Federal Register / Vol. 70, No. 187 / Wednesday, September 28, 2005 / Notices 56771 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

September 22, 2005. 

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 October 28, 2005 

to be assured of consideration. 

Internal Revenue Service (IRS) 

OMB Number: 1545–0295. 

Type of Review: Extension. 

Title: Notice 210 Preparation 

Instructions of Media Labels. 

Description: Notice 210, Preparation 

Instructions for Media Labels, instructs 

the filers on how to prepare their own 

pressure sensitive label. This label must 

be attached to each and every piece of 

magnetic media to identify specific 

items needed so that the media can be 

processed by the Internal Revenue 

Service. 

Respondents: Business or other forprofit and Not-for-profit business. 

Estimated Total Burden Hours: 12,765 

hours. 

OMB Number: 1545–0970. 

Type of Review: Extension. 

Title: U.S. Partnership Declaration 

and Signature for Electronic Filing. 

Form: IRS form 8453–P. 

Description: This form is used to 

secure general partner’s signature and 

declaration in conjunction with the 

electronic filing of a partnership return 

(form 1065). Form 8453–P, along with 

the electronic transmission, will 

comprise the partnership’s return. 

Respondents: Business or other forprofit. 

Estimated Total Burden Hours: 405 

hours. 

OMB Number: 1545–1007. 

Type of Review: Extension. 

Title: Nondeductible IRAs. 

Form: IRS form 8606. 

Description: IRC section 408(o) 

requires certain information regarding 

nondeductible contributions to 

traditional IRAs (reported on Part I of 

Form 8606). IRC section 408A(d) 

requires information regarding 

conversions from traditional IRAs to 

Roth IRAs and distributions from Roth 

IRAs (reported on Parts II & III of Form 

8606). IRC section 530 requires 

information regarding distributions from 

ED IRAs (reported on Part IV of Form 

8606). 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 

2,428,170 hours. 

OMB Number: 1545–1012. 

Type of Review: Extension. 

Title: Salary Reductions Simplified 

Employee Pension-Individual 

Retirement Accounts Contribution 

Agreement. 

Form: 5305A–SEP. 

Description: Form 5305–A SEP is 

used by an employer to make an 

agreement to provide benefits to all 

employees under a salary reduction 

Simplified Employee Pension (SEP) 

described in section 408(k). This form is 

not to be filed with IRS, but is to be 

retained in the employers’ records as 

proof of establishing such a plan, 

thereby justifying a deduction for 

contributions made to SEP. The data is 

used to verify the deduction. 

Respondents: Business or other forprofit. 

Estimated Total Burden Hours: 

972,000 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. 05–19338 Filed 9–27–05; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Notice 2002–69 

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 Notice 

2002–69, Interest Rates and Appropriate 

Foreign Loss Payment Patterns For 

Determining the Qualified Insurance 

Income of Certain Controlled 

Corporations under Section 954(j). 

DATES: Written comments should be 

received on or before November 28, 

2005 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: Interest Rates and Appropriate 

Foreign Loss Payment Patterns For 

Determining the Qualified Insurance 

Income of Certain Controlled 

Corporations under Section 954(j). 

OMB Number: 1545–1799. 

Notice Number: Notice 2002–69. 

Abstract: Notice 2002–69 allows U.S. 

shareholders of a foreign insurance 

company to use the foreign insurance 

company’s historical loss payment 

patterns in computing the company’s 

insurance reserves provided the 

company has a certain number of years 

of data and makes an election to use that 

data. A domestic insurance company 

can elect to use its own historical data 

in computing its reserves provided 

certain requirements are satisfied and an 

election is made. This notice allows a 

foreign insurance company to elect to 

calculate its insurance reserves in a 

manner similar to a domestic insurance 

company. Also, this notice provides 

guidance on how to determine a foreign 

insurance company’s foreign loss 

payment patterns. 

Current Actions: There are no changes 

being made to the notice at this time. 

Type of Review: Extension of 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

300. 

Estimated Time Per Respondent: 1 

hours. 

Estimated Total Annual Burden 

Hours: 300.