Submission for OMB Review; Comment Request, 70772-70775 [2010-29027]
Download as PDF
<![CDATA[
mstockstill on DSKH9S0YB1PROD with NOTICES
70772
Federal Register / Vol. 75, No. 222 / Thursday, November 18, 2010 / Notices
shall be furnished to the applicant at the
address listed above.
FRA expects to be able to determine
these matters without an oral hearing.
However, if a specific request for an oral
hearing is accompanied by a showing
that the party is unable to adequately
present his or her position by written
statements, an application may be set
for public hearing.
All communications concerning this
proceeding should be identified by
Docket Number FRA–2010–0157 and
may be submitted by one of the
following methods:
• Web site: https://
www.regulations.gov. Follow the
instructions for submitting comments
on the DOT electronic site;
• Fax: 202–493–2251;
• Mail: Docket Management Facility,
U.S. Department of Transportation, 1200
New Jersey Avenue, SE., West Building
Ground Floor, Room W12–140,
Washington, DC 20590; or
• Hand Delivery: Room W12–140 of
the U.S. Department of Transportation
West Building Ground Floor, 1200 New
Jersey Avenue, SE., Washington, DC,
between 9 a.m. and 5 p.m., Monday
through Friday, except Federal holidays.
Communications received within 45
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.
FRA wishes to inform all potential
commenters that anyone is able to
search the electronic form of all
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
(65 FR 19477) or at https://www.dot.gov/
privacy.html.
Issued in Washington, DC, on November
12, 2010.
Michael Logue,
Deputy Associate Administrator for Safety
Compliance and Program Implementation.
[FR Doc. 2010–29102 Filed 11–17–10; 8:45 am]
BILLING CODE 4910–06–P
VerDate Mar<15>2010
16:56 Nov 17, 2010
Jkt 223001
DEPARTMENT OF TRANSPORTATION
Federal Highway Administration
Notice of Intent To Prepare an
Environmental Impact Statement, WIS
47, Outagamie and Shawano Counties,
Wisconsin
Federal Highway
Administration (FHWA), DOT.
AGENCY:
Notice of Intent To Prepare an
Environmental Impact Statement.
ACTION:
The FHWA is issuing this
notice to advise the public that an
Environmental Impact Statement (EIS)
will be prepared for long-range
transportation improvements in the WIS
47 corridor in Outagamie and Shawano
Counties, Wisconsin. The EIS is being
prepared in conformance with 40 CFR
part 1500 and FHWA regulations.
SUMMARY:
The
Federal Highway Administration
(FHWA), in cooperation with the
Wisconsin Department of
Transportation (WisDOT), will prepare a
tiered Environmental Impact Statement
(EIS) on long-range improvements to
address transportation demand, traffic
operations, safety concerns, and
corridor preservation needs on an
approximate 33-mile portion of WIS 47
between U.S. 41 in Outagamie County
and WIS 29 in Shawano County. The
tiered EIS will evaluate the no build
alternative and a range of short-term and
long-term improvement alternatives.
The tiered EIS will also serve as a
corridor preservation tool for protecting
the land needed for future
transportation improvements and to
assist local officials in making
compatible land use decisions. More
detailed Tier 2 environmental
documents would be prepared for
specific improvement projects when
factors such as safety concerns, traffic
volumes and existing deficiencies
indicate the need for such
improvements.
Participation by the public, local
officials, State and Federal regulatory
agencies, Native American Tribes and
other interests will be solicited through
a stakeholder committee, public
information meetings, agency
coordination meetings, and a public
hearing. Opportunities to be a
participating and/or cooperating agency
and to provide input on the project’s
coordination plan and impact
assessment methodology will also be
provided under Section 6002 of the
Safe, Accountable, Flexible, Efficient
Transportation Equity Act: A Legacy for
Users (SAFETEA–LU).
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00101
Fmt 4703
Sfmt 4703
This study shall comply with Title VI
of the Civil Rights Act and of Executive
Order 12898, which prohibits
discrimination on the basis of race,
color, age, sex, or country of national
origin in the implementation of this
action. To ensure that the full range of
issues related to this proposed action is
addressed, and all substantive issues are
identified, comments and suggestions
are invited from all interested parties.
Comments or questions concerning this
proposed action should be directed to
FHWA or WisDOT at the addresses
provided below (Catalog of Federal
Domestic Assistance Program Number
20.205, Highway Planning and
Construction.)
