Businesses or other for-profit 

institutions. 

Estimated Total Burden Hours: 

34,115,874. 

OMB Number: 1545–0152. 

Type of Review: Extension of a 

currently approved collection. 

Title: Application for Change in 

Accounting Method. 

Form: 3115. 

Abstract: Form 3115 is used by 

taxpayers who wish to change their 

method of computing their taxable 

income. The form is used by the IRS to 

determine if electing taxpayers have met 

the requirements and are able to change 

to the method requested. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

929,066. 

OMB Number: 1545–0238. 

Type of Review: Revision of a 

currently approved collection. 

Title: Form W–2G—Certain Gambling 

Winnings. 

Form: W–2G. 

Abstract: Section 6041 of the Internal 

Revenue Code requires payers of certain 

gambling winnings to report them to 

IRS. If applicable, section 3402(g) and 

section 3406 require tax withholding on 

these winnings. We use the information 

to ensure taxpayers’ reporting 

compliance. 

Affected Public: Individuals. 

Estimated Total Burden Hours: 

4,304,877. 

OMB Number: 1545–0284. 

Type of Review: Extension of a 

currently approved collection. 

Title: Application for Determination 

of Employee Stock Ownership Plan. 

Form: 5309. 

Abstract: Form 5309 is used in 

conjunction with Form 5300 when 

applying for a determination letter as to 

a deferred compensation plan’s 

qualification status under section 409 or 

4975(e)(7) of the Internal Revenue Code. 

The information is used to determine 

whether the plan qualifies. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

26,975. 

OMB Number: 1545–0723. 

Type of Review: Extension of a 

currently approved collection. 

Title: T.D. 8043—Manufacturers 

Excise Taxes and Sporting Goods and 

Firearms and Other Administrative 

Provisions of Special Application to 

Manufacturers and Retailers Excise 

Taxes. 

Abstract: This document contains 

final regulations which revise and 

update the regulations on manufacturers 

excise taxes on sporting goods and 

firearms and other administrative 

provisions especially applicable to 

manufacturers and retailers excise taxes. 

The IRS requires information relating to 

the sale and use of specified articles be 

retained by persons claiming credits and 

refunds of tax. In addition, information 

must be reported to claimants by 

purchasers of those articles, and 

claimants must file claims with the IRS 

and supply supporting information with 

the claims. The information is necessary 

to verify that claims submitted are 

correct and that the claimants are 

entitled to receive a credit or refund of 

tax from the IRS. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

475,000. 

OMB Number: 1545–0795. 

Type of Review: Revision of a 

currently approved collection. 

Title: Form 8233—Exemption From 

Withholding on Compensation for 

Independent (and Certain Dependent) 

Personal Services of a Nonresident 

Alien Individual. 

Form: 8233. 

Abstract: Compensation paid to a 

nonresident alien (NRA) individual for 

independent personal services (selfemployment) is generally subject to 

30% withholding or graduated rates. 

However, compensation may be exempt 

from withholding because of a U.S. tax 

treaty or personal exemption amount. 

Form 8233 is used to request exemption 

from withholding. 

Affected Public: Individuals. 

Estimated Total Burden Hours: 

684,334. 

OMB Number: 1545–0863. 

Type of Review: Extension of a 

currently approved collection. 

Title: LR–218–78 (Final) Product 

Liability Losses and Accumulations for 

Product Liability Losses. 

Abstract: Generally, a taxpayer who 

sustains a product liability loss must 

carry the loss back 10 years. However, 

a taxpayer may elect to have such loss 

treated as a regular net operating loss 

under section 172. If desired, such 

election is made by attaching a 

statement to the tax return. This 

statement will enable the IRS to monitor 

compliance with the statutory 

requirements. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 2,500. 

OMB Number: 1545–0922. 

Type of Review: Extension of a 

currently approved collection. 

Title: Form 8329, Lender’s 

Information Return for Mortgage Credit 

Certificates (MCCs); Form 8330, Issuer’s 

Quarterly Information Return for 

Mortgage Credit Certificates (MCCs). 

Form: 8329, 8330. 

Abstract: Form 8329 is used by 

lending institutions and Form 8330 is 

used by state and local governments to 

report on mortgage credit certificates 

(MCCs) authorized under IRC Section 

25. IRS matches the information 

supplied by lenders and issuers to 

ensure that the credit is computed 

properly. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

73,720. 

