30 day FRN

Federal Register / Vol. 85, No. 62 / Tuesday, March 31, 2020 / Notices
Approved: March 25, 2020.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2020–06651 Filed 3–30–20; 8:45 am]
BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 706–NA
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:

The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the IRS is soliciting
comments concerning Form 706–NA,
U.S. Estate (and Generation-Skipping
Transfer) Tax Return.
DATES: Written comments should be
received on or before June 1, 2020 to be
assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, Room 6526, 1111
Constitution Avenue NW, Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to LaNita Van Dyke,
at (202) 317–6009, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington DC 20224, or
through the internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: U.S. Estate (and GenerationSkipping Transfer) Tax Return.
OMB Number: 1545–0531.
Form Number: 706–NA.
Abstract: Form 706–NA is used to
compute estate and generation-skipping
transfer tax liability for nonresident
alien decedents in accordance with
section 6018 of the Internal Revenue
Code. IRS uses the information on the
form to determine the correct amount of
tax and credits.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Responses: 800

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SUMMARY:

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Estimated Time per Respondent: 4
hours, 29 minutes.
Estimated Total Annual Burden
Hours: 3,584.
The following paragraph applies to all
the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a
collection of information must be
retained if their contents may become
material in the administration of any
internal revenue law. Generally, tax
returns and tax return information are
confidential, as required by 26 U.S.C.
6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) 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.
Approved: March 25, 2020.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2020–06595 Filed 3–30–20; 8:45 am]
BILLING CODE 4830–01–P

Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Regulation
Agency Protests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:

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

SUMMARY:

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Fmt 4703

date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before April 30, 2020 to be assured
of consideration.
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 Spencer W. Clark by
emailing [email protected], calling
(202) 927–5331, or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Departmental Offices (DO)
Title: Regulation Agency Protests.
OMB Control Number: 1505–0107.
Type of Review: Extension without
change of a currently approved
collection.
Description: Information is requested
of contractors so that the Government
will be able to evaluate protests
effectively and provide prompt
resolution of issues in dispute when
contractors file protests.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
Five.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: Five.
Estimated Time per Response: Two
hours.
Estimated Total Annual Burden
Hours: Ten.
Authority: 44 U.S.C. 3501 et seq.

DEPARTMENT OF THE TREASURY

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Dated: March 26, 2020.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2020–06643 Filed 3–30–20; 8:45 am]
BILLING CODE 4810–25–P

DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Internal Revenue Service Information
Collection Requests
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:

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Federal Register / Vol. 85, No. 62 / Tuesday, March 31, 2020 / Notices

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 should be received on
or before April 30, 2020 to be assured
of consideration.
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 Spencer W. Clark by
emailing [email protected], calling
(202) 927–5331, or viewing the entire
information collection request at
www.reginfo.gov.
SUMMARY:

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SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)
1. Title: Gasoline Excise Tax and
Gasohol; Compressed Natural Gas—TD
8609.
OMB Control Number: 1545–1270.
Type of Review: Extension without
change of a currently approved
collection.
Description: TD 8421 contains final
regulations under Internal Revenue
Code sections 4081 and 4082, relating to
the federal excise tax on gasoline. It
affects refiners, importers, and
distributors of gasoline and provides
guidance relating to taxable
transactions, persons liable for tax,
gasoline blendstocks, and gasohol. TD
8609 contains final regulations relating
to gasohol blending and the tax on
compressed natural gas (CNG). The
sections relating to gasohol blending
affect certain blenders, enterers,
refiners, and throughputters. The
sections relating to CNG affect persons
that sell or buy CNG for use as a fuel
in a motor vehicle or motorboat.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
3,410.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 3,410.
Estimated Time per Response: 7
minutes.

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Estimated Total Annual Burden
Hours: 366.
2. Title: Election Out of Subchapter K
for Producers of Natural Gas.
OMB Control Number: 1545–1338.
Type of Review: Extension without
change of a currently approved
collection.
Description: This regulation contains
certain requirements that must be met
by co-producers of natural gas subject to
a joint operating agreement in order to
elect out of subchapter K of chapter 1
of the Internal Revenue Code. Under
section 1.761–2(d)(5)(i), gas producers
subject to gas balancing agreements on
the regulation’s effective date are to file
Form 3115 and certain additional
information to obtain the
Commissioner’s consent to a change in
method of accounting to either of the
two new permissible accounting
methods in the regulations.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
10.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 10.
Estimated Time per Response: 30
minutes.
Estimated Total Annual Burden
Hours: 5.
3. Title: Information Reporting for
Qualified Tuition and Related Expenses.
OMB Control Number: 1545–1574.
Type of Review: Extension without
change of a currently approved
collection.
Description: Section 6050S of the
Internal Revenue Code requires eligible
education institutions to report certain
information regarding tuition payments
to the IRS and to students. Form 1098–
T has been developed to meet this
requirement.
Form: 1098–T.
Affected Public: Businesses or other
for-profits, Not-for-profit Institutions.
Estimated Number of Respondents:
7,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 25,973,000.
Estimated Time per Response: 13
minutes.
Estimated Total Annual Burden
Hours: 5,973,790.
4. Title: Election to Treat Trust as Part
of an Estate—REG–106542–98 (TD
9032).
OMB Control Number: 1545–1578.
Type of Review: Extension without
change of a currently approved
collection.
Description: REG–106542–98 (TD
9032) and Rev. Proc. 98–13 relate to an

