Submission for OMB Review; Comment Request, 71208-71211 [2012-28895]
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Federal Register / Vol. 77, No. 230 / Thursday, November 29, 2012 / Notices
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 4,471.
OMB Number: 1513–0057.
Type of Review: Revision of a
currently approved collection.
Title: Letterhead Applications and
Notices Relating to Wine (5120/2).
Abstract: Letterhead applications and
notices relating to wine are required to
ensure that the intended activity will
not jeopardize the revenue or defraud
consumers.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 825.
OMB Number: 1513–0074.
Type of Review: Extension without
change of a currently approved
collection.
Title: Airlines Withdrawing Stock
from Customs Custody (TTB REC 5620/
2).
Abstract: Airlines may withdraw tax
exempt distilled spirits, wine, and beer
from Customs custody for foreign
flights. The required record shows the
amount of spirits and wine withdrawn,
flight identification, and Customs
certification. As a result, it enables TTB
to verify that tax is not due, allows
spirits and wines to be traced, maintains
accountability, and protects tax revenue.
The collection of information is
contained in 27 CFR 28.280 and 28.281.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 2,500.
OMB Number: 1513–0088.
Type of Review: Revision of a
currently approved collection.
Title: Alcohol, Tobacco, and Firearms
Related Documents for Tax Returns and
Claims (TTB REC 5000/24).
Abstract: TTB is responsible for the
collection of Federal excise taxes on
firearms, ammunition, distilled spirits,
wine, beer, tobacco products, and
cigarette papers and tubes. These excise
taxes are required to be collected on the
basis of a return, and taxpayers are
required to maintain appropriate
records that support the information in
the return.
Affected Public: Private Sector:
Businesses or other for-profits, not-forprofit institutions; individuals or
households.
Estimated Total Burden Hours:
503,921.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2012–28857 Filed 11–28–12; 8:45 am]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
November 26, 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 31, 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: 1545–0025.
Type of Review: Extension without
change of a currently approved
collection.
Title: Affiliations Schedule.
Form: 851.
Abstract: Form 851 provides IRS with
information to ascertain (1) the names
and identification numbers of the
members of the affiliated group
included in the consolidated return, (2)
taxes paid by each member of the group,
and (3) stock ownership; changes in
stock ownership and other information
to determine that each corporation is a
qualified member of the affiliated group
as defined in section 1504 of the Code.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
51,040.
OMB Number: 1545–0166.
Type of Review: Extension without
change of a currently approved
collection.
Title: Recapture of Investment Credit.
Form: 4255.
Abstract: IRC section 50(a) and § 1.47
require that taxpayers attach a statement
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to their return showing the computation
of the recapture tax when investment
credit property is disposed of before the
end of the recapture period used in the
original computation of the investment
credit.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
129,492.
OMB Number: 1545–0239.
Type of Review: Extension without
change of a currently approved
collection.
Title: Statement by Person(s)
Receiving Gambling Winnings.
Form: 5754.
Abstract: Section 3402(q)(6) of the IRC
requires a statement by the person
receiving certain gambling winnings
when that person is not the winner or
is one of a group of winners. It enables
the payer to properly apportion the
winnings and withheld tax on Form W–
2G. The information on Form W–2G is
used to ensure that recipients are
properly reporting their income.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
40,800.
OMB Number: 1545–0644.
Type of Review: Extension without
change of a currently approved
collection.
Title: Gains and Losses From Section
1256 Contracts and Straddles.
Form: 6781.
Abstract: Form 6781 is used by
taxpayers to compute their gains and
losses from Section 1256 contracts and
straddles and their special tax
treatment. The data is used to verify that
the tax reported accurately reflects any
such gains and losses.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
903,236.
OMB Number: 1545–0745.
Type of Review: Extension without
change of a currently approved
collection.
Title: LR–27–83 (TD 7882—final)
Floor Stocks Credits or Refunds and
Consumer Credits or Refunds With
Respect to Certain Tax-Repealed
Articles; Excise Tax on Heavy Trucks;
LR–54–85 (TD 8050) Excise Tax on
Heavy Trucks, Truck Trailers and
Semitrailers, and Tractors; Reporting
and Recordkeeping Requirements.
