Submission for OMB Review; Comment Request, 52785-52789 [2012-21402]
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Federal Register / Vol. 77, No. 169 / Thursday, August 30, 2012 / Notices
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deletions or restrictions of the Interstate
system or other National Network route
based upon specified justification
criteria in section 658.11(d)(2). Requests
for deletions are published in the
Federal Register for notice and
comment.
Notice and Request for Comment
The FHWA published a Notice and
Request for Comment on July 9, seeking
comments from the general public on
this request submitted by the MDTA for
a deletion in accordance with 23 CFR
658.11(d). The comment period closed
on August 9. No public comments were
received.
The FHWA sought comments on this
request for temporary deletion from the
National Network in accordance with 23
CFR 658.11(d). Specifically, the request
is for approval of the temporary closure
of I–395 just south of Conway Street in
the city of Baltimore from the period
beginning Wednesday August 29, at
approximately 6 p.m. through Tuesday,
September 4, at around 6 a.m.,
encompassing the Labor Day holiday.
This closure will be undertaken in
support of the BGP which will use the
streets of downtown Baltimore as a race
course. It is anticipated the BGP event
will be hosted in the city of Baltimore
for the next 4 consecutive years. The
inaugural event occurred September 2
through September 4, 2011. The event is
expected to attract 160,000 spectators
over a 3–4 day period, not including the
event organizer workforce and
volunteers, the racing organizations and
their respective personnel, or media and
vendors. Event planners expect
spectators from within a 400-mile radius
of the city, with a large portion traveling
the I–95 corridor. It is anticipated that
the attendance for the peak day
(Sunday) will reach 70,000 people with
most arriving by private vehicle.
The construction and operation of the
race course will create safety concerns
by obstructing access from the I–395
northern terminus to the local street
system including Howard Street,
Conway Street, and Lee Street.
However, an existing connection from I–
395 to Martin Luther King, Jr. Boulevard
will remain open throughout the event.
In addition, access to and from I–95 into
and out of the city along alternative
access routes, including US 1, US 40,
Russell Street, and Washington
Boulevard will be maintained. The BGP
and the city plan to update the 2011
signing plan to inform and guide
motorists to, through, and around the
impacted downtown area. The statewide
transportation operations system, the
Coordinated Highways Action Response
Team, will provide real-time traffic
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information to motorists through
dynamic message signs and highway
advisory radio. The MDTA states that
the temporary closure of this segment of
I–395 to general traffic should have no
impact on Interstate commerce. I–95,
the main north-south Interstate route in
the region, will remain open during the
time period of the event. There are five
additional I–95 interchanges, just to the
north or south of I–395, with
connections to the local street system
including the arterials servicing the
city’s downtown area. A sign and
supplemental traffic control systems
plan was developed as part of the 2011
event’s Traffic Management Plan (TMP).
In addition, I–695 (Baltimore Beltway)
will provide motorists traveling through
the region the ability to bypass the
impact area by circling around the city.
Commercial motor vehicles of the
dimensions and configurations
described in 23 CFR 658.13 and 658.15
which serve the impacted area, may use
the alternate routes listed above.
Vehicles servicing the businesses
bordering the impacted area will still be
able to do so by also using the
alternative routes noted above to
circulate around the restricted area. In
addition, vehicles not serving
businesses in the restricted area but,
currently using I–395 and the local
street system to reach their ultimate
destinations, will be able to use the I–
95 interchanges north and south of I–
395 to access the alternative routes. A
map depicting the alternative routes is
available electronically at the docket
established for this notice at https://
www.regulations.gov. The MDTA has
reviewed these alternative routes and
determined the routes to generally be
capable of safely accommodating the
diverted traffic during the period of
temporary restriction. As mentioned
previously, the sign and supplemental
traffic control system plan is also being
updated as part of the event’s TMP.
Commercial vehicles as well as general
traffic leaving the downtown area will
also be able to use the alternative routes
to reach I–95 and the rest of the
Interstate System. The BGP and the city
are working closely with businesses,
including the hotels and restaurants
located within the impact area, to
schedule deliveries prior to the
proposed I–395 closure to the extent
feasible. The BGP is also working with
affected businesses to schedule delivery
services during the event period.
The original plan uses a credentialing
process for access through designated
gates with access to specific loading
areas. This request to temporarily close
I–395 was prepared for the MDTA by
the BGP and the city. In addition, the
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city has reached out to the Federal,
State, and local agencies to collaborate
and coordinate efforts to address the
logistical challenges of hosting the BGP.
The BGP and the city have worked
extensively with the businesses and
residential communities in the city that
could be affected by the event. These
efforts include the formation of Task
Forces and event Sub-Committees, to
guide the development of plans for
event security, transportation
management, public safety and more.
The FHWA did not receive any
comments in response to the Notice and
Request for Comment. After full
consideration of the MDTA request
discussed in this final notice and
determining that the request meets the
requirements of 23 CFR 658.11(d),
FHWA approves the deletion as
proposed.
Authority: 23 U.S.C. 127, 315 and 49
U.S.C. 31111, 31112, and 31114; 23 CFR part
658.
Issued on: August 24, 2012.
Victor M. Mendez,
Administrator.
[FR Doc. 2012–21396 Filed 8–29–12; 8:45 am]
BILLING CODE 4910–22–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
August 27, 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 October 1, 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 email
at PRA@treasury.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
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Federal Register / Vol. 77, No. 169 / Thursday, August 30, 2012 / Notices
information collection request maybe
found at www.reginfo.gov.
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Internal Revenue Service (IRS)
OMB Number: 1545–0169.
Type of Review: Extension without
change of a currently approved
collection.
