Proposed Collection; Comment Request for Information Collection Tools, 61828-61829 [2012-25037]

Download as PDF 61828 Federal Register / Vol. 77, No. 197 / Thursday, October 11, 2012 / Notices The Department of the Treasury will post all statements on its Web site https://www.treasury.gov/about/ organizational-structure/offices/Pages/ Federal-Insurance.aspx without change, including any business or personal information provided such as names, addresses, email addresses, or telephone numbers. The Department of the Treasury will also make such statements available for public inspection and copying in the Department of the Treasury’s Library, Room 1428, Main Department Building, 1500 Pennsylvania Avenue NW., Washington, DC 20220, on official business days between the hours of 10 a.m. and 5 p.m. Eastern Time. You can make an appointment to inspect statements by telephoning (202) 622–0990. All statements received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. You should submit only information that you wish to make publicly available. Tentative Agenda/Topics for Discussion: During this periodic meeting of the FACI, members will discuss international insurance matters. Among the topics to be discussed are the EU–U.S. Insurance Dialogue and matters pending at the International Association of Insurance Supervisors. Michael T. McRaith, Director, Federal Insurance Office. [FR Doc. 2012–25002 Filed 10–10–12; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Fiscal Service Surety Companies Acceptable on Federal Bonds; Change in Business Address: Hudson Insurance Company Financial Management Service, Fiscal Service, Department of the Treasury. ACTION: Notice. AGENCY: This is Supplement No. 1 to the Treasury Department Circular 570, 2012 Revision, published July 2, 2012, at 77 FR 39322. FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874–6850. SUPPLEMENTARY INFORMATION: Notice is hereby given that Hudson Insurance Company (NAIC# 25054) has changed its business address to: 100 William Street, 5th Floor, New York, New York, 10038. Federal bond-approving officials should annotate their reference copies of the Treasury Department Circular 570 (‘‘Circular’’), 2012 Revision, to reflect this change. pmangrum on DSK3VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 14:03 Oct 10, 2012 Jkt 229001 The Circular may be viewed and downloaded through the Internet at www.fms.treas.gov/c570. Questions concerning this notice may be directed to the U.S. Department of the Treasury, Financial Management Service, Financial Accounting and Services Division, Surety Bond Branch, 3700 East-West Highway, Room 6F01, Hyattsville, MD 20782. Dated: September 27, 2012. Laura Carrico, Director, Financial Accounting and Services Division, Financial Management Service. [FR Doc. 2012–24780 Filed 10–10–12; 8:45 am] BILLING CODE 4810–35–M DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Information Collection Tools 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)). Currently, the IRS is soliciting comments concerning Form 8912, Clean Renewable Energy Bond Credit and Gulf Bond Credit; Form 14157, Tax Return Preparer Complaint; Form 990–T, Exempt Organization Business Income Tax Return; Form 5434, Application for Enrollment, and Form 5434–A, Application for Renewal of Enrollment; and Form 8582–CR, Passive Activity Credit Limitations. DATES: Written comments should be received on or before December 10, 2012 to be assured of consideration. ADDRESSES: Direct all written comments to Yvette 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: Requests for additional information or copies of the collection tools should be SUMMARY: PO 00000 Frm 00093 Fmt 4703 Sfmt 4703 directed to R. Joseph Durbala, Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or at (202) 622–3634, or through the Internet at RJoseph.Durbala@irs.gov. Currently, the IRS is seeking comments concerning the following information collection tools, reporting, and record-keeping requirements: (1) Title: Clean Renewable Energy Bond Credit and Gulf Bond Credit. OMB Number: 1545–2025. Form Number: 8912. Abstract: Form 8912, Clean Renewable Energy Bond Credit and Gulf Bond Credit, was developed to carry out the provisions of new Internal Revenue Code sections 54 and 1400N(l). The new form provides a means for the taxpayer to compute the clean renewable energy bond credit and the Gulf bond credit. Current Actions: There are no changes to the previously approved burden of this existing collection. Type of Review: Extension of a currently approved collection. Affected Public: Businesses and other for-profit organizations, Farms. Estimated Number of Respondents: 500. Estimated Time per Respondent: 11 hrs., 7 min. Estimated Total Annual Burden Hours: 5,555. (2) Title: Tax Return Preparer Complaint. OMB Number: 1545–2168. Form Number: 14157. Abstract: This form was created to comply with TIGTA report 200840015, Complaints Against Return Preparers. This form will be used by taxpayers to report allegations of misconduct by tax return preparers. The form was created specifically for tax return preparer complaints and includes items necessary for the IRS to effectively evaluate the complaint and route to the appropriate function. 