Abstract: LR–27–83 (TD 7882),
requires sellers of trucks, trailers and
semitrailers, and tractors to maintain
records of the gross vehicle weights of
articles sold to verify taxability. LR–54–
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85 (TD 8050), requires that if the sale is
to be treated as exempt, the seller and
the purchaser must be registered and the
purchaser must give the seller a resale
certificate.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 4,140.
OMB Number: 1545–0996.
Type of Review: Extension without
change of a currently approved
collection.
Title: REG–130477–00; REG–130481–
00 (TD 8987 -Final), Required
Distributions From Retirement Plans.
Abstract: The regulations relate to the
required minimum distribution from
qualified plans, individual retirement
plans, deferred compensation plans
under section 457, and section 403(b)
annuity contracts, custodial accounts,
and retirement income accounts.
Affected Public: State, Local, and
Tribal Governments.
Estimated Total Burden Hours: 8,400.
OMB Number: 1545–1014.
Type of Review: Extension without
change of a currently approved
collection.
Title: Form 1066, U.S. Real Estate
Mortgage Investment Conduit (REMIC)
Income Tax Return; Schedule Q (Form
1066) Quarterly Notice to Residual
Interest Holder of REMIC Taxable
Income or Net Loss.
Form: 1066, Schedule Q (Form 1066).
Abstract: Form 1066 and Schedule Q
(Form 1066) are used by a real estate
mortgage investment conduit (REMIC)
to figure its tax liability and income and
other tax-related information to pass
through to its residual holders. IRS uses
the information to determine the correct
tax liability of the REMIC and its
residual holders.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
756,580.
OMB Number: 1545–1131.
Type of Review: Extension without
change of a currently approved
collection.
Title: INTL–485–89 (TD 8400 -Final)
Taxation of Gain or Loss from Certain
Nonfunctional Currency Transactions
(Section 988 Transactions).
Abstract: Sections 988(c)(1)(D) and (E)
require taxpayers to make certain
elections which determine whether
section 988 applies. In addition,
sections 988(a)(1)(B) and 988(d) require
taxpayers to identify transactions which
generate capital gain or loss or which
are hedges of other transactions.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 3,333.
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OMB Number: 1545–1163.
Type of Review: Extension without
change of a currently approved
collection.
Title: Form 8822—Change of Address
(For Individual, Gift, Estate, or
Generation-Skipping Transfer Tax
Returns); Form 8822–B—Change of
Address—Business.
Form: 8822, 8822–B.
Abstract: Form 8822 and 8822–B are
used by taxpayers to furnish their
change of address to the Internal
Revenue Service. Form 8822 is used by
individual taxpayers while Form 8822–
B will be used by business taxpayers.
Affected Public: Private Sector:
Businesses or other for-profits;
Individuals or Households.
Estimated Total Burden Hours:
264,792.
OMB Number: 1545–1426.
Type of Review: Extension without
change of a currently approved
collection.
Title: INTL–21–91 (TD 8656—Final)
Section 6662—Imposition of the
Accuracy-Related Penalty.
Abstract: These regulations provide
guidance about substantial and gross
valuation misstatements as defined in
sections 6662(e) and 6662(h). They also
provide guidance about the reasonable
cause and good faith exclusion. The
regulations apply to taxpayers who have
transactions between persons described
in section 482 and not section 482
transfer price adjustments.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
20,125.
OMB Number: 1545–1520.
Type of Review: Extension without
change of a currently approved
collection.
Title: Revenue Procedure 2011–4
(Letter Rulings), Revenue Procedure
2011–5 (Technical Advice), Revenue
Procedure 2011–6 (Determination
Letters), and Revenue Procedure 2011–
8 (User Fees).