Title: Form 4461, Application for
Approval of Master or Prototype
Defined Contribution Plan; Form 4461–
A, Application for Approval of Master
or Prototype Defined Benefit Plan; Form
4461–B, Application for Approval of
Master or Prototype or Volume
Submitter Plans.
Form: Forms 4461, 4461–A, 4461–B.
Abstract: The IRS uses these forms to
determine from the information
submitted whether the applicant plan
qualifies under section 401(a) of the
Internal Revenue Code for plan
approval. The application is also used to
determine if the related trust qualifies
for tax exempt status under Code
section 501(a).
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours:
65,765.
OMB Number: 1545–0202.
Type of Review: Revision of a
currently approved collection.
Title: Form 5310, Application for
Determination for Terminating Plan;
Form 6088, Distributable Benefits from
Employee Pension Benefit Plans.
Form: 5310, 6088.
Abstract: Employers who have
qualified deferred compensation plans
can take an income tax deduction for
contributions to their plans. IRS uses
the data on Forms 5310 and 6088 to
determine whether a plan still qualifies
and whether there is any discrimination
in benefits.
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours:
1,718,300.
OMB Number: 1545–0770.
Type of Review: Extension without
change of a currently approved
collection.
Title: FI–182–78 (NPRM)—Transfers
of Securities Under Certain Agreements.
Abstract: Section 1058 of the Internal
Revenue Code provides tax-free
treatment for transfers of securities
pursuant to a securities lending
agreement. The agreement must be in
writing and is used by the taxpayer, in
a tax audit situation, to justify no
recognition treatment of gain or loss on
the exchange of the securities.
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours: 9,781.
OMB Number: 1545–0919.
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Type of Review: Extension without
change of a currently approved
collection.
Title: Limitations on Percentage
Depletion in the Case of Oil and Gas
Wells (PS–105–75) Final.
Abstract: The regulations require each
partner to separately keep records of his
share of the adjusted basis of
partnership oil and gas property and
require each partnership, trusts, estate,
and operator to provide information
necessary to certain persons to compute
depletion with respect to oil and gas.
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours: 1.
OMB Number: 1545–1049.
Type of Review: Extension without
change of a currently approved
collection.
Title: IA–7–88, (T.D. 8379) Excise Tax
Relating to Gain or Other Income
Realized by Any Person on Receipt of
Greenmail.
Abstract: The final regulations
provide rules relating to the manner and
method of reporting and paying the
nondeductible 50 percent tax imposed
by section 5881 of the Internal Revenue
Code with respect to the receipt of
greenmail.
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours: 2.
OMB Number: 1545–1233.
Type of Review: Extension without
change of a currently approved
collection.
Title: Adjusted Current Earnings (IA–
14–91)(Final).
Abstract: This regulation affects
business and other for profit
institutions. This information is
required by the IRS to ensure the proper
application of section 1.56(g)–1 of the
regulation. It will be used to verify that
taxpayers have properly elected the
benefits of section 1.56(g)–1(r) of the
regulation.
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours: 1,000.
OMB Number: 1545–1347.
Type of Review: Extension without
change of a currently approved
collection.
Title: FI–7–94 and FI–36–92 (Final)
Arbitrage Restrictions on Tax-Exempt
Bonds.
Abstract: The Code limits the ability
of state and local government issuers of
tax-exempt bonds to earn and/or keep
arbitrage profits earned with bond
proceeds. This regulation requires
recordkeeping of certain interest rate
hedges so that the hedges are taken into
account in determining those profits.
Affected Public: State, Local and
Tribal Governments.
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Estimated Total Burden Hours:
42,050.
OMB Number: 1545–1480.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–107047–00 (TD 8985—
Final), Hedging Transactions.
Abstract: The information is required
by the IRS to aid it in administering the
law and to prevent manipulation. The
information will be used to verify that
a taxpayer is properly reporting its
business hedging transactions.
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours:
171,050.
OMB Number: 1545–1504.
Type of Review: Extension without
change of a currently approved
collection.
Title: Application for Taxpayer
Assistance Order (ATAO).
Abstract: This form is used by
taxpayers to apply for relief from a
significant hardship which may have
already occurred or is about to occur if
the IRS takes or fails to take certain
actions. This form is submitted to the
IRS Taxpayer Advocate Office in the
state or city where the taxpayer lives.
Affected Public: Individuals or
Households.
Estimated Total Burden Hours:
46,500.
OMB Number: 1545–1510.
Type of Review: Extension without
change of a currently approved
collection.
Title: Revenue Procedure 2004–53;
Procedure for filing Forms W–2 is
certain Acquisitions (Rev Proc. 96–60).
Abstract: Information is required by
the Internal Revenue Service to assist
predecessor and successor employers in
complying with the reporting
requirements under Code sections 6051
and 6011 for Forms W–2 and 941.
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours:
110,700.
OMB Number: 1545–1531.
Type of Review: Extension without
change of a currently approved
collection.
Title: Notice 97–19 and Notice 98–34
Guidance for Expatriates Under Sections
877, 2501, 2107, and 6039F.
Abstract: Notice 97–19 and Notice
98–34 provide guidance for individuals
affected by amendments to Code
sections 877, 2107, and 2501, as
amended by the Health Insurance
Portability and Accountability Act.
These notices also provide guidance on
Code section 6039F.
Affected Public: Individuals or
Households.
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Estimated Total Burden Hours: 6,525.
OMB Number: 1545–1533.
Type of Review: Extension without
change of a currently approved
collection.
Title: Revenue Procedure 97–22–26
CFR 601.105 Examination of returns and
claims for refund, credits, or abatement,
determination of correct tax liability.
Abstract: The information requested
in Revenue Procedure 97–22 under
sections 4 and 5 is required to ensure
that records maintained in an electronic
storage system will constitute records
within the meaning of section 6001.
