Submission for OMB Review; Comment Request, 14458-14459 [2011-6113]
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Federal Register / Vol. 76, No. 51 / Wednesday, March 16, 2011 / Notices
OMB Reviewer: Shagufta Ahmed,
Office of Management and Budget, New
Executive Office Building, Room 10235,
Washington, DC 20503; (202) 395–7873.
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
March 10, 2011.
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 April 15, 2011 to
be assured of consideration.
jlentini on DSKJ8SOYB1PROD with NOTICES
Alcohol and Tobacco Tax and Trade
Bureau (TTB)
OMB Number: 1513–0044.
Type of Review: Revision of a
currently approved collection.
Title: Notice of Change in Status of
Plant.
Abstract: The notice is necessary to
show the use of the distilled spirits
plant (DSP) premises for other activities
or by alternating proprietors. It
describes proprietor’s use of plant
premises and other information to show
that the change in plant status is in
conformity with laws and regulations.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 500
hours.
OMB Number: 1513–0050.
Type of Review: Extension without
change of a currently approved
collection.
Title: Tax Deferral Bond—Distilled
Spirits (Puerto Rico).
Form: TTB F 5110.50.
Abstract: TTB F 5110.50 is the bond
to secure payment of excise taxes on
distilled spirits shipped from Puerto
Rico to the U.S. on deferral of the tax.
The form identifies the principal, the
surety, purpose of bond, and allocation
of the penal sum among the principal’s
locations.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 10
hours.
Clearance Officer: Gerald Isenberg,
Alcohol and Tobacco Tax and Trade
Bureau, Room 200 East, 1310 G. Street,
NW., Washington, DC 20005; (202) 453–
2097.
VerDate Mar<15>2010
16:56 Mar 15, 2011
Jkt 223001
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2011–6115 Filed 3–15–11; 8:45 am]
BILLING CODE 4810–31–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
March 10, 2011.
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 April 15, 2011 to
be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–0200.
Type of Review: Revision of a
currently approved collection.
Title: Application for Determination
for Adopters of Master or Prototype or
Volume Submitter Plans.
Form: 5307.
Abstract: This form is filed by
employers or plan administrators who
have adopted a prototype plan approved
by the IRS National Office or a regional
prototype plan approved by the IRS
District Director to obtain a ruling that
the plan adopted is qualified under IRC
sections 401(a) and 501(a). It may not be
used to request a letter for a multiple
employer plan.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
5,139,000 hours.
OMB Number: 1545–1083.
Type of Review: Extension without
change of a currently approved
collection.
Title: INTL–399–88 (TD 8483)
Treatment of Dual Consolidated Losses.
Abstract: Section 1503(d) denies use
of the losses of one domestic
corporation by another affiliated
domestic corporation where the loss
PO 00000
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Fmt 4703
Sfmt 4703
corporation is also subject to the income
tax of another country. The regulation
allows an affiliate to make use of the
loss if the loss has not been used in the
foreign group, to take the loss into
income upon future use of the loss in
the foreign country. The regulation also
requires separate accounting for a dual
consolidated loss where the dual
resident corporation files a consolidated
return.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 1,620
hours.
OMB Number: 1545–1384.
Type of Review: Revision of a
currently approved collection.
Title: Taxpayer Statement Regarding
Refund.
Form: 3911.
Abstract: If taxpayer inquires about
their non-receipt of refund (or lost or
stolen refund) and the refund has been
issued, the information and taxpayer
signature are needed to begin tracing
action.
Respondents: Individuals or
Households.
Estimated Total Burden Hours: 1,660
hours.
OMB Number: 1545–1394.
Type of Review: Revision of a
currently approved collection.
Title: U.S. Income Tax Return for
Settlement Funds (Under Section 468B).
Form: 1120–SF.
Abstract: Form 1120–SF is used by
settlement funds to report income and
taxes on earnings of the fund. The fund
may be established by court order, a
breach of contract, a violation of law, an
arbitration panel, or the Environmental
Protection Agency. The IRS uses Form
1120–SF to determine if income and
taxes are correctly computed.
Respondents: Private Sector: Business
or other for-profits.
Estimated Total Burden Hours: 26,310
hours.
OMB Number: 1545–1423.
Type of Review: Extension without
change of a currently approved
collection.
Title: PS–106–91, (TD 8563) State
Housing Credit Ceiling and other Rules
Relating to the Low-Income Housing
Credit.
