Submission for OMB Review; Comment Request, 43977 [E8-17350]

Download as PDF 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]
[Page 43977]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-17350]


-----------------------------------------------------------------------

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.
    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
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