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours:
1,000,400.
OMB Number: 1545–1540.
Type of Review: Extension without
change of currently approved collection.
Title: REG–125071–06 (TD 9308)—
Reporting Requirements for Widely
Held Fixed Investment Trusts (TD
9308), previously (TD 9279)
Abstract: The regulations clarify the
reporting requirements of trustees and
middlemen involved with widely held
fixed investment trusts.
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours: 2,400.
OMB Number: 1545–1617.
Type of Review: Extension without
change of currently approved collection.
Title: REG–124069–02 (Final) Section
6038—Returns Required with Respect to
Controlled Foreign Partnerships; REG–
118966–97 (Final) Information
Reporting with Respect to Certain
Foreign Partnership.
Abstract: REG–124069–02 Treasury
Regulation Sec. 1.6038–3 requires
certain United States persons who own
interests in controlled foreign
partnership to annually report
information to the IRS on Form 8865.
This regulation amends the reporting
rules under Treasury Regulation section
1.6038–e to provide that a U.S. person
must follow the filing requirements that
are specified in the instructions for
Form 8865 when the U.S. person must
file Form 8865 and the foreign
partnership completes and files Form
1065 or Form 1065–B. REG–118966–97
Section 6038 requires certain U.S.
persons who own interest in controlled
foreign partnerships.
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours: 500.
OMB Number: 1545–1667.
Type of Review: Extension without
change of currently approved collection.
Title: Revenue Procedure 99–50
Combined Information Reporting.
Abstract: The revenue procedure
permits combined information reporting
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by a successor ‘‘business entity’’ (i.e., a
corporation, partnership, or sole
proprietorship) in certain situations
following a merger or an acquisition.
The successor must file a statement with
the Internal Revenue Service indicating
what forms are being filed on a
combined basis.
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours: 500.
OMB Number: 1545–1676.
Type of Review: Extension without
change of currently approved collection.
Title: REG–113572–99 (TD 8933)
Qualified Transportation Fringe
Benefits.
Abstract: These regulations provide
guidance to employers that provide
qualified transportation fringe benefits
under section 132(f), including guidance
to employers that provide cash
reimbursement for qualified
transportation fringes and employers
that offer qualified transportation
fringes in lieu of compensation.
Employers that provide cash
reimbursement are required to keep
records of documentation received from
employees who receive reimbursement.
Employers that offer qualified
transportation fringes in lieu of
compensation are required to keep
records of employee compensation
reduction elections.
Affected Public: Private Sector:
Business or other for-profits.
Estimated Total Burden Hours:
12,968,728.
OMB Number: 1545–1678.
Type of Review: Extension without
change of currently approved collection.
Title: REG–161424–01 (Final),
Information Reporting for Qualified
Tuition and Related Expenses; Magnetic
Media Filing Requirements for
Information Returns; REC–105316–98
(Final) Information.
Abstract: These regulations relate to
the information reporting requirements
in section 6050S of the Internal Revenue
Code for payments of qualified tuition
and related expenses and interest on
qualified education loans. These
regulations provide guidance to eligible
education institutions, insurers, and
payees required to file information
returns and to furnish information
statements under section 6050S.
Affected Public: Private Sector: Notfor-profit institutions.
Estimated Total Burden Hours: 1.
OMB Number: 1545–1684.
Type of Review: Extension without
change of currently approved collection.
Title: Revenue Procedure 2009–14,
Prefiling Agreements Program
(Superseded 2007–17).
Abstract: Revenue Procedure 2009–14
permits a taxpayer under the
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jurisdiction of the Large and Mid-Size
Business Division to request that the
Service examines specific issues relating
to tax returns before those returns are
filed. This revenue procedure provides
the framework within which a taxpayer
and the Service may work together in a
cooperative environment to resolve,
after examination, issues accepted into
the program.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
13,134.
OMB Number: 1545–1810.
Type of Review: Extension without
change of currently approved collection.
Title: Credit for Small Employer
Pension Plan Startup Costs.
Form: 8881.
Abstract: Qualified small employers
use Form 8881 to request a credit for
start-up costs related to eligible
retirement plans. Form 8881
implements section 45E, which
provides a credit based on costs
incurred by an employer in establishing
or administering an eligible employer
plan or for the retirement related
education of employees with respect to
the plan. The credit is 50% of the
qualified costs for the tax year, up to a
maximum credit of $500 for the first tax
year and each of the two subsequent tax
years.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
235,335.
OMB Number: 1545–1815.
Type of Review: Extension without
change of currently approved collection.
Title: Coverdell ESA Contribution
Information.
Form: 5498–ESA.
Abstract: Form 5498–ESA is used by
trustees and issuers of Coverdell
Education Savings accounts to report
contributions made to these accounts to
beneficiaries.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
18,000.
OMB Number: 1545–1824.
Type of Review: Extension without
change of currently approved collection.
Title: REG–139768–02 (Final) Excise
Tax Relating to Structured Settlement
Factoring Transactions.
Abstract: The regulations provide
rules relating to the manner and method
of reporting and paying the 40 percent
excise tax imposed by section 5891 of
the Internal Revenue Code with respect
to acquiring of structured payment
rights in a structured settlement
factoring transaction.
Affected Public: Private Sector:
Businesses or other for-profits.
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Estimated Total Burden Hours: 2.
OMB Number: 1545–1843.
Type of Review: Extension without
change of currently approved collection.
Title: TD 9207 (final)—Assumptions
of Partner Liabilities; REG–106736–00
(NPRM).
