[Federal Register Volume 77, Number 230 (Thursday, November 29, 2012)]
[Notices]
[Pages 71208-71211]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-28895]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 26, 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 December 31, 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: 1545-0025.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Affiliations Schedule.
    Form: 851.
    Abstract: Form 851 provides IRS with information to ascertain (1) 
the names and identification numbers of the members of the affiliated 
group included in the consolidated return, (2) taxes paid by each 
member of the group, and (3) stock ownership; changes in stock 
ownership and other information to determine that each corporation is a 
qualified member of the affiliated group as defined in section 1504 of 
the Code.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 51,040.

    OMB Number: 1545-0166.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Recapture of Investment Credit.
    Form: 4255.
    Abstract: IRC section 50(a) and Sec.  1.47 require that taxpayers 
attach a statement to their return showing the computation of the 
recapture tax when investment credit property is disposed of before the 
end of the recapture period used in the original computation of the 
investment credit.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 129,492.

    OMB Number: 1545-0239.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Statement by Person(s) Receiving Gambling Winnings.
    Form: 5754.
    Abstract: Section 3402(q)(6) of the IRC requires a statement by the 
person receiving certain gambling winnings when that person is not the 
winner or is one of a group of winners. It enables the payer to 
properly apportion the winnings and withheld tax on Form W-2G. The 
information on Form W-2G is used to ensure that recipients are properly 
reporting their income.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 40,800.

    OMB Number: 1545-0644.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Gains and Losses From Section 1256 Contracts and Straddles.
    Form: 6781.
    Abstract: Form 6781 is used by taxpayers to compute their gains and 
losses from Section 1256 contracts and straddles and their special tax 
treatment. The data is used to verify that the tax reported accurately 
reflects any such gains and losses.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 903,236.

    OMB Number: 1545-0745.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: LR-27-83 (TD 7882--final) Floor Stocks Credits or Refunds 
and Consumer Credits or Refunds With Respect to Certain Tax-Repealed 
Articles; Excise Tax on Heavy Trucks; LR-54-85 (TD 8050) Excise Tax on 
Heavy Trucks, Truck Trailers and Semitrailers, and Tractors; Reporting 
and Recordkeeping Requirements.
    Abstract: LR-27-83 (TD 7882), requires sellers of trucks, trailers 
and semitrailers, and tractors to maintain records of the gross vehicle 
weights of articles sold to verify taxability. LR-54-

[[Page 71209]]

85 (TD 8050), requires that if the sale is to be treated as exempt, the 
seller and the purchaser must be registered and the purchaser must give 
the seller a resale certificate.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 4,140.

    OMB Number: 1545-0996.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: REG-130477-00; REG-130481-00 (TD 8987 -Final), Required 
Distributions From Retirement Plans.
    Abstract: The regulations relate to the required minimum 
distribution from qualified plans, individual retirement plans, 
deferred compensation plans under section 457, and section 403(b) 
annuity contracts, custodial accounts, and retirement income accounts.
    Affected Public: State, Local, and Tribal Governments.
    Estimated Total Burden Hours: 8,400.

    OMB Number: 1545-1014.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form 1066, U.S. Real Estate Mortgage Investment Conduit 
(REMIC) Income Tax Return; Schedule Q (Form 1066) Quarterly Notice to 
Residual Interest Holder of REMIC Taxable Income or Net Loss.
    Form: 1066, Schedule Q (Form 1066).
    Abstract: Form 1066 and Schedule Q (Form 1066) are used by a real 
estate mortgage investment conduit (REMIC) to figure its tax liability 
and income and other tax-related information to pass through to its 
residual holders. IRS uses the information to determine the correct tax 
liability of the REMIC and its residual holders.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 756,580.

    OMB Number: 1545-1131.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: INTL-485-89 (TD 8400 -Final) Taxation of Gain or Loss from 
Certain Nonfunctional Currency Transactions (Section 988 Transactions).
    Abstract: Sections 988(c)(1)(D) and (E) require taxpayers to make 
certain elections which determine whether section 988 applies. In 
addition, sections 988(a)(1)(B) and 988(d) require taxpayers to 
identify transactions which generate capital gain or loss or which are 
hedges of other transactions.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 3,333.