Abstract: The information requested
in Revenue Procedure 2011–4, Revenue
Procedure 2011–5, Revenue Procedure
2011–6, and Revenue Procedure 2011–
8 is required to enable the Office of the
Division Commissioner (Tax Exempt
and Government Entities) of the Internal
Revenue Service to give advice on filing
letter ruling, determination letter, and
technical advice requests, to process
such requests, and to determine the
amount of any user fees.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
178,146.
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OMB Number: 1545–1535.
Type of Review: Extension without
change of a currently approved
collection.
Title: Revenue Procedure 97–19,
Timely Mailing Treated as Timely
Filing.
Abstract: Revenue Procedure 97–19
provides the criteria that will be used by
the IRS to determine whether a private
delivery service qualifies as a
designated Private Delivery Service
under section 7502 of the Internal
Revenue Code.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 3,069.
OMB Number: 1545–1674.
Type of Review: Extension without
change of a currently approved
collection.
Title: Revenue Procedure 2011–49,
Master and Prototype and Volume
Submitter Plans (previously Rev. Proc.
2005–16).
Abstract: The master and prototype
and volume submitter revenue
procedure sets forth the procedures for
sponsors of master and prototype and
volume submitter pension, profitsharing and annuity plans to request an
opinion letter or an advisory letter from
the Internal Revenue Service that the
form of a master or prototype plan or
volume submitter plan meets the
requirements of section 401(a) of the
Internal Revenue Code. The information
requested in sections 5.11, 8.02, 11.02,
12, 14.05 15.02, 18, and 24 of the master
and prototype revenue procedure is in
addition to the information required to
be submitted with Forms 4461.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
1,058,850.
OMB Number: 1545–1801.
Type of Review: Extension without
change of a currently approved
collection.
Title: Revenue Procedure 2002–67,
Settlement of Section 351 Contingent
Liability Tax Shelter Cases.
Abstract: This revenue procedure
prescribes procedures for taxpayers who
elect to participate in a settlement
initiative aimed at resolving tax shelter
cases involving contingent liability
transactions that are the same or similar
to those described in Notice 2001–17
(‘‘contingent liability transactions’’).
There are two resolution methodologies:
a fixed concession procedure and a fast
track dispute resolution procedure that
includes binding arbitration.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 7,500.
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OMB Number: 1545–1804.
Type of Review: Extension without
change of a currently approved
collection.
Title: New Markets Credit.
Form: 8874.
Abstract: Investors use Form 8874 to
request a credit for equity investments
in community development entities.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
32,464.
OMB Number: 1545–1814.
Type of Review: Extension without
change of a currently approved
collection.
Title: Changes in Corporate Control
and Capital Structure.
Form: 1099–CAP.
Abstract: Any corporation that
undergoes reorganization under
§ 1.6043–4T with stock, cash, and other
property over $100 million must file
Form 1099–CAP with the IRS
shareholders.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 67.
OMB Number: 1545–1833.
Type of Review: Extension without
change of a currently approved
collection.
Title: Revenue Procedure 2003–37,
Documentation Provisions for Certain
Taxpayers Using the Fair Market Value
Method of Interest Expense
Apportionment.
Abstract: Revenue Procedure 2003–37
describes documentation and
information a taxpayer that uses the fair
market value method of apportionment
of interest expense may prepare and
make available to the Service upon
request in order to establish the fair
market value of the taxpayer’s assets to
the satisfaction of the Commissioner as
required by Sec. 1.861–9T(g)(1)(iii). It
also sets forth the procedures to be
followed in the case of elections to use
the fair market value method.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 625.
OMB Number: 1545–1837.
Type of Review: Extension without
change of a currently approved
collection.
Title: Revenue Procedure 2003–36,
Industry Issue Program.
Abstract: Revenue Procedure 2003–36
describes the procedures for business
taxpayers, industry associations, and
others representing business taxpayers
to submit issues for resolution under the
IRS’s Industry Issues Resolution
Program.
Affected Public: Private Sector:
Businesses or other for-profits.
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Estimated Total Burden Hours: 2,000.
OMB Number: 1545–1972.
Type of Review: Extension without
change of a currently approved
collection.
Title: Supplemental Income and Loss.
Form: Schedule E (1040).
