Proposed Information Collection; Comment Request, 61659-61661 [2012-24744]

Download as PDF rmajette on DSK2TPTVN1PROD with NOTICES Federal Register / Vol. 77, No. 196 / Wednesday, October 10, 2012 / Notices Stability of Burma’’ (‘‘E.O. 13619’’), 77 Fed. Reg. 41243 (July 13, 2012), pursuant to, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), which modifies the scope of the national emergency declared in Executive Order 13047 of May 20, 1997, as modified in scope in Executive Order 13448 of October 18, 2007, and relied upon for additional steps taken in Executive Order 13310 of July 28, 2003, Executive Order 13448 of October 18, 2007, and Executive Order 13464 of April 30, 2008. Section 1(a) of E.O. 13619 blocks, with certain exceptions, all property and interests in property that are in, that hereafter come within, the United States, or that are or hereafter come within the possession or control of any United States person, including any foreign branch, of persons determined by the Secretary of the Treasury, in consultation with or at the recommendation of the Secretary of State, to satisfy any of the criteria set forth in subparagraphs (a)(i)–(a)(vi) of Section 1. On July 11, 2012, the Director of OFAC, in consultation with or at the recommendation of the Department of State designated, pursuant to one or more of the criteria set forth in Section 1, subparagraphs (a)(i)–(a)(vi) of E.O. 13619, the following entity, whose name has been added to the list of Specially Designated Nationals and Blocked Persons and whose property and interests in property are blocked pursuant to E.O. 13619: 1. DIRECTORATE OF DEFENCE INDUSTRIES (a.k.a. KA PA SA; a.k.a. ‘‘DDI’’), Burma; Ministry of Defense, Shwedagon Pagoda Road, Yangon, Burma [BURMA] On April 30, 2008, President George W. Bush signed Executive Order 13464 ‘‘Blocking Property and Prohibiting Certain Transactions Related to Burma’’ (‘‘E.O. 13464’’), pursuant to, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701 et. seq.). In E.O. 13464, President George W. Bush took additional steps with respect to the national emergency declared in Executive Order 13047 of May 20, 1997, and expanded in Executive Order 13448 of October 18, 2007. Section 1 of E.O. 13464 blocks, with certain exceptions, all property and interests in property that are in, that hereafter come within, the United States, or that are or hereafter come within the possession or control of any United States person, including their overseas branches, of the persons listed in the annex to E.O. 13464, as well as those persons determined by the Secretary of the Treasury, after VerDate Mar<15>2010 15:15 Oct 09, 2012 Jkt 229001 consultation with the Secretary of State, to satisfy any of the criteria set forth in subparagraphs (b)(i)–(b)(iii) of Section 1. On July 11, 2012, the Director of OFAC, after consultation with the Department of State, designated, pursuant to one or more of the criteria set forth in Section 1, subparagraphs (b)(i)–(b)(iii) of E.O. 13464, the following entity, whose name has been added to the list of Specially Designated Nationals and Blocked Persons and whose property and interests in property are blocked pursuant to E.O. 13464: 1. INNWA BANK LTD (a.k.a. INNWA BANK), 554–556 Corner of Merchant Street and 35th Street, Kyauktada Township, Yangon, Burma; SWIFT/BIC AVAB MM M1 [BURMA]. Dated: September 24, 2012. Adam J. Szubin, Director, Office of Foreign Assets Control. [FR Doc. 2012–24181 Filed 10–9–12; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Information Collection; Comment Request Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Department of the Treasury, 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). DATES: Written comments should be received on or before December 10, 2012 to be assured of consideration. ADDRESSES: Direct all written comments to Yvette B. Lawrence, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. Please send separate comments for each specific information collection listed below. You must reference the information collection’s title, form number, reporting or record-keeping requirement number, and OMB number (if any) in your comment. FOR FURTHER INFORMATION CONTACT: To obtain additional information, or copies of the information collection and instructions, or copies of any comments SUMMARY: PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 61659 received, contact Elaine Christophe, at (202) 622–3179, or at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet, at Elaine.H.Christophe@irs.gov. SUPPLEMENTARY INFORMATION: Request for Comments The Department of the Treasury and the Internal Revenue Service, as part of their continuing effort to reduce paperwork and respondent burden, invite the general public and other Federal agencies to take this opportunity to comment on the proposed or continuing information collections listed below in this notice, as required by the Paperwork Reduction Act of 1995, (44 U.S.C. 3501 et seq.). Request for Comments: Comments submitted in response to this notice will be summarized and/or included in