Submission for OMB Review; Comment Request, 44609-44610 [E7-15458]
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Federal Register / Vol. 72, No. 152 / Wednesday, August 8, 2007 / Notices
Board decisions and notices are
available on our Web site at https://
www.stb.dot.gov.
Decided: August 2, 2007.
By the Board, David M. Konschnik,
Director, Office of Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. E7–15504 Filed 8–7–07; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
July 31, 2007.
sroberts on PROD1PC70 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,
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 September 7, 2007
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–2068.
Type of Review: Extension.
Title: REG–155608–02 (NPRM)
Revised Regulations Concerning Section
403(b) Tax-Sheltered Annuity Contracts.
Description: The collection of
information in the regulations is in
§ 1.403(b)–10(b)(2) of the Income Tax
Regulations, requiring, in the case of
certain exchanges or transfers, that the
section 403(b) plan sponsor or
administrator enter into an agreement to
exchange certain information with
vendors of section 403(b) contracts.
Such information exchange is necessary
to ensure compliance with tax law
requirements relating to loans and
hardship distributions from section
403(b) plans.
Respondents: Not-for-profit
institutions.
Estimated Total Burden Hours: 45,000
hours.
OMB Number: 1545–1899.
Type of Review: Extension.
Title: REG–138176–02 (NPRM)
Timely Mailing Treated As Timely
Filing.
Description: Section 7502(a) of the
Internal Revenue Code provides that a
VerDate Aug<31>2005
19:14 Aug 07, 2007
Jkt 211001
document received after the due date for
filing will be treated as filed on the date
of the United States postmark on the
envelope containing the document if the
postmark date is on or before the date
for filing the document and the
document is placed in the U.S. mail on
or before the due date. Under I.R.C. Sec.
7502, in order for taxpayers to establish
the postmark date and prima facie
evidence of delivery when using
registered or certified mail to file
documents with the IRS, taxpayers will
need to retain the sender’s receipt.
Respondents: Individuals or
households.
Estimated Total Burden Hours:
1,084,765 hours.
OMB Number: 1545–1430.
Type of Review: Extension.
Title: Annual Return of Withheld
Federal Income Tax; Annual Record of
Federal Tax Liability; and Form 945
Payment Voucher.
Form: 945; 945A.
Description: Form 945 is used to
report income tax withholding on nonpayroll payments including backup
withholding and withholding on
pensions, annuities, IRA’s military
retirement and gambling winnings.
Form 945–A is used to report nonpayroll tax liabilities. Form 945–V is
used by those taxpayers who submit a
payment with their return.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours:
2,077,017 hours.
OMB Number: 1545–1847.
Type of Review: Extension.
Title: Revenue Procedure 2004–29,
Statistical Sampling in Sec. 274 Context.
Description: For taxpayers desiring to
establish for purposes of Sec. 274(n)(2),
(A), (C), (D), or (E) that a portion of the
total amount of substantiated expenses
incurred for meals and entertainment is
excepted from the 50% limitation of
Sec. 274(n), the revenue procedure
requires that taxpayers maintain
adequate documentation to support the
statistical application, sample unit
findings, and all aspects of the sample
plan.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours: 3,200
hours.
OMB Number: 1545–1902.
Type of Review: Extension.
Title: REG–145987–03 (NPRM)
Qualified Severance of a Trust for
Generation-Skipping Transfer (GST) Tax
Purposes.
Description: The collection of
information in this proposed regulation
is in section 26.2642–6(b)(5). This
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44609
information is required by the IRS for
qualified severances. This information
will be used to identify the trusts being
severed and the new trusts created upon
severance. The collection of information
is required in order to have a qualified
severance. The likely respondents are
individuals contributing to trusts that
have skip persons as beneficiaries.
Respondents: Individuals or
households.
Estimated Total Burden Hours: 12,500
hours.
OMB Number: 1545–0121.
Type of Review: Extension.
Title: Foreign Tax Credit (Individual,
Estate, or Trust).
Form: 1116.
Description: Form 1116 is used by
individuals (including nonresident
aliens) estates or trusts who paid foreign
income taxes on U.S. taxable income to
compute the foreign tax credit. This
information is used by the IRS to verify
the foreign tax credit.
Respondents: Individuals and
households.
Estimated Total Burden Hours:
22,093,974 hours.
OMB Number: 1545–1058.
Type of Review: Extension.
Title: Reporting Agent Authorization.
Form: 8655.
Description: Form 8655 allows a
taxpayer to designate a reporting agent
to file certain employment tax returns
electronically, and to submit Federal tax
deposits. This form allows IRS to
disclose tax account information and to
provide duplicate copies of taxpayer
correspondence to authorized agents.
