Proposed Collection; Comment Request for Form 6478, 64849 [2012-25998]
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Federal Register / Vol. 77, No. 205 / Tuesday, October 23, 2012 / Notices
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SUPPLEMENTARY INFORMATION:
Title: Form 1120S, U.S. Income Tax
Return for an S Corporation, Schedule D
(Form 1120S), Capital Gains and Losses
and Built-in Gains, Schedule K–1 (Form
1120S), Shareholder’s Share of Income,
Credits, Deductions, etc., Schedule M–
3 (Form 1120S), Net Income (Loss)
Reconciliation for S Corporations With
Total Assets of $10 Million or More.
OMB Number: 1545–0130.
Form Number: Form 1120S, Schedule
D, Schedule K–1, and Schedule M–3.
Abstract: Form 1120S, Schedule D
(Form 1120S), Schedule K–1 (Form
1120S), and Schedule M–3 (Form
1120S) are used by an S corporation to
figure its tax liability, and income and
other tax-related information to pass
through to its shareholders. Schedule D
is used to report gain or loss from sales
or exchanges of capital assets and the
computation of tax on certain capital
gains imposed by Internal Revenue
Code section 1374. Schedule K–1 is
used to report to shareholders their
share of the corporation’s income,
deductions, credits, etc. Schedule M–3
is used for S corporations with assets of
$10 million or more, to reconcile
financial accounting net income and
taxable income in a standardized and
detailed format.
Current Actions: There are no changes
being made to these forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and farms.
Estimated Number of Respondents:
15,077,000.
Estimated Time per Respondent: 27
hours, 55 minutes.
Estimated Total Annual Burden
Hours: 420,945,980.
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
VerDate Mar<15>2010
17:22 Oct 22, 2012
Jkt 229001
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 16, 2012.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2012–26000 Filed 10–22–12; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 6478
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
6478, Alcohol and Cellulosic Biofuel
Fuels Credit.
DATES: Written comments should be
received on or before December 24, 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.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Allan Hopkins at
Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622–
6665, or through the Internet at
Allan.M.Hopkins@irs.gov.
SUMMARY:
64849
Form Number: Form 6478.
Abstract: Use Form 6478 to figure
your alcohol and cellulosic biofuel fuels
credit. You claim the credit for the tax
year in which the sale or use occurs.
The credit is determined under IRC
section 40 and consists of the alcohol
mixture credit, alcohol credit, small
ethanol producer credit and cellulosic
biofuel producer credit.
Current Actions: There are no changes
being made to this form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
3,300.
Estimated Time per Respondent: 7
hours, 13 minutes.
Estimated Total Annual Burden
Hours: 23,793.
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.
SUPPLEMENTARY INFORMATION:
Title: Alcohol and Cellulosic Biofuel
Fuels Credit.
OMB Number: 1545–0231.
Approved: October 17, 2012.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2012–25998 Filed 10–22–12; 8:45 am]
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BILLING CODE 4830–01–P
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[Federal Register Volume 77, Number 205 (Tuesday, October 23, 2012)]
[Notices]
[Page 64849]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-25998]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 6478
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 6478, Alcohol and Cellulosic Biofuel Fuels Credit.
DATES: Written comments should be received on or before December 24,
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.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Allan Hopkins
at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622-6665, or through the Internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Alcohol and Cellulosic Biofuel Fuels Credit.
OMB Number: 1545-0231.
Form Number: Form 6478.
Abstract: Use Form 6478 to figure your alcohol and cellulosic
biofuel fuels credit. You claim the credit for the tax year in which
the sale or use occurs. The credit is determined under IRC section 40
and consists of the alcohol mixture credit, alcohol credit, small
ethanol producer credit and cellulosic biofuel producer credit.
Current Actions: There are no changes being made to this form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 3,300.
Estimated Time per Respondent: 7 hours, 13 minutes.
Estimated Total Annual Burden Hours: 23,793.
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 17, 2012.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2012-25998 Filed 10-22-12; 8:45 am]
BILLING CODE 4830-01-P
