14598 Federal Register / Vol. 77, No. 48 / Monday, March 12, 2012 / Notices 

Electronic and Facsimile Availability 

This document and additional 

information concerning OFAC are 

available from OFAC’s Web site 

(www.treas.gov/ofac) or via facsimile 

through a 24-hour fax-on-demand 

service, tel.: 202/622–0077. 

Background 

On September 23, 2001, the President 

issued Executive Order 13224 (the 

‘‘Order’’) pursuant to the International 

Emergency Economic Powers Act, 50 

U.S.C. 1701–1706, and the United 

Nations Participation Act of 1945, 22 

U.S.C. 287c. In the Order, the President 

declared a national emergency to 

address grave acts of terrorism and 

threats of terrorism committed by 

foreign terrorists, including the 

September 11, 2001 terrorist attacks in 

New York, Pennsylvania, and at the 

Pentagon. The Order imposes economic 

sanctions on persons who have 

committed, pose a significant risk of 

committing, or support acts of terrorism. 

The President identified in the Annex to 

the Order, as amended by Executive 

Order 13268 of July 2, 2002, 13 

individuals and 16 entities as subject to 

the economic sanctions. The Order was 

further amended by Executive Order 

13284 of January 23, 2003, to reflect the 

creation of the Department of Homeland 

Security. 

Section 1 of the Order blocks, with 

certain exceptions, all property and 

interests in property that are in or 

hereafter come within the United States 

or the possession or control of United 

States persons, of: (1) Foreign persons 

listed in the Annex to the Order; (2) 

foreign persons determined by the 

Secretary of State, in consultation with 

the Secretary of the Treasury, the 

Secretary of the Department of 

Homeland Security and the Attorney 

General, to have committed, or to pose 

a significant risk of committing, acts of 

terrorism that threaten the security of 

U.S. nationals or the national security, 

foreign policy, or economy of the United 

States; (3) persons determined by the 

Director of OFAC, in consultation with 

the Departments of State, Homeland 

Security and Justice, to be owned or 

controlled by, or to act for or on behalf 

of those persons listed in the Annex to 

the Order or those persons determined 

to be subject to subsection 1(b), 1(c), or 

1(d)(i) of the Order; and (4) except as 

provided in section 5 of the Order and 

after such consultation, if any, with 

foreign authorities as the Secretary of 

State, in consultation with the Secretary 

of the Treasury, the Secretary of the 

Department of Homeland Security and 

the Attorney General, deems 

appropriate in the exercise of his 

discretion, persons determined by the 

Director of OFAC, in consultation with 

the Departments of State, Homeland 

Security and Justice, to assist in, 

sponsor, or provide financial, material, 

or technological support for, or financial 

or other services to or in support of, 

such acts of terrorism or those persons 

listed in the Annex to the Order or 

determined to be subject to the Order or 

to be otherwise associated with those 

persons listed in the Annex to the Order 

or those persons determined to be 

subject to subsection 1(b), 1(c), or 1(d)(i) 

of the Order. 

On March 2, 2012 the Director of 

OFAC, in consultation with the 

Departments of State, Homeland 

Security, Justice and other relevant 

agencies, designated, pursuant to one or 

more of the criteria set forth in 

subsections 1(b), 1(c) or 1(d) of the 

Order, 1 individual whose property and 

interests in property are blocked 

pursuant to Executive Order 13224. 

The listing for this individual on 

OFAC’s list of Specially Designated 

Nationals and Blocked Persons appears 

as follows: 

Individual 

1. ACHEKZAI, Abdul Samad (a.k.a. 

SAMAD, Abdul), Balochistan Province, 

Pakistan; DOB 1970; nationality 

Afghanistan (individual) [SDGT]. 

Dated: March 2, 2012. 

Adam J. Szubin, 

Director, Office of Foreign Assets Control. 

[FR Doc. 2012–5828 Filed 3–9–12; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Information Collection; 

Comment Request 

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)). 

DATES: Written comments should be 

received on or before May 11, 2012 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Yvette B. Lawrence, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

Please send separate comments for 

each specific information collection 

listed below. You must reference the 

information collection’s title, form 

number, reporting or record-keeping 

requirement number, and OMB number 

(if any) in your comment. 