Reporting agents are persons or
organizations preparing and filing
electronically the federal tax returns
and/or submitting federal tax deposits. ≤
Respondents: Businesses and other forprofits.
Estimated Total Burden Hours: 11,000
hours.
OMB Number: 1545–1731.
Type of Review: Extension.
Title: Revenue Procedure 2001–37,
Extraterritorial Income Exclusion
Elections.
Description: A taxpayer that wants to
revoke its election to be treated as a
domestic corporation for all purposes of
the Internal Revenue Code (‘‘Code’’)
must file a revocation statement with
the Internal Revenue Service (‘‘IRS’’).
This revenue procedure provides
guidance for implementing the elections
(and revocation of such elections)
established under the ‘‘FSC Repeal and
Extraterritorial Income Exclusion Act of
2000.’’
Respondents: Businesses or other forprofits.
E:\FR\FM\08AUN1.SGM
08AUN1
sroberts on PROD1PC70 with NOTICES
44610
Federal Register / Vol. 72, No. 152 / Wednesday, August 8, 2007 / Notices
Estimated Total Burden Hours: 19
hours.
OMB Number: 1545–0172.
Type of Review: Extension.
Title: Depreciation and Amortization
(Including Information on Listed
Property).
Form: 4562.
Description: Taxpayers use Form 4562
to: (1) Claim a deduction for
depreciation and/or amortization; (2)
make a section 179 election to expense
depreciable assets; and (3) answer
questions regarding the use of
automobiles and other listed property to
substantiate the business use under
section 274(d).
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours:
217,399,275 hours.
OMB Number: 1545–1357.
Type of Review: Extension.
Title: PS–78–91 (Final) Procedures for
Monitoring Compliance with LowIncome Housing Credit Requirements;
PS–50–92 (Final) Rules to Carry Out the
Purposes of Section 42 and for
Correcting.
Description: PS–78–91 The
regulations require state allocation plans
to provide a procedure for state and
local housing credit agencies to monitor
for compliance with the requirements of
section 42 and report any
noncompliance to the I.R.S. PS–50–92
These regulations concern the
Secretary’s authority to provide
guidance under section 42, and provide
for the correction of administrative
errors and omissions related to the
allocation of low-income housing credit
dollar amounts and recordkeeping.
REG–114664–97. The regulation amends
the procedures for state and local
housing credit agencies’ compliance
monitoring and the rules for State.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours:
104,899 hours.
OMB Number: 1545–0531.
Type of Review: Revision.
Title: United States Estate (and
Generation-Skipping Transfer) Tax
Return, Estate of nonresident not a
citizen of the United States.
Form: 706–NA.
Description: Under section 6018,
executors must file estate tax returns for
nonresident non-citizens that had
property in the U.S. Executors use Form
706–NS for this purpose. IRS uses the
information to determine correct tax and
credits.
Respondents: Individuals or
households.
Estimated Total Burden Hours: 3,584
hours.
VerDate Aug<31>2005
19:14 Aug 07, 2007
Jkt 211001
OMB Number: 1545–2070.
Type of Review: Extension.
Title: Rev. Proc. 2007–48 Rotable
Spare Parts Safe Harbor Method.
Description: The information for
which the agency is requesting to collect
will support a taxpayer’s claim for
eligibility to use the safe harbor method
of accounting for rotable spare parts
provided in the proposed revenue
procedures. The information will be
submitted as a supporting schedule for
the Form 3115, Application for Change
in Accounting Method.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours: 75
hour.
OMB Number: 1545–0020.
Type of Review: Revision.
Title: Quarterly Federal Excise Tax
Return.
Form: 720.
Description: The information supplied
on Form 720 is used by the IRS to
determine the correct tax liability.
Additionally, the data is report by the
IRS to Treasury so that funds may be
transferred from the general revenue
funds to the appropriate trust funds.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours:
3,567,704 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. E7–15458 Filed 8–7–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
Proposed Agency Information
Collection Activities; Comment
Request—Purchase of Branch
Office(s) and/or Transfer of Assets/
Liabilities
Office of Thrift Supervision
(OTS), Treasury.
ACTION: Notice and request for comment.
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 comment on
proposed and continuing information
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Fmt 4703
Sfmt 4703
collections, as required by the
Paperwork Reduction Act of 1995, 44
U.S.C. 3507. The Office of Thrift
Supervision within the Department of
the Treasury will submit the proposed
information collection requirement
described below to the Office of
Management and Budget (OMB) for
review, as required by the Paperwork
Reduction Act. Today, OTS is soliciting
public comments on its proposal to
extend this information collection.
DATES: Submit written comments on or
before October 9, 2007.
