Submission for OMB Review; Comment Request, 69545-69546 [2012-28021]
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Federal Register / Vol. 77, No. 223 / Monday, November 19, 2012 / Notices
under § 1400U–2 of the Code. This
Notice provides guidance on the initial
refundable credit payment procedures,
required elections, and information
reporting. This Notice solicits public
comments on the refundable credit
payment procedures for these bonds.
This Notice is intended to facilitate
prompt implementation of the Build
America Bond program and to enable
state and local governments to begin
issuing these bonds for authorized
purposes to promote economic recovery
and job creation.
Affected Public: State, local, or tribal
governments.
Estimated Total Burden Hours:
15,000.
OMB Number: 1545–2231.
Type of Review: Extension without
change.
Title: Form 13768—Electronic Tax
Administration Advisory Committee
Membership Application.
Abstract: The Internal Revenue
Service Restructuring and Reform Act of
1998 (RRA 98) authorized the creation
of the Electronic Tax Administration
Advisory Committee (ETAAC). ETAAC
has a primary duty of providing input
to the Internal Revenue Service (IRS) on
its strategic plan for electronic tax
administration. Accordingly, ETAAC’s
responsibilities involve researching,
analyzing and making recommendations
on a wide range of electronic tax
administration issues.
Affected Public: Private sector:
Business or other for-profits.
Estimated Total Burden Hours: 500.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2012–28098 Filed 11–16–12; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
pmangrum on DSK3VPTVN1PROD with NOTICES
November 14, 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 December 19, 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
VerDate Mar<15>2010
14:04 Nov 16, 2012
Jkt 229001
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
information collection request maybe
found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545–0046.
Type of Review: Extension without
change.
Title: Form 982—Reduction of Tax
Attributes Due to Discharge of
Indebtedness (and Section 1082 Basis
Adjustment).
Form: 982.
Abstract: Internal Revenue Code
section 108 allows taxpayers to exclude
from gross income amounts attributable
to discharge of indebtedness in title 11
cases, insolvency, or qualified farm
indebtedness. Code section 1081(b)
allows corporations to exclude from
gross income amounts attributable to
certain transfers of property. The data is
used to verify adjustments to basis of
property and reduction of tax attributes.
Affected Public: Private sector:
Businesses or other for-profit
institutions.
Estimated Total Burden Hours: 7,491.
OMB Number: 1545–0144.
Type of Review: Extension without
change of a currently approved
collection.
Title: Undistributed Capital Gains Tax
Return.
Form: 2438.
Abstract: Form 2438 is used by
regulated investment companies to
figure capital gains tax on undistributed
capital gains designated under IRC
section 852(b)3(D). IRS uses this
information to determine the correct tax.
Affected Public: Private sector:
Business or other for-profits.
Estimated Total Burden Hours: 976.
OMB Number: 1545–0195.
Type of Review: Extension without
change of a currently approved
collection.
Title: Election to Postpone
Determination as to whether the
Presumption Applies that an activity is
engaged in for profit.
Form: 5213.
Abstract: This form is used by
individuals, partnerships, estates, trusts,
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Sfmt 4703
69545
and S corporations to make an election
to postpone an IRS determination as to
whether an activity is engaged in for
profit for 5 years (7 years for breeding,
training, showing, or racing horses). The
data is used to verify eligibility to make
the election.
Affected Public: Businesses or other
for-profit institutions.
Estimated Total Burden Hours: 2,762.
OMB Number: 1545–0260.
Type of Review: Extension without
change of a currently approved
collection.
Title: Form 706–CE—Certificate of
Payment of Foreign Death Tax.
Form: 706–CE.
Abstract: Form 706–CE is used by the
executors of estates to certify that
foreign death taxes have been paid so
that the estate may claim the foreign
death tax credit allowed by IRS section
2014. The information is used by IRS to
verify that the proper tax credit has been
claimed.
Affected Public: Individuals or
households.
Estimated Total Burden Hours: 3,870.
OMB Number: 1545–1035.
Type of Review: Extension without
change of a currently approved
collection.
Title: Recapture of Low-Income
Housing Credit.
Form: 8611.
Abstract: IRC section 42 permits
owners of residential rental projects
providing low-income housing to claim
a credit against their income tax. If the
property is disposed of or it falls to meet
certain requirements over a 15-year
compliance period and a bond is not
posted, the owner must recapture on
Form 8611 part of the credit(s) taken in
prior years.
Affected Public: Private sector:
Business or other for-profits.
Estimated Total Burden Hours: 7,842.
OMB Number: 1545–1522.
