Proposed Collection; Comment Request for Form 8864, 32404 [2011-13890]
Download as PDF
<![CDATA[
jlentini on DSK4TPTVN1PROD with NOTICES
32404
Federal Register / Vol. 76, No. 108 / Monday, June 6, 2011 / Notices
guidance on domestic reinvestment
plans and on investments in the United
States described in section 965(b)(4)(B).
The Treasury Department and the
Internal Revenue Service (IRS) intend to
issue additional notices providing
guidance concerning section 965,
including rules relating to the foreign
tax credit and expense allocation, rules
for adjusting the calculation of the base
period amounts to take into account
mergers, acquisitions and spin-offs, and
rules regarding controlled groups. The
Treasury Department and the IRS expect
to issue regulations that incorporate the
guidance provided in this and the
subsequent notices. Notice 2005–38
primarily addresses the limitations,
described in section 965(b)(1), (2), and
(3), on the amount of dividends that a
corporation that is a U.S. shareholder of
a controlled foreign corporation may
treat as eligible for the dividends
received deduction under section 965(a)
(DRD or section 965(a) DRD), including
the effects of certain transactions on
such limitations.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
25,000.
Estimated Time per Respondent: 150
hours.
Estimated Total Annual Burden
Hours: 3,750,000.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
VerDate Mar<15>2010
16:06 Jun 03, 2011
Jkt 223001
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: May 18, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011–13891 Filed 6–3–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8864
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
8864, Biodiesel Fuels Credit.
DATES: Written comments should be
received on or before August 5, 2011 to
be assured of consideration.
ADDRESSES: Direct all written comments
to, Yvette B. Lawrence, Internal
Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form(s) and instructions
should be directed to Joel Goldberger
(202) 927–9368, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet at
Joel.P.Goldberger@irs.gov.
SUMMARY:
SUPPLEMENTARY INFORMATION:
Title: Biodiesel Fuels Credit.
OMB Number: 1545–1924.
Form Number: 8864.
Abstract: The American Jobs Creation
Act of 2004, section 302, added new
code section 40A, credit for biodiesel
used as a fuel. Form 8864 has been
developed to allow taxpayers to
compute the biodiesel fuels credit.
PO 00000
Frm 00050
Fmt 4703
Sfmt 9990
Section 38(b)(17) allows the biodiesel
credit to be taken as a credit against
income tax for businesses that sell or
use biodiesel mixed with other fuels or
sold as straight biodiesel.
Current Actions: There are no changes
being made to Form 8864 at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
40.
Estimated Total Annual Burden
Hours: 310.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: May 20, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011–13890 Filed 6–3–11; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\06JNN1.SGM
06JNN1
]]>Agencies
[Federal Register Volume 76, Number 108 (Monday, June 6, 2011)]
[Notices]
[Page 32404]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-13890]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8864
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 8864, Biodiesel Fuels Credit.
DATES: Written comments should be received on or before August 5, 2011
to be assured of consideration.
ADDRESSES: Direct all written comments to, Yvette B. Lawrence, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form(s) and instructions should be directed to Joel
Goldberger (202) 927-9368, Internal Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the Internet
at Joel.P.Goldberger@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Biodiesel Fuels Credit.
OMB Number: 1545-1924.
Form Number: 8864.
Abstract: The American Jobs Creation Act of 2004, section 302,
added new code section 40A, credit for biodiesel used as a fuel. Form
8864 has been developed to allow taxpayers to compute the biodiesel
fuels credit. Section 38(b)(17) allows the biodiesel credit to be taken
as a credit against income tax for businesses that sell or use
biodiesel mixed with other fuels or sold as straight biodiesel.
Current Actions: There are no changes being made to Form 8864 at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit.
Estimated Number of Respondents: 40.
Estimated Total Annual Burden Hours: 310.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: May 20, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011-13890 Filed 6-3-11; 8:45 am]
BILLING CODE 4830-01-P
