Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 18256-18258 [2012-7226]

Download as PDF 18256 Federal Register / Vol. 77, No. 59 / Tuesday, March 27, 2012 / Notices Dated: March 22, 2012. Sunday Aigbe, Acting Chief, Regulatory Coordination Division, Office of Policy and Strategy, U.S. Citizenship and Immigration Services, Department of Homeland Security. [FR Doc. 2012–7299 Filed 3–26–12; 8:45 am] BILLING CODE 9111–97–P DEPARTMENT OF HOMELAND SECURITY U.S. Citizenship and Immigration Services Agency Information Collection Activities: Revision of an Existing Information Collection, Comment Request 60-Day notice of information collection under review: Form I–9, Employment Eligibility Verification. mstockstill on DSK4VPTVN1PROD with NOTICES ACTION: The Department of Homeland Security, U.S. Citizenship and Immigration Services (USCIS) will be submitting the following information collection request for review and clearance in accordance with the Paperwork Reduction Act of 1995. The information collection notice is published in the Federal Register to obtain comments from the public and affected agencies. Comments are encouraged and will be accepted for sixty days until May 29, 2012. Written comments and suggestions regarding items contained in this notice, and especially with regard to the estimated public burden and associated response time should be directed to the Department of Homeland Security (DHS), USCIS, Office of Policy and Strategy, Sunday Aigbe, Acting Chief, Regulatory Coordination Division, 20 Massachusetts Avenue NW., Washington, DC 20529. Comments may also be submitted to DHS via facsimile to 202–272–8352, or via email at uscisfrcomment@dhs.gov. When submitting comments by email add the OMB Control Number 1615–0047 in the subject box. Written comments and suggestions from the public and affected agencies should address one or more of the following four points: (1) Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (2) Evaluate the accuracy of the agencies estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; VerDate Mar<15>2010 17:14 Mar 26, 2012 Jkt 226001 (3) Enhance the quality, utility, and clarity of the information to be collected; and (4) Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. Overview of this information collection: (1) Type of Information Collection: Revision of a currently approved information collection. (2) Title of the Form/Collection: Employment Eligibility Verification. (3) Agency form number, if any, and the applicable component of the Department of Homeland Security sponsoring the collection: Form I–9. U.S. Citizenship and Immigration Services. (4) Affected public who will be asked or required to respond, as well as a brief abstract: Primary: Employers, employees, recruiters and referrers for a fee (limited to agricultural associations, agricultural employers, or farm labor contractors), and state employment agencies. This form was developed to facilitate compliance with section 274A of the Immigration and Nationality Act, which prohibits the knowing employment of unauthorized aliens. This information collection is necessary for employers, agricultural recruiters and referrers for a fee, and state employment agencies to verify the identity and employment authorization of individuals hired (or recruited or referred for a fee, if applicable) for employment in the United States. (5) An estimate of the total number of respondents and the amount of time estimated for an average respondent to respond: This figure was derived by multiplying the number of respondents (78,000,000) x frequency of response (1) x hour per response .16 hours (10 minutes). The annual recordkeeping burden is added to the total annual reporting burden which is based on 20,000,000 recordkeepers at .05 hours (3 minutes) per filing. (6) An estimate of the total public burden (in hours) associated with the collection: 13,480,000 annual burden hours. If you have additional comments, suggestions, or need a copy of the information collection instrument, please visit the USCIS Web site at: https://www.regulations.gov/fdmspublic/ component/main. We may also be contacted at: USCIS, Office of Policy and Strategy, Regulatory Coordination PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 Division, 20 Massachusetts Avenue NW., Washington, DC 20529, Telephone number 202–272–8377. Dated: March 22, 2012. Sunday Aigbe, Acting Chief, Regulatory Coordination Division, Office of Policy and Strategy, U.S. Citizenship and Immigration Services, Department of Homeland Security. [FR Doc. 2012–7340 Filed 3–26–12; 8:45 am] BILLING CODE 9111–97–P DEPARTMENT OF HOMELAND SECURITY U.S. Customs and Border Protection Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties Customs and Border Protection, Department of Homeland Security. ACTION: General notice. AGENCY: This notice advises the public of the quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties. For the calendar quarter beginning April 1, 2012, the interest rates for overpayments will be 2 percent for corporations and 3 percent for non-corporations, and the interest rate for underpayments will be 3 percent for both corporations and noncorporations. This notice is published for the convenience of the importing public and Customs and Border Protection personnel. DATES: Effective Date: April 1, 2012. FOR FURTHER INFORMATION CONTACT: Ron Wyman, Revenue Division, Collection and Refunds Branch, 6650 Telecom Drive, Suite #100, Indianapolis, Indiana 