Proposed Collection; Comment Request for Revenue Procedure(s), 44656-44657 [2011-18768]

Download as PDF 44656 Federal Register / Vol. 76, No. 143 / Tuesday, July 26, 2011 / Notices DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Privacy Act of 1974, as Amended Office of the Comptroller of the Currency, Treasury. ACTION: Adoption of Privacy Act Systems of Records. AGENCY: The Office of the Comptroller of the Currency (OCC), a bureau of the Department of Treasury, is publishing this notice to notify all interested parties, pursuant to section (e)(4) of the Privacy Act (5 U.S.C. 552a(e)(4)), that the OCC hereby adopts the Privacy Act systems of records of the Office of Thrift Supervision (OTS). A list of the systems of the OTS can be found at 74 FR 31103, June 29, 2009, and can be updated with reference to 76 FR 7243 and 76 FR 7242, February 9, 2011. DATES: Effective Date: July 21, 2011. FOR FURTHER INFORMATION CONTACT: Roger Mahach, Chief Information Security and Privacy Officer, (202) 649– 5830; Frank Vance, Jr., Disclosure Officer, Communications Division, (202) 874–4700; or, Kristin Merritt, Special Counsel, Administrative and Internal Law Division, (202) 874–4460, 250 E Street, SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: Pursuant to section 313 of Title III of the Dodd Frank Wall Street Reform and Consumer Protection Act, Public Law 111–203– July 21, 2010 (the Act), the OTS will be abolished. On July 21, 2011 (the designated transfer date under section 1062 of the Act), pursuant to section 312 of the Act, the OTS will be integrated into the OCC. Following this integration, all functions of the OTS and the Director of the OTS that are related to Federal savings associations (and not otherwise transferred to another agency pursuant to the Act) will be transferred to the OCC and the Comptroller of the Currency. This includes all rulemaking authority of the OTS and the Director of the OTS, respectively, relating to savings associations. Also, pursuant to section 312 of the Act, the OCC and the Comptroller succeed in all powers, authorities, rights and duties that were vested in the OTS and the Director of the OTS on the day before the transfer date relating to the functions transferred. Thus, the OCC is charged with assuring the safety and soundness of, and compliance with laws and regulations, fair access to financial services, and fair treatment of customers by, the institutions, including national banks and Federal savings associations, and other persons subject to its sroberts on DSK5SPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 16:12 Jul 25, 2011 Jkt 223001 jurisdiction. 12 U.S.C. 1 (as amended by section 324 of the Act). The OCC anticipates adopting and publishing in the Federal Register all changes to the OTS’ Privacy Act systems of records necessary for the OCC to carry out the provisions of 12 U.S.C. 1 et seq. (as amended), and the Act, and all other laws within the jurisdiction of the OCC. Dated: July 18, 2011. Veronica Marco, Acting Deputy Assistant Secretary for Privacy, Transparency and Records. [FR Doc. 2011–18885 Filed 7–25–11; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Revenue Procedure(s) 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)). The IRS is soliciting comments concerning information collection requirements related to waiver of 60-month bar on reconsolidation after disaffililiation and procedure to eliminate impediments to e-filing consolidated returns and reduce reporting requirements. DATES: Written comments should be received on or before September 26, 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 revenue procedure should be directed to Joel Goldberger at (202) 927– 9368, or at Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet, at Joel.P.Goldberger@irs.gov. SUMMARY: Title: Revenue Procedure 2002–32, Waiver of 60–Month Bar on Reconsolidation after Disaffiliation; Revenue Procedure 2006– 21, to Eliminate Impediments to E– SUPPLEMENTARY INFORMATION: PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 Filing Consolidated Returns and Reduce Reporting Requirements. OMB Number: 1545–1784. Revenue Procedure Numbers: 2002– 32 and 2006–21. Abstract: Revenue Procedure 2002–32 provides qualifying taxpayers with a waiver of the general rule of § 1504(a)(3)(A) of the Internal Revenue Code barring corporations from filing consolidated returns as a member of a group of which it had been a member for 60 months following the year of disaffiliation; Revenue Procedure 2006– 21 modifies Rev. Proc. 89–56, 1989–2 C.B. 643, Rev. Proc. 90–39, 1990–2 C.B. 365, and Rev. Proc. 2002–32, 2002–20 IRB p.959, to eliminate impediments to the electronic filing of Federal income tax returns (e-filing) and to reduce the reporting requirements in each of these revenue procedures. Current Actions: There are no changes being made to the revenue procedure at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated number of respondents: 20. The estimated annual burden per respondent varies from 2 hours to 8 hours, depending on individual circumstances, with an estimated average of 5 hours. Estimated total annual reporting burden: 100. 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 E:\FR\FM\26JYN1.SGM 26JYN1 Federal Register / Vol. 76, No. 143 / Tuesday, July 26, 2011 / Notices 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: July 8, 2011. Yvette B. Lawrence, OMB Reports Clearance Officer. [FR Doc. 2011–18768 Filed 7–25–11; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for A Notice 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)). The IRS is soliciting comments concerning information collection requirements related to election to defer net experience loss in a multiemployer plan. DATES: Written comments should be received on or before September 26, 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 notice should be directed to Joel Goldberger, at (202) 927–9368, or at 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: Election to Defer Net Experience Loss in a Multiemployer Plan. OMB Number: 1545–1935. Notice Number: Notice 2005–40. Abstract: This notice describes the election that must be filed by an eligible multiemployer plan’s enrolled actuary to the Service in order to defer a net experience loss. The notice also describes the notification that must be sroberts on DSK5SPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 16:12 Jul 25, 2011 Jkt 223001 given to plan participants and beneficiaries, to labor organizations, to contributing employers and to the Pension Benefit Guaranty Corporation within 30 days of making an election with the Service and the certification that must be filed if a restricted amendment is adopted. Current Actions: There are no changes being made to the notice at this time. Type of Review: Extension of a currently approved new collection. Affected Public: Business or other forprofit organizations, and not-for-profit institutions. Estimated Number of Respondents: 12. Estimated Average Time per Respondent: 80 hours. Estimated Total Annual Burden Hours: 960. 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; 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: July 15, 2011. Yvette B. Lawrence, IRS Reports Clearance Officer. [FR Doc. 2011–18779 Filed 7–25–11; 8:45 am] BILLING CODE 4830–01–P PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 44657 DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 1125–A 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 1125–A, Cost of Goods Sold. DATES: Written comments should be received on or before September 26, 2011 to be assured of consideration. ADDRESSES: Direct all written comments to Yvette 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 Joel Goldberger, (202) 927–9368, at 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: Cost of Goods Sold. OMB Number: 1545–XXXX. Form Number: Form 1125–A. Abstract: During a re-design of Form 1120 U.S. Corporation Income Tax Return, related to the inclusion of ‘‘Merchant Card Receipts’’, it was deemed to be more efficient to present the data required to report ‘‘Cost of goods sold’’ on a new form. This new form, 1125–A, would be attached to form 1120, as well as to other forms that require this information. Current Actions: This new form is being submitted for OMB approval. Type of Review: New collection. Affected Public: Businesses and other for-profit organizations. Estimated Number of Respondents: 3,560,000. Estimated Time per Respondent: 8 hours 47 minutes. Estimated Total Annual Burden Hours: 31,185,600. The following paragraph applies to all of the collections of information covered by this notice: SUMMARY: E:\FR\FM\26JYN1.SGM 26JYN1