Abstract: Schedule E (Form 1040) is
used by individuals to report their
supplemental income. 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:
Businesses or other for-profits.
Estimated Total Burden Hours:
284,599.
OMB Number: 1545–1974.
Type of Review: Revision of a
currently approved collection.
Title: Profit and Loss from Business.
Form: Schedule C (1040).
Abstract: Schedule C (Form 1040) is
used by individuals to report their
business income, loss and expenses.
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:
Businesses or other for-profits.
Estimated Total Burden Hours:
71,701,693.
OMB Number: 1545–1975.
Type of Review: Extension without
change of a currently approved
collection.
Title: Profit or Loss From Farming.
Form: Schedule F (1040).
Abstract: Schedule F (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:
Businesses or other for-profits.
Estimated Total Burden Hours:
7,796,240.
OMB Number: 1545–1998.
Type of Review: Extension without
change of a currently approved
collection.
Title: Alternative Motor Vehicle
Credit.
Form: 8910.
Abstract: Taxpayers will file Form
8910 to claim the credit for certain
alternative motor vehicles placed in
service after 2005.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
115,900.
OMB Number: 1545–2003.
Type of Review: Extension without
change of a currently approved
collection.
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Title: Notice 2006–24, Qualifying
Advanced Coal Project Program.
Abstract: This notice establishes the
qualifying advanced coal project
program under Sec. 48A of the Internal
Revenue Code. The notice provides the
time and manner for a taxpayer to apply
for an allocation of qualifying advanced
coal project credits and, once the
taxpayer has received this allocation,
the time and manner for the taxpayer to
file for a certification of its qualifying
advanced coal project.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 4,950.
OMB Number: 1545–2008.
Type of Review: Extension without
change of a currently approved
collection.
Title: Nonconventional Source Fuel
Credit.
Form: 8907.
Abstract: Form 8907 will be used to
claim a credit from the production and
sale of fuel created from
nonconventional sources. For tax years
ending after 12/31/05 fuel from coke or
coke gas can qualify for the credit, and
the credit becomes part of the general
business credit.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
171,160.
OMB Number: 1545–2011.
Type of Review: Extension without
change of a currently approved
collection.
Title: Certification of Intent to Adopt
a Pre-approved Plan.
Form: 8905.
Abstract: Use Form 8905 to treat an
employer’s plan as a pre-approved plan
and therefore eligible for the six-year
remedial amendment cycle of Part IV of
Revenue Procedure 2005–66, 2005–37
I.R.B. 509.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
110,490.
OMB Number: 1545–2140.
Type of Review: Extension without
change of a currently approved
collection.
Title: Airplane Payments Report.
Form: 8935, 8935–T.
Abstract: Form 8935 will provide to
the employee, current or former, the
amount of the payment that was
received from the airline that is eligible
for rollover treatment into a Roth IRA.
Form 8935–T is a transmittal form
developed for filing information
reporting Forms 8935, Airline Payments
Reports, with the Service via paper
filing.
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Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 44.
OMB Number: 1545–2141.
Type of Review: Extension without
change of a currently approved
collection.
Title: NOT–2009–31—Election and
Notice Procedures for Multiemployer
Plans under Sections 204 and 205 of
WRERA.
Abstract: The guidance in this notice
implements temporary, elective relief
under the Workers, Retirees, and
Employers Relief Act of 2008 (WRERA),
for multiemployer pension plans from
certain funding requirements.
Affected Public: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 1,600.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2012–28895 Filed 11–28–12; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
Request for Information: Establish a
Public-Private Collaboration, ‘‘Drug
Development Initiative’’ (DDI), for New
Pharmacological Treatments for PostTraumatic Stress Disorder (PTSD)
Office of Research and
Development (ORD).
ACTION: Notice.
