Proposed Collection; Comment Request for Forms 1120-L and SCHM-3, 61448-61449 [2013-24257]

Download as PDF 61448 Federal Register / Vol. 78, No. 192 / Thursday, October 3, 2013 / Notices FOR FURTHER INFORMATION CONTACT: As described by the applicant the intended service of the vessel SEA MISS is: INTENDED COMMERCIAL USE OF VESSEL: Charter, kids sport fishing, sight seeing. GEOGRAPHIC REGION: ‘‘California’’ The complete application is given in DOT docket MARAD–2013–0111 at https://www.regulations.gov. Interested parties may comment on the effect this action may have on U.S. vessel builders or businesses in the U.S. that use U.S.flag vessels. If MARAD determines, in accordance with 46 U.S.C. 12121 and MARAD’s regulations at 46 CFR Part 388, that the issuance of the waiver will have an unduly adverse effect on a U.S.vessel builder or a business that uses U.S.-flag vessels in that business, a waiver will not be granted. Comments should refer to the docket number of this notice and the vessel name in order for MARAD to properly consider the comments. Comments should also state the commenter’s interest in the waiver application, and address the waiver criteria given in § 388.4 of MARAD’s regulations at 46 CFR Part 388. SUPPLEMENTARY INFORMATION: Privacy Act Anyone is able to search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). You may review DOT’s complete Privacy Act Statement in the Federal Register published on April 11, 2000 (Volume 65, Number 70; Pages 19477–78). By Order of the Maritime Administrator. Dated: September 24, 2013. Julie P. Agarwal, Secretary, Maritime Administration. [FR Doc. 2013–23737 Filed 10–2–13; 8:45 am] BILLING CODE 4910–81–P tkelley on DSK3SPTVN1PROD with NOTICES DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8834 Internal Revenue Service (IRS), Treasury. AGENCY: VerDate Mar<15>2010 19:31 Oct 02, 2013 Jkt 232001 Notice and request for comments. ACTION: Linda Williams, U.S. Department of Transportation, Maritime Administration, 1200 New Jersey Avenue SE., Room W23–453, Washington, DC 20590. Telephone 202– 366–0903, Email Linda.Williams@ dot.gov. 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 8834, Qualified Electric Vehicle Credit. DATES: Written comments should be received on or before December 2, 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. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Kerry Dennis at Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at Kerry.Dennis@irs.gov. SUPPLEMENTARY INFORMATION: Title: Qualified Electric Vehicle Credit. OMB Number: 1545–1374. Form Number: Form 8834. Abstract: Form 8834 is used to claim any qualified electric vehicle passive activity credit allowed for the current tax year. The IRS uses the information on the form to determine that the credit is allowable and has been properly computed. Current Actions: There are changes being made to the form. The changes to the form are a result of the expiration of the qualified plugin electric vehicle credit for vehicles acquired after 2011 (IRC 30(f)). As a result of the expiration, Form 8834 is only used to claim any qualified electric vehicle passive activity credit allowed for the current tax year. Changes to the form will decrease burden by 16,495 hours (31,517 to 15,022 hours). The department has increased its estimate of the annual number of responses by 2,636 (from 500 to 3,136). This will increase burden by 26,492 hours. The combined effect of these changes will have an overall hourly increase of burden to 9,997 (from 5,025 to 15,022 hours). Type of Review: Revision of a currently approved collection. Affected Public: Individuals or households and businesses or other forprofit organizations. Estimated Number of Respondents: 3,136. SUMMARY: PO 00000 Frm 00128 Fmt 4703 Sfmt 4703 Estimated Time per Respondent: 4 hours, 47 minutes. Estimated Total Annual Burden Hours: 15,022. 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: September 25, 2013. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. 2013–24260 Filed 10–2–13; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Forms 1120–L and SCH M–3 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 SUMMARY: E:\FR\FM\03OCN1.SGM 03OCN1 Federal Register / Vol. 78, No. 192 / Thursday, October 3, 2013 / Notices tkelley on DSK3SPTVN1PROD with NOTICES and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments concerning Form 1120–L, U.S. Life Insurance Company Income Tax Return, and 1120–L SCH M–3, Net Income (Loss) Reconciliation for U.S. Life Insurance Companies With Total Assets of $10 Million or More. DATES: Written comments should be received on or before December 2, 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. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Kerry Dennis, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at Kerry.Dennis@irs.gov. SUPPLEMENTARY INFORMATION: Title: U.S. Life Insurance Company Income Tax Return and Net Income (Loss) Reconciliation for U.S. Life Insurance Companies With Total Assets of $10 Million or More. OMB Number: 1545–0128. Form Number: 1120–L and SCH M–3. Abstract: Life insurance companies are required to file an annual return of income (Form 1120 L) to report the income, gains, losses, deductions, credits, and to figure the income tax liability of life insurance companies. VerDate Mar<15>2010 18:29 Oct 02, 2013 Jkt 232001 Schedule M–3 Part I, asks certain questions about the corporation’s financial statements and reconciles financial statement net income (loss) for the corporation (or consolidated financial statement group, if applicable), to net income (loss) of the corporation for U.S. taxable income purposes. Schedule M–3, Parts II and III, reconcile financial statement net income (loss) for the U.S. corporation (or consolidated tax group, if applicable), as reported on Schedule M–3, Part I, to taxable income on Form 1120–L. For life insurance companies that prepare an annual statement, financial statement net income (loss) is to be reported on the statutory basis on Schedule M–3, Part I. The data is used to insure that the companies have correctly reported taxable income and paid the correct tax. Current Actions: There are no changes being made to the forms at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 4,440. Estimated Time per Respondent: 280 hours, 43 minutes. Estimated Total Annual Burden Hours: 644,738. 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 PO 00000 Frm 00129 Fmt 4703 Sfmt 9990 61449 displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: September 18, 2013. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. 2013–24257 Filed 10–2–13; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\03OCN1.SGM 03OCN1