46278; telephone (317) 614–4516. SUPPLEMENTARY INFORMATION: SUMMARY: Background Pursuant to 19 U.S.C. 1505 and Treasury Decision 85–93, published in the Federal Register on May 29, 1985 (50 FR 21832), the interest rate paid on applicable overpayments or underpayments of customs duties must be in accordance with the Internal Revenue Code rate established under 26 U.S.C. 6621 and 6622. Section 6621 was amended (at paragraph (a)(1)(B) by the Internal Revenue Service Restructuring and Reform Act of 1998, Pub. L. 105– 206, 112 Stat. 685) to provide different interest rates applicable to overpayments: one for corporations and one for non-corporations. E:\FR\FM\27MRN1.SGM 27MRN1 18257 Federal Register / Vol. 77, No. 59 / Tuesday, March 27, 2012 / Notices The interest rates are based on the Federal short-term rate and determined by the Internal Revenue Service (IRS) on behalf of the Secretary of the Treasury on a quarterly basis. The rates effective for a quarter are determined during the first-month period of the previous quarter. In Revenue Ruling 2012–8, the IRS determined the rates of interest for the calendar quarter beginning April 1, 2012, and ending on June 30, 2012. The interest rate paid to the Treasury for underpayments will be the Federal short-term rate (1%) plus two percentage points (2%) for a total of three percent (3%) for both corporations and non-corporations. For corporate overpayments, the rate is the Federal short-term rate (1%) plus one percentage point (1%) for a total of two percent (2%). For overpayments made by non-corporations, the rate is the Federal short-term rate (1%) plus two percentage points (2%) for a total of three percent (3%). These interest rates mstockstill on DSK4VPTVN1PROD with NOTICES Beginning date 070174 070175 020176 020178 020180 020182 010183 070183 010185 070185 010186 070186 010187 100187 010188 040188 100188 040189 100189 040191 010192 040192 100192 070194 100194 040195 070195 040196 070196 040198 010199 040199 040100 040101 070101 010102 010103 100103 040104 070104 100104 040105 100105 070106 010108 040108 070108 100108 010109 040109 010111 040111 100111 VerDate Mar<15>2010 17:14 Mar 26, 2012 Jkt 226001 Under payments (percent) Ending date ............................................................................................. ............................................................................................. ............................................................................................. ............................................................................................. 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............................................................................................. ............................................................................................. ............................................................................................. ............................................................................................. ............................................................................................. ............................................................................................. ............................................................................................. ............................................................................................. ............................................................................................. PO 00000 Frm 00056 Fmt 4703 063075 013176 013178 013180 013182 123182 063083 123184 063085 123185 063086 123186 093087 123187 033188 093088 033189 093089 033191 123191 033192 093092 063094 093094 033195 063095 033196 063096 033198 123198 033199 033100 033101 063001 123101 123102 093003 033104 063004 093004 033105 093005 063006 123107 033108 063008 093008 123108 033109 123110 033111 093011 063012 Sfmt 4703 are subject to change for the calendar quarter beginning July 1, 2012, and ending September 30, 2012. For the convenience of the importing public and Customs and Border Protection personnel the following list of IRS interest rates used, covering the period from before July of 1974 to date, to calculate interest on overdue accounts and refunds of customs duties, is published in summary format. Over payments (percent) 6 9 7 6 12 20 16 11 13 11 10 9 9 10 11 10 11 12 11 10 9 8 7 8 9 10 9 8 9 8 7 8 9 8 7 6 5 4 5 4 5 6 7 8 7 6 5 6 5 4 3 4 3 E:\FR\FM\27MRN1.SGM 6 9 7 6 12 20 16 11 13 11 10 9 8 9 10 9 10 11 10 9 8 7 6 7 8 9 8 7 8 7 7 8 9 8 7 6 5 4 5 4 5 6 7 8 7 6 5 6 5 4 3 4 3 27MRN1 Corporate overpayments (Eff. 1–1–99) (percent) 6 7 8 7 6 5 4 3 4 3 4 5 6 7 6 5 4 5 4 3 2 3 2 18258 Federal Register / Vol. 77, No. 59 / Tuesday, March 27, 2012 / Notices Dated: March 21, 2012. David V. Aguilar, Acting Commissioner, U.S. Customs and Border Protection. its inventory of excess or surplus Federal property. Dated: March 20, 2012. Mark R. Johnston, Deputy Assistant Secretary for Special Needs. [FR Doc. 2012–7226 Filed 3–26–12; 8:45 am] BILLING CODE 9111–14–P [FR Doc. 2012–7343 Filed 3–26–12; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5601–C–10] Federal Property Suitable as Facilities To Assist the Homeless On March 09, 2012, at 77 FR 14411, HUD published a notice announcing HUD’s suitable and unsuitable properties. The New York property (41201210003) was published as unsuitable in error. The correct suitability determination was published on February 17, 