[Federal Register Volume 70, Number 187 (Wednesday, September 28, 2005)]
[Notices]
[Page 56770]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-19337]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

September 22, 2005.
    The Department of 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 October 28, 
2005 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0066.
    Type of Review: Extension.
    Title: Application for Additional Extension of Time to File U.S. 
Individual Income Tax Return.
    Form: IRS form 2688.
    Description: IRC section 6081 permits the Secretary to grant a 
reasonable extension of time for filing any return, declaration, 
statement, or other document. This form is used by individuals to ask 
for an additional extension of time to file U.S. Income tax returns 
after filing for the automatic extension, but still needing more time.
    Respondents: Individuals or households.
    Estimated Total Burden Hours: 2,240,312 hours.

    OMB Number: 1545-1091.
    Type of Review: Extension.
    Title: Corporate Passive Activity Loss and Credit Limitations.
    Form: IRS form 8810.
    Description: Under Section 469, losses and credits from passive 
activities, to the extent they exceed passive income (or, in the case 
of credits, the tax attributable to net passive income), are not 
allowed. Form 8810 is used by personal service corporations and closely 
held corporations to figure the passive activity loss and credits 
allowed and the amount of loss and credit to be reported on their tax 
return.
    Respondents: Business or other for profit.
    Estimated Total Burden Hours: 3,749,000 hours.

    OMB Number: 1545-1517.
    Type of Review: Extension.
    Title: Distributions from an Archer MSA or Medicare+Choice MSA.
    Form: IRS form 1099-SA.
    Description: This form is used to report distributions from a 
medical savings account as set forth in section 220(h).
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 3,618 hours.

    OMB Number: 1545-1218.
    Type of Review: Extension.
    Title: CO-25-96 (final) Regulations under Section 1502 of the 
Internal Revenue Code of 1986; Limitations on Net Operating Loss Carry 
forwards and Certain Built-in Losses and Credits Following an Ownership 
Change of Consolidated Group.
    Description: Section 1502 provides for the promulgation of 
regulations with respect to corporations that file consolidated income 
tax returns. Section 382 limits the amount of income that can be offset 
by loss carryovers and credits after an ownership change. These final 
regulations provide rules for applying section 382 to groups of 
corporations that file a consolidated return.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 662 hours.

    OMB Number: 1545-1811.
    Type of Review: Extension.
    Title: REG-150313-01 (NPRM) Redemptions Taxable as Dividends.
    Description: This information is necessary to ensure that the 
redeemed shareholder's suspended basis account is properly taken into 
account as a loss under the Code or regulations to the extent of the 
lesser of the amount of the suspended basis account or the gain 
recognized upon a disposition of other stock in the redeeming 
corporation.
    Respondents: Individuals or households and Business or other for-
profit.
    Estimated Total Burden Hours: 1,500 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.

Michael A. Robinson,
Treasury PRA Clearance Officer.
[FR Doc. 05-19337 Filed 9-27-05; 8:45 am]
BILLING CODE 4830-01-P