OMB Number: 1545–1100. 

Type of Review: Extension of a 

currently approved collection. 

Title: REG–209106–89 (NPRM) 

Changes With Respect to Prizes and 

Awards and Employee Achievement 

Awards. 

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Abstract: This regulation requires 

recipients of prizes and awards to 

maintain records to determine whether 

a qualifying designation has been made. 

The affected public are prize and award 

recipients who seek to exclude the cost 

of a qualifying prize or award. 

Affected Public: Individuals. 

Estimated Total Burden Hours: 1,275. 

OMB Number: 1545–1139. 

Type of Review: Extension of a 

currently approved collection. 

Title: Adjustments to Basis of Stock 

and Indebtedness to Shareholders of S 

Corporations and Treatment of 

Distributions by S Corporations to 

Shareholders (TD 9300); TD 9428— 

Section 1367 Regarding Open Account 

Debt (TD 9428). 

Abstract: The regulations provide the 

procedures and the statements to be 

filed by S corporations for making the 

election provided under section 1368, 

and by shareholders who choose to 

reorder items that decrease their basis. 

Statements required to be filled will be 

used to verify that taxpayers are 

complying with the requirements 

imposed by Congress. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 450. 

OMB Number: 1545–1218. 

Type of Review: Extension of a 

currently approved collection. 

Title: CO–25–96 (TD 8824—Final) 

Regulations Under Section 1502 of the 

Internal Revenue Code of 1986; 

Limitations on Net Operating Loss 

Carryforwards and Certain Built-in 

Losses and Credits Following. 

Abstract: Section 1502 provides for 

the promulgation of regulations with 

respect to corporations that file 

consolidated income tax returns. 

Section 382 limits the amount of income 

that can be offset by loss carryovers and 

credits after an ownership change. 

These final regulations provide rules for 

applying section 382 to groups of 

corporations that file a consolidated 

return. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 662. 

OMB Number: 1545–1275. 

Type of Review: Extension of a 

currently approved collection. 

Title: Limitations on net operating 

loss carryforwards and certain built-in 

losses following ownership change. 

Abstract: 26 U.S.C. 382 limits the 

amount of the taxable income of any 

new loss corporation for any postchange year which may be offset by prechange losses, for each such year. 26 

CFR 1.382–9(d)(2)(iii) and (d)(4)(iv) 

allow a loss corporation to rely on a 

statement by beneficial owners of 

indebtedness in determining whether 

the loss corporation qualifies under 

section 382(l)(1)(5). Section 1.382– 

9(d)(6)(ii) requires a loss corporation to 

file an election if it wants to apply the 

regulations retroactively, or revoke a 

prior section 382(l)(1)(6) election. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 200. 

OMB Number: 1545–1385. 

Type of Review: Revision of a 

currently approved collection. 

Title: TD 8549 (Final) Preparer 

Penalties—Manual Signature 

Requirement. 

Abstract: The reporting requirements 

affect returns preparers of fiduciary 

returns. They will be required to submit 

a list of the names and identifying 

numbers of all fiduciary returns which 

are being filed with a facsimile signature 

of the returns preparer. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

24,000. 

OMB Number: 1545–1393. 

Type of Review: Extension of a 

currently approved collection. 

Title: EE–14–81 Deductions and 

Reductions in Earnings and Profits (or 

Accumulated Profits) With Respect to 

Certain Foreign Deferred Compensation 

Plans Maintained by Certain Foreign 

Corporations. 

Abstract: The regulation provides 

guidance regarding the limitations on 

deductions and adjustments to earnings 

and profits (or accumulated profits) for 

certain foreign deferred compensation 

plans. Respondents will be 

multinational corporations. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

634,450. 

OMB Number: 1545–1484. 

Type of Review: Extension of a 

currently approved collection. 

Title: TD 8881 (Final) REG–242282– 

97 (formerly Intl–62–90, Intl–32–93, 

Intl–52–86, and Intl–52–94) General 

Revision of Regulations Relating to 

Withholding of Tax on Certain U.S. 

Source Income Paid to Foreign. 

Abstract: This document contains 

regulations relating to the withholding 

of income tax under sections 1441, 

1442, and 1443 on certain U.S. source 

income paid to foreign persons and 

related requirements governing 

collection, deposit, refunds, and credits 

of withheld amounts under sections 

1461 through 1463. These regulations 

affect persons making payments of U.S. 

source income to foreign persons. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 1. 

