[Federal Register Volume 69, Number 215 (Monday, November 8, 2004)]
[Notices]
[Pages 64812-64813]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-24837]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

October 26, 2004.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Pub. L. 104-13. Copies of 
the submission(s) 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 Department Clearance Officer, Department of the Treasury, Room 
11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before December 8, 
2004 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1083.
    Regulation Project Number: INTL-399-88 Final.
    Type of Review: Extension.
    Title: Treatment of Dual Consolidated Losses.
    Description: Section 1503(d) denies use of the losses of one 
domestic corporation by another affiliated domestic corporation where 
the loss corporation is also subject to the income tax of another 
country. The regulation allows an affiliate to make use of the loss if 
the loss has not been used in the foreign group to take the loss into 
income upon future use of the loss in the foreign country. The 
regulation also requires separate accounting for a dual consolidated 
loss where the dual resident corporation files a consolidated return.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 500.
    Estimated Burden Hours Respondent: 3 hours, 14 minutes.
    Frequency of response: Annually.
    Estimated Total Reporting Burden: 1,620 hours.
    OMB Number: 1545-1318.
    Regulation Project Number: REG-209545-92 NPRM.
    Type of Review: Extension.
    Title: Earning and Profits of Foreign Corporations.
    Description: Application of the proposed regulations may result in 
accounting method changes which ordinarily require the filing of Form 
3115. However, the proposed regulations waive this filing requirement 
if certain conditions are met, with the net result that no burdens are 
imposed.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 1.
    Estimated Burden Hours Respondent: 1 hour.
    Frequency of response: On occasion.
    Estimated Total Reporting Burden: 1 hour.

    OMB Number: 1545-1339.
    Regulation Project Number: IA-33-92 Final.
    Type of Review: Extension.
    Title: Information Reporting for Reimbursements of Interest on 
Qualified Mortgages.
    Description: To encourage compliance with the tax laws relating to 
the mortgage interest deduction, the regulations require the reporting 
on form 1098 of reimbursements of interest overcharged in a prior year. 
Only businesses that receive mortgage interest in the course of that 
business are affected by this reporting requirement.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 1.
    Estimated Burden Hours Respondent/Recordkeeper: 1 hour.
    Frequency of response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 1 hour.

    OMB Number: 1545-1360.
    Regulation Project Number: PS-102-88 Final.
    Type of Review: Extension.
    Title: Income, Gift and Estate Tax.
    Description: The regulation provides guidance to individuals or 
fiduciaries: (1) For making a qualified domestic trust election of the 
estate return of a decedent whose surviving spouse is not a United 
States citizen in order that the estate may obtain the marital 
deduction, and (2) for filing the annual returns that such an election 
may require.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 2,300.
    Estimated Burden Hours Respondent: 2 hours, 40 minutes.
    Frequency of response: Annually.
    Estimated Total Reporting Burden: 6,150 hours.

    OMB Number: 1545-1378.
    Regulation Project Number: PS-4-89 Final.
    Type of Review: Extension.
    Title: Disposition of an Interest in a Nuclear Power Plant.
    Description: The regulations require that certain information be 
submitted as part of a request for a schedule of ruling amounts. The 
regulations also require certain taxpayers to file a request for a 
revised schedule of ruling amounts.
    Respondents: Business or other for-profit .
    Estimated Number of Respondents: 70.
    Estimated Burden Hours Respondent: 8 hours, 13 minutes.
    Frequency of response: On occasion.
    Estimated Total Reporting Burden: 575 hours.

    OMB Number: 1545-1464.
    Regulation Project Number: IA-44-94 Final.
    Type of Review: Extension.
    Title: Deductibility, Substantiation, and Disclosure of Certain 
Charitable Contributions.
    Description: The regulation provides guidance regarding the 
allowance of certain charitable contribution deductions, the 
substantiation requirements for charitable contributions of $250 or 
more, and the disclosure requirements for quid pro quo contributions of 
$75 or more. These regulations will affect donee organizations and 
individuals and entities that make payments to donee organizations.
    Respondents: Individuals or households, Business or other for-
profit, Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 1,750,000.
    Estimated Burden Hours Respondent/Recordkeeper: 1 hour, 8 minutes.
    Frequency of response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 1,975,000 hours.

