[Federal Register Volume 77, Number 125 (Thursday, June 28, 2012)]
[Notices]
[Pages 38713-38714]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-15812]


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

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

June 25, 2012.
    The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before July 30, 2012 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestion for reducing 
the burden, to (1) Office of Information and Regulatory Affairs, Office 
of Management and Budget, Attention: Desk Officer for Treasury, New 
Executive Office Building, Room 10235, Washington, DC 20503, or email 
at [email protected] and (2) Treasury PRA Clearance Officer, 
1750 Pennsylvania Ave. NW., Suite 8140, Washington, DC 20220, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be 
obtained by calling (202) 927-5331, email at [email protected], or the 
entire information collection request maybe found at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Number: 1545-0957.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Request for Waiver From Filing Information Returns 
Electronically/Magnetically (Forms W-2, W-2G, 1042-S, 1098 Series, 1099 
Series, 5498 Series, and 8027.
    Form: 8508.
    Abstract: Certain filers of information returns are required by law 
to file on magnetic media. In some instances, waivers from this 
requirement are necessary and justified. Form 8508 is submitted by the 
filer and provides information on which IRS will base its waiver 
determination.
    Affected Public: Private Sector: Business or other for-profits.
    Estimated Total Burden Hours: 750.
    OMB Number: 1545-1957.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2005-64, Foreign Tax Credit and Other Guidance Under 
Section 965.
    Abstract: This document provides guidance under section 965 enacted 
by the American Jobs Creation Act of 2004 (Pub. L. 108-357). In 
general, and subject to limitation and conditions, section 965(a) 
provides that a corporation that is a U.S. shareholder of a controlled 
foreign corporation (CFC) may elect, for one taxable year, an 85 
percent dividends received deduction (DRD) with respect to certain cash 
dividends it receives from its CFC's. Section 965(f) provides that 
taxpayers may elect the application of section 965 for either the 
taxpayer's last taxable year which begins before October 22, 2004, or 
the taxpayer's first taxable year which begins during the one-year 
period beginning on October 22, 2004.
    Affected Public: Private Sector: Business or other for-profits.
    Estimated Total Burden Hours: 250,000.

[[Page 38714]]

    OMB Number: 1545-2223.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2012-7, Iowa Low-Income Housing Credit Disaster 
Relief.
    Abstract: This notice provides guidance to Iowa housing credit 
agencies regarding the suspension of certain income limitation 
requirements under section 42 of the Internal Revenue Code for certain 
low-income housing tax credit properties as a result of the devastation 
caused by flooding in Iowa.
    Affected Public: Individuals or Households.
    Estimated Total Burden Hours: 125.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2012-15812 Filed 6-27-12; 8:45 am]
BILLING CODE 4830-01-P