OMB Number: 1545–1488. 

Type of Review: Extension of a 

currently approved collection. 

Title: Requirements Respecting the 

Adoption or Change of Accounting 

Method, Extensions of Time to Make 

Elections. TD 8742—(final). 

Abstract: This document contains 

final regulations providing the 

procedures for requesting an extension 

of time to make certain elections under 

the Internal Revenue Code. In addition, 

the regulations provide the standards 

that the Commissioner will use in 

determining whether to grant taxpayers 

extensions of time to make certain 

elections including changes in 

accounting method and accounting 

period. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 5,000. 

OMB Number: 1545–1519. 

Type of Review: Revision of a 

currently approved collection. 

Title: Form 1099 LTC—Long-Term 

Care and Accelerated Death Benefits. 

Form: 1099–LTC. 

Abstract: Under the terms of IRC 

sections 7702B and 101g, qualified longterm care and accelerated death benefits 

paid to chronically ill individuals are 

treated as amounts received for 

expenses incurred for medical care. 

Amounts received on a per diem basis 

in excess of $175 per day are taxable. 

Section 6050Q requires all such 

amounts to be reported. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

67,275. 

OMB Number: 1545–1633. 

Type of Review: Extension of a 

currently approved collection. 

Title: T.D. 8802—Certain Asset 

Transfers to a Tax-Exempt Entity. 

Abstract: This document contains 

final regulations that implement 

provisions of the Tax Reform Act of 

1986 and the Technical and 

Miscellaneous Revenue Act of 1988. 

The final regulations generally affect a 

taxable corporation that transfers all or 

substantially all of its assets to a taxexempt entity or converts from a taxable 

corporation to a tax-exempt entity in a 

transaction other than a liquidation, and 

generally require the taxable corporation 

to recognize gain or loss as if it had sold 

the assets transferred at fair market 

value. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 125. 

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OMB Number: 1545–1643. 

Type of Review: Extension of a 

currently approved collection. 

Title: REG–209484–87 (TD 8814 final) 

Federal Insurance Contributions Act 

(FICA) Taxation of Amounts Under 

Employee Benefit Plans. 

Abstract: This regulation provides 

guidance as to when amounts deferred 

under or paid from a nonqualified 

deferred compensation plan are taken 

into account as wages for purposes of 

the employment taxes imposed by the 

Federal Insurance Contributions Act 

(FICA). Section 31.3121(v)(2)–1(a)(2) 

requires that the material terms of a plan 

be set forth in writing. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

12,500. 

OMB Number: 1545–1646. 

Type of Review: Extension of a 

currently approved collection. 

Title: Return Requirement for United 

States Persons who acquire or dispose of 

an interest in a foreign partnership, or 

whose proportional interest in a foreign 

partnership changes. 

Abstract: This document contains 

final regulations under section 6046A of 

the Internal Revenue Code relating to 

the requirement that United States 

persons, in certain circumstances, file a 

return if they acquire or dispose of an 

interest in a foreign partnership, or if 

their proportional interest in a foreign 

partnership changes. The burden of 

complying with the collection of 

information required to be reported on 

Form 8865 is reflected in the burden for 

Form 8865, ‘‘Return of U.S. Persons 

With Respect to Certain Foreign 

Partnerships.’’ 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 1. 

OMB Number: 1545–1654. 

Type of Review: Extension of a 

currently approved collection. 

Title: T.D. 8902, Capital Gains, 

Partnership and Subchapter S, and 

Trust Provisions. 

Abstract: This document contains 

final regulations relating to sales or 

exchanges of interests in partnerships, S 

corporations, and trusts. The regulations 

interpret the look-through provisions of 

section 1(h), added by section 311 of the 

Taxpayer Relief Act of 1997 and 

amended by sections 5001 and 6005(d) 

of the Internal Revenue Service 

Restructuring and Reform Act of 1998, 

and explain the rules relating to the 

division of the holding period of a 

partnership interest. The regulations 

affect partnerships, partners, S 

corporations, S corporation 

shareholders, trusts, and trust 

beneficiaries. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 1. 

OMB Number: 1545–1655. 

Type of Review: Extension of a 

currently approved collection. 