    OMB Number: 1545-1774.
    Regulation Project Numbers: REG-135898-04 NPRM and Temporary; REG-
152524-02 NPRM and Temporary; REG-123305-02 (formerly REG-102305-02) 
NPRM and Temporary; and REG-102740-02 NPRM and Temporary.
    Type of Review: Extension.
    Title: REG-135898-04 NPRM and Temporary Regulations: Extension of 
Time to Elect Method for Determining Allowable Loss; REG-152524-02 NPRM 
and Temporary Regulations: Guidance under Section 1502; Amendment of 
Waiver of Loss Carryovers from Separate Return Limitation Years; REG-
123305-

[[Page 64813]]

02 (formerly REG-102305-02) NPRM and Temporary Regulations; and REG-
102740-02 NPRM and Temporary Regulations: Loss Limitation Rules.
    Description: The information is necessary to allow the taxpayer to 
make certain elections to determine the amount of allowable loss under 
Sec.  1.337(d)-2T, Sec.  1.1502-20 as currently in effect or under 
Sec.  1.1502-20 as modified; to allow the taxpayer to waive loss 
carryovers up to the amount of the Sec.  1.1502-20(g) election; and to 
ensure that loss is not disallowed under Sec.  1.337(d)-2T and basis is 
not reduced under Sec.  1.337(d)-2T to the extent the taxpayer 
establishes that the loss or basis is not attributable to the 
recognition of built in gain on the disposition of an asset. With 
respect to Sec.  1.1502-20T, the information also is necessary to allow 
the common parent of the selling group to reapportion a separate, 
subgroup or consolidated section 382 limitation when the acquiring 
group amends its Sec.  1.1502-32(b)(4) election. Furthermore, regarding 
Sec.  1.1502-32(b)(4), the information also is necessary to allow the 
taxpayer that acquired a subsidiary of a consolidated group to amend 
its election under Sec.  1.1502-32(b)(4), so that the acquiring group 
can use the acquired subsidiary's losses to offset its income. The 
information also is necessary to allow the taxpayer to make certain 
elections to determine the amount of allowable loss pursuant to a new 
due date, and to amend or revoke certain prior elections to determine 
the amount of allowable loss.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 18,360.
    Estimated Burden Hours Respondent: 2 hours.
    Frequency of response: Other (once per transaction).
    Estimated Total Reporting Burden: 36,720 hours.

    OMB Number: 1545-1891.
    Form Number: IRS Forms 13560 and 13561.
    Type of Review: Extension.
    Title: Form 13560: HCTC Health Plan Administrator (HPA) Return of 
Funds Form; and Form 13561: HCTC Health Plan Administrators Operations 
Guide.
    Description: Form 13560 is completed by Health Plan Administrators 
(HPAs) and accompanies a return of funds in order to ensure proper 
handling. This form serves as supporting documentation for any funds 
returned by an HPA and clarifies where the payment should be applied 
and why it is being sent. Form 13561 will be provided in the HCTC 
(Health Coverage Tax Credit) Health Plan Administrator Operations 
Guide. Form 13561 is an evaluation form intended to gather feedback 
from HPAs on the quality of the HCTC HPA Registration and Operations 
Guides.
    Respondents: Business or other for-profit, Federal Government, 
State, Local or Tribal Government.
    Estimated Number of Respondents: 200.
    Estimated Burden Hours Respondent: 15 minutes.
    Frequency of response: On occasion.
    Estimated Total Reporting Burden: 50 hours.
    Clearance Officer: R. Joseph Durbala, (202) 622-3634, Internal 
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.
    OMB Reviewer: Joseph F. Lackey, Jr., (202) 395-7316, Office of 
Management and Budget, Room 10235, New Executive Office 
Building,Washington, DC 20503.

Lois K. Holland,
Treasury PRA Clearance Officer.
[FR Doc. 04-24837 Filed 11-5-04; 8:45 am]
BILLING CODE 4830-01-P