Submission for OMB Review; Comment Request, 65708-65710 [2010-27085]
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65708
Federal Register / Vol. 75, No. 206 / Tuesday, October 26, 2010 / Notices
Issued in Washington, DC, on October 20,
2010.
Joseph C. Szabo,
Administrator.
DEPARTMENT OF THE TREASURY
[FR Doc. 2010–26942 Filed 10–25–10; 8:45 am]
October 21, 2010.
[FR Doc. 2010–27084 Filed 10–25–10; 8:45 am]
BILLING CODE 4910–06–P
The Department of Treasury will
submit the following public information
collection requirement 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. A copy
of the submission may be obtained by
calling the Bureau Information
Clearance Officer listed. Comments
regarding this information collection
should be addressed to the OMB
reviewer listed and to the Treasury PRA
Clearance Officer, Department of the
Treasury, 1750 Pennsylvania Avenue,
NW., Suite 11010, Washington, DC
20220.
Dates: Written comments should be
received on or before November 26,
2010 to be assured of consideration.
BILLING CODE 4810–70–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
October 21, 2010.
The Department of the Treasury will
submit the following public information
collection requirement 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. A copy of
the submission 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 PRA Clearance
Officer, Department of the Treasury,
1750 Pennsylvania Avenue, NW., Suite
11010, Washington, DC 20220.
Written comments should be
received on or before November 26,
2010 to be assured of consideration.
DATES:
emcdonald on DSK2BSOYB1PROD with NOTICES
Bureau of the Public Debt (BPD)
OMB Number: 1535–0141.
Type of Review: Revision of a
currently approved collection.
Title: Investigative Forms.
Form: PD F 5518, 5519, 5520, and
5521.
Abstract: Information requested is in
support of background investigations
conducted by the Bureau of the Public
Debt.
Respondents: Individuals and
Households.
Estimated Total Burden Hours: 361
hours.
Bureau Clearance Officer: Bruce
Sharp, Bureau of the Public Debt, 200
Third Street, Parkersburg, West Virginia
26106; (304) 480–8112.
OMB Reviewer: Shagufta Ahmed,
Office of Management and Budget, New
Executive Office Building, Room 10235,
Washington, DC 20503; (202) 395–7873.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2010–27083 Filed 10–25–10; 8:45 am]
BILLING CODE 4810–39–P
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Submission for OMB Review;
Comment Request
Community Development Financial
Institutions (CDFI) Fund
OMB Number: 1559–0016.
Type of Review: Revision a currently
approved collection.
Title: New Markets Tax Credit
(NMTC) Program Allocation
Application.
Form: CDFI 0020.
Description: The New Markets Tax
Credit (NMTC) Program will provide an
incentive to investors in the form of a
tax credit, which is expected to
stimulate investment in private capital
that, and in turn, will facilitate
economic and community development
in low-income communities. In order to
qualify for an allocation of tax credits
under the NMTC Program an entity
must be certified as a qualified
community development entity and
submit an allocation application to the
CDFI Fund. Upon receipt of such
applications, the CDFI Fund will
conduct a competitive review process to
evaluate applications for the receipt of
NMTC allocations.
Respondents: Private Sector:
Businesses or other for-profits, Not-forprofit institutions; State, Local, and
Tribal Governments.
Estimated Total Burden Hours: 62,001
hours.
CDFI Fund Clearance Officer: Michael
Jones, Community Development
Financial Institutions Fund, Department
of the Treasury, 601 13th Street, NW.,
Suite 200 South, Washington, DC 20005;
(202) 622–2461.
OMB Reviewer: Shagufta Ahmed,
Office of Management and Budget, New
PO 00000
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Fmt 4703
Sfmt 4703
Executive Office Building, Room 10235,
Washington, DC 20503; (202) 395–7873.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
October 21, 2010.
The Department of the Treasury will
submit the following public information
collection requirements 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. A copy of
the submissions may be obtained by
calling the Treasury Bureau Clearance
Officer listed. Comments regarding
these information collections should be
addressed to the OMB reviewer listed
and to the Treasury PRA Clearance
Officer, Department of the Treasury,
1750 Pennsylvania Avenue, NW., Suite
11010, Washington, DC 20220.
DATES: Written comments should be
received on or before November 26,
2010 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–0137.
Type of Review: Extension without
change to a currently approved
collection.
Title: Contract Coverage Under Title II
of the Social Security Act.
Form: 2032.
