Federal Register / Vol. 72, No. 35 / Thursday, February 22, 2007 / Notices 8065 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Larnice Mack at 

Internal Revenue Service, room 6512, 

1111 Constitution Avenue NW., 

Washington, DC 20224, or at (202) 622–

3179, or through the internet at 

Larnice.Mack@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Exempt Organization 

Declaration and Signature for Electronic 

Filing. 

OMB Number: 1545–1879. 

Form Number: 8453–EO. 

Abstract: Form 8453–EO is used to 

enable the electronic filing of Forms 

990, 990–EZ, or 1120–POL. 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Not-for-profit 

institutions. 

Estimated Number of Respondents: 

200. 

Estimated Time Per Respondent: 5 

hours, 14 minutes. 

Estimated Total Annual Burden 

Hours: 1,046. 

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: February 8, 2007. 

Glenn Kirkland, 

IRS Reports Clearance Office. 

[FR Doc. E7–2936 Filed 2–21–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[INTL–955–86] 

Proposed Collection; Comment 

Request for Regulation Project 

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 an 

existing final regulation, INTL–955–86 

(TD 8350), Requirements for 

Investments to Qualify Under Section 

936(d)(4) As Investments in Qualified 

Carribean Basin Countries (§ 1.936–

10(c)). 

DATES: Written comments should be 

received on or before April 23, 2007 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn P. Kirkland, Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulation should be 

directed to R. Joseph Durbala at Internal 

Revenue Service, room 6516, 1111 

Constitution Avenue NW., Washington, 

DC 20224, or at (202) 622–3634, or 

through the internet at 

R.Joseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Requirements for Investments to 

Qualify Under Section 936(d)(4) As 

Investments in Qualified Carribean 

Basin Countries. 

OMB Number: 1545–1138. 

Regulation Project Number: INTL–

955–86. 

Abstract: This regulation relates to the 

requirements that must be met for an 

investment to qualify under Internal 

Revenue code section 936(d)(4) as an 

investment in qualified Caribbean Basin 

countries. Income that is qualified 

possession source investment income is 

entitled to a quasi-tax exemption by 

reason of the U.S. possessions tax credit 

under Code section 936(a) and 

substantial tax exemptions in Puerto 

Rico. Code section 936(d)(4)(C) places 

certification requirements on the 

recipient of the investment and the 

qualified financial institution; and 

recordkeeping requirements on the 

financial institution and the recipient of 

the investment funds to enable the IRS 

to verify that the investment funds are 

being used properly and in accordance 

with the Caribbean Basin Economic 

Recovery Act. 

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 Recordkeepers: 

50. 

Estimated Time Per Recordkeeper: 30 

hours. 

Estimated Total Annual 

Recordkeeping Hours: 1,500. 

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. 


rwilkins on PROD1PC63 with NOTICES
8066 Federal Register / Vol. 72, No. 35 / Thursday, February 22, 2007 / Notices 

Approved: February 9, 2007. 

Glenn P. Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–2938 Filed 2–21–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8873 

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 

8873, Extraterritorial Income Exclusion. 

DATES: Written comments should be 

received on or before April 23, 2007 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn Kirkland, Internal Revenue 

Service, room 6512, 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 Larnice Mack at 

Internal Revenue Service, room 6512, 

1111 Constitution Avenue NW., 

Washington, DC 20224, or at (202) 622–

3179, or through the internet at 

Larnice.Mack@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Extraterritorial Income 

Exclusion. 

OMB Number: 1545–1722. 

Form Number: 8873. 

Abstract: The FSC and Extraterritorial 

Income Exclusion Act of 2000 added 

section 114 to the Internal Revenue 

Code. Section 114 provides for an 

exclusion from gross income for certain 

transactions occurring after September 

30, 2000, with respect to foreign trading 

gross receipts. Form 8873 is used to 

compute the amount of extraterritorial 

income excluded from gross income for 

the tax year. 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations and individuals. 

Estimated Number of Respondents: 

750,000. 

Estimated Time Per Respondent: 25 

hours, 27 minutes. 

Estimated Total Annual Burden 

Hours: 19,087,500. 

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: February 8, 2007. 

Glenn Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–2940 Filed 2–21–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 1128 

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 

1128, Application to Adopt, Change, or 

Retain a Tax Year. 

DATES: Written comments should be 

received on or before April 23, 2007 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn P. Kirkland, Internal Revenue 

Service, room 6516, 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 Carolyn N. Brown, 

at (202) 622–6688, or at Internal 

Revenue Service, room 6516, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or through the Internet, at 

Carolyn.N.Brown@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Application to Adopt, Change, 

or Retain a Tax Year. 

OMB Number: 1545–0134. 

Form Number: 1128. 

Abstract: Section 442 of the Internal 

Revenue Code requires that a change in 

a taxpayer’s annual accounting period 

be approved by the Secretary. Under 

regulation section 1.442–1(b), a taxpayer 

must file Form 1128 to secure prior 

approval unless the taxpayer can 

automatically make the change. The IRS 

uses the information on the form to 

determine whether the application 

should be approved. 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, Individuals, Notfor-profit institutions, and Farms. 

Estimated Number of Respondents: 

9,788. 

Estimated Time per Respondent: 23 

hours, 31 minutes. 

Estimated Total Annual Burden 

Hours: 230,119. 

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 


rwilkins on PROD1PC63 with NOTICES