2132 Federal Register / Vol. 77, No. 9 / Friday, January 13, 2012 / Notices 

Title: U.S. Income Tax Return for 

Homeowners Associations. 

Form: 1120–H. 

Abstract: Homeowners associations 

file Form 1120–H to report income, 

deductions, and credits. The form is 

also used to report the income tax 

liability of the homeowners association. 

The IRS uses Form 1120–H to determine 

if the income, deductions, and credits 

have been correctly computed. The form 

is also used for statistical purposes. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 

3,665,832. 

OMB Number: 1545–0941. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Report of a Sale or Exchange of 

Certain Partnership Interests. 

Form: 3808. 

Abstract: Form 8308 is an information 

return that gives the IRS the names of 

the parties involved in a section 751(a) 

exchange of a partnership interest. It is 

also used by the partnership as a 

statement to the transferor or transferee. 

It alerts the transferor that a portion of 

the gain on the sale of partnership 

interest may be ordinary income. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 

1,460,000. 

OMB Number: 1545–1414. 

Type of Review: Revision of a 

currently approved collection. 

Title: Credit for Employer Social 

Security and Medicare Taxes Paid on 

Certain Employee Tips. 

Form: 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, other than tips used to 

meet the minimum wage requirement. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 

161,448. 

OMB Number: 1545–1487. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: TD 8834 (final)—Treatment of 

Distributions to Foreign Persons Under 

Sections 367(e)(1) and 367(e)(2). 

Abstract: Sections 367(e)(1) and 

367(e)(2) provide for gain recognition on 

certain transfers to foreign persons 

under sections 355 and 332. Section 

6038B(a) requires U.S. persons 

transferring property to foreign persons 

in exchanges described in sections 332 

and 355 to furnish information 

regarding such transfers. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 2,471. 

OMB Number: 1545–1657. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Revenue Procedure 99–32— 

Conforming Adjustments Subsequent to 

Section 482 Allocations. 

Abstract: This revenue procedure 

prescribes the applicable procedures for 

the repatriation of cash by a United 

States taxpayer via an interest-bearing 

account receivable or payable in an 

amount corresponding to the amount 

allocated under section 482 from, or to 

a related person with respect to a 

controlled transaction. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 1,620. 

OMB Number: 1545–1799. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Notice 2002–69, Interest Rates 

and Appropriate Foreign Loss Payment 

Patterns For Determining the Qualified 

Insurance Income of Certain Controlled 

Corporations under Section 954(f). 

Abstract: This notice provide 

guidance on how to determine the 

foreign loss payment patterns of a 

foreign insurance company owned by 

U.S. shareholder for purposes of 

determining the amount of investment 

income earned by the insurance 

company that is not treated as Subpart 

F income under section 954(i). 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 300. 

OMB Number: 1545–1942. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Title: Notice 2005–44, Charitable 

Contributions of Certain Motor Vehicles, 

Boats, and Airplanes. 

Abstract: The notice provides 

guidance under new Subsection 

170(f)(12) and 6720 regarding how to 

determine the amount of a charitable 

contribution for certain vehicles and the 

related substantiation and information 

reporting requirements. 

Affected Public: Individuals or 

Households. 

Estimated Total Burden Hours: 3,041. 

OMB Number: 1545–1950. 

Type of Review: Revision of a 

currently approved collection. 

Title: Return by a Shareholder Making 

Certain Late Elections to End Treatment 

as a Passive Foreign Investment 

Company. 

Form: 8621–A. 

Abstract: Form 8621–A is used by 

certain taxpayer/investors to request 

ending of their treatment as investing in 

a Passive Foreign Investment Company. 

New regulations are being written in 

support of the new products. The 

underlying law is in IRC sections 1297 

and 1298. 

Affected Pubic: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 785. 

OMB Number: 1545–2135. 

Type of Review: Revision of a 

currently approved collection. 

Title: REG–133300–07 (TD 9447-final) 

Automatic Contribution Arrangements. 

