Submission for OMB Review; Comment Request, 18409-18410 [E6-5230]
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wwhite on PROD1PC61 with NOTICES
Federal Register / Vol. 71, No. 69 / Tuesday, April 11, 2006 / Notices
applications and negotiate agreements,
and to verify compliance with
agreements and whether agreements
require modification.
Respondents: Business or other forprofit.
Estimated Total Burden Hours: 8,200
hours.
OMB Number: 1545–1531.
Type of Review: Extension.
Title: Notice 97–19 and Notice 98–34
Guidance for Expatriates Under Sections
877, 2501, 2107, and 6039F.
Description: Notice 97–19 and Notice
98–34 provide guidance for individuals
affected by amendments to Code
sections 877, 2107, and 2501, as
amended by the Health Insurance
Portability and Accountability Act.
These notices also provide guidance on
Code section 6039F.
Respondents: Individuals or
households.
Estimated Total Burden Hours: 6,525
hours.
OMB Number: 1545–1676.
Type of Review: Extension.
Title: REG–113572–99 (Final)
Qualified Transportation Fringe
Benefits.
Description: These regulations
provide guidance to employers that
provide qualified transportation fringe
benefits under section 132(f), including
guidance to employers that provide cash
reimbursement for qualified
transportation fringes and employers
that offer qualified transportation
fringes in lieu of compensation.
Employers that provide cash
reimbursement are required to keep
records of documentation received from
employees who receive reimbursement.
Employers that offer qualified
transportation fringes in lieu of
compensation are required to keep
records of employee compensation
reduction elections.
Respondents: Individuals or
households; Business or other for-profit;
Not-for-profit institutions; Federal
Government; State, local or tribal
government.
Estimated Total Burden Hours:
12,968,728 hours.
OMB Number: 1545–1804.
Type of Review: Extension.
Title: New Markets Credit.
Form: IRS-Form 8874.
Description: Investors use Form 8874
to request a credit for equity
investments in Community
development entities.
Respondents: Individuals or
households, Business or other for-profit.
Estimated Total Burden Hours: 58,395
hours.
OMB Number: 1545–1822.
VerDate Aug<31>2005
19:37 Apr 10, 2006
Jkt 208001
Type of Review: Extension.
Title: Revenue Procedure 2003–11,
Offshore Voluntary Compliance
Initiative.
Description: Revenue Procedure
2003–11 describes the Offshore
Voluntary Compliance Initiative, which
is directed at taxpayers that have underreported their tax liability through
financial arrangements outside the
United States that rely on the use of
credit, debit, or charge cards (offshore
credit cards) or foreign banks, financial
institutions, corporations, partnerships,
trusts, or other entities (offshore
financial arrangements). Taxpayers that
participate in the initiative and provide
the information and material that their
participation requires can avoid certain
penalties.
Respondents: Individuals or
households; Business or other for-profit;
Not-for-profit institutions.
Estimated Total Burden Hours:
100,000 hours.
Clearance Officer: Glenn P. Kirkland,
Internal Revenue Service, Room 6516,
1111 Constitution Avenue, NW.,
Washington, DC 20224, (202) 622–3428.
OMB Reviewer: Alexander T. Hunt,
Office of Management and Budget,
Room 10235, New Executive Office
Building, Washington, DC 20503, (202)
395–7316.
Michael A. Robinson,
Treasury PRA Clearance Officer.
[FR Doc. E6–5228 Filed 4–10–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
April 5, 2006
The Department of the 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 May 11, 2006 to be assured
of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–0064.
PO 00000
Frm 00142
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18409
Type of Review: Extension.
Title: Application for Exemption from
Social Security and Medicare Taxes and
Waiver of Benefits.
Form: IRS Form 4029.
Description: Form 4029 is used by
members of recognized religious groups
to apply for exemption from social
security and Medicare taxes under IRC
sections 1402(g) and 3127. The
information is used to approve or deny
exemption from social security and
Medicare taxes.
Respondents: Individuals or
households.
Estimated Total Burden Hours: 3,154
hours.
OMB Number: 1545–0817.
Type of Review: Extension.
Title: EE–28–78 (Final) Inspection of
Applications for Tax Exemption and
Applications for Determination Letters
for Pension and Other Plans
Description: Internal Revenue Code
section 6104 requires applications for
tax exempt status, annual reports of
private foundations, and certain
portions of returns to be open for public
inspection. Some information may be
withheld from disclosure. IRS needs the
information to comply with requests for
public inspection of the above-named
documents.
Respondents: Individuals or
households; Business or other for-profit;
Not-for-profit institutions.
Estimated Total Burden Hours: 8,538
hours.
OMB Number: 1545–1254.
Type of Review: Extension.
Title: Conclusive Presumption of
Worthlessness of Debts Held by Banks
(FI–34–91) (Final).
