Submission for OMB Review; Comment Request, 25230-25231 [2012-10163]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES 25230 Federal Register / Vol. 77, No. 82 / Friday, April 27, 2012 / Notices 49 CFR 1150.31 to lease from Norfolk Southern Railway Company (NSR), and to operate, a line of railroad referred to as the Brampton Lead, beginning just beyond the northernmost turnout switch at NSR milepost FL 5.5 and extending approximately 5,684 feet in a (generally) northeasterly direction to the end of the track adjacent to the Savannah River in Garden City, Ga. According to AWRY, there are no official mileposts on the line. AWRY notes that all turnouts on the line east of the NSR milepost FL 5.5 junction and all side and storage tracks that are connected to the line will be included in the lease agreement that is expected to be completed prior to the effective date of the exemption. AWRY points out that it will interchange traffic with NSR at Garden City. AWRY states that the agreement or agreements that will be executed by the parties will not contain any interchange commitments. The parties intend to consummate the proposed transaction on or after May 11, 2012, the effective date of the exemption (30 days after the exemption was filed). AWRY certifies that its projected annual revenues as a result of this transaction will not result in its becoming a Class I or Class II rail carrier. AWRY further certifies that its projected annual revenues as a result of this transaction will not exceed $5 million. If the verified notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) 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 May 4, 2012 (at least 7 days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to Docket No. FD 35614, must be filed with the Surface Transportation Board, 395 E Street SW., Washington, DC 20423–0001. In addition, one copy of each pleading must be served on Robert A. Wimbish, Baker & Miller PLLC, 2401 Pennsylvania Ave. NW., Suite 300, Washington, DC 20037. Board decisions and notices are available on our Web site at ‘‘www.stb.dot.gov.’’ Decided: April 23, 2012. By the Board, Rachel D. Campbell, Director, Office of Proceedings. Derrick A. Gardner, Clearance Clerk. [FR Doc. 2012–10216 Filed 4–26–12; 8:45 am] BILLING CODE 4915–01–P VerDate Mar<15>2010 17:44 Apr 26, 2012 Jkt 226001 DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request April 24, 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 May 29, 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 8140, 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. Internal Revenue Service (IRS) OMB Number: 1545–1146. Type of Review: Extension without change of a currently approved collection. Title: TD 8444—Applicable Conventions Under the Accelerated Cost Recovery System PS–54–89. Abstract: The regulations describe the time and manner of making the notation required to be made on Form 4562 under certain circumstances when the taxpayer transfer property in certain non-recognition transactions. The information is necessary to monitor compliance with the section 168 rules. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 70. OMB Number: 1545–1959. Type of Review: Extension without change of a currently approved collection. Title: Contributions of Motor Vehicles, Boats, and Airplanes. Form: 1098–C. Abstract: Section 884 of the American Jobs Creation Act of 1004 (Pub. L. 108– 357) added paragraph 12 to section PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 170(f) for contributions of used motor vehicles, boats, and airplanes. Section 170(f)(12) requires that a donee organization provide an acknowledgement to the donor of this type of property and is required to file the same information to the Internal Revenue Service. Form 1098–C may be used as the acknowledgement and it, or an acceptable substitute, must be filed with the IRS. Affected Public: Private Sector: Notfor-profits institutions. Estimated Total Burden Hours: 6,500. OMB Number: 1545–1966. Type of Review: Extension without change of a currently approved collection. Title: TD 9263—Income Attributable to Domestic Production Activities. Abstract: This document contains final regulations concerning the deduction for income attributable to domestic production activities under section 199 of the Internal Revenue Code. Section 199 was enacted as part of the American Jobs Creation Act of 2004 (Act). The regulations will affect taxpayers engaged in certain domestic production activities. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 9,000. OMB Number: 1545–1992. Type of Review: Extension without change of a currently approved collection. Title: TD 9324—Designated Roth Contributions Under Section 402A. Abstract: The regulations set forth the rules for taxation of distributions from Designated Roth Accounts which are a part of a 401(k) plan or 403(b) plan. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Burden Hours: 828,000. OMB Number: 1545–2120. Type of Review: Extension without change of a currently approved collection. Title: Revenue Procedure 2008–60: Election Involving the Repeal of the Bonding Requirement under § 42(j)(6). Abstract: This revenue procedure affects taxpayers who are maintaining a surety bond or a Treasury Direct Account (TDA) to satisfy the lowincome housing tax credit recapture exception in § 42(j)(6) of the Internal Revenue Code, as in effect on or before July 30, 2008. This revenue procedure provides the procedures for taxpayers to follow when making the election under section 3004(i)(2)(B)(ii) of the Housing Assistance Tax Act of 2008 (Pub. L. 110–289) to no longer maintain a surety bond or a TDA to avoid recapture. E:\FR\FM\27APN1.SGM 27APN1 Federal Register / Vol. 77, No. 82 / Friday, April 27, 2012 / Notices mstockstill on DSK4VPTVN1PROD