FOR FURTHER INFORMATION CONTACT: To 

obtain additional information, or copies 

of the information collection and 

instructions, or copies of any comments 

received, contact Elaine Christophe, at 

(202) 622–3179, or at Internal Revenue 

Service, room 6129, 1111 Constitution 

Avenue NW., Washington, DC 20224, or 

through the Internet, at 

Elaine.H.Christophe@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Request for Comments 

The Department of the Treasury and 

the Internal Revenue Service, as part of 

their continuing effort to reduce 

paperwork and respondent burden, 

invite the general public and other 

Federal agencies to take this 

opportunity to comment on the 

proposed or continuing information 

collections listed below in this notice, 

as required by the Paperwork Reduction 

Act of 1995, (44 U.S.C. 3501 et seq.). 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in our 

request for Office of Management and 

Budget (OMB) approval of the relevant 

information collection. All comments 

will become a matter of public record. 

Please do not include any confidential 

or inappropriate material in your 

comments. 

We invite comments on: (a) Whether 

the collection of information is 

necessary for the proper performance of 

the agency’s functions, including 

whether the information has 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 

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 the requested information. 

Information Collections Open for 

Comment 

Currently, the IRS is seeking 

comments concerning the following 


pmangrum on DSK3VPTVN1PROD with NOTICES
Federal Register / Vol. 77, No. 48 / Monday, March 12, 2012 / Notices 14599 

forms, and reporting and record-keeping 

requirements: 

Title: Underpayment of Estimated Tax 

by Individuals, Estate, and Trusts (Form 

2210), and Underpayment of Estimated 

Tax by Farmers and Fishermen (Form 

2210–F). 

OMB Number: 1545–0140. 

Form Number: 2210 AND 2210–F. 

Abstract: Internal Revenue Code 

section 6654 imposes a penalty for 

failure to pay estimated tax. Form 2210 

is used by individuals, estates, and 

trusts and Form 2210–F is used by 

farmers and fisherman to determine 

whether they are subject to the penalty 

and to compute the penalty if it applies. 

The Service uses this information to 

determine whether taxpayers are subject 

to the penalty, and to verify the penalty 

amount. 

Current Actions: There is no change to 

these existing forms. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households, business or other for-profit 

organizations, and farms. 

Estimated Number of Respondents: 

599,999. 

Estimated Time per Respondent: 4 

hrs. 

Estimated Total Annual Burden 

Hours: 2,405,663. 

Title: Guidance Regarding Charitable 

Remainder Trusts and Special Valuation 

Rules for Transfers of Interests and 

Trusts. 

OMB Number: 1545–1536. 

Regulation Project Number: REG– 

209823–96 (TD 8791 (Final)). 

Abstract: This regulation provides 

guidance relating to charitable 

remainder trusts and to special 

valuation rules for transfers of interests 

in trusts. Section 1.664–1(a)(7) of the 

regulation provides that either an 

independent trustee or qualified 

appraiser using a qualified appraisal 

must value a charitable remainder 

trust’s assets that do not have an 

objective, ascertainable value. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit organizations. 

Estimated Number of Respondents: 

150. 

Estimated Time per Respondent: 30 

minutes. 

Estimated Total Annual Burden 

Hours: 75. 

Title: Disqualified Corporate Interest 

Expense Disallowed Under Section 

163(j) and Related Information. 

OMB Number: 1545–2127. 

Form Number: Form 8926. 

Abstract: Pursuant to a Congressional 

directive to determine whether the 

earnings stripping limitation rule of 

Code section 163(j) was effective in 

curbing the erosion of the U.S. tax base, 

INTL, LMSB, and the Treasury sought to 

create Form 8926, Disqualified 

Corporate Interest Expense Disallowed 

Under Section 163(j) and Related 

Information. 

Current Actions: There is no change 

in the paperwork burden previously 

approved by OMB. This form is being 

submitted for renewal purposes only. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses and other 

for-profit organizations. 

Estimated Number of Respondents: 

500,000. 

Estimated Time per Respondent: 15 

hours 12 minutes. 

Estimated Total Annual Burden 

Hours: 7,560,000. 

