[Federal Register Volume 73, Number 245 (Friday, December 19, 2008)]
[Notices]
[Page 77877]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-30204]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

December 12, 2008.
    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 January 20, 
2009 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-2106.
    Type of Review: Extension.
    Title: NOT-127516-08 (Notice 2008-58), Relief from Certain Low-
Income Housing Credit Requirements Due to Severe Storms, Tornadoes, and 
Flooding in Iowa.
    Description: The Internal Revenue Service is suspending certain 
requirements under Sec.  42 of the Internal Revenue Code for low-income 
housing credit projects in the United States to provide emergency 
housing relief needed as a result of the devastation caused by severe 
storms, tornadoes, and flooding in Iowa beginning on May 25, 2008.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 125 hours.

    OMB Number: 1545-1950.
    Type of Review: Extension.
    Form: 8621-A.
    Title: Return by a Shareholder Making Certain Late Elections To End 
Treatment as a Passive Foreign Investment Company.
    Description: Form 8621-A is used by certain taxpayer/investors to 
request ending of their treatment as investing in a Passive Foreign 
Investment Company. New regulations are being written in support of the 
new products. The underlying law is in IRC sections 1297 and 1298.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 43,622 hours.

    OMB Number: 1545-1799.
    Type of Review: Extension.
    Title: Notice 2002-69, Interest Rates and Appropriate Foreign Loss 
Payment Patterns For Determining the Qualified Insurance Income of 
Certain Controlled Corporations under Section 954(f).
    Description: This notice provides guidance on how to determine the 
foreign loss payment patterns of a foreign insurance company owned by 
U.S. shareholder for purposes of determining the amount of investment 
income earned by the insurance company that is not treated as Subpart F 
income under section 954(i).
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 300 hours.

    OMB Number: 1545-1657.
    Type of Review: Extension.
    Title: Revenue Procedure 99-32--Conforming Adjustments Subsequent 
to Section 482 Allocations.
    Description: This revenue procedure prescribes the applicable 
procedures for the repatriation of cash by a United States taxpayer via 
an interest-bearing account receivable or payable in an amount 
corresponding to the amount allocated under section 482 from, or to a 
related person with respect to a controlled transaction.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 1,620 hours.

    OMB Number: 1545-1487.
    Type of Review: Extension.
    Title: TD 8834 (final)--Treatment of Distributions to Foreign 
Persons Under Sections 367(e)(1) and 367(e)(2).
    Description: Sections 367(e)(1) and 367(e)(2) provide for gain 
recognition on certain transfers to foreign persons under sections 355 
and 332. Section 6038B(a) requires U.S. persons transferring property 
to foreign persons in exchanges described in sections 332 and 355 to 
furnish information regarding such transfers.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 2,471 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.

Celina Elphage,
Treasury PRA Clearance Officer.
 [FR Doc. E8-30204 Filed 12-18-08; 8:45 am]
BILLING CODE 4830-01-P