Abstract: These regulations provide a 

method by which an automatic 

contribution arrangement can become a 

qualified automatic contribution 

arrangement and automatically satisfy 

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

These regulations also describe how an 

automatic contribution arrangement can 

become an eligible automatic 

contribution arrangement and 

employees can get back mistaken 

contributions. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 

30,000. 

Dawn D. Wolfgang, 

Treasury PRA Clearance Officer. 

[FR Doc. 2012–536 Filed 1–12–12; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

January 10, 2012. 

The Department of the Treasury will 

submit the following information 

collection request to the Office of 

Management and Budget (OMB) for 

review and clearance in accordance 

with the Paperwork Reduction Act of 

1995, Public Law 104–13, on or after the 

date of publication of this notice. 

DATES: Comments should be received on 

or before February 13, 2012 to be 

assured of consideration. 

ADDRESSES: Send comments regarding 

the burden estimate, or any other aspect 

of the information collection, including 

suggestion for reducing the burden, to 

(1) Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Attention: Desk Officer for 

Treasury, New Executive Office 

Building, Room 10235, Washington, DC 

20503, or email at OIRA_Submission@

mstockstill on DSK4VPTVN1PROD with NOTICES

Federal Register / Vol. 77, No. 9 / Friday, January 13, 2012 / Notices 2133 

OMB.EOP.GOV and (2) Treasury PRA 

Clearance Officer, 1750 Pennsylvania 

Ave. NW., Suite 11020, Washington, DC 

20220, or on-line at www.PRAComment.

gov. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submission(s) may be 

obtained by calling (202) 927–5331, 

email at PRA@treasury.gov, or the entire 

information collection request maybe 

found at www.reginfo.gov. 

Financial Management Service (FMS) 

OMB Number: 1510–0057. 

Type of Review: Revision of a 

currently approved collection. 

Title: Annual Letters—Certificate of 

Authority (A) and Admitted Reinsurer 

(B). 

Abstract: Annual letters sent to 

insurance companies providing surety 

bonds to protect the U.S. or companies 

providing reinsurance to the U.S. 

information needed for renewal of 

certified companies and their 

underwriting limitations, and of 

admitted reinsurers. 

Affected Public: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 

13,555. 

Dawn D. Wolfgang, 

Treasury PRA Clearance Officer. 

[FR Doc. 2012–579 Filed 1–12–12; 8:45 am] 

BILLING CODE 4810–35–P 

DEPARTMENT OF THE TREASURY 

Debt Management Advisory Committee 

Meeting 

Notice is hereby given, pursuant to 5 

U.S.C. App. 2, § 10(a)(2), that a meeting 

will be held at the Hay-Adams Hotel, 

16th Street and Pennsylvania Avenue 

NW.,Washington, DC, on January 31, 

2012 at 11 a.m. of the following debt 

management advisory committee: 

Treasury Borrowing Advisory 

Committee of the Securities Industry 

and Financial Markets Association. 

The agenda for the meeting provides 

for a charge by the Secretary of the 

Treasury or his designate that the 

Committee discuss particular issues and 

conduct a working session. Following 

the working session, the Committee will 

present a written report of its 

recommendations. The meeting will be 

closed to the public, pursuant to 

5 U.S.C. App. 2, § 10(d) and Public Law 

103–202, § 202(c)(1)(B)(31 U.S.C. 3121 

note). 

This notice shall constitute my 

determination, pursuant to the authority 

placed in heads of agencies by 5 U.S.C. 

App. 2, § 10(d) and vested in me by 

Treasury Department Order No. 101–05, 

that the meeting will consist of 

discussions and debates of the issues 

presented to the Committee by the 

Secretary of the Treasury and the 

making of recommendations of the 

Committee to the Secretary, pursuant to 

Public Law 103–202, § 202(c)(1)(B). 

