[Federal Register Volume 76, Number 10 (Friday, January 14, 2011)]
[Notices]
[Pages 2751-2752]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-810]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
January 10, 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 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 February 14,
2011 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1623.
Type of Review: Extension without change to a currently approved
collection.
Title: REG-246256-96 (Final) Excise Taxes on Excess Benefit
Transactions
[[Page 2752]]
Abstract: The rule affects organizations described in Internal
Revenue Code section 501(c)(3) and (4) applicable tax-exempt
organizations). The collection of information entails obtaining and
relying on appropriate comparability data and documenting the basis of
an organization's determination that compensation is reasonable, or a
property transfer (or transfer of the right to use property) is at fair
market value. These actions comprise two of the requirements specified
in the legislative history for obtaining the rebuttable presumption of
reasonableness.
Respondents: Private Sector: Not-for-profit institutions.
Estimated Total Burden Hours: 910,083 hours.
OMB Number: 1545-2182.
Type of Review: Extension without change to a currently approved
collection.
Title: REG-125592-10, Affordable Care Act Internal Claims and
Appeals and External review Disclosures.
Abstract: Section 2719 of the Public Health Service Act,
incorporated into Code section 9815 by section 1563(f) of the Patient
Protection and Affordable Care Act, Public Law 111-148, requires group
health plans and issuers of group health insurance coverage, in
connection with internal appeals of claims denials, to provide
claimants free of charge with any evidence relied upon in deciding the
appeal that was not relied on in making the initial denial of the
claim. This is a third party disclosure requirement. Individuals
appealing a denial of a claim should be able to respond to any new
evidence the plan or issuer relies on in the appeal, and this
disclosure requirement is essential so that the claimant knows of the
new evidence.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 150 hours.
OMB Number: 1545-1010.
Type of Review: Extension without change to a currently approved
collection.
Title: U.S. Income Tax Return for Regulated Investment Companies.
Form: 1120-RIC.
Abstract: Form 1120-RIC is filed by a domestic corporation electing
to be taxed as a RIC in order to report its income and deductions and
to compute its tax liability. IRC uses Form 1120-RIC to determine
whether the RIC has correctly reported its income, deductions, and tax
liability.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 369,021 hours.
OMB Number: 1545-1186.
Type of Review: Extension without change to a currently approved
collection.
Title: Form 8825--Rental Real Estate Income and Expense of a
Partnership or an S Corporation.
Form: 8825.
Abstract: Form 8825 is used to verify that partnerships and S
corporations have correctly reported their income and expenses from
rental real estate property. The form is filed with either Form 1065 or
Form 1120S.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 6,288,600 hours.
OMB Number: 1545-0971.
Type of Review: Extension without change to a currently approved
collection.
Title: Estimated Income Tax for Estates and Trusts.
Form: 1041-ES, 1041-ES (PR).
Abstract: Internal Revenue Code section 6654(1) imposes a penalty
on trusts, and in certain circumstances, a decedent's estate, for
underpayment of estimated tax. Form 1041-ES is used by the fiduciary to
make the estimated tax payments. For ``first-time'' filers, the form is
available in an Over The Counter (OTC) version at IRS offices. For
previous filers, the form is sent to them by the IRS with preprinted
vouchers in the Optical Character Resolution (OCR) version.
Respondents: Private Sector: Businesses or other for-profits.
Estimated Total Burden Hours: 3,161,236 hours.
OMB Number: 1545-0056.
Type of Review: Extension without change to a currently approved
collection.
Title: Form 1023, Application for Recognition of Exemption Under
Section 501(c)(3) of the Internal Revenue Code.
Abstract: Form 1023 is filed by applicants seeking Federal income
tax exemption as organization described in section 501(c)(3). IRS uses
the information to determine if the applicant is exempt and whether the
applicant is a private foundation.
Form: 1023.
Respondents: Private Sector: Not-for-profit institutions.
Estimated Total Burden Hours: 3,138,550 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. 2011-810 Filed 1-13-11; 8:45 am]
BILLING CODE 4830-01-P