Abstract: In order to be entitled to a
deduction with respect to the economic
performance of a contingent liability
that was contributed by a partner and
assumed by a partnership, the partner,
or former partner of the partnership,
must receive notification of economic
performance of the contingent liability
from the partnership or other partner
assuming the liability.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 125.
OMB Number: 1545–1968.
Type of Review: Extension without
change of currently approved collection.
Title: Alternative Tax on Qualifying
Shipping Activities.
Form: 8902.
Abstract: Form 8902 is used to elect
the alternative tax on notional income
from qualifying shipping activities and
to figure the alternative tax.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 3,056.
OMB Number: 1545–1980.
Type of Review: Extension without
change of currently approved collection.
Title: Notice 2007–70—Charitable
Contributions of Certain Motor Vehicles,
Boats, and Airplanes (Reporting
requirements under Sec. 170(f)(12)(D)).
Abstract: Charitable organizations are
required to send an acknowledgement of
car donations to the donor and to the
Service. The purpose of is to prevent
donors from taking inappropriate
deductions.
Affected Public: Private Sector: Notfor-profit institutions.
Estimated Total Burden Hours:
21,930.
OMB Number: 1545–1982.
Type of Review: Extension without
change of currently approved collection.
Title: Distilled Spirits Credit.
Form: 8906.
Abstract: Form 8906, Distilled Spirits
Credit, was developed to carry out the
provisions of IRC section 5011(a). This
section allows eligible wholesalers and
persons subject to IRC section 5055 an
income tax credit for the average cost of
carrying excise tax on bottled distilled
spirits. The form provides a means for
the eligible taxpayer to compute the
amount of credit.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 558.
OMB Number: 1545–1994.
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Type of Review: Extension without
change of currently approved collection.
Title: Notice 2008–36: Amplification
of Notice 2006–28 Energy Efficient
Homes Credit; Manufactured Homes.
Abstract: This notice supersedes
Notice 2006–28 by substantially
republishing the guidance contained in
that publication. This notice clarifies
the meaning of the terms equivalent
rating network and eligible contractor,
and permits calculation procedures
other than those identified in Notice
2006–28 to be used to calculate energy
consumption. Finally, this notice
clarifies the process for removing
software from the list of approved
software and reflects the extension of
the tax credit through December 31,
2008. Notice 2006–28, as updated,
provided guidance regarding the
calculation of heating and cooling
energy consumption for purposes of
determining the eligibility of a
manufactured home for the New Energy
Efficient Home Credit under Internal
Revenue Code § 45L. Notice 2006–28
also provided guidance relating to the
public list of software programs that
may be used to calculate energy
consumption. Guidance relating to
dwelling units other than manufactured
homes is provided in Notice 2008–35.
Affected Public: Individuals and
Households.
Estimated Total Burden Hours: 60.
OMB Number: 1545–2071.
Type of Review: Extension without
change of currently approved collection.
Title: TE/GE Compliance Check
Questionnaires.
Abstract: Compliance questionnaires
are an invaluable tool for obtaining
supplemental information to determine
the compliance of specific entities
without the burden for the taxpayer or
the cost to the IRS of a traditional, fullscale audit. The information collected
will be used to improve the quality of
data available for monitoring
compliance, to correct identified
instances of non-compliance and to
determine where additional guidance,
education or enforcement resources are
most needed to prevent future noncompliance.
Affected Public: Private Sector: Notfor-profit institutions.
Estimated Total Burden Hours:
37,500.
OMB Number: 1545–2109.
Type of Review: Extension without
change of currently approved collection.
Title: Notice of Election of an
Agreement to Special Lien Under
Internal Revenue Code Section 6324A
and Regulations.
Form: 13925.
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Abstract: TD 7941: Internal Revenue
Code section 6324A permits the
executor of a decedent’s estate to elect
a lien on section 6166 property in favor
of the United States in lieu of a bond or
personal liability if an election under
section 6166 was made and the executor
files an agreement under section
6324A(c). This regulation clarifies the
procedures for complying with the
statutory requirements. Form 13925:
Under IRC section 6166, an estate may
elect to pay the estate tax in
installments over 14 years if certain
conditions are met. If the IRS
determines that the government’s
interest in collecting estate tax is
sufficiently at risk, it may require the
estate provide a bond. Alternatively, the
executor may elect to provide a lien in
lieu of bond. Under section 6324A(c)
and the regulations there under (OMB
1545–0757), to make this election the
executor must submit a lien agreement
to the IRS. Form 13925 is a form lien
agreement that executors may use for
this purpose.
Affected Public: Individuals or
Households.
Estimated Total Burden Hours: 510.
OMB Number: 1545–2119.
Type of Review: Extension without
change of currently approved collection.
Title: Notice 2008–79, Tax-exempt
Housing Bonds and 2008 Housing
Legislation.
Abstract: This notice provides
guidance regarding certain provisions
affecting tax-exempt bonds and related
matters under the Housing Assistance
Tax Act of 2008, Division C of Public
Law 110–289, enacted on July 30, 2008
(‘‘2008 Housing Act’’). Section 3021 of
the 2008 Housing Act amends §§ 143
and 146 of the Internal Revenue Code
(‘‘Code’’) to provide a temporary $11
billion increase in the annual private
activity bond volume cap under § 146
for qualified housing issues and to allow
the use of qualified mortgage bonds to
refinance certain subprime mortgage
loans. (Except as otherwise provided,
section references in this notice are to
the Code.) This notice provides
guidance on allocations, carryforwards,
information reporting, and uses of this
additional bond volume cap, and
guidance on the use of qualified
mortgage revenue bonds to refinance
certain subprime mortgage loans. In
addition, § 3005 of the 2008 Housing
Act amends § 142(d)(2)of the Code to
disregard basic housing allowance
payments to military members at certain
military bases for purposes of applicable
low-income set-aside income limitations
under § 42 and § 142. This notice lists
certain affected military bases. Section
3023 of the 2008 Housing Act provides
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Federal Register / Vol. 77, No. 169 / Thursday, August 30, 2012 / Notices
temporary authority to Federal Home
Loan Banks to guarantee certain taxexempt bonds. This notice provides
guidance on tax-exempt bonds eligible
for such guarantees.
