Submission for OMB Review; Comment Request, 40365-40366 [E7-14275]
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Federal Register / Vol. 72, No. 141 / Tuesday, July 24, 2007 / Notices
comply with the terms and conditions
of the exemption; (2) the exemption has
resulted in a lower level of safety than
was maintained before it was granted; or
(3) continuation of the exemption would
not be consistent with the goals and
objectives of 49 U.S.C. 31136 and 31315.
Issued on: July 18, 2007.
Pamela M. Pelcovits,
Acting Associate Administrator for Policy and
Program Development.
[FR Doc. E7–14296 Filed 7–23–07; 8:45 am]
BILLING CODE 4910–EX–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
July 16, 2007.
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 August 23, 2007
to be assured of consideration.
mstockstill on PROD1PC66 with NOTICES
Internal Revenue Service (IRS)
OMB Number: 1545–0099.
Type of Review: Revision.
Title: U.S. Return of Partnership
Income (Form 1065); Capital Gains and
Losses (Schedule D); and Partner’s
Share of Income, Credits, Deductions,
etc. (Schedule K–1).
Form: Schedule K–1 (Form 1065),
Form 1065, Form 1065 (Schedule D);
Schedule M–3 (Form 1065).
Description: IRC section 6031 requires
partnerships to file returns that show
gross income items, allowable
deductions, partners’ names, addresses,
and distribution shares, and other
information. This information is used to
verify correct reporting of partnership
items and for general statistics.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours:
803,424,312 hours.
OMB Number: 1545–2065.
Type of Review: Revision.
Title: Notice of Qualified Equity
Investment for New Markets Credit.
VerDate Aug<31>2005
17:50 Jul 23, 2007
Jkt 211001
Form: 8874–A.
Description: Internal Revenue Code
Sections 6109 and 6103 with code
section 45N. New IRC section 45N was
added by section 405 of the Tax Relief
and Health Care of 2006. The new form
provides a means for the qualified
mining company to compute and claim
the new markets credit.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours: 2,715
hours.
OMB Number: 1545–1601.
Type of Review: Extension.
Title: Revenue Procedure 98–32,
EFTPS Programs for Reporting Agents.
Description: The Batch and Bulk Filer
programs are used by Filers for
electronically submitting enrollments,
federal tax deposits, and federal tax
payments on behalf of multiple
taxpayers. These programs are part of
the Electronic Federal Tax Payment
System (EFTPS).
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours:
246,877 hours.
OMB Number: 1545–1906.
Type of Review: Extension.
Title: REG–149524–03 (NPRM) LIFO
Recapture Under Section 1363(d).
Description: This collection of
information is required to inform the
IRS of partnerships electing to increase
the basis of inventory to reflect any
amount included in a partner’s income
under section 1363(d). Section 1.1363–
2(e)(ii) allows a partnership to elect to
adjust the basis of its inventory to take
account of LIFO recapture. Section
1.1363–2(e)(3) provides guidance on
how to make this election.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours: 200
hours.
OMB Number: 1545–0985.
Type of Review: Extension.
Title: PS–128–86, PS–127–86, and
PS–73–88 (Final) (TD 8644) GenerationSkipping Transfer Tax.
Description: This regulation provides
rules relating to the effective date,
return requirements, definitions, and
certain special rules covering the
generation-skipping transfer tax. The
information required by the regulation
will require individuals and/or
fiduciaries to report information on
Form 706NA, 706, 706GS (D), 706GS
(D–1), 706GS (T), 709 and 843 in
connection with the generation skipping
transfer tax. The information will
facilitate the assessment of the tax and
taxpayer examinations.
Respondents: Individuals or
households.
PO 00000
Frm 00096
Fmt 4703
Sfmt 4703
40365
Estimated Total Burden Hours: 3,750
hours.
OMB Number: 1545–1614.
Type of Review: Extension.
Title: REG–106177–97 (NPRM)
Qualified State Tuition Programs.
Description: Respondents are states
and eligible educational institutions that
establish and maintain qualified state
tuition programs. Respondents include
distributees who receive benefits under
the programs. Information verifies that
programs are qualified and that
distributions are used for qualified
educational expenses.
Respondents: State, Local and Tribal
Governments.
Estimated Total Burden Hours:
4,258,260 hours.
OMB Number: 1545–1884.
Type of Review: Extension.
Title: Announcement 2004–43,
Election of Alternative Deficit
Reduction Contribution.
