Proposed Collection; Comment Request for Information Collection Tools, 62620-62621 [2012-25183]
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62620
Federal Register / Vol. 77, No. 199 / Monday, October 15, 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.
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: September 27, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012–25178 Filed 10–12–12; 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:
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
706–GS(T), Generation-Skipping
Transfer Tax Return For Terminations;
REG–130477–00; REG–130481–00 (TD
erowe on DSK2VPTVN1PROD with
SUMMARY:
VerDate Mar<15>2010
15:21 Oct 12, 2012
Jkt 229001
8987) Required Distributions From
Retirement Plans (§§ 1.401(a)(9)–1 and
1.401(a)(9)–4); Revenue Procedure
2000–37; Reverse Like-Kind Exchanges
(modified by Revenue Procedure 2004–
51); Form 13460, Employer/Payer
Information; and Notice 2003–67,
Notice on Information Reporting for
Payments in Lieu of Dividends.
DATES: Written comments should be
received on or before December 14, 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.
Currently,
the IRS is seeking comments concerning
the following information collection
tools, reporting, and record-keeping
requirements:
(1) Title: Generation-Skipping
Transfer Tax Return For Terminations.
OMB Number: 1545–1145.
Form Number: 706–GS(T).
Abstract: Form 706–GS(T) is used by
trustees to compute and report the tax
due on generation-skipping transfers
that result from the termination of
interests in a trust. The IRS uses the
information to verify that the tax has
been properly computed.
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: Individuals or
households.
Estimated Number of Respondents:
500.
Estimated Time per Respondent: 1 hr.,
22 min.
Estimated Total Annual Burden
Hours: 684.
(2) Title: Required Distributions From
Retirement Plans.
OMB Number: 1545–1573.
Form Number: REG–130477–00 and
REG–130481–00 (TD 8987-final).
Abstract: This regulation permits a
taxpayer to name a trust as the
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00131
Fmt 4703
Sfmt 4703
beneficiary of the employee’s benefit
under a retirement plan and use the life
expectancies of the beneficiaries of the
trust to determine the required
minimum distribution, if certain
conditions are satisfied.
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.
Estimated Number of Respondents:
1,000.
Estimated Time per Respondent: 20
min.
Estimated Total Annual Reporting
Burden hours: 333.
(3) Title: Reverse Like-Kind
Exchanges.
OMB Number: 1545–1701.
Form Number: Revenue Procedure
2000–37 (modified by RP 2004–51).
Abstract: Revenue Procedure 2000–37
provides a safe harbor for reverse likekind exchanges in which a transaction
using a ‘‘qualified exchange
accommodation arrangement’’ will
qualify for non-recognition treatment
under section 1031 of the Internal
Revenue Code. Revenue Procedure
2004–51 modifies sections 1 and 4 of
Rev. Proc. 2000–37, 2000–2 C.B. 308, to
provide that Rev. Proc. 2000–37 does
not apply if the taxpayer owns the
property intended to qualify as
replacement property before initiating a
qualified exchange accommodation
arrangement (QEAA).
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:
1,600.
Estimated Time per Respondent: 2
hrs.
Estimated Total Annual Burden
Hours: 3,200.
(4) Title: Employer/Payer Information.
OMB Number: 1545–1849.
Form Number: 13460.
Abstract: Form 13460 is used to assist
filers who have underreporter or
correction issues. Also this form
expedites research of the filer’s
problems.
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: Businesses and other
for-profit organizations, farms, not-for-
E:\FR\FM\15OCN1.SGM
15OCN1
62621
Federal Register / Vol. 77, No. 199 / Monday, October 15, 2012 / Notices
profit institutions, Federal government,
and state, local, or Tribal government.
Estimated Number of Respondents:
200.
Estimated Time per Respondent: 15
min.
Estimated Total Annual Burden
Hours: 50.
(5) Title: Notice on Information
Reporting for Payments in Lieu of
Dividends.
OMB Number: 1545–1858.
Form Number: Notice 2003–67.
Abstract: Notice 2003–67 provides
guidance to brokers and individuals
regarding provisions in the Jobs and
Growth Tax Relief Reconciliation Act of
2003. The notice provides rules for
brokers to use in determining loanable
shares and rules for allocating
transferred shares for purposes of
determining payments in lieu of
dividend reportable to individuals.
These rules require brokers to comply
with certain recordkeeping
requirements to use the favorable rules
for determining loanable shares and for
allocating transferred shares that may
give rise to payments in lieu of
dividends.
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: Business or other-forprofit organizations.
Estimated Number of Respondents:
600.
Estimated Time per Respondent: 100
hrs.
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
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 5, 2012.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2012–25183 Filed 10–12–12; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
Advisory Committee Charter Renewals
AGENCY:
Department of Veterans Affairs.
Notice of Advisory Committee
Charter Renewals.
ACTION:
In accordance with the
provisions of the Federal Advisory
Committee Act (FACA), 5 U.S.C. App. 2,
and after consultation with the General
Services Administration, the Secretary
of Veterans Affairs has determined that
the following Federal advisory
committees are vital to the mission of
the Department of Veterans Affairs (VA)
and renewing their charters would be in
the public interest. Consequently, the
charters for the following Federal
advisory committees are renewed for a
two-year period, beginning on the dates
listed below:
SUMMARY:
Committee name
Committee description
Charter renewed
on
Genomic Medicine Program Advisory
Committee.
Veterans’ Rural Health Advisory Committee.
Clinical Science Research and Development Service Cooperative Studies Scientific Evaluation Committee.
Provides advice on the scientific and ethical issues related to the establishment,
development, and operation of a genomic medicine program within VA.
Provides advice on health care issues affecting enrolled veterans residing in rural
areas.
