Submission for OMB Review; Comment Request, 43976-43977 [E8-17267]

Download as PDF jlentini on PROD1PC65 with NOTICES 43976 Federal Register / Vol. 73, No. 146 / Tuesday, July 29, 2008 / Notices support of the waiver petition to extend the deadlines for filing a Notice of Intent and providing a Detailed Plan. However, subsequent correspondence from WCL dated June 23, 2008, indicates that WCL has withdrawn its support for the City’s waiver petition, based upon the failure of the City and WCL to come to agreement on the terms of the public safety enhancements for the affected highway-rail grade crossings. Interested parties are invited to participate in these proceedings by submitting written views, data, or comments. In particular, the City is invited to provide additional written information about the steps that it has taken to reach agreement with WCL on the City’s request to extend the deadlines contained in 49 CFR 222.41(c)(2), as well as a written explanation as to why application of the joint submission requirement contained in 49 CFR 222.15(a) would not be likely to contribute significantly to public safety. FRA does not anticipate scheduling a public hearing in connection with these proceedings since the facts do not appear to warrant a hearing. If any interested party desires an opportunity for oral comment, they should notify FRA, in writing, before the end of the comment period and specify the basis for their request. All communications concerning these proceedings should identify the appropriate docket number (e.g., Waiver Petition Docket Number FRA–2008– 0067) and may be submitted by any of the following methods: • Web site: https:// www.regulations.gov. Follow the online instructions for submitting comments. • Fax: 202–493–2251. • Mail: Docket Operations Facility, U.S. Department of Transportation, 1200 New Jersey Avenue, SE., W12–140, Washington, DC 20590. • Hand Delivery: 1200 New Jersey Avenue, SE., Room W12–140, Washington, DC 20590, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. Communications received within 20 days of the date of this notice will be considered by FRA before final action is taken. Comments received after that date will be considered as far as practicable. All written communications concerning these proceedings are available for examination during regular business hours (9 a.m.–5 p.m.) at the above facility. All documents in the public docket are also available for inspection and copying on the Internet at the docket facility’s Web site at https://www.regulations.gov. VerDate Aug<31>2005 16:12 Jul 28, 2008 Jkt 214001 Anyone is able to search the electronic form of any written communications and comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). You may review DOT’s complete Privacy Act Statement in the Federal Register published on April 11, 2000 (Volume 65, Number 70; Pages 19477–78). Issued in Washington, DC on July 23, 2008. Grady C. Cothen, Jr., Deputy Associate Administrator for Safety Standards and Program Development. [FR Doc. E8–17394 Filed 7–28–08; 8:45 am] BILLING CODE 4910–06–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request July 22, 2008. 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 and to the Treasury Department Clearance Officer, Department of the Treasury, Room 11000, and 1750 Pennsylvania Avenue, NW., Washington, DC 20220. Dates: Written comments should be received on or before August 28, 2008 to be assured of consideration. Internal Revenue Service (IRS) OMB Number: 1545–1946. Type of Review: Extension. Title: PS–262–82 (Final) Definition of an S Corporation. Description: Section 1503(d) denies the use of the losses of one domestic corporation by another affiliated domestic corporation where the loss corporation is also subject to the income tax of a foreign country. This final regulation permits the domestic use of the loss if the loss has not been used in the foreign country provided a domestic use agreement is filed with the income tax return of the domestic affiliated group or domestic owner agreeing to recapture the loss into income upon a future foreign use of the loss. Respondents: Businesses or other forprofit institutions. PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 Estimated Total Burden Hours: 2,740 hours. OMB Number: 1545–1947. Type of Review: Extension. Title: REG–105346–03 (NPRM)— Partnership Equity For Services. Form: 8609. Description: The regulations provide that the transfer of a partnership interest in connection with the performance of services is subject to section 83 of the Code and provide rules for coordinating section 83 with partnership taxation principles. Respondents: Businesses or other forprofit institutions. Estimated Total Burden Hours: 112,500 hours. OMB Number: 1545–0854. Type of Review: Extension. Title: LR–1214 (Final) Discharge of Liens. Description: The Internal Revenue Service needs this information to determine if the taxpayer has equity in the property. This information will be used to determine the amount, if any, to which the tax lien attaches. Respondents: Businesses or other forprofit institutions. Estimated Total Burden Hours: 200 hours. OMB Number: 1545–1244. Type of Review: Extension. Title: PS–39–89 Limitation on Passive Activity Losses and Credits—Treatment on Self-Charged Items of Income and Expense. Description: The IRS will use this information to determine whether the entity has made a proper timely election and to determine