FOR FURTHER INFORMATION CONTACT:
Tracey McKenney, Major Projects
Program Manager/Team Leader, Federal
Highway Administration, 525 Junction
Road, Suite 8000, Madison, WI 53717–
2157; Telephone: (608) 829–7510. You
may also contact Eugene Johnson,
Director, Bureau of Equity and
Environmental Services, Wisconsin
Department of Transportation, P.O. Box
7916, Madison, Wisconsin 53707–7916:
Telephone: (608) 267–9527.
An electronic copy of this document
may be downloaded from the
Government Printing Office’s Electronic
Bulletin Board Service at (202) 512–
1661 by using a computer modem and
suitable communications software.
Internet users may reach the Office of
Federal Register’s home page at: https://
www.archives.gov/ and the Government
Printing Office’s database at: https://
www.gpoaccess.gov/nara/.
Authority: 23 U.S.C. 315; 49 CFR 1.48.
Issued on: November 12, 2010.
Tracey McKenney,
Major Projects Program Manager, Federal
Highway Administration, Madison,
Wisconsin.
[FR Doc. 2010–29131 Filed 11–17–10; 8:45 am]
BILLING CODE P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
November 12, 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
E:\FR\FM\18NON1.SGM
18NON1
Federal Register / Vol. 75, No. 222 / Thursday, November 18, 2010 / Notices
mstockstill on DSKH9S0YB1PROD with NOTICES
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 December 20, 2010
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–0172.
Type of Review: Revision to a
currently approved collection.
Title: Form 4562—Depreciation and
Amortization (Including Information on
Listed Property).
Form: 4562.
Abstract: Taxpayers use Form 4562 to:
(1) Claim a deduction for depreciation
and/or amortization; (2) make a section
179 election to expense depreciable
assets; and (3) answer questions
regarding the use of automobiles and
other listed property to substantiate the
business use under section 274(d).
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours:
1,671,337,275 hours.
OMB Number: 1545–0531.
Type of Review: Extension without
change to a currently approved
collection.
Title: Form 706–NA, United States
Estate (and Generation-Skipping
Transfer) Tax Return, Estate of
nonresident not a citizen of the United
States.
Form: 706–NA.
Abstract: Under section 6018,
executors must file estate tax returns for
nonresident non-citizens that had
property in the U.S. Executors use Form
706–NS for this purpose. IRS uses the
information to determine correct tax and
credits.
Respondents: Individuals and
Households.
Estimated Total Burden Hours: 3,584
hours.
OMB Number: 1545–0798.
Type of Review: Extension without
change to a currently approved
collection.
Title: 26 CFR 31.6001–1 Records in
general; 26 CFR 31.6001–2 Additional
Records under FICA; 26 CFR 31.6001–
3, Additional records under Railroad
Retirement Tax Act; 26 CFR 31.6001–5
Additional records.
Abstract: IRC section 6001 requires, in
part, that every person liable for tax or
for the collection of that tax keep such
records and comply with such rules and
regulations as the Secretary may from
time to time prescribe. 26 CFR 31.6001
has special application to employment
taxes. These records are needed to
ensure compliance with the Code.
VerDate Mar<15>2010
16:56 Nov 17, 2010
Jkt 223001
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours:
30,273,950 hours.
OMB Number: 1545–1142.
Type of Review: Extension without
change to a currently approved
collection.
Title: INTL–939–86 (NPRM) Insurance
Income of a Controlled Foreign
Corporation for Taxable Years
Beginning After December 31, 1986.
Abstract: The information is required
to determine the location of moveable
property; allocate income and
deductions to the proper category of
insurance income, determine those
amounts for computing taxable income
that are derived from an insurance
company annual statement, and permit
a CFC to elect to treat related person
insurance income as income effectively
connected with the conduct of a U.S.
trade or business. The respondents will
be businesses or other for-profit
institutions.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 14,100
hours.
OMB Number: 1545–1357.
Type of Review: Extension without
change to a currently approved
collection.
Title: PS–78–91 (TD 8521) (TD 8859)
(Final) Procedures for Monitoring
Compliance with Low-Income Housing
Credit Requirements; PS–50–92 (Final)
Rules to Carry Out the Purposes of
Section 42 and for Correcting.
Abstract: PS–78–91 (TD 8859)—The
regulations require State allocation
plans to provide a procedure for State
and local housing credit agencies to
monitor for compliance with the
requirements of section 42 and report
any noncompliance to the I.R.S. PS–50–
92. These regulations concern the
Secretary’s authority to provide
guidance under section 42, and provide
for the correction of administrative
errors and omissions made in
connection with allocations of lowincome housing credit dollar amounts
and recordkeeping within a reasonable
period after their discovery. The final
regulations affect State and local
housing credit agencies, owners of
building projects for which the low
income housing credit is allocated, and
taxpayers claiming the low-income
housing credit.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours:
104,899 hours.
