Federal Register / Vol. 72, No. 56 / Friday, March 23, 2007 / Notices 13861 

1The earliest this transaction may be 

consummated is April 24, 2007. NYGL has 

originally indicated a consummation date of April 

20, 2007. NYGL has been informed by a Board staff 

member that consummation may not place until 

April 24, 2007. 

2The Board will grant a stay if an informed 

decision on environmental issues (whether raised 

by a party or by the Board’s Section of 

Environmental Analysis (SEA) in its independent 

investigation) cannot be made before the 

exemption’s effective date. See Exemption of Outof-Service Rail Lines, 5 I.C.C.2d 377 (1989). Any 

request for a stay should be filed as soon as possible 

so that the Board may take appropriate action before 

the exemption’s effective date. 

3Each OFA must be accompanied by the filing 

fee, which currently is set at $1,300. See 49 CFR 

1002.2(f)(25). 

Oregon Short Line R. Co.—

Abandonment—Goshen, 360 I.C.C. 91 

(1979). To address whether this 

condition adequately protects affected 

employees, a petition for partial 

revocation under 49 U.S.C. 10502(d) 

must be filed. 

Provided no formal expression of 

intent to file an offer of financial 

assistance (OFA) has been received, this 

exemption will be effective on April 24, 

2007, unless stayed pending 

reconsideration.1 Petitions to stay that 

do not involve environmental issues,2

formal expressions of intent to file an 

OFA under 49 CFR 1152.27(c)(2),3 and 

trail use/rail banking requests under 49 

CFR 1152.29 must be filed by April 2, 

2007. Petitions to reopen or requests for 

public use conditions under 49 CFR 

1152.28 must be filed by April 12, 2007, 

with: Surface Transportation Board, 395 

E Street SW., Washington, DC 20423–

0001. 

A copy of any petition filed with the 

Board should be sent to NYGL’s 

representative: Fritz R. Kahn, Fritz R. 

Kahn, P.C., 1920 N Street, NW. (8th fl.), 

Washington, DC 20036–1601. 

If the verified notice contains false or 

misleading information, the exemption 

is void ab initio. 

NYGL has filed a combined 

environmental and historic report 

which addresses the effects, if any, of 

the abandonment on the environment 

and historic resources. SEA will issue 

an environmental assessment (EA) by 

March 30, 2007. Interested persons may 

obtain a copy of the EA by writing to 

SEA (Suite 1100, Surface Transportation 

Board, Washington, DC 20423–0001) or 

by calling SEA, at (202) 245–0305. 

[Assistance for the hearing impaired is 

available through the Federal 

Information Relay Service (FIRS) at 1–

800–877–8339.] Comments on 

environmental and historic preservation 

matters must be filed within 15 days 

after the EA becomes available to the 

public. 

Environmental, historic preservation, 

public use, or trail use/rail banking 

conditions will be imposed, where 

appropriate, in a subsequent decision. 

Pursuant to the provisions of 49 CFR 

1152.29(e)(2), NYGL shall file a notice 

of consummation with the Board to 

signify that it has exercised the 

authority granted and fully abandoned 

the line. If consummation has not been 

effected by NYGL’s filing of a notice of 

consummation by March 23, 2008, and 

there are no legal or regulatory barriers 

to consummation, the authority to 

abandon will automatically expire. 

Board decisions and notices are 

available on our Web site at http:// 

www.stb.dot.gov. 

Decided: March 16, 2007. 

By the Board, Joseph H. Dettmar, Acting 

Director, Office of Proceedings. 

Vernon A. Williams, 

Secretary. 

[FR Doc. E7–5250 Filed 3–22–07; 8:45 am] 

BILLING CODE 4915–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 5500 and Schedules 

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 

5500 and Schedules, Annual Return/ 

Report of Employee Benefit Plan. 

DATES: Written comments should be 

received on or before May 22, 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: Annual Return/Report of 

Employee Benefit Plan. 

OMB Number: 1545–1610. 

Form Number: 5500 and Schedules. 

Abstract: Form 5500 is an annual 

information return filed by employee 

benefit plans. The IRS uses this 

information to determine if the plan 

appears to be operating properly as 

required under the law or whether the 

plan should be audited. 

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 and 

households, not-for-profit institutions, 

and farms. 

Estimated Number of Respondents: 

1,139,244. 

Estimated Time per Respondent: 3 

hours; 47 minutes. 

Estimated Total Annual Burden 

Hours: 4,412,302. 

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. 


sroberts on PROD1PC70 with NOTICES
13862 Federal Register / Vol. 72, No. 56 / Friday, March 23, 2007 / Notices 

Approved: March 12, 2007. 

Glenn Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–5273 Filed 3–22–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8855 

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 

8855, Election To Treat a Qualified 

Revocable Trust as Party of an Estate. 

DATES: Written comments should be 

received on or before May 22, 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 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: Election To Treat a Qualified 

Revocable Trust as Party of an Estate. 

OMB Number: 1545–1881. 

Form Number: 8855. 

Abstract: Form 8855 is used to make 

a section 645 election that allows a 

qualified revocable trust to be treated 

and taxed (for income tax purposes) as 

part of its related estate during the 

election period. 

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. 

Estimated Number of Respondents: 

5,000. 

Estimated Time per Respondent: 5 

hours, 38 minutes. 

Estimated Total Annual Burden 

Hours: 28,200. 

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. E7–5274 Filed 3–22–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 1118 

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 

1118, Foreign Tax Credit-Corporations. 

DATES: Written comments should be 

received on or before May 22, 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: Foreign Tax CreditCorporations. 

OMB Number: 1545–0122. 

Form Number: 1118. 

Abstract: Form 1118 and separate 

Schedules I and J are used by domestic 

and foreign corporations to claim a 

credit for taxes paid to foreign countries. 

The IRS uses Form 1118 and related 

schedules to determine if the 

corporation has computed the foreign 

tax credit correctly. 

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. 

Estimated Number of Respondents: 

30,950. 

Estimated Time per Respondents: 130 

hours, 16 minutes. 

Estimated Total Annual Burden 

Hours: 4,031,736. 

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: 


sroberts on PROD1PC70 with NOTICES