Affected Public: State, Local, and
Tribal Governments.
Estimated Total Burden Hours: 300.
OMB Number: 1545–2131.
Type of Review: Extension without
change of currently approved collection.
Title: Application for Extension of
Time for Payment of Tax.
Form: 1127, 1127–A.
Abstract: Under IRC 6161, individual
taxpayers and business taxpayers are
allowed to request an extension of time
for payment of tax shown or required to
be shown on a return or for a tax due
on a notice of deficiency. In order to be
granted this extension, they must file
Form 1127, providing evidence of
undue hardship, inability to borrow,
and collateral to ensure payment of the
tax. Under IRC 6161 and the Service’s
Fresh Start initiative, individual
taxpayers are allowed to request an
extension of time for payment of tax
shown or required to be shown on a
return for 2011. In order to be granted
this extension, they must file Form
1127–A, self-certifying hardship due to
the current economic downturn.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 8,680.
OMB Number: 1545–2132.
Type of Review: Extension without
change of currently approved collection.
Title: Carbon Dioxide Sequestration
Credit.
Form: 8933.
Abstract: Form 8933 will provide a
standardized format to claim this credit
to an eligible person that captures, after
October 3, 2008, qualified carbon
dioxide at a qualified facility and
physically or contractually ensures the
disposal of or the use as a tertiary
injectant of the qualified carbon
dioxide.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 215.
Robert Dahl,
Treasury PRA Clearance Officer.
mstockstill on DSK4VPTVN1PROD with NOTICES
[FR Doc. 2012–21402 Filed 8–29–12; 8:45 am]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
August 27, 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 October 1, 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.
Office of Foreign Assets Control (OFAC)
OMB Number: 1505–0170.
Type of Review: Revision of a
currently approved collection.
Title: OFAC Application for the
Release of Blocked Funds.
Form: TD–F–90–22.54.
Abstract: Transactions prohibited
pursuant to the Trading With the Enemy
Act, 50 U.S.C. App. 1–44, the
International Emergency Economic
Powers Act, 50 U.S.C. 1701 et seq., and
other authorities may be authorized by
means of specific licenses issued by the
Office of Foreign Assets Control
(‘‘OFAC’’). Such licenses are issued in
response to applications submitted by
persons whose property and interests in
property have been blocked or who
wish to engage in transactions that
would otherwise be prohibited. The
OFAC Application for the Release of
PO 00000
Frm 00114
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Sfmt 9990
52789
Blocked Funds, which provides a
standardized method of application for
all applicants seeking the unblocking of
funds, is available in electronic format
on OFAC’s Web site. Use of the form
greatly facilitates and speeds applicants’
submissions and OFAC’s processing of
such applications. By obviating the need
for applicants to write lengthy letters to
OFAC, this form reduces the overall
burden of the application process. Since
February 2000, use of the OFAC
Application for the Release of Blocked
Funds to apply for the unblocking of
funds has been mandatory pursuant to
a revision in OFAC’s regulations at 31
CFR 501.801.
Affected Public: Private Sector:
businesses or other for-profits.
Estimated Total Annual Burden
Hours: 1,500.
OMB Number: 1505–0243.
Type of Review: Extension without
change of a currently approved
collection.
Title: Iranian Financial Sanctions
Regulations Report on Closure by U.S.
Financial Institutions of Correspondent
Accounts and Payable-Through
Accounts.
Abstract: Section 561.504(b) of the
Iranian Financial Sanctions Regulations,
31 CFR part 561 (the ‘‘IFSR’’), specifies
that a U.S. financial institution that
maintained a correspondent account or
payable-through account for a foreign
financial institution whose name is
added to the Part 561 List on OFAC’s
Web site (www.treasury.gov/ofac) as
subject to a prohibition on the
maintaining of such accounts must file
a report with OFAC that provides full
details on the closing of each such
account within 30 days of the closure of
the account. This collection of
information assists in verifying that U.S.
financial institutions are complying
with prohibitions on maintaining
correspondent accounts or payable
through accounts for foreign financial
institutions listed on the Part 561 List.
Affected Public: Private Sector:
businesses or other for-profits.
Estimated Total Annual Burden
Hours: 2.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2012–21406 Filed 8–29–12; 8:45 am]
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[Federal Register Volume 77, Number 169 (Thursday, August 30, 2012)]
[Notices]
[Pages 52785-52789]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-21402]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
August 27, 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 October 1, 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 email
at PRA@treasury.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
[[Page 52786]]
information collection request maybe found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545-0169.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 4461, Application for Approval of Master or Prototype
Defined Contribution Plan; Form 4461-A, Application for Approval of
Master or Prototype Defined Benefit Plan; Form 4461-B, Application for
Approval of Master or Prototype or Volume Submitter Plans.
Form: Forms 4461, 4461-A, 4461-B.
Abstract: The IRS uses these forms to determine from the
information submitted whether the applicant plan qualifies under
section 401(a) of the Internal Revenue Code for plan approval. The
application is also used to determine if the related trust qualifies
for tax exempt status under Code section 501(a).
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 65,765.
OMB Number: 1545-0202.
Type of Review: Revision of a currently approved collection.
Title: Form 5310, Application for Determination for Terminating
Plan; Form 6088, Distributable Benefits from Employee Pension Benefit
Plans.
Form: 5310, 6088.
