Submission for OMB Review; Comment Request, 70933-70934 [E7-24143]
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Federal Register / Vol. 72, No. 239 / Thursday, December 13, 2007 / Notices
mstockstill on PROD1PC66 with NOTICES
Convenience and Necessity, to operate
segments of rail lines owned by the
Commonwealth of Massachusetts, acting
by and through the Massachusetts
Executive Office of Transportation and
Public Works (EOTPW). The segments
over which rail service will be
performed are as follows: (1) Buzzards
Bay Secondary, extending from
Middleboro, MA (milepost 1.5), to
Buzzards Bay, MA (milepost 19.9), a
distance of approximately 18.4 miles;
(2) Hyannis Secondary, extending from
Bourne, MA (milepost 0.0), to Hyannis,
MA (milepost 24.3), a distance of
approximately 24.3 miles; (3) South
Dennis Secondary, extending from
Yarmouth Junction, MA (milepost 0.0),
to Station Avenue in Yarmouth
(milepost 2.81), a distance of
approximately 2.8 miles; (4) Falmouth
Secondary, extending from Bourne
(milepost 0.0) to Falmouth, MA
(milepost 6.8), a distance of
approximately 6.8 miles; (5) Watuppa
Branch, extending from milepost 6.0
west of North Dartmouth, MA, to
Westport, MA (milepost 10.66), a
distance of approximately 4.7 miles; and
(6) Dean Street Industrial Track,
between mileposts 0.0 and 1.5, in
Taunton, MA, a distance of
approximately 1.5 miles. The lines will
connect at Middleboro and Taunton
with CSX Transportation, Inc. (CSXT),
and at milepost 6.0 west of North
Dartmouth with Bay Colony Railroad
Corporation (Bay Colony).3
The involved lines were abandoned
pursuant to Section 304 of the Regional
Rail Reorganization Act of 1973 (45
U.S.C. 744) and were acquired by the
Commonwealth of Massachusetts from
the estate of the Penn Central
Transportation Company. The Interstate
Commerce Commission issued modified
rail certificates to Bay Colony for
operation of the involved lines and
certain other lines. See Bay Colony
Railroad Corporation—Modified Rail
Certificate, Finance Docket No. 29963
(ICC served June 29, 1982 and Sept. 24,
1987).
Pursuant to an agreement, MC and
EOTPW have agreed that MC will
3 As a result of a response filed on November 20,
2007 by Bay Colony, MC filed an amendment to the
notice on November 29, 2007, requesting that the
Board correct that part concerning MC’s
connections, as set forth here. Changes to the
Watuppa segment description (segment (5)) have
also been made as a result of the November 20 and
29 filings.
MC adds that it is currently developing a
proposed trackage rights arrangement with Bay
Colony whereby MC would be able to operate over
Bay Colony’s trackage between the MC/Bay Colony
connection at milepost 6.0 and the Bay Colony/
CSXT connection at milepost 0.08. If and when
such an arrangement is reached, MC states that it
will make the required Board filings.
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17:10 Dec 12, 2007
Jkt 214001
operate the lines for a period of 10 years
beginning January 6, 2008, and
extending to December 31, 2017. The
agreement provides for three extension
terms of 5 years each pursuant to
written mutual agreement.
The rail segments qualify for a
modified certificate of public
convenience and necessity. See
Common Carrier Status of States, State
Agencies and Instrumentalities and
Political Subdivisions, Finance Docket
No. 28990F (ICC served July 16, 1981).
MC states that no subsidy is involved
and that there are no preconditions for
shippers to meet in order to receive rail
service.
This notice will be served on the
Association of American Railroads (Car
Service Division) as agent for all
railroads subscribing to the car-service
and car-hire agreement: Association of
American Railroads, 50 F Street, NW.,
Washington, DC 20001; and on the
American Short Line and Regional
Railroad Association: American Short
Line and Regional Railroad Association,
50 F Street, NW., Suite 7020,
Washington, DC 20001.
Board decisions and notices are
available on our Web site at
WWW.STB.DOT.GOV.
Decided: December 5, 2007.
By the Board, David M. Konschnik,
Director, Office of Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. E7–23926 Filed 12–12–07; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
December 7, 2007.
