Proposed Collection; Comment Request for Information Collection Tools, 73115-73116 [2012-29552]
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Federal Register / Vol. 77, No. 236 / Friday, December 7, 2012 / Notices
[Assistance for the hearing impaired is
available through the Federal
Information Relay Service (FIRS) at 1–
800–877–8339.]
SUPPLEMENTARY INFORMATION: On
December 3, 2012, the Federal Register
published a notice at 77 FR 71,680
regarding Docket No. FD 35676 (Sub-No.
1). The notice contained incorrect dates
under the DATES caption. The DATES
caption should read:
DATES: This decision is effective on
December 30, 2012. Petitions to stay must be
filed by December 10, 2012. Petitions for
reconsideration must be filed by December
20, 2012.
Dated: December 3, 2012.
By the Board, Rachel D. Campbell,
Director, Office of Proceedings.
[Docket ID OCC–2012–0018]
Mutual Savings Association Advisory
Committee
Office of the Comptroller of the
Currency (OCC), Department of the
Treasury.
ACTION: Notice.
AGENCY:
The OCC has determined that
the renewal of the charter of the OCC
Mutual Savings Association Advisory
Committee (MSAAC) is necessary and
in the public interest. The OCC hereby
gives notice of the renewal of the
charter.
SUMMARY:
tkelley on DSK3SPTVN1PROD with
DEPARTMENT OF THE TREASURY
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 existing
final regulation, FI–43–94 (TD 8649),
Regulations Under Section 1258 of the
Internal Revenue Code of 1986; Netting
Rule for Certain Conversion
Transactions (§ 1.1258–1); final
regulation, REG–252936–96 (TD 8780),
Rewards for Information Relating to
Violations of Internal Revenue Laws
(section 301.7623–1); Revenue
Procedure 98–46 and Revenue
Procedure 97–44, LIFO Conformity
Requirement; final regulation, REG–
209322–82 (TD 8841), Return of
Partnership Income (§ 1.6031(a)–1);
Revenue Procedure 2000–42, Section
1503(d) Closing Agreement Requests;
and Notice 2008–33, Credit for New
Qualified Alternative Motor Vehicles
(Qualified Fuel Cell Motor Vehicles).
DATES: Written comments should be
received on or before February 5, 2013
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
SUMMARY:
Office of the Comptroller of the
Currency
The charter of the OCC MSAAC
is renewed for a two-year period that
began on November 19, 2012.
FOR FURTHER INFORMATION CONTACT:
Donna Deale, Designated Federal
Official, (202) 874–5020, Office of the
Comptroller of the Currency, 250 E
Street SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Notice of
the renewal of the MSAAC charter is
hereby given, with the approval of the
Secretary of the Treasury, pursuant to
section 10(a)(2) of the Federal Advisory
Committee Act, 5 U.S.C. App. 2 (1988).
The Comptroller of the Currency has
determined that the renewal of the
MSAAC charter is necessary and in the
public interest in order to provide
advice and information concerning the
current condition of mutual savings
associations, the regulatory changes or
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:
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
DEPARTMENT OF THE TREASURY
Jkt 229001
BILLING CODE 4810–33–P
AGENCY:
BILLING CODE 4915–01–P
18:05 Dec 06, 2012
[FR Doc. 2012–29553 Filed 12–6–12; 8:45 am]
Proposed Collection; Comment
Request for Information Collection
Tools
[FR Doc. 2012–29587 Filed 12–6–12; 8:45 am]
VerDate Mar<15>2010
Dated: November 30, 2012.
Thomas J. Curry,
Comptroller of the Currency.
Internal Revenue Service
Jeffrey Herzig,
Clearance Clerk.
DATES:
other steps the OCC may be able to take
to ensure the health and viability of
mutual savings associations, and other
issues of concern to the existing mutual
savings associations, all in accordance
with the goals of Section 5(a) of the
Home Owners’ Loan Act (HOLA), 12
U.S.C. 1464.
73115
PO 00000
Frm 00108
Fmt 4703
Sfmt 4703
Currently, the IRS is seeking
comments concerning the following
information collection tools, reporting,
and record-keeping requirements:
(1) Title: Regulations Under Section
1258 of the Internal Revenue Code of
1986; Netting Rule for Certain
Conversion Transactions (§ 1.1258–1).
OMB Number: 1545–1452. Form
Number: FI–43–94 (TD 8649—final).