with NOTICES Affected Public: Individuals or Households. Estimated Total Burden Hours: 7,810. OMB Number: 1545–2144. Type of Review: Extension without change of a currently approved collection. Title: Validating Your TIN and Reasonable Cause. Form: 13997. Abstract: Under the provisions of Internal Revenue Code Section (IRC § ) 6039E, Information Concerning Resident Status, individuals are required to provide certain information (see IRC § 6039E(b)) with their application for a U.S. passport or with their application for permanent U.S. residence. This form is an attachment to Letter 4318 to inform the individual about the IRC provisions, the penalty, and to request them to complete this form and return it to the IRS. Affected Public: Individuals or Households. Estimated Total Burden Hours: 2,000. OMB Number: 1545–2203. Type of Review: Extension without change of a currently approved collection. Title: Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent. Form: 8939 and Schedules. Abstract: Section 6018 of the Internal Revenue Code requires this return to be filed by an executor the fair market value of all property (other than cash) acquired from the decedent is more than $1.3 million; in the case of a decedent who was a nonresident not a citizen of the United States, the fair market value of tangible property situated in the United States and other property acquired from the decedent by a United States person is greater than $60,000; or appreciated property is acquired from the decedent that the decedent acquired by gift within three years of death and a gift tax return was required to be filed on the transfer to the decedent. Section 6018(e) also requires executors who must file Form 8939 to provide the same information to recipients of the property as the executor must provide to the IRS. Affected Public: Individuals or Households. Estimated Total Burden Hours: 2,482,080. OMB Number: 1545–2218. Type of Review: Extension without change of a currently approved collection. Title: Notice 2011–83, Pennsylvania Low-Income Housing Credit Disaster Relief. Abstract: The Internal Revenue Service is suspending certain VerDate Mar<15>2010 17:44 Apr 26, 2012 Jkt 226001 requirements under § 42 of the Internal Revenue Code for low-income housing credit projects to provide emergency housing relief needed as a result of the devastation caused by Hurricane Irene in Pennsylvania during the period of August 26, 2011 to August 30, 2011, and Tropical Storm Lee beginning on September 3, 2011. Affected Public: Individual or Households. Estimated Total Burden Hours: 150. OMB Number: 1545–2219. Type of Review: Extension without change of a currently approved collection. Title: Reporting Abusive Tax Promotions or Preparers. Form: 14242. Abstract: The form is used to report an abusive tax avoidance scheme and tax return preparers who promote such schemes. The information is collected to combat abusive tax promoters. Respondents can be individuals, businesses and tax return preparers. Affected Public: Individual or Households; Private Sector: Businesses or other for-profit, not-for-profit institutions. Estimated Total Burden Hours: 3,600. OMB Number: 1545–2220. Type of Review: Extension without change of a currently approved collection. Title: Notice 2011–87, New York LowIncome Housing Credit Disaster Relief. Abstract: The Internal Revenue Service is suspending certain requirements under § 42 of the Internal Revenue Code for low-income housing credit projects to provide emergency housing relief needed as a result of the devastation in New York caused by either Hurricane Irene during the period of August 26, 2011 to September 5, 2011, or the remnants of Tropical Storm Lee during the period of September 7, 2011 to September 11, 2011. Affected Public: Individual or Households. Estimated Total Burden Hours: 300. OMB Number: 1545–2221. Type of Review: Extension without change of a currently approved collection. Title: Mortgage Assistance Payments. Form: 1098–MA. Abstract: Information is needed to identify taxpayers who may not be taking a correct mortgage interest deduction, since mortgage servicers processing mortgage payments may not be able to segregate payments received from government funds versus payments made by individual mortgagees. Respondents include the Department of Housing and Urban PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 25231 Development and State Housing Finance Agencies from the 50 states and the District of Columbia. Affected Public: State, Local, and Tribal Governments. Estimated Total Burden Hours: 170,400. Dawn D. Wolfgang, Treasury PRA Clearance Officer. [FR Doc. 2012–10163 Filed 4–26–12; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. AGENCY: The OCC, 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 a continuing information collection, as required by the Paperwork Reduction Act of 1995. An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid OMB control number. The OCC is soliciting comment concerning its information collection titled, ‘‘Bank Activities and Operations.’’ The OCC is also giving notice that it has sent this collection to OMB for review. DATES: You should submit written comments by May 29, 2012. ADDRESSES: Communications Division, Office of the Comptroller of the Currency, Mailstop 2–3, Attention: 1557–0204, 250 E Street SW., Washington, DC 20219. In addition, comments may be sent by fax to (202) 874–5274, or by electronic mail to regs.comments@occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 250 E Street SW., Washington, DC. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 874–4700. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect and photocopy comments. Additionally, you should send a copy of your comments to OCC Desk Officer, SUMMARY: E:\FR\FM\27APN1.SGM 27APN1