OMB Number: 1545–1597.
PO 00000
Frm 00102
Fmt 4703
Sfmt 4703
70773
Type of Review: Extension without
change to a currently approved
collection.
Title: Revenue Procedure 2000–12,
Application Procedures for Qualified
Intermediary Status Under Section
1441; Final Qualified Intermediary
Withholding Agreement.
Abstract: Revenue Procedure 2000–12
describes application procedures for
becoming a qualified intermediary and
the requisite agreement that a qualified
intermediary must execute with the IRS.
The information will be used by the IRS
to ensure compliance with the U.S.
withholding system under the 1441
regulations (especially proper
entitlement to treaty benefits). Revenue
Procedure 2003–64 amends Revenue
Procedure 2000–12. Revenue Procedure
2004–21 amends Revenue Procedure
2003–64. Revenue Procedure 2005–77
modifies Revenue Procedure 20004–21.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours:
301,018 hours.
OMB Number: 1545–1622.
Type of Review: Extension without
change to a currently approved
collection.
Title: Form 8866—Interest
Computation Under the Look-Back
Method for Property Depreciated Under
the Income Forecast Method.
Form: 8866.
Abstract: Taxpayers depreciating
property under the income forecast
method and placed in service after
September 13, 1995, must use Form
8866 to compute and report interest due
or to be refunded under IRC 167(g)(2).
The IRS uses Form 8866 to determine if
the interest has been figured correctly.
Respondents: Individuals and
Households.
Estimated Total Burden Hours: 44,121
hours.
OMB Number: 1545–1847.
Type of Review: Extension without
change to a currently approved
collection.
Title: Revenue Procedure 2004–29,
Statistical Sampling in Sec. 274 Context.
Abstract: For taxpayers desiring to
establish for purposes of Sec. 274(n)(2),
(A), (C), (D), or (E) that a portion of the
total amount of substantiated expenses
incurred for meals and entertainment is
excerpted from the 50% limitation of
Sec. 274(n), the revenue procedure
requires that taxpayers maintain
adequate documentation to support the
statistical application, sample unit
findings, and all aspects of the sample
plan.
Respondents: Businesses or other forprofits.
E:\FR\FM\18NON1.SGM
18NON1
mstockstill on DSKH9S0YB1PROD with NOTICES
70774
Federal Register / Vol. 75, No. 222 / Thursday, November 18, 2010 / Notices
Estimated Total Burden Hours: 3,200
hours.
OMB Number: 1545–0020.
Type of Review: Extension without
change to a currently approved
collection.
Title: United States Gift (and
Generation-Skipping Transfer) Tax
Return.
Form: 709.
Abstract: Form 709 is used by
individuals to report transfers subject to
the gift and generation-skipping transfer
taxes and to compute these taxes. IRS
uses the information to enforce these
taxes and to compute the estate tax.
Respondents: Individuals and
Households.
Estimated Total Burden Hours:
1,609,730 hours.
OMB Number: 1545–0814.
Type of Review: Extension without
change to a currently approved
collection.
Title: EE–44–78 (TD 8100—Final)
Cooperative Hospital Service
Organizations.
Abstract: This regulation establishes
the rules for cooperative hospital service
organizations which seek tax-exempt
status under section 501(e) of the
Internal Revenue Code. Such an
organization must keep records in order
to show its cooperative nature and to
establish compliance with other
requirements in section 501(c).
Respondents: Not-for-profit
institutions.
Estimated Total Burden Hours: 1
hour.
OMB Number: 1545–0997.
Type of Review: Extension without
change to a currently approved
collection.
Title: Proceeds From Real Estate
Transactions.
Form: 1099–S.
Abstract: Form 1099–S is used by the
real estate reporting person to report
proceeds from a real estate transaction
to the IRS.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours:
510,456 hours.
OMB Number: 1545–1112.
Type of Review: Extension without
change to a currently approved
collection.
Title: IA–96–88 (Final) Certain
Elections under the Technical and
Miscellaneous Revenue Act of 1988 and
the Re-designation of Certain Other
Temporary Elections Regulations.
Abstract: These regulations establish
various elections with respect to which
immediate interim guidance on the time
and manner of making the elections is
VerDate Mar<15>2010
16:56 Nov 17, 2010
Jkt 223001
necessary. These regulations enable
taxpayers to take advantage of the
benefits of various Code provisions.
Respondents: Individuals and
Households.
Estimated Total Burden Hours: 6,712
hours.
OMB Number: 1545–1153.
Type of Review: Extension without
change to a currently approved
collection.
