70772 Federal Register / Vol. 75, No. 222 / Thursday, November 18, 2010 / Notices 

shall be furnished to the applicant at the 

address listed above. 

FRA expects to be able to determine 

these matters without an oral hearing. 

However, if a specific request for an oral 

hearing is accompanied by a showing 

that the party is unable to adequately 

present his or her position by written 

statements, an application may be set 

for public hearing. 

All communications concerning this 

proceeding should be identified by 

Docket Number FRA–2010–0157 and 

may be submitted by one of the 

following methods: 

• Web site: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments 

on the DOT electronic site; 

• Fax: 202–493–2251; 

• Mail: Docket Management Facility, 

U.S. Department of Transportation, 1200 

New Jersey Avenue, SE., West Building 

Ground Floor, Room W12–140, 

Washington, DC 20590; or 

• Hand Delivery: Room W12–140 of 

the U.S. Department of Transportation 

West Building Ground Floor, 1200 New 

Jersey Avenue, SE., Washington, DC, 

between 9 a.m. and 5 p.m., Monday 

through Friday, except Federal holidays. 

Communications received within 45 

days of the date of this notice will be 

considered by FRA before final action is 

taken. Comments received after that 

date will be considered as far as 

practicable. All written communications 

concerning these proceedings are 

available for examination during regular 

business hours (9 a.m.–5 p.m.) at the 

above facility. All documents in the 

public docket are also available for 

inspection and copying on the Internet 

at the docket facility’s Web site at 

http://www.regulations.gov. 

FRA wishes to inform all potential 

commenters that anyone is able to 

search the electronic form of all 

comments received into any of our 

dockets by the name of the individual 

submitting the comment (or signing the 

comment, if submitted on behalf of an 

association, business, labor union, etc.). 

You may review DOT’s complete 

Privacy Act Statement in the Federal 

Register published on April 11, 2000 

(65 FR 19477) or at http://www.dot.gov/ 

privacy.html. 

Issued in Washington, DC, on November 

12, 2010. 

Michael Logue, 

Deputy Associate Administrator for Safety 

Compliance and Program Implementation. 

[FR Doc. 2010–29102 Filed 11–17–10; 8:45 am] 

BILLING CODE 4910–06–P 

DEPARTMENT OF TRANSPORTATION 

Federal Highway Administration 

Notice of Intent To Prepare an 

Environmental Impact Statement, WIS 

47, Outagamie and Shawano Counties, 

Wisconsin 

AGENCY: Federal Highway 

Administration (FHWA), DOT. 

ACTION: Notice of Intent To Prepare an 

Environmental Impact Statement. 

SUMMARY: The FHWA is issuing this 

notice to advise the public that an 

Environmental Impact Statement (EIS) 

will be prepared for long-range 

transportation improvements in the WIS 

47 corridor in Outagamie and Shawano 

Counties, Wisconsin. The EIS is being 

prepared in conformance with 40 CFR 

part 1500 and FHWA regulations. 

SUPPLEMENTARY INFORMATION: The 

Federal Highway Administration 

(FHWA), in cooperation with the 

Wisconsin Department of 

Transportation (WisDOT), will prepare a 

tiered Environmental Impact Statement 

(EIS) on long-range improvements to 

address transportation demand, traffic 

operations, safety concerns, and 

corridor preservation needs on an 

approximate 33-mile portion of WIS 47 

between U.S. 41 in Outagamie County 

and WIS 29 in Shawano County. The 

tiered EIS will evaluate the no build 

alternative and a range of short-term and 

long-term improvement alternatives. 

The tiered EIS will also serve as a 

corridor preservation tool for protecting 

the land needed for future 

transportation improvements and to 

assist local officials in making 

compatible land use decisions. More 

detailed Tier 2 environmental 

documents would be prepared for 

specific improvement projects when 

factors such as safety concerns, traffic 

volumes and existing deficiencies 

indicate the need for such 

improvements. 

Participation by the public, local 

officials, State and Federal regulatory 

agencies, Native American Tribes and 

other interests will be solicited through 

a stakeholder committee, public 

information meetings, agency 

coordination meetings, and a public 

hearing. Opportunities to be a 

participating and/or cooperating agency 

and to provide input on the project’s 

coordination plan and impact 

assessment methodology will also be 

provided under Section 6002 of the 

Safe, Accountable, Flexible, Efficient 

Transportation Equity Act: A Legacy for 

Users (SAFETEA–LU). 