2012, at 77 FR 9681, as suitable/available with an ‘‘off-site removal’’ requirement. The incorrect listing is below: SUMMARY: Unsuitable Properties Building New York Bldg. 0589 Brookhaven Nat’l Lab Upton NY 11973 Landholding Agency: Energy Property Number: 41201210003 Status: Unutilized Comments: national security concerns; no public access and no alternative method Reasons: Secured Area mstockstill on DSK4VPTVN1PROD with NOTICES FOR FURTHER INFORMATION CONTACT: Juanita Perry, Department of Housing and Urban Development, 451 Seventh Street SW., Room 7266, Washington, DC 20410; telephone (202) 708–1234; TTY number for the hearing- and speechimpaired (202) 708–2565 (these telephone numbers are not toll-free), or call the toll-free Title V information line at 800–927–7588. SUPPLEMENTARY INFORMATION: In accordance with 24 CFR part 581 and section 501 of the Stewart B. McKinney Homeless Assistance Act (42 U.S.C. 11411), as amended, HUD is publishing this Notice to identify Federal buildings and other real property that HUD has reviewed for unsuitability for use to assist the homeless. The properties were reviewed using information provided to HUD by Federal landholding agencies regarding unutilized and underutilized buildings and real property controlled by such agencies or by GSA regarding VerDate Mar<15>2010 17:14 Mar 26, 2012 Jkt 226001 [FR Doc. 2012–7326 Filed 3–26–12; 8:45 am] Notice of FHA Debenture Call AGENCY: SUMMARY: Dated: February 17, 2012. Carol J. Galante, Acting Assistant Secretary for Housing— Federal Housing Commissioner. BILLING CODE 4210–67–P [Docket No. FR–5625–N–01] Office of the Assistant Secretary for Community Planning and Development, HUD. ACTION: Notice.—Correction. AGENCY: books maintained by the Treasury Department on or after June 11, 2012. This debenture call does not affect the right of the holder of a debenture to sell or assign the debenture on or after this date. Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice. This Notice announces a debenture call of certain Federal Housing Administration (FHA) debentures in accordance with authority provided in the National Housing Act. FOR FURTHER INFORMATION CONTACT: Yong Sun, FHA Financial Reporting Division, Office of Housing, Department of Housing and Urban Development, 451 Seventh Street SW., Room 5148, Washington, DC 20410, telephone 202– 402–4778. This is not a toll-free number. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Relay Service at 800–877–8339. SUPPLEMENTARY INFORMATION: Pursuant to section 207(j) of the National Housing Act, 12 U.S.C. 1713(j), and in accordance with HUD’s regulation at 24 CFR 207.259(e)(3), the Assistant Secretary for Housing—Federal Housing Commissioner, with the approval of the Secretary of the Treasury, announces the call of all FHA debentures, with a coupon rate of 3.125 percent or above, that have been registered on the books of the Bureau of the Public Debt, Department of the Treasury, and are, therefore, ‘‘outstanding’’ as of March 31, 2012. The date of the call is July 1, 2012. The debentures will be redeemed at par plus accrued interest. Interest will cease to accrue on the debentures as of the call date. At redemption, final interest on any called debentures will be paid along with the principal. Payment of final principal and interest due on July 1, 2012, will be made automatically to the registered holder. During the period from the date of this notice to the call date, debentures that are subject to the call may not be used by the mortgagee for a special redemption purchase in payment of a mortgage insurance premium. No transfer of debentures covered by the foregoing call will be made on the PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE INTERIOR National Park Service [NPS–WASO–NRNHL–0212–9515; 2280– 665] Government-to-Government Telephonic Consultation Meetings National Park Service, Interior. The National Park Service announces two telephonic governmentto-government consultation meetings with Indian tribes that will be held to obtain initial input on issues related to programs of the National Register of Historic Places/National Historic Landmarks Program. The meetings will also provide an opportunity for input into the development of a consultation planning process for future consultation. The meetings are intended for every Indian tribe that the Secretary of the Interior acknowledges pursuant to the Federally Recognized Indian Tribe List Act of 1994 (25 U.S.C. 479a), and are in accordance with Executive Order 13175—Consultation and Coordination with Indian Tribal Governments (Nov. 6, 2000), the President’s Memorandum for the Heads of Executive Departments and Agencies on the implementation of Executive Order 13175 (Nov. 5, 2009), and the Secretary of the Interior’s Order No. 3317—Department of the Interior Policy on Consultation With Indian Tribes (Dec. 1, 2011). DATES: Monday, April 23, 2012, at 1 p.m. to 5 p.m. EDT: Wednesday, May 23, 2012, at 1 p.m. to 5 p.m. EDT. Location: Telephonic conference. FOR FURTHER INFORMATION CONTACT: Alexis Abernathy, National Register of Historic Places program, National Park Service; 1849 C Street NW., (2280); Washington, DC 20240; Telephone (202) 354–2236; Email: Alexis_Abernathy@nps.gov. The National Register of Historic Places/National Historic Landmarks Program of the National Park Service (NPS) invites Tribal Officials and/or their tribe’s authorized representative(s) AGENCY: SUMMARY: E:\FR\FM\27MRN1.SGM 27MRN1