Title: PS–73–89 (TD 8370) (Final)
Excise Tax on Chemicals That Deplete
the Ozone Layer and on Products
Containing Such Chemicals.
Abstract: Section 4681 imposes a tax
on ozone-depleting chemicals sold or
used by a manufacturer or importer
thereof and imported taxable products
sold or used by an importer thereof. A
floor stocks tax is also imposed. This
regulation provides reporting and
recordkeeping rules.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 75,142
hours.
OMB Number: 1545–1331.
Type of Review: Extension without
change to a currently approved
collection.
Title: PS–55–89 (TD 8566—Final)
General Asset Accounts Under the
Accelerated Cost Recovery System.
Abstract: The regulations describe the
time and manner of making the election
described in IRC Section 168(i)(4). Basic
information regarding this election is
necessary to monitor compliance with
the rules in the IRC Section 168.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 250
hours.
OMB Number: 1545–1413.
Type of Review: Extension without
change to a currently approved
collection.
Title: IA–30–95 (TD 8672—Final)
Reporting on Non-payroll Withheld Tax
Liabilities.
Abstract: These regulations concern
the Secretary’s authority to require a
return of tax under section 6011 and
provide for the requirement of a return
by persons deducting and withholding
income tax from ‘‘Non-payroll’’
payments.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 1
hour.
OMB Number: 1545–1600.
Type of Review: Extension without
change to a currently approved
collection.
Title: REG–251703–96 (TD 8813—
Final) Residence of Trusts and Estates7701.
PO 00000
Frm 00103
Fmt 4703
Sfmt 4703
Abstract: Section 1161 of the
Taxpayer Relief Act of 1997, Public Law
105–34, 111 Stat. 788 (1997), provides
that a trust that was in existence on
August 20, 1996 (other than a trust
treated as owned by the grantor under
subpart E of part I of subchapter J of
chapter 1 of the Internal Revenue Code
of 1986) and that was treated as a
United States person on August 19,
1996, may elect to continue to be treated
as a United States person
notwithstanding § 7701(a)(30)(E) of the
Code. The election will require the
Internal Revenue Service to collect
information. This regulation provides
the procedure and requirements for
making the election to remain a
domestic trust.
Respondents: Individuals and
Households.
Estimated Total Burden Hours: 114
hours.
OMB Number: 1545–1621.
Type of Review: Extension without
change to a currently approved
collection.
Title: W–8BEN, Certificate of Foreign
Status of Beneficial Owner for United
States Tax Withholding, W–8ECI,
Certificate of Foreign Person’s Claim for
Exemption From Withholding on
Income.
Form: W–8BEN; W–8ECI; W–8EXP;
W–8IMY.
Abstract: Form W–8BEN is used for
certain types of income to establish that
the person is a foreign person, is the
beneficial owner of the income for
which Form W–8BEN is being provided
and, if applicable, to claim a reduced
rate of, or exemption from, withholding
as a resident of a foreign country with
which the United States has an income
tax treaty. Form W–8ECI is used to
establish that the person is a foreign
person, is the beneficial owner of the
income for which Form W–8ECI is being
provided, and to claim that the income
is effectively connected with the
conduct of a trade or business within
the United States.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours:
43,280,135 hours.
OMB Number: 1545–1751.
Type of Review: Extension without
change to a currently approved
collection.
Title: REG–107151–00 (TD 9035—
Final) Constructive Transfers and
Transfers of Property to a Third Party on
Behalf of a Spouse.
Abstract: The regulation sets forth the
required information that will permit
spouses or former spouses to treat a
redemption by a corporation of stock of
E:\FR\FM\18NON1.SGM
18NON1
mstockstill on DSKH9S0YB1PROD with NOTICES
Federal Register / Vol. 75, No. 222 / Thursday, November 18, 2010 / Notices
one spouse or former spouse as a
transfer of that stock to the other spouse
or former spouse in exchange for the
redemption proceeds and a redemption
of the stock from the latter spouse or
former spouse in exchange for the
redemption proceeds.
Respondents: Individuals and
Households.
Estimated Total Burden Hours: 500
hours.
OMB Number: 1545–1886.
Type of Review: Extension without
change to a currently approved
collection.
Title: Revenue Procedure 2004–35,
Late Spousal S Corp Consents in
Community Property States.
Abstract: This revenue procedure
requires the collection of certain
information in order for the taxpayer to
gain relief for late shareholder consents
for Subchapter S elections. The
information is designed to make sure
that applications for relief meet the
requirements set out in the revenue
procedure.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 500
hours.
OMB Number: 1545–1900.
