[Federal Register Volume 74, Number 169 (Wednesday, September 2, 2009)]
[Notices]
[Pages 45522-45523]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-21213]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 27, 2009.
    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, and 1750 
Pennsylvania Avenue, NW., Washington, DC 20220.
    Dates: Written comments should be received on or before October 2, 
2009 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-2011.
    Type of Review: Extension.
    Title: Certification of Intent to Adopt a Pre-approved Plan.
    Description: Use Form 8905 to treat an employer's plan as a pre-
approved plan and therefore eligible for the six-year remedial 
amendment cycle of Part IV of Revenue Procedure 2005-66, 2005-37 I.R.B. 
509. This form is filed with other document(s).
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 110,490 hours.

    OMB Number: 1545-0239.
    Type of Review: Extension.
    Form: 5754.
    Title: Statement by Person(s) Receiving Gambling Winnings.
    Description: Section 3402(q)(6) of the IRC requires a statement by 
the person receiving certain gambling winnings when that person is not 
the winner or is one of a group of winners. It enables the payer to 
properly apportion the winnings and withheld tax on Form W-2G. We use 
the information on Form W-2G to ensure that recipients are properly 
reporting their income.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 40,800 hours.

    OMB Number: 1545-0025.
    Type of Review: Extension.
    Form: 851.
    Title: Affiliations Schedule.
    Description: Form 851 provides IRS with information to ascertain 
(1) The names and identification numbers of the members of the 
affiliated group included in the consolidated return, (2) taxes paid by 
each member of the group, and (3) stock ownership; changes in stock 
ownership and other information to determine that each corporation is a 
qualified member of the affiliated group as defined in section 1504 of 
the Code.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 51,040 hours.

    OMB Number: 1545-1426.
    Type of Review: Extension.
    Title: INTL-21-91 (Temporary and Final) Section 6662--Imposition of 
the Accuracy-Related Penalty.
    Description: These regulations provide guidance about substantial 
and gross valuation misstatements as defined in sections 6662(e) and 
6662(h). They also provide guidance about the reasonable cause and good 
faith exclusion. The regulations apply to taxpayers who have 
transactions between persons described in section 482 and not section 
482 transfer price adjustments.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 20,125 hours.

    OMB Number: 1545-1973.
    Type of Review: Extension.
    Form: Schedule C-EZ (Form 1040).
    Title: Net Profit from Business.
    Description: Schedule C-EZ (Form 1040) is used by individuals to 
report their employment taxes. The data is used to verify that the 
items reported on the form are correct and also for general statistical 
use.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 1,027,515 hours.

    OMB Number: 1545-0495.
    Type of Review: Revision.
    Form: 4506A.
    Title: Request for Public Inspection or Copy of Exempt or Political 
Organization IRS Form.
    Description: Internal Revenue Code section 6104 states that if an 
organization described in section 501(c) or (d) is exempt from taxation 
under section 50(a) for any taxable year, the application for exemption 
is open for public inspection. This includes all supporting documents, 
any letter or other documents issued by the IRS concerning the 
application, and certain annual returns of the organization. Form 4506-
A is used to request public inspection or a copy of these documents.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 20,200 hours.

    OMB Number: 1545-1800.
    Type of Review: Extension.
    Form: 8886.
    Title: Reportable Transaction Disclosure Statement.
    Description: Regulation section 1.6011-4 requires certain taxpayers 
to disclose reportable transactions in which they directly or 
indirectly participated.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 8,904 hours.

    OMB Number: 1545-0771.
    Type of Review: Extension.
    Title: EE-63-88 (Final and temporary regulations) Taxation of 
Fringe Benefits and Exclusions from Gross Income for Certain Fringe 
Benefits; IA-140-86 (Temporary) Fringe Benefits; Listed Property.
    Description: EE-63-88. This regulation provides guidance on the tax 
treatment of taxable and nontaxable fringe benefits and general and 
specific rules for the valuation of taxable fringe benefits in 
accordance with Code sections 61 and 132. The regulation also provides 
guidance on exclusions from gross income for certain fringe benefits. 
IA-140-86. This regulation provides guidance relating to the 
requirement that any deduction or credit with respect to business 
travel, entertainment, and gift expenses be substantiated with adequate 
records in accordance with Code section 274(d).
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 37,922,688 hours.

    OMB Number: 1545-1131.
    Type of Review: Extension.
    Title: INTL-485-89 (Final) Taxation of Gain or Loss from Certain

[[Page 45523]]

Nonfunctional Currency Transactions (Section 988 Transactions).
    Description: Sections 988(c)(1)(D) and (E) require taxpayers to 
make certain elections which determine whether section 988 applies. In 
addition sections 988(a)(1)(B) and 988(d) require taxpayers to identify 
transactions which generate capital gain or loss or which are hedges of 
other transactions.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 3,333 hours.

    OMB Number: 1545-2008.
    Type of Review: Extension.
    Form: 8907.
    Title: Nonconventional Source Fuel Credit.
    Description: Form 8907 will be used to claim a credit from the 
production and sale of fuel created from nonconventional sources. For 
tax years ending after 12/31/05 fuel from coke or coke gas can qualify 
for the credit, and the credit becomes part of the general business 
credit.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 171,160 hours.

    OMB Number: 1545-0195.
    Type of Review: Extension.
    Form: 5213.
    Title: Election to Postpone Determination as to whether the 
Presumption applies that an activity is engaged in for profit.
    Description: This form is used by individuals, partnerships, 
estates, trusts, and S corporations to make an election to postpone an 
IRS determination as to whether an activity is engaged in for profit 
for 5 years (7 years for breeding, training, showing, or racing 
horses). The data is used to verify eligibility to make the election.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 2,762 hours.
    Clearance Officer: R. Joseph Durbala, (202) 622-3634, Internal 
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.
    OMB Reviewer: Shagufta Ahmed, (202) 395-7873, Office of Management 
and Budget, Room 10235, New Executive Office Building, Washington, DC 
20503.

Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. E9-21213 Filed 9-1-09; 8:45 am]
BILLING CODE 4830-01-P