AGENCY:
The Department of Veterans
Affairs (VA) ORD publishes this Request
for Information (RFI) to solicit interest
in forming public-private collaborations
to develop new pharmacological
treatments for PTSD. ORD is interested
in developing collaborations with
organizations that are interested in
pursuing clinical trials specifically
focused on PTSD. Such research would
be detailed through a Cooperative
Research and Development Agreement
(CRADA) under the authority of the
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SUMMARY:
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Federal Technology Transfer Act of
1986 (FTTA), Public Law 99–502,
codified as amended in scattered
sections of title 15, United States Code
(U.S.C.). The CRADA will delineate the
collaboration for PTSD treatment
intended to test new drugs to benefit
Veterans.
This notice will remain open to
accept inquiries and responses.
FOR FURTHER INFORMATION CONTACT:
Interested parties should contact
Theresa Gleason, Ph.D., Senior Program
Manager, Clinical Science Research and
Development Service at (202) 443–5697
or by email at CLINreview@va.gov to
provide an intention to participate.
Please use the subject line: ‘‘DDI.’’
DATES:
ORD has
long supported a robust research
portfolio of studies focused on
understanding and treating PTSD, a
disorder prevalent in Veterans. VA
research has contributed extensively to
advancing knowledge regarding the
neurobiological underpinnings and
leading advances in treatment research
through clinical trials, especially in the
area of psychotherapeutic approaches.
Our program has the capability to
conduct small/early to large/definitive
multi-site clinical trials with the
support of the VA Cooperative Studies
Program. To identify and test new drug
therapies for PTSD and to address the
continuing need to treat Veterans with
this disorder is of high interest to VA.
This RFI is an invitation for responses
from entities interested in participating
in this DDI focused on new
pharmacological treatments for PTSD.
Collaborations will be delineated via
a CRADA under the authority of the
FTTA at 15 U.S.C. 3710a. Under the
FTTA, VA and the entity may exchange
personnel, services, facilities,
equipment, intellectual property, or
other resources. No Federal funds may
be provided to any third party
collaborator, but the VA laboratory is
authorized to accept funds. VA may
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grant to the collaborator party a license
or an assignment to inventions made
under the CRADA. We will select
collaborators based on a mutually
beneficial relationship that is fair and
equitable and scientifically sound with
the goal of advancing treatment for
PTSD.
Responses to this RFI should include
the following information:
a. Company profile;
b. Name, contact, and function of
company representative; and
c. Brief rationale for proposed
compound as candidate to be tested as
new treatment for PTSD. Please do not
include proprietary, classified,
confidential, or sensitive information in
your response, but provide scientific
basis for the use of the compound and
the general status of testing completed
to date in human subjects (if any).
We will evaluate DDI responses for
interest. Selected potential collaborators
may be invited to discussions to
develop a CRADA and plan potential
trials. Non-selected respondents will not
receive additional feedback other than a
non-selected notice. Special
consideration will be given to small
business firms and consortia involving
small business firms. Preference will be
given to businesses located in the
United States which agree that products
embodying inventions made under the
CRADA will be manufactured
substantially in the United States as
provided for in 15 U.S.C. 3710a(c)(4).
This RFI does not obligate VA to enter
into a CRADA with any respondent. VA
reserves the right to establish a CRADA
based on scientific analysis and
capabilities found by way of this
announcement or other searches if
determined to be in the best interest of
the government.
Approved: November 26, 2012.
John R. Gingrich,
Chief of Staff, Department of Veterans Affairs.
[FR Doc. 2012–28917 Filed 11–28–12; 8:45 am]
BILLING CODE 8320–01–P
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]]>Agencies
[Federal Register Volume 77, Number 230 (Thursday, November 29, 2012)]
[Notices]
[Pages 71208-71211]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-28895]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
November 26, 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 31, 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: 1545-0025.
Type of Review: Extension without change of a currently approved
collection.
Title: Affiliations Schedule.
Form: 851.
Abstract: Form 851 provides IRS with information to ascertain (1)
the names and identification numbers of the members of the affiliated
group included in the consolidated return, (2) taxes paid by each
member of the group, and (3) stock ownership; changes in stock
ownership and other information to determine that each corporation is a
qualified member of the affiliated group as defined in section 1504 of
the Code.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 51,040.
OMB Number: 1545-0166.