Description: Announcement 2004–43
describes the notice that must be given
by an employer to plan participants and
beneficiaries and to the Pension Benefit
Guaranty Corporation within 30 days of
making an election to take advantage of
the alternative deficit reduction
contribution described in Pub. L. 108–
18, and gives a special transition rule for
the 1st quarter.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours: 12,000
hours.
OMB Number: 1545–1900.
Type of Review: Extension.
Title: REG–208254–90 (NPRM) Source
of Compensation for Labor or Personal
Services.
Description: The proposed regulation
describes the appropriate bases for
determining the source of income from
labor or personal services performed
partly within and partly without the
United States. The information required
in Sec. 1.861–4(b)(2)(ii)(D) and (D)(6)
will enable an employee to source
certain fringe benefits on a geographical
basis. The collections of information
will, likewise, allow the IRS to verify
these determinations.
Respondents: Individuals or
households.
Estimated Total Burden Hours: 10,000
hours.
OMB Number: 1545–0923.
Type of Review: Extension.
Title: REG–209274–85 (NPRM) and
(Temporary) Tax Exempt Entity Leasing.
Description: These regulations
provide guidance to persons executing
lease agreements involving tax-exempt
entities under section 168(h) of the
Internal Revenue Code. The regulations
E:\FR\FM\24JYN1.SGM
24JYN1
mstockstill on PROD1PC66 with NOTICES
40366
Federal Register / Vol. 72, No. 141 / Tuesday, July 24, 2007 / Notices
are necessary to implement
congressionally enacted legislation and
elections for certain previously
tax-exempt organizations and certain
tax-exempt controlled entities.
Respondents: Not-for profit
institutions.
Estimated Total Burden Hours: 2,000
hours.
OMB Number: 1545–2066.
Type of Review: Extension.
Title: Notice of Recapture Event for
New Markets Credit.
Form: 8874 B.
Description: Form 8874–B, Notice of
Recapture Event for New Markets Credit
was developed because qualified CDEs
must provide Taxpayers holding a
qualified equity investment with a
completed Form 8874-B when a
recapture event occurs. Regulations
section 1.45D–1(g)(2)(i)(B).
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 2,755
hours.
OMB Number: 1545–2067.
Type of Review: Extension.
Title: Proceeds From Broker and
Barter Exchange Transactions.
Form: 1099-B.
Description: Form 1099–B is used by
brokers and barter exchanges to report
proceeds from transactions to the
Internal Revenue Service. The form will
be used by IRS to verify compliance
with the reporting rules and to verify
that the recipient has included the
proper amount of income on his or her
return.
Respondents: Individuals or
households.
Estimated Total Burden Hours:
39,988,038 hours.
OMB Number: 1545–0597.
Type of Review: Extension.
Title: Mine Rescue Team Training
Credit.
Form: 8923.
Description: Form 8923, Mine Rescue
Team Training Credit, was developed to
carry out the provisions of new code
section 45N. 45N was added by section
405 of the Tax Relief and Health Care
Act of 2006. The new form provides a
means for the qualified mining company
to compute and claim the credit.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours: 292
hours.
OMB Number: 1545–1751.
Type of Review: Extension.
Title: REG–107151–00 (Final)
Constructive Transfers and Transfers of
Property to a Third Party on Behalf of
a Spouse.
Description: The regulation sets forth
the required information that will
VerDate Aug<31>2005
17:50 Jul 23, 2007
Jkt 211001
permit spouses or former spouses to
treat a redemption by a corporation of
stock of one spouse or former spouse as
a transfer of that stock to the other
spouse or former spouse in exchange for
the redemption proceeds and a
redemption of the stock from the latter
spouse or former spouse in exchange for
the redemption proceeds.
Respondents: Individuals or
households.
Estimated Total Burden Hours: 500
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. E7–14275 Filed 7–23–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0143]
Proposed Information Collection
Activity: Proposed Collection;
Comment Request
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
SUMMARY: The Veterans Benefits
Administration (VBA), Department of
Veterans Affairs (VA), is announcing an
opportunity for public comment on the
proposed collection of certain
information by the agency. Under the
Paperwork Reduction Act (PRA) of
1995, Federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension of a currently approved
collection, and allow 60 days for public
comment in response to the notice. This
notice solicits comments on information
needed to establish landlord tenant
relationship when properties acquired
by VA through guaranteed and direct
home loan programs are rented.
DATES: Written comments and
recommendations on the proposed
collection of information should be
received on or before September 24,
2007.
ADDRESSES: Submit written comments
on the collection of information through
PO 00000
Frm 00097
Fmt 4703
Sfmt 4703
www.Regulations.gov or to Nancy J.