Abstract: Employers who have qualified deferred compensation plans
can take an income tax deduction for contributions to their plans. IRS
uses the data on Forms 5310 and 6088 to determine whether a plan still
qualifies and whether there is any discrimination in benefits.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 1,718,300.
OMB Number: 1545-0770.
Type of Review: Extension without change of a currently approved
collection.
Title: FI-182-78 (NPRM)--Transfers of Securities Under Certain
Agreements.
Abstract: Section 1058 of the Internal Revenue Code provides tax-
free treatment for transfers of securities pursuant to a securities
lending agreement. The agreement must be in writing and is used by the
taxpayer, in a tax audit situation, to justify no recognition treatment
of gain or loss on the exchange of the securities.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 9,781.
OMB Number: 1545-0919.
Type of Review: Extension without change of a currently approved
collection.
Title: Limitations on Percentage Depletion in the Case of Oil and
Gas Wells (PS-105-75) Final.
Abstract: The regulations require each partner to separately keep
records of his share of the adjusted basis of partnership oil and gas
property and require each partnership, trusts, estate, and operator to
provide information necessary to certain persons to compute depletion
with respect to oil and gas.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 1.
OMB Number: 1545-1049.
Type of Review: Extension without change of a currently approved
collection.
Title: IA-7-88, (T.D. 8379) Excise Tax Relating to Gain or Other
Income Realized by Any Person on Receipt of Greenmail.
Abstract: The final regulations provide rules relating to the
manner and method of reporting and paying the nondeductible 50 percent
tax imposed by section 5881 of the Internal Revenue Code with respect
to the receipt of greenmail.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 2.
OMB Number: 1545-1233.
Type of Review: Extension without change of a currently approved
collection.
Title: Adjusted Current Earnings (IA-14-91)(Final).
Abstract: This regulation affects business and other for profit
institutions. This information is required by the IRS to ensure the
proper application of section 1.56(g)-1 of the regulation. It will be
used to verify that taxpayers have properly elected the benefits of
section 1.56(g)-1(r) of the regulation.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 1,000.
OMB Number: 1545-1347.
Type of Review: Extension without change of a currently approved
collection.
Title: FI-7-94 and FI-36-92 (Final) Arbitrage Restrictions on Tax-
Exempt Bonds.
Abstract: The Code limits the ability of state and local government
issuers of tax-exempt bonds to earn and/or keep arbitrage profits
earned with bond proceeds. This regulation requires recordkeeping of
certain interest rate hedges so that the hedges are taken into account
in determining those profits.
Affected Public: State, Local and Tribal Governments.
Estimated Total Burden Hours: 42,050.
OMB Number: 1545-1480.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-107047-00 (TD 8985--Final), Hedging Transactions.
Abstract: The information is required by the IRS to aid it in
administering the law and to prevent manipulation. The information will
be used to verify that a taxpayer is properly reporting its business
hedging transactions.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 171,050.
OMB Number: 1545-1504.
Type of Review: Extension without change of a currently approved
collection.
Title: Application for Taxpayer Assistance Order (ATAO).
Abstract: This form is used by taxpayers to apply for relief from a
significant hardship which may have already occurred or is about to
occur if the IRS takes or fails to take certain actions. This form is
submitted to the IRS Taxpayer Advocate Office in the state or city
where the taxpayer lives.
Affected Public: Individuals or Households.
Estimated Total Burden Hours: 46,500.
OMB Number: 1545-1510.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2004-53; Procedure for filing Forms W-2 is
certain Acquisitions (Rev Proc. 96-60).
Abstract: Information is required by the Internal Revenue Service
to assist predecessor and successor employers in complying with the
reporting requirements under Code sections 6051 and 6011 for Forms W-2
and 941.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 110,700.
OMB Number: 1545-1531.
Type of Review: Extension without change of a currently approved
collection.
Title: Notice 97-19 and Notice 98-34 Guidance for Expatriates Under
Sections 877, 2501, 2107, and 6039F.
Abstract: Notice 97-19 and Notice 98-34 provide guidance for
individuals affected by amendments to Code sections 877, 2107, and
2501, as amended by the Health Insurance Portability and Accountability
Act. These notices also provide guidance on Code section 6039F.
Affected Public: Individuals or Households.
[[Page 52787]]
Estimated Total Burden Hours: 6,525.
OMB Number: 1545-1533.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 97-22-26 CFR 601.105 Examination of
returns and claims for refund, credits, or abatement, determination of
correct tax liability.
Abstract: The information requested in Revenue Procedure 97-22
under sections 4 and 5 is required to ensure that records maintained in
an electronic storage system will constitute records within the meaning
of section 6001.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 1,000,400.
OMB Number: 1545-1540.
Type of Review: Extension without change of currently approved
collection.
Title: REG-125071-06 (TD 9308)--Reporting Requirements for Widely
Held Fixed Investment Trusts (TD 9308), previously (TD 9279)
Abstract: The regulations clarify the reporting requirements of
trustees and middlemen involved with widely held fixed investment
trusts.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 2,400.
OMB Number: 1545-1617.
Type of Review: Extension without change of currently approved
collection.
Title: REG-124069-02 (Final) Section 6038--Returns Required with
Respect to Controlled Foreign Partnerships; REG-118966-97 (Final)
Information Reporting with Respect to Certain Foreign Partnership.
Abstract: REG-124069-02 Treasury Regulation Sec. 1.6038-3 requires
certain United States persons who own interests in controlled foreign
partnership to annually report information to the IRS on Form 8865.
This regulation amends the reporting rules under Treasury Regulation
section 1.6038-e to provide that a U.S. person must follow the filing
requirements that are specified in the instructions for Form 8865 when
the U.S. person must file Form 8865 and the foreign partnership
completes and files Form 1065 or Form 1065-B. REG-118966-97 Section
6038 requires certain U.S. persons who own interest in controlled
foreign partnerships.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 500.