Title: T.D. 8861, Private Foundation 

Disclosure Rules. 

Form: 3115. 

Abstract: This document contains 

final regulations that amend the 

regulations relating to the public 

disclosure requirements described in 

section 6104(d) of the Internal Revenue 

Code. These final regulations implement 

changes made by the Tax and Trade 

Relief Extension Act of 1998, which 

extended to private foundations the 

same rules regarding public disclosure 

of annual information returns that apply 

to other tax-exempt organizations. These 

final regulations provide guidance for 

private foundations required to make 

copies of applications for recognition of 

exemption and annual information 

returns available for public inspection 

and to comply with requests for copies 

of those documents. 

Affected Public: Private sector: Notfor-profit organizations. 

Estimated Total Burden Hours: 

32,596. 

OMB Number: 1545–1658. 

Type of Review: Extension of a 

currently approved collection. 

Title: T.D. 8940, Purchase Price 

Allocations in Deemed Actual Asset 

Acquisitions. 

Abstract: This document contains 

final regulations relating to deemed and 

actual asset acquisitions under sections 

338 and 1060. The final regulations 

affect sellers and buyers of corporate 

stock that are eligible to elect to treat the 

transaction as a deemed asset 

acquisition. The final regulations also 

affect sellers and buyers of assets that 

constitute a trade or business. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 25. 

OMB Number: 1545–1686. 

Type of Review: Extension of a 

currently approved collection. 

Title: TD 9352—Material Advisors of 

Reportable Transactions must keep lists 

of Advisees; Form 13976. 

Form: 13976. 

Abstract: TD 9352 contains final 

regulations under section 6112 of the 

Internal Revenue Code providing the 

rules relating to the obligation of 

material advisors to prepare and 

maintain lists with respect to reportable 

transactions under section 6112 of the 

Internal Revenue Code. Under Section 

301.6112–1(b), the form provides 

material advisors a format for preparing 

and maintaining the itemized statement 

component of the list with respect to a 

reportable transaction. This form 

contains space for all of the elements 

required by regulations section 

301.6112–1(b)(3). Material advisors may 

use this form as a template for creating 

a similar form on a software program 

used by the material advisor. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

50,000. 

OMB Number: 1545–1763. 

Type of Review: Extension of a 

currently approved collection. 

Title: Form 8302—Electronic Deposit 

of Tax Refund of $1 Million or more. 

Form: 8302. 

Abstract: This form is used to request 

a electronic deposit of a tax refund of $1 

million or more directly into an account 

at any U.S. bank or other financial 

institution. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 1,729. 

OMB Number: 1545–1768. 

Type of Review: Extension of a 

currently approved collection. 

Title: Revenue Procedure 2003–84, 

Optional Election to Make Monthly Sec. 

706 Allocations. 

Abstract: This revenue procedure 

allows certain partnerships with money 

market fund partners to make an 

optional election to close the 

partnership’s books on a monthly basis 

with respect to the money market fund 

partners. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 500. 

OMB Number: 1545–1779. 

Type of Review: Extension of a 

currently approved collection. 

Title: Notice 2002–27—IRA Required 

Minimum Distribution Reporting. 

Abstract: This notice provides 

guidance with respect to the reporting 

requirements, that is, data that 

custodians and trustees of IRAs must 

furnish IRA owners in those instances 

where there must be a minimum 

distribution from an individual 

retirement arrangement. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

1,170,000. 

OMB Number: 1545–1784. 

Type of Review: Extension of a 

currently approved collection. 

Title: Rev Proc 2002–32 as Modified 

by Rev Proc 2006–21, Waiver of 60- 

month Bar on Reconsolidation after 

Disaffiliation. 

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Abstract: Revenue Procedure 2002–32 

provides qualifying taxpayers with a 

waiver of the general rule of 

§ 1504(a)(3)(A) of the Internal Revenue 

Code barring corporations from filing 

consolidated returns as a member of a 

group of which it had been a member 

for 60 months following the year of 

disaffiliation; Revenue Procedure 2006– 

21 modifies Rev. Proc. 89–56, 1989–2 

C.B. 643, Rev. Proc. 90–39, 1990–2 C.B. 

365, and Rev. Proc. 2002–32, 2002–20 

IRB p.959, to eliminate impediments to 

the electronic filing of Federal income 

tax returns (e-filing) and to reduce the 

reporting requirements in each of these 

revenue procedures. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 100. 

