[Federal Register Volume 76, Number 10 (Friday, January 14, 2011)]
[Notices]
[Pages 2751-2752]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-810]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

January 10, 2011.
    The Department of the Treasury will submit the following public 
information collection requirement 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 submission 
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 February 14, 
2011 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1623.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: REG-246256-96 (Final) Excise Taxes on Excess Benefit 
Transactions

[[Page 2752]]

    Abstract: The rule affects organizations described in Internal 
Revenue Code section 501(c)(3) and (4) applicable tax-exempt 
organizations). The collection of information entails obtaining and 
relying on appropriate comparability data and documenting the basis of 
an organization's determination that compensation is reasonable, or a 
property transfer (or transfer of the right to use property) is at fair 
market value. These actions comprise two of the requirements specified 
in the legislative history for obtaining the rebuttable presumption of 
reasonableness.
    Respondents: Private Sector: Not-for-profit institutions.
    Estimated Total Burden Hours: 910,083 hours.

    OMB Number: 1545-2182.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: REG-125592-10, Affordable Care Act Internal Claims and 
Appeals and External review Disclosures.
    Abstract: Section 2719 of the Public Health Service Act, 
incorporated into Code section 9815 by section 1563(f) of the Patient 
Protection and Affordable Care Act, Public Law 111-148, requires group 
health plans and issuers of group health insurance coverage, in 
connection with internal appeals of claims denials, to provide 
claimants free of charge with any evidence relied upon in deciding the 
appeal that was not relied on in making the initial denial of the 
claim. This is a third party disclosure requirement. Individuals 
appealing a denial of a claim should be able to respond to any new 
evidence the plan or issuer relies on in the appeal, and this 
disclosure requirement is essential so that the claimant knows of the 
new evidence.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 150 hours.

    OMB Number: 1545-1010.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: U.S. Income Tax Return for Regulated Investment Companies.
    Form: 1120-RIC.
    Abstract: Form 1120-RIC is filed by a domestic corporation electing 
to be taxed as a RIC in order to report its income and deductions and 
to compute its tax liability. IRC uses Form 1120-RIC to determine 
whether the RIC has correctly reported its income, deductions, and tax 
liability.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 369,021 hours.

    OMB Number: 1545-1186.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: Form 8825--Rental Real Estate Income and Expense of a 
Partnership or an S Corporation.
    Form: 8825.
    Abstract: Form 8825 is used to verify that partnerships and S 
corporations have correctly reported their income and expenses from 
rental real estate property. The form is filed with either Form 1065 or 
Form 1120S.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 6,288,600 hours.

    OMB Number: 1545-0971.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: Estimated Income Tax for Estates and Trusts.
    Form: 1041-ES, 1041-ES (PR).
    Abstract: Internal Revenue Code section 6654(1) imposes a penalty 
on trusts, and in certain circumstances, a decedent's estate, for 
underpayment of estimated tax. Form 1041-ES is used by the fiduciary to 
make the estimated tax payments. For ``first-time'' filers, the form is 
available in an Over The Counter (OTC) version at IRS offices. For 
previous filers, the form is sent to them by the IRS with preprinted 
vouchers in the Optical Character Resolution (OCR) version.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 3,161,236 hours.

    OMB Number: 1545-0056.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: Form 1023, Application for Recognition of Exemption Under 
Section 501(c)(3) of the Internal Revenue Code.
    Abstract: Form 1023 is filed by applicants seeking Federal income 
tax exemption as organization described in section 501(c)(3). IRS uses 
the information to determine if the applicant is exempt and whether the 
applicant is a private foundation.
    Form: 1023.
    Respondents: Private Sector: Not-for-profit institutions.
    Estimated Total Burden Hours: 3,138,550 hours.

    Bureau Clearance Officer: Allan Hopkins, Internal Revenue Service, 
1111 Constitution Avenue, NW., Washington, DC 20224; (202) 622-6665
    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. 2011-810 Filed 1-13-11; 8:45 am]
BILLING CODE 4830-01-P