Type of Review: Extension without
change.
Title: Revenue Procedure 2010—
1(Letter rulings, information letters, and
determination letters)—26 CFR 601–
.201.
Abstract: This revenue procedure
explains how the Service provides
advice to taxpayers on issues under the
jurisdiction of the Associate Chief
Counsel (Corporate), the Associate Chief
Counsel (Financial Institutions and
Products), the Associate Chief Counsel
(Income Tax and Accounting), the
Associate Chief Counsel (International),
the Associate Chief Counsel
(Passthroughs and Special Industries),
the Associate Chief Counsel (Procedure
and Administration), and the Division
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pmangrum on DSK3VPTVN1PROD with NOTICES
69546
Federal Register / Vol. 77, No. 223 / Monday, November 19, 2012 / Notices
Counsel/Associate Chief Counsel (Tax
Exempt and Government Entities). It
explains the forms of advice and the
manner in which advice is requested by
taxpayers and provided by the Service.
Affected Public: Private sector:
Business or other for-profits.
Estimated Total Burden Hours:
305,540.
OMB Number: 1545–1539.
Type of Review: Extension without
change.
Title: REG–208172–91 (TD 8787—
final) Basis Reduction Due to Discharge
of Indebtedness.
Abstract: The IRS will use the
information provided by taxpayers
owning interests in partnerships and
owning section 1221(i) real property to
verify compliance with sections
1017(b)(3)(C), 1017(b)(3)(E),
1017(b)(3)(F), and 1017(b)(4)(X).
Affected Public: Individuals or
households.
Estimated Total Burden Hours:
10,000.
OMB Number: 1545–1673.
Type of Review: Revision of a
currently approved collection.
Title: Rev Proc 2008–50—Employee
Plans Compliance Resolution System
(RP 2006–27); Form 8950—App For
Voluntary Correction Program; Form
8951—Compliance Fee for Emp Plans
Voluntary Correction Program.
Abstract: The information requested
in Revenue Procedure 2008–50 is
required to enable the Internal Revenue
Service to make determinations on the
issuance of various types of closing
agreements and compliance statements.
The issuance of the agreements and
statements allow individual plans to
maintain their tax-qualified status. As a
result, the favorable tax treatment of the
benefits of the eligible employees is
retained.
Affected Public: Private sector:
Business or other for-profits.
Estimated Total Burden Hours:
99,170.
OMB Number: 1545–1683.
Type of Review: Extension without
change.
Title: Notice Concerning Fiduciary
Relationship-Illinois Type Land Trust.
Abstract: The data collected on the
forms provides trustees of Illinois Land
Trusts a convenient method of reporting
information related to creating,
changing, and closing such trusts.
Affected Public: Private sector:
Business or other for-profits.
Estimated Total Burden Hours:
22,000.
OMB Number: 1545–1832.
Type of Review: Extension without
change.
VerDate Mar<15>2010
14:04 Nov 16, 2012
Jkt 229001
Title: Systemic Advocacy Issue
Submission Form.
Form: 14411.
Abstract: Form 14411 is to be used by
individuals, businesses, practitioners
and other public groups to identify
systemic problems that taxpayers are
encountering with IRS. This form will
be submitted electronically via the
IRS.gov Web site. Mailed or faxed forms
will be accepted and are necessary.
Affected Public: Private sector:
Business or other for-profits.
Estimated Total Burden Hours: 336.
OMB Number: 1545–1971.
Type of Review: Revision of a
currently approved collection.
Title: Household Employment Taxes.
Form: 1040 H.
Abstract: Schedule H (Form 1040) is
used by individuals to report their
employment taxes. The data is used to
verify that the items reported on the
form is correct and also for general
statistical use.
Affected Public: Private sector:
Business or other for-profits.
Estimated Total Burden Hours:
655,209.
OMB Number: 1545–1973.
Type of Review: Extension without
change.
Title: Net Profit from Business.
Abstract: Schedule C–EZ (Form 1040)
is used by individuals to report their
employment taxes. The data is used to
verify that the items reported on the
form is correct and also for general
statistical use.
Affected Public: Private sector:
Business or other for-profits.
Estimated Total Burden Hours:
1,027,515.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2012–28021 Filed 11–16–12; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities; Information Collection
Renewal; Comment Request
Office of the Comptroller of
the Currency (OCC), Treasury.
ACTION: Joint notice and request for
comment.