Abstract: This document contains
final regulations concerning the lowincome housing credit under section 42
of the Internal Revenue Code. The
regulations provide rules relating to the
order in which housing credit dollar
amounts are allocated from each State’s
housing credit ceiling under section
42(h)(3)(C) and the determination of
which States qualify to receive credit
E:\FR\FM\16MRN1.SGM
16MRN1
jlentini on DSKJ8SOYB1PROD with NOTICES
Federal Register / Vol. 76, No. 51 / Wednesday, March 16, 2011 / Notices
from a national pool of credit under
section 42(h)(3)(D). The regulations
affect State and local housing credit
agencies and taxpayers receiving credit
allocations, and provide them guidance
for complying with section 42. The final
regulations also amend § 1.42–5 to
provide a cross reference to section
42(g)(8)(B).
Respondents: Private Sector: Business
or other for-profits.
Estimated Total Burden Hours: 275
hours.
OMB Number: 1545–1471.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–209626–93 (TD 8796)
Notice, Consent, and Election
Requirements under Sections 411(a)(11)
and 417.
Abstract: Regulation section 1.411(a)11(c) provides that a participant’s
consent to a distribution under code
section 411(a)(11) is not valid unless the
participant receives a notice of his or
her rights under the plan no more than
90 and no less than 30 days prior to the
annuity starting date. Regulation section
1.417(e)-1 sets forth the same 90/30-day
time period for providing the notice
explaining the qualified joint and
survivor annuity and waiver rights
under Code section 417(a)(3).
Respondents: Private Sector: Business
or other for-profits.
Estimated Total Burden Hours: 8,333
hours.
OMB Number: 1545–1476.
Type of Review: Extension without
change of a currently approved
collection.
Title: INTL–3–95 (TD 8687) Source of
Income from Sales of Inventory and
Natural Resources Produced in One
Jurisdiction and Sold in Another
Jurisdiction.
Abstract: The information requested
is necessary for the Service to audit
taxpayers’ returns to ensure taxpayers
have properly determined the source of
income from sales of inventory
produced in one country and sold in
another.
Respondents: Private Sector: Business
or other for-profits.
Estimated Total Burden Hours: 1,125
hours.
OMB Number: 1545–1637.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–106177–98(TD 8845)
Adequate Disclosure of Gifts.
Abstract: The information requested
in regulation section 301.6501(c)-1(f) (2)
that must be provided on a gift tax
return is necessary to give the IRS a
VerDate Mar<15>2010
16:56 Mar 15, 2011
Jkt 223001
complete and accurate description of
the transfer in order to begin the
running of the statute of limitations on
the gift. Prior to the expiration of the
statute of limitations, a gift tax may be
assessed and the value may be adjusted
in order to determine the value of prior
taxable gifts for estate and gift tax
purposes.
Respondents: Individuals or
Households.
Estimated Total Burden Hours: 1
hour.
OMB Number: 1545–1925.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–125628–01 (TD 9243)
Revision of Income Tax Regulations
under Sections 358, 367, 884, and
6038B Dealing with Statutory Mergers
or Consolidations Under Section
368(a)(1)(A) involving One or More
Foreign Corporations, and Guidance
Necessary To Facilitate Business
Electronic Filing Under Section 6038B.
Abstract: The regulations provide
rules regarding the merger or
consolidation of domestic or foreign
corporations.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 50
hours.
OMB Number: 1545–2095.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–139236–07—Measurement
of Assets and Liabilities for Pension
Funding Purposes.
Abstract: These final regulations
under sections 430(d), 430(g), 430(h)(2),
and 430(i) provide guidance on the
determination of benefit liabilities and
the valuation of plan assets for purposes
of the funding requirements that apply
to single employer defined benefit plans
pursuant to changes made by the
Pension Protection Act of 2006. In order
to implement the statutory provisions
under section 430(h)(2), the regulations
provide for the sponsor of a defined
benefit plan to make any of several
elections related to the interest rate used
for minimum funding purposes and
require written notification of any such
election to be provided to the plan’s
enrolled actuary. These final regulations
provide for the sponsor of a defined
benefit pension plan to make any of
several elections.
Respondents: Private Sector:
Businesses or other for-profits, Not-forprofit institutions.
Estimated Total Burden Hours: 54,000
hours.
OMB Number: 1545–2190.
