Submission for OMB Review; Comment Request, 39663-39664 [E7-13967]
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Federal Register / Vol. 72, No. 138 / Thursday, July 19, 2007 / Notices
the Federal Information Relay Service
(FIRS) at 1–800–877–8339.]
SUPPLEMENTARY INFORMATION:
Additional information is contained in
the Board’s decision. To purchase a
copy of the full decision, write to, email, or call: ASAP Document
Solutions, 9332 Annapolis Rd., Suite
103, Lanham, MD 20706; e-mail:
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306–4004. [Assistance for the hearing
impaired is available through FIRS at 1–
800–877–8339].
Board decisions and notices are
available on our Web site at: https://
www.stb.dot.gov.
Decided: July 13, 2007.
By the Board, Chairman Nottingham, Vice
Chairman Buttrey, and Commissioner
Mulvey.
Vernon A. Williams,
Secretary.
[FR Doc. E7–13999 Filed 7–18–07; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
July 12, 2007.
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 August 20, 2007
to be assured of consideration.
cprice-sewell on PROD1PC66 with NOTICES
Internal Revenue Service (IRS)
OMB Number: 1545–1056.
Type of Review: Revision.
Title: REG–209020–86 (formerly
INTL–61–86) NPRM & Temporary
Foreign Tax Credit; Notification and
Adjustment Due to Foreign Tax
Redeterminations
Description: Section 905(c) requires
that a taxpayer notify the Internal
Revenue Service of a change in the
taxpayer’s foreign income tax liability
that may affect its foreign tax credit.
New 1.905–4T provides rules
concerning the time, manner, and
contents of such notification. Should
VerDate Aug<31>2005
15:31 Jul 18, 2007
Jkt 211001
the taxpayer fail to notify the IRS,
penalties under section 6689 may be
imposed. Respondents are U.S.
taxpayers that claim a foreign tax credit
under section 901, 902, or 960.
Respondents: Individuals or
Households.
Estimated Total Burden Hours: 54,000
hours.
OMB Number: 1545–0757.
Type of Review: Extension.
Title: LR–209–76 (Final) Special Lien
for Estate Taxes Deferred Under Section
6166 or 6166A.
Description: Section 632A permits the
executor of a decedent’s estate to elect
a lien on section 6166 property in favor
of the United States in lieu of a bond or
personal liability if an election under
section 6166 was made and the executor
files an agreement under section
6323A(c).
Respondents: Individuals or
households.
Estimated Total Burden Hours: 8,650
hours.
OMB Number: 1545–0026.
Type of Review: Extension.
Title: Return by a U.S. Transferor of
Property to a Foreign Corporation.
Form: 926.
Description: U.S. persons file Form
926 to report the transfer of property to
a foreign corporation and to report
information required by section 367.
The IRS uses Form 926 to determine if
the gain, if any, must be recognized by
the U.S. person.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 9,419
hours.
OMB Number: 1545–0490.
Type of Review: Revision.
Title: (1) Application for Reward for
Original Information; (2) Solicitud de
Recompensa por Informacion Original
(Spanish Version).
Form: 211/211 (SP).
Description: Forms 211/211 (SP) are
the official application forms used by
persons requesting rewards for
submitting information concerning
alleged violations of the tax laws by
other persons. Such rewards are
authorized by IRC 7623. The data is
used to determine and pay rewards to
those persons who voluntarily submit
information.
Respondents: Individuals and
households.
Estimated Total Burden Hours: 2,800
hours.
OMB Number: 1545–1156.
Type of Review: Extension.
Title: Records (26 CFR 1.6001–1).
Description: Internal Revenue Code
section 6001 requires, in part, that every
PO 00000
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Fmt 4703
Sfmt 4703
39663
person liable for tax, or for the
collection of that tax, keep such records
and comply with such rules and
regulations as the Secretary may from
time to time prescribe. These records are
needed to ensure proper compliance
with the Code.
Respondents: Individuals and
households.
Estimated Total Burden Hours: 1
hours.
OMB Number: 1545–2057.
Type of Review: Extension.
Title: Form 13614–T, Telephone
Excise Tax Refund.
Form: 13614–T.
Description: Form 13614–T, is part of
a series of forms related to the Form
13614. The Form 13614–T will be used
as the Intake Sheet for individuals who
potentially qualify to file a Form
1040EZ–T, Request for Refund of
Federal Telephone Excise Tax, to
receive their refund.