Abstract: Internal Revenue Code
section 1258 recharacterizes capital
gains from conversion transactions as
ordinary income to the extent of the
time value element. This regulation
provides that certain gains and losses
may be netted for purposes of
determining the amount of gain
recharacterized. To be eligible for
netting relief, the taxpayer must identify
on its books and records all the
positions that are part of the conversion
transaction. This must be done before
the close of the day on which the
positions become part of the conversion
transaction.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations, and not-for-profit
institutions.
Estimated Number of Respondents:
50,000.
Estimated Time per Respondent: 6
minutes.
Estimated Total Annual Burden
Hours: 5,000.
(2) Title: Rewards for Information
Relating to Violations of Internal
Revenue Laws.
OMB Number: 1545–1534.
Form Number: REG–252936–96 (TD
8780—final).
Abstract: The regulations explain the
procedure for submitting information
that relates to violations of the internal
revenue laws. The regulations also
require a person claiming a reward for
information to provide, in certain
circumstances, identification of
evidence that the person is the proper
claimant.
E:\FR\FM\07DEN1.SGM
07DEN1
73116
Federal Register / Vol. 77, No. 236 / Friday, December 7, 2012 / Notices
tkelley on DSK3SPTVN1PROD with
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, businesses or other forprofit organizations, and not-for-profit
institutions.
Estimated Number of Respondents:
10,000.
Estimated Time per Respondent: 3
hrs.
Estimated Total Annual Reporting
Burden Hours: 30,000.
(3) Title: LIFO Conformity
Requirement.
OMB Number: 1545–1559.
Form Number: Revenue Procedure
98–46 and Revenue Procedure 97–44.
Abstract: Revenue Procedure 97–44
permits automobile dealers that comply
with the terms of the revenue procedure
to continue using the LIFO inventory
method despite previous violations of
the LIFO conformity requirements of
Internal Revenue Code section 472(c) or
(e)(2). Revenue Procedure 98–46
modified Revenue Procedure 97–44 by
allowing medium-and heavy-duty truck
dealers to take advantage of the
favorable relief provided in Revenue
Procedure 97–44.
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:
5,000.
Estimated Time per Respondent: 20
hrs.
Estimated Total Annual Burden
Hours: 100,000.
(4) Title: Return of Partnership
Income.
OMB Number: 1545–1583.
Form Number: REG–209322–82 (TD
8841 (final)).
Abstract: Section 1.6031(a)–1 requires
partnerships to file a partnership return.
The information in this section is
required to enable the IRS to verify that
a taxpayer is reporting the correct
VerDate Mar<15>2010
18:05 Dec 06, 2012
Jkt 229001
amount of income or gain or claiming
the correct amount of losses,
deductions, or credits from that
taxpayer’s interest I the partnership. The
partnership return is filed on Form
1065.
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, and farms.
The burden is reflected in the burden
estimate of Form 1065.
(5) Title: Section 1503(d) Closing
Agreement Requests.
OMB Number: 1545–1706.
Form Number: Revenue Procedure
2000–42.
Abstract: Revenue Procedure 2000–42
informs taxpayers of the information
they must submit to request a closing
agreement under regulation section
1.1503–2(g)(2)(iv)(B)(i) to prevent the
recapture of dual consolidated losses
upon the occurrence of certain
triggering events.
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:
20.
Estimated Time per Respondent: 100
hours.
Estimated Total Annual Burden
Hours: 2,000.
(6) Title: Credit for New Qualified
Alternative Motor Vehicles (Qualified
Fuel Cell Motor Vehicles).
OMB Number: 1545–2028.
Form Number: Notice 2008–33.
Abstract: This Notice will be used to
determine whether the vehicle for
which the credit is claimed under § 30B
by a taxpayer is property that qualifies
for the credit. The collection of
information is required to obtain a
benefit. The likely respondents are
corporations and partnerships.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB.
PO 00000
Frm 00109
Fmt 4703
Sfmt 9990
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
Households, Businesses and other forprofit organizations.
Estimated Number of Respondents: 5.
Estimated Time per Respondent: 40
hours.
Estimated Total Annual Burden
Hours: 200.
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: December 3, 2012.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2012–29552 Filed 12–6–12; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\07DEN1.SGM
07DEN1
]]>Agencies
[Federal Register Volume 77, Number 236 (Friday, December 7, 2012)]
[Notices]
[Pages 73115-73116]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-29552]
-----------------------------------------------------------------------
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
existing final regulation, FI-43-94 (TD 8649), Regulations Under
Section 1258 of the Internal Revenue Code of 1986; Netting Rule for
Certain Conversion Transactions (Sec. 1.1258-1); final regulation,
REG-252936-96 (TD 8780), Rewards for Information Relating to Violations
of Internal Revenue Laws (section 301.7623-1); Revenue Procedure 98-46
and Revenue Procedure 97-44, LIFO Conformity Requirement; final
regulation, REG-209322-82 (TD 8841), Return of Partnership Income
(Sec. 1.6031(a)-1); Revenue Procedure 2000-42, Section 1503(d) Closing
Agreement Requests; and Notice 2008-33, Credit for New Qualified
Alternative Motor Vehicles (Qualified Fuel Cell Motor Vehicles).
