[Federal Register Volume 71, Number 43 (Monday, March 6, 2006)]
[Notices]
[Pages 11282-11283]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-3117]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

February 28, 2006.
    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, Public Law 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 April 5, 2006 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0132.
    Type of Review: Extension.
    Title: Amended U.S. Corporation Income Tax Return.
    Form: IRS Form 1120X.
    Description: Domestic corporations use Form 1120X to correct a 
previously filed Form 1120 or 1120-A. The data is used to determine if 
the correct tax liability has been reported.
    Respondents: Business or other for-profit; Farms.
    Estimated Total Burden Hours: 300,582 hours.

    OMB Number: 1545-0260.
    Type of Review: Extension.
    Title: Certificate of Payment of Foreign Death Tax.
    Form: IRS Form 706-CE.
    Description: Form 706-CE is used by the executors of estates to 
certify that foreign death taxes have been paid so that the estate may 
claim the foreign death tax credit allowed by IRS section 2014. The 
information is used by IRS to verify that the proper tax credit has 
been claimed.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 3,870 hours.

    OMB Number: 1545-1499.
    Type of Review: Revision.
    Title: Revenue Procedure 2006-10 Acceptance Agents.
    Description: Revenue Procedure 2006-10 describes application 
procedures for becoming an acceptance agent and the requisite agreement 
that an agent must execute with IRS.
    Respondents: Individuals or households; Business or other for-
profit; Not-for-profit institutions; Federal Government; State, Local 
or Tribal Government.
    Estimated Total Burden Hours: 24,960 hours.

    OMB Number: 1545-1536.
    Type of Review: Extension.
    Title: Guidance Regarding Charitable Remainder Trusts and Special 
Valuation Rules for Transfers of Interests in Trusts REG-209823-96 
(Final).
    Description: The recordkeeping requirement in the regulation 
provides taxpayers with an alternative method for complying with 
Congressional intent regarding charitable remainder trusts. The 
recordkeeping alternative may be less burdensome for taxpayers.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 75 hours.

    OMB Number: 1545-1806.
    Type of Review: Extension.

[[Page 11283]]

    Title: Asset Allocation Statement Under 338.
    Form: IRS Form 8883.
    Description: Form 8883 is used to report information regarding 
transactions involving the deemed sale of corporate assets under 
section 338.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 4,929 hours.

    OMB Number: 1545-1831.
    Type of Review: Extension.
    Title: REG-106486-98 (Final) Guidance Regarding the Treatment of 
Certain Contingent Payment Debt Instructions with one or more Payments 
that are Denominated in, or Determined by Reference to, a Nonfunctional 
Currency.
    Description: The IRS needs the information from the holder of 
certain debt instruments in order to alert the agency that the 
computation of interest income/expense by the holder and issuer will 
not be consistent. The respondents will be holders of contingent 
payment debt instruments which require payments to be made in or by 
reference to foreign currency. The respondents will probably be 
investment banks, however, may also include others who hold these debt 
instruments for investments.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 100 hours.

    Clearance Officer: Glenn P. Kirkland, (202) 622-3428, Internal 
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.
    OMB Reviewer: Alexander T. Hunt, (202) 395-7316, Office of 
Management and Budget, Room 10235, New Executive Office Building, 
Washington, DC 20503.

Michael A. Robinson,
Treasury PRA Clearance Officer.
[FR Doc. E6-3117 Filed 3-3-06; 8:45 am]
BILLING CODE 4830-01-P