our request for Office of Management and Budget (OMB) approval of the relevant information collection. All comments will become a matter of public record. Please do not include any confidential or inappropriate material in your comments. We invite comments on: (a) Whether the collection of information is necessary for the proper performance of the agency’s functions, including whether the information has practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide the requested information. Information Collections Open for Comment Currently, the IRS is seeking comments concerning the following forms, and reporting and record-keeping requirements: Title: Low-Income Housing Credit. OMB Number: 1545–0984. Form Number: 8586. Abstract: Internal Revenue Code section 42 permits owners of residential rental projects providing low-income housing to claim a tax credit for part of the cost of constructing or rehabilitating such low-income housing. Form 8586 is used by taxpayers to compute the credit and by the IRS to verify that the correct credit has been claimed. Current Actions: There is no change being made to the form at this time. E:\FR\FM\10OCN1.SGM 10OCN1 rmajette on DSK2TPTVN1PROD with NOTICES 61660 Federal Register / Vol. 77, No. 196 / Wednesday, October 10, 2012 / Notices Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households, and businesses, or other for-profit organizations. Estimated Number of Respondents: 7,786. Estimated Time per Respondent: 11 hours, 34 minutes. Estimated Total Annual Burden Hours: 68,517. Title: Stock Transfer Rules: Carryover of Earnings and Taxes. OMB Number: 1545–1711. Regulation Project Number: REG– 116050–99. Abstract: The final regulations relate to the carryover of certain tax attributes, such as earnings and profits and foreign income tax accounts, when two corporations combine in a section 367(b) transaction. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 600. Estimated Time per Respondent: 8 hours. Estimated Total Annual Burden Hours: 1,800. Title: Health Coverage Tax Credit (HCTC) Reimbursement Request Form. OMB Number: 1545–2152. Abstract: This form will be used by HCTC participants to request reimbursement for health plan premiums paid prior to the commencement of advance payments. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households. Estimated Number of Respondents: 3,058. Estimated Time per Respondent: 40 minutes. Estimated Total Annual Burden Hours: 2,039. Title: Work Opportunity Credit. OMB Number: 1545–0219. Form Number: 5884. Abstract: Internal Revenue Code section 38(b)(2) allows a credit against income tax to employers hiring individuals from certain targeted groups such as welfare recipients, etc. The employer uses Form 5884 to compute this credit. The IRS uses the information on the form to verify that the correct amount of credit was claimed. Current Actions: There are no changes to this at this time. VerDate Mar<15>2010 15:15 Oct 09, 2012 Jkt 229001 Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households, business or other for-profit organizations and farms. Estimated Number of Responses: 59,819. Estimated Total Annual Burden Hours: 415,144. Title: Application for Renewal of Enrollment To Practice Before the Internal Revenue Service. OMB Number: 1545–0946. Form Number: 8554. Abstract: The information obtained from Form 8554 relates to the approval of continuing professional education programs and the renewal of the enrollment status for those individuals admitted (enrolled) to practice before the Internal Revenue Service. The information will be used by the Director of Practice to determine the qualifications of individuals who apply for renewal of enrollment. Title: Application for Renewal of Enrollment to Practice Before the Internal Revenue Service as an Enrolled Retirement Plan Agent (ERPA). OMB Number: 1545–0946. Form Number: 8554–EP. Abstract: This form is used to renew your Enrolled Retirement Plan Agent (ERPA) status. You must renew your enrollment status every 3 years. For additional information on renewals, see Circular 230 or visit the Office of Professional Responsibility Web site at www.irs.gov. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households. Estimated Number of Respondents: 96,000. Estimated Total Annual Burden Hours: 48,000. Title: Notification of Distribution From a Generation-Skipping Trust. OMB Number: 1545–1143. Form Number: 706–GS(D–1). Abstract: Form 706–GS(D–1) is used by trustees to provide information to the IRS and to distributees regarding generation-skipping distributions from trusts. The information is needed by distributees to compute the generationskipping tax imposed by Internal Revenue Code section 2601. The IRS uses the information to verify that the tax has been properly computed. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households. PO 00000 Frm 00092 Fmt 4703 Sfmt 4703 Estimated Number of Respondents: 80,000. Estimated Time per Respondent: 4 hours, 22 minutes. Estimated Total Annual Burden Hours: 348,800. Title: Revenue Procedure 97–43, Procedures for Electing Out of Exemptions Under Section 1.475(c)–1, and Revenue Ruling 97–39, Mark-toMarket Accounting Method for Dealers in Securities. OMB Number: 1545–1558. Revenue Procedure Number: Revenue Procedure 97–43. Revenue Ruling Number: Revenue Ruling 97–39. Abstract: Revenue Procedure 97–43 provides taxpayers automatic consent to change to mark-to-market accounting for securities after the taxpayer elects under regulation section 1.475(c)–1, subject to certain terms and conditions. Revenue Ruling 97–39 provides taxpayers additional mark-to-market guidance under section 475 of the Internal Revenue Code. Current Actions: There are no changes being made to the revenue procedure or revenue ruling at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 200. Estimated Time per Respondent: 5 hours. Estimated Total Annual Burden Hours: 1,000. Title: Section 1445 Withholding Certificates. OMB Number: 1545–1697. Revenue Procedure Number: Revenue Procedure 2003–35. Abstract: Revenue Procedure 2003–35 provides guidance concerning applications for withholding certificates under Code section 1445. Current Actions: There are no changes being made to the revenue procedure at this time. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households, and business or other forprofit organizations. Estimated Number of Respondents: 6,000. Estimated Average Time per Respondent: 10 hours. Estimated Total Annual Burden Hours: 60,000. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to E:\FR\FM\10OCN1.SGM 10OCN1 61661 Federal Register / Vol. 77, No. 196 / Wednesday, October 10, 2012 / Notices respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Approved: September 25, 2012. Yvette B. Lawrence, IRS Reports Clearance Officer. DEPARTMENT OF THE TREASURY United States Mint Price for the American Eagle Silver Proof and Uncirculated Coins and the America the Beautiful Five Ounce Silver Uncirculated CoinsTM American Eagle Silver Proof and Uncirculated Coins and the America the Beautiful Five Ounce Silver Uncirculated CoinsTM as follows: United States Mint, Department of the Treasury. ACTION: Notice. AGENCY: Because of the recent increase in the market price of silver, the United States Mint is raising the price of its SUMMARY: [FR Doc. 2012–24744 Filed 10–9–12; 8:45 am] BILLING CODE 4830–01–P Coin 2012 2012 2011 2011 2011 2011 2011 2011 2012 2012 2012 2012 New price American Eagle Silver Proof ...................................................................................................................................................... American Eagle Silver Uncirculated ........................................................................................................................................... American Eagle Silver Uncirculated ........................................................................................................................................... Gettysburg National Military Park ............................................................................................................................................... Glacier National Park ................................................................................................................................................................. Olympic National Park ................................................................................................................................................................ Vicksburg National Military Park ................................................................................................................................................ Chickasaw National Recreation Area ......................................................................................................................................... El Yunque National Forest ......................................................................................................................................................... Chaco Culture National Historical Park ...................................................................................................................................... Acadia National Park .................................................................................................................................................................. Hawai‘i Volcanoes National Park ............................................................................................................................................... B.B. Craig, Associate Director for Sales and FOR FURTHER INFORMATION CONTACT: Marketing; United States Mint; 801 9th $59.95 50.95 50.95 229.95 229.95 229.95 229.95 229.95 229.95 229.95 229.95 229.95 Street NW., Washington, DC 20220; or call 202–354–7500. Authority: 31 U.S.C. 5111, 5112 & 9701. Dated: October 2, 2012. Richard A. Peterson, Acting Director, United States Mint. [FR Doc. 2012–24778 Filed 10–9–12; 8:45 am] rmajette on DSK2TPTVN1PROD with NOTICES BILLING CODE P VerDate Mar<15>2010 15:15 Oct 09, 2012 Jkt 229001 PO 00000 Frm 00093 Fmt 4703 Sfmt 9990 E:\FR\FM\10OCN1.SGM 10OCN1