Kessinger, Veterans Benefits
Administration (20M35), Department of
Veterans Affairs, 810 Vermont Avenue,
NW., Washington, DC 20420 or e-mail to
nancy.kessinger@va.gov. Please refer to
‘‘OMB Control No. 2900–0143’’ in any
correspondence. During the comment
period, comments may be viewed online
through the Federal Docket Management
System (FDMS) at www.Regulations.gov.
FOR FURTHER INFORMATION CONTACT:
Nancy J. Kessinger at (202) 273–7079 or
FAX (202) 275–5947.
SUPPLEMENTARY INFORMATION: Under the
PRA of 1995 (Pub. L. 104–13; 44 U.S.C.
3501–3521), Federal agencies must
obtain approval from the Office of
Management and Budget (OMB) for each
collection of information they conduct
or sponsor. This request for comment is
being made pursuant to Section
3506(c)(2)(A) of the PRA.
With respect to the following
collection of information, VBA invites
comments on: (1) Whether the proposed
collection of information is necessary
for the proper performance of VBA’s
functions, including whether the
information will have practical utility;
(2) the accuracy of VBA’s estimate of the
burden of the proposed collection of
information; (3) ways to enhance the
quality, utility, and clarity of the
information to be collected; and (4)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
the use of other forms of information
technology.
Title: Offer to Rent on Month-ToMonth Basis and Credit Statement of
Prospective Tenant, VA Form 26–6725.
OMB Control Number: 2900–0143.
Type of Review: Extension of a
currently approved collection.
Abstract: VA Form 26–6725 is used to
establish the landlord-tenant
relationship when properties acquired
by VA, through operation of the
guaranteed and direct home loan
programs, are rented. The form serves as
a credit statement and rental offer
executed by prospective tenants of
properties owned by VA. VA may rent
properties acquired through guaranteed
and direct home loan programs when
there is little likelihood, because of
market conditions, or an early sale and/
or prolonged vacancy may encourage
vandalism. VA Form 26–6725 states the
responsibilities of the parties, evidence
of tender and acceptance of rental
payments, and provides credit
information for evaluating the
prospective tenant’s ability to meet
rental payments.
E:\FR\FM\24JYN1.SGM
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]]>Agencies
[Federal Register Volume 72, Number 141 (Tuesday, July 24, 2007)]
[Notices]
[Pages 40365-40366]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-14275]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
July 16, 2007.
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 August 23, 2007
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0099.
Type of Review: Revision.
Title: U.S. Return of Partnership Income (Form 1065); Capital Gains
and Losses (Schedule D); and Partner's Share of Income, Credits,
Deductions, etc. (Schedule K-1).
Form: Schedule K-1 (Form 1065), Form 1065, Form 1065 (Schedule D);
Schedule M-3 (Form 1065).
Description: IRC section 6031 requires partnerships to file returns
that show gross income items, allowable deductions, partners' names,
addresses, and distribution shares, and other information. This
information is used to verify correct reporting of partnership items
and for general statistics.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 803,424,312 hours.
OMB Number: 1545-2065.
Type of Review: Revision.
Title: Notice of Qualified Equity Investment for New Markets
Credit.
Form: 8874-A.
Description: Internal Revenue Code Sections 6109 and 6103 with code
section 45N. New IRC section 45N was added by section 405 of the Tax
Relief and Health Care of 2006. The new form provides a means for the
qualified mining company to compute and claim the new markets credit.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 2,715 hours.
OMB Number: 1545-1601.
Type of Review: Extension.
Title: Revenue Procedure 98-32, EFTPS Programs for Reporting
Agents.
Description: The Batch and Bulk Filer programs are used by Filers
for electronically submitting enrollments, federal tax deposits, and
federal tax payments on behalf of multiple taxpayers. These programs
are part of the Electronic Federal Tax Payment System (EFTPS).
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 246,877 hours.
OMB Number: 1545-1906.
Type of Review: Extension.
Title: REG-149524-03 (NPRM) LIFO Recapture Under Section 1363(d).
Description: This collection of information is required to inform
the IRS of partnerships electing to increase the basis of inventory to
reflect any amount included in a partner's income under section
1363(d). Section 1.1363-2(e)(ii) allows a partnership to elect to
adjust the basis of its inventory to take account of LIFO recapture.
Section 1.1363-2(e)(3) provides guidance on how to make this election.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 200 hours.
OMB Number: 1545-0985.
Type of Review: Extension.
Title: PS-128-86, PS-127-86, and PS-73-88 (Final) (TD 8644)
Generation-Skipping Transfer Tax.
