[Federal Register Volume 75, Number 102 (Thursday, May 27, 2010)]
[Notices]
[Pages 29814-29817]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-12761]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
May 19, 2010.
The Department of the Treasury will submit the following public
information collection requirements to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13 on or
after the date of publication of this notice. A copy of the submissions
may be obtained by calling the Treasury Bureau Clearance Officer
listed. Comments regarding these information collections should be
addressed to the OMB reviewer listed and to the Treasury PRA Clearance
Officer, Department of the Treasury, 1750 Pennsylvania Avenue, NW.,
Suite 11010, Washington, DC 20220.
DATES: Written comments should be received on or before June 28, 2010
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0742.
Type of Review: Extension without change of a currently approved
collection.
Title: EE-111-80 (TD 8019--Final) Public Inspection of Exempt
Organization Return.
Abstract: Section 6104(b) authorizes the Service to make available
to the public the returns required to be filed by exempt organizations.
The information requested in Treasury Reg. section 301.6104(b)-1(b)(4)
is necessary in order for the Service not to disclose confidential
business information furnished by businesses which contribute to exempt
black lung trusts.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 22 hours.
OMB Number: 1545-0768.
Type of Review: Extension without change of a currently approved
collection.
Title: EE-178-78 Final (TD 7898) Employers Qualified Educational
Assistance Programs.
Abstract: Respondents include employers who maintain education
assistance programs for their employees. Information verifies that
programs are qualified and that employees may exclude educational
assistance from their gross incomes.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 615 hours.
OMB Number: 1545-1093.
Type of Review: Extension without change of a currently approved
collection.
Title: IA-56-87 and IA-53-87 Final Minimum Tax-Tax Benefit Rule.
Abstract: Section 58(h) of the 1954 Internal Revenue Code provides
that the Secretary shall provide for adjusting tax preference items
where such items provided no tax benefit for any taxable year. This
regulation provides guidance for situations where tax preference items
provided no tax benefit because of available credits and describes how
to claim a credit or refund of minimum tax paid on such preferences.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 40 hours.
OMB Number: 1545-1271.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-209035-86 (Final) Stock Transfer Rules; REG-208165-91
(Final) Certain Transfers of Stock or Securities by U.S. Persons to
Foreign Corporations and Related Reporting Requirements.
Abstract: A U.S. person must generally file a gain recognition
agreement with the IRS in order to defer gain on a section 367(a)
transfer of stock to a foreign corporation, and must file a notice with
the Service if it realizes any income in a section 367(b) exchange.
These requirements ensure compliance with the respective Code sections.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 2,390 hours.
OMB Number: 1545-1449.
Type of Review: Extension without change of a currently approved
collection.
Title: IA-57-94 (Final) Cash Reporting by Court Clerks.
Abstract: Section 60501(g) imposes a reporting requirement on
criminal court clerks that receive more than $10,000 in cash as bail.
The IRS will use the information to identify individuals with
[[Page 29815]]
large cash incomes. Clerks must also furnish the information to the
United States Attorney for the jurisdiction in which the individual
charged with the crime resides and to each person posting the bond
whose name appears on Form 8300.
Respondents: Federal Government.
Estimated Total Burden Hours: 125 hours.
OMB Number: 1545-1458.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-209835-86 (formerly INTL-933-86) (Final) Computation of
Foreign Taxes Deemed Paid Under Section 902 Pursuant to a Pooling
Mechanism for Undistributed Earnings and Foreign Taxes.
Abstract: These regulations provide rules for computing foreign
taxes deemed paid under section 902. The regulations affect foreign
corporations and their U.S. corporate shareholders.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-1507.
Type of Review: Extension without change of a currently approved
collection.
Title: INTL-656-87 (Final) Treatment of Shareholders of Certain
Passive Investment Companies.
Abstract: The reporting requirements affect U.S. persons that are
direct and indirect shareholders of passive foreign investment
companies (PFICs). The IRS uses Form 8621 to identify PFICs, U.S.
persons that are shareholders and transactions subject to PFIC taxation
and to verify income inclusions, excess distributions and deferred tax
amounts.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 100,000 hours.
OMB Number: 1545-1555.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-115795-97 (Final) General Rules for Making and
Maintaining Qualified Electing Fund Elections.
Abstract: The regulations provide rules for making section 1295
elections and satisfying annual reporting requirements for such
elections, revoking section 1295 elections, and making retroactive
section 1295 elections.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 623 hours.
OMB Number: 1545-1565.
Type of Review: Extension without change of a currently approved
collection.
Title: Notice 97-64 Temporary Regulations To Be Issued Under
Section 1(h) of the Internal Revenue Code (Applying Section 1(h) to
Capital Gain Dividends of RICs and REITs).
Abstract: Notice 97-64 provides notice of forthcoming temporary
regulations that will permit Regulated Investment Companies (RICs) and
Real Estate Investment Trusts (REIT) to distribute multiple classes of
capital gain dividends.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-1590.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-251698-96 (Final) Subchapter S Subsidiaries.