Type of Review: Extension without
change to a currently approved
collection.
Title: REG–208254–90 (TD 9212—
final) Source of Compensation for Labor
or Personal Services.
Abstract: The proposed regulation
describes the appropriate bases for
determining the source of income from
labor or personal services performed
partly within and partly without the
United States. The information required
in Sec. 1.861–4(b)(2)(ii)(D) and (D)(6)
will enable an employee to source
certain fringe benefits on a geographical
basis. The collections of information
will, likewise, allow the IRS to verify
these determinations.
Respondents: Individuals and
Households.
Estimated Total Burden Hours: 10,000
hours.
OMB Number: 1545–2058.
Type of Review: Extension without
change to a currently approved
collection.
Title: U.S. Electronic Large
Partnership Declaration for an I.R.S. efile return.
Form: 8453–B.
Abstract: If you are filing a 2006 Form
1065–B through an ISP and/or
transmitter and you are not using an
ERO, you must file Form 8453–B with
your electronically filed return. An ERO
can use either Form 8453–B or Form
VerDate Mar<15>2010
16:56 Nov 17, 2010
Jkt 223001
8879–B to obtain authorization to file
the partnership’s Form 1065–B.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 144
hours.
OMB Number: 1545–2062.
Type of Review: Extension without
change to a currently approved
collection.
Title: Reconciliation of Schedule M–
3 Taxable Income with Tax Return
Taxable Income for Mixed Groups.
Form: 8916.
Abstract: The Form 8916 reconciles
taxable income per the Schedule M–3
for the Forms 1120, 1120–L, or 1120–PC
with the taxable income on mixed
groups filing Form 1120, 1120–L, or
1120–PC. This is necessary because
certain special adjustments are required
to match taxable income of mixed
groups as reported on the Schedule M–
3 with taxable income they report on
Forms 1120, 1120–L, or 1120–PC.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 3,385
hours.
OMB Number: 1545–2066.
Type of Review: Extension without
change to a currently approved
collection.
Title: Notice of Recapture Event for
New Markets Credit.
Form: 8874–B
Abstract: Form 8874–B, Notice of
Recapture Event for New markets Credit
was developed because qualified CDEs
must provide Taxpayers holding a
qualified equity investment with a
completed Form 8874–B when a
recapture event occurs. Regulations
section 1.45D–1(g)(2)(i)(B).
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 2,755
hours.
OMB Number: 1545–2070.
Type of Review: Extension without
change to a currently approved
collection.
Title: Rev. Proc. 2007–48 Rotable
Spare Parts Safe Harbor Method.
Abstract: The information for which
the agency is requesting to collect will
support a taxpayer’s claim for eligibility
to use the safe harbor method of
accounting for rotable spare parts
provided in the proposed revenue
procedures. The information will be
submitted as a supporting schedule for
the Form 3115, Application for Change
in Accounting Method.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 75
hours.
PO 00000
Frm 00104
Fmt 4703
Sfmt 4703
70775
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.
Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. 2010–29027 Filed 11–17–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
November 12, 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 December 20, 2010
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–1902.
Type of Review: Extension without
change to a currently approved
collection.
Title: Qualified Severance of a Trust
for Generation-Skipping Transfer (GST)
Tax Purposes (TD 9348—Final).
Abstract: This Regulation requires
taxpayers to report a qualified severance
by filing a Form 706–GS(T), or such
other form that may be published by the
Internal Revenue Service in the future
that is specifically designated to be
utilized to report qualified severances.
Where Form 706–GS(T) is used, the filer
should attach a Notice of Qualified
Severance to the return that clearly
identifies the trust that is being severed
and the new trusts created as a result of
the severance. The Notice must also
provide the inclusion ratio of the trust
that was severed and the inclusion
ratios of the new trusts resulting from
the severance. The information
collected will be used by the IRS to
identify the trusts being severed and the
new trusts created upon severance. The
collection of information is required in
E:\FR\FM\18NON1.SGM
18NON1
]]>Agencies
[Federal Register Volume 75, Number 222 (Thursday, November 18, 2010)]
[Notices]
[Pages 70772-70775]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-29027]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
November 12, 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
[[Page 70773]]
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 December 20,
2010 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0172.
Type of Review: Revision to a currently approved collection.
Title: Form 4562--Depreciation and Amortization (Including
Information on Listed Property).
Form: 4562.
Abstract: Taxpayers use Form 4562 to: (1) Claim a deduction for
depreciation and/or amortization; (2) make a section 179 election to
expense depreciable assets; and (3) answer questions regarding the use
of automobiles and other listed property to substantiate the business
use under section 274(d).
