Submission for OMB Review; Comment Request, 2752-2753 [2011-813]
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Federal Register / Vol. 76, No. 10 / Friday, January 14, 2011 / Notices
Abstract: The rule affects
organizations described in Internal
Revenue Code section 501(c)(3) and (4)
applicable tax-exempt organizations).
The collection of information entails
obtaining and relying on appropriate
comparability data and documenting the
basis of an organization’s determination
that compensation is reasonable, or a
property transfer (or transfer of the right
to use property) is at fair market value.
These actions comprise two of the
requirements specified in the legislative
history for obtaining the rebuttable
presumption of reasonableness.
Respondents: Private Sector: Not-forprofit institutions.
Estimated Total Burden Hours:
910,083 hours.
OMB Number: 1545–2182.
Type of Review: Extension without
change to a currently approved
collection.
Title: REG–125592–10, Affordable
Care Act Internal Claims and Appeals
and External review Disclosures.
Abstract: Section 2719 of the Public
Health Service Act, incorporated into
Code section 9815 by section 1563(f) of
the Patient Protection and Affordable
Care Act, Public Law 111–148, requires
group health plans and issuers of group
health insurance coverage, in
connection with internal appeals of
claims denials, to provide claimants free
of charge with any evidence relied upon
in deciding the appeal that was not
relied on in making the initial denial of
the claim. This is a third party
disclosure requirement. Individuals
appealing a denial of a claim should be
able to respond to any new evidence the
plan or issuer relies on in the appeal,
and this disclosure requirement is
essential so that the claimant knows of
the new evidence.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 150
hours.
OMB Number: 1545–1010.
Type of Review: Extension without
change to a currently approved
collection.
Title: U.S. Income Tax Return for
Regulated Investment Companies.
Form: 1120–RIC.
Abstract: Form 1120–RIC is filed by a
domestic corporation electing to be
taxed as a RIC in order to report its
income and deductions and to compute
its tax liability. IRC uses Form 1120–RIC
to determine whether the RIC has
correctly reported its income,
deductions, and tax liability.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
369,021 hours.
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OMB Number: 1545–1186.
Type of Review: Extension without
change to a currently approved
collection.
Title: Form 8825—Rental Real Estate
Income and Expense of a Partnership or
an S Corporation.
Form: 8825.
Abstract: Form 8825 is used to verify
that partnerships and S corporations
have correctly reported their income
and expenses from rental real estate
property. The form is filed with either
Form 1065 or Form 1120S.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
6,288,600 hours.
OMB Number: 1545–0971.
Type of Review: Extension without
change to a currently approved
collection.
Title: Estimated Income Tax for
Estates and Trusts.
Form: 1041–ES, 1041–ES (PR).
Abstract: Internal Revenue Code
section 6654(1) imposes a penalty on
trusts, and in certain circumstances, a
decedent’s estate, for underpayment of
estimated tax. Form 1041–ES is used by
the fiduciary to make the estimated tax
payments. For ‘‘first-time’’ filers, the
form is available in an Over The
Counter (OTC) version at IRS offices.
For previous filers, the form is sent to
them by the IRS with preprinted
vouchers in the Optical Character
Resolution (OCR) version.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
3,161,236 hours.
OMB Number: 1545–0056.
Type of Review: Extension without
change to a currently approved
collection.
Title: Form 1023, Application for
Recognition of Exemption Under
Section 501(c)(3) of the Internal
Revenue Code.
Abstract: Form 1023 is filed by
applicants seeking Federal income tax
exemption as organization described in
section 501(c)(3). IRS uses the
information to determine if the
applicant is exempt and whether the
applicant is a private foundation.
Form: 1023.
Respondents: Private Sector: Not-forprofit institutions.
Estimated Total Burden Hours:
3,138,550 hours.
Bureau Clearance Officer: Allan
Hopkins, Internal Revenue Service,
1111 Constitution Avenue, NW.,
Washington, DC 20224; (202) 622–6665
OMB Reviewer: Shagufta Ahmed,
Office of Management and Budget, New
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Executive Office Building, Room 10235,
Washington, DC 20503; (202) 395–7873
Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. 2011–810 Filed 1–13–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
January 10, 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 submission 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 February 14, 2011
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–1292.