Abstract: U.S. citizens and resident
aliens employed abroad by foreign
affiliates of American employers are
exempt from social security taxes.
Under Internal Revenue Code section
3121(1), American employers may file
an agreement on Form 2032 to waive
this exemption and obtain social
security coverage for U.S. citizens and
resident aliens employed abroad by
their foreign affiliates. The American
employers can later file Form 2032 to
cover additional foreign affiliates as an
amendment to their original agreement.
Respondents: Individuals and
Households.
Estimated Total Burden Hours: 973
hours.
OMB Number: 1545–0409.
Type of Review: Revision of a
currently approved collection.
Title: Application for Reward for
Original Information.
Form: 211.
Abstract: Forms 211 is the official
application form used by persons
E:\FR\FM\26OCN1.SGM
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emcdonald on DSK2BSOYB1PROD with NOTICES
Federal Register / Vol. 75, No. 206 / Tuesday, October 26, 2010 / Notices
requesting rewards for submitting
information concerning alleged
violations of the tax laws by other
persons. Such rewards are authorized by
Internal Revenue Code Section 7623.
The data is used to determine and pay
rewards to those persons who
voluntarily submit information.
Respondents: Individuals or
Households.
Estimated Total Burden Hours: 5,000
hours.
OMB Number: 1545–0575.
Type of Review: Extension without
change of a currently approved
collection.
Title: Return of Excise Taxes Related
to Employee Benefit Plans.
Form: 5330.
Abstract: Code sections 4971, 4972,
4973(a)(3), 4975, 4976, 4977, 4978,
4978A, 4978B, 4979, 4979A and 4980
impose various excise taxes in
connection with employee benefit
plans. Form 5330 is used to compute
and collect these taxes.
Respondents: Private Sector:
Businesses or other for-profit.
Estimated Total Burden Hours:
540,145 hours.
OMB Number: 1545–0715.
Type of Review: Extension without
change of a currently approved
collection.
Title: Proceeds From Broker and
Barter Exchange Transactions.
Form: 1099–B.
Abstract: Form 1099–B is used by
brokers and barter exchanges to report
proceeds from transactions to the
Internal Revenue Service. The form will
be used by IRS to verify compliance
with the reporting rules and to verify
that the recipient has included the
proper amount of income on his or her
return.
Respondents: Private Sector:
Businesses or other for-profit.
Estimated Total Burden Hours: 3,104
hours.
OMB Number: 1545–0807.
Type of Review: Extension without
change of a currently approved
collection.
Title: LR 2013 (TD 7533) Final, Disc
Rules on Procedure and Administration;
Rules on Export Trade Corporations,
and EE–155–78 (TD 7896), Final,
Income from Trade Shows.
Abstract: Section 1.6071–1(b) requires
that when a taxpayer files a late return
for a short period, proof of unusual
circumstances for late filing must be
given to the District Director. Section
1.6072(b), (c), (d), and (e) of the IRC
deals with the filing dates of certain
corporate returns. Regulation section
1.6072–2 provides additional
VerDate Mar<15>2010
18:09 Oct 25, 2010
Jkt 223001
information concerning these filing
dates. The information is used to insure
timely filing of corporate income tax
returns.
Respondents: Individuals or
Households.
Estimated Total Burden Hours:
39,988,038 hours.
OMB Number: 1545–1056.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–209020–86 (formerly
INTL–61–86) NPRM & Temporary
Foreign Tax Credit; Notification and
Adjustment Due to Foreign Tax
Redeterminations.
Abstract: Section 905(c) requires that
a taxpayer notify the Internal Revenue
Service of a change in the taxpayer’s
foreign income tax liability that may
affect its foreign tax credit. Section
1.905–4T provides rules concerning the
time, manner, and contents of such
notification. Should the taxpayer fail to
notify the IRS, penalties under section
6689 may be imposed. Respondents are
U.S. taxpayers that claim a foreign tax
credit under section 901, 902, or 960.
Respondents: Individuals or
Households.
Estimated Total Burden Hours: 54,000
hours.
OMB Number: 1545–1265.
Type of Review: Extension without
change of a currently approved
collection.
Title: IA–120–86 Capitalization of
Interest (TD 8584)(Final).
Abstract: The regulations require
taxpayers to maintain contemporaneous
written records of estimates, to file a
ruling request to segregate activities in
applying the interest capitalization
rules, and to request the consent of the
Commissioner to change their methods
of accounting for the capitalization of
interest.