Agencies

[Federal Register Volume 77, Number 196 (Wednesday, October 10, 2012)]
[Notices]
[Pages 61659-61661]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-24744]


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

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Information Collection; Comment Request

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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

SUMMARY: The Department of the Treasury, 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 proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)).

DATES: Written comments should be received on or before December 10, 
2012 to be assured of consideration.

ADDRESSES: Direct all written comments to Yvette B. Lawrence, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.
    Please send separate comments for each specific information 
collection listed below. You must reference the information 
collection's title, form number, reporting or record-keeping 
requirement number, and OMB number (if any) in your comment.

FOR FURTHER INFORMATION CONTACT: To obtain additional information, or 
copies of the information collection and instructions, or copies of any 
comments received, contact Elaine Christophe, at (202) 622-3179, or at 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the Internet, at 
Elaine.H.Christophe@irs.gov.

SUPPLEMENTARY INFORMATION: 

Request for Comments

    The Department of the Treasury and the Internal Revenue Service, as 
part of their continuing effort to reduce paperwork and respondent 
burden, invite the general public and other Federal agencies to take 
this opportunity to comment on the proposed or continuing information 
collections listed below in this notice, as required by the Paperwork 
Reduction Act of 1995, (44 U.S.C. 3501 et seq.).
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in our request for Office of 
Management and Budget (OMB) approval of the relevant information 
collection. All comments will become a matter of public record. Please 
do not include any confidential or inappropriate material in your 
comments.
    We invite comments on: (a) Whether the collection of information is 
necessary for the proper performance of the agency's functions, 
including whether the information has practical utility; (b) the 
accuracy of the agency's estimate of the burden of the collection of 
information; (c) ways to enhance the quality, utility, and clarity of 
the information to be collected; (d) ways to minimize the burden of the 
collection of information on respondents, including the use of 
automated collection techniques or other forms of information 
technology; and (e) estimates of capital or start-up costs and costs of 
operation, maintenance, and purchase of services to provide the 
requested information.

Information Collections Open for Comment

    Currently, the IRS is seeking comments concerning the following 
forms, and reporting and record-keeping requirements:

    Title: Low-Income Housing Credit.
    OMB Number: 1545-0984.
    Form Number: 8586.
    Abstract: Internal Revenue Code section 42 permits owners of 
residential rental projects providing low-income housing to claim a tax 
credit for part of the cost of constructing or rehabilitating such low-
income housing. Form 8586 is used by taxpayers to compute the credit 
and by the IRS to verify that the correct credit has been claimed.
    Current Actions: There is no change being made to the form at this 
time.

[[Page 61660]]

    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, and businesses, or 
other for-profit organizations.
    Estimated Number of Respondents: 7,786.
    Estimated Time per Respondent: 11 hours, 34 minutes.
    Estimated Total Annual Burden Hours: 68,517.

    Title: Stock Transfer Rules: Carryover of Earnings and Taxes.
    OMB Number: 1545-1711.
    Regulation Project Number: REG-116050-99.
    Abstract: The final regulations relate to the carryover of certain 
tax attributes, such as earnings and profits and foreign income tax 
accounts, when two corporations combine in a section 367(b) 
transaction.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 600.
    Estimated Time per Respondent: 8 hours.
    Estimated Total Annual Burden Hours: 1,800.

