[Federal Register Volume 73, Number 229 (Wednesday, November 26, 2008)]
[Notices]
[Page 72114]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-28081]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 20, 2008.
    The Department of 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, and 1750 
Pennsylvania Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before December 26, 
2008 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1004.
    Type of Review: Revision.
    Title: U.S. Income Tax Return for Real Estate Investment Trusts.
    Description: Form 1120-REIT is filed by a corporation, trust, or 
association electing to be taxed as a REIT in order to report its 
income, and deductions, and to compute its tax liability. IRS uses Form 
1120-REIT to determine whether the REIT has correctly reported its 
income, deductions, and tax liability.
    Respondents: Private sector.
    Estimated Total Burden Hours: 142,203 hours.

    OMB Number: 1545-1517.
    Type of Review: Extension.
    Title: Distributions From an Archer MSA or Medicare+Choice MSA.
    Form: 1099-SA.
    Description: This form is used to report distributions from a 
medical savings account as set forth in section 220(h).
    Respondents: Private sector.
    Estimated Total Burden Hours: 3,618 hours.

    OMB Number: 1545-0126.
    Type of Review: Extension.
    Title: U.S. Income Tax Return of a Foreign Corporation.
    Form: 1120-F.
    Description: Form 1120-F is used by foreign corporations that have 
investments, or a business, or a branch in the U.S. The IRS uses Form 
1120-F to determine if the foreign corporation has correctly reported 
its income, deductions, and tax, and to determine if it has paid the 
correct amount of tax.
    Respondents: Private sector.
    Estimated Total Burden Hours: 7,622,314 hours.

    OMB Number: 1545-0941.
    Type of Review: Extension.
    Title: Report of a Sale or Exchange of Certain Partnership 
Interests.
    Form: 8308.
    Description: Form 8308 is an information return that gives the IRS 
the names of the parties involved in a section 751(a) exchange of a 
partnership interest. It is also used by the partnership as a statement 
to the transferor or transferee. It alerts the transferor that a 
portion of the gain on the sale of partnership interest may be ordinary 
income.
    Respondents: Private sector.
    Estimated Total Burden Hours: 1,460,000 hours.
    Clearance Officer: Glenn P. Kirkland (202) 622-3428, Internal 
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.
    OMB Reviewer: Nicholas A. Fraser (202) 395-5887, Office of 
Management and Budget, Room 10235, New Executive Office Building, 
Washington, DC 20503.

Robert Dahl,
Treasury PRA Clearance Officer.
 [FR Doc. E8-28081 Filed 11-25-08; 8:45 am]
BILLING CODE 4810-35-P