ADDRESSES: Send comments, referring to
the collection by title of the proposal or
by OMB approval number, to
Information Collection Comments, Chief
Counsel’s Office, Office of Thrift
Supervision, 1700 G Street, NW.,
Washington, DC 20552; send a facsimile
transmission to (202) 906–6518; or send
an e-mail to
infocollection.comments@ots.treas.gov.
OTS will post comments and the related
index on the OTS Internet Site at
www.ots.treas.gov. In addition,
interested persons may inspect
comments at the Public Reading Room,
1700 G Street, NW., by appointment. To
make an appointment, call (202) 906–
5922, send an e-mail to
public.info@ots.treas.gov, or send a
facsimile transmission to (202) 906–
7755.
You
can request additional information
about this proposed information
collection from Patricia Goings,
Financial Analyst, Applications (202)
906–5668, Office of Thrift Supervision,
1700 G Street, NW., Washington, DC
20552.
FOR FURTHER INFORMATION CONTACT:
OTS may
not conduct or sponsor an information
collection, and respondents are not
required to respond to an information
collection, unless the information
collection displays a currently valid
OMB control number. As part of the
approval process, we invite comments
on the following information collection.
Comments should address one or
more of the following points:
a. Whether the proposed collection of
information is necessary for the proper
performance of the functions of OTS;
b. The accuracy of OTS’s estimate of
the burden of the proposed information
collection;
c. Ways to enhance the quality,
utility, and clarity of the information to
be collected;
d. Ways to minimize the burden of the
information collection on respondents,
including through the use of
information technology.
SUPPLEMENTARY INFORMATION:
E:\FR\FM\08AUN1.SGM
08AUN1
]]>Agencies
[Federal Register Volume 72, Number 152 (Wednesday, August 8, 2007)]
[Notices]
[Pages 44609-44610]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-15458]
=======================================================================
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
July 31, 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 September 7,
2007 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-2068.
Type of Review: Extension.
Title: REG-155608-02 (NPRM) Revised Regulations Concerning Section
403(b) Tax-Sheltered Annuity Contracts.
Description: The collection of information in the regulations is in
Sec. 1.403(b)-10(b)(2) of the Income Tax Regulations, requiring, in
the case of certain exchanges or transfers, that the section 403(b)
plan sponsor or administrator enter into an agreement to exchange
certain information with vendors of section 403(b) contracts. Such
information exchange is necessary to ensure compliance with tax law
requirements relating to loans and hardship distributions from section
403(b) plans.
Respondents: Not-for-profit institutions.
Estimated Total Burden Hours: 45,000 hours.
OMB Number: 1545-1899.
Type of Review: Extension.
Title: REG-138176-02 (NPRM) Timely Mailing Treated As Timely
Filing.
Description: Section 7502(a) of the Internal Revenue Code provides
that a document received after the due date for filing will be treated
as filed on the date of the United States postmark on the envelope
containing the document if the postmark date is on or before the date
for filing the document and the document is placed in the U.S. mail on
or before the due date. Under I.R.C. Sec. 7502, in order for taxpayers
to establish the postmark date and prima facie evidence of delivery
when using registered or certified mail to file documents with the IRS,
taxpayers will need to retain the sender's receipt.
Respondents: Individuals or households.
Estimated Total Burden Hours: 1,084,765 hours.
OMB Number: 1545-1430.
Type of Review: Extension.
Title: Annual Return of Withheld Federal Income Tax; Annual Record
of Federal Tax Liability; and Form 945 Payment Voucher.
Form: 945; 945A.
Description: Form 945 is used to report income tax withholding on
non-payroll payments including backup withholding and withholding on
pensions, annuities, IRA's military retirement and gambling winnings.
Form 945-A is used to report non-payroll tax liabilities. Form 945-V is
used by those taxpayers who submit a payment with their return.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 2,077,017 hours.
OMB Number: 1545-1847.
Type of Review: Extension.
Title: Revenue Procedure 2004-29, Statistical Sampling in Sec. 274
Context.
Description: For taxpayers desiring to establish for purposes of
Sec. 274(n)(2), (A), (C), (D), or (E) that a portion of the total
amount of substantiated expenses incurred for meals and entertainment
is excepted from the 50% limitation of Sec. 274(n), the revenue
procedure requires that taxpayers maintain adequate documentation to
support the statistical application, sample unit findings, and all
aspects of the sample plan.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 3,200 hours.
OMB Number: 1545-1902.
Type of Review: Extension.
Title: REG-145987-03 (NPRM) Qualified Severance of a Trust for
Generation-Skipping Transfer (GST) Tax Purposes.
