Submission for OMB Review; Comment Request, 39664-39666 [E7-13996]
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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).
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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,
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cprice-sewell on PROD1PC66 with NOTICES
Federal Register / Vol. 72, No. 138 / Thursday, July 19, 2007 / Notices
1996, may elect to continue to be treated
as a United States person
notwithstanding § 7701(a)(30)(E) of the
Code. The election will require the
Internal Revenue Service to collect
information. This regulation provides
the procedure and requirements for
making the election to remain a
domestic trust.
Respondents: Individuals or
households.
Estimated Total Burden Hours: 114
hours.
OMB Number: 1545–1331.
Type of Review: Extension.
Title: PS–55–89 (Final) General Asset
Accounts Under the Accelerated Cost
Recovery System.
Description: The regulations describe
the time and manner of making the
election described in IRC Section
168(i)(4). Basic information regarding
this election is necessary to monitor
compliance with the rules in the IRC
Section 168.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours: 250
hours.
OMB Number: 1545–0190.
Type of Review: Revision.
Title: (MA)—Real Estate Lending and
Appraisals—12 CFR 34.
Description: The information
collections are required by statute to
regulate real estate lending and holding
by national banks. These regulations are
required by statute and are used by the
OCC to ensure the safe and sound
operation of national banks and bank
compliance. National banks are the
affected public.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours:
102,650 hours.
OMB Number: 1545–0105.
Type of Review: Extension.
Title: CRA Sunshine.
Description: These information
collections are required under section
711 of the Gramm-Leach-Bliley Act,
Public Law No. 106–102. This section
requires certain agreements that are in
fulfillment of the Community
Reinvestment Act of 1977 to be
disclosed to the public and the
appropriate Federal banking agencies.
This section also institutes an annual
reporting requirement to the agencies
concerning these agreements. These
requirements apply to insured
depository institutions and their
affiliates, as well as nongovernmental
entities or persons that enter into
covered agreements with such entities.
Respondents: Businesses and other
for-profits.
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15:31 Jul 18, 2007
Jkt 211001
Estimated Total Burden Hours: 1,416
hours.
OMB Number: 1545–1413.
Type of Review: Extension.
Title: IA–30–95 (Final) Reporting on
Nonpayroll Withheld Tax Liabilities
Description: These regulations
concern the Secretary’s authority to
require a return of tax under section
6011 and provide for the requirement of
a return by persons deducting and
withholding income tax from
‘‘Nonpayroll’’ payments.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours: 1
hours.
OMB Number: 1545–1265.
Type of Review: Extension.
Title: IA–120–86 (Final)
Capitalization of Interest.
Description: The regulations require
taxpayers to maintain contemporaneous
written records of estimates, to file a
ruling request to segregate activities in
applying the interest capitalization
rules, and to request the consent of the
Commissioner to change their methods
of accounting for the capitalization of
interest.
Respondents: Individuals and
households.
Estimated Total Burden Hours:
116,767 hours.
OMB Number: 1545–2062.
Type of Review: Extension.
Title: Reconciliation of Schedule
M–3 Taxable Income with Tax Return
Taxable Income for Mixed Groups.
Form: 8962.
Description: The Form 8916
reconciles taxable income per the
Schedule M–3 for the Forms 1120,
1120–L, or 1120–PC with the taxable
income on mixed groups filing Form
1120, 1120–L, or 1120–PC. This is
necessary because certain special
adjustments are required to match
taxable income of mixed groups as
reported on the Schedule M–3 with
taxable income they report on Forms
1120, 1120–L, or 1120–PC.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 3,385
hours.
OMB Number: 1545–1893.
Type of Review: Extension.
Title: REG–150562–03 (NPRM)
section 1045 Application to
Partnerships.
Description: The collection of
information is in § 1.1045–1(b)(4)(ii).
Any partner who recognizes all or a part
of the partner’s distributive share of
partnership section 1045 gain must
notify the partnership of the amount of
the partnership section 1045 gain that is
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39665
recognized. This information will be
used by the partnership to make
necessary adjustments to the basis of the
replacement qualified small business
stock.
