Submission for OMB Review; Comment Request, 59030-59031 [E9-27446]

Download as PDF 59030 Federal Register / Vol. 74, No. 219 / Monday, November 16, 2009 / Notices changes the effects of which might be characterized as de minimis, it should consult the agency before preparing and submitting a petition to modify. Authority: 49 U.S.C. 33106; delegation of authority at 49 CFR 1.50. Issued on: November 6, 2009. Stephen R. Kratzke, Associate Administrator for Rulemaking. [FR Doc. E9–27360 Filed 11–13–09; 8:45 am] BILLING CODE 4910–59–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request November 10, 2009. 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 December 16, 2009 to be assured of consideration. mstockstill on DSKH9S0YB1PROD with NOTICES Internal Revenue Service (IRS) OMB Number: 1545–1593. Type of Review: Extension. Title: U.S. Income Tax Return for Qualified Funeral Trusts. Form: 1041–QFT. Description: IRC section 685 allows the trustee of a qualified funeral trust to elect to report and pay the tax for the trust. Data is used to determine that the trustee filed the proper return and paid the correct tax. Respondents: Businesses or other forprofits. Estimated Total Burden Hours: 270,150 hours. OMB Number: 1545–0130. Type of Review: Revision. Title: U.S. Income Tax Return for an S Corporation. Form: 1120S, Schedule D (Form 1120S), Schedule K–1 (Form 1120S), and Schedule M–3 (Form 1120S). Description: Form 1120S, Schedule D (Form 1120S), Schedule K–1 (Form 1120S), and Schedule M–3 (Form 1120S) are used by an S corporation to figure its tax liability, and income and VerDate Nov<24>2008 16:41 Nov 13, 2009 Jkt 220001 other tax-related information to pass through to its shareholders. Schedule K–1 is used to report to shareholders their share of the corporation’s income, deductions, credits, etc. IRS uses the information to determine the correct tax for the S corporation and its shareholders. Respondents: Businesses or other forprofits. Estimated Total Burden Hours: 420,945,980 hours. OMB Number: 1545–0192. Type of Review: Revision. Title: Tax on Accumulation Distribution of Trusts. Form: 4970. Description: Form 4970 is used by a beneficiary of a domestic or foreign trust to compute the tax adjustment attributable to an accumulation distribution. The form is used to verify whether the correct tax has been paid on the accumulation distribution. Respondents: Individuals or households. Estimated Total Burden Hours: 42,900 hours. OMB Number: 1545–0935. Type of Review: Revision. Title: U.S. Income Tax Return of a Foreign Sales Corporations; Schedule P, Transfer Price or Commission. Form: 1120–FSC, Schedule P (Form 1120–FSC). Description: Form 1120–FSC is filed by foreign corporations that have elected to be FSCs or small FSCs. The FSC uses Form 1120–FSC to report income and expenses and to figure its tax liability. IRS uses Form 1120–FSC and Schedule P (Form 1120–FSC) to determine whether the FSC has correctly reported its income and expenses and figured its tax liability correctly. Respondents: Businesses or other forprofits. Estimated Total Burden Hours: 1,088,250 hours. OMB Number: 1545–0956. Type of Review: Revision. Title: Annual Return of OneParticipant (Owners and Their Spouses) Retirement Plan. Form: 5500–EZ. Description: Form 5500–EZ is an annual return filed by a one-participant or one-participant and spouse pension plan. The IRS uses this data to determine if the plan appears to be operating properly as required under the law or whether the plan should be audited. Respondents: Businesses or other forprofits. Estimated Total Burden Hours: 7,005,000 hours. PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 OMB Number: 1545–1359. Type of Review: Extension. Title: Information Reporting by Passport and Permanent Residence Applicants INTL–978–86 (NPRM). Description: The regulation requires applicants for passports and permanent residence status to report certain tax information on the applications. The regulations are intended to give the Service notice of non-filers and of persons with foreign source income not subject to normal withholding, and to notify such persons of their duty to file U.S. tax returns. Respondents: Individuals or households. Estimated Total Burden Hours: 750,000 hours. OMB Number: 1545–1432. Type of Review: Extension. Title: Voluntary Customer Surveys to Implement E.O. 12862 Coordinated by the Corporate Planning and Performance Division on Behalf of All IRS Operations Functions. Description: This is a generic clearance for an undefined number of customer satisfaction and opinion surveys and focus group interviews to be conducted over the next three years. Surveys and focus groups conducted under the generic clearance are used by the Internal Revenue Service to determine levels of customer satisfaction as well as determining issues that contribute to customer burden. This information will be used to make quality improvements to products and services. Respondents: Businesses or other forprofits. Estimated Total Burden Hours: 150,000 hours. OMB Number: 1545–1964. Type of Review: Revision. Title: Intake/Interview & Quality Review Sheet. Form: 13614–C, 13614–C (SP). Description: The SPEC function developed the Form 13614–C, Intake/ Interview & Quality Review Sheet that contains a standardized list of required intake and quality review questions to guide volunteers in asking taxpayers basic questions about themselves and conducting a quality review of the completed return. The intake/interview and quality review sheet is an effective tool for ensuring critical taxpayer information is obtained and applied during the interview and completion of the tax return process. Respondents: Individuals or Households. Estimated Total Burden Hours: 562,583 hours. Clearance Officer: R. Joseph Durbala, (202) 622–3634, Internal Revenue E:\FR\FM\16NON1.SGM 16NON1 Federal Register / Vol. 74, No. 219 / Monday, November 16, 2009 / Notices Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. OMB Reviewer: Shagufta Ahmed, (202) 395–7873, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503. Celina Elphage, Treasury PRA Clearance Officer. [FR Doc. E9–27446 Filed 11–13–09; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Departmental Offices; Proposed Collection; Comment Request ACTION: Notice and request for comments. mstockstill on DSKH9S0YB1PROD with NOTICES 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 Office of Financial Stability within the Department of the Treasury is soliciting comments concerning the service application for the Making Home Affordable Participants. DATES: Written comments should be received on or before January 15, 2010 to be assured of consideration. VerDate Nov<24>2008 16:41 Nov 13, 2009 Jkt 220001 Direct all written comments to Department of the Treasury, Bruce Turner, 1500 Pennsylvania Avenue, NW., Washington, DC 20220. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form(s) and instructions should be directed as above. SUPPLEMENTARY INFORMATION: Title: TARP—Making Home Affordable Participants. OMB Number: 1505–0216. Abstract: Authorized under the Emergency Economic Stabilization Act (EESA) of 2008 (Pub. L. 110–343), the Department of the Treasury has implemented several aspects of the Troubled Asset Relief Program. Among these components is a voluntary foreclosure prevention program— Making Home Affordable (MHA) program, under which the Department will use TARP capital to lower the mortgage payments of qualifying borrowers. The Treasury will do this through agreements with mortgage servicers to modify loans on their systems. All servicers are eligible to participate in the program. The information will be used to set the servicers up on the data system, ensure that the servicers can be paid for the loan modifications that they undertake, check for compliance, and report out on the effectiveness of the program. Current Actions: Continuation of application. Type of Review: Extension. Affected Public: Financial Institutions. ADDRESSES: PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 59031 Estimated Number of Respondents: 130. Estimated Total Annual Burden Hours: 5,985 hours. 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. Dated: November 9, 2009. Daniel Abramowitz, Office of Financial Stability PRA Program Officer. [FR Doc. E9–27484 Filed 11–13–09; 8:45 am] BILLING CODE 4810–25–P E:\FR\FM\16NON1.SGM 16NON1

