Submission for OMB Review; Comment Request, 55203-55205 [E8-22325]
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Federal Register / Vol. 73, No. 186 / Wednesday, September 24, 2008 / Notices
transactions to the Department of the
Treasury.
Respondents: Individuals or
household.
Estimated Total Reporting Burden:
878,400 hours.
Clearance Officer: Russell Stephenson
(202) 354–6012, Department of the
Treasury, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA
22183.
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. E8–22321 Filed 9–23–08; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
jlentini on PROD1PC65 with NOTICES
September 17, 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, 1750
Pennsylvania Avenue, NW.,
Washington, DC 20220.
DATES: Written comments should be
received on or before October 24, 2008
to be assured of consideration.
Alcohol and Tobacco Tax and Trade
Bureau (TTB)
OMB Number: 1513–0103.
Type of Review: Extension.
Title: Tobacco Bond—Collateral and
Tobacco Bond—Surety.
Forms: TTB F 5200.25, TTB F
5200.26.
Description: TTB requires a corporate
surety bond or a collateral bond to
ensure payment of the excise tax on
tobacco products (TP) and cigarette
paper and tubes (CP&T) removed from
the factory or warehouse. These TTB
forms identify the agreement to pay and
the person from which TTB will attempt
to collect any unpaid excise tax.
Manufactures of TP or CP&T, export
warehouse proprietors, and corporate
sureties, if applicable, are the
respondents for these forms.
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Respondents: Businesses or other forprofit institutions
Estimated Total Burden Hours: 25
hours
OMB Number: 1513–0053
Type of Review: Extension
Title: Report of Wine Premises
Operations
Form: TTB F 5120.17
Description: This report is used to
monitor wine operations, ensure
collection of wine tax revenue, and
ensure wine is produced in accordance
with law and regulations. This report
also provides raw data for TTB’s
monthly statistical release on wine.
Respondents: Business and other for
profits.
Estimated Total Burden Hours: 29,616
hours.
OMB Number: 1513–0030.
Type of Review: Extension.
Title: Claim—Alcohol, Tobacco, and
Firearms Taxes.
Form: TTB F 5620.8, TTB F 5629.8.
Description: This form is used by
taxpayers to show the basis for a credit
remission and allowance of tax on loss
of taxable articles, to request a refund or
abatement on taxes excessively or
erroneously collected, and to request a
drawback of tax paid on distilled spirits
used in the production on non-beverage
products.
Respondents: Business and other for
profits.
Estimated Total Burden Hours: 10,000
hours.
Clearance Officer: Frank Foote (202)
927–9347, Alcohol and Tobacco Tax
and Trade Bureau, Room 200 East, 1310
G Street, NW., 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. E8–22322 Filed 9–23–08; 8:45 am]
BILLING CODE 4810–31–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
September 18, 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
PO 00000
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55203
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 October 24, 2008
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–1488.
Type of Review: Extension.
Title: REG–209837–96 (TD 8719
(Final)) Requirements Respecting the
Adoption or Change of Accounting
Method, Extensions of Time to Make
Elections.
Description: The regulations provide
the standards the Commissioner will
use to determine whether to grant an
extension of time to make certain
elections.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 5,000
hours.
OMB Number: 1545–0877.
Type of Review: Revision.
Title: Acquisition or Abandonment of
Secured Property.
Form: 1099–A.
Description: Form 1099–A is used by
lenders to report foreclosures and
abandonments of property that is
security for a loan.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours: 61,817
hours.
OMB Number: 1545–1677.
Type of Review: Extension.
Title: REG–136311–01 (Final)
Exclusions From Gross Income of
Foreign Corporations (TD 9087).
Description: This document contains
rules implementing the portions of
section 883(a) and (c) of the Internal
Revenue Code that relate to income
derived by foreign corporations from the
international operation of a ship or
ships or aircraft. The rules provide, in
general, that a foreign corporation
organized in a qualified foreign country
and engaged in the international
operation of ships or aircraft shall
exclude qualified income from gross
income for purposes of United States
Federal income taxation, provided that
the corporation can satisfy certain
ownership and related documentation
requirements.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 23,900
hours.
OMB Number: 1545–1393.
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55204
Federal Register / Vol. 73, No. 186 / Wednesday, September 24, 2008 / Notices
Type of Review: Extension.