Title: Information Return of a 25% 

Foreign-Owned U.S. Corporation or a 

Foreign Corporation Engaged in a U.S. 

Trade or Business. 

OMB Number: 1545–0805. 

Form Number: 5472. 

Abstract: Form 5472 is used to report 

information about transactions between 

a U.S. corporation that is 25% foreign 

owned or a foreign corporation that is 

engaged in a U.S. trade or business and 

related foreign parties. The IRS uses 

Form 5472 to determine if inventory or 

other costs deducted by the U.S. or 

foreign corporation are correct. 

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 Responses: 

103,784. 

Estimated Time per Response: 24 hrs. 

31 min. 

Estimated Total Annual Burden 

Hours: 2,544,784. 

Title: Conclusive Presumption of 

Worthlessness of Debts Held by Banks. 

OMB Number: 1545–1254. 

Regulation Project Number: FI–34–91 

(TD 8390 (Final)). 

Abstract: Section 1.166–2(d)(3) of this 

regulation allows a bank to elect to 

determine the worthlessness of debts by 

using a method of accounting that 

conforms worthlessness for tax purposes 

to worthlessness for regulatory 

purposes, and establish a conclusive 

presumption of worthlessness. An 

election under this regulation is treated 

as a change in accounting method. 

Current Actions: There is no change to 

these existing regulations. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

200. 

Estimated Time per Respondent: 15 

minutes. 

Estimated Total Annual Burden 

Hours: 50. 

Title: Reporting Requirements for 

Recipients of Points Paid on Residential 

Mortgages. 

OMB Number: 1545–1380. 

Regulation Project Number: IA–17–90 

(TD 8571(Final)). 

Abstract: These regulations require 

the reporting of certain information 

relating to payments of mortgage 

interest. Taxpayers must separately state 

on Form 1098 the amount of points and 

the amount of interest (other than 

points) received during the taxable year 

on a single mortgage and must provide 

to the payer of the points a separate 

statement setting forth the information 

being reported to the IRS. 

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 Respondents: 

37,644. 

Estimated Time per Respondent: 7 

hrs., 31 minutes. 

Estimated Total Annual Burden 

Hours: 283,056. 

Title: Form 5310, Application for 

Determination for Terminating Plan, 

and Form 6088, Distributable Benefits 

from Employee Pension Benefit Plans. 

OMB Control Number: 1545–0202. 

Form Number: Forms 5310 and 6088. 

Abstract: Employers who have 

qualified deferred compensation plans 

can take an income tax deduction for 

contributions to their plans. Form 5310 

is used to request an IRS determination 

letter about the plan’s qualification 

status (qualified or non-qualified) under 

Internal Revenue Code section 401(a). 

Form 6088 is used to show the amounts 

of distributable benefits to participants 

in the plan. 

Current Actions: The information 

collection, estimated number of 

respondents, and estimated total annual 

burden hours remain unchanged. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Responses: 

30,000. 

Estimated Time per Response: 60 

hours, 46 minutes. 


pmangrum on DSK3VPTVN1PROD with NOTICES
14600 Federal Register / Vol. 77, No. 48 / Monday, March 12, 2012 / Notices 

Estimated Total Annual Burden 

Hours: 1,813,650. 

Title: Guidance on Passive Foreign 

(PFIC) Purging Elections. 

OMB Number: 1545–1965. 

Regulation Project Number: REG– 

133446–03. 

Abstract: The IRS needs the 

information to substantiate the 

taxpayer’s computation of the taxpayer’s 

share of the PFIC’s post-1986 earning 

and profits. 

Current Actions: The information 

collection, estimated number of 

respondents, and estimated total annual 

burden hours remain unchanged. 

Type of Review: Extension of 

currently approved collection. 

Affected Public: Individuals or 

households, business or other for-profit 

organizations. 

Estimated Number of Respondents: 

250. 

Estimated Time per Respondent: 1 

hour. 

Estimated Total Annual Burden 

Hours: 250. 

Title: Notice of Plan Merger or 

Consolidation, Spinoff, or Transfer of 

Plan Assets or Liabilities; Notice of 

Qualified Separate Lines of Business. 

OMB Number: 1545–1225. 

Form Number: 5310–A. 