Agencies

[Federal Register Volume 77, Number 82 (Friday, April 27, 2012)]
[Notices]
[Pages 25230-25231]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-10163]


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

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 24, 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 May 29, 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 8140, 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.

Internal Revenue Service (IRS)

    OMB Number: 1545-1146.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8444--Applicable Conventions Under the Accelerated Cost 
Recovery System PS-54-89.
    Abstract: The regulations describe the time and manner of making 
the notation required to be made on Form 4562 under certain 
circumstances when the taxpayer transfer property in certain non-
recognition transactions. The information is necessary to monitor 
compliance with the section 168 rules.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 70.

    OMB Number: 1545-1959.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Contributions of Motor Vehicles, Boats, and Airplanes.
    Form: 1098-C.
    Abstract: Section 884 of the American Jobs Creation Act of 1004 
(Pub. L. 108-357) added paragraph 12 to section 170(f) for 
contributions of used motor vehicles, boats, and airplanes. Section 
170(f)(12) requires that a donee organization provide an 
acknowledgement to the donor of this type of property and is required 
to file the same information to the Internal Revenue Service. Form 
1098-C may be used as the acknowledgement and it, or an acceptable 
substitute, must be filed with the IRS.
    Affected Public: Private Sector: Not-for-profits institutions.
    Estimated Total Burden Hours: 6,500.

    OMB Number: 1545-1966.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 9263--Income Attributable to Domestic Production 
Activities.
    Abstract: This document contains final regulations concerning the 
deduction for income attributable to domestic production activities 
under section 199 of the Internal Revenue Code. Section 199 was enacted 
as part of the American Jobs Creation Act of 2004 (Act). The 
regulations will affect taxpayers engaged in certain domestic 
production activities.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 9,000.

    OMB Number: 1545-1992.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 9324--Designated Roth Contributions Under Section 402A.
    Abstract: The regulations set forth the rules for taxation of 
distributions from Designated Roth Accounts which are a part of a 
401(k) plan or 403(b) plan.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 828,000.

    OMB Number: 1545-2120.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2008-60: Election Involving the Repeal of 
the Bonding Requirement under Sec.  42(j)(6).
    Abstract: This revenue procedure affects taxpayers who are 
maintaining a surety bond or a Treasury Direct Account (TDA) to satisfy 
the low-income housing tax credit recapture exception in Sec.  42(j)(6) 
of the Internal Revenue Code, as in effect on or before July 30, 2008. 
This revenue procedure provides the procedures for taxpayers to follow 
when making the election under section 3004(i)(2)(B)(ii) of the Housing 
Assistance Tax Act of 2008 (Pub. L. 110-289) to no longer maintain a 
surety bond or a TDA to avoid recapture.

