12262 Federal Register / Vol. 72, No. 50 / Thursday, March 15, 2007 / Notices 

Treasury, Room 11000, 1750 

Pennsylvania Avenue, NW., 

Washington, DC 20220. 

Dates: Written comments should be 

received on or before April 16, 2007 to 

be assured of consideration. 

Internal Revenue Service (IRS) 

OMB Number: 1545–1865. 

Type of Review: Extension. 

Title: Notice 2003–75, Registered 

Retirement Savings Plans (RRSP) and 

Registered Income Funds (RRIF) 

Information Reporting. 

Description: This notice announces an 

alternative, simplified reporting regime 

for the owners of certain Canadian 

Individual retirement plans that have 

been subject to reporting on Forms 3520 

and 3520–A, and it describes the 

interim reporting rules that taxpayers 

must follow until a new form is 

available. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 

1,500,000 hours. 

OMB Number: 1545–1555. 

Type of Review: Extension. 

Title: REG–115795–97 (Final) General 

Rules for Making and Maintaining 

Qualified Electing Fund Elections. 

Description: The regulations provide 

rules for making section 1295 elections 

and satisfying annual reporting 

requirements for such elections, 

revoking section 1295 elections, and 

making retroactive section 1295 

elections. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 623 

hours. 

OMB Number: 1545–1868. 

Type of Review: Extension. 

Title: REG–116664–01 (NPRM and 

Temporary) Guidance To Facilitate 

Business Electronic Filing. 

Description: These regulations remove 

certain impediments to the electronic 

filing of business tax returns and other 

forms. The regulations reduce the 

number of instances in which taxpayers 

must attach supporting documents to 

their tax returns. The regulations also 

expand slightly the required content of 

a statement certain taxpayers must 

submit with their returns to justify 

deductions for charitable contributions. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 

250,000 hours. 

OMB Number: 1545–0145. 

Type of Review: Extension. 

Title: Notice to Shareholder of 

Undistributed Long-Term Capital Gains. 

Form: 2439. 

Description: Form 2439 is sent by 

regulated investment companies and 

real estate investment trusts to report 

undistributed capital gains and the 

amount of tax paid on these gains 

designated under IRC section 

852(b)(3)(D) or 857(b)(3)(D). The 

company, the trust, and the shareholder 

file copies of Form 2439 with IRS. IRS 

uses the information to check 

shareholder compliance. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 29,995 

hours. 

OMB Number: 1545–1379. 

Type of Review: Extension. 

Title: Excise Taxes on Excess 

Inclusions of REMIC Residual Interests. 

Form: 8831. 

Description: Form 8831 is used by a 

real estate mortgage investment conduit 

(REMIC) to figure its excise tax liability 

under Code sections 860E(e)(1), 

860E(e)(6), and 860E(e)(7). IRS uses the 

information to determine the correct tax 

liability of the REMIC. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 237 

hours. 

OMB Number: 1545–0045. 

Type of Review: Extension. 

Title: Claim for Deficiency Dividends 

Deductions by a Personal Holding 

Company, Regulated Investment 

Company, or Real Estate Investment 

Trust. 

Form: 976. 

Description: Form 976 is filed by 

corporations that wish to claim a 

deficiency dividend deduction. The 

deduction allows the corporation to 

eliminate all or a portion of a tax 

deficiency. The IRS uses Form 976 to 

determine if shareholders have included 

amounts in gross income. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 3,830 

hours. 

OMB Number: 1545–1813. 

Type of Review: Extension. 

Title: Health Coverage Tax Credit 

(HCTC) Advance Payments. 

Form: 1099–H. 

Description: Form 1099–H is used to 

report advance payments of health 

insurance premiums to qualified 

recipients for their use in computing the 

allowable health insurance credit on 

Form 8885. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 33,000 

hours. 

OMB Number: 1545–0044. 

Type of Review: Extension. 

Title: Corporation Claim for 

Deduction for Consent Dividends. 

Form: 973. 

Description: Corporations file Form 

973 to claim a deduction for dividends 

paid. If shareholders consent and IRS 

approves, the corporation may claim a 

deduction for dividends paid, which 

reduces the corporation’s tax liability. 

IRS uses Form 973 to determine if 

shareholders have included the 

dividend in gross income. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 2,210 

hours. 

OMB Number: 1545–0755. 

