Federal Register / Vol. 76, No. 70 / Tuesday, April 12, 2011 / Notices 20449 

1750 Pennsylvania Avenue, NW., Suite 

11010, Washington, DC 20220. 

DATES: Written comments should be 

received on or before May 12, 2011 to 

be assured of consideration. 

Internal Revenue Service (IRS) 

OMB Number: 1545–0002. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Employee Representative’s 

Quarterly Railroad Tax Return. 

Form: CT–2. 

Abstract: Employee representatives 

file Form CT–2 quarterly to report 

compensation on which railroad 

retirement taxes are due. IRS uses this 

information to ensure that employee 

representatives have paid the correct 

tax. Form CT–2 also transmits the tax 

payment. 

Respondents: Individual or 

Household. 

Estimated Total Burden Hours: 127. 

OMB Number: 1545–1634. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: REG–106902–98 (Final) 

Consolidated Returns—Consolidated 

Overall Foreign Losses and Separate 

Limitation Losses. 

Abstract: The regulations provide 

guidance relating to the amount of 

overall foreign losses and separate 

limitation losses in the computation of 

the foreign tax credit. The regulation 

affect consolidated groups of 

corporations that compute the foreign 

tax credit limitation or that dispose of 

property used in a foreign trade or 

business. 

Respondents: Private sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 3,000. 

OMB Number: 1545–1770. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: REG–115054–01 (Final) 

Treatment of Community Income for 

Certain Individuals Not Filing Joint 

Returns. 

Abstract: The regulations provide 

rules to determine how community 

income is treated under section 66 for 

certain married individuals in 

community property states who do not 

file joint individual Federal income tax 

returns. The regulations also reflect 

changes in the law made by the IRS 

Restructuring and Reform Act of 1998. 

Respondents: Individuals or 

Households. 

Estimated Total Burden Hours: 1. 

OMB Number: 1545–1800. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Reportable Transaction 

Disclosure Statement and Pre-CAP/CAP 

Application Form. 

Form: 8886. 

Abstract: Form 8886 is used to 

disclose participation in reportable 

transactions by taxpayers as described 

in regulations 1.6011–4. The 

Compliance Assurance Process (CAP) is 

a strictly voluntary program available to 

LMSB taxpayers that meet the selection 

criteria. CAP is a real-time review of 

completed business transactions during 

the CAP year with the goal of providing 

certainty of the tax return within 90 

days of the filing. The Pre-CAP/CAP 

Application Form is used by taxpayers 

wanting to join the program each year. 

Participation in the CAP program is 

completely voluntary and is only 

available for LMSB Taxpayers. 

Respondents: Private sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 9,112. 

OMB Number: 1545–2083. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Applicable Insurance Contracts 

Information Return. 

Form: 8921. 

Abstract: To comply with IRC section 

6050V, as added by the Pension 

Protection Act of 2006, an applicable 

exempt organization must file a Form 

8921 for each structured transaction 

under which it makes reportable 

acquisitions of applicable insurance 

contracts. 

Respondents: Private sector: Not-forprofit institutions. 

Estimated Total Burden Hours: 

1,794,500. 

OMB Number: 1545–2098. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Rev. Proc. 2007–99 (RP– 

127367–07), 9100 Relief Under Sections 

897 and 1445. 

Abstract: The IRS needs certain 

information to determine whether a 

taxpayer should be granted permission 

to make late filings of certain statements 

or notices under sections 897 and 1445. 

The information submitted will include 

a statement by the taxpayer 

demonstrating reasonable cause for the 

failure to timely make relevant filings 

under sections 897 and 1445. 

Respondents: Private sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 4. 

OMB Number: 1545–2195. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Statement of Foreign Financial 

Assets. 

Form: 8938. 

Abstract: The collection of 

information in Form 8938 will be the 

means by which taxpayers will comply 

with self-reporting obligations imposed 

under section 6038D with respect to 

foreign financial assets. 

Respondents: Individuals or 

Households. 

Estimated Total Burden Hours: 

378,000. 

OMB Number: 1545–2197. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Bond Tax Credit. 

Form: 1097–BTC. 

Abstract: This is an information 

return for reporting tax credit bond 

credits distributed to holders of tax 

credit bonds. The taxpayer holding a tax 

credit bond on an allowance date during 

a tax year is allowed a credit against 

Federal income tax equivalent to the 

interest that the bond would otherwise 

pay. The bondholder must include the 

amount of the credit in gross income 

and treat it as interest income. The 

issuers and holders of the tax credit 

bond will send Form 1097–BTC to the 

bond holders quarterly and file the 

return with the IRS annually. 

Respondents: Private sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 

828,287,508. 

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. 2011–8675 Filed 4–11–11; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

April 6, 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 


srobinson on DSKHWCL6B1PROD with NOTICES
20450 Federal Register / Vol. 76, No. 70 / Tuesday, April 12, 2011 / Notices 

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 May 12, 2011 to 

be assured of consideration. 

