Notice2025-23740
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service (IRS) Information Collection Requests
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
December 23, 2025
Issuing agencies
Treasury Department
Abstract
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.
Full Text
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<title>Federal Register, Volume 90 Issue 244 (Tuesday, December 23, 2025)</title>
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[Federal Register Volume 90, Number 244 (Tuesday, December 23, 2025)]
[Notices]
[Pages 60239-60240]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-23740]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple Internal Revenue Service (IRS)
Information Collection Requests
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice of information collection; request for comment.
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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 should be received on or before January 22, 2026 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 <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. 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 <a href="/cdn-cgi/l/email-protection#6434362524101601051711161d4a030b12"><span class="__cf_email__" data-cfemail="2e7e7c6f6e5a5c4b4f5d5b5c5700494158">[email protected]</span></a>, calling
(202) 927-5331, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
1. Title: Returns Required on Magnetic Media.
OMB Control Number: 1545-0957.
Type of Request: Extension without change of a currently approved
collection.
[[Page 60240]]
Description: Certain filers of information returns are required by
law to file on magnetic media. In some instances, waivers from this
requirement are necessary and justified. Form 8508 is submitted by the
filer and provides information on which IRS will base its waiver
determination.
Form: 8508.
Affected Public: Private Sector, Federal, State and local
governments.
Estimated Number of Respondents: 1,000.
Frequency of Response: On Occasion.
Estimated Total Number of Annual Responses: 1,000.
Estimated Time per Response: 15 minutes.
Estimated Total Annual Burden Hours: 750.
2. Title: TD 8458, Real Estate Mortgage Investment Conduits.
OMB Control Number: 1545-1276.
Type of Request: Extension of a currently approved collection.
Description: Internal Revenue Code (IRC) section 860E(e) imposes an
excise tax on any transfer of a residual interest in a Real Estate
Mortgage Investment Conduits (REMIC) to a disqualified organization.
IRC sections 860E(e)(4) and 860E(e)(6)(D) provide relief of the excise
tax when the transferee or record holder of the residual interest
furnishes an affidavit to the transferor or pass-thru entity stating
that they are not a disqualified organization. Treasury Decision (TD)
8458 contains final regulations and guidance relating to the IRC
requirements for a REMIC. Treasury Regulations section 1.860E-2(a)(5)
requires the REMIC, upon request of the party responsible for the tax
liability, to furnish information sufficient to compute the present
value of the anticipated excess inclusions. Treasury Regulations
sections 1.860E-2(a)(7) and 1.860E-2(b)(2) provide requirements for the
affidavits provided by the transferee or record holder of a residual
interest in a REMIC as required by IRC sections 860E(e)(4) and
860E(e)(6)(D).
Regulation Project Number: TD 8458.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 1,600.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 1,600.
Estimated Time per Response: 20 minutes.
Estimated Total Annual Burden Hours: 525.
3. Title: Aid of Construction Under Section 118(c).
OMB Control Number: 1545-1639.
Type of Request: Extension of a currently approved collection.
Description: TD 8936 contains final regulations concerning an
exclusion from gross income for a contribution in aid of construction
under section 118(c) that is treated as a contribution to capital under
section 118(a). The final regulations affect a regulated public utility
that provides water or sewerage services because a qualifying
contribution in aid of construction is treated as a contribution to the
capital of the utility and excluded from gross income. The final
regulations provide guidance on the definition of a contribution in aid
of construction, the adjusted basis of any property acquired with a
contribution in aid of construction, the information relating to a
contribution in aid of construction required to be furnished by the
utility, and the time and manner for providing that information to the
IRS.
Regulation Project Number: TD 8936.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 300.
Frequency of Response: On Occasion.
Estimated Time per Response: 60 minutes.
Estimated Total Annual Burden Hours: 300.
(Authority: 44 U.S.C. 3501 et seq.)
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2025-23740 Filed 12-22-25; 8:45 am]
BILLING CODE 4830-01-P
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