Respondents: Individuals or
households.
Estimated Total Burden Hours: 1,000
hours.
OMB Number: 1545–0796.
Type of Review: Extension.
Title: Office of Chief CounselApplication.
Form: 6524.
Description: The Chief Counsel
Application form provides data we
deem critical for evaluating an attorney
applicant’s qualifications such as LSAT
score, bar admission status, type of work
preference, law school, class standing.
OF–306 does not provide this
information.
Respondents: Individuals or
households.
Estimated Total Burden Hours: 900
hours.
OMB Number: 1545–1153.
Type of Review: Extension.
Title: PS–73–89 (TD 8370) (Final)
Excise Tax on Chemicals That Deplete
the Ozone Layer and on Products
Containing Such Chemicals.
Description: Section 4681 imposes a
tax on ozone-depleting chemicals sold
or used by a manufacturer or importer
thereof and imported taxable products
sold or used by an importer thereof. A
floor stocks tax is also imposed. This
regulation provides reporting and
recordkeeping rules.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 75,142
hour.
OMB Number: 1545–0814.
Type of Review: Extension.
Title: EE–44–78 (Final) Cooperative
Hospital Service Organizations.
Description: This regulation
establishes the rules for cooperative
hospital service organizations which
seek tax-exempt status under section
501(e) of the Internal Revenue Code.
Such an organization must keep records
in order to show its cooperative nature
and to establish compliance with other
requirements in section 501(c).
Respondents: Not-for-profit
institutions.
Estimated Total Burden Hours: 1
hour.
OMB Number: 1545–0997.
Type of Review: Extension.
Title: Proceeds From Real Estate
Transactions.
Form: 1099–S.
Description: Form 1099–S is used by
the real estate reporting person to report
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Federal Register / Vol. 72, No. 138 / Thursday, July 19, 2007 / Notices
proceeds from a real estate transaction
to the IRS.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours:
510,465 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. E7–13996 Filed 7–18–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
July 13, 2007.
cprice-sewell on PROD1PC66 with NOTICES
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
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: 1545–1189.
Type of Review: Extension.
Title: Dollar Election Under Section
985.
Form: 8819.
Description: Form 8819 is filed by
U.S. and foreign businesses to elect the
U.S. dollar as their functional currency
or as the functional currency of their
controlled entities. The IRS uses Form
8819 to determine if the election is
properly made.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours: 3,320
hours.
OMB Number: 1545–2056.
Type of Review: Revision.
Title: REG–147144–06 Section
1.367(a)–8 Revisions.
Description: These temporary and
proposed regulations under IRC section
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15:31 Jul 18, 2007
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367(a) provide rules for taxpayers to
avoid recognizing gain under a gain
recognition agreement (GRA) if a new
GRA and notice statement are filed. The
regulations also provide a rule under
which a taxpayer may reduce the basis
in certain stock to meet one of the
requirements for terminating a GRA.
These regulations also revise an existing
rule to facilitate electronic filing. The
revision requires that information that a
taxpayer currently would write on the
face of its Federal income tax return
shall instead be attached as a separate
schedule to its return.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours: 240
hours.
OMB Number: 1545–0199.
Type of Review: Extension.
Title: REG–251703–96 (Final),
Residence of Trusts and Estates–7701.
Form: 5306–A.
Description: This form is used by
banks, credit unions, insurance
companies, and trade or professional
associations to apply for approval of a
Simplified Employee Pension Plan or
Savings Incentive Match Plan to be used
by more than one employer. The data
collected is used to determine if the
prototype plan submitted is an
approved plan.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours: 94,400
hours.
OMB Number: 1545–1892.
Type of Review: Extension.
Title: REG–153841–02 (Final),
Election Out of GST Deemed
Allocations.