The Department of Treasury will
submit the following public information
collection requirement(s) to OMB for
review and clearance under the
Paperwork Reduction Act of 1995,
Public Law 104–13 on or after the date
of publication of this notice. 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 January 14, 2008
to be assured of consideration.
PO 00000
Frm 00118
Fmt 4703
Sfmt 4703
70933
Internal Revenue Service (IRS)
OMB Number: 1545–XXXX.
Type of Review: New Collection.
Title: RP–2007–XX (RP–155430–05),
Accelerated Appeals Procedure.
Description: This revenue procedure
establishes the Accelerated Appeals
Procedure for taxpayers who are issued
a proposed assessment of penalty under
section 6707 of 6707A of the Internal
Revenue Code. These taxpayers may
request that the Office of Appeals
review and consider resolution of the
proposed assessment. The information
to be collected under the revenue
procedure is needed to initiate, and will
be used to conduct, the Accelerated
Appeals Procedure.
Respondents: Individuals or
Households.
Estimated Total Burden Hours: 430
hours.
OMB Number: 1545–1360.
Type of Review: Extension.
Title: PS–102–88 (Final) Income, Gift
and Estate Tax.
Description: The regulation provides
guidance to individuals or fiduciaries:
1) For making a qualified domestic trust
election on the estate tax return of a
decedent whose surviving spouse is not
a United States citizen in order that the
estate may obtain the marital deduction,
and 2) for filing the annual returns that
such an election may require.
Respondents: Individuals or
Households.
Estimated Total Burden Hours: 6,150
hours.
OMB Number: 1545–1629.
Type of Review: Extension.
Title: Paid Preparer’s Earned Income
Credit Checklist.
Form: 8867.
Description: Form 8867 helps
preparers meet the due diligence
requirements of Code section 6695(g),
which was added by section 1085(a)(2)
of the Taxpayer Relief Act of 1997. Paid
preparers of Federal income tax returns
or claims for refund involving the
earned income credit (EIC) must meet
the due diligence requirements in
determining if the taxpayer is eligible
for the EIC and the amount of the credit.
Failure to do so could result in a $100
penalty for each failure. Completion of
Form 8867 is one of the due diligency
requirements.
Respondents: Businesses and other
for-profits.
Estimated Total Burden Hours:
14,979,521 hours.
OMB Number: 1545–1889.
Type of Review: Extension.
Title: Notice 2004–59, Plan
Amendments Following Election of
Alternative Deficit Reduction
Contribution.
E:\FR\FM\13DEN1.SGM
13DEN1
mstockstill on PROD1PC66 with NOTICES
70934
Federal Register / Vol. 72, No. 239 / Thursday, December 13, 2007 / Notices
Description: This notice sets forth
answers to certain questions raised by
the public when there is an amendment
to an election to take advantage of the
alternative deficit reduction
contribution described in Public Law
108–218.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours: 400
hours.
OMB Number: 1545–1898.
Type of Review: Extension.
Title: Revenue Procedure 2004–47,
Relief From Ruling Process For Making
Late Reverse QTIP Election.
Description: This revenue procedure
provides alternative relief for taxpayers
who failed to make a reverse QTIP
election on an estate tax return. Instead
of requesting a private letter ruling and
paying the accompanying user fee the
taxpayer may file certain documents
with the Cincinnati Service Center
directly to request relief.
Respondents: Individuals or
households.
Estimated Total Burden Hours: 54
hours.
OMB Number: 1545–1891.
Type of Review: Revision.
Title: Form 13560, HCTC Health Plan
Administrator (HPA) Return of Funds
Form.
Form: 13560.
Description: Form 13560 is completed
by Health Plan Administrators (HPAs)
and accompanies a return of funds in
order to ensure proper handling. This
form serves as supporting
documentations for any funds returned
by an HPA and clarifies where the
payment should be applied and why it
is being sent.
Respondents: State, Local or Tribal
Governments.
Estimated Total Burden Hours: 50
hours.
OMB Number: 1545–1631.
Type of Review: Extension.
Title: REG–209619–93 (Final) Escrow
Funds and Other Similar Funds.