DATES: Written comments should be received on or before February 5,
2013 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: Regulations Under Section 1258 of the Internal Revenue
Code of 1986; Netting Rule for Certain Conversion Transactions (Sec.
1.1258-1).
OMB Number: 1545-1452. Form Number: FI-43-94 (TD 8649--final).
Abstract: Internal Revenue Code section 1258 recharacterizes
capital gains from conversion transactions as ordinary income to the
extent of the time value element. This regulation provides that certain
gains and losses may be netted for purposes of determining the amount
of gain recharacterized. To be eligible for netting relief, the
taxpayer must identify on its books and records all the positions that
are part of the conversion transaction. This must be done before the
close of the day on which the positions become part of the conversion
transaction.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of currently approved collection.
Affected Public: Business or other for-profit organizations, and
not-for-profit institutions.
Estimated Number of Respondents: 50,000.
Estimated Time per Respondent: 6 minutes.
Estimated Total Annual Burden Hours: 5,000.
(2) Title: Rewards for Information Relating to Violations of
Internal Revenue Laws.
OMB Number: 1545-1534.
Form Number: REG-252936-96 (TD 8780--final).
Abstract: The regulations explain the procedure for submitting
information that relates to violations of the internal revenue laws.
The regulations also require a person claiming a reward for information
to provide, in certain circumstances, identification of evidence that
the person is the proper claimant.
[[Page 73116]]
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, businesses or other
for-profit organizations, and not-for-profit institutions.
Estimated Number of Respondents: 10,000.
Estimated Time per Respondent: 3 hrs.
Estimated Total Annual Reporting Burden Hours: 30,000.
(3) Title: LIFO Conformity Requirement.
OMB Number: 1545-1559.
Form Number: Revenue Procedure 98-46 and Revenue Procedure 97-44.
Abstract: Revenue Procedure 97-44 permits automobile dealers that
comply with the terms of the revenue procedure to continue using the
LIFO inventory method despite previous violations of the LIFO
conformity requirements of Internal Revenue Code section 472(c) or
(e)(2). Revenue Procedure 98-46 modified Revenue Procedure 97-44 by
allowing medium-and heavy-duty truck dealers to take advantage of the
favorable relief provided in Revenue Procedure 97-44.
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: 5,000.
Estimated Time per Respondent: 20 hrs.
Estimated Total Annual Burden Hours: 100,000.
(4) Title: Return of Partnership Income.
OMB Number: 1545-1583.
Form Number: REG-209322-82 (TD 8841 (final)).
Abstract: Section 1.6031(a)-1 requires partnerships to file a
partnership return. The information in this section is required to
enable the IRS to verify that a taxpayer is reporting the correct
amount of income or gain or claiming the correct amount of losses,
deductions, or credits from that taxpayer's interest I the partnership.
The partnership return is filed on Form 1065.
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, and
farms.
The burden is reflected in the burden estimate of Form 1065.
(5) Title: Section 1503(d) Closing Agreement Requests.
OMB Number: 1545-1706.
Form Number: Revenue Procedure 2000-42.
Abstract: Revenue Procedure 2000-42 informs taxpayers of the
information they must submit to request a closing agreement under
regulation section 1.1503-2(g)(2)(iv)(B)(i) to prevent the recapture of
dual consolidated losses upon the occurrence of certain triggering
events.
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: 20.
Estimated Time per Respondent: 100 hours.
Estimated Total Annual Burden Hours: 2,000.
(6) Title: Credit for New Qualified Alternative Motor Vehicles
(Qualified Fuel Cell Motor Vehicles).
OMB Number: 1545-2028.
Form Number: Notice 2008-33.
Abstract: This Notice will be used to determine whether the vehicle
for which the credit is claimed under Sec. 30B by a taxpayer is
property that qualifies for the credit. The collection of information
is required to obtain a benefit. The likely respondents are
corporations and partnerships.
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 and Households, Businesses and other
for-profit organizations.
Estimated Number of Respondents: 5.
Estimated Time per Respondent: 40 hours.
Estimated Total Annual Burden Hours: 200.
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: December 3, 2012.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2012-29552 Filed 12-6-12; 8:45 am]
BILLING CODE 4830-01-P
