[Federal Register Volume 71, Number 191 (Tuesday, October 3, 2006)]
[Notices]
[Page 58470]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-16255]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

September 27, 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 November 2, 
2006 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1181.
    Type of Review: Extension.
    Title: Required Payment or Refund Under Section 7519.
    Forms: 8752.
    Description: This form is used to verify that partnerships and S 
corporations that have made a section 444 election have correctly 
reported the payment required under section 7519.
    Respondents: Business or other for profit institutions.
    Estimated Total Burden Hours: 565,920 hours.
    OMB Number: 1545-2017.
    Type of Review: Extension.
    Title: Notice 2006-46 Announcement of Rules to be included in Final 
Regulations under Section 897(d) and (e) of the Internal Revenue Code.
    Description: Final regulations were issued on January 23, 2006 
permitting transactions effected under the statute of a foreign 
jurisdiction or a U.S. possession to qualify as a statutory merger or 
consolidation for purposes of section 368(a)(1)(A). The filing 
requirements require the corporate transferor notify the IRS of the 
transfer. The information provided will be used on audit by revenue 
agents to verify that the transferor qualified for nonrecognition and 
that the transferee will be subject to tax of a subsequent disposition 
of the transferred USRPI.
    Respondents: Business or other for profit institutions.
    Estimated Total Burden Hours: 500 hours.
    OMB Number: 1545-0390.
    Type of Review: Extension.
    Title: Application for Approval of Prototype or Employer Sponsored 
Individual Retirement Account.
    Forms: 5306.
    Description: This application is used by employers who want to 
establish an individual retirement account trust to be used by their 
employees. The application is also used by persons who want to 
establish approved prototype individual retirement accounts or 
annuities. The data collected is used to determine if plans may be 
approved.
    Respondents: Business or other for profit institutions.
    Estimated Total Burden Hours: 7,878 hours.
    OMB Number: 1545-0390.
    Type of Review: Extension.
    Title: Application for Approval of Prototype or Employer Sponsored 
Individual Retirement Account.
    Forms: 5306.
    Description: This application is used by employers who want to 
establish an individual retirement account trust to be used by their 
employees. The application is also used by persons who want to 
establish approved prototype individual retirement accounts or 
annuities. The data collected is used to determine if plans may be 
approved.
    Respondents: Business or other for profit institutions.
    Estimated Total Burden Hours: 7,878 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. E6-16255 Filed 10-2-06; 8:45 am]
BILLING CODE 4830-01-P