Alcohol and Tobacco Tax and Trade 

Bureau (TTB) 

OMB Number: 1513–0069. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Tobacco Products 

Manufacturers—Supporting Records for 

Removals for the Use of the United 

States. 

Abstract: Tobacco products and 

cigarette papers and tubes are taxed 

under the Internal Revenue Code of 

1986, as amended. These items can be 

removed without the payment of tax if 

they are for the use of the United States. 

In order to safeguard taxes, tobacco 

products manufacturers are required to 

maintain a system of records designed 

to establish accountability over the 

tobacco products and cigarette papers 

and tubes produced. Records must be 

retained by the manufacturer for 3 years 

following the close of the year covered 

therein and must be made available for 

inspection by any TTB officer upon his/ 

her request. 

Respondents: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 505 

hours. 

OMB Number: 1513–0128. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Records to Support Tax Free 

and Tax Overpayment Sales of Firearms 

and Ammunition. 

Forms: TTB F 5600.33, 5600.34, 

5600.35, 5600.36, and 5600.37. 

Abstract: Industry members are 

required to maintain certain records in 

accordance with regulations. TTB offers 

forms that ensure that all of the 

information required by regulations is 

accounted for, when completed. The 

information collected on the forms serve 

as a record to justify the sales to exempt 

users, exportation, or use for further 

manufacture of articles. 

Respondents: Private Sector: 

Businesses or other for-profits; State, 

Local, and Tribal Governments. 

Estimated Total Burden Hours: 52,500 

hours. 

Clearance Officer: Gerald Isenberg, 

Alcohol and Tobacco Tax and Trade 

Bureau, Room 200 East, 1310 G Street, 

NW., Washington, DC 20005; (202) 453– 

2165. 

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. 2011–8569 Filed 4–11–11; 8:45 am] 

BILLING CODE 4810–31–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

April 6, 2011. 

The Department of the Treasury will 

submit the following public information 

collection requirement 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 this 

information collection 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 May 12, 2011 to 

be assured of consideration. 

Bureau of the Public Debt (BPD) 

OMB Number: 1535–0137. 

Title: U.S. Treasury Auctions 

Submitter Agreement. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Form: PD F 5441. 

Abstract: Used to request information 

from entities wishing to participate in 

U.S. Treasury Securities Auctions via 

TAPPS Link. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 80. 

Bureau Clearance Officer: Bruce 

Sharp, Bureau of the Public Debt, 200 

Third Street, Parkersburg, West Virginia 

26106; (304) 480–8112. 

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. 2011–8586 Filed 4–11–11; 8:45 am] 

BILLING CODE 4810–39–P 

DEPARTMENT OF THE TREASURY 

Designation of Nine Individuals 

Pursuant to Executive Order 13566 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The Treasury Department’s 

Office of Foreign Assets Control 

(‘‘OFAC’’) is publishing the names of 

nine individuals newly-designated as 

persons whose property and interests in 

property are blocked pursuant to 

Executive Order 13566 of February 25, 

2011, ‘‘Blocking Property and 

Prohibiting Certain Transactions Related 

to Libya.’’ 

DATES: The designation by the Director 

of OFAC of the nine individuals 

identified in this notice, pursuant to 

Executive Order 13566 of February 25, 

2011, is effective March 11, 2011. 

FOR FURTHER INFORMATION CONTACT: 

Assistant Director, Compliance 

Outreach & Implementation, Office of 

Foreign Assets Control, Department of 

the Treasury, Washington, DC 20220, 

Tel.: 202/622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability 

This document and additional 

information concerning OFAC are 

available from OFAC’s Web site 

(http://www.treas.gov/ofac) or via 

facsimile through a 24-hour fax-ondemand service, Tel.: 202/622–0077. 

Background 

On February 25, 2011, the President 

issued Executive Order 13566, 

‘‘Blocking Property and Prohibiting 

Certain Transactions Related to Libya’’ 

(the ‘‘Order’’) pursuant to, inter alia, the 

International Emergency Economic 

Powers Act (50 U.S.C. 1701–06). 

Section 1 of the Order blocks, with 

certain exceptions, all property and 

interests in property that are in the 

United States, that come within the 

United States, or that are or come within 

the possession or control of any United 

States person, of persons listed in the 

Annex to the Order and of persons 

determined by the Secretary of the 

Treasury, in consultation with Secretary 

of State, to meet any of the criteria set 

forth in the Order. 

The Annex to the Order listed five 

individuals whose property and 

interests in property are blocked 

pursuant to the Order. 

On March 11, 2011, the Director of 

OFAC, in consultation with the 

Secretary of State, designated, pursuant 

to one or more of the criteria set forth 

in subparagraphs (b)(i) through (b)(vi) of 


srobinson on DSKHWCL6B1PROD with NOTICES