that taxpayers are complying with the election in the taxable year of the election and subsequent taxable years. Respondents: Businesses or other forprofit institutions. Estimated Total Burden Hours: 150 hours. OMB Number: 1545–1771. Type of Review: Extension. Title: Revenue Procedure 2002–15, Automatic Relief for Late Initial Entity Classification Elections—Check the Box. Description: 26 CFR Sec. 301.9100–1 and Sec. 301–9100–3 provide the Internal Revenue Service with authority to grant relief for late entity classification elections. This revenue procedure provides that, in certain circumstances, taxpayers whose initial entity classification election was filed late can obtain relief by filing Form 8832 and attaching a statement explaining that the requirements of the revenue procedure have been met. Respondents: Businesses or other forprofit institutions. E:\FR\FM\29JYN1.SGM 29JYN1 jlentini on PROD1PC65 with NOTICES Federal Register / Vol. 73, No. 146 / Tuesday, July 29, 2008 / Notices Estimated Total Burden Hours: 100 hours. OMB Number: 1545–0863. Type of Review: Extension. Title: LR–218–78 (Final) Product Liability Losses and Accumulations for Product Liability Losses. Description: Generally, a taxpayer who sustains a product liability loss must carry the loss back 10 years. However, a taxpayer may elect to have such losses treated as a regular net operating loss under section 172. If desired, such election is made by attaching a statement to the tax return. This statement will enable the IRS to monitor compliance with the statutory requirements. Respondents: Businesses or other forprofit institutions. Estimated Total Burden Hours: 2,500 hours. OMB Number: 1545–1945. Type of Review: Extension. Title: Revenue Procedure 2001–21 Debt Roll-Ups. Description: This revenue procedure provides for an election that will facilitate the consolidation of two or more outstanding debt instruments into a single debt instrument. Under the election, taxpayers can treat certain exchanges of debt instruments as realization events for federal income tax purposes even though the exchanges do not result in significant modifications under Sec. 1.1001–33 of the Income Tax Regulations. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 75 hours. OMB Number: 1545–0897. Type of Review: Extension. Title: IA–62–91 (Final and Temporary) Capitalization and Inclusion in Inventory of Certain Costs. Description: The paperwork requirements are necessary to determine whether taxpayers comply with the cost allocation rules of section 263A and with the requirements for changing their methods of accounting. The information will be used to verify taxpayers’ changes in methods of accounting. Respondents: Businesses or other forprofit institutions. Estimated Total Burden Hours: 100,000 hours. OMB Number: 1545–0897. Type of Review: Extension. Title: REG–208156–91 (Final) Accounting for Long-Term Contracts. Description: The information collected is required to notify the Commissioner of a taxpayer’s decision to sever or aggregate one or more longterm contracts under the regulations. VerDate Aug<31>2005 16:12 Jul 28, 2008 Jkt 214001 The statement is needed so the Commissioner can determine whether the taxpayer properly severed or aggregated its contract(s). The regulations affect any taxpayer that manufactures or constructs property under long-term contracts. Respondents: Businesses or other forprofit institutions. Estimated Total Burden Hours: 12,500 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. E8–17267 Filed 7–28–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request July 23, 2008. 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 publication date 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 August 28, 2008 to be assured of consideration. Community Development Financial Institutions Fund OMB Number: 1559–0028. Type of Review: Extension. Title: The Community Development Financial Institutions Program— Certification Application. Form: CDFI–0005. Description: The certification application will be used to determine whether an entity seeking CDFI certification or recertification meets the Fund’s requirements for such certification as set forth in 12 CFR 1805.201. PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 43977 Respondents: Not-for-profit institutions. Estimated Total Burden Hours: 12,600 hours. Clearance Officer: Ashanti McCallum, (202) 622–9018, Community Development Financial Institutions Fund, Department of the Treasury, 601 13th Street, NW., Suite 200 South, Washington, DC 20005. 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. E8–17350 Filed 7–28–08; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request July 23, 2008. 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 August 28, 2008 to be assured of consideration. Financial Management Service (FMS) OMB Number: 1510–0052. Type of Review: Extension. Title: Financial Institution Agreement and Application Forms for Designation as a Treasury Tax and Loan Depositary and Resolution. Form: FMS–458 and –459. Description: Financial institutions are required to complete an Agreement and Application to participate in the Federal Tax Deposit/Treasury Tax and Loan Program. The approved application designates the depositary as an authorized recipient of taxpayers’ deposits for Federal taxes. Respondents: Businesses or other forprofit institutions. Estimated Total Burden Hours: 225 hours. E:\FR\FM\29JYN1.SGM 29JYN1