Abstract: The IRS will use the information provided by taxpayers to
determine whether a corporation should be treated as an S corporation,
a C Corporation, or an entity that is disregarded for federal tax
purposes. The collection of information covered in the regulation is
necessary for a taxpayer to obtain, retain, or terminate S corporation
treatment.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 10,110 hours.
OMB Number: 1545-1691.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-120882-97 (Final) Continuity of Interest.
Abstract: Taxpayers who entered into a binding agreement on or
after January 28, 1998 (the effective date of Sec. 1.368-1T), and
before the effective date of the final regulations under Sec. 1.368-
1(e) may request a private letter ruling permitting them to apply Sec.
1.368-1(e) to their transaction. A private letter ruling will not be
issued unless the taxpayer establishes to the satisfaction of the IRS
that there is not a significant risk of different parties to the
transaction taking inconsistent positions, for U.S, tax purposes with
respect to the applicability of Sec. 1.368-1(e) to the transaction.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1,500 hours.
OMB Number: 1545-1726.
Type of Review: Extension without change of a currently approved
collection.
Title: TD 9011--Regulations Governing Practice Before the Internal
Revenue Service.
Abstract: These regulations affect individuals who are eligible to
practice before the Internal Revenue Service. These regulations also
authorize the Director of Practice to act upon applications for
enrollment to practice before the Internal Revenue Service. The
Director of Practice will use certain information to ensure that: (1)
Enrolled agents properly complete continuing education requirements to
obtain renewal; (2) practitioners properly obtain consent of taxpayers
before representing conflicting interests; (3) practitioners do not use
e-commerce to make misleading solicitations.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 50,000 hours.
OMB Number: 1545-1876.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-166012-02 (NPRM) Notional Contracts; Contingent Non-
periodic Payments.
Abstract: The collection of information in the proposed regulations
is in Sec. 1.446-3(g)(6)(vii) of the Income Tax Regulations, requiring
Taxpayers to maintain in their books and records a description of the
method used to determine the projected amount of a contingent payment,
the projected payment schedules, and the adjustments taken into account
under the proposed regulations. The information is required by the IRS
to verify compliance with section 446 of the Internal Revenue Code and
the method of accounting described in Sec. 1.446-3(g)(6).
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 25,500 hours.
OMB Number: 1545-1738.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2001-29, Leveraged Leases.
Abstract: Revenue Procedure 2001-29 sets forth the information and
representations required to be furnished by taxpayers in requests for
an advance ruling that a leveraged lease transaction is, in fact, a
valid lease for federal income tax purposes.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 800 hours.
OMB Number: 1545-2033.
Type of Review: Extension without change of a currently approved
collection.
[[Page 29816]]
Title: Notice 2006-83, Chapter 11 Bankruptcy Cases.
Abstract: The IRS needs bankruptcy estates and individual chapter
11 debtors to allocate post-petition income and tax withholding between
the estate and the debtor. The IRS will use the information in
administering the internal revenue laws. Respondents will be individual
debtors and their bankruptcy estates for chapter 11 cases filed after
October 16, 2005.
Respondents: Individuals or households.
Estimated Total Burden Hours: 1,500 hours.
OMB Number: 1545-1856.
Type of Review: Extension without change of a currently approved
collection.
Title: Consent to Disclosure of Return Information.
Form: 13362.
Abstract: The Consent Form is provided to external applicant that
will allow the Service the ability to conduct tax checks to determine
if an applicant is suitable for employment once they are determined
qualified and within reach to receive an employment offer.
Respondents: Federal Government.
Estimated Total Burden Hours: 7,664 hours.
OMB Number: 1545-0949.
Type of Review: Extension without change of a currently approved
collection.
Title: Application for Special Enrollment Examination.
Form: 2587.
Abstract: This information relates to the determination of the
eligibility of individuals seeking enrollment status to practice before
the Internal Revenue Service.
Respondents: Individuals or households.
Estimated Total Burden Hours: 11,000 hours.
OMB Number: 1545-1379.
Type of Review: Extension without change of a currently approved
collection.
Title: Excise Taxes on Excess Inclusions of REMIC Residual
Interests.
Form: 8831.
Abstract: Form 8831 is used by a real estate mortgage investment
conduit (REMIC) to figure its excise tax liability under Code sections
860E(e)(1), 860E(e)(6), and 860E(e)(7). IRS uses the information to
determine the correct tax liability of the REMIC.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 237 hours.
OMB Number: 1545-1823.
Type of Review: Extension without change of a currently approved
collection.
Title: e-Services Registration TIN Matching--Application and
Screens for TIN Matching Interactive/e-Services Products.
Form: 13350.
Abstract: E-services is a system which will permit the Internal
Revenue Services to electronically communicate with third party users
to support electronic filing and resolve tax administration issues for
practitioners, payers, states, and Department of Education Contractors
Registration is required to authenticate users that plan to access e-
services products. This system is a necessary outgrowth of advanced
information and communication technologies. TIN Matching is one of the
products available through e-Services offered via the Internet and
accessible through the irs.gov Web site.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 3,670,000 hours.
OMB Number: 1545-1863.
Type of Review: Extension without change of a currently approved
collection.
Title: IRS e-file Signature Authorization for Form 1120S.
Form: 8879-S.