Title: EE–14–81 (NPRM) Deductions
and Reductions in Earnings and Profits
(or Accumulated Profits) With Respect
to Certain Foreign Deferred
Compensation Plans Maintained by
Certain Foreign Corporations.
Description: The regulation provides
guidance regarding the limitations on
deductions and adjustments to earnings
and profits (or accumulated profits) for
certain foreign deferred compensation
plans. Respondents will be
multinational corporations.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours:
634,450 hours.
OMB Number: 1545–1654.
Type of Review: Extension.
Title: REG–106527–98 (Final) Capital
Gains, Partnership and Subchapter S,
and Trust Provisions.
Description: Section 1(h) requires that
transferors recognize collectibles gain
when an interest in an S corporation,
trust, or a partnership holding property
with collectibles gain is sold or
exchanged and that partners take
section 1250 capital gain in the
partnership property into account when
an interest in the partnership is sold or
exchanged. These regulations provide
guidance.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours: 1
hour.
OMB Number: 1545–1927.
Type of Review: Extension.
Title: IRS e-file Electronic Funds
Withdrawal Authorization for Form
7004.
Form: 8878–A.
Description: Form 8878–A is used by
a corporate officer or agent and an
electronic return originator (ERO) to use
a personal identification number (PIN)
to authorize an electronic funds
withdrawal for a tax payment made
with a request to extend the filing due
date for a corporate income tax return.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours:
505,400 hours.
OMB Number: 1545–1398.
Type of Review: Extension.
Title: Race and National Origin
Identification.
Form: 9620.
Description: Form 9620 is an optically
scannable form that is used to collect
race and national origin data on all IRS
employees and new hires. The form is
a valuable tool in allowing the IRS to
meet its diversity/EEO goals and as a
component of its referral and tracking
system and recruitment program.
VerDate Aug<31>2005
17:26 Sep 23, 2008
Jkt 214001
Respondents: Individuals or
households.
Estimated Total Burden Hours: 2,500
hours.
OMB Number: 1545–1934.
Type of Review: Extension.
Title: TD 9394 (REG–108524–00)
(Final)—section 1446 Regulations; Form
8804–C—Certificate of Partner-Level
Items to Reduce section 1446
Withholding.
Form: 8804–C.
Description: This regulation
implements withholding regime on
partnerships conducting business in the
United States that have foreign partners.
Such partners are required to pay
withholding tax in installments on each
foreign partner’s allocable share of the
partnership’s U.S. Business taxable
income. Special rules for publicly
traded partnerships such that these
partnerships pay withholding tax on
distributions to foreign partners.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 18,168
hours.
OMB Number: 1545–1644.
Type of Review: Extension.
Title: REG–126024–01 (final)
Reporting of Gross Proceeds Payment to
Attorneys; TD 9270.
Description: Information is required to
implement section 1021 of the Taxpayer
Relief Act of 1997. This information will
be used by the IRS to verify compliance
with section 6045 and to determine that
the taxable amount of these payments
has been computed correctly.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 1
hour.
OMB Number: 1545–0096.
Type of Review: Revision.
Title: Form 1042, Annual
Withholding Tax Return for U.S. Source
Income of Foreign Persons; Form 1042–
S, Foreign Person’s U.S. Source Income
Subject to Withholding, Form 1042–T,
Annual Summary.
From: 1042.
Description: Form 1042 is used by
withholding agents to report tax
withheld at source on certain income
paid to nonresident alien individuals,
foreign partnerships, and foreign
corporations to the IRS. Form 1042–S is
used by withholding agents to report
income and tax withheld to payees. A
copy of each 1042–S is filed
magnetically or with Form 1042 for
information reporting purposes. The IRS
uses this information to verify that the
correct amount of tax has been withheld
and paid to the United States. Form
1042–T is used by withholding agents to
transmit Forms 1042–S to the IRS.
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Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours:
397,100 hours.
OMB Number: 1545–1798.
Type of Review: Revision.
Title: User Fee for Exempt
Organization Determination Letter
Request.
Form: 8718.
Description: The Omnibus
Reconciliation Act of 1990 requires
payment of a ‘‘user fee’’ with each
application for a determination letter.
Because of this requirement, the Form
8718 was created to provide filers the
means to make payment and indicate
the type of request.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 16,667
hours.