Agencies

[Federal Register Volume 78, Number 192 (Thursday, October 3, 2013)]
[Notices]
[Pages 61448-61449]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-24257]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Forms 1120-L and SCH M-3

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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

[[Page 61449]]

and/or continuing information collections, as required by the Paperwork 
Reduction Act of 1995. Currently, the IRS is soliciting comments 
concerning Form 1120-L, U.S. Life Insurance Company Income Tax Return, 
and 1120-L SCH M-3, Net Income (Loss) Reconciliation for U.S. Life 
Insurance Companies With Total Assets of $10 Million or More.

DATES: Written comments should be received on or before December 2, 
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.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Kerry Dennis, 
at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at Kerry.Dennis@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: U.S. Life Insurance Company Income Tax Return and Net Income 
(Loss) Reconciliation for U.S. Life Insurance Companies With Total 
Assets of $10 Million or More.
    OMB Number: 1545-0128.
    Form Number: 1120-L and SCH M-3.
    Abstract: Life insurance companies are required to file an annual 
return of income (Form 1120 L) to report the income, gains, losses, 
deductions, credits, and to figure the income tax liability of life 
insurance companies. Schedule M-3 Part I, asks certain questions about 
the corporation's financial statements and reconciles financial 
statement net income (loss) for the corporation (or consolidated 
financial statement group, if applicable), to net income (loss) of the 
corporation for U.S. taxable income purposes. Schedule M-3, Parts II 
and III, reconcile financial statement net income (loss) for the U.S. 
corporation (or consolidated tax group, if applicable), as reported on 
Schedule M-3, Part I, to taxable income on Form 1120-L. For life 
insurance companies that prepare an annual statement, financial 
statement net income (loss) is to be reported on the statutory basis on 
Schedule M-3, Part I.
    The data is used to insure that the companies have correctly 
reported taxable income and paid the correct tax.
    Current Actions: There are no changes being made to the forms at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 4,440.
    Estimated Time per Respondent: 280 hours, 43 minutes.
    Estimated Total Annual Burden Hours: 644,738.
    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: September 18, 2013.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2013-24257 Filed 10-2-13; 8:45 am]
BILLING CODE 4830-01-P
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