[Federal Register Volume 75, Number 140 (Thursday, July 22, 2010)]
[Notices]
[Pages 42821-42823]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-17918]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 16, 2010.
    The Department of the Treasury will submit the following public 
information collection requirements 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. A copy of the submissions 
may be obtained by calling the Treasury Bureau Clearance Officer 
listed. Comments regarding these information collections should be 
addressed to the OMB reviewer listed and to the Treasury PRA Clearance 
Officer, Department of the Treasury, 1750 Pennsylvania Avenue, NW., 
Suite 11010, Washington, DC 20220.

DATES: Written comments should be received on or before August 23, 2010 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0041.
    Type of Review: Revision of a currently approved collection.
    Title: Corporation Dissolution or Liquidation.
    Form: 966.
    Abstract: Form 966 is filed by a corporation whose shareholders 
have agreed to liquidate the corporation. As a result of the 
liquidation, the shareholders receive the property of the corporation 
in exchange for their stock. The IRS uses Form 966 to determine if the 
liquidation election was properly made and if any taxes are due on the 
transfers of property.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 209,820 hours.

    OMB Number: 1545-0181.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Application for Extension of Time to File a Return and/or 
Pay U.S. Estate (and Generation-Skipping Transfer) Taxes.
    Form: 4768.
    Abstract: Form 4768 is used by estates to request an extension of 
time to file an estate (and GST) tax return and/or to pay the estate 
(and GST) taxes and to explain why the extension should be granted. IRS 
uses the information to decide whether the extension should be granted.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 30,710 hours.

    OMB Number: 1545-0242.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Gas Guzzler Tax.
    Form: 6197.
    Abstract: Form 6197 is used to compute the gas guzzler tax on 
automobiles whose fuel economy does not meet certain standard for fuel 
economy. The tax is reported quarterly of Form 720. Form 6197 is filed 
each quarter with Form 720 for manufacturers. Individuals can make a 
one-time filing if they import a gas guzzler auto for personal use. The 
IRS uses the information to verify computation of the tax and 
compliance with the law.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 4,659 hours.

    OMB Number: 1545-0704.
    Type of Review: Revision of a currently approved collection.
    Title: Information Return of U.S. Persons with Respect To Certain 
Foreign Corporations.
    Form: 5471.
    Abstract: Form 5471 and related schedules are used by U.S. persons 
that have an interest in a foreign corporation. The form is used to 
report income from the foreign corporation. The form and schedules are 
used to satisfy the reporting requirements of sections 6035, 6038 and 
6046 and the regulations there under pertaining to the involvement of 
U.S. persons with certain foreign corporations.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 4,280,244 hours.

    OMB Number: 1545-1564.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-103330-97 (Final) (T.D. 8839) IRS Adoption Taxpayer 
Identification Numbers.
    Abstract: The regulations provide rules for obtaining IRS adoption 
taxpayer identification numbers (ATINs), which are used to identify 
children placed for adoption. To obtain an ATIN, a prospective adoptive 
parent must file Form W-7A. The regulations assist prospective adoptive 
parents in claiming tax benefits with respect to these children.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 1 hour.

    OMB Number: 1545-1595.
    Type of Review: Extension without change of a currently approved 
collection.

[[Page 42822]]

    Title: Revenue Procedure 98-25, Automatic Data Processing.
    Abstract: Rev. Proc. 98-25 specifies the basic requirements that 
the IRS considers to be essential in cases where a taxpayers's records 
are maintained within an Automatic Data Processing System (ADP). If 
machine-sensible records are lost, stolen, destroyed, or materially 
inaccurate, the Rev. Proc. requires that a taxpayer promptly notify its 
District Director and submit a plan to replace the affected records. 
The District Director will notify the taxpayer of any objection(s) to 
the taxpayer's plan. Also, the Rev. Proc. provides that a taxpayer who 
maintains machine-sensible records may request to enter into a Record 
Retention. * * *
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 120,000 hours.

    OMB Number: 1545-1578.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-106542-98 (Final), Election to Treat Trust as Part of an 
Estate.
    Abstract: REG-106542-98 and Rev. Proc. 98-13 relate to an election 
to have certain revocable trusts treated and taxed as part of an 
estate, and provides the procedures and requirements for making the 
section 645 election.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 5,000 hours.
    OMB Number: 1545-1736.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2001-24, Advanced Insurance Commissions.
    Abstract: A taxpayer that wants to obtain automatic consent to 
change its method of accounting for cash advances on commissions paid 
to its agents must agree to the specified terms and conditions under 
the revenue procedure. This agreement is ratified by attaching the 
required statement to the Federal income tax return for the year of 
change.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 1,318 hours.