OMB Number: 1545–0119.
Type of Review: Extension.
Title: Distributions From Pensions,
Annuities, Retirement or Profit-Sharing
Plans, IRAs, Insurance Contracts, etc.
Form: 1099–R.
Description: Form 1099–R is used to
report distributions from pensions,
annuities, profit-sharing or retirement
plans, IRAs, and the surrender of
insurance contracts. This information is
used by IRS to verify that income has
been properly reported by the recipient.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours:
18,704,546 hours.
OMB Number: 1545–0748.
Type of Review: Extension.
Title: Employer Appointment of
Agent.
Form: 2678.
Description: 26 U.S.C. 3504 authorizes
an employer to designate a fiduciary,
agent, etc., to perform the same acts as
required of employers for purposes of
employment taxes.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours: 47,600
hours.
OMB Number: 1545–1484.
Type of Review: Extension.
Title: REG–242282–97 (formerly Intl62–90, Intl–32–93, Intl–52–86, and Intl–
52–94) (Final) General Revision of
Regulations Relating to Withholding of
Tax on Certain U.S. Source Income Paid
to Foreign Corporations.
Description: The regulations are
needed to provide guidance relating to
the withholding of income of
nonresident alien individuals and
foreign corporations.
Respondents: Businesses and other
for-profit institutions.
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jlentini on PROD1PC65 with NOTICES
Federal Register / Vol. 73, No. 186 / Wednesday, September 24, 2008 / Notices
Estimated Total Burden Hours: 1
hour.
OMB Number: 1545–1591.
Type of Review: Extension.
Title: Reg–251701–96 Electing Small
Business Trusts.
Description: This regulation provides
the time and manner for making the
Electing Small Business Trust election
pursuant to section 1361 (e)(3).
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours: 7,500
hours.
OMB Number: 1545–1364.
Type of Review: Revision.
Title: EG–144615–02 (NPRM),
Methods to Determine Taxable Income
in Connection with a Cost Sharing
Arrangement.
Description: The collection of
information related to the IRS’s
assessment of whether a cost sharing
arrangement is valid, and whether each
participant’s share of costs is
proportionate to the participants share
of benefits, and whether arm’s length
compensation has been paid to those
participants providing external
contributions such that an appropriate
return is provided to those participants
for putting their funds at risk to a greater
extent than the other participants.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 9,350
hours.
OMB Number: 1545–1005.
Type of Review: Extension.
Title: PS–62–87 (Final) Low-Income
Housing Credit for Federally-Assisted
Buildings.
Description: The rule requires the
taxpayer (low-income building owner)
to seek a waiver in writing from the IRS
concerning low-income buildings
acquired during a special 10-year period
in order to avert a claim against a
Federal mortgage insurance fund.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours: 3,000
hours.
OMB Number: 1545–0819.
Type of Review: Extension.
Title: 26 CFR 601.201 Instructions for
Requesting Rulings and Determination
Letters.
Description: The National Office
issues ruling letters and Area Directors
issue determination letters to taxpayers
interpreting and applying the tax laws
to a specific set of facts. The National
Office also issues other types of letters.
The procedural regulations set forth the
instructions for requesting ruling and
determination letters.
Respondents: Businesses or other forprofit institutions.
VerDate Aug<31>2005
17:26 Sep 23, 2008
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55205
Estimated Total Burden Hours:
248,496 hours.
Executive Office Building, Washington,
DC 20503.
OMB Number: 1545–1937.
Type of Review: Extension.
Title: Notice 2005–41, Guidance
Regarding Qualified Intellectual
Property Contributions.
Description: This notice explains new
section 170(e)(1)(B)(iii) and 170(m) as
added by section 882 of the American
Jobs Creation Act of 2004. Under section
170(e)(1)(B)(iii), a donor’s initial
charitable contribution deduction for a
gift of qualified intellectual property is
limited to the lesser of the donor’s
adjusted basis is the property or its fair
market value. Under section 170(m), the
donor may claim additional deduction
in subsequent years if the property
produces income.
Respondents: Businesses and other
for-profit institutions.
Estimated Total Burden Hours: 30
hours.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E8–22325 Filed 9–23–08; 8:45 am]
OMB Number: 1545–1936.
Type of Review: Extension.
