Submission for OMB Review; Comment Request, 78081-78082 [2011-32176]
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Federal Register / Vol. 76, No. 241 / Thursday, December 15, 2011 / Notices
may be filed at any time. The filing of
a petition to revoke will not
automatically stay the effectiveness of
the exemption. Stay petitions must be
filed no later than December 22, 2011 (at
least 7 days before the exemption
becomes effective).
An original and 10 copies of all
pleadings, referring to Docket No. FD
35573, must be filed with the Surface
Transportation Board, 395 E Street SW.,
Washington, DC 20423–0001. In
addition, a copy of each pleading must
be served on Karl Morell, Ball Janik
LLP, 655 Fifteenth Street NW., Suite
225, Washington, DC 20005.
Board decisions and notices are
available on our Web site at ‘‘https://
www.stb.dot.gov.’’
Decided: December 12, 2011.
By the Board, Rachel D. Campbell,
Director, Office of Proceedings.
Raina S. White,
Clearance Clerk.
[FR Doc. 2011–32161 Filed 12–14–11; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
mstockstill on DSK4VPTVN1PROD with NOTICES
December 12, 2011.
The Department of the Treasury will
submit the following information
collection request to the Office of
Management and Budget (OMB) for
review and clearance in accordance
with the Paperwork Reduction Act of
1995, Public Law 104–13, on or after the
date of publication of this notice.
DATES: Comments should be received on
or before January 17, 2012 to be assured
of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestion for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.GOV and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW., Suite 11020, Washington, DC
20220, or on-line at https://www.
PRAComment.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission(s) may be
obtained by calling (202) 927–5331,
email at PRA@treasury.gov, or the entire
information collection request maybe
found at https://www.reginfo.gov.
VerDate Mar<15>2010
16:49 Dec 14, 2011
Jkt 226001
Internal Revenue Service (IRS)
OMB Number: 1545–0014.
Type of Review: Extension without
change of a currently approved
collection.
Title: Application for Registration For
Certain Excise Tax Activities.
Form: 637.
Abstract: Form 637 is used to apply
for excise tax registration. The
registration applies to a person required
to be registered under IRC section 4101
for purposes of the federal excise tax on
taxable fuel imposed by IRC 4041 and
4081; and to certain manufacturers or
sellers and purchasers that must register
under IRC 4222 to be exempt from the
excise tax on taxable articles. The data
is used to determine if the applicant
qualifies for exemption. Taxable fuel
producers are required by IRC 4101 to
register with the Service before
incurring any tax liability.Affected
Public: Private Sector: Businesses or
other for-profits.
Estimated Total Burden Hours:
27,020.
OMB Number: 1545–0094.
Type of Review: Extension without
change of a currently approved
collection.
Title: U.S. Information Return-Trust
Accumulation of Charitable Amounts.
Form: 1041–A.
Abstract: Form 1041–A is used to
report the information required in 26
USC 6034 concerning accumulation and
distribution of charitable amounts. The
data is used to verify that amounts for
which a charitable deduction was
allowed are used for charitable
purposes.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
4,396,854.
OMB Number: 1545–0714.
Type of Review: Extension without
change of a currently approved
collection.
Title: Employers Annual Information
Return of Tip Income and Allocated
Tips (Form 8027); Transmittal of
Employer’s Annual Information Return
of Tip Income and Allocated Tips (Form
8027–T).
Forms: 8027, 8027–T.
Abstract: To help IRS in its
examination of returns filed by tipped
employees large food or beverage
establishments are required to report
annually information concerning food
or beverage operations receipts, tips,
reported by employees, and in certain
cases, the employer must allocate tips to
certain employees.
Affected Public: Private Sector:
Businesses or other for-profits.
PO 00000
Frm 00119
Fmt 4703
Sfmt 4703
78081
Estimated Total Burden Hours:
488,161.
OMB Number: 1545–0928.
Type of Review: Extension without
change of a currently approved
collection.
Title: T.D. 9099—Disclosure of
Relative Values of Optional Forms of
Benefit.
Abstract: This document contains
final regulations that consolidate the
content requirements applicable to
explanations of qualified joint and
survivor annuities and qualified preretirement survivor annuities payable
under certain retirement plans, and
specify requirements for disclosing the
relative value of optional forms of
benefit that are payable from certain
retirement plans in lieu of a qualified
joint and survivor annuity. These
regulations affect plan sponsors and
administrators, and participants in and
beneficiaries of, certain retirement
plans.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
385,000.
OMB Number: 1545–1209.
Type of Review: Extension without
change of a currently approved
collection.
Title: IA–83—90 (TD 8383 -Final)
Disclosure of Tax Return Information for
Purposes of Quality or Peer Reviews;
Due to Incapacity or Death of Tax
Return Preparer.