Description: The collection of
information in this proposed regulation
is in sections 26.2632–1(b)(2)(ii),
26.2632–1(b)(2)(iii), and 26.2632–
1(b)(2). This information is required by
the IRS for taxpayers who elect to have
the automatic allocation rules not apply
to the current transfer and/or to future
transfers to the trust or to terminate
such election. This information is also
required by the IRS for taxpayers who
elect to treat trusts described in section
2632(c)(3)(B)(i) through (vi) as GST
trusts or to terminate such election.
Respondents: Individuals or
households.
Estimated Total Burden Hours: 12,500
hours.
OMB Number: 1545–0191.
Type of Review: Extension.
Title: Investment Interest Expense
Deduction.
Form: 4952.
Description: Form 4952 is used by
taxpayers who paid or accrued interest
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Fmt 4703
Sfmt 4703
on money borrowed to purchase or carry
investment property. The form is used
to compute the allowable deduction for
interest on investment indebtedness and
the information obtained is necessary to
verify the amount actually deducted.
Respondents: Individuals or
households.
Estimated Total Burden Hours:
205,596 hours.
OMB Number: 1545–2059.
Type of Review: Extension.
Title: TD 9312 (Temp), Deduction for
qualified film and television production
costs.
Description: This temporary
regulation provides rules for electing to
claim a deduction for certain costs of
producing of a qualifying film or
television production, and for
substantiating that the production
qualifies for the deduction. The
temporary regulation provides the time
and manner for a taxpayer to submit
certain information to make the election
and to claim this deduction.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours: 1,500
hours.
OMB Number: 1545–0035.
Type of Review: Extension.
Title: Employer’s Annual Tax Return
for Agricultural Employees.
Form: 943, 943–PR, 943–A, 943A–PR.
Description: Agricultural employers
must prepare and file Form 943 and
Form 943–PR (Puerto Rico only) to
report and pay FICA taxes and (943
only) income tax voluntarily withheld.
Agricultural employers may attach
Forms 943–A and 943–A–PR to Forms
943 and 943–PR to show their tax
liabilities for semiweekly periods. The
information is used to verify that the
correct tax has been paid.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours:
8,972,974 hours.
OMB Number: 1545–2060.
Type of Review: Revision.
Title: Notice 2007–46—Credit for New
Medium-Duty and Heavy-Duty Hybrid
Motor Vehicles.
Description: This notice sets forth a
process that allows taxpayers who
purchase medium-duty and heavy-duty
hybrid 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 a qualified hybrid
motor vehicle under section 30B(3) and
(d), and the amount of the credit
allowable with respect to the vehicle.
Respondents: Businesses and other
for-profits.
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Agencies
[Federal Register Volume 72, Number 138 (Thursday, July 19, 2007)]
[Notices]
[Pages 39664-39666]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-13996]
-----------------------------------------------------------------------
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 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 or-profits.
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,
[[Page 39665]]
1996, may elect to continue to be treated as a United States person
notwithstanding Sec. 7701(a)(30)(E) of the Code. The election will
require the Internal Revenue Service to collect information. This
regulation provides the procedure and requirements for making the
election to remain a domestic trust.
Respondents: Individuals or households.
Estimated Total Burden Hours: 114 hours.
OMB Number: 1545-1331.
Type of Review: Extension.
Title: PS-55-89 (Final) General Asset Accounts Under the
Accelerated Cost Recovery System.
Description: The regulations describe the time and manner of making
the election described in IRC Section 168(i)(4). Basic information
regarding this election is necessary to monitor compliance with the
rules in the IRC Section 168.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 250 hours.
OMB Number: 1545-0190.
Type of Review: Revision.
Title: (MA)--Real Estate Lending and Appraisals--12 CFR 34.
Description: The information collections are required by statute to
regulate real estate lending and holding by national banks. These
regulations are required by statute and are used by the OCC to ensure
the safe and sound operation of national banks and bank compliance.
National banks are the affected public.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 102,650 hours.
OMB Number: 1545-0105.
Type of Review: Extension.
Title: CRA Sunshine.
