[Federal Register Volume 77, Number 206 (Wednesday, October 24, 2012)]
[Notices]
[Pages 65052-65053]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-26113]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

October 18, 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 November 23, 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: 1545-0193.
    Type of Review: Revision of a currently approved collection.
    Title: Form 4972--Tax on Lump-Sum Distributions (From Qualified 
Retirement Plans of Plan Participants Born Before 1936).
    Form: 4972.
    Abstract: IRC Section 402(e) allows taxpayers to compute a separate 
tax on a lump sum distribution from a qualified retirement plan. Form 
4972 is used to correctly figure that tax. The data is used to verify 
the correctness of the separate tax. Form 4972 is also used to make the 
special 20% capital gain election attributable to pre-1974 
participation from the lump-sum distribution.
    Affected Public: Private Sector: Businesses or other For-Profit 
Institutions.
    Estimated Total Burden Hours: 61,257.

    OMB Number: 1545-0771.
    Type of Review: Extension without change of a currently approved 
collection.

[[Page 65053]]

    Title: EE-63-88 (Final and temporary regulations) Taxation of 
Fringe Benefits and Exclusions From Gross Income for Certain Fringe 
Benefits; IA-140-86 (Temporary) Fringe Benefits; Listed Property.
    Abstract: This regulation provides guidance on the tax treatment of 
taxable and nontaxable fringe benefits and general and specific rules 
for the valuation of taxable fringe benefits in accordance with Code 
sections 61 and 132. The regulation also provides guidance on 
exclusions from gross income for certain fringe benefits. IA-140-86 
This regulation provides guidance relating to the requirement that any 
deduction or credit with respect to business travel, entertainment, and 
gift expenses be substantiated with adequate records in accordance with 
Code section 274(d).
    Affected Public: Private Sector: Business or other for-profits.
    Estimated Total Burden Hours: 37,922,688.

    OMB Number: 1545-1809.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form 8882--Credit for Employer-Provided Child Care 
Facilities and Services.
    Form: 8882.
    Abstract: Qualified employers use Form 8882 to request a credit for 
employer-provided child care facilities and services. Section 45F 
provides credit based on costs incurred by an employer in providing 
childcare facilities and resource and referral services. The credit is 
25% of the qualified childcare expenditures plus 10% of the qualified 
childcare resource and referral expenditures for the tax year, up to a 
maximum credit of $150,000 per tax year.
    Affected Public: Private Sector: Business or other for-profits.
    Estimated Total Burden Hours: 2,459,998.

    OMB Number: 1545-1996.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2006-05, Waiver for Reasonable Cause for Failure to 
Report Loan Origination Fees and Capitalized Interest.
    Abstract: This Notice provides information to payees who receive 
payment of interest on qualified education loans who are unable to 
comply with the information reporting requirements under section 6050S 
of the Internal Revenue Code.
    Affected Public: Private Sector: Business or other for-profits.
    Estimated Total Burden Hours: 5,000.

    OMB Number: 1545-2155.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: TD 9469 (REG-102822-08) Section 108 Reduction of Tax 
Attributes for S Corporations.
    Abstract: The regulation provides guidance to S corporations that 
must reduce their tax attributes under section 108(b) of the Internal 
Revenue Code for taxable years in which an S corporation incurs 
discharge of indebtedness income that is excluded under section 108(a). 
The regulations affect S corporations and their shareholders. The 
collection of information in the regulations requires shareholders to 
inform the S corporation of a shareholder-level tax attribute that the 
S corporation must reduce under section 108(b). Following the tax 
attribute reduction, the S corporation must inform the shareholders of 
the remaining balance, if any, of the shareholder's tax attribute.
    Affected Public: Private Sector: Business or other for-profits.
    Estimated Total Burden Hours: 1,000.

    OMB Number: 1545-2205.
    Type of Review: Revision of a currently approved collection.
    Title: Form 1099-K, Merchant Card and Third Party Payments.
    Abstract: This form is in response to section 3091(a) of Public Law 
110-289, the Housing Assistance Tax Act of 2008 (Div. C of the Housing 
and Economic Recovery Act of 2010). The form reflects payments made in 
settlement of merchant card and third party network transactions for 
purchases of goods and/or services made with merchant cards and through 
third party networks.
    Affected Public: Private Sector: Business or other for-profits.
    Estimated Total Burden Hours: 18,298.

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2012-26113 Filed 10-23-12; 8:45 am]
BILLING CODE 4830-01-P