Description: Section 468B(g) requires
that income earned on escrow accounts,
settlement funds, and similar funds be
subject to current taxation. This section
authorizes the Secretary to issue
regulations providing for the current
taxation of these accounts and funds as
grantor trusts or otherwise. The
proposed regulations would amend the
final regulations for qualified settlement
funds (QFSs) and would provide new
rules for qualified escrows and qualified
trusts used in deferred section 1031
exchanges; pre-closing escrows;
contingent at-closing escrows; and
disputed ownership funds.
VerDate Aug<31>2005
17:10 Dec 12, 2007
Jkt 214001
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 3,720
hours.
OMB Number: 1545–1639.
Type of Review: Extension.
Title: REG–106012–98 (Final)
Definition of Contribution in Aid of
Construction under section 118(c).
Description: The regulations provide
guidance with respect to Sec. 118(c),
which provides that a contribution in
aid of construction received by a
regulated public water or sewage utility
is treated as a contribution to the capital
of the utility and excluded from gross
income.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 300
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. E7–24143 Filed 12–12–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request; Proposed Revision
to Collection; Comment Request for
Form 1040 and Schedules A, B, C, C–
EZ, D, D–1, E, EIC, F, H, J, R, and SE,
Form 1040A and Schedules 1, 2, and 3,
and Form 1040EZ, and All Attachments
to These Forms
December 7, 2007.
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: The Department of the
Treasury will submit the following
public information collection
requirement(s) to OMB for review and
clearance under the Paperwork
Reduction Act of 1995, Public Law 104–
13 on or after the date of publication of
this notice. 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 at the end of this
notice, and to the Treasury Department
Clearance Officer, Department of the
PO 00000
Frm 00119
Fmt 4703
Sfmt 4703
Treasury, Room 11000, 1750
Pennsylvania Avenue, NW.,
Washington, DC 20220.
DATES: Written comments should be
received on or before January 14, 2008
to be assured of consideration.
SUPPLEMENTARY INFORMATION:
PRA Approval of Forms Used by
Individual Taxpayers
Under the PRA, OMB assigns a
control number to each ‘‘collection of
information’’ that it reviews and
approves for use by an agency. The PRA
also requires agencies to estimate the
burden for each collection of
information. Accordingly, each OMB
Control Number has an associated
burden estimate. The burden estimates
for each control number are displayed
in (1) the PRA notices that accompany
collections of information, (2) Federal
Register notices such as this one, and
(3) in OMB’s database of approved
information collections.
The Individual Taxpayer Burden
Model (ITBM) estimates the levels of
burden experienced by individual
taxpayers when complying with the
Federal tax laws. This model reflects
major changes over the past two decades
in the way taxpayers prepare and file
their returns; more than 85 percent of all
individual tax returns are prepared
utilizing computer software, either by
the taxpayer or a paid provider, and less
than 15 are prepared manually. The
ITBM’s approach to measuring burden
focuses on the characteristics and
activities of individual taxpayers rather
than the forms they use. Key
determinants of taxpayer burden in the
model are the way the taxpayer prepares
the return, e.g. with software or paid
preparer, and the taxpayer’s activities,
e.g. recordkeeping and tax planning.
Burden is defined as the time and outof-pocket costs incurred by taxpayers to
comply with the Federal tax system.
The time expended and the out-ofpocket costs are estimated separately.
The methodology distinguishes among
preparation methods, taxpayer
activities, types of individual taxpayer,
filing methods, and income levels.
Indicators of complexity in tax laws
as reflected in tax forms and
instructions are incorporated in the
model. The preparation methods are:
• Self-prepared without software.
• Self-prepared with software.
• Used a paid preparer.
The types of taxpayer activities
measured in the model are:
• Recordkeeping.
• Form completion.
• Form submission (electronic and
paper).
E:\FR\FM\13DEN1.SGM
13DEN1
]]>Agencies
[Federal Register Volume 72, Number 239 (Thursday, December 13, 2007)]
[Notices]
[Pages 70933-70934]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-24143]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
December 7, 2007.
The Department of Treasury will submit the following public
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13 on or
after the date of publication of this notice. 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 January 14,
2008 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-XXXX.
Type of Review: New Collection.
Title: RP-2007-XX (RP-155430-05), Accelerated Appeals Procedure.