Type of Review: Extension without change of a currently approved
collection.
Title: Recapture of Investment Credit.
Form: 4255.
Abstract: IRC section 50(a) and Sec. 1.47 require that taxpayers
attach a statement to their return showing the computation of the
recapture tax when investment credit property is disposed of before the
end of the recapture period used in the original computation of the
investment credit.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 129,492.
OMB Number: 1545-0239.
Type of Review: Extension without change of a currently approved
collection.
Title: Statement by Person(s) Receiving Gambling Winnings.
Form: 5754.
Abstract: Section 3402(q)(6) of the IRC requires a statement by the
person receiving certain gambling winnings when that person is not the
winner or is one of a group of winners. It enables the payer to
properly apportion the winnings and withheld tax on Form W-2G. The
information on Form W-2G is used to ensure that recipients are properly
reporting their income.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 40,800.
OMB Number: 1545-0644.
Type of Review: Extension without change of a currently approved
collection.
Title: Gains and Losses From Section 1256 Contracts and Straddles.
Form: 6781.
Abstract: Form 6781 is used by taxpayers to compute their gains and
losses from Section 1256 contracts and straddles and their special tax
treatment. The data is used to verify that the tax reported accurately
reflects any such gains and losses.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 903,236.
OMB Number: 1545-0745.
Type of Review: Extension without change of a currently approved
collection.
Title: LR-27-83 (TD 7882--final) Floor Stocks Credits or Refunds
and Consumer Credits or Refunds With Respect to Certain Tax-Repealed
Articles; Excise Tax on Heavy Trucks; LR-54-85 (TD 8050) Excise Tax on
Heavy Trucks, Truck Trailers and Semitrailers, and Tractors; Reporting
and Recordkeeping Requirements.
Abstract: LR-27-83 (TD 7882), requires sellers of trucks, trailers
and semitrailers, and tractors to maintain records of the gross vehicle
weights of articles sold to verify taxability. LR-54-
[[Page 71209]]
85 (TD 8050), requires that if the sale is to be treated as exempt, the
seller and the purchaser must be registered and the purchaser must give
the seller a resale certificate.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 4,140.
OMB Number: 1545-0996.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-130477-00; REG-130481-00 (TD 8987 -Final), Required
Distributions From Retirement Plans.
Abstract: The regulations relate to the required minimum
distribution from qualified plans, individual retirement plans,
deferred compensation plans under section 457, and section 403(b)
annuity contracts, custodial accounts, and retirement income accounts.
Affected Public: State, Local, and Tribal Governments.
Estimated Total Burden Hours: 8,400.
OMB Number: 1545-1014.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 1066, U.S. Real Estate Mortgage Investment Conduit
(REMIC) Income Tax Return; Schedule Q (Form 1066) Quarterly Notice to
Residual Interest Holder of REMIC Taxable Income or Net Loss.
Form: 1066, Schedule Q (Form 1066).
Abstract: Form 1066 and Schedule Q (Form 1066) are used by a real
estate mortgage investment conduit (REMIC) to figure its tax liability
and income and other tax-related information to pass through to its
residual holders. IRS uses the information to determine the correct tax
liability of the REMIC and its residual holders.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 756,580.
OMB Number: 1545-1131.
Type of Review: Extension without change of a currently approved
collection.
Title: INTL-485-89 (TD 8400 -Final) Taxation of Gain or Loss from
Certain Nonfunctional Currency Transactions (Section 988 Transactions).
Abstract: Sections 988(c)(1)(D) and (E) require taxpayers to make
certain elections which determine whether section 988 applies. In
addition, sections 988(a)(1)(B) and 988(d) require taxpayers to
identify transactions which generate capital gain or loss or which are
hedges of other transactions.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 3,333.
OMB Number: 1545-1163.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 8822--Change of Address (For Individual, Gift, Estate,
or Generation-Skipping Transfer Tax Returns); Form 8822-B--Change of
Address--Business.
Form: 8822, 8822-B.
