26682 Federal Register / Vol. 72, No. 90 / Thursday, May 10, 2007 / Notices 

DC, between 9 a.m. and 5 p.m., Monday 

through Friday, except Federal holidays. 

Communications received within 45 

days of the date of this notice will be 

considered by FRA before final action is 

taken. Comments received after that 

date will be considered as far as 

practicable. All written communications 

concerning these proceedings are 

available for examination during regular 

business hours (9 a.m.–5 p.m.) at the 

above facility. All documents in the 

public docket are also available for 

inspection and copying on the Internet 

at the docket facility’s Web site at 

http://dms.dot.gov. 

FRA wishes to inform all potential 

commenters that anyone is able to 

search the electronic form of all 

comments received into any of our 

dockets by the name of the individual 

submitting the comment (or signing the 

comment, if submitted on behalf of an 

association, business, labor union, etc.). 

You may review DOT’s complete 

Privacy Act Statement in the Federal 

Register published on April 11, 2000 

(Volume 65, Number 70; Pages 19477–

78) or you may visit http://dms.dot.gov. 

FRA expects to be able to determine 

these matters without an oral hearing. 

However, if a specific request for an oral 

hearing is accompanied by a showing 

that the party is unable to adequately 

present his or her position in a written 

statement, an application may be set for 

public hearing. 

Issued in Washington, DC, on May 2, 2007. 

Grady C. Cothen, Jr., 

Deputy Associate Administrator for Safety 

Standards and Program Development. 

[FR Doc. E7–9029 Filed 5–9–07; 8:45 am] 

BILLING CODE 4910–06–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

May 4, 2007. 

The Department of the Treasury has 

submitted the following public 

information collection requirement(s) to 

OMB for review and clearance under the 

Paperwork Reduction Act of 1995, 

Public Law 104–13. 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, 1750 

Pennsylvania Avenue, NW., 

Washington, DC 20220. 

DATES: Written comments should be 

received on or before June 11, 2007 to 

be assured of consideration. 

Internal Revenue Service (IRS) 

OMB Number: 1545–1836. 

Type of Review: Extension. 

Title: Support Schedule for Advance 

Ruling Period. 

Form: 8734. 

Description: Form 8734 is used by 

charities to furnish financial 

information that Exempt Organization 

Determinations of IRS can use to 

classify a charity as a public charity. 

Respondents: Non-profit institutions. 

Estimated Total Burden Hours: 

549,120 hours. 

OMB Number: 1545–1877. 

Type of Review: Extension. 

Title: Revenue Procedure 2004–18, 

Average Area Purchase Price Safe 

Harbors and Nationwide Purchase 

Prices under section 143. 

Description: Revenue Procedure 

2004–18 provides issuers of qualified 

mortgage bonds, as defined in section 

143(a) of the Internal Revenue Code, 

and issuers of mortgage credit 

certificates, as defined in section 25(c), 

with (1) nationwide average purchase 

prices for residences located in the 

Untied States, and (2) average area 

purchase price safe harbors for 

residences located in statistical areas in 

each state, the District of Columbia, 

Puerto Rico, the Northern Mariana 

Islands, American Samoa, the Virgin 

Islands, and Guam. 

Respondents: State, local, and tribal 

governments. 

Estimated Total Burden Hours: 15 

hours. 

OMB Number: 1545–2049. 

Type of Review: Extension. 

Title: Notice 2006–107—

Diversification Requirements for 

Qualified Defined Contribution Plans 

Holding Publicly Traded Employer 

Securities. 

Description: This notice contains two 

model forms that may be used by 

employers to notify plan participants of 

their diversification rights under 

sections 901 and 507 of the Pension 

Protection Act of 2006. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 7,725 

hours. 

OMB Number: 1545–2041. 

Type of Review: Extension. 

Title: Expenses Paid by Certain 

Whaling Captains in Support of Native 

Alaskan Subsistence Whaling. 

Description: This document provides 

guidelines under section 170(n) for 

substantiating certain expenses of 

carrying out sanctioned whaling 

activities. 

Respondents: Individuals and 

households. 

Estimated Total Burden Hours: 48 

hours. 

OMB Number: 1545–0134. 

Type of Review: Revision. 

Title: Application to Adopt, Change, 

or Retain a Tax Year. 

Form: 1128. 

Description: Form 1128 is needed in 

order to process taxpayers’ request to 

change their tax year. All information 

requested is used to determine whether 

the application should be approved. 