Description: This revenue procedure establishes the Accelerated
Appeals Procedure for taxpayers who are issued a proposed assessment of
penalty under section 6707 of 6707A of the Internal Revenue Code. These
taxpayers may request that the Office of Appeals review and consider
resolution of the proposed assessment. The information to be collected
under the revenue procedure is needed to initiate, and will be used to
conduct, the Accelerated Appeals Procedure.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 430 hours.
OMB Number: 1545-1360.
Type of Review: Extension.
Title: PS-102-88 (Final) Income, Gift and Estate Tax.
Description: The regulation provides guidance to individuals or
fiduciaries: 1) For making a qualified domestic trust election on the
estate tax return of a decedent whose surviving spouse is not a United
States citizen in order that the estate may obtain the marital
deduction, and 2) for filing the annual returns that such an election
may require.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 6,150 hours.
OMB Number: 1545-1629.
Type of Review: Extension.
Title: Paid Preparer's Earned Income Credit Checklist.
Form: 8867.
Description: Form 8867 helps preparers meet the due diligence
requirements of Code section 6695(g), which was added by section
1085(a)(2) of the Taxpayer Relief Act of 1997. Paid preparers of
Federal income tax returns or claims for refund involving the earned
income credit (EIC) must meet the due diligence requirements in
determining if the taxpayer is eligible for the EIC and the amount of
the credit. Failure to do so could result in a $100 penalty for each
failure. Completion of Form 8867 is one of the due diligency
requirements.
Respondents: Businesses and other for-profits.
Estimated Total Burden Hours: 14,979,521 hours.
OMB Number: 1545-1889.
Type of Review: Extension.
Title: Notice 2004-59, Plan Amendments Following Election of
Alternative Deficit Reduction Contribution.
[[Page 70934]]
Description: This notice sets forth answers to certain questions
raised by the public when there is an amendment to an election to take
advantage of the alternative deficit reduction contribution described
in Public Law 108-218.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 400 hours.
OMB Number: 1545-1898.
Type of Review: Extension.
Title: Revenue Procedure 2004-47, Relief From Ruling Process For
Making Late Reverse QTIP Election.
Description: This revenue procedure provides alternative relief for
taxpayers who failed to make a reverse QTIP election on an estate tax
return. Instead of requesting a private letter ruling and paying the
accompanying user fee the taxpayer may file certain documents with the
Cincinnati Service Center directly to request relief.
Respondents: Individuals or households.
Estimated Total Burden Hours: 54 hours.
OMB Number: 1545-1891.
Type of Review: Revision.
Title: Form 13560, HCTC Health Plan Administrator (HPA) Return of
Funds Form.
Form: 13560.
Description: Form 13560 is completed by Health Plan Administrators
(HPAs) and accompanies a return of funds in order to ensure proper
handling. This form serves as supporting documentations for any funds
returned by an HPA and clarifies where the payment should be applied
and why it is being sent.
Respondents: State, Local or Tribal Governments.
Estimated Total Burden Hours: 50 hours.
OMB Number: 1545-1631.
Type of Review: Extension.
Title: REG-209619-93 (Final) Escrow Funds and Other Similar Funds.
Description: Section 468B(g) requires that income earned on escrow
accounts, settlement funds, and similar funds be subject to current
taxation. This section authorizes the Secretary to issue regulations
providing for the current taxation of these accounts and funds as
grantor trusts or otherwise. The proposed regulations would amend the
final regulations for qualified settlement funds (QFSs) and would
provide new rules for qualified escrows and qualified trusts used in
deferred section 1031 exchanges; pre-closing escrows; contingent at-
closing escrows; and disputed ownership funds.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 3,720 hours.
OMB Number: 1545-1639.
Type of Review: Extension.
Title: REG-106012-98 (Final) Definition of Contribution in Aid of
Construction under section 118(c).
Description: The regulations provide guidance with respect to Sec.
118(c), which provides that a contribution in aid of construction
received by a regulated public water or sewage utility is treated as a
contribution to the capital of the utility and excluded from gross
income.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 300 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. E7-24143 Filed 12-12-07; 8:45 am]
BILLING CODE 4830-01-P
