[Federal Register Volume 75, Number 248 (Tuesday, December 28, 2010)]
[Notices]
[Pages 81713-81715]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-32618]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
December 21, 2010.
The Department of the Treasury will submit the following public
information collection requirement 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 submission
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 January 27,
2011 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1148.
Type of Review: Extension without change to a currently approved
collection.
[[Page 81714]]
Title: EE-113-90 (TD 8324) Final and Temporary regulations Employee
Business Expenses-Reporting and Withholding on Employee Business
Expense Reimbursements and Allowances.
Abstract: These temporary and final regulations provide rules
concerning the taxation of, and reporting and withholding on, employee
business expense reimbursements and other expense allowance
arrangements.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 709,728 hours.
OMB Number: 1545-1746.
Type of Review: Extension without change to a currently approved
collection.
Title: Form 13094--Recommendation for Juvenile Employment with the
Internal Revenue Service.
Form: 13094.
Abstract: The data collected on the form provides the Internal
Revenue Service with a consistent method for making suitability
determination on juveniles for employment within the Service.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 208 hours.
OMB Number: 1545-1352.
Type of Review: Extension without change to a currently approved
collection.
Title: PS-276-76 (Final) Treatment of Gain From Disposition of
Certain Natural Resource Recapture Property.
Abstract: This regulation prescribes rules for determining the tax
treatment of gain from the disposition of natural resource recapture
property in accordance with Internal Revenue Code section 1254. Gain is
treated as ordinary income in an amount equal to the intangible
drilling and development costs and depletion deductions taken with
respect to the property. The information that taxpayers are required to
retain will be used by the IRS to determine whether a taxpayer has
properly characterized gain on the disposition of section 1254
property.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 2,000 hours.
OMB Number: 1545-2038.
Type of Review: Extension without change to a currently approved
collection.
Title: TD F-90-22.1, Report of Foreign Bank and Financial Accounts.
Form: TD F 90-22.1.
Abstract: This information is collected because of its high degree
of usefulness in criminal, tax, or regulatory investigations or
procedures or in the conduct of intelligence or counter intelligence
activities, including analysis, to protect against international
terrorism. Respondents include all United States persons who have a
financial interest in or signature or other authority over foreign
financial accounts with an aggregate value of over $10,000.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 93,921 hours.
OMB Number: 1545-2181.
Type of Review: Extension without change to a currently approved
collection.
Title: REG-120399-10--Affordable Care Act Notice of Patient
Protections.
Abstract: This document contains interim final regulations
implementing the rules for group health plans and health insurance
coverage in the group and individual markets under provisions of the
Affordable Care Act regarding preexisting condition exclusions,
lifetime and annual dollar limits on benefits, rescissions, prohibition
on discrimination in favor of highly compensated individuals, and
patient protections.
Respondents: Private sector: Businesses or other for-profits, Not-
for-profit institutions.
Estimated Total Burden Hours: 33,000 hours.
OMB Number: 1545-2177.
Type of Review: Extension without change to a currently approved
collection.
Title: REG-112841-10--Indoor Tanning Services; Cosmetic Services;
Excise Tax.
Abstract: This document contains final and temporary regulations
that provide guidance on the indoor tanning services excise tax imposed
by the Patient Protection and Affordable Care Act of 2010. These final
and temporary regulations affect persons that use, provide, or pay for
indoor tanning services. The text of the temporary regulations also
serves as the text of the proposed regulations (REG-112841-10) set
forth in the notice of proposed rulemaking on this subject.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 10,000 hours.
OMB Number: 1545-2180.
Type of Review: Extension without change to a currently approved
collection.
Title: REG-120399-10--Affordable Care Act Notice of Rescission.
Abstract: This document contains interim final regulations
implementing the rules for group health plans and health insurance
coverage in the group and individual markets under provisions of the
Affordable Care Act regarding preexisting condition exclusions,
lifetime and annual dollar limits on benefits, rescissions, prohibition
on discrimination in favor of highly compensated individuals, and
patient protections.
Respondents: Private sector: Businesses or other for-profits, Not-
for-profit institutions.