[[Page 25231]]

    Affected Public: Individuals or Households.
    Estimated Total Burden Hours: 7,810.

    OMB Number: 1545-2144.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Validating Your TIN and Reasonable Cause.
    Form: 13997.
    Abstract: Under the provisions of Internal Revenue Code Section 
(IRC Sec.  ) 6039E, Information Concerning Resident Status, individuals 
are required to provide certain information (see IRC Sec.  6039E(b)) 
with their application for a U.S. passport or with their application 
for permanent U.S. residence. This form is an attachment to Letter 4318 
to inform the individual about the IRC provisions, the penalty, and to 
request them to complete this form and return it to the IRS.
    Affected Public: Individuals or Households.
    Estimated Total Burden Hours: 2,000.

    OMB Number: 1545-2203.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form 8939, Allocation of Increase in Basis for Property 
Acquired From a Decedent.
    Form: 8939 and Schedules.
    Abstract: Section 6018 of the Internal Revenue Code requires this 
return to be filed by an executor the fair market value of all property 
(other than cash) acquired from the decedent is more than $1.3 million; 
in the case of a decedent who was a nonresident not a citizen of the 
United States, the fair market value of tangible property situated in 
the United States and other property acquired from the decedent by a 
United States person is greater than $60,000; or appreciated property 
is acquired from the decedent that the decedent acquired by gift within 
three years of death and a gift tax return was required to be filed on 
the transfer to the decedent. Section 6018(e) also requires executors 
who must file Form 8939 to provide the same information to recipients 
of the property as the executor must provide to the IRS.
    Affected Public: Individuals or Households.
    Estimated Total Burden Hours: 2,482,080.

    OMB Number: 1545-2218.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2011-83, Pennsylvania Low-Income Housing Credit 
Disaster Relief.
    Abstract: The Internal Revenue Service is suspending certain 
requirements under Sec.  42 of the Internal Revenue Code for low-income 
housing credit projects to provide emergency housing relief needed as a 
result of the devastation caused by Hurricane Irene in Pennsylvania 
during the period of August 26, 2011 to August 30, 2011, and Tropical 
Storm Lee beginning on September 3, 2011.
    Affected Public: Individual or Households.
    Estimated Total Burden Hours: 150.

    OMB Number: 1545-2219.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Reporting Abusive Tax Promotions or Preparers.
    Form: 14242.
    Abstract: The form is used to report an abusive tax avoidance 
scheme and tax return preparers who promote such schemes. The 
information is collected to combat abusive tax promoters. Respondents 
can be individuals, businesses and tax return preparers.
    Affected Public: Individual or Households; Private Sector: 
Businesses or other for-profit, not-for-profit institutions.
    Estimated Total Burden Hours: 3,600.

    OMB Number: 1545-2220.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2011-87, New York Low-Income Housing Credit Disaster 
Relief.
    Abstract: The Internal Revenue Service is suspending certain 
requirements under Sec.  42 of the Internal Revenue Code for low-income 
housing credit projects to provide emergency housing relief needed as a 
result of the devastation in New York caused by either Hurricane Irene 
during the period of August 26, 2011 to September 5, 2011, or the 
remnants of Tropical Storm Lee during the period of September 7, 2011 
to September 11, 2011.
    Affected Public: Individual or Households.
    Estimated Total Burden Hours: 300.

    OMB Number: 1545-2221.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Mortgage Assistance Payments.
    Form: 1098-MA.
    Abstract: Information is needed to identify taxpayers who may not 
be taking a correct mortgage interest deduction, since mortgage 
servicers processing mortgage payments may not be able to segregate 
payments received from government funds versus payments made by 
individual mortgagees. Respondents include the Department of Housing 
and Urban Development and State Housing Finance Agencies from the 50 
states and the District of Columbia.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Burden Hours: 170,400.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2012-10163 Filed 4-26-12; 8:45 am]
BILLING CODE 4830-01-P
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