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 1,671,337,275 hours.
OMB Number: 1545-0531.
Type of Review: Extension without change to a currently approved
collection.
Title: Form 706-NA, United States Estate (and Generation-Skipping
Transfer) Tax Return, Estate of nonresident not a citizen of the United
States.
Form: 706-NA.
Abstract: Under section 6018, executors must file estate tax
returns for nonresident non-citizens that had property in the U.S.
Executors use Form 706-NS for this purpose. IRS uses the information to
determine correct tax and credits.
Respondents: Individuals and Households.
Estimated Total Burden Hours: 3,584 hours.
OMB Number: 1545-0798.
Type of Review: Extension without change to a currently approved
collection.
Title: 26 CFR 31.6001-1 Records in general; 26 CFR 31.6001-2
Additional Records under FICA; 26 CFR 31.6001-3, Additional records
under Railroad Retirement Tax Act; 26 CFR 31.6001-5 Additional records.
Abstract: IRC section 6001 requires, in part, that every person
liable for tax or for the collection of that tax keep such records and
comply with such rules and regulations as the Secretary may from time
to time prescribe. 26 CFR 31.6001 has special application to employment
taxes. These records are needed to ensure compliance with the Code.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 30,273,950 hours.
OMB Number: 1545-1142.
Type of Review: Extension without change to a currently approved
collection.
Title: INTL-939-86 (NPRM) Insurance Income of a Controlled Foreign
Corporation for Taxable Years Beginning After December 31, 1986.
Abstract: The information is required to determine the location of
moveable property; allocate income and deductions to the proper
category of insurance income, determine those amounts for computing
taxable income that are derived from an insurance company annual
statement, and permit a CFC to elect to treat related person insurance
income as income effectively connected with the conduct of a U.S. trade
or business. The respondents will be businesses or other for-profit
institutions.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 14,100 hours.
OMB Number: 1545-1357.
Type of Review: Extension without change to a currently approved
collection.
Title: PS-78-91 (TD 8521) (TD 8859) (Final) Procedures for
Monitoring Compliance with Low-Income Housing Credit Requirements; PS-
50-92 (Final) Rules to Carry Out the Purposes of Section 42 and for
Correcting.
Abstract: PS-78-91 (TD 8859)--The regulations require State
allocation plans to provide a procedure for State and local housing
credit agencies to monitor for compliance with the requirements of
section 42 and report any noncompliance to the I.R.S. PS-50-92. These
regulations concern the Secretary's authority to provide guidance under
section 42, and provide for the correction of administrative errors and
omissions made in connection with allocations of low-income housing
credit dollar amounts and recordkeeping within a reasonable period
after their discovery. The final regulations affect State and local
housing credit agencies, owners of building projects for which the low
income housing credit is allocated, and taxpayers claiming the low-
income housing credit.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 104,899 hours.
OMB Number: 1545-1597.
Type of Review: Extension without change to a currently approved
collection.
Title: Revenue Procedure 2000-12, Application Procedures for
Qualified Intermediary Status Under Section 1441; Final Qualified
Intermediary Withholding Agreement.
Abstract: Revenue Procedure 2000-12 describes application
procedures for becoming a qualified intermediary and the requisite
agreement that a qualified intermediary must execute with the IRS. The
information will be used by the IRS to ensure compliance with the U.S.
withholding system under the 1441 regulations (especially proper
entitlement to treaty benefits). Revenue Procedure 2003-64 amends
Revenue Procedure 2000-12. Revenue Procedure 2004-21 amends Revenue
Procedure 2003-64. Revenue Procedure 2005-77 modifies Revenue Procedure
20004-21.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 301,018 hours.
OMB Number: 1545-1622.
Type of Review: Extension without change to a currently approved
collection.
Title: Form 8866--Interest Computation Under the Look-Back Method
for Property Depreciated Under the Income Forecast Method.
Form: 8866.
Abstract: Taxpayers depreciating property under the income forecast
method and placed in service after September 13, 1995, must use Form
8866 to compute and report interest due or to be refunded under IRC
167(g)(2). The IRS uses Form 8866 to determine if the interest has been
figured correctly.
Respondents: Individuals and Households.
Estimated Total Burden Hours: 44,121 hours.
OMB Number: 1545-1847.
Type of Review: Extension without change to a currently approved
collection.
Title: Revenue Procedure 2004-29, Statistical Sampling in Sec. 274
Context.
Abstract: For taxpayers desiring to establish for purposes of Sec.
