Proposed Collection; Comment Request for Form 990-N, 12262-12263 [E7-4699]
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12262
Federal Register / Vol. 72, No. 50 / Thursday, March 15, 2007 / Notices
Treasury, Room 11000, 1750
Pennsylvania Avenue, NW.,
Washington, DC 20220.
Dates: Written comments should be
received on or before April 16, 2007 to
be assured of consideration.
rmajette on PROD1PC67 with NOTICES
Internal Revenue Service (IRS)
OMB Number: 1545–1865.
Type of Review: Extension.
Title: Notice 2003–75, Registered
Retirement Savings Plans (RRSP) and
Registered Income Funds (RRIF)
Information Reporting.
Description: This notice announces an
alternative, simplified reporting regime
for the owners of certain Canadian
Individual retirement plans that have
been subject to reporting on Forms 3520
and 3520–A, and it describes the
interim reporting rules that taxpayers
must follow until a new form is
available.
Respondents: Individuals or
households.
Estimated Total Burden Hours:
1,500,000 hours.
OMB Number: 1545–1555.
Type of Review: Extension.
Title: REG–115795–97 (Final) General
Rules for Making and Maintaining
Qualified Electing Fund Elections.
Description: The regulations provide
rules for making section 1295 elections
and satisfying annual reporting
requirements for such elections,
revoking section 1295 elections, and
making retroactive section 1295
elections.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours: 623
hours.
OMB Number: 1545–1868.
Type of Review: Extension.
Title: REG–116664–01 (NPRM and
Temporary) Guidance To Facilitate
Business Electronic Filing.
Description: These regulations remove
certain impediments to the electronic
filing of business tax returns and other
forms. The regulations reduce the
number of instances in which taxpayers
must attach supporting documents to
their tax returns. The regulations also
expand slightly the required content of
a statement certain taxpayers must
submit with their returns to justify
deductions for charitable contributions.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours:
250,000 hours.
OMB Number: 1545–0145.
Type of Review: Extension.
Title: Notice to Shareholder of
Undistributed Long-Term Capital Gains.
Form: 2439.
VerDate Aug<31>2005
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Description: Form 2439 is sent by
regulated investment companies and
real estate investment trusts to report
undistributed capital gains and the
amount of tax paid on these gains
designated under IRC section
852(b)(3)(D) or 857(b)(3)(D). The
company, the trust, and the shareholder
file copies of Form 2439 with IRS. IRS
uses the information to check
shareholder compliance.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours: 29,995
hours.
OMB Number: 1545–1379.
Type of Review: Extension.
Title: Excise Taxes on Excess
Inclusions of REMIC Residual Interests.
Form: 8831.
Description: Form 8831 is used by a
real estate mortgage investment conduit
(REMIC) to figure its excise tax liability
under Code sections 860E(e)(1),
860E(e)(6), and 860E(e)(7). IRS uses the
information to determine the correct tax
liability of the REMIC.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 237
hours.
OMB Number: 1545–0045.
Type of Review: Extension.
Title: Claim for Deficiency Dividends
Deductions by a Personal Holding
Company, Regulated Investment
Company, or Real Estate Investment
Trust.
Form: 976.
Description: Form 976 is filed by
corporations that wish to claim a
deficiency dividend deduction. The
deduction allows the corporation to
eliminate all or a portion of a tax
deficiency. The IRS uses Form 976 to
determine if shareholders have included
amounts in gross income.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours: 3,830
hours.
OMB Number: 1545–1813.
Type of Review: Extension.
Title: Health Coverage Tax Credit
(HCTC) Advance Payments.
Form: 1099–H.
Description: Form 1099–H is used to
report advance payments of health
insurance premiums to qualified
recipients for their use in computing the
allowable health insurance credit on
Form 8885.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours: 33,000
hours.
OMB Number: 1545–0044.
Type of Review: Extension.
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Title: Corporation Claim for
Deduction for Consent Dividends.
Form: 973.
Description: Corporations file Form
973 to claim a deduction for dividends
paid. If shareholders consent and IRS
approves, the corporation may claim a
deduction for dividends paid, which
reduces the corporation’s tax liability.
IRS uses Form 973 to determine if
shareholders have included the
dividend in gross income.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 2,210
hours.
OMB Number: 1545–0755.
Type of Review: Extension.
Title: LR–58–83 (Final) Related Group
Election With Respect to Qualified
Investments in Foreign Base Company
Shipping Operations.
Description: The election described in
the attached justification converted an
annual election to an election effective
until revoked. The computational
information required is necessary to
assure that the U.S. shareholder
correctly reports any shipping income of
its controlled foreign corporations
which is taxable to that shareholder.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 205
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. E7–4781 Filed 3–14–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 990–N
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: 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
E:\FR\FM\15MRN1.SGM
15MRN1
rmajette on PROD1PC67 with NOTICES
Federal Register / Vol. 72, No. 50 / Thursday, March 15, 2007 / Notices
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
990–N, Electronic Notice (e-Postcard)
for Tax-Exempt Organizations Not
Required To File Form 990 or 990–EZ.