Respondents: Individuals or
Households.
Estimated Total Burden Hours:
116,767 hours.
OMB Number: 1545–1596.
Type of Review: Extension without
change of a currently approved
collection.
Title: Request for Innocent Spouse
Relief.
Forms: 8857, 8857(SP).
Abstract: Section 6103(e) of the
Internal Revenue Code allows taxpayers
to request, and IRS to grant, ‘‘innocent
spouse’’ relief when: taxpayer filed a
joint return with tax substantially
understated; taxpayer establishes no
knowledge of or benefit from, the
understatement; and it would be
inequitable to hold the taxpayer liable.
PO 00000
Frm 00104
Fmt 4703
Sfmt 4703
65709
Respondents: Individuals or
Households.
Estimated Total Burden Hours:
240,500 hours.
OMB Number: 1545–1613.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–209446–82 (TD8852)
(Final) Pass-through of Items of an S
Corporation to its Shareholders.
Abstract: Section 1366 requires
shareholders of an S corporation to take
into account their pro rata share of
separately stated items of the S
corporation and non-separately
computed income or loss. The
regulations provide guidance regarding
this reporting requirement.
Respondents: Private Sector:
Businesses or other for-profit.
Estimated Total Burden Hours: 1
hour.
OMB Number: 1545–1883.
Type of Review: Extension without
change of a currently approved
collection.
Title: Announcement 2004–38,
Election of Alternative Deficit
Reduction Contribution.
Abstract: This announcement
describes the election that must be made
in order for certain employers to take
advantage of the alternative deficit
reduction contribution described in
section 102 of H.R. 3108.
Respondents: Private Sector:
Businesses or other for-profit.
Estimated Total Burden Hours: 800
hours.
OMB Number: 1545–1893.
Type of Review: Extension without
change of a currently approved
collection.
Title: Section 1045 Application to
Partnerships.
Abstract: The collection of
information is in § 1.1045–1(b)(4)(ii).
Any partner who recognizes all or a part
of the partner’s distributive share of
partnership section 1045 gain must
notify the partnership of the amount of
the partnership section 1045 gain that is
recognized. This information will be
used by the partnership to make
necessary adjustments to the basis of the
replacement qualified small business
stock.
Respondents: Individuals or
Households.
Estimated Total Burden Hours: 1,000
hours.
OMB Number: 1545–2061.
Type of Review: Extension without
change of a currently approved
collection.
Title: Supplemental Attachment to
Schedule M–3.
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65710
Federal Register / Vol. 75, No. 206 / Tuesday, October 26, 2010 / Notices
Form: 8916–A.
Abstract: The Form 8916–A is a
detailed schedule that reconciles the
amount of the cost of goods sold,
interest income and interest expense
reported on Schedule M–3 for the Form
1065, Form 1120, 1120–S, 1120–L, or
1120–PC.
Respondents: Private Sector:
Businesses or other for-profit.
Estimated Total Burden Hours:
5,049,720 hours.
Bureau Clearance Officer: R. Joseph
Durbala, Internal Revenue Service, 1111
Constitution Avenue, NW., Room 6129,
Washington, DC 20224; (202) 622–3634.
OMB Reviewer: Shagufta Ahmed,
Office of Management and Budget, New
Executive Office Building, Room 10235,
Washington, DC 20503; (202) 395–7873.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2010–27085 Filed 10–25–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Fiscal Service
Current Value of Funds Rate
Financial Management Service,
Fiscal Service, Treasury.
emcdonald on DSK2BSOYB1PROD with NOTICES
AGENCY:
VerDate Mar<15>2010
18:09 Oct 25, 2010
Jkt 223001
Notice of rate for use in Federal
debt collection and discount and rebate
evaluation.
ACTION:
Pursuant to section 11 of the
Debt Collection Act of 1982, as
amended, (31 U.S.C. 3717), the
Secretary of the Treasury is responsible
for computing and publishing the
percentage rate to be used in assessing
interest charges for outstanding debts
owed to the Government. Treasury’s
Cash Management Requirements (TFM
Volume I, Part 6, Chapter 8000)
prescribe use of this rate by agencies as
a comparison point in evaluating the
cost-effectiveness of a cash discount. In
addition, 5 CFR 1315.8 of the Prompt
Payment rule on ‘‘Rebates’’ requires that
this rate be used in determining when
agencies should pay purchase card
invoices when the card issuer offers a
rebate. Notice is hereby given that the
applicable rate is 1.00 percent for
calendar year 2011.
