2752 Federal Register / Vol. 76, No. 10 / Friday, January 14, 2011 / Notices 

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-forprofit 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-forprofit 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 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

January 10, 2010. 

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 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: 1545–1292. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: PS–97–91 and PS–101–90 (T.D. 

8448) Enhanced Oil Recovery Credit. 

Abstract: This regulation provides 

guidance concerning the costs subject to 

the enhanced oil recovery credit, the 

circumstances under which the credit is 

available, and procedures for certifying 

to the Internal Revenue Service that a 

project meets the requirements of 

section 43(c) of the Internal Revenue 

Code. 

Respondents: Private sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 1,460 

hours. 

OMB Number: 1545–1324. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: CO–88–90 (TD 8530—Final) 

Limitation on Net Operating Loss 

Carryforwards and Certain Built-in 

Losses Following Ownership Change; 

Rule for Value of a Loss Corporation 

Under the Jurisdiction of a Court in a 

Title II Case. 

Abstract: This information serves as 

evidence of an election to apply section 

382(1)(6) in lieu of section 382(1)(5) and 

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Federal Register / Vol. 76, No. 10 / Friday, January 14, 2011 / Notices 2753 

1 12 U.S.C. 4804. 

2 42 U.S.C. 4104(a). 

3 12 U.S.C. 4104a and 4104b. 

4 12 U.S.C. 4012a and 4106(b). 

an election to apply the provisions of 

the regulations retroactively. It is 

required by the Internal Revenue 

Service to assure that the proper amount 

of carryover attributes are used by a loss 

corporation following specified types of 

ownership changes. 

Respondents: Private sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 813 

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. 

Dawn D. Wolfgang, 

Treasury PRA Clearance Officer. 

[FR Doc. 2011–813 Filed 1–13–11; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

Agency Information Collection 

Activities: Proposed Agency 

Information Collection Activities; 

Comment Request 

AGENCY: Office of the Comptroller of the 

Currency (OCC), Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: The OCC, as part of its 

continuing effort to reduce paperwork 

and respondent burden, invites the 

general public and other Federal 

agencies to comment on a continuing 

information collection, as required by 

the Paperwork Reduction Act of 1995. 

An agency may not conduct or sponsor, 

and a respondent is not required to 

respond to, an information collection 

unless it displays a currently valid 

Office of Management and Budget 

(OMB) control number. The OCC is 

soliciting comment concerning its 

information collection titled ‘‘Loans in 

Areas Having Special Flood Hazards.’’ 

DATES: You should submit written 

comments by: March 15, 2011. 

ADDRESSES: Communications Division, 

Office of the Comptroller of the 

Currency, Mail Stop 2–3, Attention: 

1557–0202, 250 E Street, SW., 

Washington, DC 20219. In addition, 

comments may be sent by fax to (202) 

874–5274, or by electronic mail to 

regs.comments@occ.treas.gov. You may 

personally inspect and photocopy 

comments at the OCC, 250 E Street, 

SW., Washington, DC. For security 

reasons, the OCC requires that visitors 

make an appointment to inspect 

comments. You may do so by calling 

(202) 874–4700. Upon arrival, visitors 

will be required to present valid 

government-issued photo identification 

and to submit to security screening in 

order to inspect and photocopy 

comments. 

Additionally, you should send a copy 

of your comments to OCC Desk Officer, 

1557–0202, by mail to U.S. Office of 

Management and Budget, 725 17th 

Street, NW., #10235, Washington, DC 

20503, or by fax to (202) 395–6974. 

FOR FURTHER INFORMATION CONTACT: You 

can request additional information or a 

copy of the collection from Mary H. 

Gottlieb, (202) 874–5090, Legislative 

and Regulatory Activities Division, 

Office of the Comptroller of the 

Currency, 250 E Street, SW., 

Washington, DC 20219. 

SUPPLEMENTARY INFORMATION: The OCC 

is proposing to extend OMB approval of 

the following information collection: 

Title: Loans in Areas Having Special 

Flood Hazards—12 CFR 22. 

OMB Control Number: 1557–0202. 

Description: The regulation requires 

national banks to make disclosures and 

keep records regarding whether a 

property held as security for a loan is 

located in a special flood hazard area. 

This information collection is 

required by section 303(a) 1 and title V 

of the Riegle Community Development 

and Regulatory Improvement Act,2 the 

National Flood Insurance Reform Act of 

1994 amendments to the National Flood 

Insurance Act of 1968,3 the Flood 

Disaster Protection Act of 1973,4 and by 

OCC regulations implementing those 

statutes. The information collection 

requirements are contained in 12 CFR 

part 22. 

Section 22.6 requires a national bank 

to use the Standard Flood Hazard 

Determination Form developed by the 

Federal Emergency Management Agency 

(FEMA) and to maintain a completed 

copy of that form for the period of time 

the bank owns the loan. 

Section 22.7 requires a national bank 

or its loan servicer, if a borrower has not 

obtained flood insurance, to notify the 

borrower to obtain adequate flood 

insurance coverage or the bank or 

servicer will purchase flood insurance 

on the borrower’s behalf. 

Section 22.9 requires a national bank 

making, extending, increasing, or 

renewing a loan secured by a building 

or a mobile home located in a special 

flood hazard area to advise the borrower 

and the loan servicer that the property 

is located in a special flood hazard area, 

provide a description of the flood 

insurance purchase requirements, and 

provide information regarding the 

availability of insurance under the 

National Flood Insurance Program and 

of Federal assistance in the event of a 

declared Federal flood disaster. In lieu 

of providing the borrower notice, a 

national bank may obtain a satisfactory 

written assurance from a seller or lessor 

that, within a reasonable time before 

completion of the sale or lease 

transaction, the seller or lessor provided 

such notice to the purchaser or lessee. 

For the period of time the bank owns 

the loan, the bank must maintain a 

record of the borrower’s and loan 

servicer’s receipts of these notices and, 

where appropriate, the written 

assurance from the seller or the lessor. 

Section 22.10 requires a national bank 

making, increasing, extending, 

renewing, selling, or transferring a loan 

secured by a building or a mobile home 

located in a special flood hazard area to 

notify FEMA of the identity of the 

servicer, and of any change in servicers. 

These information collection 

requirements ensure bank compliance 

with applicable Federal law, further 

bank safety and soundness, provide 

protections for banks and the public, 

and further public policy interests. 

Type of Review: Regular review. 

Affected Public: Businesses or other 

for-profit. 

Estimated Number of Respondents: 

1,650. 

Estimated Total Annual Responses: 

166,650. 

Estimated Frequency of Response: On 

occasion. 

Estimated Time per Respondent: 25.5 

hours. 

Estimated Total Annual Burden: 

42,075 hours. 

An agency may not conduct or 

sponsor, and a respondent is not 

required to respond to, an information 

collection unless the information 

collection displays a currently valid 

OMB control number. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the request for OMB 

approval. All comments become a 

matter of public record. Comments are 

invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) The accuracy of the agency’s 

estimate of the burden of the collection 

of information; 

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