[Federal Register Volume 74, Number 182 (Tuesday, September 22, 2009)]
[Notices]
[Pages 48348-48349]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-22783]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

September 15, 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 22, 
2009 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-2142.
    Type of Review: Extension.
    Form: 8038-CP.
    Title: Form 8038-CP--Return for Credit Payments to Issuers of 
Qualified Bonds.
    Description: Form 8038-CP, Return for Credit Payments to Issuers of 
Qualified Bonds, will be used to make direct payments to State and 
local governments. The American Recovery and Reinvestment Act of 2009, 
Public Law 111-5, provides State and local governments with the option 
of issuing a tax credit bond instead of a tax-exempt governmental 
obligation bond. The bill gives State and local governments the option 
to receive a direct payment from the Federal government equal to a 
subsidy that would have been received through the Federal tax credit 
for bonds.
    Respondents: State, Local, and Tribal Governments.
    Estimated Total Burden Hours: 134,600 hours.

    OMB Number: 1545-2141.
    Type of Review: Extension.
    Title: NOT-2009-31--Election and Notice Procedures for 
Multiemployer Plans under Sections 204 and 205 of WRERA.
    Description: The guidance in this notice implements temporary, 
elective relief under the Workers, Retirees, and Employers Relief Act 
of 2008 (WRERA), which was enacted this past December, for 
multiemployer pension plans from certain funding requirements.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 1,600 hours.

    OMB Number: 1545-1993.
    Type of Review: Extension.
    Title: Notice 2006-54, Alternative Fuel Motor Vehicle Credit.
    Description: This notice sets forth a process that allows taxpayers 
who purchase alternative fuel motor vehicles to rely on the domestic 
manufacturer's (or, in the case of a foreign manufacturer, its domestic 
distributor's) certification that both a particular make, model, and 
year of vehicle qualifies as an alternative fuel motor vehicle under 
Sec. 30B(a)(4) and (e) of the Internal Revenue Code and the amount of 
the credit allowable with respect to the vehicle.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 600 hours.

    OMB Number: 1545-1801.
    Type of Review: Extension.
    Title: Revenue Procedure 2002-67, Settlement of Section 351 
Contingent Liability Tax Shelter Cases.
    Description: This revenue procedure prescribes procedures for 
taxpayers who elect to participate in a settlement initiative aimed at 
resolving tax shelter cases involving contingent liability transactions 
that are the same or similar to those described in Notice 2001-17 
(``contingent liability transactions''). There are two resolution 
methodologies: a fixed concession procedure and a fast track dispute 
resolution procedure that includes binding arbitration.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 7,500 hours.

    OMB Number: 1545-1837.
    Type of Review: Extension.
    Title: Revenue Procedure 2003-36, Industry Issue Program.
    Description: Revenue Procedure 2003-36 describes the procedures for 
business taxpayers, industry associations, and others representing 
business taxpayers to submit issues for resolution under the IRS's 
Industry Issues Resolution Program.
    Respondents: Businesses or other for-profits.

[[Page 48349]]

    Estimated Total Burden Hours: 2,000 hours.

    OMB Number: 1545-1814.
    Type of Review: Extension.
    Form: 1099-CAP.
    Title: Changes in Corporate Control and Capital Structure.
    Description: Any corporation that undergoes reorganization under 
Regulation section 1.6043-4T with stock, cash, and other property over 
$100 million must file Form 1099-CAP with the IRS shareholders.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 67 hours.

    OMB Number: 1545-2140.
    Type of Review: Extension.
    Form: 8935, 8935-T.
    Title: Form 8935--Airplane Payments Report.
    Description: Form 8935 will provide to the employee, current or 
former, the amount of the payment that was received from the airline 
that is eligible for rollover treatment into a Roth IRA. Form 8935-T is 
a new transmittal form developed for filing information reporting Forms 
8935, Airline Payments Reports, with the Service via paper filing.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 44 hours.

    OMB Number: 1545-2143.
    Type of Review: Extension.
    Title: Notice 2009-26, Build America Bonds and Direct Payment 
Subsidy Implementation.
    Description: This Notice provides guidance on the new tax 
incentives for Build America Bonds under Sec.  54AA of the Internal 
Revenue Code (``Code'') and the implementation plans for the refundable 
credit payment procedures for these bonds. This Notice includes 
guidance on the modified Build America Bond program for Recovery Zone 
Economic Development Bonds under Sec.  1400U-2 of the Code. This Notice 
provides guidance on the initial refundable credit payment procedures, 
required elections, and information reporting. This Notice solicits 
public comments on the refundable credit payment procedures for these 
bonds. This Notice is intended to facilitate prompt implementation of 
the Build America Bond program and to enable state and local 
governments to begin issuing these bonds for authorized purposes to 
promote economic recovery and job creation.
    Respondents: State, Local, and Tribal Governments.
    Estimated Total Burden Hours: 15,000 hours.

    OMB Number: 1545-1014.
    Type of Review: Extension.
    Form: 1066, Schedule Q (Form 1066).
    Title: Form 1066, U.S. Real Estate Mortgage Investment Conduit 
(REMIC) Income Tax Return; Schedule Q (Form 1066) Quarterly Notice to 
Residual Interest Holder of REMIC Taxable Income or Net Loss.
    Description: Form 1066 and Schedule Q (Form 1066) are used by a 
real estate mortgage investment conduit (REMIC) to figure its tax 
liability and income and other tax-related information to pass through 
to its residual holders. IRS uses the information to determine the 
correct tax liability of the REMIC and its residual holders.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 756,580 hours.

    OMB Number: 1545-2001.
    Type of Review: Extension.
    Title: Rev. Proc. 2006-16, Renewal Community Depreciation 
Provisions
    Description: This revenue procedure provides the time and manner 
for states to make retroactive allocations of commercial revitalization 
expenditure amounts to certain buildings placed is service in the 
expanded area of renewal community pursuant to Sec. 1400E(g) of the 
Internal Revenue Code.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 150 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. E9-22783 Filed 9-21-09; 8:45 am]
BILLING CODE 4830-01-P