DATES: Written comments should be
received on or before May 14, 2007 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the forms and instructions
should be directed to Allan Hopkins,
(202) 622–6665, or at Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION: Title:
Electronic Notice (e-Postcard) for TaxExempt Organizations Not Required To
File Form 990 or 990–EZ.
OMB Number: 1545–XXXX.
Form Number: 990–N.
Abstract: Section 1223 of the Pension
Protection Act of 2006 (PPA ’06),
enacted on August 17, 2006, amended
Internal Revenue Code (Code) section
6033 by adding Code section 6033(i),
which requires certain tax-exempt
organizations to file an annual
electronic notice (Form 990–N) for tax
years beginning after December 31,
2006. These organizations are not
required to file Form 990 (or Form 990–
EZ) because their gross receipts are
normally $25,000 or less.
Current Actions: This is a new form.
Type of Review: New collection.
Affected Public: Not-for-profit
institutions.
Estimated Number of Respondents:
520,000.
Estimated Time Per Respondent: 15
min.
Estimated Total Annual Burden
Hours: 130,000.
The following paragraph applies to all
of 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 as long
as 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.
VerDate Aug<31>2005
14:20 Mar 14, 2007
Jkt 211001
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 7, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–4699 Filed 3–14–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Notice 2006–109
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: 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,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Notice
2006–109, Interim Guidance Regarding
Supporting Organizations and Donor
Advised Funds.
DATES: Written comments should be
received on or before May 14, 2007 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. Kirkland, Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of notice should be directed to
PO 00000
Frm 00100
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12263
Allan Hopkins, at (202) 622–6665, or at
Internal Revenue Service, room 6516,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
Internet, at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION: Title:
Interim Guidance Regarding Supporting
Organizations and Donor Advised
Funds.
OMB Number: 1545–2050.
Notice Number: Notice 2006–109.
Abstract: This notice provides private
foundation with options in collecting
information to assist in determining
whether grants to certain supporting
organizations are qualifying
distributions and are not taxable
expenditures. Collecting such
information will provide private
foundations with relief from the new
excise taxes imposed under amended
sections 4942 and 4945 of the Code. It
also provides relief from excise taxes
imposed under new section 4966 of the
Code. A sponsoring organization of
certain donor advised funds will not be
subject to the new taxes for distributions
from employer-sponsored disaster relief
funds or for distributions of certain
educational grants if the organization
collects and maintains the required
documentation. The Notice clarifies that
existing documentation requirements
for employer-sponsored relief programs
and educational grants apply to these
funds.
Current Actions: There are no changes
being made to the notice at this time.
This is a new notice
Type of Review: Approval of new
collection.
Affected Public: Not-for-profit
institutions.
Estimated Number of Respondents:
65,000.
Estimated Average Time Per
Respondent: 9 hours, 25 minutes.
Estimated Total Annual Burden
Hours: 612,294.
The following paragraph applies to all
of 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 as long
as 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
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]]>Agencies
[Federal Register Volume 72, Number 50 (Thursday, March 15, 2007)]
[Notices]
[Pages 12262-12263]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-4699]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 990-N
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: 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
[[Page 12263]]
collections, as required by the Paperwork Reduction Act of 1995, Public
Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting
comments concerning Form 990-N, Electronic Notice (e-Postcard) for Tax-
Exempt Organizations Not Required To File Form 990 or 990-EZ.
DATES: Written comments should be received on or before May 14, 2007 to
be assured of consideration.
ADDRESSES: Direct all written comments to Glenn Kirkland, Internal
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the forms and instructions should be directed to Allan
Hopkins, (202) 622-6665, or at Internal Revenue Service, Room 6516,
1111 Constitution Avenue, NW., Washington, DC 20224, or through the
Internet, at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION: Title: Electronic Notice (e-Postcard) for
Tax-Exempt Organizations Not Required To File Form 990 or 990-EZ.
OMB Number: 1545-XXXX.
Form Number: 990-N.
Abstract: Section 1223 of the Pension Protection Act of 2006 (PPA
'06), enacted on August 17, 2006, amended Internal Revenue Code (Code)
section 6033 by adding Code section 6033(i), which requires certain
tax-exempt organizations to file an annual electronic notice (Form 990-
N) for tax years beginning after December 31, 2006. These organizations
are not required to file Form 990 (or Form 990-EZ) because their gross
receipts are normally $25,000 or less.
Current Actions: This is a new form.
Type of Review: New collection.
Affected Public: Not-for-profit institutions.
Estimated Number of Respondents: 520,000.
Estimated Time Per Respondent: 15 min.
Estimated Total Annual Burden Hours: 130,000.
The following paragraph applies to all of 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 as long as
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 7, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-4699 Filed 3-14-07; 8:45 am]
BILLING CODE 4830-01-P
