Internal Revenue Service Proposed Collection; Comment Request for Form 8921, 51905-51906 [E7-17819]
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Federal Register / Vol. 72, No. 175 / Tuesday, September 11, 2007 / Notices
OMB Number: 1513–0058.
Recordkeeping Requirement Number:
5130/1.
Abstract: TTB audits brewers’ records
to verify production of beer and cereal
beverages, and to verify the quantity of
beer removed subject to tax and
removed without payment of tax.
Current Actions: This information
collection is being submitted as a
revision. There is an increase to the
number of respondents; however, there
is no change to the burden. Since these
are usual and customary records that the
tobacco manufacturer would keep in the
normal course of doing business, the
burden remains at one (1).
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
1,640.
Estimated Total Annual Burden
Hours: One (1).
Title: Recordkeeping for Tobacco
Products Removed in Bond from
Manufacturers’ Premises for
Experimental Purposes—27 CFR
40.232(d).
OMB Number: 1513–0110.
Recordkeeping Requirement Number:
None.
Abstract: The prescribed records
apply to manufacturers who ship
tobacco products in bond for
experimental purposes. TTB can
examine these records to determine that
the proprietor has complied with law
and regulations that allow such tobacco
products to be shipped in bond for
experimental purposes without payment
of the excise tax.
Current Actions: This information
collection is being submitted as a
revision. There is an increase to the
number of respondents; however, there
is no change to the burden. These are
usual and customary records that the
tobacco manufacturer would keep in the
normal course of doing business;
therefore, the burden remains at one (1).
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit; Individuals or households.
Estimated Number of Respondents:
170.
Estimated Total Annual Burden
Hours: One (1).
Title: Statement of Ultimate Vendor
(27 CFR 53.179(b)); Exemption
Certificate (27 CFR 53.134(d)(2));
Exemption Certificate (27 CFR
53.135(c)); Statement of Manufacturer’s
Vendee (27 CFR 53.133(d)); and
Statement of Manufacturer’s Vendee (27
CFR 53.132(c)).
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OMB Number(s): To be assigned.
TTB Form Numbers: TTB I 5600.33;
TTB I 5600.34; TTB I 5600.35; TTB I
5600.36, and TTB I 5600.37,
respectively.
Abstract: 27 CFR part 53 requires that,
in some cases, persons who sell firearms
or ammunition tax-free use specific
exemption certificates or statements to
support the tax-free sales. In addition,
27 CFR part 53 requires a specific
statement from the ultimate vendor to
support claims for certain tax refunds or
credits. Although the regulations require
firearms and ammunition excise
taxpayers to design and reproduce these
certificates or statements as specified in
the regulations, in order to promote
uniformity among excise taxpayers and
compliance with regulations, these
certificates and statements are needed.
Current Actions: We are changing this
information collection. First, we are
changing the ‘‘I’’ in the form number to
an ‘‘F.’’ Secondly, because some of the
forms have the same name, we are
changing the names of four of the forms
to: Exemption Certificate (Use on
Certain Vessels or Aircraft), TTB F
5600.34; Exemption Certificate (Use by
State or Local Governments), TTB F
5600.35; Statement of Manufacturer’s
Vendee (For Exports), TTB F 5600.36;
and Statement of Manufacturer’s
Vendee (Use in Further Manufacture),
TTB F 5600.37. TTB F 5600.33 will
remain the same, ‘‘Statement of
Ultimate Vendor.’’ Thirdly, we added a
Paperwork Reduction Act Notice to each
of the forms. Finally, the regulations
require the information collected in
these forms to be collected and retained,
but not in any particular format. The
regulations offer these forms as merely
a uniform way of collecting the required
information. Therefore, we are seeking
approval of these forms; but more
importantly, we are seeking approval of
the information collection requirements
found in the regulatory sections listed
above.
Type of Review: Existing collection in
use without an OMB control number.
Affected Public: Business or other forprofit; individuals or households; State
or Local Governments.
Estimated Number of Respondents:
7,000.
Estimated Total Annual Burden
Hours: 52,500.
Dated: September 5, 2007.
Francis W. Foote,
Director, Regulations and Rulings Division.
[FR Doc. E7–17877 Filed 9–10–07; 8:45 am]
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51905
DEPARTMENT OF THE TREASURY
Internal Revenue Service Proposed
Collection; Comment Request for Form
8921
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
8921, Applicable Insurance Contracts
Information Return.
DATES: Written comments should be
received on or before November 13,
2007 to be assured of consideration.
ADDRESSES: Direct all written comments
to David C. Brown, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Carolyn N. Brown,
at (202) 622–6688, or at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington,
DC 20224, or through the internet, at
Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Applicable Insurance Contracts
Information Return.
OMB Number: 1545–2083.
Form Number: Form 8921.
Abstract: To comply with IRC section
6050V, as added by the Pension
Protection Act of 2006, an applicable
exempt organization must file a Form
8921 for each structured transaction
under which it makes reportable
acquisitions of applicable insurance
contracts. The information gathered will
be used by the Treasury to issue a twoyear report to Congress.
Current Actions: There are no changes
being made to Form 8921 at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Not-for-profit
institutions.
Estimated Number of Respondents:
50,000.
Estimated Time per Respondent: 35
hours, 53 minutes.
Estimated Total Annual Burden
Hours: 1,794,500.
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Federal Register / Vol. 72, No. 175 / Tuesday, September 11, 2007 / Notices
sroberts on PROD1PC70 with NOTICES
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
VerDate Aug<31>2005
17:06 Sep 10, 2007
Jkt 211001
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
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information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: August 29, 2007.
Larnice Mack,
IRS Reports Clearance Officer.
[FR Doc. E7–17819 Filed 9–10–07; 8:45 am]
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[Federal Register Volume 72, Number 175 (Tuesday, September 11, 2007)]
[Notices]
[Pages 51905-51906]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-17819]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service Proposed Collection; Comment Request for
Form 8921
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 8921, Applicable Insurance Contracts Information Return.
DATES: Written comments should be received on or before November 13,
2007 to be assured of consideration.
ADDRESSES: Direct all written comments to David C. Brown, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Carolyn N.
Brown, at (202) 622-6688, or at Internal Revenue Service, Room 6129,
1111 Constitution Avenue, NW., Washington, DC 20224, or through the
internet, at Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Applicable Insurance Contracts Information Return.
OMB Number: 1545-2083.
Form Number: Form 8921.
Abstract: To comply with IRC section 6050V, as added by the Pension
Protection Act of 2006, an applicable exempt organization must file a
Form 8921 for each structured transaction under which it makes
reportable acquisitions of applicable insurance contracts. The
information gathered will be used by the Treasury to issue a two-year
report to Congress.
Current Actions: There are no changes being made to Form 8921 at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Not-for-profit institutions.
Estimated Number of Respondents: 50,000.
Estimated Time per Respondent: 35 hours, 53 minutes.
Estimated Total Annual Burden Hours: 1,794,500.
[[Page 51906]]
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: August 29, 2007.
Larnice Mack,
IRS Reports Clearance Officer.
[FR Doc. E7-17819 Filed 9-10-07; 8:45 am]
BILLING CODE 4830-01-P