PO 00000
Frm 00091
Fmt 4703
Sfmt 9990
14459
Type of Review: Extension without
change of a currently approved
collection.
Title: IRS Paid Preparer Tax
Identification Number (PTIN)
Application.
Form: W–12.
Abstract: Paid tax return preparers
will be required to get a preparer tax
identification number (PTIN), and to
pay the fee required with the
application. A third party will
administer the PTIN application
process. Most applications will be filled
out on-line. Form W–12 is being
developed to replace Form W–7P. Form
W–12 will be used to collect the
information the new regulations require
and to collect the information the third
party needs to administer the PTIN
application process.
Respondents: Individuals or
Households.
Estimated Total Burden Hours:
1,464,000 hours.
OMB Number: 1545–2192.
Type of Review: Extension without
change of a currently approved
collection.
Title: Report of Branded Prescription
Drug Information.
Form: 8947.
Abstract: Per Section 9008 of the
Patient Protection and Affordable Care
Act (ACA), Public Law 111–148 (124
Stat. 119 (2010)), Form 8947 is used to
report controlled group status and
information on orphan drug credits
allowed for covered pharmaceutical
manufacturers and importers.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 3,680
hours.
Bureau Clearance Officer: Yvette
Lawrence, Internal Revenue Service,
1111 Constitution Avenue, NW.,
Washington, DC 20224; (202) 927–4374.
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. 2011–6113 Filed 3–15–11; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\16MRN1.SGM
16MRN1
]]>Agencies
[Federal Register Volume 76, Number 51 (Wednesday, March 16, 2011)]
[Notices]
[Pages 14458-14459]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-6113]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
March 10, 2011.
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 April 15, 2011
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0200.
Type of Review: Revision of a currently approved collection.
Title: Application for Determination for Adopters of Master or
Prototype or Volume Submitter Plans.
Form: 5307.
Abstract: This form is filed by employers or plan administrators
who have adopted a prototype plan approved by the IRS National Office
or a regional prototype plan approved by the IRS District Director to
obtain a ruling that the plan adopted is qualified under IRC sections
401(a) and 501(a). It may not be used to request a letter for a
multiple employer plan.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 5,139,000 hours.
OMB Number: 1545-1083.
Type of Review: Extension without change of a currently approved
collection.
Title: INTL-399-88 (TD 8483) Treatment of Dual Consolidated Losses.
Abstract: Section 1503(d) denies use of the losses of one domestic
corporation by another affiliated domestic corporation where the loss
corporation is also subject to the income tax of another country. The
regulation allows an affiliate to make use of the loss if the loss has
not been used in the foreign group, to take the loss into income upon
future use of the loss in the foreign country. The regulation also
requires separate accounting for a dual consolidated loss where the
dual resident corporation files a consolidated return.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1,620 hours.
OMB Number: 1545-1384.
Type of Review: Revision of a currently approved collection.
Title: Taxpayer Statement Regarding Refund.
Form: 3911.
Abstract: If taxpayer inquires about their non-receipt of refund
(or lost or stolen refund) and the refund has been issued, the
information and taxpayer signature are needed to begin tracing action.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 1,660 hours.
OMB Number: 1545-1394.
Type of Review: Revision of a currently approved collection.
Title: U.S. Income Tax Return for Settlement Funds (Under Section
468B).
Form: 1120-SF.
Abstract: Form 1120-SF is used by settlement funds to report income
and taxes on earnings of the fund. The fund may be established by court
order, a breach of contract, a violation of law, an arbitration panel,
or the Environmental Protection Agency. The IRS uses Form 1120-SF to
determine if income and taxes are correctly computed.
Respondents: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 26,310 hours.
OMB Number: 1545-1423.
Type of Review: Extension without change of a currently approved
collection.
Title: PS-106-91, (TD 8563) State Housing Credit Ceiling and other
Rules Relating to the Low-Income Housing Credit.
Abstract: This document contains final regulations concerning the
low-income housing credit under section 42 of the Internal Revenue
Code. The regulations provide rules relating to the order in which
housing credit dollar amounts are allocated from each State's housing
credit ceiling under section 42(h)(3)(C) and the determination of which
States qualify to receive credit
[[Page 14459]]
from a national pool of credit under section 42(h)(3)(D). The
regulations affect State and local housing credit agencies and
taxpayers receiving credit allocations, and provide them guidance for
complying with section 42. The final regulations also amend Sec. 1.42-
5 to provide a cross reference to section 42(g)(8)(B).