Abstract: These regulations govern the
circumstances under which tax return
information may be disclosed for
purposes of conducting quality or peer
reviews, and disclosures that are
necessary because of the tax return
preparer’s death or incapacity.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
250,000.
OMB Number: 1545–1275.
Type of Review: Extension without
change of a currently approved
collection.
Title: TD 8529—Limitations on
Corporate Net Operating Loss
Carryforwards (CO–45–91 Final).
Abstract: Section 1.382–9(d)(2)(iii)
and (d)(4)(iv) allow a loss corporation to
rely on a statement by beneficial owners
of indebtedness in determining whether
the loss corporation qualifies under
section 382(l)(1)(5). Section 1.382–
9(d)(6)(ii) requires a loss corporation to
file an election if it wants to apply the
regulations retroactively, or revoke a
prior section 382(l)(1)(6) election.
Affected Public: Private Sector:
Businesses or other for-profits.
E:\FR\FM\15DEN1.SGM
15DEN1
78082
Federal Register / Vol. 76, No. 241 / Thursday, December 15, 2011 / Notices
Estimated Total Burden Hours: 200.
OMB Number: 1545–1421.
Type of Review: Extension without
change of a currently approved
collection.
Title: IA–62–93 (Final) Certain
Elections Under the Omnibus Budget
Reconciliation Act of 1993.
Abstract: These regulations establish
various elections enacted by the
Omnibus Budget Reconciliation Act of
1993 (Act). The regulations provide
guidance that enable taxpayers to take
advantage of various benefits provided
by the Act and the Internal Revenue
Code.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
202,500.
mstockstill on DSK4VPTVN1PROD with NOTICES
OMB Number: 1545–1519.
Type of Review: Extension without
change of a currently approved
collection.
Title: Long-Term Care and
Accelerated Death Benefits.
Forms: 1099–LTC.
Abstract: Under the terms of IRC
sections 7702B and 101g, qualified longterm care and accelerated death benefits
paid to chronically ill individuals are
treated as amounts received for
expenses incurred for medical care.
Amounts received on a per diem basis
in excess of $175 per day are taxable.
Section 6050Q requires all such
amounts to be reported.
Affected Pubic: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
18,181.
OMB Number: 1545–1662.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–121063–97 (TD 8972—
Final) Averaging of Farm Income.
Abstract: Code section 1301 allows an
individual engaged in a farming
business to elect to reduce his or her
regular tax liability by treating all or a
portion of the current year’s farming
income as if it had been earned in equal
proportions over the prior three years.
The regulation provides that the
election for averaging farm income is
made by filing Schedule J of Form 1040,
which is also used to record and total
the amount of tax for each year of the
four year calculation.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 1.
OMB Number: 1545–1943.
Type of Review: Extension without
change of a currently approved
collection.
VerDate Mar<15>2010
16:49 Dec 14, 2011
Jkt 226001
Title: Notice 2005–38—Section 965—
Limitations on Dividends Received
Deduction and Other Guidance.
Abstract: This document provides
guidance under new section 965, which
was enacted by the American Jobs
Creation Act of 2004 (Pub. L. 108–357).
In general, and subject to limitations
and conditions, section 965(a) provides
that a corporation that is a U.S.
shareholder of a controlled foreign
corporation (CFC) may elect, for one
taxable year, an 85 percent dividends
received deduction (DRD) with respect
to certain cash dividends it receives
from its CFCs. This document addresses
limitations imposed on the maximum
amount of section 965(a) DRD under
section 965(b)(1) under which the
maximum amount of an eligible
dividends is the greatest of $500
million, or earnings permanently
reinvested outside the United States),
section 965(b)(2) (regarding certain baseperiod repatriations), section 965(b)(3)
(regarding certain increases in related
party indebtedness), and certain
miscellaneous limitations (related to the
foreign tax credit).
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
1,250,000.
OMB Number: 1545–2210.
Type of Review: Extension without
change of a currently approved
collection.
Title: Notice 2011–47, Relief from
Certain Low-Income Housing Credit
Requirements Due to Severe Storms,
Tornadoes and Flooding in Missouri.
Abstract: The Internal Revenue
Service is suspending certain
requirements under § 42 of the Internal
Revenue Code for low-income housing
credit projects in the United States to
provide emergency housing relief
needed as a result of the devastation
caused by severe storms, tornadoes and
flooding in Missouri beginning on April
19, 2011.
Affected Public: Individuals and
households.
Estimated Total Burden Hours: 125.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2011–32176 Filed 12–14–11; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Frm 00120
Fmt 4703
Sfmt 4703
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Unblocking of Specially Designated
Nationals and Blocked Persons
Pursuant to Executive Order 12978
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (‘‘OFAC’’) is publishing the
names of five individuals and one entity
whose property and interests in
property have been unblocked pursuant
to Executive Order 12978 of October 21,
1995, ‘‘Blocking Assets and Prohibiting
Transactions With Significant Narcotics
Traffickers’’.
