[Federal Register Volume 72, Number 11 (Thursday, January 18, 2007)]
[Notices]
[Pages 2335-2336]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-639]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

January 11, 2006.
    The Department of 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 February 
20, 2007 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1700.
    Type of Review: Extension.
    Title: Qualified Subchapter S Subsidiary Election.
    Form: 8869.
    Description: Effective for tax years beginning after December 31, 
1996, Internal Revenue Code section 1361(b)(3) allows an S corporation 
to own a corporate subsidiary, but only if it is wholly owned. To do 
so, the parent S corporation must elect to treat the wholly owned 
subsidiary as a qualified subchapter S subsidiary (QSub). Form 8869 is 
used to make this election.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 40,750 hours.

    OMB Number: 1545-0016.
    Type of Review: Revision.
    Title: United States Additional Estate Tax Return.
    Form: 706-A.
    Description: Form 706-A is used by individuals to compute and pay 
the additional estate taxes due under Code section 2032A(c). IRS uses 
the information to determine that the taxes have been properly 
computed. The form is also used for the basis election of section 
1016(c)(1).
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 1,433 hours.

    OMB Number: 1545-1732.
    Title: REG-105946-00 (Final) Mid-Contract Change in Taxpayer.
    Type of Review: Extension.
    Description: The information is needed by taxpayers who assume the 
obligation to account for the income from long-term contracts as the 
result of certain nontaxable transactions.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 10,000 hours.

    OMB Number: 1545-0236.
    Title: Occupational Tax and Registration Return for Wagering.
    Type of Review: Extension.
    Form: 11-C.
    Description: Form 11-C is used to register persons accepting wagers 
(IRC section 4412). IRS uses this form to register the respondent, 
collect the annual stamp tax (IRC section 4411), and to verify that the 
tax on wagers is reported on Form 730.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 126,175 hour.

    OMB Number: 1545-1299.
    Title: IA-54-90 (Final) Settlement Funds.
    Type of Review: Extension.
    Description: The reporting requirements affect taxpayers that are 
qualified settlement funds; they will be required to file income tax 
returns, estimated income tax returns, and withholding tax returns. The 
information will facilitate taxpayer examinations.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 3,542 hours.

    OMB Number: 1545-0138.
    Title: U.S. Departing Alien Income Tax Statement.
    Type of Review: Extension.
    Form: 2063.
    Description: Form 2063 is used by a departing resident alien 
against whom a termination assessment has not been made, or a departing 
non-resident alien who has no taxable income from United States 
sources, to certify that they have satisfied all U.S. income tax 
obligations. The data is used by the IRS to certify that departing 
aliens have complied with U.S. income tax laws.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 17,049 hours.

    OMB Number: 1545-2028.
    Title: Fuel Cell Motor Vehicle Credit.
    Type of Review: Extension.
    Description: This information will be used to determine whether the 
vehicle for which the credit is claimed under 30B by a taxpayer is 
property that qualifies for the credit. The collection of information 
is required to obtain a benefit. The likely respondents are 
corporations and partnerships.

[[Page 2336]]

    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 280 hours.

    OMB Number: 1545-1702.
    Title: Information Return for Transfers Associated With Certain 
Personal Benefit Contracts.
    Type of Review: Extension.
    Form: 8870.
    Description: Section 170(c) charitable organizations or section 
664(d) charitable remainder trusts that paid premiums after February 8, 
1999, on certain ``personal benefit contracts'' must file Form 8870.
    Respondents: Not-for-profit institutions.
    Estimated Total Burden Hours: 74,200 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. E7-639 Filed 1-17-07; 8:45 am]
BILLING CODE 4830-01-P