Title: Revenue Procedure 2005–24,
Waiver of Spousal Election.
Description: This revenue procedure
provides guidance on the procedures for
waiving a spousal election right with
respect to charitable remainder annuity
trusts under section 664(d)(1) and
charitable remainder unitrusts under
section 664(d)(2) that are established
after the date that is 90 days after the
date the Rev. Proc. is published in the
IRB.
Respondents: Businesses or other forprofit institutions.
Estimated Total Burden Hours:
150,000 hours.
OMB Number: 1545–1490.
Type of Review: Extension.
Title: FI–28–96 (Final) Arbitrage
Restrictions on Tax-Exempt Bonds.
Description: The recordkeeping
requirements are necessary for the
Service to determine that an issuer of
tax-exempt bonds has not paid more
than fair market value for nonpurpose
investments under section 148 of the
Internal Revenue Code.
Respondents: State, Local, or Tribal
Governments.
Estimated Total Burden Hours: 1,425
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
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BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Departmental Offices; Proposed
Collections; Comment Requests
Notice and request for
comments.
ACTION:
SUMMARY: The Department of the
Treasury, as part of its continuing effort
to reduce paperwork burdens, invites
the general public and other Federal
agencies to comment on the revision of
an information collection that is
proposed for approval by the Office of
Management and Budget. The Office of
International Affairs within the
Department of the Treasury is soliciting
comments concerning Treasury
International Capital Form S, Purchases
and Sales of Long-term Securities by
Foreigners.
DATES: Written comments should be
received on or before November 24,
2008 to be assured of consideration.
ADDRESSES: Direct all written comments
to Dwight Wolkow, International
Portfolio Investment Data Systems,
Department of the Treasury, Room 5422,
1500 Pennsylvania Avenue NW.,
Washington, DC 20220. In view of
possible delays in mail delivery, please
also notify Mr. Wolkow by e-mail
(dwight.wolkow@do.treas.gov), FAX
(202–622–2009) or telephone (202–622–
1276).
FOR FURTHER INFORMATION CONTACT:
Copies of the proposed forms and
instructions are available on the
Treasury’s TIC Forms Web page, https://
www.treas.gov/tic/forms.html. Requests
for additional information should be
directed to Mr. Wolkow.
SUPPLEMENTARY INFORMATION:
Title: Treasury International Capital
Form S, Purchases and Sales of Longterm Securities by Foreigners.
OMB Control Number: 1505–0001.
Abstract: Form S is part of the
Treasury International Capital (TIC)
reporting system, which is required by
law (22 U.S.C. 286f; 22 U.S.C. 3103; E.O.
10033; 31 CFR part 128), and is
designed to collect timely information
on international portfolio capital
movements. Form S is a monthly report
used to cover transactions in long-term
marketable securities undertaken
DIRECTLY with foreigners by banks,
other depository institutions, brokers,
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]]>Agencies
[Federal Register Volume 73, Number 186 (Wednesday, September 24, 2008)]
[Notices]
[Pages 55203-55205]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-22325]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
September 18, 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, and 1750
Pennsylvania Avenue, NW., Washington, DC 20220.
Dates: Written comments should be received on or before October 24,
2008 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1488.
Type of Review: Extension.
Title: REG-209837-96 (TD 8719 (Final)) Requirements Respecting the
Adoption or Change of Accounting Method, Extensions of Time to Make
Elections.
Description: The regulations provide the standards the Commissioner
will use to determine whether to grant an extension of time to make
certain elections.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 5,000 hours.
OMB Number: 1545-0877.
Type of Review: Revision.
Title: Acquisition or Abandonment of Secured Property.
Form: 1099-A.
Description: Form 1099-A is used by lenders to report foreclosures
and abandonments of property that is security for a loan.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 61,817 hours.
OMB Number: 1545-1677.
Type of Review: Extension.
Title: REG-136311-01 (Final) Exclusions From Gross Income of
Foreign Corporations (TD 9087).
Description: This document contains rules implementing the portions
of section 883(a) and (c) of the Internal Revenue Code that relate to
income derived by foreign corporations from the international operation
of a ship or ships or aircraft. The rules provide, in general, that a
foreign corporation organized in a qualified foreign country and
engaged in the international operation of ships or aircraft shall
exclude qualified income from gross income for purposes of United
States Federal income taxation, provided that the corporation can
satisfy certain ownership and related documentation requirements.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 23,900 hours.