Type of Review: Extension. 

Title: LR–58–83 (Final) Related Group 

Election With Respect to Qualified 

Investments in Foreign Base Company 

Shipping Operations. 

Description: The election described in 

the attached justification converted an 

annual election to an election effective 

until revoked. The computational 

information required is necessary to 

assure that the U.S. shareholder 

correctly reports any shipping income of 

its controlled foreign corporations 

which is taxable to that shareholder. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 205 

hours. 

Clearance Officer: Glenn P. Kirkland, 

(202) 622–3428, Internal Revenue 

Service, Room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

OMB Reviewer: Alexander T. Hunt, 

(202) 395–7316, Office of Management 

and Budget, Room 10235, New 

Executive Office Building, Washington, 

DC 20503. 

Robert Dahl, 

Treasury PRA Clearance Officer. 

[FR Doc. E7–4781 Filed 3–14–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 990–N 

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 


rmajette on PROD1PC67 with NOTICES
Federal Register / Vol. 72, No. 50 / Thursday, March 15, 2007 / Notices 12263 

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 

990–N, Electronic Notice (e-Postcard) 

for Tax-Exempt Organizations Not 

Required To File Form 990 or 990–EZ. 

DATES: Written comments should be 

received on or before May 14, 2007 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn 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 forms and instructions 

should be directed to Allan Hopkins, 

(202) 622–6665, or at Internal Revenue 

Service, Room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224, 

or through the Internet, at 

Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: Title: 

Electronic Notice (e-Postcard) for TaxExempt Organizations Not Required To 

File Form 990 or 990–EZ. 

OMB Number: 1545–XXXX. 

Form Number: 990–N. 

Abstract: Section 1223 of the Pension 

Protection Act of 2006 (PPA ’06), 

enacted on August 17, 2006, amended 

Internal Revenue Code (Code) section 

6033 by adding Code section 6033(i), 

which requires certain tax-exempt 

organizations to file an annual 

electronic notice (Form 990–N) for tax 

years beginning after December 31, 

2006. These organizations are not 

required to file Form 990 (or Form 990–

EZ) because their gross receipts are 

normally $25,000 or less. 

Current Actions: This is a new form. 

Type of Review: New collection. 

Affected Public: Not-for-profit 

institutions. 

Estimated Number of Respondents: 

520,000. 

Estimated Time Per Respondent: 15 

min. 

Estimated Total Annual Burden 

Hours: 130,000. 

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 

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: March 7, 2007. 

Glenn Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–4699 Filed 3–14–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Notice 2006–109 

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 Notice 

2006–109, Interim Guidance Regarding 

Supporting Organizations and Donor 

Advised Funds. 

DATES: Written comments should be 

received on or before May 14, 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 notice should be directed to 

Allan Hopkins, at (202) 622–6665, or at 

Internal Revenue Service, room 6516, 

1111 Constitution Avenue NW., 

Washington, DC 20224, or through the 

Internet, at Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: Title: 

Interim Guidance Regarding Supporting 

Organizations and Donor Advised 

Funds. 

OMB Number: 1545–2050. 

Notice Number: Notice 2006–109. 

Abstract: This notice provides private 

foundation with options in collecting 

information to assist in determining 

whether grants to certain supporting 

organizations are qualifying 

distributions and are not taxable 

expenditures. Collecting such 

information will provide private 

foundations with relief from the new 

excise taxes imposed under amended 

sections 4942 and 4945 of the Code. It 

also provides relief from excise taxes 

imposed under new section 4966 of the 

Code. A sponsoring organization of 

certain donor advised funds will not be 

subject to the new taxes for distributions 

from employer-sponsored disaster relief 

funds or for distributions of certain 

educational grants if the organization 

collects and maintains the required 

documentation. The Notice clarifies that 

existing documentation requirements 

for employer-sponsored relief programs 

and educational grants apply to these 

funds. 

Current Actions: There are no changes 

being made to the notice at this time. 

This is a new notice 

Type of Review: Approval of new 

collection. 

Affected Public: Not-for-profit 

institutions. 

Estimated Number of Respondents: 

65,000. 

Estimated Average Time Per 

Respondent: 9 hours, 25 minutes. 

Estimated Total Annual Burden 

Hours: 612,294. 

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 


rmajette on PROD1PC67 with NOTICES