[Federal Register Volume 76, Number 54 (Monday, March 21, 2011)]
[Notices]
[Pages 15365-15366]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-6501]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
March 16, 2011.
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 this information collection 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 April 20,
2011 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0197.
Type of Review: Revision of a currently approved collection.
Title: Form 5300, Application for Determination for Employee
Benefit Plan, Schedule Q (Form 5300), Elective Determination Requests.
Form: 5300; Schedule Q (Form 5300).
Abstract: IRS needs certain information on the financing and
operating of employee benefit and employee contribution plans set up by
employers. IRS uses Form 5300 to obtain the information needed to
determine whether the plans qualify under Code sections 401(a) and
501(a). Schedule Q provides information related to the manner in which
a plan satisfies certain qualification requirements relating to minimum
participation, coverage, and nondiscrimination.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 9,638,000 hours.
OMB Number: 1545-1119.
Type of Review: Revision of a currently approved collection.
Title: Form 8804--Annual Return for Partnership Withholding Tax
(Section 1446); Schedule A (Form 8804) Penalty; Form 8805--Foreign
Partner's Information Statement of Section 1446 Withholding Tax; Form
8813.
[[Page 15366]]
Form: 8804; Form 8804 Schedule A; 8805; 8813.
Abstract: 1446 Section requires partnerships that are engaged in
the conduct of a trade or business in the United States to pay a
withholding tax equal to the applicable percentage of the effectively
connected taxable income allocable to their foreign partners. The
partnerships use Form 8813 to make payments of withholding tax to the
IRS. They use Forms 8804 and 8805 to make annual reports to provide the
IRS and affected partners with information to assure proper
withholding, crediting to partners' accounts and compliance.
Partnerships that have effectively connected taxable income (ECTI)
allocable to foreign partners use Schedule A (Form 8804) to determine
whether they are subject to the penalty for underpayment of estimated
tax, and, if so, the amount of the underpayment penalty.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 161,025 hours.
OMB Number: 1545-1756.
Type of Review: Extension without change of a currently approved
collection.
Title: Revenue Procedure 2001-56, Demonstration Automobile Use.
Abstract: This revenue procedure provides optional simplified
methods for determining the value of the use of demonstration
automobiles provided to employees by automobile dealerships.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 100,000 hours.
OMB Number: 1545-2097.
Type of Review: Extension without change of a currently approved
collection.
Title: Reg-111583-07(TD 9405) (Final)--Employment Tax Adjustments.
Abstract: This document contains proposed amendments to regulations
relating to employment tax adjustments and employment tax refund
claims. These proposed amendments modify the process for making
interest-free adjustments for both underpayments and overpayments of
Federal Insurance Contributions Act (FICA) and Railroad Retirement Tax
Act (RRTA) taxes and federal income tax withholding (ITW) under
sections 6205(a) and 6413(a), respectively, of the Internal Revenue
Code (Code).
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 15,000,000 hours.
OMB Number: 1545-1896.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 13551--Application to Participate in the IRS Acceptance
Agent Program.
Form: 13551.
Abstract: Form 13551 is used to gather information to determine
applicant's eligibility in the Acceptance Agent Program.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 6,413 hours.
OMB Number: 1545-1640.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-104924-98 (NPRM) Mark to Market Accounting for Dealers
in Commodities and Traders in Securities or Commodities.
Abstract: The collection of information in this proposed regulation
is required by the Internal Revenue Service to determine whether an
exemption from mark-to-market treatment is properly claimed. This
information will be used to make that determination upon audit of
taxpayers' books and records. The likely recordkeepers are businesses
or other for-profit institution.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 1,000 hours.
OMB Number: 1545-2084.
Type of Review: Extension without change of a currently approved
collection.
Title: Foreign Based Importers--Non-Filers.
Abstract: Foreign corporations are subject to tax on income that is
effectively connected with a U.S. trade or business and are required to
file form 1120, 1120-f or 1065 reporting taxable income. The
respondents will be foreign corporations. The information gathered will
be used to determine if the foreign corporation has a U.S. trade or
business and is required to file a U.S. Income Tax return.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 30 hours.
OMB Number: 1545-1931.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-152354-04 (Final) Designated Roth Contributions to Cash
or Deferred Arrangements Under Section 401(k).
Abstract: The final regulations provide guidance concerning the
requirements for designated Roth contributions to qualified cash or
deferred arrangements under section 401(k). The IRS need this
information to insure compliance with section 401(k) and (m) and
section 402A.
Respondents: Private sector: Businesses or other for-profits.
Estimated Total Burden Hours: 157,500 hours.
OMB Number: 1545-2024.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 13818--Limited Pay-ability Claim against the United
States for Proceeds of the Internal Revenue Refund Check
Form: 13818.
Abstract: This form is used by taxpayers for completing a claim
against the United States for the proceeds of an Internal Revenue
refund check.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 4,000 hours.
Bureau Clearance Officer: Yvette Lawrence, Internal Revenue
Service, 1111 Constitution Avenue, NW., Washington, DC 20224; (202)
927-4374.
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. 2011-6501 Filed 3-18-11; 8:45 am]
BILLING CODE 4830-01-P