Thus, this information is exempt from 

disclosure under that provision and 

5 U.S.C.552b(c)(3)(B). In addition, the 

meeting is concerned with information 

that is exempt from disclosure under 

5 U.S.C.552b(c)(9)(A). The public 

interest requires that such meetings be 

closed to the public because the 

Treasury Department requires frank and 

full advice from representatives of the 

financial community prior to making its 

final decisions on major financing 

operations. Historically, this advice has 

been offered by debt management 

advisory committees established by the 

several major segments of the financial 

community. When so utilized, such a 

committee is recognized to be an 

advisory committee under 5 U.S.C. App. 

2, § 3. 

Although the Treasury’s final 

announcement of financing plans may 

not reflect the recommendations 

provided in reports of the Committee, 

premature disclosure of the Committee’s 

deliberations and reports would be 

likely to lead to significant financial 

speculation in the securities market. 

Thus, this meeting falls within the 

exemption covered by 5 

U.S.C.552b(c)(9)(A). 

Treasury staff will provide a technical 

briefing to the press on the day before 

the Committee meeting, following the 

release of a statement of economic 

conditions and financing estimates. This 

briefing will give the press an 

opportunity to ask questions about 

financing projections. The day after the 

Committee meeting, Treasury will 

release the minutes of the meeting, any 

charts that were discussed at the 

meeting, and the Committee’s report to 

the Secretary. 

The Office of Debt Management is 

responsible for maintaining records of 

debt management advisory committee 

meetings and for providing annual 

reports setting forth a summary of 

Committee activities and such other 

matters as may be informative to the 

public consistent with the policy of 5 

U.S.C. 552(b). The Designated Federal 

Officer or other responsible agency 

official who may be contacted for 

additional information is Fred 

Pietrangeli, Deputy Director for Office of 

Debt Management (202) 622–1876. 

Dated: Jan. 6, 2012. 

Mary Miller, 

Assistant Secretary (Financial Markets). 

[FR Doc. 2012–386 Filed 1–12–12; 8:45 am] 

BILLING CODE 4810–25–P 

U.S.-CHINA ECONOMIC AND 

SECURITY REVIEW COMMISSION 

Notice of Open Public Hearing 

AGENCY: U.S.-China Economic and 

Security Review Commission. 

ACTION: Notice of open public hearing— 

January 26, 2012, Washington, DC. 

SUMMARY: Notice is hereby given of the 

following hearing of the U.S.-China 

Economic and Security Review 

Commission. 

Name: Dennis Shea, Chairman of the 

U.S.-China Economic and Security 

Review Commission. 

The Commission is mandated by 

Congress to investigate, assess, and 

report to Congress annually on ‘‘the 

national security implications of the 

economic relationship between the 

United States and the People’s Republic 

of China.’’ 

Pursuant to this mandate, the 

Commission will hold a public hearing 

in Washington, DC on January 26, 2012, 

to address ‘‘China’s Global Quest for 

Resources and Implications for the 

United States.’’ 

Background: This is the first public 

hearing the Commission will hold 

during its 2012 report cycle to collect 

input from leading academic, industry, 

and government experts on national 

security implications of the U.S. 

bilateral trade and economic 

relationship with China. The January 26 

hearing will examine China’s Global 

Quest for Resources and Implications 

for the United States. The hearing will 

be co-chaired by Commissioners 

Richard D’Amato and Daniel 

Blumenthal. 

Any interested party may file a 

written statement by January 26, 2012, 

by mailing to the contact below. A 

portion of each panel will include a 

question and answer period between the 

Commissioners and the witnesses. 

Transcripts of past Commission 

public hearings may be obtained from 

the USCC Web Site www.uscc.gov. 

Date and Time: Thursday, January 26, 

8:30am—3:00pm Eastern Standard 

Time. A detailed agenda for the hearing 

and roundtable will be posted to the 

Commission’s Web Site at www.uscc.gov 

as soon as available. Please check the 

Web site for possible changes to the 

hearing schedule. 

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