This study shall comply with Title VI 

of the Civil Rights Act and of Executive 

Order 12898, which prohibits 

discrimination on the basis of race, 

color, age, sex, or country of national 

origin in the implementation of this 

action. To ensure that the full range of 

issues related to this proposed action is 

addressed, and all substantive issues are 

identified, comments and suggestions 

are invited from all interested parties. 

Comments or questions concerning this 

proposed action should be directed to 

FHWA or WisDOT at the addresses 

provided below (Catalog of Federal 

Domestic Assistance Program Number 

20.205, Highway Planning and 

Construction.) 

FOR FURTHER INFORMATION CONTACT: 

Tracey McKenney, Major Projects 

Program Manager/Team Leader, Federal 

Highway Administration, 525 Junction 

Road, Suite 8000, Madison, WI 53717– 

2157; Telephone: (608) 829–7510. You 

may also contact Eugene Johnson, 

Director, Bureau of Equity and 

Environmental Services, Wisconsin 

Department of Transportation, P.O. Box 

7916, Madison, Wisconsin 53707–7916: 

Telephone: (608) 267–9527. 

An electronic copy of this document 

may be downloaded from the 

Government Printing Office’s Electronic 

Bulletin Board Service at (202) 512– 

1661 by using a computer modem and 

suitable communications software. 

Internet users may reach the Office of 

Federal Register’s home page at: http:// 

www.archives.gov/ and the Government 

Printing Office’s database at: http:// 

www.gpoaccess.gov/nara/index.html. 

Authority: 23 U.S.C. 315; 49 CFR 1.48. 

Issued on: November 12, 2010. 

Tracey McKenney, 

Major Projects Program Manager, Federal 

Highway Administration, Madison, 

Wisconsin. 

[FR Doc. 2010–29131 Filed 11–17–10; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

November 12, 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 submissions may be obtained by 

calling the Treasury Bureau Clearance 

Officer listed. Comments regarding 

these information collections should be 

mstockstill on DSKH9S0YB1PROD with NOTICES

Federal Register / Vol. 75, No. 222 / Thursday, November 18, 2010 / Notices 70773 

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 December 20, 2010 

to be assured of consideration. 

Internal Revenue Service (IRS) 

OMB Number: 1545–0172. 

Type of Review: Revision to a 

currently approved collection. 

Title: Form 4562—Depreciation and 

Amortization (Including Information on 

Listed Property). 

Form: 4562. 

Abstract: Taxpayers use Form 4562 to: 

(1) Claim a deduction for depreciation 

and/or amortization; (2) make a section 

179 election to expense depreciable 

assets; and (3) answer questions 

regarding the use of automobiles and 

other listed property to substantiate the 

business use under section 274(d). 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 

1,671,337,275 hours. 

OMB Number: 1545–0531. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: Form 706–NA, United States 

Estate (and Generation-Skipping 

Transfer) Tax Return, Estate of 

nonresident not a citizen of the United 

States. 

Form: 706–NA. 

Abstract: Under section 6018, 

executors must file estate tax returns for 

nonresident non-citizens that had 

property in the U.S. Executors use Form 

706–NS for this purpose. IRS uses the 

information to determine correct tax and 

credits. 

Respondents: Individuals and 

Households. 

Estimated Total Burden Hours: 3,584 

hours. 

OMB Number: 1545–0798. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: 26 CFR 31.6001–1 Records in 

general; 26 CFR 31.6001–2 Additional 

Records under FICA; 26 CFR 31.6001– 

3, Additional records under Railroad 

Retirement Tax Act; 26 CFR 31.6001–5 

Additional records. 

Abstract: IRC section 6001 requires, in 

part, that every person liable for tax or 

for the collection of that tax keep such 

records and comply with such rules and 

regulations as the Secretary may from 

time to time prescribe. 26 CFR 31.6001 

has special application to employment 

taxes. These records are needed to 

ensure compliance with the Code. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 

30,273,950 hours. 

OMB Number: 1545–1142. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: INTL–939–86 (NPRM) Insurance 

Income of a Controlled Foreign 

Corporation for Taxable Years 

Beginning After December 31, 1986. 

Abstract: The information is required 

to determine the location of moveable 

property; allocate income and 

deductions to the proper category of 

insurance income, determine those 

amounts for computing taxable income 

that are derived from an insurance 

company annual statement, and permit 

a CFC to elect to treat related person 

insurance income as income effectively 

connected with the conduct of a U.S. 

trade or business. The respondents will 

be businesses or other for-profit 

institutions. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 14,100 

hours. 