Respondents are taxable and nontaxable 

entities including individuals, 

partnerships, corporations, estates, taxexempt organizations and cooperatives. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 

232,066 hours. 

OMB Number: 1545–1599. 

Type of Review: Extension. 

Title: REG–208299–90 (NPRM) 

Allocation and Sourcing of Income and 

Deductions Among Taxpayers Engaged 

in a Global Dealing Operation. 

Description: The information 

requested in sections 1.475(g)–2(b), 

1.482–8(b)(3), (c)(3), (e)(5), (e)(6), (d)(3), 

and 1.863–3(h) is necessary for Service 

to determine whether the taxpayer has 

entered into controlled transactions at 

an arm’s length price. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 20,000 

hours. 

Clearance Officer: Glenn P. Kirkland, 

Internal Revenue Service, Room 6516, 

1111 Constitution Avenue, NW., 

Washington, DC 20224, (202) 622–3428. 

OMB Reviewer: Alexander T. Hunt, 

Office of Management and Budget, 

Room 10235, New Executive Office 

Building, Washington, DC 20503, (202) 

395–7316. 

Robert Dahl, 

Treasury PRA Clearance Officer. 

[FR Doc. E7–9032 Filed 5–9–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–208985–89] 

Proposed Collection; Comment 

Request for Regulation Project 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 


pwalker on PROD1PC71 with NOTICES
Federal Register / Vol. 72, No. 90 / Thursday, May 10, 2007 / Notices 26683 

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 notice of proposed 

rulemaking, REG–208985–89, Taxable 

Year of Certain Foreign Corporations 

Beginning After July 10, 1989 (§§ 1.563–

3, 1.898–3, and 1.898–4). 

DATES: Written comments should be 

received on or before July 9, 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 regulations 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: Taxable Year of Certain Foreign 

Corporations Beginning After July 10, 

1989. 

OMB Number: 1545–1355. 

Regulation Project Number: REG–

208985–89 (formerly INTL–848–89). 

Abstract: This regulation provides 

guidance concerning Internal Revenue 

Code section 898, which seeks to 

eliminate the deferral of income and, 

therefore, the understatement in 

income, by United States shareholders 

of certain controlled foreign 

corporations and foreign personal 

holding companies. The elimination of 

deferral is accomplished by requiring a 

specified foreign corporation to conform 

its taxable year to the majority U.S. 

shareholder year. The information 

collected will be used by the IRS to 

assess the reported tax and determine 

whether taxpayers have complied with 

Code section 898. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

700. 

Estimated Time per Respondent: 1 

hour. 

Estimate Total Annual Burden Hours: 

700. 

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: May 1, 2007. 

Glenn Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–8915 Filed 5–9–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[PS–78–91; PS–50–92; and REG–114664–97] 

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 existing 

final regulations, PS–78–91 (TD 8430), 

Procedure for Monitoring Compliance 

With Low-Income Housing Credit 

Requirements; PS–50–92 (TD 8521), 

Rules To Carry Out the Purposes of 

Section 42 and for Correcting 

Administrative Errors and Omissions; 

and REG–114664–97 (TD 8859), 

Compliance Monitoring and 

Miscellaneous Issues Relating to the 

Low-Income Housing Credit (§§ 1.42–5, 

1.42–13, and 1.42–17). 

DATES: Written comments should be 

received on or before July 9, 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 regulations 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: PS–78–91, Procedure for 

Monitoring Compliance With LowIncome Housing Credit Requirements; 

PS–50–92, Rules To Carry Out the 

Purposes of Section 42 and for 

Correcting Administrative Errors and 

Omissions; and REG–114664–97, 

Compliance Monitoring and 

Miscellaneous Issues Relating to the 

Low-Income Housing Credit. 

OMB Number: 1545–1357. 

Regulation Project Numbers: PS–78–

91; PS–50–92; and REG–114664–97. 

Abstract: 

PS–78–91. This regulation requires 

state allocation plans to provide a 

procedure for state and local housing 

credit agencies to monitor for 

compliance with the requirements of 

Code section 42 and report any 

noncompliance to the IRS. 

PS–50–92. This regulation concerns 

the Secretary of the Treasury’s authority 

to provide guidance under Code section 

42 and allows state and local housing 

credit agencies to correct administrative 

errors and omissions made in 

connection with allocations of lowincome housing credit dollar amounts 

and recordkeeping within a reasonable 

period after their discovery. 

REG–114664–97. This regulation 

amends the procedures for state and 

local housing credit agencies’


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