[Federal Register Volume 71, Number 200 (Tuesday, October 17, 2006)]
[Notices]
[Page 61140]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-17163]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

October 11, 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 16, 
2006 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0938.
    Type of Review: Extension.
    Title: Interest Charge Domestic International Sales Corporation 
Return.
    Forms: 1120 IC-DISC.
    Description: U.S. Corporations that have elected to be an interest 
charge domestic international sales corporation (IC-DISC) file Form 
1120 IC-DISC to report their income and deductions. The IC-DISC is not 
taxed, but IC-DISC shareholders are taxed on their share of IC-DISC 
income. IRS uses Form 1120-IC-DISC to check the IC-DISC's computation 
of income. Schedule K (Form 1120-IC-DISC) is used to report income to 
shareholders; Schedule P (Form 1120-IC-DISC) is used by the IC-DISC to 
report its dealing with related suppliers, etc.
    Respondents: Businesses and for-profit institutions.
    Estimated Total Burden Hours: 229,676 hours.

    OMB Number: 1545-2018.
    Type of Review: Extension.
    Title: Revenue Procedure 2006-XX, Revocation of Election filed 
under I.R.C. 83(b).
    Description: This revenue procedure sets forth the procedures to be 
followed by individuals who wish to request permission to revoke the 
election they made under section 83(b).
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 400 hours.

    OMB Number: 1545-2015.
    Type of Review: Extension.
    Title: Tax Exempt Hospitals Compliance Check Questionnaire.
    Description: A form to solicit information pertaining to the 
operations of tax exempt hospitals. Respondents will include hospitals 
claiming exemption from Federal income tax under section 501(c)(3) of 
the Internal Revenue Code.
    Respondents: Not-for-profit institutions.
    Estimated Total Burden Hours: 6,540 hours.

    OMB Number: 1545-0115.
    Type of Review: Extension.
    Title: Miscellaneous Income.
    Form: 1099-MISC.
    Description: Form 1099-MISC is used by payers to report payments of 
$600 or more of rents, prizes and awards, medical and health care 
payments, non-employee compensation, and crop insurance proceeds, $10 
or more of royalties, any amount of fishing boat proceeds, certain 
substitute payments, golden parachute payments, and an indication of 
direct sales of $5,000 or more.
    Respondents: Business or other for profit institutions.
    Estimated Total Burden Hours: 1,513 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. E6-17163 Filed 10-16-06; 8:45 am]
BILLING CODE 4830-01-P