Respondents: Individuals and
households.
Estimated Total Burden Hours: 81,917
hours.
OMB Number: 1545–0015.
Type of Review: Extension.
Title: United States Estate (and
Generation-Skipping Transfer) Tax
Return.
Form: 706.
Description: Form 706 is used by
executors to report and compute the
Federal Estate Tax imposed by IRC
section 2001 and the Federal GST tax
imposed by IRC section 2601. IRS uses
the information to enforce these taxes
and to verify that the tax has been
properly computed.
Respondents: Individuals and
households.
Estimated Total Burden Hours:
2,028,430 hours.
OMB Number: 1545–1072.
Type of Review: Extension.
Title: INTL–952–86 (NPRM and
Temporary) Allocation and
Apportionment of Interest Expense and
Certain Other Expenses.
Description: Section 864(e) of the
Internal Revenue Code provides rules
concerning the allocation and
apportionment of interest and certain
other expenses to foreign source income
for purposes of computing the foreign
tax credit limitation. The regulations
provide for the affirmative election of
either the modified gross income
method or the asset method of
apportionment in the case of a
controlled foreign corporation.
Respondents: Individuals and
households.
Estimated Total Burden Hours: 3,750
hours.
E:\FR\FM\19JYN1.SGM
19JYN1
cprice-sewell on PROD1PC66 with NOTICES
39664
Federal Register / Vol. 72, No. 138 / Thursday, July 19, 2007 / Notices
OMB Number: 1545–1883.
Type of Review: Extension.
Title: Announcement 2004–38,
Election of Alternative Deficit
Reduction Contribution.
Description: This announcement
describes the election that must be made
in order for certain employers to take
advantage of the alternative deficit
reduction contribution described in
section 102 of H.R. 3108.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 800
hours.
OMB Number: 1545–0747.
Type of Review: Extension.
Title: IRA Contribution Information.
Form: 5498.
Description: IRC section 408 (i)
requires trustees or issuers of individual
retirement arrangements to make such
reports to the Internal Revenue Service
regarding accounts, contracts, or
annuities as is required by regulations.
Regulations section 1.408–5 establishes
the filing dates and the content of Form
5498 and the information required to be
included in annual reports to
participants. Section 408(o)(4)(B)
requires the taxpayer to use the fair
market value of the account in certain
computations.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours:
16,241,629 hours.
OMB Number: 1545–0806.
Type of Review: Extension.
Title: EE–12–78 (Final) Non-Bank
Trustees.
Description: IRC section 408(a)(2)
permits an institution other than a bank
to be the trustee of an individual
retirement account (IRA). To do so, an
application needs to be filed and
various requirements need to be met.
IRS uses the information to determine
whether an institution qualifies to be a
non-bank trustee.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours: 13
hours.
OMB Number: 1545–1155.
Type of Review: Extension.
Title: PS–74–89 (TD 8282) Final
Election of Reduced Research Credit.
Description: These regulations
prescribe the procedure for making the
election described in section 280C(c)(3)
of the Internal Revenue Code. Taxpayers
making this election must reduce their
section 41(a) research credit, but are not
required to reduce their deductions for
qualified research expenses, as required
in paragraphs (1) and (2) of section
280C(c).
VerDate Aug<31>2005
15:31 Jul 18, 2007
Jkt 211001
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 50
hour.
OMB Number: 1545–0112.
Type of Review: Revision.
Title: Interest Income.
Form: 1099–INT.
Description: This form is used for
reporting interest income paid, as
required by sections 6049 and 6041 of
the Internal Revenue Code. It is used to
verify that payees are correctly reporting
their income.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours:
63,223,463 hour.
OMB Number: 1545–2043.
Type of Review: Extension.
Title: Form 8879–B, IRS e-file
Signature Authorization for Form 1065–
B.
Form: 8879–B.
Description: Tax year 2006 is the first
year that filers of Form 1065–B (electing
large partnerships) can file
electronically. Form 8879–B is used
when a personal identification number
(PIN) will be used to electronically sign
the electronic tax return, and, if
applicable, consent to an electric funds
withdrawal.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 258
hour.
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. E7–13967 Filed 7–18–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
July 12, 2007.
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, Pub.
L. 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
PO 00000
Frm 00060
Fmt 4703
Sfmt 4703
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 August 20, 2007
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–2063.
Type of Review: Extension.