OMB Number: 1545–1786. 

Type of Review: Extension of a 

currently approved collection. 

Title: Rev. Procs. 2002–39, 2006–45 

(Previous 2002–37), 2006–46 (Previous 

2002–38) and Rev. Proc 2007–64; 

Changes in Periods of Accounting. 

Abstract: The collections of 

information in these three (3) revenue 

procedures is necessary for the 

Commissioner to determine whether a 

taxpayer may properly obtain approval 

to adopt, change, or retain an annual 

accounting period. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 700. 

OMB Number: 1545–1793. 

Type of Review: Extension of a 

currently approved collection. 

Title: Rev. Proc. 2002–43— 

Determination of Substitute Agent for a 

Consolidated Group. 

Abstract: The information is needed 

in order for (i) a terminating common 

parent of a consolidated group to notify 

the IRS that it will terminate and to 

designate another corporation to be the 

group’s substitute agent, pursuant to 

Treas. Reg. Sec. 1.1502–77(d)(1) or Sec. 

1.1052–77A(d); (ii) the remaining 

members of a consolidated group to 

designate a substitute agent pursuant to 

Sec. 1.1502–77A(d); (iii) the default 

substitute agent to notify the IRS that it 

is the default substitute agent pursuant 

to Sec. 1.1502–77(d)(2); or (iv) requests 

by a member of the group for the IRS to 

designate a substitute agent or replace a 

previously designated substitute agent. 

The IRS will use the information to 

determine whether to approve the 

designation (if approval is required), to 

designate a substitute agent, or to 

replace a substitute agent, and to change 

the IRS’s records to reflect the name and 

other information about the substitute 

agent. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 400. 

OMB Number: 1545–1795. 

Type of Review: Extension of a 

currently approved collection. 

Title: T.D. 9079—Ten or More 

Employer Plan Compliance Information. 

Abstract: This document contains 

final regulations that provide rules 

regarding the requirements for a welfare 

benefit fund that is part of a 10 or more 

employer plan. The regulations affect 

certain employers that provide welfare 

benefits to employees through a plan to 

which more than one employer 

contributes. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 2,500. 

OMB Number: 1545–1798. 

Type of Review: Revision of a 

currently approved collection. 

Title: User Fee for Exempt 

Organization Determination Letter 

Request. 

Form: 8718. 

Abstract: Section 7528 of the Code 

directs the Secretary of the Treasury or 

delegate (the ‘‘Secretary’’) to establish a 

program requiring the payment of user 

fees for requests to the Service for letter 

rulings, opinion letters, determination 

letters, and similar requests. Form 8718, 

User Fee for Exempt Organization 

Determination Letter Request, was 

created as a result of The Omnibus 

Reconciliation Act of 1990 which 

requires payment of a ‘‘user fee’’ with 

each application for a determination 

letter. Form 8718 provides filers with 

the means to enclose their user fee 

payment and indicate what type of 

request they are making. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 719. 

OMB Number: 1545–1910. 

Type of Review: Extension of a 

currently approved collection. 

Title: Information Return of U.S. 

Persons With Respect To Foreign 

Disregarded Entities (Form 8858); and 

Transactions Between Foreign 

Disregarded Entity of a Foreign Tax 

Owner and the Filer. 

Form: 8858. 

Abstract: Form 8858 and Schedule M 

(Form 8858) are used by certain U.S. 

persons that own a foreign disregarded 

entity (FDE) directly or, in certain 

circumstances, indirectly or 

constructively. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

1,832,500. 

OMB Number: 1545–1930. 

Type of Review: Extension of a 

currently approved collection. 

Title: T.D. 9248—Residence and 

Source Rules Involving U.S. Possessions 

and Other Conforming Changes (Final 

and Temporary). 

Abstract: T.D. 9248 contains final 

regulations that provide rules for 

determining bona fide residency in the 

following U.S. possessions: American 

Samoa, Guam, the Northern Mariana 

Islands, Puerto Rico, and the United 

States Virgin Islands under sections 

937(a) and 881(b) of the Internal 

Revenue Code (Code). 

Affected Public: Individuals. 

Estimated Total Burden Hours: 

300,000. 

OMB Number: 1545–1934. 