Agencies

[Federal Register Volume 77, Number 59 (Tuesday, March 27, 2012)]
[Notices]
[Pages 18256-18258]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-7226]


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DEPARTMENT OF HOMELAND SECURITY

U.S. Customs and Border Protection


Quarterly IRS Interest Rates Used in Calculating Interest on 
Overdue Accounts and Refunds on Customs Duties

AGENCY: Customs and Border Protection, Department of Homeland Security.

ACTION: General notice.

-----------------------------------------------------------------------

SUMMARY: This notice advises the public of the quarterly Internal 
Revenue Service interest rates used to calculate interest on overdue 
accounts (underpayments) and refunds (overpayments) of customs duties. 
For the calendar quarter beginning April 1, 2012, the interest rates 
for overpayments will be 2 percent for corporations and 3 percent for 
non-corporations, and the interest rate for underpayments will be 3 
percent for both corporations and non-corporations. This notice is 
published for the convenience of the importing public and Customs and 
Border Protection personnel.

DATES: Effective Date: April 1, 2012.

FOR FURTHER INFORMATION CONTACT: Ron Wyman, Revenue Division, 
Collection and Refunds Branch, 6650 Telecom Drive, Suite 100, 
Indianapolis, Indiana 46278; telephone (317) 614-4516.

SUPPLEMENTARY INFORMATION: 

Background

    Pursuant to 19 U.S.C. 1505 and Treasury Decision 85-93, published 
in the Federal Register on May 29, 1985 (50 FR 21832), the interest 
rate paid on applicable overpayments or underpayments of customs duties 
must be in accordance with the Internal Revenue Code rate established 
under 26 U.S.C. 6621 and 6622. Section 6621 was amended (at paragraph 
(a)(1)(B) by the Internal Revenue Service Restructuring and Reform Act 
of 1998, Pub. L. 105-206, 112 Stat. 685) to provide different interest 
rates applicable to overpayments: one for corporations and one for non-
corporations.