Abstract: Form 8879-S authorizes an officer of a corporation and an
electronic return originator (ERO) to use a personal identification
number (PIN) to electronically sign a corporation's electronic income
tax return and, if applicable, Electronic Funds Withdrawal Consent.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 74,181 hours.
OMB Number: 1545-1865.
Type of Review: Extension without change of a currently approved
collection.
Title: Notice 2003-75, Registered Retirement Savings Plans (RRSP)
and Registered Income Funds (RRIF) Information Reporting.
Abstract: This notice announces an alternative, simplified
reporting regime for the owners of certain Canadian Individual
retirement plans that have been subject to reporting on Forms 3520 and
3520-A, and it describes the interim reporting rules that taxpayers
must follow until a new form is available.
Respondents: Individuals or households.
Estimated Total Burden Hours: 1,500,000 hours.
OMB Number: 1545-1864.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 8879-C, IRS e-file Signature Authorization for Form
1120; Form 8879-I, IRS e-file Signature Authorization for Form 1120-F.
Form: 8879-C, 8879-I.
Abstract: Form 8879-C authorizes an officer of a corporation and an
electronic return originator (ERO) to use a personal identification
number (PIN) to electronically sign a corporation's electronic income
tax return and, if applicable, Electronic Funds Withdrawal Consent.
Form 8879-I authorizes a corporate officer and an electronic return
originator (ERO) to use a personal identification number (PIN) to
electronically sign a corporation's electronic income tax return.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 95,986 hours.
OMB Number: 1545-1867.
Type of Review: Extension without change of a currently approved
collection.
Title: S Corporation Declaration and Signature for Electronic
Filing.
Form: 8453-S.
Abstract: Form 8453-S is used to authenticate and authorize
transmittal of an electronic Form 1120S.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 10,530 hours.
OMB Number: 1545-1868.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-116664-01 (TD 9300-final) Guidance to Facilitate
Business Electronic Filing.
Abstract: These regulations remove certain impediments to the
electronic filing of business tax returns and other forms. The
regulations reduce the number of instances in which taxpayers must
attach supporting documents to their tax returns. The regulations also
expand slightly the required content of a statement certain taxpayers
must submit with their returns to justify deductions for charitable
contributions.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 250,000 hours.
OMB Number: 1545-1871.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-122379-02 (TD 9165-final) Regulations Governing Practice
Before the Internal Revenue Service.
[[Page 29817]]
Abstract: These disclosures will ensure that taxpayers are provided
with adequate information regarding the limits of tax shelter advice
that they receive, and also ensure that practitioners properly advise
taxpayers of relevant information with respect to tax shelter opinions.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 13,333 hours.
OMB Number: 1545-2030.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-120509-06 (TD 9465-Final), Determination of Interest
Expense Deduction of Foreign Corporations.
Abstract: This document contains final regulations under section
882(c) of the Internal Revenue Code concerning the determination of the
interest expense deduction of foreign corporations engaged in a trade
or business within the United States. These final regulations conform
the interest expense rules to recent U.S. Income Tax Treaty agreements
and adopt other changes to improve compliance.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 35 hours.
OMB Number: 1545-2032.
Type of Review: Extension without change of a currently approved
collection.
Title: Income Verification Express Service Application and Employee
Delegation Form.
Form: 13803.
Abstract: Form 13803, Income Verification Express Service
Application and Employee Delegation Form, is used to submit the
required information necessary to complete the e-services enrollment
process for IVES users and to identify delegates receiving transcripts
on behalf of the principle account user.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 100 hours.
OMB Number: 1545-2075.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 13614-NR, Nonresident Alien Intake and Interview Sheet.
Form: 13614-NR.
Abstract: The completed form is used by screeners, preparers, or
others involved in the return preparation process to more accurately
complete tax returns of International Students and Scholars. These
persons need assistance having their returns prepared so they can fully
comply with the law.
Respondents: Individuals or households.
Estimated Total Burden Hours: 141,260 hours.
OMB Number: 1545-2077.
Type of Review: Extension without change of a currently approved
collection.
Title: EFTPS Individual Enrollment with Third Party Authorization
Form.
Form: 9783T.
Abstract: The information derived from the Form 9783T will allow
individual taxpayers to authorize a Third Party to pay their federal
taxes on their behalf using the Electronic Federal Tax Payment System
(EFTPS).
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 167 hours.
OMB Number: 1545-1866.
Type of Review: Extension without change of a currently approved
collection.
Title: U.S. Corporation Income Tax Declaration for an IRS e-file
Return.
Form: 8453-C, 8453-I.
Abstract: Form 8453-C is used to enable the electronic filing of
Form 1120. Form 8453-I is used to enable the electronic filing of Form
1120-F.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 28,880 hours.
Bureau Clearance Officer: R. Joseph Durbala, Internal Revenue
Service, 1111 Constitution Avenue, NW., Room 6129, Washington, DC
20224; (202) 622-3634.
OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New
Executive Office Building, Room 10235, Washington, DC 20503; (202) 395-
7873.
Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. 2010-12761 Filed 5-26-10; 8:45 am]
BILLING CODE 4830-01-P