    OMB Number: 1545-1873.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2004-15, Waivers of Minimum Funding 
Standards.
    Abstract: This revenue procedure describes the process for 
obtaining a waiver from the minimum funding standards set forth in 
section 412 of the Code.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 4,730 hours.

    OMB Number: 1545-1599.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-208299-90 (NPRM) Allocation and Sourcing of Income and 
Deductions Among Taxpayers Engaged in a Global Dealing Operation.
    Abstract: The information requested in sections 1.475(g)-2(b), 
1.482-8(b)(3), (c)(3), (e)(5), (e)(6), (d)(3), and 1.863-3(h) is 
necessary for Service to determine whether the taxpayer has entered 
into controlled transactions at an arm's length price.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 20,000 hours.

    OMB Number: 1545-2045.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: (Announcement 2006-95) Settlement Initiative for Employees 
of Foreign Embassies, Foreign Consular Offices and International 
Organizations in the United States.
    Abstract: The IRS has determined a substantial number of U.S. 
citizens and lawful permanent residents working in the international 
community have failed to fulfill their U.S. tax obligations. The IRS 
needs the information in order to apply the terms of the settlement and 
determine the amount of taxes, applicable statutory interest and 
penalties. The respondents are individuals employed by foreign 
embassies, foreign consular offices or international organizations in 
the United States.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 11,000 hours.

    OMB Number: 1545-1625.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-105170-97 and REG-112991-01, (Final) Credit for 
Increasing Research Activities (TD 8930 & TD 9104).
    Abstract: These final regulations relate to the computation of the 
credit under section 41(c) and the definition of qualified research 
under section 41(d). These regulations are intended to provide (1) 
guidance concerning the requirements necessary to qualify for the 
credit for increasing research activities, (2) guidance in computing 
the credit for increasing research activities, and (3) rules for 
electing and revoking the election of the alternative incremental 
credit.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 250 hours.

    OMB Number: 1545-1669.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-108639-99 (Final) Retirement Plans; Cash or Deferred 
Arrangements Under Section 401(k) and Matching Contributions or 
Employee Contributions Under Section 401(m); Notice 2000-3.
    Abstract: The regulations provide guidance for qualified retirement 
plans containing cash or deferred arrangements under section 401(k) and 
providing matching contributions or employee contributions under 
section 401(m). The IRS needs this information to insure compliance 
with sections 401(k) and 401(m).
    Respondents: Private Sector: Businesses or other for-profits.

    Estimated Total Burden Hours: 26,500 hours.
    OMB Number: 1545-1588.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-209682-94 (TD 8847--Final) Adjustments Following Sales 
of Partnership Interests.
    Abstract: Partnerships, with a section 754 election in effect, are 
required to adjust the basis of partnership property following certain 
transfers of partnership interests. The regulations require the 
partnership to attach a statement to its partnership return indicating 
the adjustment and how it was allocated among the partnership property.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 904,000 hours.

    OMB Number: 1545-1869.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Information Return for Acquisition of Control or Substantial 
Change in Capital Structure.
    Form: 8806.
    Abstract: Form 8806 is used to report information regarding 
transactions involving acquisition of control or substantial change in 
capital structure under section 6043.
    Respondents: Private Sector: Businesses or other for-profits.

[[Page 42823]]

    Estimated Total Burden Hours: 113 hours.

    OMB Number: 1545-2047.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Rev Proc 2007-21--Revenue Procedure Regarding 6707/6707A 
Rescission Request Procedures.
    Abstract: This revenue procedure provides guidance to persons who 
are assessed a penalty under section 6707A or 6707 of the Internal 
Revenue Code, and who may request rescission of those penalties from 
the Commissioner.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 430 hours.

    OMB Number: 1545-1729.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 9114 (Final) Electronic Payee Statements.
    Abstract: In general, under these regulations, a person required to 
furnish a statement on Form W-2 under Code sections 6041(d) or 6051, or 
Forms 1098-T or 1098-E under Code section 6050S, may furnish these 
statements electronically if the recipient consents to receive them 
electronically, and if the person furnishing the statement (1) makes 
certain disclosures to the recipient, (2) annually notifies the 
recipient that the statement is available on a Web site, and (3) 
provides access to the statement on that Web site for a prescribed 
period of time.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 2,844,950 hours.

    Bureau Clearance Officer: R. Joseph Durbala, Internal Revenue 
Service, 1111 Constitution Avenue, NW., Room 6129, Washington, DC 
20224; (202) 622-3634.
    OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New 
Executive Office Building, Room 10235, Washington, DC 20503; (202) 395-
7873.

Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. 2010-17918 Filed 7-21-10; 8:45 am]
BILLING CODE 4830-01-P