Type of Review: Extension without
change to a currently approved
collection.
Title: PS–97–91 and PS–101–90 (T.D.
8448) Enhanced Oil Recovery Credit.
Abstract: This regulation provides
guidance concerning the costs subject to
the enhanced oil recovery credit, the
circumstances under which the credit is
available, and procedures for certifying
to the Internal Revenue Service that a
project meets the requirements of
section 43(c) of the Internal Revenue
Code.
Respondents: Private sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 1,460
hours.
OMB Number: 1545–1324.
Type of Review: Extension without
change of a currently approved
collection.
Title: CO–88–90 (TD 8530—Final)
Limitation on Net Operating Loss
Carryforwards and Certain Built-in
Losses Following Ownership Change;
Rule for Value of a Loss Corporation
Under the Jurisdiction of a Court in a
Title II Case.
Abstract: This information serves as
evidence of an election to apply section
382(1)(6) in lieu of section 382(1)(5) and
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Federal Register / Vol. 76, No. 10 / Friday, January 14, 2011 / Notices
an election to apply the provisions of
the regulations retroactively. It is
required by the Internal Revenue
Service to assure that the proper amount
of carryover attributes are used by a loss
corporation following specified types of
ownership changes.
Respondents: Private sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 813
hours.
Bureau Clearance Officer: Allan
Hopkins, Internal Revenue Service,
1111 Constitution Avenue, NW.,
Washington, DC 20224; (202) 622–6665.
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. 2011–813 Filed 1–13–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Proposed Agency
Information Collection Activities;
Comment Request
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to comment on a continuing
information collection, as required by
the Paperwork Reduction Act of 1995.
An agency may not conduct or sponsor,
and a respondent is not required to
respond to, an information collection
unless it displays a currently valid
Office of Management and Budget
(OMB) control number. The OCC is
soliciting comment concerning its
information collection titled ‘‘Loans in
Areas Having Special Flood Hazards.’’
DATES: You should submit written
comments by: March 15, 2011.
ADDRESSES: Communications Division,
Office of the Comptroller of the
Currency, Mail Stop 2–3, Attention:
1557–0202, 250 E Street, SW.,
Washington, DC 20219. In addition,
comments may be sent by fax to (202)
874–5274, or by electronic mail to
regs.comments@occ.treas.gov. You may
personally inspect and photocopy
comments at the OCC, 250 E Street,
SW., Washington, DC. For security
reasons, the OCC requires that visitors
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SUMMARY:
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make an appointment to inspect
comments. You may do so by calling
(202) 874–4700. Upon arrival, visitors
will be required to present valid
government-issued photo identification
and to submit to security screening in
order to inspect and photocopy
comments.
Additionally, you should send a copy
of your comments to OCC Desk Officer,
1557–0202, by mail to U.S. Office of
Management and Budget, 725 17th
Street, NW., #10235, Washington, DC
20503, or by fax to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: You
can request additional information or a
copy of the collection from Mary H.
Gottlieb, (202) 874–5090, Legislative
and Regulatory Activities Division,
Office of the Comptroller of the
Currency, 250 E Street, SW.,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC
is proposing to extend OMB approval of
the following information collection:
Title: Loans in Areas Having Special
Flood Hazards—12 CFR 22.
OMB Control Number: 1557–0202.
Description: The regulation requires
national banks to make disclosures and
keep records regarding whether a
property held as security for a loan is
located in a special flood hazard area.
This information collection is
required by section 303(a) 1 and title V
of the Riegle Community Development
and Regulatory Improvement Act,2 the
National Flood Insurance Reform Act of
1994 amendments to the National Flood
Insurance Act of 1968,3 the Flood
Disaster Protection Act of 1973,4 and by
OCC regulations implementing those
statutes. The information collection
requirements are contained in 12 CFR
part 22.
