[Federal Register Volume 76, Number 224 (Monday, November 21, 2011)]
[Notices]
[Pages 72034-72035]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-30008]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 16, 2011.
    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 December 21, 
2011 to be assured consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0939.
    Type of Review: Revision of a currently approved collection.
    Title: Interest Charge on DISC-Related Deferred Tax Liability.
    Forms: 8404.
    Abstract: Shareholders of Interest Charge Domestic International 
Sales Corporations (IC-DISCs) use Form 8404 to figure and report an 
interest charge on their DISC-related deferred tax liability. The 
interest charge is required by Internal Revenue Code section 995(f). 
IRS uses Form 8404 to determine whether the shareholder has correctly 
figured and paid the interest charge on a timely basis.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 15,580.

    OMB Number: 1545-1005.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: PS-62-87 (Final) Low-Income Housing Credit for Federally-
Assisted Buildings.
    Abstract: The rule requires the taxpayer (low-income building 
owner) to seek a waiver in writing from the IRS concerning low-income 
buildings acquired during a special 10-year period in order to avert a 
claim against a Federal mortgage insurance fund.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 3,000.

    OMB Number: 1545-1126.
    Type of Review: Extension without change of a currently approved 
collection.

[[Page 72035]]

    Title: TD8733--Treaty-Based Return Positions.
    Abstract: Regulation section 301.6114-1 sets forth the reporting 
requirement under Sec. 6114. Persons or entities subject to this 
reporting requirement must make the required disclosure on a statement 
attached to their return, in the manner set forth, or be subject to a 
penalty. Regulation section 301.7701(b)-7(a)(4)(iv)(C) sets forth the 
reporting requirement for dual resident S corporation shareholders who 
claim treaty benefits as nonresidents of the United States.
    Respondents: Individuals and households.
    Estimated Total Burden Hours: 6,015.

    OMB Number: 1545-1385.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: GL-238-88 (Final) Preparer Penalties--Manual Signature 
Requirement.
    Abstract: The reporting requirements affect returns preparers of 
fiduciary returns. They will be required to submit a list of the names 
and identifying numbers of all fiduciary returns which are being filed 
with a facsimile signature of the returns preparer.
    Respondents: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 25,825.

    OMB Number: 1545-1488.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 8719--Requirements Respecting the Adoption or Change of 
Accounting Method, Extensions of Time to Make Elections.
    Abstract: The regulations provide the standards the Commissioner 
will use to determine whether to grant an extension of time to make 
certain elections.
    Respondents: Private sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 5,000.

    OMB Number: 1545-1498.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-209826-96 (NPRM) Application of the Grantor Trust Rules 
to Nonexempt Employees' Trusts.
    Abstract: The regulations provide rules for the application of the 
grantor trust rules to certain nonexempt employees' trusts. Taxpayers 
must indicate on a return that they are relying on a special rule to 
reduce the overfunded amount of the trust.
    Respondents: Private sector: Businesses or other for-profits, not-
for-profit institutions.
    Estimated Total Burden Hours: 1,000.

    OMB Number: 1545-1518.
    Type of Review: Revision of a currently approved collection.
    Title: HSA, Archer MSA, or Medicare Advantage MSA Information.
    Form: 5498-SA.
    Abstract: Section 220(h) requires trustees to report to the IRS and 
medical savings accountholders contributions to and the year-end fair 
market value of any contributions made to a medical savings account 
(MSA). Congress requires Treasury to report to them the total 
contributions made to an MSA for the current tax year. Section 1201 of 
the Medicare prescription Drug, Improvement, and Modernization Act of 
2003 (Pub. L. 108-173) created new Code section 223. Section 223(h) 
requires the reporting of contributions to and the year-end fair market 
value of health savings accounts for tax years beginning after December 
31, 2003.
    Respondents: Private sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 8,877.

    OMB Number: 1545-1591.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-251701-96 Electing Small Business Trusts.
    Abstract: This regulation provides the time and manner for making 
the Electing Small Business Trust election pursuant to section 
1361(e)(3).
    Respondents: Private sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 7,500.
    Bureau Clearance Officer: Yvette Lawrence, Internal Revenue 
Service, 1111 Constitution Avenue NW., Washington, DC 20224; (202) 927-
4374.
    OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New 
Executive Office Building, Room 10235, Washington, DC 20503; (202) 395-
7873.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2011-30008 Filed 11-18-11; 8:45 am]
BILLING CODE 4830-01-P