Type of Review: Extension of a 

currently approved collection. 

Title: TD 9394 (REG–108524–00) 

(Final)—Section 1446 Regulations; Form 

8804–C—Certificate of Partner-Level 

Items to Reduce Section 1446 

Withholding. 

Form: 8804–C. 

Abstract: This regulations implements 

withholding regime on partnerships 

conducting business in the United 

States that have foreign partners. Such 

partners are required to pay withholding 

tax in installments on each foreign 

partner’s allocable share of the 

partnership’s U.S. Business taxable 

income. Special rules for publicly 

traded partnerships such that these 

partnerships pay withholding tax on 

distributions to foreign partners. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

18,701. 

OMB Number: 1545–1946. 

Type of Review: Extension of a 

currently approved collection. 

Title: T.D. 9315 (Final) Dual 

Consolidated Loss Regulations. 

Abstract: This document contains 

final regulations under section 1503(d) 

of the Internal Revenue Code (Code) 

regarding dual consolidated losses. 

Section 1503(d) generally provides that 

a dual consolidated loss of a dual 

resident corporation cannot reduce the 

taxable income of any other member of 

the affiliated group unless, to the extent 

provided in regulations, the loss does 

not offset the income of any foreign 

corporation. Similar rules apply to 

losses of separate units of domestic 

corporations. These final regulations 

address various dual consolidated loss 

issues, including exceptions to the 

general prohibition against using a dual 

consolidated loss to reduce the taxable 

income of any other member of the 

affiliated group. 

mstockstill on DSK4VPTVN1PROD with NOTICES

Federal Register / Vol. 79, No. 249 / Tuesday, December 30, 2014 / Notices 78571 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 2,765. 

OMB Number: 1545–2099. 

Type of Review: Extension of a 

currently approved collection. 

Title: Excise Tax on Certain Transfers 

of Qualifying Geothermal or Mineral 

Interests. 

Form: 8924. 

Abstract: Form 8924, Excise Tax on 

Certain Transfers of Qualifying 

Geothermal or Mineral Interests, is 

required by Section 403 of the Tax 

Relief and Health Care Act of 2006 

which imposes an excise tax on certain 

transfers of qualifying mineral or 

geothermal interests. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 111. 

OMB Number: 1545–1364. 

Type of Review: Extension of a 

currently approved collection. 

Title: TD 9568—Section 482 Methods 

to Determine Taxable Income in 

Connection with a Cost Sharing 

Arrangement. 

Abstract: This document contains 

final regulations regarding methods to 

determine taxable income in connection 

with a cost sharing arrangement under 

section 482 of the Internal Revenue 

Code (Code). The final regulations 

address issues that have arisen in 

administering the current cost sharing 

regulations. The final regulations affect 

domestic and foreign entities that enter 

into cost sharing arrangements 

described in the final regulations. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 9,350. 

OMB Number: 1545–1518. 

Type of Review: Revision of a 

currently approved collection. 

Title: HSA, Archer MSA, or Medicare 

Advantage MSA Information. 

Form: 5498–SA 2014, 5498–SA 2015. 

Abstract: Section 220(h) requires 

trustees to report to the IRS and medical 

savings account holders contributions to 

and the year-end fair market value of 

any contributions made to a medical 

savings account (MSA). Congress 

requires Treasury to report to them the 

total contributions made to an MSA for 

the current tax year. Section 1201 of the 

Medicare Prescription Drug, 

Improvement, and Modernization Act of 

2003 (P.L. 108–173) created new Code 

section 223. Section 223(h) requires the 

reporting of contributions to and the 

year-end fair market value of health 

savings accounts for tax years beginning 

after December 31, 2003. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 1,559. 

OMB Number: 1545–1581. 

Type of Review: Extension of a 

currently approved collection. 

Title: T.D. 8812 Continuation 

Coverage Requirements Applicable to 

Group Health Plans. 