Section 22.6 requires a national bank
to use the Standard Flood Hazard
Determination Form developed by the
Federal Emergency Management Agency
(FEMA) and to maintain a completed
copy of that form for the period of time
the bank owns the loan.
Section 22.7 requires a national bank
or its loan servicer, if a borrower has not
obtained flood insurance, to notify the
borrower to obtain adequate flood
insurance coverage or the bank or
servicer will purchase flood insurance
on the borrower’s behalf.
Section 22.9 requires a national bank
making, extending, increasing, or
renewing a loan secured by a building
or a mobile home located in a special
flood hazard area to advise the borrower
1 12
U.S.C. 4804.
U.S.C. 4104(a).
3 12 U.S.C. 4104a and 4104b.
4 12 U.S.C. 4012a and 4106(b).
2 42
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2753
and the loan servicer that the property
is located in a special flood hazard area,
provide a description of the flood
insurance purchase requirements, and
provide information regarding the
availability of insurance under the
National Flood Insurance Program and
of Federal assistance in the event of a
declared Federal flood disaster. In lieu
of providing the borrower notice, a
national bank may obtain a satisfactory
written assurance from a seller or lessor
that, within a reasonable time before
completion of the sale or lease
transaction, the seller or lessor provided
such notice to the purchaser or lessee.
For the period of time the bank owns
the loan, the bank must maintain a
record of the borrower’s and loan
servicer’s receipts of these notices and,
where appropriate, the written
assurance from the seller or the lessor.
Section 22.10 requires a national bank
making, increasing, extending,
renewing, selling, or transferring a loan
secured by a building or a mobile home
located in a special flood hazard area to
notify FEMA of the identity of the
servicer, and of any change in servicers.
These information collection
requirements ensure bank compliance
with applicable Federal law, further
bank safety and soundness, provide
protections for banks and the public,
and further public policy interests.
Type of Review: Regular review.
Affected Public: Businesses or other
for-profit.
Estimated Number of Respondents:
1,650.
Estimated Total Annual Responses:
166,650.
Estimated Frequency of Response: On
occasion.
Estimated Time per Respondent: 25.5
hours.
Estimated Total Annual Burden:
42,075 hours.
An agency may not conduct or
sponsor, and a respondent is not
required to respond to, an information
collection unless the information
collection displays a currently valid
OMB control number.
Comments submitted in response to
this notice will be summarized and/or
included in the request for OMB
approval. All comments 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;
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Agencies
[Federal Register Volume 76, Number 10 (Friday, January 14, 2011)]
[Notices]
[Pages 2752-2753]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-813]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
January 10, 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 submission
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 February 14,
2011 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1292.
Type of Review: Extension without change to a currently approved
collection.
Title: PS-97-91 and PS-101-90 (T.D. 8448) Enhanced Oil Recovery
Credit.
Abstract: This regulation provides guidance concerning the costs
subject to the enhanced oil recovery credit, the circumstances under
which the credit is available, and procedures for certifying to the
Internal Revenue Service that a project meets the requirements of
section 43(c) of the Internal Revenue Code.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1,460 hours.
OMB Number: 1545-1324.
Type of Review: Extension without change of a currently approved
collection.
Title: CO-88-90 (TD 8530--Final) Limitation on Net Operating Loss
Carryforwards and Certain Built-in Losses Following Ownership Change;
Rule for Value of a Loss Corporation Under the Jurisdiction of a Court
in a Title II Case.
Abstract: This information serves as evidence of an election to
apply section 382(1)(6) in lieu of section 382(1)(5) and
[[Page 2753]]
an election to apply the provisions of the regulations retroactively.
It is required by the Internal Revenue Service to assure that the
proper amount of carryover attributes are used by a loss corporation
following specified types of ownership changes.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 813 hours.
Bureau Clearance Officer: Allan Hopkins, Internal Revenue Service,
1111 Constitution Avenue, NW., Washington, DC 20224; (202) 622-6665.
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. 2011-813 Filed 1-13-11; 8:45 am]
BILLING CODE 4830-01-P