Respondents: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 275 hours.
OMB Number: 1545-1471.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-209626-93 (TD 8796) Notice, Consent, and Election
Requirements under Sections 411(a)(11) and 417.
Abstract: Regulation section 1.411(a)-11(c) provides that a
participant's consent to a distribution under code section 411(a)(11)
is not valid unless the participant receives a notice of his or her
rights under the plan no more than 90 and no less than 30 days prior to
the annuity starting date. Regulation section 1.417(e)-1 sets forth the
same 90/30-day time period for providing the notice explaining the
qualified joint and survivor annuity and waiver rights under Code
section 417(a)(3).
Respondents: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 8,333 hours.
OMB Number: 1545-1476.
Type of Review: Extension without change of a currently approved
collection.
Title: INTL-3-95 (TD 8687) Source of Income from Sales of Inventory
and Natural Resources Produced in One Jurisdiction and Sold in Another
Jurisdiction.
Abstract: The information requested is necessary for the Service to
audit taxpayers' returns to ensure taxpayers have properly determined
the source of income from sales of inventory produced in one country
and sold in another.
Respondents: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 1,125 hours.
OMB Number: 1545-1637.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-106177-98(TD 8845) Adequate Disclosure of Gifts.
Abstract: The information requested in regulation section
301.6501(c)-1(f) (2) that must be provided on a gift tax return is
necessary to give the IRS a complete and accurate description of the
transfer in order to begin the running of the statute of limitations on
the gift. Prior to the expiration of the statute of limitations, a gift
tax may be assessed and the value may be adjusted in order to determine
the value of prior taxable gifts for estate and gift tax purposes.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-1925.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-125628-01 (TD 9243) Revision of Income Tax Regulations
under Sections 358, 367, 884, and 6038B Dealing with Statutory Mergers
or Consolidations Under Section 368(a)(1)(A) involving One or More
Foreign Corporations, and Guidance Necessary To Facilitate Business
Electronic Filing Under Section 6038B.
Abstract: The regulations provide rules regarding the merger or
consolidation of domestic or foreign corporations.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 50 hours.
OMB Number: 1545-2095.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-139236-07--Measurement of Assets and Liabilities for
Pension Funding Purposes.
Abstract: These final regulations under sections 430(d), 430(g),
430(h)(2), and 430(i) provide guidance on the determination of benefit
liabilities and the valuation of plan assets for purposes of the
funding requirements that apply to single employer defined benefit
plans pursuant to changes made by the Pension Protection Act of 2006.
In order to implement the statutory provisions under section 430(h)(2),
the regulations provide for the sponsor of a defined benefit plan to
make any of several elections related to the interest rate used for
minimum funding purposes and require written notification of any such
election to be provided to the plan's enrolled actuary. These final
regulations provide for the sponsor of a defined benefit pension plan
to make any of several elections.
Respondents: Private Sector: Businesses or other for-profits, Not-
for-profit institutions.
Estimated Total Burden Hours: 54,000 hours.
OMB Number: 1545-2190.
Type of Review: Extension without change of a currently approved
collection.
Title: IRS Paid Preparer Tax Identification Number (PTIN)
Application.
Form: W-12.
Abstract: Paid tax return preparers will be required to get a
preparer tax identification number (PTIN), and to pay the fee required
with the application. A third party will administer the PTIN
application process. Most applications will be filled out on-line. Form
W-12 is being developed to replace Form W-7P. Form W-12 will be used to
collect the information the new regulations require and to collect the
information the third party needs to administer the PTIN application
process.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 1,464,000 hours.
OMB Number: 1545-2192.
Type of Review: Extension without change of a currently approved
collection.
Title: Report of Branded Prescription Drug Information.
Form: 8947.
Abstract: Per Section 9008 of the Patient Protection and Affordable
Care Act (ACA), Public Law 111-148 (124 Stat. 119 (2010)), Form 8947 is
used to report controlled group status and information on orphan drug
credits allowed for covered pharmaceutical manufacturers and importers.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 3,680 hours.
Bureau Clearance Officer: Yvette Lawrence, Internal Revenue
Service, 1111 Constitution Avenue, NW., Washington, DC 20224; (202)
927-4374.
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. 2011-6113 Filed 3-15-11; 8:45 am]
BILLING CODE 4830-01-P