DATES: The rate will be in effect for the
period beginning on January 1, 2011,
and ending on December 31, 2011.
FOR FURTHER INFORMATION CONTACT:
Inquiries should be directed to the
Agency Enterprise Solutions Division,
Financial Management Service,
Department of the Treasury, 401 14th
SUMMARY:
PO 00000
Frm 00105
Fmt 4703
Sfmt 9990
Street, SW., Washington, DC 20227
(Telephone: 202–874–9428).
The rate
reflects the current value of funds to the
Treasury for use in connection with
Federal Cash Management systems and
is based on investment rates set for
purposes of Public Law 95–147, 91 Stat.
1227. Computed each year by averaging
Treasury Tax and Loan (TT&L)
investment rates for the 12-month
period ending every September 30,
rounded to the nearest whole
percentage, for applicability effective
each January 1, the rate is subject to
quarterly revisions if the annual
average, on a moving basis, changes by
2 percentage points. The rate in effect
for the calendar year 2011 reflects the
average investment rates for the 12month period that ended September 30,
2010.
SUPPLEMENTARY INFORMATION:
Dated: October 14, 2010.
Sheryl R. Morrow,
Assistant Commissioner, Payment
Management.
[FR Doc. 2010–26815 Filed 10–25–10; 8:45 am]
BILLING CODE 4810–35–M
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]]>Agencies
[Federal Register Volume 75, Number 206 (Tuesday, October 26, 2010)]
[Notices]
[Pages 65708-65710]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-27085]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
October 21, 2010.
The Department of the Treasury will submit the following public
information collection requirements 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. A copy of the submissions
may be obtained by calling the Treasury Bureau Clearance Officer
listed. Comments regarding these information collections should be
addressed to the OMB reviewer listed and to the Treasury PRA Clearance
Officer, Department of the Treasury, 1750 Pennsylvania Avenue, NW.,
Suite 11010, Washington, DC 20220.
DATES: Written comments should be received on or before November 26,
2010 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0137.
Type of Review: Extension without change to a currently approved
collection.
Title: Contract Coverage Under Title II of the Social Security Act.
Form: 2032.
Abstract: U.S. citizens and resident aliens employed abroad by
foreign affiliates of American employers are exempt from social
security taxes. Under Internal Revenue Code section 3121(1), American
employers may file an agreement on Form 2032 to waive this exemption
and obtain social security coverage for U.S. citizens and resident
aliens employed abroad by their foreign affiliates. The American
employers can later file Form 2032 to cover additional foreign
affiliates as an amendment to their original agreement.
Respondents: Individuals and Households.
Estimated Total Burden Hours: 973 hours.
OMB Number: 1545-0409.
Type of Review: Revision of a currently approved collection.
Title: Application for Reward for Original Information.
Form: 211.
Abstract: Forms 211 is the official application form used by
persons
[[Page 65709]]
requesting rewards for submitting information concerning alleged
violations of the tax laws by other persons. Such rewards are
authorized by Internal Revenue Code Section 7623. The data is used to
determine and pay rewards to those persons who voluntarily submit
information.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 5,000 hours.
OMB Number: 1545-0575.
Type of Review: Extension without change of a currently approved
collection.
Title: Return of Excise Taxes Related to Employee Benefit Plans.
Form: 5330.
Abstract: Code sections 4971, 4972, 4973(a)(3), 4975, 4976, 4977,
4978, 4978A, 4978B, 4979, 4979A and 4980 impose various excise taxes in
connection with employee benefit plans. Form 5330 is used to compute
and collect these taxes.
Respondents: Private Sector: Businesses or other for-profit.
Estimated Total Burden Hours: 540,145 hours.
OMB Number: 1545-0715.
Type of Review: Extension without change of a currently approved
collection.
Title: Proceeds From Broker and Barter Exchange Transactions.
Form: 1099-B.
Abstract: Form 1099-B is used by brokers and barter exchanges to
report proceeds from transactions to the Internal Revenue Service. The
form will be used by IRS to verify compliance with the reporting rules
and to verify that the recipient has included the proper amount of
income on his or her return.
Respondents: Private Sector: Businesses or other for-profit.
Estimated Total Burden Hours: 3,104 hours.
OMB Number: 1545-0807.
Type of Review: Extension without change of a currently approved
collection.