274(n)(2), (A), (C), (D), or (E) that a portion of the total amount of
substantiated expenses incurred for meals and entertainment is
excerpted from the 50% limitation of Sec. 274(n), the revenue procedure
requires that taxpayers maintain adequate documentation to support the
statistical application, sample unit findings, and all aspects of the
sample plan.
Respondents: Businesses or other for-profits.
[[Page 70774]]
Estimated Total Burden Hours: 3,200 hours.
OMB Number: 1545-0020.
Type of Review: Extension without change to a currently approved
collection.
Title: United States Gift (and Generation-Skipping Transfer) Tax
Return.
Form: 709.
Abstract: Form 709 is used by individuals to report transfers
subject to the gift and generation-skipping transfer taxes and to
compute these taxes. IRS uses the information to enforce these taxes
and to compute the estate tax.
Respondents: Individuals and Households.
Estimated Total Burden Hours: 1,609,730 hours.
OMB Number: 1545-0814.
Type of Review: Extension without change to a currently approved
collection.
Title: EE-44-78 (TD 8100--Final) Cooperative Hospital Service
Organizations.
Abstract: This regulation establishes the rules for cooperative
hospital service organizations which seek tax-exempt status under
section 501(e) of the Internal Revenue Code. Such an organization must
keep records in order to show its cooperative nature and to establish
compliance with other requirements in section 501(c).
Respondents: Not-for-profit institutions.
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-0997.
Type of Review: Extension without change to a currently approved
collection.
Title: Proceeds From Real Estate Transactions.
Form: 1099-S.
Abstract: Form 1099-S is used by the real estate reporting person
to report proceeds from a real estate transaction to the IRS.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 510,456 hours.
OMB Number: 1545-1112.
Type of Review: Extension without change to a currently approved
collection.
Title: IA-96-88 (Final) Certain Elections under the Technical and
Miscellaneous Revenue Act of 1988 and the Re-designation of Certain
Other Temporary Elections Regulations.
Abstract: These regulations establish various elections with
respect to which immediate interim guidance on the time and manner of
making the elections is necessary. These regulations enable taxpayers
to take advantage of the benefits of various Code provisions.
Respondents: Individuals and Households.
Estimated Total Burden Hours: 6,712 hours.
OMB Number: 1545-1153.
Type of Review: Extension without change to a currently approved
collection.
Title: PS-73-89 (TD 8370) (Final) Excise Tax on Chemicals That
Deplete the Ozone Layer and on Products Containing Such Chemicals.
Abstract: Section 4681 imposes a tax on ozone-depleting chemicals
sold or used by a manufacturer or importer thereof and imported taxable
products sold or used by an importer thereof. A floor stocks tax is
also imposed. This regulation provides reporting and recordkeeping
rules.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 75,142 hours.
OMB Number: 1545-1331.
Type of Review: Extension without change to a currently approved
collection.
Title: PS-55-89 (TD 8566--Final) General Asset Accounts Under the
Accelerated Cost Recovery System.
Abstract: The regulations describe the time and manner of making
the election described in IRC Section 168(i)(4). Basic information
regarding this election is necessary to monitor compliance with the
rules in the IRC Section 168.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 250 hours.
OMB Number: 1545-1413.
Type of Review: Extension without change to a currently approved
collection.
Title: IA-30-95 (TD 8672--Final) Reporting on Non-payroll Withheld
Tax Liabilities.
Abstract: These regulations concern the Secretary's authority to
require a return of tax under section 6011 and provide for the
requirement of a return by persons deducting and withholding income tax
from ``Non-payroll'' payments.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-1600.
Type of Review: Extension without change to a currently approved
collection.
Title: REG-251703-96 (TD 8813--Final) Residence of Trusts and
Estates-7701.
Abstract: Section 1161 of the Taxpayer Relief Act of 1997, Public
Law 105-34, 111 Stat. 788 (1997), provides that a trust that was in
existence on August 20, 1996 (other than a trust treated as owned by
the grantor under subpart E of part I of subchapter J of chapter 1 of
the Internal Revenue Code of 1986) and that was treated as a United
States person on August 19, 1996, may elect to continue to be treated
as a United States person notwithstanding Sec. 7701(a)(30)(E) of the
Code. The election will require the Internal Revenue Service to collect
information. This regulation provides the procedure and requirements
for making the election to remain a domestic trust.
Respondents: Individuals and Households.
Estimated Total Burden Hours: 114 hours.
OMB Number: 1545-1621.
Type of Review: Extension without change to a currently approved
collection.
Title: W-8BEN, Certificate of Foreign Status of Beneficial Owner
for United States Tax Withholding, W-8ECI, Certificate of Foreign
Person's Claim for Exemption From Withholding on Income.
