Submission for OMB Review; Comment Request, 2132-2133 [2012-579]

Download as PDF 2132 Federal Register / Vol. 77, No. 9 / Friday, January 13, 2012 / Notices Title: U.S. Income Tax Return for Homeowners Associations. Form: 1120–H. Abstract: Homeowners associations file Form 1120–H to report income, deductions, and credits. The form is also used to report the income tax liability of the homeowners association. The IRS uses Form 1120–H to determine if the income, deductions, and credits have been correctly computed. The form is also used for statistical purposes. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 3,665,832. OMB Number: 1545–0941. Type of Review: Extension without change of a currently approved collection. Title: Report of a Sale or Exchange of Certain Partnership Interests. Form: 3808. Abstract: Form 8308 is an information return that gives the IRS the names of the parties involved in a section 751(a) exchange of a partnership interest. It is also used by the partnership as a statement to the transferor or transferee. It alerts the transferor that a portion of the gain on the sale of partnership interest may be ordinary income. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 1,460,000. mstockstill on DSK4VPTVN1PROD with NOTICES OMB Number: 1545–1414. Type of Review: Revision of a currently approved collection. Title: Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips. Form: 8846. Abstract: Employers in food or beverage establishments where tipping is customary can claim an income tax credit for the amount of social security and Medicare taxes paid (employer’s share) on tips, other than tips used to meet the minimum wage requirement. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 161,448. OMB Number: 1545–1487. Type of Review: Extension without change of a currently approved collection. Title: TD 8834 (final)—Treatment of Distributions to Foreign Persons Under Sections 367(e)(1) and 367(e)(2). Abstract: Sections 367(e)(1) and 367(e)(2) provide for gain recognition on certain transfers to foreign persons under sections 355 and 332. Section 6038B(a) requires U.S. persons transferring property to foreign persons VerDate Mar<15>2010 15:46 Jan 12, 2012 Jkt 226001 in exchanges described in sections 332 and 355 to furnish information regarding such transfers. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 2,471. OMB Number: 1545–1657. Type of Review: Extension without change of a currently approved collection. Title: Revenue Procedure 99–32— Conforming Adjustments Subsequent to Section 482 Allocations. Abstract: This revenue procedure prescribes the applicable procedures for the repatriation of cash by a United States taxpayer via an interest-bearing account receivable or payable in an amount corresponding to the amount allocated under section 482 from, or to a related person with respect to a controlled transaction. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 1,620. OMB Number: 1545–1799. Type of Review: Extension without change of a currently approved collection. Title: Notice 2002–69, Interest Rates and Appropriate Foreign Loss Payment Patterns For Determining the Qualified Insurance Income of Certain Controlled Corporations under Section 954(f). Abstract: This notice provide guidance on how to determine the foreign loss payment patterns of a foreign insurance company owned by U.S. shareholder for purposes of determining the amount of investment income earned by the insurance company that is not treated as Subpart F income under section 954(i). Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 300. OMB Number: 1545–1942. Type of Review: Extension without change of a currently approved collection. Title: Notice 2005–44, Charitable Contributions of Certain Motor Vehicles, Boats, and Airplanes. Abstract: The notice provides guidance under new Subsection 170(f)(12) and 6720 regarding how to determine the amount of a charitable contribution for certain vehicles and the related substantiation and information reporting requirements. Affected Public: Individuals or Households. Estimated Total Burden Hours: 3,041. OMB Number: 1545–1950. Type of Review: Revision of a currently approved collection. Title: Return by a Shareholder Making Certain Late Elections to End Treatment PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 as a Passive Foreign Investment Company. Form: 8621–A. Abstract: Form 8621–A is used by certain taxpayer/investors to request ending of their treatment as investing in a Passive Foreign Investment Company. New regulations are being written in support of the new products. The underlying law is in IRC sections 1297 and 1298. Affected Pubic: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 785. OMB Number: 1545–2135. Type of Review: Revision of a currently approved collection. Title: REG–133300–07 (TD 9447-final) Automatic Contribution Arrangements. Abstract: These regulations provide a method by which an automatic contribution arrangement can become a qualified automatic contribution arrangement and automatically satisfy the ADP test of section 401(k)(3)A)(ii). These regulations also describe how an automatic contribution arrangement can become an eligible automatic contribution arrangement and employees can get back mistaken contributions. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 30,000. Dawn D. Wolfgang, Treasury PRA Clearance Officer. [FR Doc. 2012–536 Filed 1–12–12; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request January 10, 2012. 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 February 13, 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@ E:\FR\FM\13JAN1.SGM 13JAN1 Federal Register / Vol. 77, No. 9 / Friday, January 13, 2012 / Notices OMB.EOP.GOV and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 11020, Washington, DC 20220, or on-line at 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 www.reginfo.gov. Financial Management Service (FMS) OMB Number: 1510–0057. Type of Review: Revision of a currently approved collection. Title: Annual Letters—Certificate of Authority (A) and Admitted Reinsurer (B). Abstract: Annual letters sent to insurance companies providing surety bonds to protect the U.S. or companies providing reinsurance to the U.S. information needed for renewal of certified companies and their underwriting limitations, and of admitted reinsurers. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 13,555. Dawn D. Wolfgang, Treasury PRA Clearance Officer. [FR Doc. 2012–579 Filed 1–12–12; 8:45 am] BILLING CODE 4810–35–P DEPARTMENT OF THE TREASURY mstockstill on DSK4VPTVN1PROD with NOTICES Debt Management Advisory Committee Meeting Notice is hereby given, pursuant to 5 U.S.C. App. 2, § 10(a)(2), that a meeting will be held at the Hay-Adams Hotel, 16th Street and Pennsylvania Avenue NW.,Washington, DC, on January 31, 2012 at 11 a.m. of the following debt management advisory committee: Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association. The agenda for the meeting provides for a charge by the Secretary of the Treasury or his designate that the Committee discuss particular issues and conduct a working session. Following the working session, the Committee will present a written report of its recommendations. The meeting will be closed to the public, pursuant to 5 U.S.C. App. 2, § 10(d) and Public Law 103–202, § 202(c)(1)(B)(31 U.S.C. 3121 note). This notice shall constitute my determination, pursuant to the authority placed in heads of agencies by 5 U.S.C. App. 2, § 10(d) and vested in me by VerDate Mar<15>2010 15:46 Jan 12, 2012 Jkt 226001 Treasury Department Order No. 101–05, that the meeting will consist of discussions and debates of the issues presented to the Committee by the Secretary of the Treasury and the making of recommendations of the Committee to the Secretary, pursuant to Public Law 103–202, § 202(c)(1)(B). Thus, this information is exempt from disclosure under that provision and 5 U.S.C.552b(c)(3)(B). In addition, the meeting is concerned with information that is exempt from disclosure under 5 U.S.C.552b(c)(9)(A). The public interest requires that such meetings be closed to the public because the Treasury Department requires frank and full advice from representatives of the financial community prior to making its final decisions on major financing operations. Historically, this advice has been offered by debt management advisory committees established by the several major segments of the financial community. When so utilized, such a committee is recognized to be an advisory committee under 5 U.S.C. App. 2, § 3. Although the Treasury’s final announcement of financing plans may not reflect the recommendations provided in reports of the Committee, premature disclosure of the Committee’s deliberations and reports would be likely to lead to significant financial speculation in the securities market. Thus, this meeting falls within the exemption covered by 5 U.S.C.552b(c)(9)(A). Treasury staff will provide a technical briefing to the press on the day before the Committee meeting, following the release of a statement of economic conditions and financing estimates. This briefing will give the press an opportunity to ask questions about financing projections. The day after the Committee meeting, Treasury will release the minutes of the meeting, any charts that were discussed at the meeting, and the Committee’s report to the Secretary. The Office of Debt Management is responsible for maintaining records of debt management advisory committee meetings and for providing annual reports setting forth a summary of Committee activities and such other matters as may be informative to the public consistent with the policy of 5 U.S.C. 552(b). The Designated Federal Officer or other responsible agency official who may be contacted for additional information is Fred Pietrangeli, Deputy Director for Office of Debt Management (202) 622–1876. PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 2133 Dated: Jan. 6, 2012. Mary Miller, Assistant Secretary (Financial Markets). [FR Doc. 2012–386 Filed 1–12–12; 8:45 am] BILLING CODE 4810–25–P U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION Notice of Open Public Hearing U.S.-China Economic and Security Review Commission. ACTION: Notice of open public hearing— January 26, 2012, Washington, DC. AGENCY: Notice is hereby given of the following hearing of the U.S.-China Economic and Security Review Commission. Name: Dennis Shea, Chairman of the U.S.-China Economic and Security Review Commission. The Commission is mandated by Congress to investigate, assess, and report to Congress annually on ‘‘the national security implications of the economic relationship between the United States and the People’s Republic of China.’’ Pursuant to this mandate, the Commission will hold a public hearing in Washington, DC on January 26, 2012, to address ‘‘China’s Global Quest for Resources and Implications for the United States.’’ Background: This is the first public hearing the Commission will hold during its 2012 report cycle to collect input from leading academic, industry, and government experts on national security implications of the U.S. bilateral trade and economic relationship with China. The January 26 hearing will examine China’s Global Quest for Resources and Implications for the United States. The hearing will be co-chaired by Commissioners Richard D’Amato and Daniel Blumenthal. Any interested party may file a written statement by January 26, 2012, by mailing to the contact below. A portion of each panel will include a question and answer period between the Commissioners and the witnesses. Transcripts of past Commission public hearings may be obtained from the USCC Web Site www.uscc.gov. Date and Time: Thursday, January 26, 8:30am—3:00pm Eastern Standard Time. A detailed agenda for the hearing and roundtable will be posted to the Commission’s Web Site at www.uscc.gov as soon as available. Please check the Web site for possible changes to the hearing schedule. SUMMARY: E:\FR\FM\13JAN1.SGM 13JAN1

Agencies

[Federal Register Volume 77, Number 9 (Friday, January 13, 2012)]
[Notices]
[Pages 2132-2133]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-579]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

January 10, 2012.
    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 February 13, 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@

[[Page 2133]]

OMB.EOP.GOV and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania 
Ave. NW., Suite 11020, Washington, DC 20220, or on-line at 
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 www.reginfo.gov.

Financial Management Service (FMS)

    OMB Number: 1510-0057.
    Type of Review: Revision of a currently approved collection.
    Title: Annual Letters--Certificate of Authority (A) and Admitted 
Reinsurer (B).
    Abstract: Annual letters sent to insurance companies providing 
surety bonds to protect the U.S. or companies providing reinsurance to 
the U.S. information needed for renewal of certified companies and 
their underwriting limitations, and of admitted reinsurers.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 13,555.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2012-579 Filed 1-12-12; 8:45 am]
BILLING CODE 4810-35-P
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