OMB Number: 1545–1357. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: PS–78–91 (TD 8521) (TD 8859) 

(Final) Procedures for Monitoring 

Compliance with Low-Income Housing 

Credit Requirements; PS–50–92 (Final) 

Rules to Carry Out the Purposes of 

Section 42 and for Correcting. 

Abstract: PS–78–91 (TD 8859)—The 

regulations require State allocation 

plans to provide a procedure for State 

and local housing credit agencies to 

monitor for compliance with the 

requirements of section 42 and report 

any noncompliance to the I.R.S. PS–50– 

92. These regulations concern the 

Secretary’s authority to provide 

guidance under section 42, and provide 

for the correction of administrative 

errors and omissions made in 

connection with allocations of lowincome housing credit dollar amounts 

and recordkeeping within a reasonable 

period after their discovery. The final 

regulations affect State and local 

housing credit agencies, owners of 

building projects for which the low 

income housing credit is allocated, and 

taxpayers claiming the low-income 

housing credit. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 

104,899 hours. 

OMB Number: 1545–1597. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: Revenue Procedure 2000–12, 

Application Procedures for Qualified 

Intermediary Status Under Section 

1441; Final Qualified Intermediary 

Withholding Agreement. 

Abstract: Revenue Procedure 2000–12 

describes application procedures for 

becoming a qualified intermediary and 

the requisite agreement that a qualified 

intermediary must execute with the IRS. 

The information will be used by the IRS 

to ensure compliance with the U.S. 

withholding system under the 1441 

regulations (especially proper 

entitlement to treaty benefits). Revenue 

Procedure 2003–64 amends Revenue 

Procedure 2000–12. Revenue Procedure 

2004–21 amends Revenue Procedure 

2003–64. Revenue Procedure 2005–77 

modifies Revenue Procedure 20004–21. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 

301,018 hours. 

OMB Number: 1545–1622. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: Form 8866—Interest 

Computation Under the Look-Back 

Method for Property Depreciated Under 

the Income Forecast Method. 

Form: 8866. 

Abstract: Taxpayers depreciating 

property under the income forecast 

method and placed in service after 

September 13, 1995, must use Form 

8866 to compute and report interest due 

or to be refunded under IRC 167(g)(2). 

The IRS uses Form 8866 to determine if 

the interest has been figured correctly. 

Respondents: Individuals and 

Households. 

Estimated Total Burden Hours: 44,121 

hours. 

OMB Number: 1545–1847. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: Revenue Procedure 2004–29, 

Statistical Sampling in Sec. 274 Context. 

Abstract: For taxpayers desiring to 

establish for purposes of Sec. 274(n)(2), 

(A), (C), (D), or (E) that a portion of the 

total amount of substantiated expenses 

incurred for meals and entertainment is 

excerpted from the 50% limitation of 

Sec. 274(n), the revenue procedure 

requires that taxpayers maintain 

adequate documentation to support the 

statistical application, sample unit 

findings, and all aspects of the sample 

plan. 

Respondents: Businesses or other forprofits. 

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70774 Federal Register / Vol. 75, No. 222 / Thursday, November 18, 2010 / Notices 

Estimated Total Burden Hours: 3,200 

hours. 

OMB Number: 1545–0020. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: United States Gift (and 

Generation-Skipping Transfer) Tax 

Return. 

Form: 709. 

Abstract: Form 709 is used by 

individuals to report transfers subject to 

the gift and generation-skipping transfer 

taxes and to compute these taxes. IRS 

uses the information to enforce these 

taxes and to compute the estate tax. 

Respondents: Individuals and 

Households. 

Estimated Total Burden Hours: 

1,609,730 hours. 

OMB Number: 1545–0814. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: EE–44–78 (TD 8100—Final) 

Cooperative Hospital Service 

Organizations. 

Abstract: This regulation establishes 

the rules for cooperative hospital service 

organizations which seek tax-exempt 

status under section 501(e) of the 

Internal Revenue Code. Such an 

organization must keep records in order 

to show its cooperative nature and to 

establish compliance with other 

requirements in section 501(c). 

Respondents: Not-for-profit 

institutions. 

Estimated Total Burden Hours: 1 

hour. 

OMB Number: 1545–0997. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: Proceeds From Real Estate 

Transactions. 

Form: 1099–S. 