Abstract: Form 8822 and 8822-B are used by taxpayers to furnish
their change of address to the Internal Revenue Service. Form 8822 is
used by individual taxpayers while Form 8822-B will be used by business
taxpayers.
Affected Public: Private Sector: Businesses or other for-profits;
Individuals or Households.
Estimated Total Burden Hours: 264,792.
OMB Number: 1545-1426.
Type of Review: Extension without change of a currently approved
collection.
Title: INTL-21-91 (TD 8656--Final) Section 6662--Imposition of the
Accuracy-Related Penalty.
Abstract: These regulations provide guidance about substantial and
gross valuation misstatements as defined in sections 6662(e) and
6662(h). They also provide guidance about the reasonable cause and good
faith exclusion. The regulations apply to taxpayers who have
transactions between persons described in section 482 and not section
482 transfer price adjustments.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 20,125.
OMB Number: 1545-1520.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2011-4 (Letter Rulings), Revenue Procedure
2011-5 (Technical Advice), Revenue Procedure 2011-6 (Determination
Letters), and Revenue Procedure 2011-8 (User Fees).
Abstract: The information requested in Revenue Procedure 2011-4,
Revenue Procedure 2011-5, Revenue Procedure 2011-6, and Revenue
Procedure 2011-8 is required to enable the Office of the Division
Commissioner (Tax Exempt and Government Entities) of the Internal
Revenue Service to give advice on filing letter ruling, determination
letter, and technical advice requests, to process such requests, and to
determine the amount of any user fees.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 178,146.
OMB Number: 1545-1535.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 97-19, Timely Mailing Treated as Timely
Filing.
Abstract: Revenue Procedure 97-19 provides the criteria that will
be used by the IRS to determine whether a private delivery service
qualifies as a designated Private Delivery Service under section 7502
of the Internal Revenue Code.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 3,069.
OMB Number: 1545-1674.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2011-49, Master and Prototype and Volume
Submitter Plans (previously Rev. Proc. 2005-16).
Abstract: The master and prototype and volume submitter revenue
procedure sets forth the procedures for sponsors of master and
prototype and volume submitter pension, profit-sharing and annuity
plans to request an opinion letter or an advisory letter from the
Internal Revenue Service that the form of a master or prototype plan or
volume submitter plan meets the requirements of section 401(a) of the
Internal Revenue Code. The information requested in sections 5.11,
8.02, 11.02, 12, 14.05 15.02, 18, and 24 of the master and prototype
revenue procedure is in addition to the information required to be
submitted with Forms 4461.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1,058,850.
OMB Number: 1545-1801.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2002-67, Settlement of Section 351
Contingent Liability Tax Shelter Cases.
Abstract: This revenue procedure prescribes procedures for
taxpayers who elect to participate in a settlement initiative aimed at
resolving tax shelter cases involving contingent liability transactions
that are the same or similar to those described in Notice 2001-17
(``contingent liability transactions''). There are two resolution
methodologies: a fixed concession procedure and a fast track dispute
resolution procedure that includes binding arbitration.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 7,500.
[[Page 71210]]
OMB Number: 1545-1804.
Type of Review: Extension without change of a currently approved
collection.
Title: New Markets Credit.
Form: 8874.
Abstract: Investors use Form 8874 to request a credit for equity
investments in community development entities.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 32,464.
OMB Number: 1545-1814.
Type of Review: Extension without change of a currently approved
collection.
Title: Changes in Corporate Control and Capital Structure.
Form: 1099-CAP.
Abstract: Any corporation that undergoes reorganization under Sec.
1.6043-4T with stock, cash, and other property over $100 million must
file Form 1099-CAP with the IRS shareholders.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 67.
OMB Number: 1545-1833.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2003-37, Documentation Provisions for
Certain Taxpayers Using the Fair Market Value Method of Interest
Expense Apportionment.
Abstract: Revenue Procedure 2003-37 describes documentation and
information a taxpayer that uses the fair market value method of
apportionment of interest expense may prepare and make available to the
Service upon request in order to establish the fair market value of the
taxpayer's assets to the satisfaction of the Commissioner as required
by Sec. 1.861-9T(g)(1)(iii). It also sets forth the procedures to be
followed in the case of elections to use the fair market value method.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 625.