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 businesses and other for-profits. Estimated Number of Respondents: 1,500. Estimated Time per Respondent: 1 hr. Estimated Total Annual Reporting Burden hours: 1,500. (3) Title: Exempt Organization Business Income Tax Return. OMB Number: 1545–0687. Form Number: 990–T. SUPPLEMENTARY INFORMATION: E:\FR\FM\11OCN1.SGM 11OCN1 pmangrum on DSK3VPTVN1PROD with NOTICES Federal Register / Vol. 77, No. 197 / Thursday, October 11, 2012 / Notices Abstract: Form 990–T is used to report and compute the unrelated business income tax imposed on exempt organizations by Internal Revenue Code section 511 and the proxy tax imposed by Code section 6033(e). The form provides the IRS with the information necessary to determine that the tax has been properly computed. 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: Not-for-profit institutions. Estimated Number of Respondents: 37,103. Estimated Time per Respondent: 141 hrs., 20 min. Estimated Total Annual Burden Hours: 5,244,139. (4) Title: Form 5434, Application for Enrollment, and Form 5434–A, Application for Renewal of Enrollment. OMB Number: 1545–0951. Form Number: 5434 and 5434–A. Abstract: Form 5434 is used to apply for enrollment to perform actuarial services under the Employee Retirement income Security Act of 1974 (ERISA). Form 5434–A is used to renew enrollment every three years to perform actuarial services under (ERISA). The information is used by the Joint Board for the Enrollment of Actuaries to determine the eligibility of the applicant to perform actuarial services. 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: 6,000. Estimated Time per Respondent: 38 min. Estimated Total Annual Burden Hours: 38,000. (5) Title: Passive Activity Credit Limitations. OMB Number: 1545–1034. Form Number: 8582–CR. Abstract: Under Internal Revenue Code section 469, credits from passive activities, to the extent they do not exceed the tax attributable to net passive income, are not allowed, Form 8582–CR is used to figure the passive activity credit allowed and the amount of credit to be reported on the tax return. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. VerDate Mar<15>2010 14:03 Oct 10, 2012 Jkt 229001 Affected Public: Individuals or households, business or other for-profit organizations, and farms. Estimated Number of Respondents: 300,000. Estimated Time per Respondent: 14 hrs., 53 min. Estimated Total Annual Burden Hours: 2,370,600. 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 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. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have 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 through 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 information. Approved: October 4, 2012. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. 2012–25037 Filed 10–10–12; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Information Collection Tools Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 61829 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)). Currently, the IRS is soliciting comments concerning an existing final regulation, INTL–64–93 (TD 8611): Conduit Arrangements Regulations (§§ 1.881–4 and 1.6038A– 3); Form 8871, Political Organization Notice of Section 527 Status; Form 8453–X, Political Organization Declaration for Electronic Filing of Notice of Section 527 Status; Revenue Ruling 2000–33, Deferred Compensation Plans of State and Local Governments and Tax-Exempt Organizations; Notice 2006–52, Deduction for Energy Efficient Commercial Buildings; and TD 9451, Guidance Necessary to Facilitate Business Election Filing. DATES: Written comments should be received on or before December 10, 2012 to be assured of consideration. ADDRESSES: Direct all written comments to Yvette 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: Requests for additional information or copies of the collection tools should be directed to R. Joseph Durbala, Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or at (202) 622–3634, or through the Internet at RJoseph.Durbala@irs.gov. SUPPLEMENTARY INFORMATION: Currently, the IRS is seeking comments concerning the following information collection tools, reporting, and record-keeping requirements: (1) Title: Conduit Arrangements Regulations. OMB Number: 1545–1440. Form Number: INTL–64–93. Abstract: This regulation provides rules that permit the district director to recharacterize a financing arrangement as a conduit arrangement. The recharacterization will affect the amount of U.S. withholding tax due on financing transactions that are part of the financing arrangement. This regulation affects withholding agents SUMMARY: E:\FR\FM\11OCN1.SGM 11OCN1

