Submission for OMB Review; Comment Request, 29457-29458 [2012-11935]
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Federal Register / Vol. 77, No. 96 / Thursday, May 17, 2012 / Notices
2012, unless stayed pending
reconsideration. Petitions to stay that do
not involve environmental issues,1
formal expressions of intent to file an
OFA under 49 CFR 1152.27(c)(2),2 and
trail use/rail banking requests under 49
CFR 1152.29 must be filed by May 29,
2012. Petitions to reopen or requests for
public use conditions under 49 CFR
1152.28 must be filed by June 6, 2012,
with the Surface Transportation Board,
395 E Street SW., Washington, DC
20423–0001.
A copy of any petition filed with the
Board should be sent to ABL’s
representative: Charles H. Montange,
426 NW 162nd St., Seattle, WA 98177.
If the verified notice contains false or
misleading information, the exemption
is void ab initio.
ABL has filed a combined
environmental and historic report that
addresses the effects, if any, of the
abandonment on the environment and
historic resources. OEA will issue an
environmental assessment (EA) by May
22, 2012. Interested persons may obtain
a copy of the EA by writing to OEA
(Room 1100, Surface Transportation
Board, Washington, DC 20423–0001) or
by calling OEA at (202) 245–0305.
Assistance for the hearing impaired is
available through the Federal
Information Relay Service at 1–800–
877–8339. Comments on environmental
and historic preservation matters must
be filed within 15 days after the EA
becomes available to the public.
Environmental, historic preservation,
public use, or trail use/rail banking
conditions will be imposed, where
appropriate, in a subsequent decision.
Pursuant to the provisions of 49 CFR
1152.29(e)(2), ABL shall file a notice of
consummation with the Board to signify
that it has exercised the authority
granted and fully abandoned the line. If
consummation has not been effected by
ABL’s filing of a notice of
consummation by May 17, 2013, and
there are no legal or regulatory barriers
to consummation, the authority to
abandon will automatically expire.
Board decisions and notices are
available on our Web site at
‘‘www.stb.dot.gov.’’
mstockstill on DSK6TPTVN1PROD with NOTICES
Decided: May 9, 2012.
1 The Board will grant a stay if an informed
decision on environmental issues (whether raised
by a party or by the Board’s Office of Environmental
Analysis (OEA) in its independent investigation)
cannot be made before the exemption’s effective
date. See Exemption of Out-of-Serv. Rail Lines, 5
I.C.C.2d 377 (1989). Any request for a stay should
be filed as soon as possible so that the Board may
take appropriate action before the exemption’s
effective date.
2 Each OFA must be accompanied by the filing
fee, which is currently set at $1,500. See 49 CFR
1002.2(f)(25).
VerDate Mar<15>2010
17:20 May 16, 2012
Jkt 226001
By the Board, Rachel D. Campbell,
Director, Office of Proceedings.
Derrick A. Gardner,
Clearance Clerk.
[FR Doc. 2012–11976 Filed 5–16–12; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
May 14, 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 June 18, 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: 1545–0430.
Type of Review: Extension without
change of a currently approved
collection.
Title: Request for Prompt Assessment
Under Internal Revenue Code Section
6501(d).
Form: 4810.
Abstract: Form 4810 is used to request
a prompt assessment under IRC Section
6501(d). IRS uses this form to locate the
return to expedite processing of the
taxpayer’s request.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
24,800.
OMB Number: 1545–1018.
Type of Review: Extension without
change of a currently approved
collection.
PO 00000
Frm 00145
Fmt 4703
Sfmt 4703
29457
Title: TD 8366 (Temporary and Final)
Real Estate Mortgage Investment
Conduits; Reporting Requirements and
Other Administrative Matters; TD 8431
(Final) Allocation of Allocable
Investment Expense; Original Issue
Discount Reporting Requirements.
Abstract: The regulations prescribe
the manner in which an entity elects to
be taxed as a real estate mortgage
investment conduit (REMIC) and the
filing requirements for REMICs and
certain brokers.
Affected Public: Private Sector: Notfor-profits institutions.
Estimated Total Burden Hours: 978.
OMB Number: 1545–1231.
Type of Review: Extension without
change of a currently approved
collection.
Title: TD 9436—Tax Return Preparer
Penalties Under Section 6694 and 6695
(Final Regulations); TD 8382—Penalty
on Income Tax Return Preparers Who
Understate Taxpayer’s Liability on a
Federal Income Tax Return or a Claim
for Refund.
Abstract: This information is
necessary to make the record of the
name, taxpayer identification number,
and principal place of work of each tax
return preparer, make each return or
claim for refund prepared available for
inspection by the Commissioner of
Internal Revenue, and to document that
the tax return preparer advised the
taxpayer of the penalty standards
applicable to the taxpayer in order for
the tax return preparer to avoid
penalties under section 6694. These
regulations implements amendments to
the tax return preparer penalties under
sections 6694 and 6695 of the Internal
Revenue Code and related provisions
under sections 6060, 6107, 6109, 6696,
and 7701(a)(36) reflecting amendments
to the Code made by section 8246 of the
Small Business and Work Opportunity
Tax Act of 2007 and section 506 of the
Tax Extenders and Alternative
Minimum Tax Relief Act of 2008. The
final regulation affects tax return
preparers and provides guidance
regarding the amended provisions.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
10,679,320.