OMB Number: 1545-1667.
Type of Review: Extension without change of currently approved
collection.
Title: Revenue Procedure 99-50 Combined Information Reporting.
Abstract: The revenue procedure permits combined information
reporting by a successor ``business entity'' (i.e., a corporation,
partnership, or sole proprietorship) in certain situations following a
merger or an acquisition. The successor must file a statement with the
Internal Revenue Service indicating what forms are being filed on a
combined basis.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 500.
OMB Number: 1545-1676.
Type of Review: Extension without change of currently approved
collection.
Title: REG-113572-99 (TD 8933) Qualified Transportation Fringe
Benefits.
Abstract: These regulations provide guidance to employers that
provide qualified transportation fringe benefits under section 132(f),
including guidance to employers that provide cash reimbursement for
qualified transportation fringes and employers that offer qualified
transportation fringes in lieu of compensation. Employers that provide
cash reimbursement are required to keep records of documentation
received from employees who receive reimbursement. Employers that offer
qualified transportation fringes in lieu of compensation are required
to keep records of employee compensation reduction elections.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 12,968,728.
OMB Number: 1545-1678.
Type of Review: Extension without change of currently approved
collection.
Title: REG-161424-01 (Final), Information Reporting for Qualified
Tuition and Related Expenses; Magnetic Media Filing Requirements for
Information Returns; REC-105316-98 (Final) Information.
Abstract: These regulations relate to the information reporting
requirements in section 6050S of the Internal Revenue Code for payments
of qualified tuition and related expenses and interest on qualified
education loans. These regulations provide guidance to eligible
education institutions, insurers, and payees required to file
information returns and to furnish information statements under section
6050S.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Burden Hours: 1.
OMB Number: 1545-1684.
Type of Review: Extension without change of currently approved
collection.
Title: Revenue Procedure 2009-14, Prefiling Agreements Program
(Superseded 2007-17).
Abstract: Revenue Procedure 2009-14 permits a taxpayer under the
jurisdiction of the Large and Mid-Size Business Division to request
that the Service examines specific issues relating to tax returns
before those returns are filed. This revenue procedure provides the
framework within which a taxpayer and the Service may work together in
a cooperative environment to resolve, after examination, issues
accepted into the program.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 13,134.
OMB Number: 1545-1810.
Type of Review: Extension without change of currently approved
collection.
Title: Credit for Small Employer Pension Plan Startup Costs.
Form: 8881.
Abstract: Qualified small employers use Form 8881 to request a
credit for start-up costs related to eligible retirement plans. Form
8881 implements section 45E, which provides a credit based on costs
incurred by an employer in establishing or administering an eligible
employer plan or for the retirement related education of employees with
respect to the plan. The credit is 50% of the qualified costs for the
tax year, up to a maximum credit of $500 for the first tax year and
each of the two subsequent tax years.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 235,335.
OMB Number: 1545-1815.
Type of Review: Extension without change of currently approved
collection.
Title: Coverdell ESA Contribution Information.
Form: 5498-ESA.
Abstract: Form 5498-ESA is used by trustees and issuers of
Coverdell Education Savings accounts to report contributions made to
these accounts to beneficiaries.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 18,000.
OMB Number: 1545-1824.
Type of Review: Extension without change of currently approved
collection.
Title: REG-139768-02 (Final) Excise Tax Relating to Structured
Settlement Factoring Transactions.
Abstract: The regulations provide rules relating to the manner and
method of reporting and paying the 40 percent excise tax imposed by
section 5891 of the Internal Revenue Code with respect to acquiring of
structured payment rights in a structured settlement factoring
transaction.
Affected Public: Private Sector: Businesses or other for-profits.
[[Page 52788]]
Estimated Total Burden Hours: 2.
OMB Number: 1545-1843.
Type of Review: Extension without change of currently approved
collection.
Title: TD 9207 (final)--Assumptions of Partner Liabilities; REG-
106736-00 (NPRM).
Abstract: In order to be entitled to a deduction with respect to
the economic performance of a contingent liability that was contributed
by a partner and assumed by a partnership, the partner, or former
partner of the partnership, must receive notification of economic
performance of the contingent liability from the partnership or other
partner assuming the liability.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 125.
OMB Number: 1545-1968.
Type of Review: Extension without change of currently approved
collection.
Title: Alternative Tax on Qualifying Shipping Activities.
Form: 8902.
Abstract: Form 8902 is used to elect the alternative tax on
notional income from qualifying shipping activities and to figure the
alternative tax.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 3,056.
OMB Number: 1545-1980.
Type of Review: Extension without change of currently approved
collection.
Title: Notice 2007-70--Charitable Contributions of Certain Motor
Vehicles, Boats, and Airplanes (Reporting requirements under Sec.
170(f)(12)(D)).
Abstract: Charitable organizations are required to send an
acknowledgement of car donations to the donor and to the Service. The
purpose of is to prevent donors from taking inappropriate deductions.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Burden Hours: 21,930.
OMB Number: 1545-1982.
Type of Review: Extension without change of currently approved
collection.
Title: Distilled Spirits Credit.
Form: 8906.
Abstract: Form 8906, Distilled Spirits Credit, was developed to
carry out the provisions of IRC section 5011(a). This section allows
eligible wholesalers and persons subject to IRC section 5055 an income
tax credit for the average cost of carrying excise tax on bottled
distilled spirits. The form provides a means for the eligible taxpayer
to compute the amount of credit.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 558.
OMB Number: 1545-1994.
Type of Review: Extension without change of currently approved
collection.