Agencies

[Federal Register Volume 73, Number 146 (Tuesday, July 29, 2008)]
[Notices]
[Pages 43976-43977]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-17267]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 22, 2008.
    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 and to the Treasury Department 
Clearance Officer, Department of the Treasury, Room 11000, and 1750 
Pennsylvania Avenue, NW., Washington, DC 20220.
    Dates: Written comments should be received on or before August 28, 
2008 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1946.
    Type of Review: Extension.
    Title: PS-262-82 (Final) Definition of an S Corporation.
    Description: Section 1503(d) denies the use of the losses of one 
domestic corporation by another affiliated domestic corporation where 
the loss corporation is also subject to the income tax of a foreign 
country. This final regulation permits the domestic use of the loss if 
the loss has not been used in the foreign country provided a domestic 
use agreement is filed with the income tax return of the domestic 
affiliated group or domestic owner agreeing to recapture the loss into 
income upon a future foreign use of the loss.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 2,740 hours.

    OMB Number: 1545-1947.
    Type of Review: Extension.
    Title: REG-105346-03 (NPRM)--Partnership Equity For Services.
    Form: 8609.
    Description: The regulations provide that the transfer of a 
partnership interest in connection with the performance of services is 
subject to section 83 of the Code and provide rules for coordinating 
section 83 with partnership taxation principles.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 112,500 hours.

    OMB Number: 1545-0854.
    Type of Review: Extension.
    Title: LR-1214 (Final) Discharge of Liens.
    Description: The Internal Revenue Service needs this information to 
determine if the taxpayer has equity in the property. This information 
will be used to determine the amount, if any, to which the tax lien 
attaches.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 200 hours.

    OMB Number: 1545-1244.
    Type of Review: Extension.
    Title: PS-39-89 Limitation on Passive Activity Losses and Credits--
Treatment on Self-Charged Items of Income and Expense.
    Description: The IRS will use this information to determine whether 
the entity has made a proper timely election and to determine that 
taxpayers are complying with the election in the taxable year of the 
election and subsequent taxable years.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 150 hours.

    OMB Number: 1545-1771.
    Type of Review: Extension.
    Title: Revenue Procedure 2002-15, Automatic Relief for Late Initial 
Entity Classification Elections--Check the Box.
    Description: 26 CFR Sec. 301.9100-1 and Sec. 301-9100-3 provide the 
Internal Revenue Service with authority to grant relief for late entity 
classification elections. This revenue procedure provides that, in 
certain circumstances, taxpayers whose initial entity classification 
election was filed late can obtain relief by filing Form 8832 and 
attaching a statement explaining that the requirements of the revenue 
procedure have been met.
    Respondents: Businesses or other for-profit institutions.

[[Page 43977]]

    Estimated Total Burden Hours: 100 hours.

    OMB Number: 1545-0863.
    Type of Review: Extension.
    Title: LR-218-78 (Final) Product Liability Losses and Accumulations 
for Product Liability Losses.
    Description: Generally, a taxpayer who sustains a product liability 
loss must carry the loss back 10 years. However, a taxpayer may elect 
to have such losses treated as a regular net operating loss under 
section 172. If desired, such election is made by attaching a statement 
to the tax return. This statement will enable the IRS to monitor 
compliance with the statutory requirements.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 2,500 hours.

    OMB Number: 1545-1945.
    Type of Review: Extension.
    Title: Revenue Procedure 2001-21 Debt Roll-Ups.
    Description: This revenue procedure provides for an election that 
will facilitate the consolidation of two or more outstanding debt 
instruments into a single debt instrument. Under the election, 
taxpayers can treat certain exchanges of debt instruments as 
realization events for federal income tax purposes even though the 
exchanges do not result in significant modifications under Sec. 1.1001-
33 of the Income Tax Regulations.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 75 hours.

    OMB Number: 1545-0897.
    Type of Review: Extension.
    Title: IA-62-91 (Final and Temporary) Capitalization and Inclusion 
in Inventory of Certain Costs.
    Description: The paperwork requirements are necessary to determine 
whether taxpayers comply with the cost allocation rules of section 263A 
and with the requirements for changing their methods of accounting. The 
information will be used to verify taxpayers' changes in methods of 
accounting.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 100,000 hours.

    OMB Number: 1545-0897.
    Type of Review: Extension.
    Title: REG-208156-91 (Final) Accounting for Long-Term Contracts.
    Description: The information collected is required to notify the 
Commissioner of a taxpayer's decision to sever or aggregate one or more 
long-term contracts under the regulations. The statement is needed so 
the Commissioner can determine whether the taxpayer properly severed or 
aggregated its contract(s). The regulations affect any taxpayer that 
manufactures or constructs property under long-term contracts.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 12,500 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. E8-17267 Filed 7-28-08; 8:45 am]
BILLING CODE 4830-01-P
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