Title: Notice 2007–19 (NOT–103443–
07) Statute of Limitations on
Assessment Concerning Certain
Individuals Filing Income Tax Returns
with the USVI.
Description: This notice provides
interim guidance, pending the issuance
of regulations, concerning the statute of
limitations on assessment for the U.S.
income tax liability. If any, of U.S.
citizens or resident aliens claiming to be
bona fide residents of the U.S. Virgin
Islands (USVI). In addition, notice
provides new information reporting
rules for certain taxpayers claiming to
be bona fide residents of the USVI.
Respondents: Individuals or
Households.
Estimated Total Burden Hours: 42,500
hours.
OMB Number: 1545–1597.
Type of Review: Extension.
Title: Revenue Procedure 2000–12,
Application Procedures for Qualified
Intermediary Status Under Section
1441; Final Qualified Intermediary
Withholding Agreement.
Description: Revenue Procedure
2000–12 describes application
procedures for becoming a qualified
intermediary and the requisite
agreement that a qualified intermediary
must execute with the IRS. The
information will be used by the IRS to
ensure compliance with the U.S.
withholding system under the 1441
regulations (especially proper
entitlement to treaty benefits).
Respondents: Businesses and other orprofits.
Estimated Total Burden Hours:
301,108 hours.
OMB Number: 1545–1600.
Type of Review: Extension.
Title: REG–251703–96 (Final)
Residence of Trusts and Estates–7701.
Description: Section 1161 of the
Taxpayer Relief Act of 1997, Pub. L. No.
105–34, 111 Stat. 788 (1997), provides
that a trust that was in existence on
August 20, 1996 (other than a trust
treated as owned by the grantor under
subpart E of part I of subchapter J of
chapter 1 of the Internal Revenue Code
of 1986) and that was treated as a
United States person on August 19,
E:\FR\FM\19JYN1.SGM
19JYN1
]]>Agencies
[Federal Register Volume 72, Number 138 (Thursday, July 19, 2007)]
[Notices]
[Pages 39663-39664]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-13967]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
July 12, 2007.
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 August 20, 2007
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1056.
Type of Review: Revision.
Title: REG-209020-86 (formerly INTL-61-86) NPRM & Temporary Foreign
Tax Credit; Notification and Adjustment Due to Foreign Tax
Redeterminations
Description: Section 905(c) requires that a taxpayer notify the
Internal Revenue Service of a change in the taxpayer's foreign income
tax liability that may affect its foreign tax credit. New 1.905-4T
provides rules concerning the time, manner, and contents of such
notification. Should the taxpayer fail to notify the IRS, penalties
under section 6689 may be imposed. Respondents are U.S. taxpayers that
claim a foreign tax credit under section 901, 902, or 960.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 54,000 hours.
OMB Number: 1545-0757.
Type of Review: Extension.
Title: LR-209-76 (Final) Special Lien for Estate Taxes Deferred
Under Section 6166 or 6166A.
Description: Section 632A permits the executor of a decedent's
estate to elect a lien on section 6166 property in favor of the United
States in lieu of a bond or personal liability if an election under
section 6166 was made and the executor files an agreement under section
6323A(c).
Respondents: Individuals or households.
Estimated Total Burden Hours: 8,650 hours.
OMB Number: 1545-0026.
Type of Review: Extension.
Title: Return by a U.S. Transferor of Property to a Foreign
Corporation.
Form: 926.
Description: U.S. persons file Form 926 to report the transfer of
property to a foreign corporation and to report information required by
section 367. The IRS uses Form 926 to determine if the gain, if any,
must be recognized by the U.S. person.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 9,419 hours.
OMB Number: 1545-0490.
Type of Review: Revision.
Title: (1) Application for Reward for Original Information; (2)
Solicitud de Recompensa por Informacion Original (Spanish Version).
Form: 211/211 (SP).
Description: Forms 211/211 (SP) are the official application forms
used by persons requesting rewards for submitting information
concerning alleged violations of the tax laws by other persons. Such
rewards are authorized by IRC 7623. The data is used to determine and
pay rewards to those persons who voluntarily submit information.
Respondents: Individuals and households.
Estimated Total Burden Hours: 2,800 hours.
OMB Number: 1545-1156.
Type of Review: Extension.
Title: Records (26 CFR 1.6001-1).
Description: Internal Revenue Code section 6001 requires, in part,
that every person liable for tax, or for the collection of that tax,
keep such records and comply with such rules and regulations as the
Secretary may from time to time prescribe. These records are needed to
ensure proper compliance with the Code.