Title: Notice 2008-36: Amplification of Notice 2006-28 Energy
Efficient Homes Credit; Manufactured Homes.
Abstract: This notice supersedes Notice 2006-28 by substantially
republishing the guidance contained in that publication. This notice
clarifies the meaning of the terms equivalent rating network and
eligible contractor, and permits calculation procedures other than
those identified in Notice 2006-28 to be used to calculate energy
consumption. Finally, this notice clarifies the process for removing
software from the list of approved software and reflects the extension
of the tax credit through December 31, 2008. Notice 2006-28, as
updated, provided guidance regarding the calculation of heating and
cooling energy consumption for purposes of determining the eligibility
of a manufactured home for the New Energy Efficient Home Credit under
Internal Revenue Code Sec. 45L. Notice 2006-28 also provided guidance
relating to the public list of software programs that may be used to
calculate energy consumption. Guidance relating to dwelling units other
than manufactured homes is provided in Notice 2008-35.
Affected Public: Individuals and Households.
Estimated Total Burden Hours: 60.
OMB Number: 1545-2071.
Type of Review: Extension without change of currently approved
collection.
Title: TE/GE Compliance Check Questionnaires.
Abstract: Compliance questionnaires are an invaluable tool for
obtaining supplemental information to determine the compliance of
specific entities without the burden for the taxpayer or the cost to
the IRS of a traditional, full-scale audit. The information collected
will be used to improve the quality of data available for monitoring
compliance, to correct identified instances of non-compliance and to
determine where additional guidance, education or enforcement resources
are most needed to prevent future non-compliance.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Burden Hours: 37,500.
OMB Number: 1545-2109.
Type of Review: Extension without change of currently approved
collection.
Title: Notice of Election of an Agreement to Special Lien Under
Internal Revenue Code Section 6324A and Regulations.
Form: 13925.
Abstract: TD 7941: Internal Revenue Code section 6324A permits the
executor of a decedent's estate to elect a lien on section 6166
property in favor of the United States in lieu of a bond or personal
liability if an election under section 6166 was made and the executor
files an agreement under section 6324A(c). This regulation clarifies
the procedures for complying with the statutory requirements. Form
13925: Under IRC section 6166, an estate may elect to pay the estate
tax in installments over 14 years if certain conditions are met. If the
IRS determines that the government's interest in collecting estate tax
is sufficiently at risk, it may require the estate provide a bond.
Alternatively, the executor may elect to provide a lien in lieu of
bond. Under section 6324A(c) and the regulations there under (OMB 1545-
0757), to make this election the executor must submit a lien agreement
to the IRS. Form 13925 is a form lien agreement that executors may use
for this purpose.
Affected Public: Individuals or Households.
Estimated Total Burden Hours: 510.
OMB Number: 1545-2119.
Type of Review: Extension without change of currently approved
collection.
Title: Notice 2008-79, Tax-exempt Housing Bonds and 2008 Housing
Legislation.
Abstract: This notice provides guidance regarding certain
provisions affecting tax-exempt bonds and related matters under the
Housing Assistance Tax Act of 2008, Division C of Public Law 110-289,
enacted on July 30, 2008 (``2008 Housing Act''). Section 3021 of the
2008 Housing Act amends Sec. Sec. 143 and 146 of the Internal Revenue
Code (``Code'') to provide a temporary $11 billion increase in the
annual private activity bond volume cap under Sec. 146 for qualified
housing issues and to allow the use of qualified mortgage bonds to
refinance certain subprime mortgage loans. (Except as otherwise
provided, section references in this notice are to the Code.) This
notice provides guidance on allocations, carryforwards, information
reporting, and uses of this additional bond volume cap, and guidance on
the use of qualified mortgage revenue bonds to refinance certain
subprime mortgage loans. In addition, Sec. 3005 of the 2008 Housing
Act amends Sec. 142(d)(2)of the Code to disregard basic housing
allowance payments to military members at certain military bases for
purposes of applicable low-income set-aside income limitations under
Sec. 42 and Sec. 142. This notice lists certain affected military
bases. Section 3023 of the 2008 Housing Act provides
[[Page 52789]]
temporary authority to Federal Home Loan Banks to guarantee certain
tax-exempt bonds. This notice provides guidance on tax-exempt bonds
eligible for such guarantees.
Affected Public: State, Local, and Tribal Governments.
Estimated Total Burden Hours: 300.
OMB Number: 1545-2131.
Type of Review: Extension without change of currently approved
collection.
Title: Application for Extension of Time for Payment of Tax.
Form: 1127, 1127-A.
Abstract: Under IRC 6161, individual taxpayers and business
taxpayers are allowed to request an extension of time for payment of
tax shown or required to be shown on a return or for a tax due on a
notice of deficiency. In order to be granted this extension, they must
file Form 1127, providing evidence of undue hardship, inability to
borrow, and collateral to ensure payment of the tax. Under IRC 6161 and
the Service's Fresh Start initiative, individual taxpayers are allowed
to request an extension of time for payment of tax shown or required to
be shown on a return for 2011. In order to be granted this extension,
they must file Form 1127-A, self-certifying hardship due to the current
economic downturn.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 8,680.
OMB Number: 1545-2132.
Type of Review: Extension without change of currently approved
collection.
Title: Carbon Dioxide Sequestration Credit.
Form: 8933.
Abstract: Form 8933 will provide a standardized format to claim
this credit to an eligible person that captures, after October 3, 2008,
qualified carbon dioxide at a qualified facility and physically or
contractually ensures the disposal of or the use as a tertiary
injectant of the qualified carbon dioxide.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 215.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2012-21402 Filed 8-29-12; 8:45 am]
BILLING CODE 4830-01-P