Abstract: Form 1099–S is used by the 

real estate reporting person to report 

proceeds from a real estate transaction 

to the IRS. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 

510,456 hours. 

OMB Number: 1545–1112. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: IA–96–88 (Final) Certain 

Elections under the Technical and 

Miscellaneous Revenue Act of 1988 and 

the Re-designation of Certain Other 

Temporary Elections Regulations. 

Abstract: These regulations establish 

various elections with respect to which 

immediate interim guidance on the time 

and manner of making the elections is 

necessary. These regulations enable 

taxpayers to take advantage of the 

benefits of various Code provisions. 

Respondents: Individuals and 

Households. 

Estimated Total Burden Hours: 6,712 

hours. 

OMB Number: 1545–1153. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: PS–73–89 (TD 8370) (Final) 

Excise Tax on Chemicals That Deplete 

the Ozone Layer and on Products 

Containing Such Chemicals. 

Abstract: Section 4681 imposes a tax 

on ozone-depleting chemicals sold or 

used by a manufacturer or importer 

thereof and imported taxable products 

sold or used by an importer thereof. A 

floor stocks tax is also imposed. This 

regulation provides reporting and 

recordkeeping rules. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 75,142 

hours. 

OMB Number: 1545–1331. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: PS–55–89 (TD 8566—Final) 

General Asset Accounts Under the 

Accelerated Cost Recovery System. 

Abstract: The regulations describe the 

time and manner of making the election 

described in IRC Section 168(i)(4). Basic 

information regarding this election is 

necessary to monitor compliance with 

the rules in the IRC Section 168. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 250 

hours. 

OMB Number: 1545–1413. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: IA–30–95 (TD 8672—Final) 

Reporting on Non-payroll Withheld Tax 

Liabilities. 

Abstract: These regulations concern 

the Secretary’s authority to require a 

return of tax under section 6011 and 

provide for the requirement of a return 

by persons deducting and withholding 

income tax from ‘‘Non-payroll’’ 

payments. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 1 

hour. 

OMB Number: 1545–1600. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: REG–251703–96 (TD 8813— 

Final) Residence of Trusts and Estates7701. 

Abstract: Section 1161 of the 

Taxpayer Relief Act of 1997, Public Law 

105–34, 111 Stat. 788 (1997), provides 

that a trust that was in existence on 

August 20, 1996 (other than a trust 

treated as owned by the grantor under 

subpart E of part I of subchapter J of 

chapter 1 of the Internal Revenue Code 

of 1986) and that was treated as a 

United States person on August 19, 

1996, may elect to continue to be treated 

as a United States person 

notwithstanding § 7701(a)(30)(E) of the 

Code. The election will require the 

Internal Revenue Service to collect 

information. This regulation provides 

the procedure and requirements for 

making the election to remain a 

domestic trust. 

Respondents: Individuals and 

Households. 

Estimated Total Burden Hours: 114 

hours. 

OMB Number: 1545–1621. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: W–8BEN, Certificate of Foreign 

Status of Beneficial Owner for United 

States Tax Withholding, W–8ECI, 

Certificate of Foreign Person’s Claim for 

Exemption From Withholding on 

Income. 

Form: W–8BEN; W–8ECI; W–8EXP; 

W–8IMY. 

Abstract: Form W–8BEN is used for 

certain types of income to establish that 

the person is a foreign person, is the 

beneficial owner of the income for 

which Form W–8BEN is being provided 

and, if applicable, to claim a reduced 

rate of, or exemption from, withholding 

as a resident of a foreign country with 

which the United States has an income 

tax treaty. Form W–8ECI is used to 

establish that the person is a foreign 

person, is the beneficial owner of the 

income for which Form W–8ECI is being 

provided, and to claim that the income 

is effectively connected with the 

conduct of a trade or business within 

the United States. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 

43,280,135 hours. 

OMB Number: 1545–1751. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: REG–107151–00 (TD 9035— 

Final) Constructive Transfers and 

Transfers of Property to a Third Party on 

Behalf of a Spouse. 

Abstract: The regulation sets forth the 

required information that will permit 

spouses or former spouses to treat a 

redemption by a corporation of stock of 

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Federal Register / Vol. 75, No. 222 / Thursday, November 18, 2010 / Notices 70775 

one spouse or former spouse as a 

transfer of that stock to the other spouse 

or former spouse in exchange for the 

redemption proceeds and a redemption 

of the stock from the latter spouse or 

former spouse in exchange for the 

redemption proceeds. 

Respondents: Individuals and 

Households. 