Provides advice on VA cooperative studies, multi-site clinical research activities,
and policies related to conducting and managing these efforts while ensuring
that new and ongoing projects maintain high quality, are based upon scientific
merit, and are efficiently and economically conducted.
Provides advice on the fair and equitable selection of the most meritorious research projects for support by VA research funds and ensuring the high quality
and mission relevance of VA’s legislatively mandated research and development program. Also advises on the adequacy of protection of human and animal subjects.
Provides advice on the scientific quality, budget, safety, and mission relevance of
investigator-initiated research proposals submitted for VA merit review consideration. The proposals may address research questions within the general
areas of biomedical and behavioral research or clinical science research.
Provides advice on the rehabilitation needs of disabled veterans and the administration of VA’s rehabilitation programs.
March 13, 2012.
Health Services Research and Development Service Scientific Merit Review
Board.
erowe on DSK2VPTVN1PROD with
Joint Biomedical Laboratory Research
and Development and Clinical Science
Research and Development Services
Scientific Merit Review Board.
Rehabilitation Research and Development Service Scientific Merit Review
Board.
The Secretary has also renewed the
charters for the following statutorily
authorized Federal advisory committees
VerDate Mar<15>2010
15:21 Oct 12, 2012
Jkt 229001
for a two-year period, beginning on the
dates listed below:
PO 00000
Frm 00132
Fmt 4703
Sfmt 4703
E:\FR\FM\15OCN1.SGM
15OCN1
June 21, 2012.
July 12, 2012.
July 12, 2012.
July 12, 2012.
July 12, 2012.
]]>Agencies
[Federal Register Volume 77, Number 199 (Monday, October 15, 2012)]
[Notices]
[Pages 62620-62621]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-25183]
-----------------------------------------------------------------------
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 706-GS(T), Generation-Skipping Transfer Tax Return For
Terminations; REG-130477-00; REG-130481-00 (TD 8987) Required
Distributions From Retirement Plans (Sec. Sec. 1.401(a)(9)-1 and
1.401(a)(9)-4); Revenue Procedure 2000-37; Reverse Like-Kind Exchanges
(modified by Revenue Procedure 2004-51); Form 13460, Employer/Payer
Information; and Notice 2003-67, Notice on Information Reporting for
Payments in Lieu of Dividends.
DATES: Written comments should be received on or before December 14,
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: Generation-Skipping Transfer Tax Return For
Terminations.
OMB Number: 1545-1145.
Form Number: 706-GS(T).
Abstract: Form 706-GS(T) is used by trustees to compute and report
the tax due on generation-skipping transfers that result from the
termination of interests in a trust. The IRS uses the information to
verify that the tax has been properly computed.
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: Individuals or households.
Estimated Number of Respondents: 500.
Estimated Time per Respondent: 1 hr., 22 min.
Estimated Total Annual Burden Hours: 684.
(2) Title: Required Distributions From Retirement Plans.
OMB Number: 1545-1573.
Form Number: REG-130477-00 and REG-130481-00 (TD 8987-final).
Abstract: This regulation permits a taxpayer to name a trust as the
beneficiary of the employee's benefit under a retirement plan and use
the life expectancies of the beneficiaries of the trust to determine
the required minimum distribution, if certain conditions are satisfied.
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.
Estimated Number of Respondents: 1,000.
Estimated Time per Respondent: 20 min.
Estimated Total Annual Reporting Burden hours: 333.
(3) Title: Reverse Like-Kind Exchanges.
OMB Number: 1545-1701.
Form Number: Revenue Procedure 2000-37 (modified by RP 2004-51).
Abstract: Revenue Procedure 2000-37 provides a safe harbor for
reverse like-kind exchanges in which a transaction using a ``qualified
exchange accommodation arrangement'' will qualify for non-recognition
treatment under section 1031 of the Internal Revenue Code. Revenue
Procedure 2004-51 modifies sections 1 and 4 of Rev. Proc. 2000-37,
2000-2 C.B. 308, to provide that Rev. Proc. 2000-37 does not apply if
the taxpayer owns the property intended to qualify as replacement
property before initiating a qualified exchange accommodation
arrangement (QEAA).
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: 1,600.
Estimated Time per Respondent: 2 hrs.
Estimated Total Annual Burden Hours: 3,200.
(4) Title: Employer/Payer Information.
OMB Number: 1545-1849.
Form Number: 13460.
Abstract: Form 13460 is used to assist filers who have
underreporter or correction issues. Also this form expedites research
of the filer's problems.
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: Businesses and other for-profit organizations,
farms, not-for-
[[Page 62621]]
profit institutions, Federal government, and state, local, or Tribal
government.
Estimated Number of Respondents: 200.
Estimated Time per Respondent: 15 min.
Estimated Total Annual Burden Hours: 50.
(5) Title: Notice on Information Reporting for Payments in Lieu of
Dividends.
OMB Number: 1545-1858.
Form Number: Notice 2003-67.
Abstract: Notice 2003-67 provides guidance to brokers and
individuals regarding provisions in the Jobs and Growth Tax Relief
Reconciliation Act of 2003. The notice provides rules for brokers to
use in determining loanable shares and rules for allocating transferred
shares for purposes of determining payments in lieu of dividend
reportable to individuals. These rules require brokers to comply with
certain recordkeeping requirements to use the favorable rules for
determining loanable shares and for allocating transferred shares that
may give rise to payments in lieu of dividends.
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: Business or other-for-profit organizations.
Estimated Number of Respondents: 600.
Estimated Time per Respondent: 100 hrs.
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 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 5, 2012.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2012-25183 Filed 10-12-12; 8:45 am]
BILLING CODE 4830-01-P