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election to have certain revocable trusts
treated and taxed as part of an estate,
and provides the procedures and
requirements for making the section 645
election.
Form: None.
Affected Public: Individuals and
households.
Estimated Number of Respondents:
10,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 10,000.
Estimated Time per Response: 30
minutes.
Estimated Total Annual Burden
Hours: 5,000.
5. Title: Exception from the
information reporting requirements in
§ 6045(e).
OMB Control Number: 1545–1592.
Type of Review: Extension without
change of a currently approved
collection.
Description: This revenue procedure
2007–12, provides the written
assurances that are acceptable to the
Service for exempting a real estate
reporting person from information
reporting requirements for the sale of a
principal residence under section
6045(e)5) of the Internal Revenue Code.
Form: None.
Affected Public: Individuals and
households.
Estimated Number of Respondents:
2,390,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 2,300,000.
Estimated Time per Response: 10
minutes.
Estimated Total Annual Burden
Hours: 420,500.
6. Title: Handbook for Authorized IRS
e-file Providers.
OMB Control Number: 1545–1708.
Type of Review: Extension without
change of a currently approved
collection.
Description: Publication 1345
provides important information for
Authorized IRS e-file Providers of
Individual Income Tax Returns,
including information regarding return
submission, record keeping
requirements, payment options, and
refunds.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
200,000.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 129,655,713.
Estimated Time per Response: 3
minutes.
Estimated Total Annual Burden
Hours: 6,023,762.

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Federal Register / Vol. 85, No. 62 / Tuesday, March 31, 2020 / Notices
7. Title: Extraterritorial Income
Exclusion (Form 8873).
OMB Control Number: 1545–1722.
Type of Review: Extension without
change of a currently approved
collection.
Description: A taxpayer uses Form
8873 to claim the gross income
exclusion provided for by section 114 of
the Internal Revenue Code.
Form: 8873.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
750,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 750,000.
Estimated Time per Response: 25
hours 27 minutes.
Estimated Total Annual Burden
Hours: 19,087,500.
8. Title: Electronic Payee Statements.
OMB Control Number: 1545–1729.
Type of Review: Extension without
change of a currently approved
collection.
Description: In general, under these
regulations, a person required to furnish
a statement on Form W–2 under Code
sections 6041(d) or 6051, or Forms
1098–T or 1098–E under Code section
6050S, may furnish these statements
electronically if the recipient consents
to receive them electronically, and if the
person furnishing the statement (1)
makes certain disclosures to the
recipient, (2) annually notifies the
recipient that the statement is available
on a website, and (3) provides access to
the statement on that website for a
prescribed period of time.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
15,200.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 28,449,495.
Estimated Time per Response: 6
minutes.
Estimated Total Annual Burden
Hours: 2,844,950.
9. Title: Manner of making election to
terminate tax-exempt bond financing.
OMB Control Number: 1545–1730.
Type of Review: Extension without
change of a currently approved
collection.
Description: Section 142(f)(4) of the
Internal Revenue Code of 1986 permits
a person engaged in the local furnishing
of electric energy or gas that uses
facilities financed with exempt facility
bonds under section 142(a)(8) and that
expands it service area in a manner
inconsistent with the requirements of
sections 142(a)(8) and 142(f) to make an

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election to ensure that those bonds will
continue to be treated as tax-exempt
bonds. The final regulations (1.142(f)-1)
set forth the required time and manner
of making this statutory election.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
15.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 15.
Estimated Time per Response: 1 hour.
Estimated Total Annual Burden
Hours: 15.
10. Title: Form 720–CS, Carrier
Summary Report, Form 720–TO,
Terminal Operator Report, and Form
8809–EX, Request for Extension of Time
to File an ExSTARS Information Return.
OMB Control Number: 1545–1733.
Type of Review: Extension without
change of a currently approved
collection.
Description: Representatives of the
motor fuel industry, state governments,
and the Federal government are working
to ensure compliance with excise taxes
on motor fuels. This joint effort has
resulted in a system to track the
movement of all products to and from
terminals. Form 720–CS is an
information return that will be used by
carriers to report their monthly
deliveries and receipts of products to
and from terminals. Form 720–TO is
completed by bulk transport carriers
(barges, vessels, and pipeline) who
deliver fuel product to the terminals.
Form 8809–EX is used to request a 30day extension of time to file an Excise
Summary terminal Activity Reporting
System (ExSTARS) information report
(Form 720CS, Carrier Summary Report
or Form 720TO, Terminal operator
Report).
Form: 720–CS, 720–TO, 8809–EX.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
544,380.
Frequency of Response: Monthly, On
occasion.
Estimated Total Number of Annual
Responses: 544,380.
Estimated Time per Response: 4 hours
39 minutes.
Estimated Total Annual Burden
Hours: 2,530,383.
11. Title: Form 720–TO—Terminal
Operator Report.
OMB Control Number: 1545–1734.
Type of Review: Extension without
change of a currently approved
collection.
Description: Representatives of the
motor fuel industry, state governments,
and the Federal government are working