AGENCIES:
In accordance with the
requirements of the Paperwork
Reduction Act of 1995 (44 U.S.C.
chapter 35), the OCC may not conduct
or sponsor, and a respondent is not
SUMMARY:
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Frm 00113
Fmt 4703
Sfmt 4703
required to respond to, an information
collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number. The OCC is
extending, without revision, the ‘‘RiskBased Capital Standards: Advanced
Capital Adequacy Framework’’
information collection, pending OMB
review and action on proposed changes
to the collection arising from proposed
rules published in the Federal Register
on August 30, 2012, entitled
‘‘Regulatory Capital Rules: Regulatory
Capital, Implementation of Basel III,
Minimum Regulatory Capital Ratios,
Capital Adequacy, Transition
Provisions, and Prompt Corrective
Action;’’ ‘‘Regulatory Capital Rules:
Standardized Approach for RiskWeighted Assets; Market Discipline and
Disclosure Requirements;’’ and
‘‘Regulatory Capital Rules: Advanced
Approaches Risk-Based Capital Rule;
Market Risk Capital Rule.’’
DATES: Comments must be submitted on
or before January 18, 2013.
ADDRESSES: Communications Division,
Office of the Comptroller of the
Currency, Public Information Room,
Mail Stop 2–3, Attention: 1557–0234,
250 E Street SW., Washington, DC
20219. In addition, comments may be
sent by fax to (202) 874–5274, or by
electronic mail to
regs.comments@occ.treas.gov. You may
personally inspect and photocopy
comments at the OCC, 250 E Street SW.,
Washington, DC. For security reasons,
the OCC requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 874–4700.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and submit to security
screening in order to inspect and
photocopy comments.
FOR FURTHER INFORMATION CONTACT:
Johnny Vilela, or Mary Gottlieb, OCC
Clearance Officers, (202) 874–5090,
Legislative and Regulatory Activities
Division, Office of the Comptroller of
the Currency, 250 E Street SW.,
Washington, DC 20219.
SUPPLEMENTARY INFORMATION: The OCC
is proposing to renew the following
currently approved collection of
information without change:
Title: Risk-Based Capital Standards;
Advanced Capital Adequacy
Framework.
OMB Control No.: 1557–0234.
Frequency of Response: On occasion.
Affected Public: Insured National
banks and Federal branches and
agencies of foreign banks, Federal
savings associations.
Estimated Number of Respondents:
55.
E:\FR\FM\19NON1.SGM
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]]>Agencies
[Federal Register Volume 77, Number 223 (Monday, November 19, 2012)]
[Notices]
[Pages 69545-69546]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-28021]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
November 14, 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 December 19, 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 information collection request maybe found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545-0046.
Type of Review: Extension without change.
Title: Form 982--Reduction of Tax Attributes Due to Discharge of
Indebtedness (and Section 1082 Basis Adjustment).
Form: 982.
Abstract: Internal Revenue Code section 108 allows taxpayers to
exclude from gross income amounts attributable to discharge of
indebtedness in title 11 cases, insolvency, or qualified farm
indebtedness. Code section 1081(b) allows corporations to exclude from
gross income amounts attributable to certain transfers of property. The
data is used to verify adjustments to basis of property and reduction
of tax attributes.
Affected Public: Private sector: Businesses or other for-profit
institutions.
Estimated Total Burden Hours: 7,491.
OMB Number: 1545-0144.
Type of Review: Extension without change of a currently approved
collection.
Title: Undistributed Capital Gains Tax Return.
Form: 2438.
Abstract: Form 2438 is used by regulated investment companies to
figure capital gains tax on undistributed capital gains designated
under IRC section 852(b)3(D). IRS uses this information to determine
the correct tax.
Affected Public: Private sector: Business or other for-profits.
Estimated Total Burden Hours: 976.
OMB Number: 1545-0195.
Type of Review: Extension without change of a currently approved
collection.
Title: Election to Postpone Determination as to whether the
Presumption Applies that an activity is engaged in for profit.
Form: 5213.
Abstract: This form is used by individuals, partnerships, estates,
trusts, and S corporations to make an election to postpone an IRS
determination as to whether an activity is engaged in for profit for 5
years (7 years for breeding, training, showing, or racing horses). The
data is used to verify eligibility to make the election.
Affected Public: Businesses or other for-profit institutions.
Estimated Total Burden Hours: 2,762.
OMB Number: 1545-0260.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 706-CE--Certificate of Payment of Foreign Death Tax.
Form: 706-CE.
Abstract: Form 706-CE is used by the executors of estates to
certify that foreign death taxes have been paid so that the estate may
claim the foreign death tax credit allowed by IRS section 2014. The
information is used by IRS to verify that the proper tax credit has
been claimed.
Affected Public: Individuals or households.