    OMB Number: 1545-1163.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form 8822--Change of Address (For Individual, Gift, Estate, 
or Generation-Skipping Transfer Tax Returns); Form 8822-B--Change of 
Address--Business.
    Form: 8822, 8822-B.
    Abstract: Form 8822 and 8822-B are used by taxpayers to furnish 
their change of address to the Internal Revenue Service. Form 8822 is 
used by individual taxpayers while Form 8822-B will be used by business 
taxpayers.
    Affected Public: Private Sector: Businesses or other for-profits; 
Individuals or Households.
    Estimated Total Burden Hours: 264,792.

    OMB Number: 1545-1426.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: INTL-21-91 (TD 8656--Final) Section 6662--Imposition of the 
Accuracy-Related Penalty.
    Abstract: These regulations provide guidance about substantial and 
gross valuation misstatements as defined in sections 6662(e) and 
6662(h). They also provide guidance about the reasonable cause and good 
faith exclusion. The regulations apply to taxpayers who have 
transactions between persons described in section 482 and not section 
482 transfer price adjustments.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 20,125.

    OMB Number: 1545-1520.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2011-4 (Letter Rulings), Revenue Procedure 
2011-5 (Technical Advice), Revenue Procedure 2011-6 (Determination 
Letters), and Revenue Procedure 2011-8 (User Fees).
    Abstract: The information requested in Revenue Procedure 2011-4, 
Revenue Procedure 2011-5, Revenue Procedure 2011-6, and Revenue 
Procedure 2011-8 is required to enable the Office of the Division 
Commissioner (Tax Exempt and Government Entities) of the Internal 
Revenue Service to give advice on filing letter ruling, determination 
letter, and technical advice requests, to process such requests, and to 
determine the amount of any user fees.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 178,146.

    OMB Number: 1545-1535.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 97-19, Timely Mailing Treated as Timely 
Filing.
    Abstract: Revenue Procedure 97-19 provides the criteria that will 
be used by the IRS to determine whether a private delivery service 
qualifies as a designated Private Delivery Service under section 7502 
of the Internal Revenue Code.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 3,069.

    OMB Number: 1545-1674.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2011-49, Master and Prototype and Volume 
Submitter Plans (previously Rev. Proc. 2005-16).
    Abstract: The master and prototype and volume submitter revenue 
procedure sets forth the procedures for sponsors of master and 
prototype and volume submitter pension, profit-sharing and annuity 
plans to request an opinion letter or an advisory letter from the 
Internal Revenue Service that the form of a master or prototype plan or 
volume submitter plan meets the requirements of section 401(a) of the 
Internal Revenue Code. The information requested in sections 5.11, 
8.02, 11.02, 12, 14.05 15.02, 18, and 24 of the master and prototype 
revenue procedure is in addition to the information required to be 
submitted with Forms 4461.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 1,058,850.

    OMB Number: 1545-1801.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2002-67, Settlement of Section 351 
Contingent Liability Tax Shelter Cases.
    Abstract: This revenue procedure prescribes procedures for 
taxpayers who elect to participate in a settlement initiative aimed at 
resolving tax shelter cases involving contingent liability transactions 
that are the same or similar to those described in Notice 2001-17 
(``contingent liability transactions''). There are two resolution 
methodologies: a fixed concession procedure and a fast track dispute 
resolution procedure that includes binding arbitration.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 7,500.


[[Page 71210]]


    OMB Number: 1545-1804.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: New Markets Credit.
    Form: 8874.
    Abstract: Investors use Form 8874 to request a credit for equity 
investments in community development entities.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 32,464.

    OMB Number: 1545-1814.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Changes in Corporate Control and Capital Structure.
    Form: 1099-CAP.
    Abstract: Any corporation that undergoes reorganization under Sec.  
1.6043-4T with stock, cash, and other property over $100 million must 
file Form 1099-CAP with the IRS shareholders.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 67.