Estimated Total Burden Hours: 25 hours.
OMB Number: 1545-1304.
Type of Review: Extension without change to a currently approved
collection.
Title: INTL-941-86; INTL-656-87; and INTL-704-87 (NPRM) Treatment
of Shareholders of Certain Passive Foreign 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 verify income inclusions, excess distributions and
deferred tax amounts.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 2,500 hours.
OMB Number: 1545-1102.
Type of Review: Extension without change to a currently approved
collection.
Title: PS-19-92 (TD 9420-Final) Carryover Allocations and Other
Rules Relating to the Low-Income Housing Credit.
Abstract: This document contains final regulations that amend the
utility allowances regulations concerning the low-income housing tax
credit. The final regulations update the utility allowance regulations
to provide new options for estimating tenant utility costs. The final
regulations affect owners of low-income housing projects who claim the
credit, the tenants in those low-income housing projects, and the State
and local housing credit agencies that administer the credit.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 4,008 hours.
OMB Number: 1545-1615.
Type of Review: Extension without change to a currently approved
collection.
Title: REG-118926-97 (T.D. 8817 Final) Notice of Certain Transfers
to Foreign Partnerships and Foreign Corporations.
[[Page 81715]]
Abstract: Section 6038B requires U.S. persons to provide certain
information when they transfer certain property to a foreign
partnership or foreign corporation. This regulation provides reporting
rules to identify United States persons who contribute property to
foreign partnerships and to ensure the correct reporting of items with
respect to those partnerships.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-1345.
Type of Review: Extension without change to a currently approved
collection.
Title: CO-99-91 (Final) Limitations on Corporate Net Operating
Loss.
Abstract: This regulation modifies the application of segregation
rules under section 382 in the case of certain issuances of stock by a
loss corporation. This regulation provides that the segregation rules
do not apply to small issuances of stock, as defined, and apply only in
part to certain other issuances of stock for cash.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-2179.
Type of Review: Extension without change to a currently approved
collection.
Title: REG-120399-10--Patient Protection and Affordable Care Act
Enrollment Opportunity Notice Relating to Lifetime Limits.
Abstract: This document contains interim final regulations
implementing the rules for group health plans and health insurance
coverage in the group and individual markets under provisions of the
Affordable Care Act regarding preexisting condition exclusions,
lifetime and annual dollar limits on benefits, rescissions, prohibition
on discrimination in favor of highly compensated individuals, and
patient protections.
Respondents: Private sector: Businesses or other for-profits, Not-
for-profit institutions.
Estimated Total Burden Hours: 1,300 hours.
OMB Number: 1545-1905.
Type of Review: Extension without change to a currently approved
collection.
Title: REG-128767-04 (Final), (TD 9289) Treatment of Disregarded
Entities Under Section 752.
Abstract: Generally, the final regulations recognize that only the
assets of a disregarded entity that limits its member's liability are
available to satisfy creditors' claims under local law. The proposed
regulations provide rules under section 752 for taking into account the
net value of a disregarded entity owned by a partner or related person
for purposes of allocating, partnership liabilities.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 3,000 hours.
OMB Number: 1545-2178.
Type of Review: Extension without change to a currently approved
collection.
Title: REG-118412-10--Interim Final Rules for Group Health Plans
and Health Insurance Coverage Relating to Status as a Grandfathered
Health Plan under the Patient Protection and Affordable Care Act (TD
XXXX).
Abstract: This document contains interim final regulations
implementing the rules for group health plans and health insurance
coverage in the group and individual markets under provisions of the
Patient Protection and Affordable Care Act regarding status as a
grandfathered health plan.
Respondents: Private sector: Businesses or other for-profits, Not-
for-profit institutions.
Estimated Total Burden Hours: 323,000 hours.
Bureau Clearance Officer: Allan Hopkins, Internal Revenue Service,
1111 Constitution Avenue, NW., Washington, DC 20224; (202) 622-6665.
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. 2010-32618 Filed 12-27-10; 8:45 am]
BILLING CODE 4830-01-P