Abstract: Internal Revenue Code 

section 6058(b) requires plan 

administrators to notify IRS of any plan 

mergers, consolidations, spinoffs, or 

transfers of plan assets or liabilities to 

another plan. Code section 414(r) 

requires employers to notify IRS of 

separate lines of business for their 

deferred compensation plans. Form 

5310–A is used to make these 

notifications. 

Current Actions: The information 

collection, estimated number of 

respondents, and estimated total annual 

burden hours remain unchanged. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

15,000. 

Estimated Time per Respondent: 10 

hours, 35 minutes. 

Estimated Total Annual Burden 

Hours: 158,800. 

Title: Information Return for Real 

Estate Mortgage Investment Conduits 

(REMICs) and Issuers of Collateralized 

Debt Obligations. 

OMB Number: 1545–1099. 

Form Number: 8811. 

Abstract: Current regulations require 

real estate mortgage investment 

conduits (REMICs) to provide Forms 

1099 to true holders of interests in these 

investment vehicles. Because of the 

complex computations required at each 

level and the potential number of 

nominees, the ultimate investor may not 

receive a Form 1099 and other 

information necessary to prepare their 

tax return in a timely fashion. Form 

8811 collects information for publishing 

by the IRS so that brokers can contact 

REMICs to request the financial 

information and timely issue Forms 

1099 to holders. 

Current Actions: There are no changes 

being made to Form 8811 at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Responses: 

1,000. 

Estimated Time per Response: 4 hr., 

23 min. 

Estimated Total Annual Burden 

Hours: 4,380. 

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. 

Approved: March 5, 2012. 

Yvette B. Lawrence, 

IRS Reports Clearance Officer. 

[FR Doc. 2012–5831 Filed 3–9–12; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

United States Mint 

Pricing for 2012 Kennedy Half-Dollar 

Bags and Rolls, Bronze Medals, the 

First Spouse Bronze Medal Set and the 

Birth Set 

AGENCY: United States Mint, Department 

of the Treasury. 

ACTION: Notice. 

SUMMARY: The United States Mint is 

announcing 2012 pricing for Kennedy 

Half-Dollar bags and rolls, bronze 

medals, the First Spouse Bronze Medal 

Set and the Birth Set. 

Product Retail price 

Kennedy Half-Dollar Bags ............................................................................................................................................................... 139.95 

Kennedy Half-Dollar Two-Roll Set ................................................................................................................................................... 32.95 

Large Bronze Medals ...................................................................................................................................................................... 39.95 

Small Bronze Medals ....................................................................................................................................................................... 6.95 

First Spouse Bronze Medal Set ...................................................................................................................................................... 16.95 

Birth Set ........................................................................................................................................................................................... 19.95 

FOR FURTHER INFORMATION CONTACT: B. B. 

Craig, Associate Director for Sales and 

Marketing; United States Mint; 801 9th 

Street NW., Washington, DC 20220; or 

call 202–354–7500. 

Authority: 31 U.S.C. 5111, 5112 & 9701. 

Dated: March 6, 2012. 

Richard A. Peterson, 

Deputy Director, United States Mint. 

[FR Doc. 2012–5871 Filed 3–9–12; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Public Availability of the Department of 

Veterans Affairs Fiscal Year (FY) 2011 

Service Contract Inventory 

AGENCY: Department of Veterans Affairs. 

ACTION: Notice of Public Availability of 

FY 2011 Service Contract Inventories. 

SUMMARY: In accordance with Section 

743 of Division C of the Consolidated 

Appropriations Act of 2010 (Public Law 

111–117), Department of Veterans 

Affairs (VA) is publishing this notice to 

advise the public of the availability of 

the FY 2011 Service Contract Inventory. 

The inventory provides information on 

VA service contract actions over 

$25,000 made in FY 2011. The 

information is organized by function to 

show how contracted resources are 

distributed throughout the agency. The 

inventory has been developed in 

accordance with guidance issued on 

November 5, 2010, and updated on 

December 19, 2011, by the Office of 

Management and Budget’s Office of 

Federal Procurement Policy (OFPP). 

OFPP’s guidance is available at http://

www.whitehouse.gov/sites/default/files/


pmangrum on DSK3VPTVN1PROD with NOTICES