Agencies

[Federal Register Volume 76, Number 143 (Tuesday, July 26, 2011)]
[Notices]
[Pages 44656-44657]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-18768]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure(s)

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)). The IRS is soliciting comments concerning information 
collection requirements related to waiver of 60-month bar on 
reconsolidation after disaffililiation and procedure to eliminate 
impediments to e-filing consolidated returns and reduce reporting 
requirements.

DATES: Written comments should be received on or before September 26, 
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 revenue procedure should be directed to Joel Goldberger at 
(202) 927-9368, or at 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: Revenue Procedure 2002-32, Waiver of 
60-Month Bar on Reconsolidation after Disaffiliation; Revenue Procedure 
2006-21, to Eliminate Impediments to E-Filing Consolidated Returns and 
Reduce Reporting Requirements.
    OMB Number: 1545-1784.
    Revenue Procedure Numbers: 2002-32 and 2006-21.
    Abstract: Revenue Procedure 2002-32 provides qualifying taxpayers 
with a waiver of the general rule of Sec.  1504(a)(3)(A) of the 
Internal Revenue Code barring corporations from filing consolidated 
returns as a member of a group of which it had been a member for 60 
months following the year of disaffiliation; Revenue Procedure 2006-21 
modifies Rev. Proc. 89-56, 1989-2 C.B. 643, Rev. Proc. 90-39, 1990-2 
C.B. 365, and Rev. Proc. 2002-32, 2002-20 IRB p.959, to eliminate 
impediments to the electronic filing of Federal income tax returns (e-
filing) and to reduce the reporting requirements in each of these 
revenue procedures.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated number of respondents: 20.
    The estimated annual burden per respondent varies from 2 hours to 8 
hours, depending on individual circumstances, with an estimated average 
of 5 hours.
    Estimated total annual reporting burden: 100.
    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

[[Page 44657]]

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: July 8, 2011.
Yvette B. Lawrence,
OMB Reports Clearance Officer.
[FR Doc. 2011-18768 Filed 7-25-11; 8:45 am]
BILLING CODE 4830-01-P