Description: Paragraph (d)(3) of
section 1.166–2 of the regulations
allows banks and thrifts to elect to
conform their tax accounting for bad
debts with their regulatory accounting.
An election, or revocation thereof, is a
change in method of accounting. The
collection of information required in
section I.166–2(d)(3) is necessary to
monitor the elections.
Respondents: Business or other forprofit.
Estimated Total Burden Hours: 50
hours.
OMB Number: 1545–1809.
Type of Review: Extension.
Title: Credit for Employer—Provided
Child Care Facilities and Services.
Form: IRS Form 8882.
Description: Qualified employers use
Form 8882 to request a credit for
employer-provided child care facilities
and services. Section 45F provides
credit based on costs incurred by an
employer in providing childcare
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18410
Federal Register / Vol. 71, No. 69 / Tuesday, April 11, 2006 / Notices
facilities and resource and referral
services. The credit is 25% of the
qualified childcare expenditures plus
10% of the qualified childcare resource
and referral expenditures for the tax
year, up to a maximum credit of
$150,000 per tax year.
Respondents: Individuals or
households; Business or other for-profit.
Estimated Total Burden Hours:
5,486,662 hours.
OMB Number: 1545–1985.
Type of Review: Extension.
Title: Interview and Intake Sheet.
Form: IRS Form 13614 SP.
Description: This Spanish version of
Form 13614 is used by screeners,
preparers, or others involved in the
return preparation process to more
accurately complete tax returns of
Spanish speaking taxpayers having low
to moderate incomes. These persons
need assistance having their returns
prepared so they can fully comply with
the law.
Respondents: Individuals or
households; Business or other for-profit;
Not-for-profit institutions; Federal
Government.
Estimated Total Burden Hours: 17,108
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. E6–5230 Filed 4–10–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Renewal of Charter for the Electronic
Tax Administration Advisory
Committee (ETAAC)
AGENCY:
Internal Revenue Service (IRS),
DOT.
wwhite on PROD1PC61 with NOTICES
ACTION:
Notice.
SUMMARY: The charter for the Electronic
Tax Administration Advisory
Committee (ETAAC) was renewed on
March 22, 2006, for an additional twoyear period in accordance with the
Federal Advisory Committee Act, as
amended, (5 U.S.C., App.). The renewal
charter was filed on March 22, 2006,
with the Committee on Finance of the
United States Senate, the Committee on
Ways and Means of the U.S. House of
VerDate Aug<31>2005
19:37 Apr 10, 2006
Jkt 208001
Representatives, and the Library of
Congress.
You may request a copy of
the charter by contacting Kim Logan at
etaac@irs.gov, by telephone at (202)
283–1947; or by FAX at (202) 283–4829.
DEPARTMENT OF THE TREASURY
Internal Revenue Service
ADDRESESS:
Kim
Logan, (202) 283–1947 (not a toll-free
number) or send an e-mail to
etaac@irs.gov.
FOR FURTHER INFORMATION CONTACT:
This
notice is published in accordance with
the provisions of the Federal Advisory
Committee Act, as amended, (5 U.S.C.,
App.) advices of the renewal of the
Electronic Tax Administration Advisory
Committee (ETAAC). The primary
purpose of ETAAC is to provide an
organized public forum for discussion of
electronic tax administration issues in
support of the overriding goal that
paperless filing should be the preferred
and most convenient method of filing
tax and information returns. The
ETAAC members convey the public’s
observations about current or proposed
policies, programs, and procedures, and
suggest improvements. The ETAAC also
provides an annual report to Congress
on IRS progress in meeting the
Restructuring and Reform Act of 1998
goals for electronic filing of tax returns.
This activity is based on the authority
to administer the Internal Revenue laws
conferred upon the Secretary of the
Treasury by section 7802 of the Internal
Revenue Code and delegated to the
Commissioner of the Internal Revenue.
ETAAC membership is balanced and
includes representatives from various
groups such as: (1) Tax practitioners and
preparers, (2) transmitters of electronic
returns, (3) tax software developers, (4)
large and small businesses, (5)
employers and payroll service
providers, (6) individual taxpayers, (7)
financial industry (payers, payment
options and best practices), (8) system
integrators (technology providers), (9)
academic (marketing, sales or technical
perspectives), (10) trusts and estates,
(11) tax exempt organizations, and (12)
state and local governments.
SUPPLEMENTARY INFORMATION:
Dated: April 3, 2006.
Kim McDonald,
Acting Director, Strategic Services Division.
[FR Doc. E6–5234 Filed 4–10–06; 8:45 am]
Internal Revenue Service (IRS),
Treasury.
AGENCY:
ACTION:
Notice.
SUMMARY: Publication of the inflation
adjustment factor, nonconventional
source fuel credit, and reference price
for calendar year 2005 as required by
section 29 of the Internal Revenue Code
(26 U.S.C. 29). The inflation adjustment
factor, nonconventional source fuel
credit, and reference price are used in
determining the tax credit allowable on
the sale of fuel from nonconventional
sources under section 29 during
calendar year 2005.