Form: W-8BEN; W-8ECI; W-8EXP; W-8IMY.
Abstract: Form W-8BEN is used for certain types of income to
establish that the person is a foreign person, is the beneficial owner
of the income for which Form W-8BEN is being provided and, if
applicable, to claim a reduced rate of, or exemption from, withholding
as a resident of a foreign country with which the United States has an
income tax treaty. Form W-8ECI is used to establish that the person is
a foreign person, is the beneficial owner of the income for which Form
W-8ECI is being provided, and to claim that the income is effectively
connected with the conduct of a trade or business within the United
States.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 43,280,135 hours.
OMB Number: 1545-1751.
Type of Review: Extension without change to a currently approved
collection.
Title: REG-107151-00 (TD 9035--Final) Constructive Transfers and
Transfers of Property to a Third Party on Behalf of a Spouse.
Abstract: The regulation sets forth the required information that
will permit spouses or former spouses to treat a redemption by a
corporation of stock of
[[Page 70775]]
one spouse or former spouse as a transfer of that stock to the other
spouse or former spouse in exchange for the redemption proceeds and a
redemption of the stock from the latter spouse or former spouse in
exchange for the redemption proceeds.
Respondents: Individuals and Households.
Estimated Total Burden Hours: 500 hours.
OMB Number: 1545-1886.
Type of Review: Extension without change to a currently approved
collection.
Title: Revenue Procedure 2004-35, Late Spousal S Corp Consents in
Community Property States.
Abstract: This revenue procedure requires the collection of certain
information in order for the taxpayer to gain relief for late
shareholder consents for Subchapter S elections. The information is
designed to make sure that applications for relief meet the
requirements set out in the revenue procedure.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 500 hours.
OMB Number: 1545-1900.
Type of Review: Extension without change to a currently approved
collection.
Title: REG-208254-90 (TD 9212--final) Source of Compensation for
Labor or Personal Services.
Abstract: The proposed regulation describes the appropriate bases
for determining the source of income from labor or personal services
performed partly within and partly without the United States. The
information required in Sec. 1.861-4(b)(2)(ii)(D) and (D)(6) will
enable an employee to source certain fringe benefits on a geographical
basis. The collections of information will, likewise, allow the IRS to
verify these determinations.
Respondents: Individuals and Households.
Estimated Total Burden Hours: 10,000 hours.
OMB Number: 1545-2058.
Type of Review: Extension without change to a currently approved
collection.
Title: U.S. Electronic Large Partnership Declaration for an I.R.S.
e-file return.
Form: 8453-B.
Abstract: If you are filing a 2006 Form 1065-B through an ISP and/
or transmitter and you are not using an ERO, you must file Form 8453-B
with your electronically filed return. An ERO can use either Form 8453-
B or Form 8879-B to obtain authorization to file the partnership's Form
1065-B.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 144 hours.
OMB Number: 1545-2062.
Type of Review: Extension without change to a currently approved
collection.
Title: Reconciliation of Schedule M-3 Taxable Income with Tax
Return Taxable Income for Mixed Groups.
Form: 8916.
Abstract: The Form 8916 reconciles taxable income per the Schedule
M-3 for the Forms 1120, 1120-L, or 1120-PC with the taxable income on
mixed groups filing Form 1120, 1120-L, or 1120-PC. This is necessary
because certain special adjustments are required to match taxable
income of mixed groups as reported on the Schedule M-3 with taxable
income they report on Forms 1120, 1120-L, or 1120-PC.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 3,385 hours.
OMB Number: 1545-2066.
Type of Review: Extension without change to a currently approved
collection.
Title: Notice of Recapture Event for New Markets Credit.
Form: 8874-B
Abstract: Form 8874-B, Notice of Recapture Event for New markets
Credit was developed because qualified CDEs must provide Taxpayers
holding a qualified equity investment with a completed Form 8874-B when
a recapture event occurs. Regulations section 1.45D-1(g)(2)(i)(B).
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 2,755 hours.
OMB Number: 1545-2070.
Type of Review: Extension without change to a currently approved
collection.
Title: Rev. Proc. 2007-48 Rotable Spare Parts Safe Harbor Method.
Abstract: The information for which the agency is requesting to
collect will support a taxpayer's claim for eligibility to use the safe
harbor method of accounting for rotable spare parts provided in the
proposed revenue procedures. The information will be submitted as a
supporting schedule for the Form 3115, Application for Change in
Accounting Method.
Respondents: Businesses or other for-profits.
Estimated Total Burden Hours: 75 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.
Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. 2010-29027 Filed 11-17-10; 8:45 am]
BILLING CODE 4830-01-P