Abstract: The regulations require 

group health plans to provide notices to 

individuals who are entitled to elect 

COBRA (The Consolidated Omnibus 

Budget Reconciliation Act of 1985) 

continuation coverage of their election 

rights. Individuals who wish to obtain 

the benefits provided under the statute 

are required to provide plans notices in 

the cases of divorce from the covered 

employee, a dependent child’s ceasing 

to be dependent under the terms of the 

plan, and disability. Most plans will 

require that elections of COBRA 

continuation coverage be made in 

writing. In cases where qualified 

beneficiaries are short by an 

insignificant amount in a payment made 

to the plan, the regulations require the 

plan to notify the qualified beneficiary 

if the plan does not wish to treat the 

tendered payment as full payment. If a 

health care provider contacts a plan to 

confirm coverage of a qualified 

beneficiary, the regulations require that 

the plan disclose the qualified 

beneficiary’s complete rights to 

coverage. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

404,640. 

OMB Number: 1545–1648. 

Type of Review: Revision of a 

currently approved collection. 

Title: Publication 3319—Low-Income 

Taxpayer Clinic Grant Application 

Package and Guidelines; Grant Web site. 

Abstract: Publication 3319 is the grant 

application and program requirements 

for our external customers, non-profits, 

legal aid societies, universities, law 

schools, and will be used by anyone in 

the U.S. and territories to apply for a 

low income taxpayer grant. There is a 

Web site which collects the information. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 9,000. 

OMB Number: 1545–1765. 

Type of Review: Extension of a 

currently approved collection. 

Title: T.D. 9171, New Markets Tax 

Credit. 

Abstract: The regulations provide 

guidance for taxpayers claiming the new 

markets tax credit under section 45D of 

the Internal Revenue Code. The 

reporting requirements in the 

regulations require a qualified 

community development entity (CDE) to 

provide written notice to: (1) Any 

taxpayer who acquires an equity 

investment in the CDE at its original 

issue that the equity investment is a 

qualified equity investment entitling the 

taxpayer to claim the new markets tax 

credits; and (2) each holder of a 

qualified equity investment, including 

all prior holders of that investment that 

a recapture event has occurred. CDE’s 

must comply with such reporting 

requirements to the Secretary as the 

Secretary may prescribe. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 210. 

OMB Number: 1545–1776. 

Type of Review: Extension of a 

currently approved collection. 

Title: Form 1041–N—U.S. Income Tax 

Return for Electing Alaska Native 

Settlement Trusts. 

Form: 1041–N. 

Abstract: An Alaska Native 

Settlement Trust (ANST) may elect 

under section 646 to have the special 

income tax treatment of that section 

apply to the trust and its beneficiaries. 

This one-time election is made by filing 

Form 1041–N. Form 1041–N is used by 

the ANST to report its income, etc., and 

to compute and pay any income tax. 

Form 1041–N is also used for the special 

information reporting requirements that 

apply to ANSTs. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 700. 

OMB Number: 1545–1792. 

Type of Review: Extension of a 

currently approved collection. 

Title: REG–164754–01 (FINAL) SplitDollar Life Insurance Arrangements. 

Abstract: The final regulations 

provide guidance for loans made 

pursuant to a split-dollar life insurance 

arrangement. To obtain a particular 

treatment under the regulations for 

certain split-dollar loans, the parties to 

the loan must make a written 

representation, which must be kept as 

part of their books and records and a 

copy filed with their federal income tax 

returns. In addition, if a split-dollar loan 

provides for contingent payments, the 

lender must produce a projected 

payment schedule for the loan and give 

the borrower a copy of the schedule. 

This schedule is used by parties to 

compute their interest accruals and any 

imputed transfers for tax purposes. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

32,500. 

OMB Number: 1545–1919. 

Type of Review: Extension of a 

currently approved collection. 

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78572 Federal Register / Vol. 79, No. 249 / Tuesday, December 30, 2014 / Notices 

Title: Prior Government Service 

Information. 

Form: 12854. 

Abstract: This product is used to 

identify applicants who have had prior 

government services in order to request 

the OPF from federal records and to 

identify possible pay setting issues. 

Affected Public: Individuals. 

Estimated Total Burden Hours: 6,203. 

OMB Number: 1545–2129. 

Type of Review: Extension of a 

currently approved collection. 

Title: REG–103146–08—Information 

Reporting Requirements Under Code 

Sec. 6039. 

Form: 3921, 3922. 

Abstract: Form 3921 is a copy of the 

information return filed with the IRS 

which transferred shares of stock to a 

recipient through exercise of an 

incentive stock option under section 

422(b). Form 3922 is used to record a 

transfer of the legal title of a share of 

stock acquired by the employee where 

the stock was acquired pursuant to the 

exercise of an option described in 

section 423(c). REG–103146–08 reflects 

the changes to section 6039 of the 

Internal Revenue Code made by section 

403 of the Tax Relief and Health Care 

Act of 2006. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 

25,205. 