Description: These information collections are required under
section 711 of the Gramm-Leach-Bliley Act, Public Law No. 106-102. This
section requires certain agreements that are in fulfillment of the
Community Reinvestment Act of 1977 to be disclosed to the public and
the appropriate Federal banking agencies. This section also institutes
an annual reporting requirement to the agencies concerning these
agreements. These requirements apply to insured depository institutions
and their affiliates, as well as nongovernmental entities or persons
that enter into covered agreements with such entities.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 1,416 hours.
OMB Number: 1545-1413.
Type of Review: Extension.
Title: IA-30-95 (Final) Reporting on Nonpayroll Withheld Tax
Liabilities
Description: These regulations concern the Secretary's authority to
require a return of tax under section 6011 and provide for the
requirement of a return by persons deducting and withholding income tax
from ``Nonpayroll'' payments.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 1 hours.
OMB Number: 1545-1265.
Type of Review: Extension.
Title: IA-120-86 (Final) Capitalization of Interest.
Description: The regulations require taxpayers to maintain
contemporaneous written records of estimates, to file a ruling request
to segregate activities in applying the interest capitalization rules,
and to request the consent of the Commissioner to change their methods
of accounting for the capitalization of interest.
Respondents: Individuals and households.
Estimated Total Burden Hours: 116,767 hours.
OMB Number: 1545-2062.
Type of Review: Extension.
Title: Reconciliation of Schedule M-3 Taxable Income with Tax
Return Taxable Income for Mixed Groups.
Form: 8962.
Description: The Form 8916 reconciles taxable income per the
Schedule M-3 for the Forms 1120, 1120-L, or 1120-PC with the taxable
income on mixed groups filing Form 1120, 1120-L, or 1120-PC. This is
necessary because certain special adjustments are required to match
taxable income of mixed groups as reported on the Schedule M-3 with
taxable income they report on Forms 1120, 1120-L, or 1120-PC.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 3,385 hours.
OMB Number: 1545-1893.
Type of Review: Extension.
Title: REG-150562-03 (NPRM) section 1045 Application to
Partnerships.
Description: The collection of information is in Sec. 1.1045-
1(b)(4)(ii). Any partner who recognizes all or a part of the partner's
distributive share of partnership section 1045 gain must notify the
partnership of the amount of the partnership section 1045 gain that is
recognized. This information will be used by the partnership to make
necessary adjustments to the basis of the replacement qualified small
business stock.
Respondents: Individuals or households.
Estimated Total Burden Hours: 1,000 hours.
OMB Number: 1545-0796.
Type of Review: Extension.
Title: Office of Chief Counsel-Application.
Form: 6524.
Description: The Chief Counsel Application form provides data we
deem critical for evaluating an attorney applicant's qualifications
such as LSAT score, bar admission status, type of work preference, law
school, class standing. OF-306 does not provide this information.
Respondents: Individuals or households.
Estimated Total Burden Hours: 900 hours.
OMB Number: 1545-1153.
Type of Review: Extension.
Title: PS-73-89 (TD 8370) (Final) Excise Tax on Chemicals That
Deplete the Ozone Layer and on Products Containing Such Chemicals.
Description: Section 4681 imposes a tax on ozone-depleting
chemicals sold or used by a manufacturer or importer thereof and
imported taxable products sold or used by an importer thereof. A floor
stocks tax is also imposed. This regulation provides reporting and
recordkeeping rules.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 75,142 hour.
OMB Number: 1545-0814.
Type of Review: Extension.
Title: EE-44-78 (Final) Cooperative Hospital Service Organizations.
Description: This regulation establishes the rules for cooperative
hospital service organizations which seek tax-exempt status under
section 501(e) of the Internal Revenue Code. Such an organization must
keep records in order to show its cooperative nature and to establish
compliance with other requirements in section 501(c).
Respondents: Not-for-profit institutions.
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-0997.
Type of Review: Extension.
Title: Proceeds From Real Estate Transactions.
Form: 1099-S.
Description: Form 1099-S is used by the real estate reporting
person to report
[[Page 39666]]
proceeds from a real estate transaction to the IRS.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 510,465 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. 1
[FR Doc. E7-13996 Filed 7-18-07; 8:45 am]
BILLING CODE 4830-01-P