[Federal Register Volume 71, Number 94 (Tuesday, May 16, 2006)]
[Notices]
[Pages 28416-28417]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-7389]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

May 9, 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,

[[Page 28417]]

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 June 15, 
2006 to be assured of consideration.
    Internal Revenue Service (IRS)
    OMB Number: 1545-1996.
    Type of Review: Extension.
    Title: Notice 2006-05, Waiver for Reasonable Cause for Failure to 
Report Loan Origination Fees and Capitalized Interest.
    Description: This Notice provides information to payees who receive 
payment of interest on qualified education loans who are unable to 
comply with the information reporting requirements under section 6050S 
of the Internal Revenue Code.
    Respondents: Business or other for profit; Not-for-profit 
institutions; and Federal Government.
    Estimated Total Burden Hours: 5,000 hours.

    OMB Number: 1545-1504.
    Type of Review: Extension.
    Title: Application for Taxpayer Assistance Order (ATAO).
    Form: IRS 911.
    Description: This form is used by taxpayers to apply for relief 
from a significant hardship which may have already occurred or is about 
to occur if the IRS takes or fails to take certain actions. This form 
is submitted to the IRS Taxpayer Advocate Office in the state or city 
where the taxpayer lives.
    Respondents: Individuals or households; Business or other for 
profit; Not-for-profit institutions; Farms; and State, Local or Tribal 
Government.
    Estimated Total Burden Hours: 46,500 hours.

    OMB Number: 1545-1828.
    Type of Review: Extension.
    Title: REG-131478-02 (Final) Guidance Under Section 1502; 
Suspension of Losses on Certain Stock Disposition.
    Description: The information in Sec.  1.1502-35T(c) is necessary to 
ensure that a consolidated group does not obtain more than one tax 
benefit from both the utilization of a loss from the disposition of 
stock and the utilization of a loss or deduction with respect to 
another asset that reflects the same economic loss; to allow the 
taxpayer to make an election under Sec.  1.1502-35T(c)(5) that would 
benefit the taxpayer, the election in Sec.  1.1502-35T(f) provides 
taxpayers the choice in the case of a worthless subsidiary to utilize a 
worthless stock deduction or absorb the subsidiary's losses; and Sec.  
1.1502-35T(g)(3) applies to ensure that taxpayers do not circumvent the 
loss suspension rule of Sec.  1.1502-35T(c) by deconsolidating a 
subsidiary and then re-importing to the group losses of such 
subsidiary.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 15,000 hours.

    OMB Number: 1545-1982.
    Type of Review: Extension.
    Title: Distilled Spirits Credit.
    Form: IRS 8906.
    Description: Form 8906, Distilled Spirits Credit, was developed to 
carry out the provisions of IRC section 5011(a). This section allows 
eligible wholesalers and persons subject to IRC section 5055 an income 
tax credit for the average cost of carrying excise tax on bottled 
distilled spirits. The new form provides a means for the eligible 
taxpayer to compute the amount of credit.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 588 hours.
    Clearance Officer: Glenn P. Kirkland, Internal Revenue Service, 
Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. (202) 
622-3428.
    OMB Reviewer: Alexander T. Hunt, Office of Management and Budget, 
Room 10235, New Executive Office Building, Washington, DC 20503. (202) 
395-7316.

Michael A. Robinson,
Treasury PRA Clearance Officer.
 [FR Doc. E6-7389 Filed 5-15-06; 8:45 am]
BILLING CODE 4830-01-P