OMB Number: 1545-1837.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2003-36, Industry Issue Program.
Abstract: Revenue Procedure 2003-36 describes the procedures for
business taxpayers, industry associations, and others representing
business taxpayers to submit issues for resolution under the IRS's
Industry Issues Resolution Program.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 2,000.
OMB Number: 1545-1972.
Type of Review: Extension without change of a currently approved
collection.
Title: Supplemental Income and Loss.
Form: Schedule E (1040).
Abstract: Schedule E (Form 1040) is used by individuals to report
their supplemental income. 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: Businesses or other for-profits.
Estimated Total Burden Hours: 284,599.
OMB Number: 1545-1974.
Type of Review: Revision of a currently approved collection.
Title: Profit and Loss from Business.
Form: Schedule C (1040).
Abstract: Schedule C (Form 1040) is used by individuals to report
their business income, loss and expenses. 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: Businesses or other for-profits.
Estimated Total Burden Hours: 71,701,693.
OMB Number: 1545-1975.
Type of Review: Extension without change of a currently approved
collection.
Title: Profit or Loss From Farming.
Form: Schedule F (1040).
Abstract: Schedule F (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: Businesses or other for-profits.
Estimated Total Burden Hours: 7,796,240.
OMB Number: 1545-1998.
Type of Review: Extension without change of a currently approved
collection.
Title: Alternative Motor Vehicle Credit.
Form: 8910.
Abstract: Taxpayers will file Form 8910 to claim the credit for
certain alternative motor vehicles placed in service after 2005.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 115,900.
OMB Number: 1545-2003.
Type of Review: Extension without change of a currently approved
collection.
Title: Notice 2006-24, Qualifying Advanced Coal Project Program.
Abstract: This notice establishes the qualifying advanced coal
project program under Sec. 48A of the Internal Revenue Code. The notice
provides the time and manner for a taxpayer to apply for an allocation
of qualifying advanced coal project credits and, once the taxpayer has
received this allocation, the time and manner for the taxpayer to file
for a certification of its qualifying advanced coal project.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 4,950.
OMB Number: 1545-2008.
Type of Review: Extension without change of a currently approved
collection.
Title: Nonconventional Source Fuel Credit.
Form: 8907.
Abstract: Form 8907 will be used to claim a credit from the
production and sale of fuel created from nonconventional sources. For
tax years ending after 12/31/05 fuel from coke or coke gas can qualify
for the credit, and the credit becomes part of the general business
credit.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 171,160.
OMB Number: 1545-2011.
Type of Review: Extension without change of a currently approved
collection.
Title: Certification of Intent to Adopt a Pre-approved Plan.
Form: 8905.
Abstract: Use Form 8905 to treat an employer's plan as a pre-
approved plan and therefore eligible for the six-year remedial
amendment cycle of Part IV of Revenue Procedure 2005-66, 2005-37 I.R.B.
509.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 110,490.
OMB Number: 1545-2140.
Type of Review: Extension without change of a currently approved
collection.
Title: Airplane Payments Report.
Form: 8935, 8935-T.
Abstract: Form 8935 will provide to the employee, current or
former, the amount of the payment that was received from the airline
that is eligible for rollover treatment into a Roth IRA. Form 8935-T is
a transmittal form developed for filing information reporting Forms
8935, Airline Payments Reports, with the Service via paper filing.
[[Page 71211]]
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 44.
OMB Number: 1545-2141.
Type of Review: Extension without change of a currently approved
collection.
Title: NOT-2009-31--Election and Notice Procedures for
Multiemployer Plans under Sections 204 and 205 of WRERA.
Abstract: The guidance in this notice implements temporary,
elective relief under the Workers, Retirees, and Employers Relief Act
of 2008 (WRERA), for multiemployer pension plans from certain funding
requirements.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1,600.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2012-28895 Filed 11-28-12; 8:45 am]
BILLING CODE 4830-01-P