    OMB Number: 1545-1833.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2003-37, Documentation Provisions for 
Certain Taxpayers Using the Fair Market Value Method of Interest 
Expense Apportionment.
    Abstract: Revenue Procedure 2003-37 describes documentation and 
information a taxpayer that uses the fair market value method of 
apportionment of interest expense may prepare and make available to the 
Service upon request in order to establish the fair market value of the 
taxpayer's assets to the satisfaction of the Commissioner as required 
by Sec. 1.861-9T(g)(1)(iii). It also sets forth the procedures to be 
followed in the case of elections to use the fair market value method.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 625.

    OMB Number: 1545-1837.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Revenue Procedure 2003-36, Industry Issue Program.
    Abstract: Revenue Procedure 2003-36 describes the procedures for 
business taxpayers, industry associations, and others representing 
business taxpayers to submit issues for resolution under the IRS's 
Industry Issues Resolution Program.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 2,000.

    OMB Number: 1545-1972.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Supplemental Income and Loss.
    Form: Schedule E (1040).
    Abstract: Schedule E (Form 1040) is used by individuals to report 
their supplemental income. The data is used to verify that the items 
reported on the form is correct and also for general statistical use.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 284,599.

    OMB Number: 1545-1974.
    Type of Review: Revision of a currently approved collection.
    Title: Profit and Loss from Business.
    Form: Schedule C (1040).
    Abstract: Schedule C (Form 1040) is used by individuals to report 
their business income, loss and expenses. The data is used to verify 
that the items reported on the form is correct and also for general 
statistical use.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 71,701,693.

    OMB Number: 1545-1975.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Profit or Loss From Farming.
    Form: Schedule F (1040).
    Abstract: Schedule F (Form 1040) is used by individuals to report 
their employment taxes. The data is used to verify that the items 
reported on the form is correct and also for general statistical use.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 7,796,240.

    OMB Number: 1545-1998.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Alternative Motor Vehicle Credit.
    Form: 8910.
    Abstract: Taxpayers will file Form 8910 to claim the credit for 
certain alternative motor vehicles placed in service after 2005.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 115,900.

    OMB Number: 1545-2003.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Notice 2006-24, Qualifying Advanced Coal Project Program.
    Abstract: This notice establishes the qualifying advanced coal 
project program under Sec. 48A of the Internal Revenue Code. The notice 
provides the time and manner for a taxpayer to apply for an allocation 
of qualifying advanced coal project credits and, once the taxpayer has 
received this allocation, the time and manner for the taxpayer to file 
for a certification of its qualifying advanced coal project.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 4,950.

    OMB Number: 1545-2008.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Nonconventional Source Fuel Credit.
    Form: 8907.
    Abstract: Form 8907 will be used to claim a credit from the 
production and sale of fuel created from nonconventional sources. For 
tax years ending after 12/31/05 fuel from coke or coke gas can qualify 
for the credit, and the credit becomes part of the general business 
credit.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 171,160.

    OMB Number: 1545-2011.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Certification of Intent to Adopt a Pre-approved Plan.
    Form: 8905.
    Abstract: Use Form 8905 to treat an employer's plan as a pre-
approved plan and therefore eligible for the six-year remedial 
amendment cycle of Part IV of Revenue Procedure 2005-66, 2005-37 I.R.B. 
509.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 110,490.

    OMB Number: 1545-2140.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Airplane Payments Report.
    Form: 8935, 8935-T.
    Abstract: Form 8935 will provide to the employee, current or 
former, the amount of the payment that was received from the airline 
that is eligible for rollover treatment into a Roth IRA. Form 8935-T is 
a transmittal form developed for filing information reporting Forms 
8935, Airline Payments Reports, with the Service via paper filing.

[[Page 71211]]

    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 44.

    OMB Number: 1545-2141.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: NOT-2009-31--Election and Notice Procedures for 
Multiemployer Plans under Sections 204 and 205 of WRERA.
    Abstract: The guidance in this notice implements temporary, 
elective relief under the Workers, Retirees, and Employers Relief Act 
of 2008 (WRERA), for multiemployer pension plans from certain funding 
requirements.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 1,600.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2012-28895 Filed 11-28-12; 8:45 am]
BILLING CODE 4830-01-P