Description: This regulation provides rules relating to the
effective date, return requirements, definitions, and certain special
rules covering the generation-skipping transfer tax. The information
required by the regulation will require individuals and/or fiduciaries
to report information on Form 706NA, 706, 706GS (D), 706GS (D-1), 706GS
(T), 709 and 843 in connection with the generation skipping transfer
tax. The information will facilitate the assessment of the tax and
taxpayer examinations.
Respondents: Individuals or households.
Estimated Total Burden Hours: 3,750 hours.
OMB Number: 1545-1614.
Type of Review: Extension.
Title: REG-106177-97 (NPRM) Qualified State Tuition Programs.
Description: Respondents are states and eligible educational
institutions that establish and maintain qualified state tuition
programs. Respondents include distributees who receive benefits under
the programs. Information verifies that programs are qualified and that
distributions are used for qualified educational expenses.
Respondents: State, Local and Tribal Governments.
Estimated Total Burden Hours: 4,258,260 hours.
OMB Number: 1545-1884.
Type of Review: Extension.
Title: Announcement 2004-43, Election of Alternative Deficit
Reduction Contribution.
Description: Announcement 2004-43 describes the notice that must be
given by an employer to plan participants and beneficiaries and to the
Pension Benefit Guaranty Corporation within 30 days of making an
election to take advantage of the alternative deficit reduction
contribution described in Pub. L. 108-18, and gives a special
transition rule for the 1st quarter.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 12,000 hours.
OMB Number: 1545-1900.
Type of Review: Extension.
Title: REG-208254-90 (NPRM) Source of Compensation for Labor or
Personal Services.
Description: The proposed regulation describes the appropriate
bases for determining the source of income from labor or personal
services performed partly within and partly without the United States.
The information required in Sec. 1.861-4(b)(2)(ii)(D) and (D)(6) will
enable an employee to source certain fringe benefits on a geographical
basis. The collections of information will, likewise, allow the IRS to
verify these determinations.
Respondents: Individuals or households.
Estimated Total Burden Hours: 10,000 hours.
OMB Number: 1545-0923.
Type of Review: Extension.
Title: REG-209274-85 (NPRM) and (Temporary) Tax Exempt Entity
Leasing.
Description: These regulations provide guidance to persons
executing lease agreements involving tax-exempt entities under section
168(h) of the Internal Revenue Code. The regulations
[[Page 40366]]
are necessary to implement congressionally enacted legislation and
elections for certain previously tax-exempt organizations and certain
tax-exempt controlled entities.
Respondents: Not-for profit institutions.
Estimated Total Burden Hours: 2,000 hours.
OMB Number: 1545-2066.
Type of Review: Extension.
Title: Notice of Recapture Event for New Markets Credit.
Form: 8874 B.
Description: Form 8874-B, Notice of Recapture Event for New Markets
Credit was developed because qualified CDEs must provide Taxpayers
holding a qualified equity investment with a completed Form 8874-B when
a recapture event occurs. Regulations section 1.45D-1(g)(2)(i)(B).
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 2,755 hours.
OMB Number: 1545-2067.
Type of Review: Extension.
Title: Proceeds From Broker and Barter Exchange Transactions.
Form: 1099-B.
Description: Form 1099-B is used by brokers and barter exchanges to
report proceeds from transactions to the Internal Revenue Service. The
form will be used by IRS to verify compliance with the reporting rules
and to verify that the recipient has included the proper amount of
income on his or her return.
Respondents: Individuals or households.
Estimated Total Burden Hours: 39,988,038 hours.
OMB Number: 1545-0597.
Type of Review: Extension.
Title: Mine Rescue Team Training Credit.
Form: 8923.
Description: Form 8923, Mine Rescue Team Training Credit, was
developed to carry out the provisions of new code section 45N. 45N was
added by section 405 of the Tax Relief and Health Care Act of 2006. The
new form provides a means for the qualified mining company to compute
and claim the credit.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 292 hours.
OMB Number: 1545-1751.
Type of Review: Extension.
Title: REG-107151-00 (Final) Constructive Transfers and Transfers
of Property to a Third Party on Behalf of a Spouse.
Description: The regulation sets forth the required information
that will permit spouses or former spouses to treat a redemption by a
corporation of stock of one spouse or former spouse as a transfer of
that stock to the other spouse or former spouse in exchange for the
redemption proceeds and a redemption of the stock from the latter
spouse or former spouse in exchange for the redemption proceeds.
Respondents: Individuals or households.
Estimated Total Burden Hours: 500 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. E7-14275 Filed 7-23-07; 8:45 am]
BILLING CODE 4830-01-P