Agencies

[Federal Register Volume 77, Number 197 (Thursday, October 11, 2012)]
[Notices]
[Pages 61828-61829]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-25037]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Information Collection 
Tools

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)). Currently, the IRS is soliciting comments concerning 
Form 8912, Clean Renewable Energy Bond Credit and Gulf Bond Credit; 
Form 14157, Tax Return Preparer Complaint; Form 990-T, Exempt 
Organization Business Income Tax Return; Form 5434, Application for 
Enrollment, and Form 5434-A, Application for Renewal of Enrollment; and 
Form 8582-CR, Passive Activity Credit Limitations.

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

ADDRESSES: Direct all written comments to Yvette 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: Requests for additional information or 
copies of the collection tools should be directed to R. Joseph Durbala, 
Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202) 622-3634, or through the Internet at 
RJoseph.Durbala@irs.gov.

SUPPLEMENTARY INFORMATION: Currently, the IRS is seeking comments 
concerning the following information collection tools, reporting, and 
record-keeping requirements:
    (1) Title: Clean Renewable Energy Bond Credit and Gulf Bond Credit.
    OMB Number: 1545-2025. Form Number: 8912.
    Abstract: Form 8912, Clean Renewable Energy Bond Credit and Gulf 
Bond Credit, was developed to carry out the provisions of new Internal 
Revenue Code sections 54 and 1400N(l). The new form provides a means 
for the taxpayer to compute the clean renewable energy bond credit and 
the Gulf bond credit.
    Current Actions: There are no changes to the previously approved 
burden of this existing collection.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations, 
Farms.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent: 11 hrs., 7 min.
    Estimated Total Annual Burden Hours: 5,555.
    (2) Title: Tax Return Preparer Complaint.
    OMB Number: 1545-2168.
    Form Number: 14157.
    Abstract: This form was created to comply with TIGTA report 
200840015, Complaints Against Return Preparers. This form will be used 
by taxpayers to report allegations of misconduct by tax return 
preparers. The form was created specifically for tax return preparer 
complaints and includes items necessary for the IRS to effectively 
evaluate the complaint and route to the appropriate function.
    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 businesses and other 
for-profits.
    Estimated Number of Respondents: 1,500.
    Estimated Time per Respondent: 1 hr.
    Estimated Total Annual Reporting Burden hours: 1,500.
    (3) Title: Exempt Organization Business Income Tax Return.
    OMB Number: 1545-0687.
    Form Number: 990-T.

[[Page 61829]]

    Abstract: Form 990-T is used to report and compute the unrelated 
business income tax imposed on exempt organizations by Internal Revenue 
Code section 511 and the proxy tax imposed by Code section 6033(e). The 
form provides the IRS with the information necessary to determine that 
the tax has been properly computed.
    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: Not-for-profit institutions.
    Estimated Number of Respondents: 37,103.
    Estimated Time per Respondent: 141 hrs., 20 min.
    Estimated Total Annual Burden Hours: 5,244,139.
    (4) Title: Form 5434, Application for Enrollment, and Form 5434-A, 
Application for Renewal of Enrollment.
    OMB Number: 1545-0951.
    Form Number: 5434 and 5434-A.
    Abstract: Form 5434 is used to apply for enrollment to perform 
actuarial services under the Employee Retirement income
    Security Act of 1974 (ERISA). Form 5434-A is used to renew 
enrollment every three years to perform actuarial services under 
(ERISA). The information is used by the Joint Board for the Enrollment 
of Actuaries to determine the eligibility of the applicant to perform 
actuarial services.
    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: 6,000.
    Estimated Time per Respondent: 38 min.
    Estimated Total Annual Burden Hours: 38,000.
    (5) Title: Passive Activity Credit Limitations.
    OMB Number: 1545-1034.
    Form Number: 8582-CR.
    Abstract: Under Internal Revenue Code section 469, credits from 
passive activities, to the extent they do not exceed the tax 
attributable to net passive income, are not allowed, Form 8582-CR is 
used to figure the passive activity credit allowed and the amount of 
credit to be reported on the tax return.
    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, business or other for-
profit organizations, and farms.
    Estimated Number of Respondents: 300,000.
    Estimated Time per Respondent: 14 hrs., 53 min.
    Estimated Total Annual Burden Hours: 2,370,600.

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 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.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have 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 through 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 information.

    Approved: October 4, 2012.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2012-25037 Filed 10-10-12; 8:45 am]
BILLING CODE 4830-01-P
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