49836 Federal Register / Vol. 76, No. 155 / Thursday, August 11, 2011 / Notices 

DEPARTMENT OF THE TREASURY 

Office of the Secretary 

List of Countries Requiring 

Cooperation With an International 

Boycott 

In accordance with section 999(a)(3) 

of the Internal Revenue Code of 1986, 

the Department of the Treasury is 

publishing a current list of countries 

which require or may require 

participation in, or cooperation with, an 

international boycott (within the 

meaning of section 999(b)(3) of the 

Internal Revenue Code of 1986). 

On the basis of the best information 

currently available to the Department of 

the Treasury, the following countries 

require or may require participation in, 

or cooperation with, an international 

boycott (within the meaning of section 

999(b)(3) of the Internal Revenue Code 

of 1986). 

Kuwait, Lebanon, Libya, Qatar, Saudi 

Arabia, Syria, United Arab Emirates, 

Yemen, Republic of 

Iraq is not included in this list, but its 

status with respect to future lists 

remains under review by the 

Department of the Treasury. 

Dated: August 1, 2011. 

Michael J. Caballero, 

International Tax Counsel, (Tax Policy). 

[FR Doc. 2011–20318 Filed 8–10–11; 8:45 am] 

BILLING CODE 4810–25–M 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8621–A 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning Form 

8621–A, Return by a Shareholder 

Making Certain Late Elections To End 

Treatment as a Passive Foreign 

Investment Company. 

DATES: Written comments should be 

received on or before October 11, 2011 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Yvette Lawrence, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to R. Joseph Durbala, 

(202) 622–3634, at Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224, 

or through the Internet at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Return by a Shareholder Making 

Certain Late Elections To End Treatment 

as a Passive Foreign Investment 

Company. 

OMB Number: 1545–1950. 

Form Number: 8621–A. 

Abstract: Form 8621–A is necessary 

for certain taxpayers/shareholders who 

are investors in passive foreign 

investment companies (PFIC’s) to 

request late deemed sale or late deemed 

dividend elections (late purging 

elections) under Reg. 1.1298–3(e). The 

form provides a taxpayer/shareholder 

the opportunity to fulfill the 

requirements of the regulation in 

making the election by asserting the 

following: (i) The election is being made 

before an IRS agent has raised on audit 

the PFIC status of the foreign 

corporation for any taxable year of the 

taxpayer/shareholder; (ii) the taxpayer/ 

shareholder is agreeing (by submitting 

Form 8621–A) to eliminate any 

prejudice to the interests of the U.S. 

government on account of the taxpayer/ 

shareholder’s inability to make timely 

purging elections; and (iii) the taxpayer/ 

shareholder shows as a balance due on 

Form 8621–A an amount reflecting tax 

plus interest as determined under Reg. 

1.1298(e)(3). 

Current Actions: There is no change to 

the form previously approved by OMB. 

However, filing estimates indicate that a 

decrease in the estimated number of 

responses is necessary. We have 

decreased the estimated number of 

responses to 12 per year. This results in 

a total estimated burden decrease of 

42,837 hours per year. This form is 

being submitted for renewal purposes. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Individuals and 

Households, Businesses and other forprofit organizations. 

Estimated Number of Respondents: 

12. 

Estimated Time per Respondent: 65 

hours, 24 minutes. 

Estimated Total Annual Burden 

Hours: 785. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. 

Comments are invited on: (a) Whether 

the collection of information is 

necessary for the proper performance of 

the functions of the agency, including 

whether the information shall have 

practical utility; (b) the accuracy of the 

agency’s estimate of the burden of the 

collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information to be collected; (d) 

ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology; 

and (e) estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: August 2, 2011. 

Yvette Lawrence, 

IRS Reports Clearance Officer. 

[FR Doc. 2011–20379 Filed 8–10–11; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8846 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 


srobinson on DSK4SPTVN1PROD with NOTICES
Federal Register / Vol. 76, No. 155 / Thursday, August 11, 2011 / Notices 49837 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning Form 

8846, Credit for Employer Social 

Security and Medicare Taxes Paid on 

Certain Employee Tips. 

DATES: Written comments should be 

received on or before October 11, 2011 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Yvette Lawrence, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to R. Joseph Durbala, 

at (202) 622–3634, or at Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or through the Internet at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Credit for Employer Social 

Security and Medicare Taxes Paid on 

Certain Employee Tips. 

OMB Number: 1545–1414. 

Form Number: 8846. 

Abstract: Employers in food or 

beverage establishments where tipping 

is customary can claim an income tax 

credit for the amount of social security 

and Medicare taxes paid (employer’s 

share) on tips employees reported, other 

than on tips used to meet the minimum 

wage requirement. Form 8846 is used by 

employers to claim the credit and by the 

IRS to verify that the credit is computed 

correctly. 

Current Actions: Lines 7 through 11 

will be removed, since the passive 

activity limit and the carryover amounts 

will be calculated on Form 3800. This 

and other editorial changes will result 

in a total burden increase of 18,228 

hours. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit organizations. 

Estimated Number of Respondents: 

37,200. 

Estimated Time per Respondent: 4 hr., 

20 min. 

Estimated Total Annual Burden 

Hours: 161,448. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. 

Comments are invited on: (a) Whether 

the collection of information is 

necessary for the proper performance of 

the functions of the agency, including 

whether the information shall have 

practical utility; (b) the accuracy of the 

agency’s estimate of the burden of the 

collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information to be collected; (d) 

ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology; 

and (e) estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: August 2, 2011. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. 2011–20381 Filed 8–10–11; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Agency Information Collection 

Activity; Proposed Collection 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). 

DATES: Written comments should be 

received on or before October 11, 2011 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Yvette Lawrence, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulations should be 

directed to R. Joseph Durbala at Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or at (202) 622–3634, or 

through the Internet at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Automatic Contribution 

Arrangements. 

OMB Number: 1545–2135. 

Regulation Project Number: REG– 

133300–07 (TD 9447—final). 

Abstract: The proposed regulations 

provide guidance on how a qualified 

cash or deferred arrangement can 

become a qualified automatic 

contribution arrangement and avoid the 

ADP test of section 401(k)(3)(A)(ii). The 

proposed regulations also provide 

guidance on how an automatic 

contribution arrangement can permit an 

employee to make withdrawals from an 

eligible automatic contribution 

arrangement that he did not wish to 

have the employer make. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

30,000. 

Estimated Time per Respondent: 60 

minutes. 

Estimated Total Annual Burden 

Hours: 30,000. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. 

Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 


srobinson on DSK4SPTVN1PROD with NOTICES