Proposed Collection; Comment Request for Regulation Project, 34292-34293 [2011-14525]
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emcdonald on DSK2BSOYB1PROD with NOTICES
34292
Federal Register / Vol. 76, No. 113 / Monday, June 13, 2011 / Notices
section 6103 of the Internal Revenue
Code to redisclose returns and return
information based on a written request
and with the Commissioner’s approval,
to any authorized recipient set forth in
Code section 6103, subject to the same
conditions and restrictions, and for the
same purposes, as if the recipient had
received the information from the IRS
directly.
Respondents: State and Local
Agencies.
Estimated Total Burden Hours: 11.
OMB Number: 1545–1912.
Type of Review: Extension without
change of a currently approved
collection.
Title: Election of Partnership Level
Tax Treatment.
Form: 8893.
Abstract: IRC section 6231(a)(1)(B)(ii)
allows small partnerships to elect to be
treated under the unified audit and
litigation procedures. Form 8893 will
allow IRS to better track these elections
by providing a standardized format for
this election.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 227.
OMB Number: 1545–1915.
Type of Review: Extension without
change of a currently approved
collection.
Title: Notice 2005–4, Fuel Tax
Guidance, as modified by Notice 2005–
24.
Abstract: Notice 2005–4 provides
guidance on certain excise tax
provisions in the Internal Revenue Code
that were added or affected by the
American Jobs Creation Act of 2004
(Pub. L. 108–357) (Act). These
provisions relate to: alcohol and
biodiesel fuels; the definition of offhighway vehicles; aviation-grade
kerosene; claims related to diesel fuel
used in certain buses; the display of
registration on certain vessels; claims
related to sales of gasoline to state and
local governments and nonprofit
educational organizations; two party
exchanges of taxable fuel; and the
classification of transmix and certain
diesel fuel blendstocks as diesel fuel.
Notice 2005–24 modifies Notice 2005–4,
by extending the transitional rule
related to sales of gasoline on oil
company credit cards and by making
several corrections to Notice 2005–4.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
76,190.
OMB Number: 1545–2202.
Type of Review: Extension without
change of a currently approved
collection.
VerDate Mar<15>2010
16:06 Jun 10, 2011
Jkt 223001
Title: New Hire Retention Credit.
Form: 5884–B.
Abstract: Form 5884–B, New Hire
Retention Credit, was developed to
carry out the provisions of section 102
of the Hiring Incentives to Restore
Employment (HIRE) Act (Public Law
(P.L.) 111–147). The new form provides
a means for employers to calculate and
claim the credit. This credit is a new
non-Code general business credit and
the form is required to be attached to the
tax return.
Respondents: Private Sector:
Businesses or other for-profits, Farms,
Not-for-profit institutions.
Estimated Total Burden Hours:
13,815,000.
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. 2011–14502 Filed 6–10–11; 8:45 am]
BILLING CODE 4810–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
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
information collection requirements
related to Passive Foreign Investment
Companies.
SUMMARY:
Written comments should be
received on or before August 12, 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
DATES:
PO 00000
Frm 00090
Fmt 4703
Sfmt 4703
copies of the form and instructions
should be directed to Elaine Christophe,
(202) 622–3179, at Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the internet at
Elaine.H.Christophe@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Passive Foreign Investment
Companies.
OMB Number: 1545–1028.
Regulation Project Number: INTL–
941–86 and INTL–655–87 (TD 8178).
Abstract: These regulations specify
how U.S. persons who are shareholders
of passive foreign investment companies
(PFICs) make elections with respect to
their PFIC stock.
Current Actions: There are no changes
being made to the regulation at this
time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
275,000.
Estimated Time per Respondent: 25
minutes.
Estimated Total Annual Burden
Hours: 112,500.
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,
E:\FR\FM\13JNN1.SGM
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Federal Register / Vol. 76, No. 113 / Monday, June 13, 2011 / Notices
maintenance, and purchase of services
to provide information.
Approved: May 24, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011–14525 Filed 6–10–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1099–C
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
1099–C, Cancellation of Debt.
DATES: Written comments should be
received on or before August 12, 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 and instructions
should be directed to Elaine Christophe,
at (202) 622–3179, or at Internal
Revenue Service, Room 6516, 1111
Constitution Avenue, NW., Washington,
DC 20224 or through the Internet at
Elaine.H.Christophe@irs.gov.
SUMMARY:
emcdonald on DSK2BSOYB1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
Title:
Cancellation of Debt.
OMB Number: 1545–1424.
Form Number: 1099–C.
Abstract: Form 1099–C is used by
Federal government agencies, financial
institutions, and credit unions to report
the cancellation or forgiveness of a debt
of $600 or more, as required by section
6050P of the Internal Revenue Code.
The IRS uses the form to verify
compliance with the reporting rules and
to verify that the debtor has included
the proper amount of canceled debt in
income on his or her income tax return.
Current Actions: There are no major
changes being made to the form at this
time.
VerDate Mar<15>2010
16:06 Jun 10, 2011
Jkt 223001
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, not-for-profit
institutions, and the Federal
government.
Estimated Number of Responses:
3,885,872.
Estimated Time per Response: 13 min.
Estimated Total Annual Burden
Hours: 854,892.
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 31, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011–14531 Filed 6–10–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8582
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
PO 00000
Frm 00091
Fmt 4703
Sfmt 4703
34293
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
8582, Passive Activity Loss Limitations.
DATES: Written comments should be
received on or before August 12, 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 and instructions
should be directed to Elaine Christophe,
(202) 622–3179, Internal Revenue
Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet at
Elaine.H.Christophe@irs.gov.
SUMMARY:
SUPPLEMENTARY INFORMATION:
Title: Passive Activity Loss
Limitations.
OMB Number: 1545–1008.
Form Number: 8582.
Abstract: Under Internal Revenue
Code section 469, losses from passive
activities, to the extent that they exceed
income from passive activities, cannot
be deducted against nonpassive income.
Form 8582 is used to figure the passive
activity loss allowed and the loss to be
reported on the tax returns.
Current Actions: There are no major
changes being made to the form at this
time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals, and
farms.
Estimated Number of Respondents:
2,414,854.
Estimated Time per Respondent: 3
hours, 30 minutes.
Estimated Total Annual Burden
Hours: 8,451,989.
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
E:\FR\FM\13JNN1.SGM
13JNN1
]]>Agencies
[Federal Register Volume 76, Number 113 (Monday, June 13, 2011)]
[Notices]
[Pages 34292-34293]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-14525]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Regulation Project
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
information collection requirements related to Passive Foreign
Investment Companies.
DATES: Written comments should be received on or before August 12, 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 and instructions should be directed to Elaine
Christophe, (202) 622-3179, at Internal Revenue Service, Room 6516,
1111 Constitution Avenue, NW., Washington, DC 20224, or through the
internet at Elaine.H.Christophe@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Passive Foreign Investment Companies.
OMB Number: 1545-1028.
Regulation Project Number: INTL-941-86 and INTL-655-87 (TD 8178).
Abstract: These regulations specify how U.S. persons who are
shareholders of passive foreign investment companies (PFICs) make
elections with respect to their PFIC stock.
Current Actions: There are no changes being made to the regulation
at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 275,000.
Estimated Time per Respondent: 25 minutes.
Estimated Total Annual Burden Hours: 112,500.
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,
[[Page 34293]]
maintenance, and purchase of services to provide information.
Approved: May 24, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011-14525 Filed 6-10-11; 8:45 am]
BILLING CODE 4830-01-P