Estimated Total Burden Hours: 500 

hours. 

OMB Number: 1545–1886. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: Revenue Procedure 2004–35, 

Late Spousal S Corp Consents in 

Community Property States. 

Abstract: This revenue procedure 

requires the collection of certain 

information in order for the taxpayer to 

gain relief for late shareholder consents 

for Subchapter S elections. The 

information is designed to make sure 

that applications for relief meet the 

requirements set out in the revenue 

procedure. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 500 

hours. 

OMB Number: 1545–1900. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: REG–208254–90 (TD 9212— 

final) Source of Compensation for Labor 

or Personal Services. 

Abstract: The proposed regulation 

describes the appropriate bases for 

determining the source of income from 

labor or personal services performed 

partly within and partly without the 

United States. The information required 

in Sec. 1.861–4(b)(2)(ii)(D) and (D)(6) 

will enable an employee to source 

certain fringe benefits on a geographical 

basis. The collections of information 

will, likewise, allow the IRS to verify 

these determinations. 

Respondents: Individuals and 

Households. 

Estimated Total Burden Hours: 10,000 

hours. 

OMB Number: 1545–2058. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: U.S. Electronic Large 

Partnership Declaration for an I.R.S. efile return. 

Form: 8453–B. 

Abstract: If you are filing a 2006 Form 

1065–B through an ISP and/or 

transmitter and you are not using an 

ERO, you must file Form 8453–B with 

your electronically filed return. An ERO 

can use either Form 8453–B or Form 

8879–B to obtain authorization to file 

the partnership’s Form 1065–B. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 144 

hours. 

OMB Number: 1545–2062. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: Reconciliation of Schedule M– 

3 Taxable Income with Tax Return 

Taxable Income for Mixed Groups. 

Form: 8916. 

Abstract: The Form 8916 reconciles 

taxable income per the Schedule M–3 

for the Forms 1120, 1120–L, or 1120–PC 

with the taxable income on mixed 

groups filing Form 1120, 1120–L, or 

1120–PC. This is necessary because 

certain special adjustments are required 

to match taxable income of mixed 

groups as reported on the Schedule M– 

3 with taxable income they report on 

Forms 1120, 1120–L, or 1120–PC. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 3,385 

hours. 

OMB Number: 1545–2066. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: Notice of Recapture Event for 

New Markets Credit. 

Form: 8874–B 

Abstract: Form 8874–B, Notice of 

Recapture Event for New markets Credit 

was developed because qualified CDEs 

must provide Taxpayers holding a 

qualified equity investment with a 

completed Form 8874–B when a 

recapture event occurs. Regulations 

section 1.45D–1(g)(2)(i)(B). 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 2,755 

hours. 

OMB Number: 1545–2070. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: Rev. Proc. 2007–48 Rotable 

Spare Parts Safe Harbor Method. 

Abstract: The information for which 

the agency is requesting to collect will 

support a taxpayer’s claim for eligibility 

to use the safe harbor method of 

accounting for rotable spare parts 

provided in the proposed revenue 

procedures. The information will be 

submitted as a supporting schedule for 

the Form 3115, Application for Change 

in Accounting Method. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 75 

hours. 

Bureau Clearance Officer: R. Joseph 

Durbala, Internal Revenue Service, 1111 

Constitution Avenue, NW., Room 6129, 

Washington, DC 20224; (202) 622–3634. 

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. 2010–29027 Filed 11–17–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

November 12, 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 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 December 20, 2010 

to be assured of consideration. 

Internal Revenue Service (IRS) 

OMB Number: 1545–1902. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: Qualified Severance of a Trust 

for Generation-Skipping Transfer (GST) 

Tax Purposes (TD 9348—Final). 

Abstract: This Regulation requires 

taxpayers to report a qualified severance 

by filing a Form 706–GS(T), or such 

other form that may be published by the 

Internal Revenue Service in the future 

that is specifically designated to be 

utilized to report qualified severances. 

Where Form 706–GS(T) is used, the filer 

should attach a Notice of Qualified 

Severance to the return that clearly 

identifies the trust that is being severed 

and the new trusts created as a result of 

the severance. The Notice must also 

provide the inclusion ratio of the trust 

that was severed and the inclusion 

ratios of the new trusts resulting from 

the severance. The information 

collected will be used by the IRS to 

identify the trusts being severed and the 

new trusts created upon severance. The 

collection of information is required in 

mstockstill on DSKH9S0YB1PROD with NOTICES