[Federal Register Volume 75, Number 228 (Monday, November 29, 2010)]
[Notices]
[Pages 73162-73163]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-29829]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 19, 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 29, 
2010 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1614.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: REG-106177-97 (NPRM) Qualified State Tuition Programs.
    Abstract: Respondents are States and eligible educational 
institutions that establish and maintain qualified State tuition 
programs. Respondents include distributes who receive benefits under 
the programs. Information verifies that programs are qualified and that 
distribution are used for qualified educational expenses.
    Respondents: State, Local, and Tribal Governments.
    Estimated Total Burden Hours: 4,258,260 hours.
    OMB Number: 1545-21.75.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: Form 8942--Application for Certification of Qualified 
Investments Eligible for Credits; Notice 2010-45--Qualifying 
Therapeutic Discovery Project Credit.
    Abstract: On March 23, 2010, the President signed the Patient 
Protection and Affordable Care Act (Act) (Pub. L. 111-148). Section 
9023(a) of the Act adds section 48D to the Internal Revenue Code. 
Section 48D provides a 50-percent nonrefundable investment tax credit, 
and corresponding grant in lieu of a tax credit, for qualified 
investments in qualifying therapeutic discovery projects. The credit 
and grant are designed to encourage investments in new therapies 
relating to diseases. Form 8942 will be used to apply for certification 
and credit.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 14,545 hours.
    OMB Number: 1545-0029.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Employer's Quarterly Federal Tax Return.
    Form: 941 series and schedules.
    Abstract: Form 941 is used by employers to report payments made to 
employees subject to income and social security/Medicare taxes and the 
amounts of these taxes. Form 941-PR is used by employers in Puerto Rico 
to report social security and Medicare taxes only. Form 941-SS is used 
by employers in the U.S. possessions to report social security and 
Medicare taxes only. Schedule B is used by employers to record their 
employment tax liability.
    Respondents: Private sector: Businesses or other for-profits.
    Estimated Total Burden Hours: 388,256,964 hours.
    OMB Number: 1545-2173.
    Type of Review: Extension without change to a currently approved 
collection.

[[Page 73163]]

    Title: Hiring Incentives to Restore Employment (HIRE) Act Employee 
Affidavit.
    Abstract: This form was created in response to the Hiring 
Incentives to Restore Employment (HIRE) Act, which was signed on March 
18, 2010. The form was developed as a template for the convenience of 
employers who must collect affidavits from qualifying employees. The 
form is not filed, rather an employer must retain the affidavit in 
order to justify claiming certain HIRE Act benefits. A model form is 
needed as soon as possible so that employers can begin confidently 
claiming payroll exemptions. The useful life of the form is only from 
March 18, 2010 to December 31, 2010.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 227,000 hours.
    OMB Number: 1545-2174.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: Form 14134, Application for Certificate of Subordination of 
Federal Tax Lien, and Form 14135, Application for Certificate of 
Discharge of Property from Federal Tax Lien.
    Form: 14134, 14135.
    Abstract: The collection of information is required by 26 CFR 
301.6325-1(b)(5) for consideration of the United States discharging 
property from the Federal tax lien and is required by 26 CFR 301.6325-
1(d)(4) for consideration that the United States subordinate its 
interest in property. These forms will provide guidance to ensure 
proper documentation is submitted to the Agency.
    Respondents: Businesses or other for-profits, farms, not-for-profit 
institutions.
    Estimated Total Burden Hours: 22,665 hours.
    OMB Number: 1545-2090.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: REG-143797-06 (Final), Health Savings Plan Notice.
    Abstract: The information is needed in cases where an employee 
establishes an HSA after the end of the calendar year but before the 
last day of February and will be used by employees for purposes of 
making up HSA contributions to those employees. the respondents are 
employees of employers who contribute to employees' HSAs.
    Respondents: Businesses or other for-profits and not-for-profit 
institutions.
    Estimated Total Burden Hours: 1,250,000 hours.
    OMB Number: 1545-1892.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: REG-153841-02 (TD 9208) (Final), Election Out of GST Deemed 
Allocations.
    Abstract: The information collected will be used by the IRS to 
identify the trusts to which the election or termination of election 
will apply. The collection of information in this proposed regulation 
is in sections 26.2632-1(b)(2)(ii), 26.2632-1(b)(2)(iii), and 26.2632-
1(b)(2). This information is required by the IRS for taxpayers who 
elect to have the automatic allocation rules not apply to the current 
transfer and/or to future transfers to the trust or to terminate such 
election. This information is also required by the IRS for taxpayers 
who elect to treat trusts described in section 2632(c)(3)(B)(i) through 
(vi) as GST trusts or to terminate such election.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 12,500 hours.
    OMB Number: 1545-1430.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: Form 945 and 945V: Annual Return of Withheld Federal Income 
Tax/Voucher; Form 945-A: Annual Record of Federal Tax Liability; Form 
945-X Annual Return of Withheld Federal Income Tax, Claim, Refund.
    Form: 945, 945V, 945-X.
    Abstract: Form 945 is used to report income tax withholding on 
nonpayroll payments including backup withholding and withholding on 
pensions, annuities, IRA's military retirement and gambling winnings. 
Form 945-V, Payment Voucher, is used if you are making a payment with 
Form 945, Annual Return of Withheld Federal Income Tax. Form 945-A is 
used to report nonpayroll tax liabilities. Form 945-X is used to 
correct errors made on Form 945, Annual Return of Withheld Federal 
Income Tax, for one year only.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 3,596,690 hours.
    OMB Number: 1545-1081.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: Application for Extension of Time to File Information 
Returns.
    Form: 8809.
    Abstract: Form 8809 is used to request an extension of time to file 
Forms W-2, W-2G, 1042-S, 1097, 1098, 1099, 3921, 3922, 5498, and 8027. 
The IRS reviews the information contained on the form to determine 
whether an extension should be granted.
    Respondents: Businesses or other for-profits, farms, not-for-profit 
institutions.
    Estimated Total Burden Hours: 192,000 hours.
    OMB Number: 1545-0985.
    Type of Review: Extension without change to a currently approved 
collection.
    Title: PS-128-86, PS-127-86, and PS-73-88 (Final)(TD 8644) 
Generation- Skipping Transfer Tax.
    Abstract: This regulation provides rules relating to the effective 
date, return requirements, definitions, and certain special rules 
covering the generation-skipping transfer tax. The information required 
by the regulation will require individuals and/or fiduciaries to report 
information on Form 706NA, 706, 706GS (D), 706GS(D-1), 706GS(T), 709 
and 843 in connection with the generation skipping transfer tax. The 
information will facilitate the assessment of the tax and taxpayer 
examinations.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 3,750 hours.
    Bureau Clearance Officer: Allan M. Hopkins, 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. 2010-29829 Filed 11-26-10; 8:45 am]
BILLING CODE 4830-01-P