[Federal Register Volume 71, Number 78 (Monday, April 24, 2006)]
[Notices]
[Pages 21091-21092]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-6084]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 18, 2006.
    The Department of the 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 May 24, 
2006 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0957.
    Type of Review: Extension.
    Title: Request for Waiver from Filling Information Returns 
Electronically/Magnetically (Forms W-2, W-2G, 1042-1098 Series, 1099 
Series, 5498 Series, and 8027.
    Form: IRS F-8508.
    Description: Certain filers of information returns are required by 
law to file on magnetic media. In some instances, waivers from this 
requirement are necessary and justified. Form 8508 is submitted by the 
filer and provides information on which IRS will base its waiver 
determination.
    Respondents: Business or other for-profit; Not-for-profit 
institutions; Farms; Federal Government; State, Local or Tribal 
Government.
    Estimated Total Burden Hours: 750 hours.

    OMB Number: 1545-1233.
    Type of Review: Extension.
    Title: Adjusted Current Earnings (IA-14-91) (Final).
    Description: This regulation affects business and other for-profit 
institutions. This information is required by the IRS to ensure the 
proper application of section 1.56(g)-1 of the regulation. It will be 
used to verify that taxpayers have properly elected the benefits of 
section 1.56(g)-1(r) of the regulation.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 1,000 hours.

    OMB Number: 1545-1810.
    Type of Review: Extension.
    Title: Credit for Small Employer Pension Plan Startup Costs.
    Form: IRS F-8881.
    Description: Qualified small employers use Form 8881 to request a 
credit for start up costs related to eligible retirement plans. Form 
8881 implements section 45E, which provides a credit based on costs 
incurred by an employer in establishing or administering an eligible 
employer plan or for the retirement-related education of employees with 
respect to the plan. The credit is 50% of the qualified costs for the 
tax year, up to a maximum credit of $500 for the first tax year and 
each of the two subsequent tax years.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 526,670 hours.
    OMB Number: 1545-1815.
    Type of Review: Extension.
    Title: Coverdell ESA Contribution Information.
    Form: IRS F-5498-ESA.
    Description: Form 5498-ESA is used by trustees and issuers of 
Coverdell Education Savings accounts to report contributions made to 
these accounts to beneficiaries.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 18,000 hours.

    OMB Number: 1545-1824.
    Type of Review: Extension.
    Title: REG-139768-02 (Final) Excise Tax Relating to Structured 
Settlement Factoring Transactions.
    Description: The regulations provide rules relating to the manner 
and method of reporting and paying the 40 percent excise tax imposed by 
section 5891 of the Internal Revenue Code with respect to acquiring of 
structured payment rights.
    Respondents: Individuals or households and Business or other for-
profit.
    Estimated Total Burden Hours: 2 hours.
    OMB Number: 1545-1980.
    Type of Review: Extension.
    Title: Notice 2006-01, Charitable Contributions of Certain Motor 
Vehicles, Boats and Airplanes. Reporting Requirements under 
170(f)(12)(D).
    Description: Charitable organizations are required to send an 
acknowledgment of car donations to the donor and to the

[[Page 21092]]

Service. The purpose of this is to prevent donors from taking 
inappropriate deductions.
    Respondents: Individuals or households and Not-for-profit 
institutions.
    Estimated Total Burden Hours: 21,500 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.

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E6-6084 Filed 4-21-06; 8:45 am]
BILLING CODE 4830-01-P