OMB Number: 1545–1290.
Type of Review: Extension without
change of a currently approved
collection.
Title: TD 8513—Bad Debt Reserves of
Banks.
Abstract: Section 585(c) of the
Internal Revenue Code requires large
banks to change from the reserve
method of accounting to the specific
E:\FR\FM\17MYN1.SGM
17MYN1
29458
Federal Register / Vol. 77, No. 96 / Thursday, May 17, 2012 / Notices
charge off method of accounting for bad
debts. The information required by
§ 1.585–8 of the regulations identifies
any election made or revoked by the
taxpayer in accordance with § 585(c).
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 625.
OMB Number: 1545–1514.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–209040–88 (NPRM),
Qualified Electing Fund Elections.
Abstract: The regulations permit
certain shareholders to make a special
section 1295 election with respect to
certain preferred shares of a PFIC.
Taxpayers must indicate the election on
a Form 8621 and attach a statement
containing certain information and
representations. Form 8621 must be
filed annually. The shareholder also
must obtain, and retain a copy of, a
statement from the corporation as to its
status as a PFIC.
Affected Public: Individuals or
Households.
Estimated Total Burden Hours: 600.
OMB Number: 1545–1954.
Type of Review: Extension without
change of a currently approved
collection.
Title: Health Coverage Tax Credit
Registration Update Form.
Form: 13704.
Abstract: Internal Revenue Code
Sections 35 and 7527 enacted by public
law 107–210 require the Internal
Revenue Service to provide payments of
the HCTC to eligible individuals
beginning August 1, 2003. The IRS will
use the Registration Update Form to
ensure, that the processes and
communications for delivering these
payments help taxpayers determine if
they are eligible for the credit and
understand what they need to do to
continue to receive it.
Affected Public: Individuals or
Households.
Estimated Total Burden Hours: 1,100.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2012–11935 Filed 5–16–12; 8:45 am]
BILLING CODE 4830–01–P
mstockstill on DSK6TPTVN1PROD with NOTICES
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
DEPARTMENT OF THE TREASURY
Comments should be received on
or before June 18, 2012 to be assured of
consideration.
[Docket No. OCC–2012–0004]
Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestion for reducing the burden, to
the (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
to the (2) Treasury PRA Clearance
Officer, 1750 Pennsylvania Ave. NW.,
Suite 8140, Washington, DC 20220, or
on-line at www.PRAComment.gov.
[Docket No. OP–1421]
DATES:
ADDRESSES:
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.
Alcohol and Tobacco Tax and Trade
Bureau (TTB)
OMB Number: 1513–0103.
Type of Review: Revision a currently
approved collection.
Title: Tobacco Bond—Collateral,
Tobacco Bond—Surety, and Tobacco
Bond.
Form: TTB F 5200.25, 5200.26,
5200.29.
Abstract: TTB requires a corporate
surety bond or a collateral bond to
ensure payment of the excise tax on
tobacco products (TP) and cigarette
paper and tubes (CP&T) removed from
the factory or warehouse. These TTB
forms identify the agreement to pay and
the person from which TTB will attempt
to collect any unpaid excise tax.
Manufactures of TP or CP&T, export
warehouse proprietors, and corporate
sureties, if applicable, are the
respondents for these forms.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 111.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
May 14, 2012.
[FR Doc. 2012–11985 Filed 5–16–12; 8:45 am]
The Department of the Treasury will
submit the following information
collection request to the Office of
Management and Budget (OMB) for
VerDate Mar<15>2010
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.
17:20 May 16, 2012
Jkt 226001
BILLING CODE 4810–31–P
PO 00000
Frm 00146
Fmt 4703
Sfmt 4703
Office of the Comptroller of the
Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE
CORPORATION
Supervisory Guidance on Stress
Testing for Banking Organizations
With More Than $10 Billion in Total
Consolidated Assets
Board of Governors of the
Federal Reserve System (‘‘Board’’ or
‘‘Federal Reserve’’); Federal Deposit
Insurance Corporation (‘‘FDIC’’); Office
of the Comptroller of the Currency,
Treasury (‘‘OCC’’).
ACTION: Final supervisory guidance.
AGENCY:
The Board, FDIC and OCC,
(collectively, the ‘‘agencies’’) are issuing
this guidance, which outlines high-level
principles for stress testing practices,
applicable to all Federal Reservesupervised, FDIC-supervised, and OCCsupervised banking organizations with
more than $10 billion in total
consolidated assets. The guidance
highlights the importance of stress
testing as an ongoing risk management
practice that supports a banking
organization’s forward-looking
assessment of its risks and better equips
the organization to address a range of
adverse outcomes.
DATES: This guidance will become
effective on July 23, 2012.
