[Federal Register Volume 72, Number 95 (Thursday, May 17, 2007)]
[Notices]
[Pages 27898-27899]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-9514]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

May 11, 2007.
    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 June 18, 2007 
to be assured of consideration.

[[Page 27899]]

Internal Revenue Service (IRS)

    OMB Number: 1545-0959.
    Type of Review: Extension.
    Title: LR-213-76 (Final) Estate and Gift Taxes; Qualified 
Disclaimers of Property.
    Description: Section 2518 allows a person to disclaim an interest 
in property received by gift or inheritance. The interest is treated as 
if the disclaimant never received or transferred such interest for 
Federal gift tax purposes. A qualified disclaimer must be in writing 
and delivered to the transferor or trustee.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 1,000 hours.

    OMB Number: 1545-0181.
    Type of Review: Revision.
    Title: Application for Extension of Time to File a Return and/or 
Pay U.S. Estate (and Generation-Skipping Transfer) Taxes.
    Form: 4768.
    Description: Form 4768 is used by estates to request an extension 
of time to file an estate (and GST) tax return and/or to pay the estate 
(and GST) taxes and to explain why the extension should be granted. IRS 
uses the information to decide whether the extension should be granted.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 30,710 hours.

    OMB Number: 1545-1668.
    Type of Review: Revision.
    Title: Return of U.S. Persons With Respect to Certain Foreign 
Partnerships.
    Form: 8865.
    Description: The Taxpayer Relief Act of 1997 significantly modified 
the information reporting requirements with respect to foreign 
partnerships. The Act made the following three changes (1) expanded 
section 6038B to require U.S. persons transferring property to foreign 
partnerships in certain transactions to report those transfers; (2) 
expanded section 6038 to require certain U.S. Partners of controlled 
foreign partnerships to report information about the partnerships; and 
(3) modified the reporting required under section 6046A with respect to 
acquisitions and dispositions of foreign partnership interests.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 296,124 hours.

    OMB Number: 1545-1592.
    Type of Review: Extension.
    Title: Revenue Procedure 98-20, Certification for No Information 
Reporting on the Sale of a Principal Residence.
    Description: The revenue procedure applies only to the sale of a 
principal residence for $250,000 or less ($500,000 or less if the 
seller is married). The revenue procedure provides the written 
assurances that are acceptable to the Service for exempting a real 
estate reporting person from information reporting requirements for the 
sale of a principal residence.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 420,500 hours.

    OMB Number: 1545-1212.
    Type of Review: Extension.
    Title: U.S. Estate Tax Return for Qualified Domestic Trusts.
    Form: 706-QDT.
    Description: Form 706-QDT is used by the trustee or the designated 
filer to compute and report the Federal estate tax imposed on qualified 
domestic trusts by C section 2056A. IRS uses the information to enforce 
this tax and to verify that the tax has been properly computed.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 357 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. E7-9514 Filed 5-16-07; 8:45 am]
BILLING CODE 4830-01-P