Description: The collection of information in this proposed
regulation is in section 26.2642-6(b)(5). This information is required
by the IRS for qualified severances. This information will be used to
identify the trusts being severed and the new trusts created upon
severance. The collection of information is required in order to have a
qualified severance. The likely respondents are individuals
contributing to trusts that have skip persons as beneficiaries.
Respondents: Individuals or households.
Estimated Total Burden Hours: 12,500 hours.
OMB Number: 1545-0121.
Type of Review: Extension.
Title: Foreign Tax Credit (Individual, Estate, or Trust).
Form: 1116.
Description: Form 1116 is used by individuals (including
nonresident aliens) estates or trusts who paid foreign income taxes on
U.S. taxable income to compute the foreign tax credit. This information
is used by the IRS to verify the foreign tax credit.
Respondents: Individuals and households.
Estimated Total Burden Hours: 22,093,974 hours.
OMB Number: 1545-1058.
Type of Review: Extension.
Title: Reporting Agent Authorization.
Form: 8655.
Description: Form 8655 allows a taxpayer to designate a reporting
agent to file certain employment tax returns electronically, and to
submit Federal tax deposits. This form allows IRS to disclose tax
account information and to provide duplicate copies of taxpayer
correspondence to authorized agents. Reporting agents are persons or
organizations preparing and filing electronically the federal tax
returns and/or submitting federal tax deposits. >Respondents:
Businesses and other for-profits.
Estimated Total Burden Hours: 11,000 hours.
OMB Number: 1545-1731.
Type of Review: Extension.
Title: Revenue Procedure 2001-37, Extraterritorial Income Exclusion
Elections.
Description: A taxpayer that wants to revoke its election to be
treated as a domestic corporation for all purposes of the Internal
Revenue Code (``Code'') must file a revocation statement with the
Internal Revenue Service (``IRS''). This revenue procedure provides
guidance for implementing the elections (and revocation of such
elections) established under the ``FSC Repeal and Extraterritorial
Income Exclusion Act of 2000.''
Respondents: Businesses or other for-profits.
[[Page 44610]]
Estimated Total Burden Hours: 19 hours.
OMB Number: 1545-0172.
Type of Review: Extension.
Title: Depreciation and Amortization (Including Information on
Listed Property).
Form: 4562.
Description: Taxpayers use Form 4562 to: (1) Claim a deduction for
depreciation and/or amortization; (2) make a section 179 election to
expense depreciable assets; and (3) answer questions regarding the use
of automobiles and other listed property to substantiate the business
use under section 274(d).
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 217,399,275 hours.
OMB Number: 1545-1357.
Type of Review: Extension.
Title: PS-78-91 (Final) Procedures for Monitoring Compliance with
Low-Income Housing Credit Requirements; PS-50-92 (Final) Rules to Carry
Out the Purposes of Section 42 and for Correcting.
Description: PS-78-91 The regulations require state allocation
plans to provide a procedure for state and local housing credit
agencies to monitor for compliance with the requirements of section 42
and report any noncompliance to the I.R.S. PS-50-92 These regulations
concern the Secretary's authority to provide guidance under section 42,
and provide for the correction of administrative errors and omissions
related to the allocation of low-income housing credit dollar amounts
and recordkeeping. REG-114664-97. The regulation amends the procedures
for state and local housing credit agencies' compliance monitoring and
the rules for State.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 104,899 hours.
OMB Number: 1545-0531.
Type of Review: Revision.
Title: United States Estate (and Generation-Skipping Transfer) Tax
Return, Estate of nonresident not a citizen of the United States.
Form: 706-NA.
Description: Under section 6018, executors must file estate tax
returns for nonresident non-citizens that had property in the U.S.
Executors use Form 706-NS for this purpose. IRS uses the information to
determine correct tax and credits.
Respondents: Individuals or households.
Estimated Total Burden Hours: 3,584 hours.
OMB Number: 1545-2070.
Type of Review: Extension.
Title: Rev. Proc. 2007-48 Rotable Spare Parts Safe Harbor Method.
Description: The information for which the agency is requesting to
collect will support a taxpayer's claim for eligibility to use the safe
harbor method of accounting for rotable spare parts provided in the
proposed revenue procedures. The information will be submitted as a
supporting schedule for the Form 3115, Application for Change in
Accounting Method.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 75 hour.
OMB Number: 1545-0020.
Type of Review: Revision.
Title: Quarterly Federal Excise Tax Return.
Form: 720.
Description: The information supplied on Form 720 is used by the
IRS to determine the correct tax liability. Additionally, the data is
report by the IRS to Treasury so that funds may be transferred from the
general revenue funds to the appropriate trust funds.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 3,567,704 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. E7-15458 Filed 8-7-07; 8:45 am]
BILLING CODE 4830-01-P
