[Federal Register Volume 74, Number 186 (Monday, September 28, 2009)]
[Notices]
[Pages 49438-49439]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-23273]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

September 21, 2009.
    The Department of the Treasury will submit the following public 
information collection requirement(s) 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. Copies of the 
submission(s) 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 Department 
Clearance Officer, Department of the Treasury, Room 11000, and 1750 
Pennsylvania Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before October 28, 
2009 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0175.
    Type of Review: Revision.
    Form: 4626.
    Title: Alternative Minimum Tax-Corporations.
    Description: Form 4626 is used by corporations to calculate their 
alternative minimum tax.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 2,611,200 hours.

    OMB Number: 1545-0217.
    Type of Review: Extension.

[[Page 49439]]

    Form: 5735.
    Title: Form 5735, American Samoa Economic Development Credit.
    Description: Form 5735 is used to figure the American Samoa 
economic development credit under section 30A. The credit is generally 
allowed against income tax imposed by Chapter 1. A domestic corporation 
(other than an S corporation) that is an existing credit claimant with 
respect to American Samoa must complete Form 5735 for each year the 
American Samoa economic development credit election is in effect.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 127 hours.

    OMB Number: 1545-0644.
    Type of Review: Extension.
    Form: 6781.
    Title: Gains and Losses from Section 1256 Contracts and Straddles.
    Description: Form 6781 is used by taxpayers to compute their gains 
and losses from section 1256 contracts and straddles and their special 
tax treatment. The data is used to verify that the tax reported 
accurately reflects any such gains and losses.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 903,236 hours.
    OMB Number: 1545-0887.
    Type of Review: Extension.
    Form: 8281.
    Title: Information Return for Publicity Offered Original Issue 
Discount Instruments.
    Description: Form 8281 is filed by the issuer of a publicly offered 
debt instrument having OID. The information is used to update Pub. 
1212, List of Original Issue Discount Instruments.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 3,060 hours.

    OMB Number: 1545-0745.
    Type of Review: Extension.
    Title: LR-27-83 (Temporary) Floor Stocks Credits or Refunds and 
Consumer Credits or Refunds With Respect to Certain Tax-Repealed 
Articles; Excise Tax on Heavy Trucks; LR-54-85 (Temporary) Excise Tax 
on.
    Description: LR-27-83 requires sellers of trucks, trailers and 
semitrailers, and tractors to maintain records of the gross vehicle 
weights of articles sold to verify taxability. LR-54-85 requires that 
if the sale is to be treated as exempt, the seller and the purchaser 
must be registered and the purchaser must give the seller a resale 
certificate.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 4,140 hours.

    OMB Number: 1545-1975.
    Type of Review: Extension.
    Form: Schedule F (Form 1040).
    Title: Profit or Loss from Farming.
    Description: Schedule F (Form 1040) is used by individuals to 
report their employment taxes. The data is used to verify that the 
items reported on the form is correct and also for general statistical 
use.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 7,796,240 hours.

    OMB Number: 1545-1989.
    Type of Review: Extension.
    Title: Notice 2009-53--Credit for Nonbusiness Energy Property.
    Description: This notice updates interim guidance, pending the 
issuance of regulations, relating to the credit for nonbusiness energy 
property under Sec.  25C of the Internal Revenue Code. Specifically, 
this notice provides procedures that manufacturers may follow to 
certify property as either eligible building envelope components or 
qualified energy property, as well as guidance regarding the conditions 
under which taxpayers seeking to claim the Sec.  25C credit may rely on 
a manufacturer's certification.
    Respondents: Individuals and Households.
    Estimated Total Burden Hours: 350 hours.

    OMB Number: 1545-1438.
    Type of Review: Extension.
    Title: CO-8-91 (Final) Distributions of Stock and Stock Rights.
    Description: The requested information is required to notify the 
Service that a holder of preferred stock callabe at a premium by the 
issuer has made a determination regarding the likelihood of exercise of 
the right to call that is different from the issuer's determination.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 333 hours.

    OMB Number: 1545-1163.
    Type of Review: Extension.
    Form: 8822.
    Title: Change of Address.
    Description: Form 8822 is used by taxpayers to notify the Internal 
Revenue Service that they have changed their home or business.
    Respondents: Individuals and Households.
    Estimated Total Burden Hours: 258,334 hours.

    OMB Number: 1545-2003.
    Type of Review: Extension.
    Title: Notice 2006-24, Qualifying Advanced Coal Project Program.
    Description: This notice establishes the qualifying advanced coal 
project program under sec. 48A of the Internal Revenue Code. The notice 
provides the time and manner for a taxpayer to apply for an allocation 
of qualifying advanced coal project credits and, once the taxpayer has 
received this allocation, the time and manner for the taxpayer to file 
for a certification of its qualifying advanced coal project.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 4,950 hours.

    OMB Number: 1545-2009.
    Type of Review: Extension.
    Form: 13285-A.
    Title: Reducing Tax Burden on America's Taxpayers.
    Description: The IRS Office of Taxpayer Burden Reduction (TBR) 
needs the taxpaying public's help to identify meaningful taxpayer 
burden reduction opportunities that impact a large number of taxpayers. 
This form should be used to refer ideas for reducing taxpayer burden to 
the TBR for consideration and implementation.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 62 hours.

    OMB Number: 1545-1035.
    Type of Review: Extension.
    Form: 8611.
    Title: Recapture of Low-Income Housing Credit.
    Description: IRC section 42 permits owners of residential rental 
projects providing low-income housing to claim a credit against their 
income tax. If the property is disposed of or it falls to meet certain 
requirements over a 15-year compliance period and a bond is not posted, 
the owner must recapture on Form 8611 part of the credit(s) taken in 
prior years.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 7,842 hours.
    Clearance Officer: R. Joseph Durbala, (202) 622-3634, Internal 
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.
    OMB Reviewer: Shagufta Ahmed, (202) 395-7873, Office of Management 
and Budget, Room 10235, New Executive Office Building, Washington, DC 
20503.

Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. E9-23273 Filed 9-25-09; 8:45 am]
BILLING CODE 4830-01-P