OMB Number: 1545-1393.
[[Page 55204]]
Type of Review: Extension.
Title: EE-14-81 (NPRM) Deductions and Reductions in Earnings and
Profits (or Accumulated Profits) With Respect to Certain Foreign
Deferred Compensation Plans Maintained by Certain Foreign Corporations.
Description: The regulation provides guidance regarding the
limitations on deductions and adjustments to earnings and profits (or
accumulated profits) for certain foreign deferred compensation plans.
Respondents will be multinational corporations.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 634,450 hours.
OMB Number: 1545-1654.
Type of Review: Extension.
Title: REG-106527-98 (Final) Capital Gains, Partnership and
Subchapter S, and Trust Provisions.
Description: Section 1(h) requires that transferors recognize
collectibles gain when an interest in an S corporation, trust, or a
partnership holding property with collectibles gain is sold or
exchanged and that partners take section 1250 capital gain in the
partnership property into account when an interest in the partnership
is sold or exchanged. These regulations provide guidance.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-1927.
Type of Review: Extension.
Title: IRS e-file Electronic Funds Withdrawal Authorization for
Form 7004.
Form: 8878-A.
Description: Form 8878-A is used by a corporate officer or agent
and an electronic return originator (ERO) to use a personal
identification number (PIN) to authorize an electronic funds withdrawal
for a tax payment made with a request to extend the filing due date for
a corporate income tax return.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 505,400 hours.
OMB Number: 1545-1398.
Type of Review: Extension.
Title: Race and National Origin Identification.
Form: 9620.
Description: Form 9620 is an optically scannable form that is used
to collect race and national origin data on all IRS employees and new
hires. The form is a valuable tool in allowing the IRS to meet its
diversity/EEO goals and as a component of its referral and tracking
system and recruitment program.
Respondents: Individuals or households.
Estimated Total Burden Hours: 2,500 hours.
OMB Number: 1545-1934.
Type of Review: Extension.
Title: TD 9394 (REG-108524-00) (Final)--section 1446 Regulations;
Form 8804-C--Certificate of Partner-Level Items to Reduce section 1446
Withholding.
Form: 8804-C.
Description: This regulation implements withholding regime on
partnerships conducting business in the United States that have foreign
partners. Such partners are required to pay withholding tax in
installments on each foreign partner's allocable share of the
partnership's U.S. Business taxable income. Special rules for publicly
traded partnerships such that these partnerships pay withholding tax on
distributions to foreign partners.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 18,168 hours.
OMB Number: 1545-1644.
Type of Review: Extension.
Title: REG-126024-01 (final) Reporting of Gross Proceeds Payment to
Attorneys; TD 9270.
Description: Information is required to implement section 1021 of
the Taxpayer Relief Act of 1997. This information will be used by the
IRS to verify compliance with section 6045 and to determine that the
taxable amount of these payments has been computed correctly.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-0096.
Type of Review: Revision.
Title: Form 1042, Annual Withholding Tax Return for U.S. Source
Income of Foreign Persons; Form 1042-S, Foreign Person's U.S. Source
Income Subject to Withholding, Form 1042-T, Annual Summary.
From: 1042.
Description: Form 1042 is used by withholding agents to report tax
withheld at source on certain income paid to nonresident alien
individuals, foreign partnerships, and foreign corporations to the IRS.
Form 1042-S is used by withholding agents to report income and tax
withheld to payees. A copy of each 1042-S is filed magnetically or with
Form 1042 for information reporting purposes. The IRS uses this
information to verify that the correct amount of tax has been withheld
and paid to the United States. Form 1042-T is used by withholding
agents to transmit Forms 1042-S to the IRS.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 397,100 hours.
OMB Number: 1545-1798.
Type of Review: Revision.
Title: User Fee for Exempt Organization Determination Letter
Request.
Form: 8718.
Description: The Omnibus Reconciliation Act of 1990 requires
payment of a ``user fee'' with each application for a determination
letter. Because of this requirement, the Form 8718 was created to
provide filers the means to make payment and indicate the type of
request.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 16,667 hours.
OMB Number: 1545-0119.
Type of Review: Extension.
Title: Distributions From Pensions, Annuities, Retirement or
Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
Form: 1099-R.