DATES: The unblocking and removal
from the list of Specially Designated
Nationals and Blocked Persons (‘‘SDN
List’’) of the five individuals and one
entity identified in this notice whose
property and interests in property were
blocked pursuant to Executive Order
12978 of October 21, 1995, is effective
on December 8, 2011.
FOR FURTHER INFORMATION CONTACT:
Assistant Director, Sanctions
Compliance & Evaluation, Office of
Foreign Assets Control, U.S. Department
of the Treasury, Washington, DC 20220,
Tel: (202) 622–2490.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Electronic and Facsimile Availability
This document and additional
information concerning OFAC are
available from OFAC’s Web site
(https://www.treasury.gov/ofac) or via
facsimile through a 24-hour fax-on
demand service at (202) 622–0077.
Background
On October 21, 1995, the President,
invoking the authority, inter alia, of the
International Emergency Economic
Powers Act (50 U.S.C. 1701–1706)
(‘‘IEEPA’’), issued Executive Order
12978 (60 FR 54579, October 24, 1995)
(the ‘‘Order’’). In the Order, the
President declared a national emergency
to deal with the threat posed by
significant foreign narcotics traffickers
centered in Colombia and the harm that
they cause in the United States and
abroad.
Section 1 of the Order blocks, with
certain exceptions, all property and
interests in property that are in the
United States, or that hereafter come
within the United States or that are or
hereafter come within the possession or
control of United States persons, of: (1)
The foreign persons listed in an Annex
E:\FR\FM\15DEN1.SGM
15DEN1
]]>Agencies
[Federal Register Volume 76, Number 241 (Thursday, December 15, 2011)]
[Notices]
[Pages 78081-78082]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-32176]
=======================================================================
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
December 12, 2011.
The Department of the Treasury will submit the following
information collection request to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, Public Law 104-13, on or after the date of
publication of this notice.
DATES: Comments should be received on or before January 17, 2012 to be
assured of consideration.
ADDRESSES: Send comments regarding the burden estimate, or any other
aspect of the information collection, including suggestion for reducing
the burden, to (1) Office of Information and Regulatory Affairs, Office
of Management and Budget, Attention: Desk Officer for Treasury, New
Executive Office Building, Room 10235, Washington, DC 20503, or email
at OIRA_Submission@OMB.EOP.GOV and (2) Treasury PRA Clearance Officer,
1750 Pennsylvania Ave. NW., Suite 11020, Washington, DC 20220, or on-
line at https://www.PRAComment.gov.
FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be
obtained by calling (202) 927-5331, email at PRA@treasury.gov, or the
entire information collection request maybe found at https://www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545-0014.
Type of Review: Extension without change of a currently approved
collection.
Title: Application for Registration For Certain Excise Tax
Activities.
Form: 637.
Abstract: Form 637 is used to apply for excise tax registration.
The registration applies to a person required to be registered under
IRC section 4101 for purposes of the federal excise tax on taxable fuel
imposed by IRC 4041 and 4081; and to certain manufacturers or sellers
and purchasers that must register under IRC 4222 to be exempt from the
excise tax on taxable articles. The data is used to determine if the
applicant qualifies for exemption. Taxable fuel producers are required
by IRC 4101 to register with the Service before incurring any tax
liability.Affected Public: Private Sector: Businesses or other for-
profits.
Estimated Total Burden Hours: 27,020.
OMB Number: 1545-0094.
Type of Review: Extension without change of a currently approved
collection.
Title: U.S. Information Return-Trust Accumulation of Charitable
Amounts.
Form: 1041-A.
Abstract: Form 1041-A is used to report the information required in
26 USC 6034 concerning accumulation and distribution of charitable
amounts. The data is used to verify that amounts for which a charitable
deduction was allowed are used for charitable purposes.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 4,396,854.
OMB Number: 1545-0714.
Type of Review: Extension without change of a currently approved
collection.
Title: Employers Annual Information Return of Tip Income and
Allocated Tips (Form 8027); Transmittal of Employer's Annual
Information Return of Tip Income and Allocated Tips (Form 8027-T).
Forms: 8027, 8027-T.
Abstract: To help IRS in its examination of returns filed by tipped
employees large food or beverage establishments are required to report
annually information concerning food or beverage operations receipts,
tips, reported by employees, and in certain cases, the employer must
allocate tips to certain employees.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 488,161.
OMB Number: 1545-0928.
Type of Review: Extension without change of a currently approved
collection.
Title: T.D. 9099--Disclosure of Relative Values of Optional Forms
of Benefit.