    Title: Health Coverage Tax Credit (HCTC) Reimbursement Request 
Form.
    OMB Number: 1545-2152.
    Abstract: This form will be used by HCTC participants to request 
reimbursement for health plan premiums paid prior to the commencement 
of advance payments.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 3,058.
    Estimated Time per Respondent: 40 minutes.
    Estimated Total Annual Burden Hours: 2,039.

    Title: Work Opportunity Credit.
    OMB Number: 1545-0219.
    Form Number: 5884.
    Abstract: Internal Revenue Code section 38(b)(2) allows a credit 
against income tax to employers hiring individuals from certain 
targeted groups such as welfare recipients, etc. The employer uses Form 
5884 to compute this credit. The IRS uses the information on the form 
to verify that the correct amount of credit was claimed.
    Current Actions: There are no changes to this at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations and farms.
    Estimated Number of Responses: 59,819.
    Estimated Total Annual Burden Hours: 415,144.

    Title: Application for Renewal of Enrollment To Practice Before the 
Internal Revenue Service.
    OMB Number: 1545-0946.
    Form Number: 8554.
    Abstract: The information obtained from Form 8554 relates to the 
approval of continuing professional education programs and the renewal 
of the enrollment status for those individuals admitted (enrolled) to 
practice before the Internal Revenue Service. The information will be 
used by the Director of Practice to determine the qualifications of 
individuals who apply for renewal of enrollment.

    Title: Application for Renewal of Enrollment to Practice Before the 
Internal Revenue Service as an Enrolled Retirement Plan Agent (ERPA).
    OMB Number: 1545-0946.
    Form Number: 8554-EP.
    Abstract: This form is used to renew your Enrolled Retirement Plan 
Agent (ERPA) status. You must renew your enrollment status every 3 
years. For additional information on renewals, see Circular 230 or 
visit the Office of Professional Responsibility Web site at 
www.irs.gov.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 96,000.
    Estimated Total Annual Burden Hours: 48,000.

    Title: Notification of Distribution From a Generation-Skipping 
Trust.
    OMB Number: 1545-1143.
    Form Number: 706-GS(D-1).
    Abstract: Form 706-GS(D-1) is used by trustees to provide 
information to the IRS and to distributees regarding generation-
skipping distributions from trusts. The information is needed by 
distributees to compute the generation-skipping tax imposed by Internal 
Revenue Code section 2601. The IRS uses the information to verify that 
the tax has been properly computed.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 80,000.
    Estimated Time per Respondent: 4 hours, 22 minutes.
    Estimated Total Annual Burden Hours: 348,800.

    Title: Revenue Procedure 97-43, Procedures for Electing Out of 
Exemptions Under Section 1.475(c)-1, and Revenue Ruling 97-39, Mark-to-
Market Accounting Method for Dealers in Securities.
    OMB Number: 1545-1558.
    Revenue Procedure Number: Revenue Procedure 97-43.
    Revenue Ruling Number: Revenue Ruling 97-39.
    Abstract: Revenue Procedure 97-43 provides taxpayers automatic 
consent to change to mark-to-market accounting for securities after the 
taxpayer elects under regulation section 1.475(c)-1, subject to certain 
terms and conditions. Revenue Ruling 97-39 provides taxpayers 
additional mark-to-market guidance under section 475 of the Internal 
Revenue Code.
    Current Actions: There are no changes being made to the revenue 
procedure or revenue ruling at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 200.
    Estimated Time per Respondent: 5 hours.
    Estimated Total Annual Burden Hours: 1,000.

    Title: Section 1445 Withholding Certificates.
    OMB Number: 1545-1697.
    Revenue Procedure Number: Revenue Procedure 2003-35.
    Abstract: Revenue Procedure 2003-35 provides guidance concerning 
applications for withholding certificates under Code section 1445.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, and business or other 
for-profit organizations.
    Estimated Number of Respondents: 6,000.
    Estimated Average Time per Respondent: 10 hours.
    Estimated Total Annual Burden Hours: 60,000.

    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to

[[Page 61661]]

respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.

    Approved: September 25, 2012.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012-24744 Filed 10-9-12; 8:45 am]
BILLING CODE 4830-01-P
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