Submission for OMB Review; Comment Request, 51860 [05-17258]

Agencies

• DEPARTMENT OF THE TREASURY
• Department of Treasury

[Federal Register Volume 70, Number 168 (Wednesday, August 31, 2005)]
[Notices]
[Page 51860]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-17258]



[[Page 51860]]

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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 24, 2005.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
11000, 1750 Pennsylvania Avenue, NW. Washington, DC 20220.

DATES: Written comments should be received on or before September 30, 
2005 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0091.
    Form Number: IRS Form 1040X.
    Type of Review: Extension.
    Title: Amended U.S. Individual Income Tax Return.
    Description: Form 1040X is used by individuals to amend an original 
tax return to claim a refund of income taxes, pay additional income 
taxes, or designate $3.00 to the Presidential Election Campaign Fund. 
The information is needed to help verify that the individual has 
correctly figured his or her income tax.
    Respondents: Business and other for-profit, Individuals or 
households and Farms.
    Estimated Total Burden Hours: 10,340,468 hours.

    OMB Number: 1545-0714.
    Form Number: IRS Form 8027 and 8027T.
    Type of Review: Extension.
    Title: Employers Annual Information Return of Tip Income and 
Allocated Tips (Form 8027); Transmittal of Employer's Annual 
Information Return to Tip Income and Allocated Tips (Form 8027-T).
    Description: To help IRS in its examinations of returns filed by 
tipped employees, large food or beverage establishments are required to 
report annually information concerning food or beverage operations 
receipts, tips, reported by employees, and in certain cases, the 
employer must allocate tips to certain employees.
    Respondents: Individuals or Households, Business or other-for-
profit, Not-for-profit institutions and State, Local or Tribal.
    Estimated Total Burden Hours: 488,161 hours.

    OMB Number: 1545-0939.
    Form Number: IRS Form 8404.
    Type of Review: Extension.
    Title: Interest Charge on DISC-Related Deferred Tax Liability.
    Description: Shareholders of Interest Charge Domestic International 
Sales Corporations (IC-DISCs) use Form 8404 to figure and report an 
interest charge on their DISC-related deferred tax liability. The 
interest charge is required by Internal Revenue Code Section 995(f). 
IRS uses Form 8404 to determine whether the shareholder has correctly 
figured and paid the interest charge on a timely basis.
    Respondents: Business or other for profit and Individuals or 
households.
    Estimated Total Burden Hours: 17,600 hours.

    OMB Number: 1545-1073.
    Form Number: IRS Form 8801.
    Type of Review: Extension.
    Title: Credit for Prior Year Minimum Tax-Individuals, Estates and 
Trusts.
    Description: Form 8801 is used by individuals, estates, and trusts 
to compute the minimum tax credit, if any, available from a tax year 
beginning after 1986 to be used in the current year or to be carried 
forward for use in a future year.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 258,036 hours.

    OMB Number: 1545-1632.
    Type of Review: Extension.
    Title: Reg-118662-98 (Final) New Technologies in Retirement Plans.
    Description: These regulations provide that certain notices and 
consents required in connection with distributions from retirement 
plans may be transmitted through electronic media. The regulations also 
modify the timing requirements for provision of certain distribution 
related notices.
    Respondents: Individuals or households, Business or other for-
profit, Not-for-profit institutions and State, Local or Tribal 
Government.
    Estimated Total Burden Hours: 477,563 hours.

    OMB Number: 1545-1675.
    Type of Review: Extension.
    Title: REG-122450-98(Final) Real Estate Mortgage Investment 
Conduits; REG-100276-97; REG-122450-98 (NPRM) Financial Asset 
Securitization Investment Trusts; Real Estate Mortgage Investment 
Conduits.
    Description: REG-122450-98 Sections 1.860E-1(C)(4)-(10) of the 
Treasury Regulations provide circumstances under which a transferor of 
a noneconomic residual interest in a Real Estate Mortgage Investment 
Conduit (REMIC) meeting the investigation and two representation 
requirements may avail itself of the safe harbor by satisfying either 
the formula test or asset test. REG-100276-97; REG-122450-98. This 
regulation provides start-up and transitional rules applicable to 
financial asset securitization investment trust.
    Respondents: Business or other-for-profit.
    Estimated Total Burden Hours: 1,220 hours.

    OMB Number: 1545-1796.
    Type of Review: Extension.
    Title: REG-106879-00 (Final) Consolidated Loss Recapture Events.
    Description: This document contains final regulations under section 
1503(d) regarding the events that require the recapture of dual 
consolidated losses. These regulations are issued to facilitate 
compliance by taxpayers with the dual consolidated loss provisions. The 
regulations generally provide that certain events will not trigger 
recapture of a dual consolidated loss or payment of the associated 
interest charge. The regulations provide for the filing of certain 
agreements in such cases. This document also makes clarifying and 
conforming changes to the current regulations.
    Respondents: Business or other-for-profit.
    Estimated Total Burden Hours: 60 hours.

    Clearance Officer: Glenn P. Kirkland, (202) 622-3428. Internal 
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.
    OMB Reviewer: Alexander T. Hunt, (202) 395-7316. Office of 
Management and Budget, Room 10235, New Executive Office Building, 
Washington, DC 20503.

Michael A. Robinson,
Treasury PRA Clearance Officer.
[FR Doc. 05-17258 Filed 8-30-05; 8:45 am]
BILLING CODE 4830-01-P