Title: LR 2013 (TD 7533) Final, Disc Rules on Procedure and
Administration; Rules on Export Trade Corporations, and EE-155-78 (TD
7896), Final, Income from Trade Shows.
Abstract: Section 1.6071-1(b) requires that when a taxpayer files a
late return for a short period, proof of unusual circumstances for late
filing must be given to the District Director. Section 1.6072(b), (c),
(d), and (e) of the IRC deals with the filing dates of certain
corporate returns. Regulation section 1.6072-2 provides additional
information concerning these filing dates. The information is used to
insure timely filing of corporate income tax returns.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 39,988,038 hours.
OMB Number: 1545-1056.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-209020-86 (formerly INTL-61-86) NPRM & Temporary Foreign
Tax Credit; Notification and Adjustment Due to Foreign Tax
Redeterminations.
Abstract: Section 905(c) requires that a taxpayer notify the
Internal Revenue Service of a change in the taxpayer's foreign income
tax liability that may affect its foreign tax credit. Section 1.905-4T
provides rules concerning the time, manner, and contents of such
notification. Should the taxpayer fail to notify the IRS, penalties
under section 6689 may be imposed. Respondents are U.S. taxpayers that
claim a foreign tax credit under section 901, 902, or 960.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 54,000 hours.
OMB Number: 1545-1265.
Type of Review: Extension without change of a currently approved
collection.
Title: IA-120-86 Capitalization of Interest (TD 8584)(Final).
Abstract: The regulations require taxpayers to maintain
contemporaneous written records of estimates, to file a ruling request
to segregate activities in applying the interest capitalization rules,
and to request the consent of the Commissioner to change their methods
of accounting for the capitalization of interest.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 116,767 hours.
OMB Number: 1545-1596.
Type of Review: Extension without change of a currently approved
collection.
Title: Request for Innocent Spouse Relief.
Forms: 8857, 8857(SP).
Abstract: Section 6103(e) of the Internal Revenue Code allows
taxpayers to request, and IRS to grant, ``innocent spouse'' relief
when: taxpayer filed a joint return with tax substantially understated;
taxpayer establishes no knowledge of or benefit from, the
understatement; and it would be inequitable to hold the taxpayer
liable.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 240,500 hours.
OMB Number: 1545-1613.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-209446-82 (TD8852) (Final) Pass-through of Items of an S
Corporation to its Shareholders.
Abstract: Section 1366 requires shareholders of an S corporation to
take into account their pro rata share of separately stated items of
the S corporation and non-separately computed income or loss. The
regulations provide guidance regarding this reporting requirement.
Respondents: Private Sector: Businesses or other for-profit.
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-1883.
Type of Review: Extension without change of a currently approved
collection.
Title: Announcement 2004-38, Election of Alternative Deficit
Reduction Contribution.
Abstract: This announcement describes the election that must be
made in order for certain employers to take advantage of the
alternative deficit reduction contribution described in section 102 of
H.R. 3108.
Respondents: Private Sector: Businesses or other for-profit.
Estimated Total Burden Hours: 800 hours.
OMB Number: 1545-1893.
Type of Review: Extension without change of a currently approved
collection.
Title: Section 1045 Application to Partnerships.
Abstract: The collection of information is in Sec. 1.1045-
1(b)(4)(ii). Any partner who recognizes all or a part of the partner's
distributive share of partnership section 1045 gain must notify the
partnership of the amount of the partnership section 1045 gain that is
recognized. This information will be used by the partnership to make
necessary adjustments to the basis of the replacement qualified small
business stock.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 1,000 hours.
OMB Number: 1545-2061.
Type of Review: Extension without change of a currently approved
collection.
Title: Supplemental Attachment to Schedule M-3.
[[Page 65710]]
Form: 8916-A.
Abstract: The Form 8916-A is a detailed schedule that reconciles
the amount of the cost of goods sold, interest income and interest
expense reported on Schedule M-3 for the Form 1065, Form 1120, 1120-S,
1120-L, or 1120-PC.
Respondents: Private Sector: Businesses or other for-profit.
Estimated Total Burden Hours: 5,049,720 hours.
Bureau Clearance Officer: R. Joseph Durbala, Internal Revenue
Service, 1111 Constitution Avenue, NW., Room 6129, Washington, DC
20224; (202) 622-3634.
OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New
Executive Office Building, Room 10235, Washington, DC 20503; (202) 395-
7873.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2010-27085 Filed 10-25-10; 8:45 am]
BILLING CODE 4830-01-P
