[Federal Register Volume 72, Number 222 (Monday, November 19, 2007)]
[Notices]
[Pages 65131-65132]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-22601]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 9, 2007.
    The Department of the Treasury will submit the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13 on or 
after the date of publication of this notice. 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 December 
19, 2007 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1317.

[[Page 65132]]

    Type of Review: Extension.
    Title: NTL-79-91 (Final) Information Returns Required of United 
States Persons with Respect to Certain Foreign Corporations.
    Description: These regulations clarify certain requirements of 
sections 1.6035-1, 1.6038-2 and 1.6046-1 of the Income Tax Regulations 
relating to Form 5471 and affect controlled foreign corporations and 
their United States shareholders.
    Respondents: Businesses and other for-profits.
    Estimated Total Burden Hours: 1 hour.
    OMB Number: 1545-1361.
    Type of Review: Extension.
    Title: PS-89-91 (Final) Exports of Chemicals That Deplete the Ozone 
Layer; Special Rules for Certain Medical Uses of Chemicals That Deplete 
the Ozone Layer.
    Description: Section 4681 imposes a tax on ozone-depleting 
chemicals sold or used by a manufacturer or importer thereof. Section 
4682 provides exemptions and reduced rates of tax for certain uses of 
ozone-depleting chemicals. This regulation provides reporting and 
recordkeeping rules.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 201 hours.

    OMB Number: 1545-1743.
    Type of Review: Extension.
    Title: Summary of Archer MSAs.
    Description: This form is used by the IRS to determine whether 
numerical limits set forth in section 220(j)(1) have been exceeded.
    Respondents: Businesses and other for-profits.
    Estimated Total Burden Hours: 1,540,000 hours.

    OMB Number: 1545-1341.
    Type of Review: Extension.
    Title: EE-43-92 (Final) Direct Rollovers and 20-Percent Withholding 
Upon Eligible Rollover Distributions from Qualified Plans.
    Description: These regulations provide rules implementing the 
provisions of the Unemployment Compensation Amendments (Pub. L. 102-
318) requiring 20 percent income tax withholding upon certain 
distributions from qualified pension plans or tax-sheltered annuities.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 2,129,669 hours.

    OMB Number: 1545-1904.
    Type of Review: Extension.
    Title: Revenue Procedure 2004-56, Model 457 Plan Provisions.
    Description: This revenue procedure contains model amendments to be 
used by section 457(b) plans (deferred compensation plans) of state or 
local governments.
    Respondents: State, Local, or Tribal Governments.
    Estimated Total Burden Hours: 41,040 hours.

    OMB Number: 1545-1416.
    Type of Review: Extension.
    Title: Credit for Contributions to Selected Community Development 
Corporations.
    Form: 8847.
    Description: Form 8847 is used to claim a credit for qualified 
contributions to a selected community development corporation (CDC).
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 41 hours.

    OMB Number: 1545-1201.
    Type of Review: Revision.
    Title: REG-152549-03 (NPRM/Temporary) Section 179 Elections; TD 
8455 (Final) Election to Expense Certain Depreciable Business Assets.
    Description: The regulations provide rules on the election 
described in section 179(b)(4); the apportionment of the dollar 
limitation among component members of a controlled group; the proper 
order for deducting the carryover of disallowed deduction; and the 
maintenance of information which permits the specific identification of 
each piece of section 179 property and reflects how and from whom such 
property was acquired and when such property was placed in service. The 
recordkeeping and reporting is necessary to monitor compliance with the 
section 179 rules.
    Respondents: Businesses and other for-profits.
    Estimated Total Burden Hours: 3,022,500 hours.

    OMB Number: 1545-2072.
    Type of Review: Extension.
    Title: RP-144921-06 Statistical Sampling for purposes of Section 
199.
    Description: The revenue procedure provides for determining when 
statistical sampling may be used for purposes of section 199, which 
provides a deduction for income attributable to domestic production 
activities, and establishes acceptable statistical sampling 
methodologies. The collection of information in the proposed revenue 
procedure involves a recordkeeping requirement for taxpayer that use 
statistical sampling under section 199.
    Respondents: Businesses and other for-profits.
    Estimated Total Burden Hours: 2,400 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. E7-22601 Filed 11-16-07; 8:45 am]
BILLING CODE 4830-01-P