Respondents: Individuals and households.
Estimated Total Burden Hours: 1 hours.
OMB Number: 1545-2057.
Type of Review: Extension.
Title: Form 13614-T, Telephone Excise Tax Refund.
Form: 13614-T.
Description: Form 13614-T, is part of a series of forms related to
the Form 13614. The Form 13614-T will be used as the Intake Sheet for
individuals who potentially qualify to file a Form 1040EZ-T, Request
for Refund of Federal Telephone Excise Tax, to receive their refund.
Respondents: Individuals and households.
Estimated Total Burden Hours: 81,917 hours.
OMB Number: 1545-0015.
Type of Review: Extension.
Title: United States Estate (and Generation-Skipping Transfer) Tax
Return.
Form: 706.
Description: Form 706 is used by executors to report and compute
the Federal Estate Tax imposed by IRC section 2001 and the Federal GST
tax imposed by IRC section 2601. IRS uses the information to enforce
these taxes and to verify that the tax has been properly computed.
Respondents: Individuals and households.
Estimated Total Burden Hours: 2,028,430 hours.
OMB Number: 1545-1072.
Type of Review: Extension.
Title: INTL-952-86 (NPRM and Temporary) Allocation and
Apportionment of Interest Expense and Certain Other Expenses.
Description: Section 864(e) of the Internal Revenue Code provides
rules concerning the allocation and apportionment of interest and
certain other expenses to foreign source income for purposes of
computing the foreign tax credit limitation. The regulations provide
for the affirmative election of either the modified gross income method
or the asset method of apportionment in the case of a controlled
foreign corporation.
Respondents: Individuals and households.
Estimated Total Burden Hours: 3,750 hours.
[[Page 39664]]
OMB Number: 1545-1883.
Type of Review: Extension.
Title: Announcement 2004-38, Election of Alternative Deficit
Reduction Contribution.
Description: This announcement describes the election that must be
made in order for certain employers to take advantage of the
alternative deficit reduction contribution described in section 102 of
H.R. 3108.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 800 hours.
OMB Number: 1545-0747.
Type of Review: Extension.
Title: IRA Contribution Information.
Form: 5498.
Description: IRC section 408 (i) requires trustees or issuers of
individual retirement arrangements to make such reports to the Internal
Revenue Service regarding accounts, contracts, or annuities as is
required by regulations. Regulations section 1.408-5 establishes the
filing dates and the content of Form 5498 and the information required
to be included in annual reports to participants. Section 408(o)(4)(B)
requires the taxpayer to use the fair market value of the account in
certain computations.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 16,241,629 hours.
OMB Number: 1545-0806.
Type of Review: Extension.
Title: EE-12-78 (Final) Non-Bank Trustees.
Description: IRC section 408(a)(2) permits an institution other
than a bank to be the trustee of an individual retirement account
(IRA). To do so, an application needs to be filed and various
requirements need to be met. IRS uses the information to determine
whether an institution qualifies to be a non-bank trustee.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 13 hours.
OMB Number: 1545-1155.
Type of Review: Extension.
Title: PS-74-89 (TD 8282) Final Election of Reduced Research
Credit.
Description: These regulations prescribe the procedure for making
the election described in section 280C(c)(3) of the Internal Revenue
Code. Taxpayers making this election must reduce their section 41(a)
research credit, but are not required to reduce their deductions for
qualified research expenses, as required in paragraphs (1) and (2) of
section 280C(c).
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 50 hour.
OMB Number: 1545-0112.
Type of Review: Revision.
Title: Interest Income.
Form: 1099-INT.
Description: This form is used for reporting interest income paid,
as required by sections 6049 and 6041 of the Internal Revenue Code. It
is used to verify that payees are correctly reporting their income.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 63,223,463 hour.
OMB Number: 1545-2043.
Type of Review: Extension.
Title: Form 8879-B, IRS e-file Signature Authorization for Form
1065-B.
Form: 8879-B.
Description: Tax year 2006 is the first year that filers of Form
1065-B (electing large partnerships) can file electronically. Form
8879-B is used when a personal identification number (PIN) will be used
to electronically sign the electronic tax return, and, if applicable,
consent to an electric funds withdrawal.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 258 hour.
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. E7-13967 Filed 7-18-07; 8:45 am]
BILLING CODE 4830-01-P