The 2005 inflation adjustment
factor, nonconventional source fuel
credit, and reference price apply to
qualified fuels sold during calendar year
2005.
Inflation Adjustment Factor: The
inflation adjustment factor for calendar
year 2005 is 2.2640.
Credit: The nonconventional source
fuel credit for calendar year 2005 is
$6.79 per barrel-of-oil equivalent of
qualified fuels.
Reference Price: The reference price
for calendar year 2005 is $50.26.
Because this reference price does not
exceed $23.50 multiplied by the
inflation adjustment factor, the phaseout
of the credit provided for in section
29(b)(1) does not occur for any qualified
fuels sold during calendar year 2005.
DATES:
For
questions about how the inflation
adjustment factor is calculated—WuLang Lee, RAS:R:TSBR, Internal
Revenue Service, 1111 Constitution
Avenue, NW., Washington, DC 20224;
Telephone Number (202) 874–0531 (not
a toll-free number).
For all other questions about the
credit or the reference price—Jaime C.
Park, CC:PSI:7, Internal Revenue Service
1111 Constitution Avenue, NW.,
Washington, DC 20224; Telephone
Number (202) 622–3120 (not a toll-free
number).
FOR FURTHER INFORMATION CONTACT:
Dated: April 4, 2006.
Heather C. Maloy,
Associate Chief Counsel (Passthroughs and
Special Industries).
[FR Doc. E6–5232 Filed 4–10–06; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Publication of Inflation Adjustment
Factor, Nonconventional Source Fuel
Credit, and Reference Price for
Calendar Year 2005
BILLING CODE 4830–01–P
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[Federal Register Volume 71, Number 69 (Tuesday, April 11, 2006)]
[Notices]
[Pages 18409-18410]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-5230]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
April 5, 2006
The Department of the 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 May 11, 2006 to be
assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0064.
Type of Review: Extension.
Title: Application for Exemption from Social Security and Medicare
Taxes and Waiver of Benefits.
Form: IRS Form 4029.
Description: Form 4029 is used by members of recognized religious
groups to apply for exemption from social security and Medicare taxes
under IRC sections 1402(g) and 3127. The information is used to approve
or deny exemption from social security and Medicare taxes.
Respondents: Individuals or households.
Estimated Total Burden Hours: 3,154 hours.
OMB Number: 1545-0817.
Type of Review: Extension.
Title: EE-28-78 (Final) Inspection of Applications for Tax
Exemption and Applications for Determination Letters for Pension and
Other Plans
Description: Internal Revenue Code section 6104 requires
applications for tax exempt status, annual reports of private
foundations, and certain portions of returns to be open for public
inspection. Some information may be withheld from disclosure. IRS needs
the information to comply with requests for public inspection of the
above-named documents.
Respondents: Individuals or households; Business or other for-
profit; Not-for-profit institutions.
Estimated Total Burden Hours: 8,538 hours.
OMB Number: 1545-1254.
Type of Review: Extension.
Title: Conclusive Presumption of Worthlessness of Debts Held by
Banks (FI-34-91) (Final).
Description: Paragraph (d)(3) of section 1.166-2 of the regulations
allows banks and thrifts to elect to conform their tax accounting for
bad debts with their regulatory accounting. An election, or revocation
thereof, is a change in method of accounting. The collection of
information required in section I.166-2(d)(3) is necessary to monitor
the elections.
Respondents: Business or other for-profit.
Estimated Total Burden Hours: 50 hours.
OMB Number: 1545-1809.
Type of Review: Extension.
Title: Credit for Employer--Provided Child Care Facilities and
Services.
Form: IRS Form 8882.
Description: Qualified employers use Form 8882 to request a credit
for employer-provided child care facilities and services. Section 45F
provides credit based on costs incurred by an employer in providing
childcare
[[Page 18410]]
facilities and resource and referral services. The credit is 25% of the
qualified childcare expenditures plus 10% of the qualified childcare
resource and referral expenditures for the tax year, up to a maximum
credit of $150,000 per tax year.
Respondents: Individuals or households; Business or other for-
profit.
Estimated Total Burden Hours: 5,486,662 hours.
OMB Number: 1545-1985.
Type of Review: Extension.
Title: Interview and Intake Sheet.
Form: IRS Form 13614 SP.
Description: This Spanish version of Form 13614 is used by
screeners, preparers, or others involved in the return preparation
process to more accurately complete tax returns of Spanish speaking
taxpayers having low to moderate incomes. These persons need assistance
having their returns prepared so they can fully comply with the law.
Respondents: Individuals or households; Business or other for-
profit; Not-for-profit institutions; Federal Government.
Estimated Total Burden Hours: 17,108 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. E6-5230 Filed 4-10-06; 8:45 am]
BILLING CODE 4830-01-P