Agencies

[Federal Register Volume 74, Number 219 (Monday, November 16, 2009)]
[Notices]
[Pages 59030-59031]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-27446]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 10, 2009.
    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 December 
16, 2009 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1593.
    Type of Review: Extension.
    Title: U.S. Income Tax Return for Qualified Funeral Trusts.
    Form: 1041-QFT.
    Description: IRC section 685 allows the trustee of a qualified 
funeral trust to elect to report and pay the tax for the trust. Data is 
used to determine that the trustee filed the proper return and paid the 
correct tax.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 270,150 hours.

    OMB Number: 1545-0130.
    Type of Review: Revision.
    Title: U.S. Income Tax Return for an S Corporation.
    Form: 1120S, Schedule D (Form 1120S), Schedule K-1 (Form 1120S), 
and Schedule M-3 (Form 1120S).
    Description: Form 1120S, Schedule D (Form 1120S), Schedule K-1 
(Form 1120S), and Schedule M-3 (Form 1120S) are used by an S 
corporation to figure its tax liability, and income and other tax-
related information to pass through to its shareholders. Schedule K-1 
is used to report to shareholders their share of the corporation's 
income, deductions, credits, etc. IRS uses the information to determine 
the correct tax for the S corporation and its shareholders.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 420,945,980 hours.

    OMB Number: 1545-0192.
    Type of Review: Revision.
    Title: Tax on Accumulation Distribution of Trusts.
    Form: 4970.
    Description: Form 4970 is used by a beneficiary of a domestic or 
foreign trust to compute the tax adjustment attributable to an 
accumulation distribution. The form is used to verify whether the 
correct tax has been paid on the accumulation distribution.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 42,900 hours.

    OMB Number: 1545-0935.
    Type of Review: Revision.
    Title: U.S. Income Tax Return of a Foreign Sales Corporations; 
Schedule P, Transfer Price or Commission.
    Form: 1120-FSC, Schedule P (Form 1120-FSC).
    Description: Form 1120-FSC is filed by foreign corporations that 
have elected to be FSCs or small FSCs. The FSC uses Form 1120-FSC to 
report income and expenses and to figure its tax liability. IRS uses 
Form 1120-FSC and Schedule P (Form 1120-FSC) to determine whether the 
FSC has correctly reported its income and expenses and figured its tax 
liability correctly.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 1,088,250 hours.

    OMB Number: 1545-0956.
    Type of Review: Revision.
    Title: Annual Return of One-Participant (Owners and Their Spouses) 
Retirement Plan.
    Form: 5500-EZ.
    Description: Form 5500-EZ is an annual return filed by a one-
participant or one-participant and spouse pension plan. The IRS uses 
this data to determine if the plan appears to be operating properly as 
required under the law or whether the plan should be audited.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 7,005,000 hours.

    OMB Number: 1545-1359.
    Type of Review: Extension.
    Title: Information Reporting by Passport and Permanent Residence 
Applicants INTL-978-86 (NPRM).
    Description: The regulation requires applicants for passports and 
permanent residence status to report certain tax information on the 
applications. The regulations are intended to give the Service notice 
of non-filers and of persons with foreign source income not subject to 
normal withholding, and to notify such persons of their duty to file 
U.S. tax returns.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 750,000 hours.

    OMB Number: 1545-1432.
    Type of Review: Extension.
    Title: Voluntary Customer Surveys to Implement E.O. 12862 
Coordinated by the Corporate Planning and Performance Division on 
Behalf of All IRS Operations Functions.
    Description: This is a generic clearance for an undefined number of 
customer satisfaction and opinion surveys and focus group interviews to 
be conducted over the next three years. Surveys and focus groups 
conducted under the generic clearance are used by the Internal Revenue 
Service to determine levels of customer satisfaction as well as 
determining issues that contribute to customer burden. This information 
will be used to make quality improvements to products and services.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 150,000 hours.

    OMB Number: 1545-1964.
    Type of Review: Revision.
    Title: Intake/Interview & Quality Review Sheet.
    Form: 13614-C, 13614-C (SP).
    Description: The SPEC function developed the Form 13614-C, Intake/
Interview & Quality Review Sheet that contains a standardized list of 
required intake and quality review questions to guide volunteers in 
asking taxpayers basic questions about themselves and conducting a 
quality review of the completed return. The intake/interview and 
quality review sheet is an effective tool for ensuring critical 
taxpayer information is obtained and applied during the interview and 
completion of the tax return process.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 562,583 hours.
    Clearance Officer: R. Joseph Durbala, (202) 622-3634, Internal 
Revenue

[[Page 59031]]

Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC 
20224.
    OMB Reviewer: Shagufta Ahmed, (202) 395-7873, Office of Management 
and Budget, Room 10235, New Executive Office Building, Washington, DC 
20503.

Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. E9-27446 Filed 11-13-09; 8:45 am]
BILLING CODE 4830-01-P
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