[[Page 18257]]

    The interest rates are based on the Federal short-term rate and 
determined by the Internal Revenue Service (IRS) on behalf of the 
Secretary of the Treasury on a quarterly basis. The rates effective for 
a quarter are determined during the first-month period of the previous 
quarter.
    In Revenue Ruling 2012-8, the IRS determined the rates of interest 
for the calendar quarter beginning April 1, 2012, and ending on June 
30, 2012. The interest rate paid to the Treasury for underpayments will 
be the Federal short-term rate (1%) plus two percentage points (2%) for 
a total of three percent (3%) for both corporations and non-
corporations. For corporate overpayments, the rate is the Federal 
short-term rate (1%) plus one percentage point (1%) for a total of two 
percent (2%). For overpayments made by non-corporations, the rate is 
the Federal short-term rate (1%) plus two percentage points (2%) for a 
total of three percent (3%). These interest rates are subject to change 
for the calendar quarter beginning July 1, 2012, and ending September 
30, 2012.
    For the convenience of the importing public and Customs and Border 
Protection personnel the following list of IRS interest rates used, 
covering the period from before July of 1974 to date, to calculate 
interest on overdue accounts and refunds of customs duties, is 
published in summary format.

----------------------------------------------------------------------------------------------------------------
                                                                                                    Corporate
                                                             Under payments     Over payments     overpayments
             Beginning date                  Ending date        (percent)         (percent)       (Eff. 1-1-99)
                                                                                                    (percent)
----------------------------------------------------------------------------------------------------------------
070174..................................            063075                 6                 6
070175..................................            013176                 9                 9
020176..................................            013178                 7                 7
020178..................................            013180                 6                 6
020180..................................            013182                12                12
020182..................................            123182                20                20
010183..................................            063083                16                16
070183..................................            123184                11                11
010185..................................            063085                13                13
070185..................................            123185                11                11
010186..................................            063086                10                10
070186..................................            123186                 9                 9
010187..................................            093087                 9                 8
100187..................................            123187                10                 9
010188..................................            033188                11                10
040188..................................            093088                10                 9
100188..................................            033189                11                10
040189..................................            093089                12                11
100189..................................            033191                11                10
040191..................................            123191                10                 9
010192..................................            033192                 9                 8
040192..................................            093092                 8                 7
100192..................................            063094                 7                 6
070194..................................            093094                 8                 7
100194..................................            033195                 9                 8
040195..................................            063095                10                 9
070195..................................            033196                 9                 8
040196..................................            063096                 8                 7
070196..................................            033198                 9                 8
040198..................................            123198                 8                 7
010199..................................            033199                 7                 7                 6
040199..................................            033100                 8                 8                 7
040100..................................            033101                 9                 9                 8
040101..................................            063001                 8                 8                 7
070101..................................            123101                 7                 7                 6
010102..................................            123102                 6                 6                 5
010103..................................            093003                 5                 5                 4
100103..................................            033104                 4                 4                 3
040104..................................            063004                 5                 5                 4
070104..................................            093004                 4                 4                 3
100104..................................            033105                 5                 5                 4
040105..................................            093005                 6                 6                 5
100105..................................            063006                 7                 7                 6
070106..................................            123107                 8                 8                 7
010108..................................            033108                 7                 7                 6
040108..................................            063008                 6                 6                 5
070108..................................            093008                 5                 5                 4
100108..................................            123108                 6                 6                 5
010109..................................            033109                 5                 5                 4
040109..................................            123110                 4                 4                 3
010111..................................            033111                 3                 3                 2
040111..................................            093011                 4                 4                 3
100111..................................            063012                 3                 3                 2
----------------------------------------------------------------------------------------------------------------



[[Page 18258]]

    Dated: March 21, 2012.
David V. Aguilar,
Acting Commissioner, U.S. Customs and Border Protection.
[FR Doc. 2012-7226 Filed 3-26-12; 8:45 am]
BILLING CODE 9111-14-P
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