[Federal Register Volume 75, Number 113 (Monday, June 14, 2010)]
[Notices]
[Pages 33669-33670]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-14166]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
June 7, 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 July 14, 2010
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-2036
Type of Review: Extension without change of a currently approved
collection.
Title: Taxation and Reporting of REIT Excess Inclusion Income
(Notice 2006-97).
Abstract: The notice requires certain REITs, RICs, partnerships and
other Pass-Through Entities that have excess inclusion income to
disclose the amount and character of such income allocable to their
record interest owners. The record interest owners need the information
to properly report and pay taxes on such income.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 100 hours.
OMB Number: 1545-0735
Type of Review: Extension without change of a currently approved
collection.
Title: LR-189-80 (T.D. 7927) Final Amortization of Reforestation
Expenditures
Abstract: 26 U.S.C. 194(a) allows taxpayers to elect to amortize
certain reforestation expenditures over a 7-year period if the
expenditures meet certain requirements. The regulations implement this
election provision and allow the Service to determine if the election
is proper and allowable.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 6,001 hours.
[[Page 33670]]
OMB Number: 1545-1219
Type of Review: Revision of a currently approved collection.
Title: Arbitrage Rebate and Penalty in Lieu of Arbitrage Rebate.
Form: 8038-T
Abstract: Form 8038-T is used by issuers of tax exempt bonds to
report and pay the arbitrage rebate and to elect and/or pay various
penalties associated with arbitrage bonds. These issuers include state
and local governments.
Respondents: State, Local, and Tribal Governments.
Estimated Total Burden Hours: 57,900 hours.
OMB Number: 1545-1300
Type of Review: Extension without change of a currently approved
collection.
Title: FI-46-89 (T.D. 8641) (Final) Treatment of Acquisition of
Certain Financial Institutions: Certain Tax Consequences of Federal
Financial Assistance to Financial Institutions.
Abstract: Recipients of Federal financial assistance (FFA) must
maintain an account of FFA that is deferred from inclusion in gross
income and subsequently recaptured. This information is used to
determine the recipient's tax liability. Also, tax not subject to
collection must be reported and information must be provided if certain
elections are made.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 2,200 hours.
OMB Number: 1545-1580
Type of Review: Extension without change of a currently approved
collection.
Title: REG-105885-99 (T.D. 9075) (Final), Compensation Deferred
Under Eligible Deferred Compensation Plans.
Abstract: REG-105885-99 and T.D. 1580 provides guidance regarding
the trust requirements for certain eligible deferred compensation plans
enacted in the Small Business Job Protection Act of 1996.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 10,600 hours.
OMB Number: 1545-0057
Type of Review: Extension without change of a currently approved
collection.
Title: Application for Recognition of Exemption Under Section
501(a).
Form: 1024
Abstract: Organizations seeking exemption from Federal Income tax
under Internal Revenue Code section 501(a) as an organization described
in most paragraphs of section 501(c) must use Form 1024 to apply for
exemption. The information collected is used to determine whether the
organization qualifies for tax-exempt status.
Respondents: Private Sector: Not-for-profit institutions.
Estimated Total Burden Hours: 291,542 hours.
OMB Number: 1545-0962
Type of Review: Extension without change of a currently approved
collection.
Title: Tax Information Security Guidelines for Federal, State, and
Local Agencies.
Abstract: Internal Revenue Code section 6103(p) requires that IRS
provide periodic reports to Congress describing safeguard procedures,
utilized by agencies which receive information from the IRS, to protect
the confidentiality of the information. This section also requires that
these agencies furnish reports to the IRS describing their safeguards.
Respondents: State, Local, and Tribal Governments.
Estimated Total Burden Hours: 204,000 hours.
OMB Number: 1545-2034
Type of Review: Revision of a currently approved collection.
Title: U.S. Partnership Declaration for an IRS e-file Return.
Form: 8453-PE
Abstract: Form 8453-PE, U.S. Partnership Declaration for an IRS e-
file Return, was developed for Modernized e-file for partnerships.
Internal Revenue Code sections 6109 and 6103.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1,660 hours.
OMB Number: 1545-2080
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2010-9.
Abstract: This revenue procedure sets forth procedures for issuing
determination letters and rulings on the exempt status of organizations
under Sec. Sec. 501 and 521 of the Internal Revenue Code other than
those subject to Rev. Proc. 2010-6, 2010-1 I.R.B. 193 (relating to
pension, profit-sharing, stock bonus, annuity, and employee stock
ownership plans). Generally, the Service issues these determination
letters and rulings in response to applications for recognition of
exemption from Federal income tax. These procedures also apply to
revocation or modification of determination letters or rulings.
Respondents: Not-for-profit institutions.
Estimated Total Burden Hours: 200 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. 2010-14166 Filed 6-11-10; 8:45 am]
BILLING CODE 4830-01-P