OMB Number: 1545–2183. 

Type of Review: Extension of a 

currently approved collection. 

Title: Transfers by Domestic 

Corporations That Are Subject to 

Section 367(a)(5); Distributions by 

Domestic Corporations That Are Subject 

to Section 1248(f). (TD 9614 & 9615). 

Abstract: The income tax regulations 

under section 367(a) reflect changes by 

the Technical and Miscellaneous 

Corrections Act of 1988. Section 

367(a)(5) provides that a transfer of 

assets to a foreign corporation in an 

exchange described in section 361 is 

subject to section 367(a)(1), unless 

certain ownership requirements and 

other conditions are met. 

Affected Public: Private sector: 

Business or other for-profits. 

Estimated Total Burden Hours: 3,260. 

Robert Dahl, 

Treasury PRA Clearance Officer. 

[FR Doc. 2014–30376 Filed 12–29–14; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Bureau of the Fiscal Service 

Proposed Collection of Information: 

Annual Letters—Certificates of 

Authority (A) and Admitted Reinsurer 

ACTION: Notice and 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 a proposed 

and/or continuing information 

collection, as required by the Paperwork 

Reduction Act of 1995, Public Law 104– 

13 (44 U.S.C. 3506(c)(2)(A)). Currently 

the Bureau of the Fiscal Service within 

the Department of the Treasury is 

soliciting comments concerning the 

‘‘Annual Letters—Certificates of 

Authority (A) and Admitted Reinsurer’’. 

DATES: Written comments should be 

received on or before March 2, 2015 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Bureau of the Fiscal Service, Bruce A. 

Sharp, 200 Third Street A4–A, 

Parkersburg, WV 26106–1328, or 

bruce.sharp@fiscal.treasury.gov. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies should be directed to Melvin 

Saunders, Program Manager, Surety 

Bonds, 3700 East West Highway, Room 

632F, Hyattsville, MD 20782, (202) 874– 

5283. 

SUPPLEMENTARY INFORMATION: 

Title: Annual Letters—Certificates of 

Authority (A) and Admitted Reinsurer. 

OMB Number: 1530–0014 (Previously 

approved as 1510–0057 as a collection 

conducted by Department of the 

Treasury/Financial Management 

Service.) 

Transfer of OMB Control Number: 

The Bureau of Public Debt (BPD) and 

the Financial Management Service 

(FMS) have consolidated to become the 

Bureau of the Fiscal Service (Fiscal 

Service). Information collection requests 

previously held separately by BPD and 

FMS will now be identified by a 1530 

prefix, designating Fiscal Service. 

Abstract: This letter is used to collect 

information from companies to assist 

the Treasury Department in determining 

acceptability and solvency to write or 

reinsure Federal surety bonds. 

Current Actions: Extension of a 

currently approved collection. 

Type of Review: Regular. 

Affected Public: Business or other forprofit. 

Estimated Number of Respondents: 

341. 

Estimated Time per Respondent: 

39.75 hours. 

Estimated Total Annual Burden 

Hours: 13,555. 

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. 

Dated: December 23, 2014. 

Bruce A. Sharp, 

Bureau Clearance Officer. 

[FR Doc. 2014–30522 Filed 12–29–14; 8:45 am] 

BILLING CODE 4810–AS–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

[OMB Control No. 2900–0565] 

Agency Information Collection (State 

Application for Interment Allowance): 

Activity Under OMB Review 

AGENCY: Veterans Benefits 

Administration, Department of Veterans 

Affairs. 

ACTION: Notice. 

SUMMARY: In compliance with the 

Paperwork Reduction Act (PRA) of 1995 

(44 U.S.C. 3501–3521), this notice 

announces that the Veterans Benefits 

Administration (VBA), Department of 

Veterans Affairs, will submit the 

collection of information abstracted 

below to the Office of Management and 

Budget (OMB) for review and comment. 

The PRA submission describes the 

nature of the information collection and 

its expected cost and burden; it includes 

the actual data collection instrument. 

DATES: Comments must be submitted on 

or before January 29, 2015. 

ADDRESSES: Submit written comments 

on the collection of information through 

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