[Federal Register Volume 71, Number 235 (Thursday, December 7, 2006)]
[Notices]
[Page 71027]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-20769]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

December 1, 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 January 8, 
2007 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1550.
    Type of Review: Extension.
    Title: Notice 97-45, Highly Compensated Employee Definition.
    Description: This notice provides guidance on the definition of a 
highly compensated employee within the meaning of section 414(q) of the 
Internal Revenue Code as simplified by section 1431 of the Small 
Business Job Protection Act of 1996, including an employer's option to 
make a top-paid group election under section 414(q)(1)(B)(ii).
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 65,605 hours.

    OMB Number: 1545-1849.
    Type of Review: Extension.
    Title: Employer/Payer Information.
    Form: 13460.
    Description: Form 13460 is used to assist filer's who have under-
reporter or correction issues. Also, this form expedites research of 
filer's problems.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 50 hours.

    OMB Number: 1545-0002.
    Title: Employee Representative's Quarterly Railroad Tax Return.
    Type of Review: Extension.
    Form: CT-2.
    Description: Employee representatives file Form CT-2 quarterly to 
report compensation on which railroad retirement taxes are due. IRS 
uses this information to ensure that employee representatives have paid 
the correct tax. Form CT-2 also transmits the tax payment.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 127 hours

    OMB Number: 1545-1858.
    Title: Notice 2003-67, Notice on Information Reporting for Payments 
in Lieu of Dividends.
    Type of Review: Extension.
    Description: This notice provides guidance to brokers and 
individuals regarding provisions in the Jobs and Growth Tax Relief 
Reconciliation Act of 2003. The notice provides rules for brokers to 
use in determining loanable shares and rules for allocating transferred 
shares for purposes of determining payments in lieu of dividend 
reportable to individuals. These rules require brokers to comply with 
certain recordkeeping requirements to use the favorable rules for 
determining loanable shares and for allocating transferred shares that 
may give rise to payments in lieu of dividends.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 60,000 hours.

    OMB Number: 1545-0135.
    Title: Extension of Time for Payment of Taxes by a Corporation 
Expecting a Net Operating Loss Carryback.
    Form: 1138.
    Type of Review: Extension.
    Description: Form 1138 is filed by corporations to request an 
extension of time to pay their income taxes, including estimated taxes. 
Corporations may only file for an extension when they expect a net 
operating loss carryback in the tax year and want to delay the payment 
of taxes from a prior tax year.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 9,800 hours.

    OMB Number: 1545-1573.
    Title: REG-130477-00; REG-130481-00 (Final), Required Distributions 
from Retirement Plans.
    Type of Review: Extension.
    Description: The regulation permits a taxpayer to name a trust as 
the beneficiary of the employee's benefit under a retirement plan and 
use the life expectancies of the beneficiaries of the trust to 
determine the required minimum distribution, if certain conditions are 
satisfied.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 333 hours.

    OMB Number: 1545-1694.
    Title: Revenue Ruling 2000-35 Automatic Enrollment in Section 
403(b) Plans.
    Type of Review: Extension.
    Description: Revenue Ruling 2000-35 describes certain criteria that 
must be met before an employee's compensation can be reduced and 
contributed to an employer's section 403(b) plan in the absence of an 
affirmative election by the employee.
    Respondents: State, local or tribal governments.
    Estimated Total Burden Hours: 175 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. E6-20769 Filed 12-6-06; 8:45 am]
BILLING CODE 4830-01-P