Description: Form 1099-R is used to report distributions from
pensions, annuities, profit-sharing or retirement plans, IRAs, and the
surrender of insurance contracts. This information is used by IRS to
verify that income has been properly reported by the recipient.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 18,704,546 hours.
OMB Number: 1545-0748.
Type of Review: Extension.
Title: Employer Appointment of Agent.
Form: 2678.
Description: 26 U.S.C. 3504 authorizes an employer to designate a
fiduciary, agent, etc., to perform the same acts as required of
employers for purposes of employment taxes.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 47,600 hours.
OMB Number: 1545-1484.
Type of Review: Extension.
Title: REG-242282-97 (formerly Intl-62-90, Intl-32-93, Intl-52-86,
and Intl-52-94) (Final) General Revision of Regulations Relating to
Withholding of Tax on Certain U.S. Source Income Paid to Foreign
Corporations.
Description: The regulations are needed to provide guidance
relating to the withholding of income of nonresident alien individuals
and foreign corporations.
Respondents: Businesses and other for-profit institutions.
[[Page 55205]]
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-1591.
Type of Review: Extension.
Title: Reg-251701-96 Electing Small Business Trusts.
Description: This regulation provides the time and manner for
making the Electing Small Business Trust election pursuant to section
1361 (e)(3).
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 7,500 hours.
OMB Number: 1545-1364.
Type of Review: Revision.
Title: EG-144615-02 (NPRM), Methods to Determine Taxable Income in
Connection with a Cost Sharing Arrangement.
Description: The collection of information related to the IRS's
assessment of whether a cost sharing arrangement is valid, and whether
each participant's share of costs is proportionate to the participants
share of benefits, and whether arm's length compensation has been paid
to those participants providing external contributions such that an
appropriate return is provided to those participants for putting their
funds at risk to a greater extent than the other participants.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 9,350 hours.
OMB Number: 1545-1005.
Type of Review: Extension.
Title: PS-62-87 (Final) Low-Income Housing Credit for Federally-
Assisted Buildings.
Description: The rule requires the taxpayer (low-income building
owner) to seek a waiver in writing from the IRS concerning low-income
buildings acquired during a special 10-year period in order to avert a
claim against a Federal mortgage insurance fund.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 3,000 hours.
OMB Number: 1545-0819.
Type of Review: Extension.
Title: 26 CFR 601.201 Instructions for Requesting Rulings and
Determination Letters.
Description: The National Office issues ruling letters and Area
Directors issue determination letters to taxpayers interpreting and
applying the tax laws to a specific set of facts. The National Office
also issues other types of letters. The procedural regulations set
forth the instructions for requesting ruling and determination letters.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 248,496 hours.
OMB Number: 1545-1937.
Type of Review: Extension.
Title: Notice 2005-41, Guidance Regarding Qualified Intellectual
Property Contributions.
Description: This notice explains new section 170(e)(1)(B)(iii) and
170(m) as added by section 882 of the American Jobs Creation Act of
2004. Under section 170(e)(1)(B)(iii), a donor's initial charitable
contribution deduction for a gift of qualified intellectual property is
limited to the lesser of the donor's adjusted basis is the property or
its fair market value. Under section 170(m), the donor may claim
additional deduction in subsequent years if the property produces
income.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 30 hours.
OMB Number: 1545-1936.
Type of Review: Extension.
Title: Revenue Procedure 2005-24, Waiver of Spousal Election.
Description: This revenue procedure provides guidance on the
procedures for waiving a spousal election right with respect to
charitable remainder annuity trusts under section 664(d)(1) and
charitable remainder unitrusts under section 664(d)(2) that are
established after the date that is 90 days after the date the Rev.
Proc. is published in the IRB.
Respondents: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 150,000 hours.
OMB Number: 1545-1490.
Type of Review: Extension.
Title: FI-28-96 (Final) Arbitrage Restrictions on Tax-Exempt Bonds.
Description: The recordkeeping requirements are necessary for the
Service to determine that an issuer of tax-exempt bonds has not paid
more than fair market value for nonpurpose investments under section
148 of the Internal Revenue Code.
Respondents: State, Local, or Tribal Governments.
Estimated Total Burden Hours: 1,425 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. E8-22325 Filed 9-23-08; 8:45 am]
BILLING CODE 4830-01-P