Abstract: This document contains final regulations that consolidate
the content requirements applicable to explanations of qualified joint
and survivor annuities and qualified pre-retirement survivor annuities
payable under certain retirement plans, and specify requirements for
disclosing the relative value of optional forms of benefit that are
payable from certain retirement plans in lieu of a qualified joint and
survivor annuity. These regulations affect plan sponsors and
administrators, and participants in and beneficiaries of, certain
retirement plans.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 385,000.
OMB Number: 1545-1209.
Type of Review: Extension without change of a currently approved
collection.
Title: IA-83--90 (TD 8383 -Final) Disclosure of Tax Return
Information for Purposes of Quality or Peer Reviews; Due to Incapacity
or Death of Tax Return Preparer.
Abstract: These regulations govern the circumstances under which
tax return information may be disclosed for purposes of conducting
quality or peer reviews, and disclosures that are necessary because of
the tax return preparer's death or incapacity.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 250,000.
OMB Number: 1545-1275.
Type of Review: Extension without change of a currently approved
collection.
Title: TD 8529--Limitations on Corporate Net Operating Loss
Carryforwards (CO-45-91 Final).
Abstract: Section 1.382-9(d)(2)(iii) and (d)(4)(iv) allow a loss
corporation to rely on a statement by beneficial owners of indebtedness
in determining whether the loss corporation qualifies under section
382(l)(1)(5). Section 1.382-9(d)(6)(ii) requires a loss corporation to
file an election if it wants to apply the regulations retroactively, or
revoke a prior section 382(l)(1)(6) election.
Affected Public: Private Sector: Businesses or other for-profits.
[[Page 78082]]
Estimated Total Burden Hours: 200.
OMB Number: 1545-1421.
Type of Review: Extension without change of a currently approved
collection.
Title: IA-62-93 (Final) Certain Elections Under the Omnibus Budget
Reconciliation Act of 1993.
Abstract: These regulations establish various elections enacted by
the Omnibus Budget Reconciliation Act of 1993 (Act). The regulations
provide guidance that enable taxpayers to take advantage of various
benefits provided by the Act and the Internal Revenue Code.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 202,500.
OMB Number: 1545-1519.
Type of Review: Extension without change of a currently approved
collection.
Title: Long-Term Care and Accelerated Death Benefits.
Forms: 1099-LTC.
Abstract: Under the terms of IRC sections 7702B and 101g, qualified
long- term care and accelerated death benefits paid to chronically ill
individuals are treated as amounts received for expenses incurred for
medical care. Amounts received on a per diem basis in excess of $175
per day are taxable. Section 6050Q requires all such amounts to be
reported.
Affected Pubic: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 18,181.
OMB Number: 1545-1662.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-121063-97 (TD 8972--Final) Averaging of Farm Income.
Abstract: Code section 1301 allows an individual engaged in a
farming business to elect to reduce his or her regular tax liability by
treating all or a portion of the current year's farming income as if it
had been earned in equal proportions over the prior three years. The
regulation provides that the election for averaging farm income is made
by filing Schedule J of Form 1040, which is also used to record and
total the amount of tax for each year of the four year calculation.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1.
OMB Number: 1545-1943.
Type of Review: Extension without change of a currently approved
collection.
Title: Notice 2005-38--Section 965--Limitations on Dividends
Received Deduction and Other Guidance.
Abstract: This document provides guidance under new section 965,
which was enacted by the American Jobs Creation Act of 2004 (Pub. L.
108-357). In general, and subject to limitations and conditions,
section 965(a) provides that a corporation that is a U.S. shareholder
of a controlled foreign corporation (CFC) may elect, for one taxable
year, an 85 percent dividends received deduction (DRD) with respect to
certain cash dividends it receives from its CFCs. This document
addresses limitations imposed on the maximum amount of section 965(a)
DRD under section 965(b)(1) under which the maximum amount of an
eligible dividends is the greatest of $500 million, or earnings
permanently reinvested outside the United States), section 965(b)(2)
(regarding certain base-period repatriations), section 965(b)(3)
(regarding certain increases in related party indebtedness), and
certain miscellaneous limitations (related to the foreign tax credit).
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1,250,000.
OMB Number: 1545-2210.
Type of Review: Extension without change of a currently approved
collection.
Title: Notice 2011-47, Relief from Certain Low-Income Housing
Credit Requirements Due to Severe Storms, Tornadoes and Flooding in
Missouri.
Abstract: The Internal Revenue Service is suspending certain
requirements under Sec. 42 of the Internal Revenue Code for low-income
housing credit projects in the United States to provide emergency
housing relief needed as a result of the devastation caused by severe
storms, tornadoes and flooding in Missouri beginning on April 19, 2011.
Affected Public: Individuals and households.
Estimated Total Burden Hours: 125.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2011-32176 Filed 12-14-11; 8:45 am]
BILLING CODE 4830-01-P