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to ensure compliance with excise taxes
on motor fuels. This joint effort has
resulted in a system to track the
movement of all products to and from
terminals. Form 720–TO is an
information return that will be used by
terminal operators to report their
monthly receipts and disbursements of
products.
Form: 720–TO.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
1,500.
Frequency of Response: Monthly.
Estimated Total Number of Annual
Responses: 504,000.
Estimated Time per Response: 4 hours
39 minutes.
Estimated Total Annual Burden
Hours: 2,347,020.
12. Title: Health Insurance Costs of
Eligible Individuals for (HCTC).
OMB Control Number: 1545–1875.
Type of Review: Extension without
change of a currently approved
collection.
Description: Revenue Procedure
2004–12 informs states how to elect a
health program to be qualified health
insurance for purposes of the health
coverage tax credit (HCTC) under
section 35 of the Internal Revenue Code.
The collection of information is
voluntary. However, if a state does not
make an election, eligible residents of
the state may be impeded in their efforts
to claim the HCTC.
Form: None.
Affected Public: State, Local and
Tribal Governments.
Estimated Number of Respondents:
51.
Frequency of Response: Once.
Estimated Total Number of Annual
Responses: 51.
Estimated Time per Response: 30
minutes.
Estimated Total Annual Burden
Hours: 26.
13. Title: Average Area Purchase Price
Safe Harbors and Nationwide Purchase
Prices under section 143.
OMB Control Number: 1545–1877.
Type of Review: Extension without
change of a currently approved
collection.
Description: The revenue procedure
under this collection provides issuers of
qualified mortgage bonds, as defined in
section 143(a) of the Internal Revenue
Code (Code), and issuers of mortgage
credit certificates, as defined in section
25(c), with (1) the nationwide average
purchase price for residences located in
the United States, and (2) average area
purchase price safe harbors for
residences located in statistical areas in
each state, the District of Columbia,

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Puerto Rico, the Northern Mariana
Islands, American Samoa, the Virgin
Islands, and Guam.
Form: None.
Affected Public: State, Local and
Tribal Governments.
Estimated Number of Respondents:
60.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 60.
Estimated Time per Response: 15
minutes.
Estimated Total Annual Burden
Hours: 15 hours.
14. Title: Form 8908—Energy Efficient
Home Credit.
OMB Control Number: 1545–1979.
Type of Review: Extension without
change of a currently approved
collection.
Description: Eligible contractors will
use Form 8908 to claim the credit for
new energy efficient homes that are
acquired by sale or lease by an
individual from that contractor during
the tax year for use as a residence.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
198,000.
Frequency of Response: Annually.
Estimated Total Number of Annual
Responses: 198,000.

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Estimated Time per Response: 2 hours
36 minutes.
Estimated Total Annual Burden
Hours: 512,820.
15. Title: Rules for Certain Rental Real
Estate Activities.
OMB Control Number: 1545–2194.
Type of Review: Extension without
change of a currently approved
collection.
Description: This Revenue Procedure
grants relief under Section 1.469–9(g)
for certain taxpayers to make late
elections to treat all interests in rental
real estate as a single rental real estate
activity.
Form: None.
Affected Public: Individuals and
households.
Estimated Number of Respondents:
2,000.
Frequency of Response: Once,
Annually.
Estimated Total Number of Annual
Responses: 1,000.
Estimated Time per Response: 30
minutes.
Estimated Total Annual Burden
Hours: 1,000.
16. Title: Form 14242—Reporting
Abusive Tax Promotions or Preparer’s, &
Form 14242 (SP)—Informe las Presuntas
Promociones de Planes.
OMB Control Number: 1545–2219.

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Type of Review: Extension without
change of a currently approved
collection.
Description: Form 14242 and Form
14242 (SP) are both used to report an
abusive tax avoidance scheme and tax
return preparers who promote such
schemes (Form 14242 (SP) is the
Spanish translation of Form 14242). The
information is collected to combat
abusive tax promoters. Respondents can
be individuals, businesses and tax
return preparers.
Form: 14242, 14242 (SP).
Affected Public: Individuals and
households.
Estimated Number of Respondents:
460.
Frequency of Response: Once.
Estimated Total Number of Annual
Responses: 460.
Estimated Time per Response: 10
minutes.
Estimated Total Annual Burden
Hours: 77 hours.
Authority: 44 U.S.C. 3501 et seq.
Dated: March 26, 2020.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2020–06684 Filed 3–30–20; 8:45 am]
BILLING CODE 4830–01–P

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