FOR FURTHER INFORMATION CONTACT:
Board: Constance M. Horsley,
Manager, Capital and Regulatory Policy
(202) 452–5239, David Palmer, Senior
Supervisory Analyst, Risk Section, (202)
452–2904, or Sean Healey, Financial
Analyst, Capital and Regulatory Policy,
(202) 912–4611, Division of Banking
Supervision and Regulation; or
Benjamin W. McDonough, Senior
Counsel, (202) 452–2036, Christine E.
Graham, Senior Attorney, (202) 452–
3005, or Dominic A. Labitzky, Senior
Attorney, (202) 452–3428, Legal
Division, Board of Governors of the
Federal Reserve System, 20th and C
Streets NW., Washington, DC 20551.
FDIC: George French, Deputy
Director, Policy, (202) 898–3929; Robert
Burns, Associate Director, Division of
Risk Management Supervision, (202)
898–3905; Karl Reitz, Senior Capital
Markets Specialist, (202) 898–6775,
Division of Risk Management
Supervision; or Mark Flanigan, Counsel,
SUMMARY:
E:\FR\FM\17MYN1.SGM
17MYN1
Agencies
[Federal Register Volume 77, Number 96 (Thursday, May 17, 2012)]
[Notices]
[Pages 29457-29458]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-11935]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
May 14, 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 June 18, 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: 1545-0430.
Type of Review: Extension without change of a currently approved
collection.
Title: Request for Prompt Assessment Under Internal Revenue Code
Section 6501(d).
Form: 4810.
Abstract: Form 4810 is used to request a prompt assessment under
IRC Section 6501(d). IRS uses this form to locate the return to
expedite processing of the taxpayer's request.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 24,800.
OMB Number: 1545-1018.
Type of Review: Extension without change of a currently approved
collection.
Title: TD 8366 (Temporary and Final) Real Estate Mortgage
Investment Conduits; Reporting Requirements and Other Administrative
Matters; TD 8431 (Final) Allocation of Allocable Investment Expense;
Original Issue Discount Reporting Requirements.
Abstract: The regulations prescribe the manner in which an entity
elects to be taxed as a real estate mortgage investment conduit (REMIC)
and the filing requirements for REMICs and certain brokers.
Affected Public: Private Sector: Not-for-profits institutions.
Estimated Total Burden Hours: 978.
OMB Number: 1545-1231.
Type of Review: Extension without change of a currently approved
collection.
Title: TD 9436--Tax Return Preparer Penalties Under Section 6694
and 6695 (Final Regulations); TD 8382--Penalty on Income Tax Return
Preparers Who Understate Taxpayer's Liability on a Federal Income Tax
Return or a Claim for Refund.
Abstract: This information is necessary to make the record of the
name, taxpayer identification number, and principal place of work of
each tax return preparer, make each return or claim for refund prepared
available for inspection by the Commissioner of Internal Revenue, and
to document that the tax return preparer advised the taxpayer of the
penalty standards applicable to the taxpayer in order for the tax
return preparer to avoid penalties under section 6694. These
regulations implements amendments to the tax return preparer penalties
under sections 6694 and 6695 of the Internal Revenue Code and related
provisions under sections 6060, 6107, 6109, 6696, and 7701(a)(36)
reflecting amendments to the Code made by section 8246 of the Small
Business and Work Opportunity Tax Act of 2007 and section 506 of the
Tax Extenders and Alternative Minimum Tax Relief Act of 2008. The final
regulation affects tax return preparers and provides guidance regarding
the amended provisions.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 10,679,320.
OMB Number: 1545-1290.
Type of Review: Extension without change of a currently approved
collection.
Title: TD 8513--Bad Debt Reserves of Banks.
Abstract: Section 585(c) of the Internal Revenue Code requires
large banks to change from the reserve method of accounting to the
specific
[[Page 29458]]
charge off method of accounting for bad debts. The information required
by Sec. 1.585-8 of the regulations identifies any election made or
revoked by the taxpayer in accordance with Sec. 585(c).
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 625.
OMB Number: 1545-1514.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-209040-88 (NPRM), Qualified Electing Fund Elections.
Abstract: The regulations permit certain shareholders to make a
special section 1295 election with respect to certain preferred shares
of a PFIC. Taxpayers must indicate the election on a Form 8621 and
attach a statement containing certain information and representations.
Form 8621 must be filed annually. The shareholder also must obtain, and
retain a copy of, a statement from the corporation as to its status as
a PFIC.
Affected Public: Individuals or Households.
Estimated Total Burden Hours: 600.
OMB Number: 1545-1954.
Type of Review: Extension without change of a currently approved
collection.
Title: Health Coverage Tax Credit Registration Update Form.
Form: 13704.
Abstract: Internal Revenue Code Sections 35 and 7527 enacted by
public law 107-210 require the Internal Revenue Service to provide
payments of the HCTC to eligible individuals beginning August 1, 2003.
The IRS will use the Registration Update Form to ensure, that the
processes and communications for delivering these payments help
taxpayers determine if they are eligible for the credit and understand
what they need to do to continue to receive it.
Affected Public: Individuals or Households.
Estimated Total Burden Hours: 1,100.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2012-11935 Filed 5-16-12; 8:45 am]
BILLING CODE 4830-01-P