Submission for OMB Review; Comment Request, 36392-36393 [E6-10012]

Agencies

• DEPARTMENT OF THE TREASURY
• Department of Treasury

[Federal Register Volume 71, Number 122 (Monday, June 26, 2006)]
[Notices]
[Pages 36392-36393]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-10012]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

June 19, 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 July 26, 
2006 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1981.
    Type of Review: Extension.
    Title: Alternative Fuel Vehicle Refueling Property Credit.
    Form: Form 8911.
    Description: Internal Revenue Code 30C allows a credit for 
alternative fuel vehicle refueling property. Form 8911, Alternative 
Fuel Refueling Property Credit, will be used by taxpayers to claim the 
credit.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 2,112 hours.

    OMB Number: 1545-1989.
    Type of Review: Extension.
    Title: Notice 2006-26 Credit for Nonbusiness Energy Property.
    Description: This notice of interim guidance relates to the 
procedures by which a manufacturer can certify that building envelope 
components or energy property qualify for the 25C credit. This notice 
is intended to provide (1) guidance concerning the methods by which 
manufacturers can provide such certifications to taxpayers and (2) 
guidance concerning the methods by which taxpayers can claim such 
credits.
    Respondents: Individuals or households; Business or other for-
profit.
    Estimated Total Burden Hours: 350 hours.

    OMB Number: 1545-1993.
    Type of Review: Extension.
    Title: Notice 2006-30 Alternative Fuel Motor Vehicle Credit.
    Description: This notice sets forth a process that allows taxpayers 
who purchase alternative fuel motor vehicles to rely on the domestic 
manufacturer's (or, in the case of a foreign manufacturer, its domestic 
distributor's) certification that both a particular make, model, and 
year of vehicle qualifies as an alternative fuel motor vehicle under 
30B(a)(4) of the Internal Revenue Code and the amount of credit 
allowable with respect to the vehicle.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 600 hours.

    OMB Number: 1545-1260.
    Type of Review: Extension.
    Title: Final Regulations under Section 382 of the Internal Revenue 
Code of 1986; Limitations of Corporate Net Operating Loss 
Carryforwards.
    Description: The reporting requirement concerns the election a 
taxpayer may make to treat as the change date the effective date of a 
plan of reorganization in a Title II or similar case rather than the 
confirmation date of the plan.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 1 hour.

    OMB Number: 1545-1426.
    Type of Review: Extension.
    Title: INTL-21-91 (Temporary and Final) Section 6662--Imposition of 
the Accuracy-Related Penalty.
    Description: These regulations provide guidance about substantial 
and gross valuation misstatements as defined in sections 6662(e) and 
6662(b). They also provide guidance about the reasonable cause and good 
faith exclusion. These regulations apply to taxpayers who have 
transactions between persons described in Section 482 and net Section 
482 transfer price adjustments.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 20,125 hours.

    OMB Number: 1545-1131.
    Type of Review: Extension.

[[Page 36393]]

    Title: INTL-485-89 (Final) Taxation or Gain or Loss from Certain 
Nonfunctional Currency Transactions (Sections 998 Transactions).
    Description: Sections 988(c)(1)(D) and (E) require taxpayers to 
make certain elections which determine whether section 988 applies. In 
addition, Sections 988(a)(1)(B) and 988(d) require taxpayers to 
identify transactions which generate capital gain or loss which are 
hedges of other transactions.
    Respondents: Individuals or households; Business or other for-
profit.
    Estimated Total Burden Hours: 3,333 hours.

    OMB Number: 1545-1683.
    Type of Review: Extension.
    Title: Notice Concerning Fiduciary Relationship.
    Form: Form 56-A.
    Description: The data collected on the form provides trustees of 
Illinois Land Trusts a convenient method of reporting information 
related to creating, changing, and closing such trusts.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 22,000 hours.

    OMB Number: 1545-0495.
    Type of Review: Extension.
    Title: Request for Public Inspection or Copy of Exempt or Political 
Organization IRS Form.
    Form: Form 4506-A.
    Description: Internal Revenue Code section 6104 states that if an 
organization described in section 501(c) or (d) is exempt from taxation 
under section 501(a) for any taxable year, the application for 
exemption is open for public inspection. This includes all supporting 
documents, any letter or other documents issued by the IRS concerning 
the application, and certain annual returns of the organization. Form 
4506-A is used to request public inspection or a copy of these 
documents.
    Respondents: Businesses or other for-profit institutions, 
individuals or households, not-for-profit institutions, farms, the 
Federal government, and state, local, or tribal governments.
    Estimated Total Burden Hours: 18,000 hours.

    OMB Number: 1545-0902.
    Type of Review: Revision.
    Title: Form 8288, U.S. Withholding Tax Return for Disposition by 
Foreign Persons of U.S. Real Property Interests: Form 8288-A, Statement 
of Withholding on Dispositions by Foreign Persons of U.S. Real Property 
Interests.
    Form: Form 8288 and 8288-A.
    Description: Form 8288 is used by the withholding agent to report 
and transmit the withholding to IRS. Form 8288-A is used to validate 
the withholding and to return a copy of the transferor for his/her use 
in filing a tax return.
    Respondents: Businesses or other for-profit institutions, 
individuals or households.
    Estimated Total Burden Hours: 241,675 hours.

    OMB Number: 1545-1684.
    Type of Review: Extension.
    Title: Revenue Procedure 2005-12, Pre-Filing Agreements Program 
(2001-22 superseded by 2005-12).
    Description: Revenue Procedure 2001-22 describes a program under 
which certain large business taxpayers may request examination and 
resolution of specific issues relating to tax returns. The resolution 
of such issues under the program will be memorialized by a type of 
closing agreement under code section 7121 called a pre-filing 
agreement.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 49,215 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.

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E6-10012 Filed 6-23-06; 8:45 am]
BILLING CODE 4830-01-P