[Federal Register Volume 75, Number 35 (Tuesday, February 23, 2010)]
[Notices]
[Pages 8188-8189]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-3431]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

February 17, 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 March 25, 2010 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1551.
    Type of Review: Revision of a currently approved collection.
    Title: RP 97-36, RP 97-38, RP 97-39, RP 2002-9, and RP 2008-52, RP 
2009-XX; Changes in Methods of Accounting.
    Description: The information collected in the four revenue 
procedures is required in order for the Commissioner to determine 
whether the taxpayer properly is requesting to change its method of 
accounting and the terms and conditions of the change.
    Respondents: Businesses or other for-profits, farms.
    Estimated total burden hours: 24,937 hours.

    OMB Number: 1545-0790.
    Type of Review: Extension of a currently approved collection.
    Title: Notice of Inconsistent Treatment or Administrative 
Adjustment Request (AAR).
    Form: 8082.
    Description: IRC sections 6222 and 6227 require partners to notify 
IRS by filing Form 8082 when they (1) treat partnership items 
inconsistent with the partnership's treatment (6222), and (2) change 
previously reported partnership items (6227). Sections 6244 and 860F 
extend this requirement to shareholders of S corporations and residuals 
of REMICs. Also, sections 6241 and 6034A(c) extend this requirement to 
partners in electing large partnerships and beneficiaries of estates 
and trusts.
    Respondents: Businesses or other for-profits.
    Estimated total burden hours: 51,024 hours.

    OMB Number: 1545-1855.
    Type of Review: Extension of a currently approved collection.
    Title: REG-141402-02 Limitation on Use of the Nonaccrual-Experience 
Method of Accounting under Section 448(d)(5).
    Description: The regulations provide four safe harbor nonaccrual-
experience methods that will be presumed to clearly reflect a 
taxpayer's nonaccrual experience, and for taxpayers who wish to compute 
their nonaccrual experience using a computation or formula other than 
the one of the four safe harbors provided, the requirements that must 
be met in order to use an alternative computation or formula to compute 
their nonaccrual experience.
    Respondents: Businesses or other for-profits.
    Estimated total burden hours: 24,000 hours.

    OMB Number: 1545-1558.
    Type of Review: Extension of a currently approved collection.
    Title: Revenue Procedure 97-43, Procedures for Electing Out of 
Exemptions Under Section 1.475(c)-1; and Revenue Ruling 97-39, Mark-to-
Market Accounting Method for Dealers in Securities.
    Description: Revenue Procedure 97-43 provides taxpayers automatic 
consent to change to mark-to-market accounting for securities after the 
taxpayer elects under section 1.475(c)-1, subject to specified terms 
and conditions. Revenue Ruling 97-39 provides taxpayers additional 
mark-to-market guidance in a question and answer format.
    Respondents: Businesses or other for-profits.
    Estimated total burden hours: 1,000 hours.

    OMB Number: 1545-1145.
    Type of Review: Extension of a currently approved collection.
    Title: Generation-Skipping Transfer Tax Return for Terminations.
    Form: 706-GS (T).
    Description: Form 706-GS (T) is used by trustees to compute and 
report the Federal GST tax imposed by IRC section 2601. IRS uses the 
information to enforce this tax and to verify that the tax has been 
properly computed.
    Respondents: Individuals and households.
    Estimated total burden hours: 684 hours.

    OMB Number: 1545-0951.
    Type of Review: Extension of a currently approved collection.
    Title: FORM 5434, Application for Enrollment; and Form 5434-A, 
Application for Renewal of Enrollment.
    Form: 5434, 5434-A.
    Description: The information relates to the granting of enrollment 
status to actuaries admitted (licensed) by the Joint Board for the 
Enrollment of Actuaries to perform actuarial services under the 
Employee Retirement Income Security Act of 1974.
    Respondents: Individuals or households.
    Estimated total burden hours: 3,800 hours.
    OMB Number: 1545-1849.
    Type of Review: Extension of a currently approved collection.
    Title: Employer/Payer Information.
    Form: 13460.
    Description: Form 13460 is used to assist filer's who have under-
reporter or correction issues. Also, this form expedites research of 
filer's problems.
    Respondents: Businesses or other for-profits.

[[Page 8189]]

    Estimated total burden hours: 50 hours.

    OMB Number: 1545-1143.
    Type of Review: Extension of a currently approved collection.
    Title: Notification of Distribution from a Generation-Skipping 
Trust.
    Form: 706-GS (D-1).
    Description: Form 706-GS (D-1) is used by trustees to notify the 
IRS and distributees of information needed by distributees to compute 
the Federal GST tax imposed by IRC section 2601. IRS uses the 
information to enforce this tax and to verify that the tax has been 
properly computed.
    Respondents: Individuals or households.
    Estimated total burden hours: 348,800 hours.

    OMB Number: 1545-1858.
    Type of Review: Extension of a currently approved collection.
    Title: Notice 2003-67, Notice on Information Reporting for Payments 
in Lieu of Dividends
    Description: This notice provides guidance to brokers and 
individuals regarding provisions in the Jobs and Growth Tax Relief 
Reconciliation Act of 2003. The notice provides rules for brokers to 
use in determining loanable shares and rules for allocating transferred 
shares for purposes of determining payments in lieu of dividend 
reportable to individuals. These rules require brokers to comply with 
certain recordkeeping requirements to use the favorable rules for 
determining loanable shares and for allocating transferred shares that 
may give rise to payments in lieu of dividends.
    Respondents: Businesses or other for-profits.
    Estimated total burden hours: 60,000 hours.

    OMB Number: 1545-2024.
    Type of Review: Extension of a currently approved collection.
    Title: Limited Pay-ability Claim against the United States For 
Proceeds of the Internal Revenue Refund Check.
    Form: 13818.
    Description: This form is used by taxpayers for completing a claim 
against the United States for the proceeds of an Internal Revenue 
refund check.
    Respondents: Individuals or households.
    Estimated total burden hours: 4,000 hours.

    OMB Number: 1545-1694.
    Type of Review: Extension of a currently approved collection.
    Title: Revenue Ruling 2000-35 Automatic Enrollment in Section 
403(b) Plans
    Description: Revenue Ruling 2000-35 describes certain criteria that 
must be met before an employee's compensation can be reduced and 
contributed to an employer's section 403(b) plan in the absence of an 
affirmative election by the employee.
    Respondents: State, Local, and Tribal Governments.
    Estimated total burden hours: 175 hours.
    OMB Number: 1545-2026.

    Type of Review: Extension of a currently approved collection.
    Title: Tribal Evaluation of Filing and Accuracy Compliance 
(TEFAC)--Compliance Check Report.
    Form: 13797.
    Description: This form will be provided to tribes who elect to 
perform a self compliance check on any or all of their entities. This 
is a voluntary program and the entry is not penalized for non- 
completion of forms and withdrawal from the program. Upon completion, 
the information will be used by the Tribe and ITG to develop training 
needs, compliance strategies, and corrective actions.
    Respondents: State, Local, and Tribal Governments.
    Estimated total burden hours: 447 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. 2010-3431 Filed 2-22-10; 8:45 am]
BILLING CODE 4830-01-P