Estimated Total Burden Hours: 3,870.
OMB Number: 1545-1035.
Type of Review: Extension without change of a currently approved
collection.
Title: Recapture of Low-Income Housing Credit.
Form: 8611.
Abstract: IRC section 42 permits owners of residential rental
projects providing low-income housing to claim a credit against their
income tax. If the property is disposed of or it falls to meet certain
requirements over a 15-year compliance period and a bond is not posted,
the owner must recapture on Form 8611 part of the credit(s) taken in
prior years.
Affected Public: Private sector: Business or other for-profits.
Estimated Total Burden Hours: 7,842.
OMB Number: 1545-1522.
Type of Review: Extension without change.
Title: Revenue Procedure 2010--1(Letter rulings, information
letters, and determination letters)--26 CFR 601-.201.
Abstract: This revenue procedure explains how the Service provides
advice to taxpayers on issues under the jurisdiction of the Associate
Chief Counsel (Corporate), the Associate Chief Counsel (Financial
Institutions and Products), the Associate Chief Counsel (Income Tax and
Accounting), the Associate Chief Counsel (International), the Associate
Chief Counsel (Passthroughs and Special Industries), the Associate
Chief Counsel (Procedure and Administration), and the Division
[[Page 69546]]
Counsel/Associate Chief Counsel (Tax Exempt and Government Entities).
It explains the forms of advice and the manner in which advice is
requested by taxpayers and provided by the Service.
Affected Public: Private sector: Business or other for-profits.
Estimated Total Burden Hours: 305,540.
OMB Number: 1545-1539.
Type of Review: Extension without change.
Title: REG-208172-91 (TD 8787--final) Basis Reduction Due to
Discharge of Indebtedness.
Abstract: The IRS will use the information provided by taxpayers
owning interests in partnerships and owning section 1221(i) real
property to verify compliance with sections 1017(b)(3)(C),
1017(b)(3)(E), 1017(b)(3)(F), and 1017(b)(4)(X).
Affected Public: Individuals or households.
Estimated Total Burden Hours: 10,000.
OMB Number: 1545-1673.
Type of Review: Revision of a currently approved collection.
Title: Rev Proc 2008-50--Employee Plans Compliance Resolution
System (RP 2006-27); Form 8950--App For Voluntary Correction Program;
Form 8951--Compliance Fee for Emp Plans Voluntary Correction Program.
Abstract: The information requested in Revenue Procedure 2008-50 is
required to enable the Internal Revenue Service to make determinations
on the issuance of various types of closing agreements and compliance
statements. The issuance of the agreements and statements allow
individual plans to maintain their tax-qualified status. As a result,
the favorable tax treatment of the benefits of the eligible employees
is retained.
Affected Public: Private sector: Business or other for-profits.
Estimated Total Burden Hours: 99,170.
OMB Number: 1545-1683.
Type of Review: Extension without change.
Title: Notice Concerning Fiduciary Relationship-Illinois Type Land
Trust.
Abstract: The data collected on the forms provides trustees of
Illinois Land Trusts a convenient method of reporting information
related to creating, changing, and closing such trusts.
Affected Public: Private sector: Business or other for-profits.
Estimated Total Burden Hours: 22,000.
OMB Number: 1545-1832.
Type of Review: Extension without change.
Title: Systemic Advocacy Issue Submission Form.
Form: 14411.
Abstract: Form 14411 is to be used by individuals, businesses,
practitioners and other public groups to identify systemic problems
that taxpayers are encountering with IRS. This form will be submitted
electronically via the IRS.gov Web site. Mailed or faxed forms will be
accepted and are necessary.
Affected Public: Private sector: Business or other for-profits.
Estimated Total Burden Hours: 336.
OMB Number: 1545-1971.
Type of Review: Revision of a currently approved collection.
Title: Household Employment Taxes.
Form: 1040 H.
Abstract: Schedule H (Form 1040) is used by individuals to report
their employment taxes. The data is used to verify that the items
reported on the form is correct and also for general statistical use.
Affected Public: Private sector: Business or other for-profits.
Estimated Total Burden Hours: 655,209.
OMB Number: 1545-1973.
Type of Review: Extension without change.
Title: Net Profit from Business.
Abstract: Schedule C-EZ (Form 1040) is used by individuals to
report their employment taxes. The data is used to verify that the
items reported on the form is correct and also for general statistical
use.
Affected Public: Private sector: Business or other for-profits.
Estimated Total Burden Hours: 1,027,515.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2012-28021 Filed 11-16-12; 8:45 am]
BILLING CODE 4830-01-P
