Federal Register / Vol. 73, No. 167 / Wednesday, August 27, 2008 / Notices 50667 

Pennsylvania Avenue, NW. Washington, 

DC 20220. 

DATES: Written comments should be 

received on or before September 26, 

2008 to be assured of consideration. 

Office of Foreign Assets Control 

OMB Number: 1505–0168. 

Type of Review: Extension. 

Title: Travel Service Provider and 

Carrier Service Provider Submission 

Description: Submissions will provide 

the U.S. Government with information 

to be used in enforcing various 

economic sanctions programs 

administered by OFAC under 31 CFR 

Chapter V. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Reporting Burden: 

19,000 hours. 

OMB Number: 1505–0202. 

Type of Review: Extension. 

Title: Request for a Specific License to 

Visit an Immediate Family Member. 

Forms: TD-F–90–22.60, TD-F–90–

22.60 (SP). 

Description: Submissions will provide 

the U.S. Government with information 

to be used in enforcing the limitations 

on Cuba travel-related transactions 

incident to visiting immediate family 

members by persons subject to U.S. 

jurisdiction. 

Respondents: Individuals or 

households. 

Estimated Total Reporting Burden: 

5,833 hours. 

Clearance Officer: Office of Foreign 

Assets Control, (202) 622–0596, Office 

of the Chief Counsel, Room 2176 

Treasury Annex, Washington, DC 

20220. 

OMB Reviewer: Alexander T. Hunt, 

(202) 395–7316, Office of Management 

and Budget, Room 10235, New 

Executive Office Building, Washington, 

DC 20503. 

Robert Dahl, 

Treasury PRA Clearance Officer. 

[FR Doc. E8–19808 Filed 8–26–08; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

August 21, 2008. 

The Department of Treasury will 

submit the following public information 

collection requirement(s) to OMB for 

review and clearance under the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 on or after the date 

of publication of this notice. 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, and 1750 

Pennsylvania Avenue, NW., 

Washington, DC 20220. 

Dates: Written comments should be 

received on or before September 26, 

2008 to be assured of consideration. 

Internal Revenue Service (IRS) 

OMB Number: 1545–0001. 

Type of Review: Extension. 

Title: Employer’s Annual Railroad 

Retirement Tax Return. 

Forms: CT–1. 

Description: Railroad employers are 

required to file an annual return to 

report employer and employee Railroad 

Retirement Tax Act (RRTA). Form CT–

1 is used for this purpose. IRS uses the 

information to insure that the employer 

has paid the correct tax. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 46,359 

hours. 

OMB Number: 1545–0058. 

Type of Review: Extension. 

Title: Application for Recognition of 

Exemption Under Section 521 of the 

Internal Revenue Code. 

Form: 1028. 

Description: Farmers’ cooperatives 

must file Form 1028 to apply for 

exemption from Federal income tax as 

being organizations described in IRC 

section 521. The information on Form 

1028 provides the basis for determining 

whether the applicants are exempt. 

Respondents: Businesses and other 

for-profit institutions, farms. 

Estimated Total Burden Hours: 2,545 

hours. 

OMB Number: 1545–1794. 

Type of Review: Extension. 

Title: Compensatory Stock Options 

Under Section 482. 

Description: The information will be 

used to determine whether the 

participants in a qualified cost sharing 

arrangement are sharing stock-based 

compensation costs attributable to the 

intangible development area in 

proportion to reasonably anticipated 

benefits as required by the proposed 

amendment to the cost sharing 

regulations. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 2,000 

hours. 

OMB Number: 1545–1269. 

Type of Review: Extension. 

Title: PS–7–90 (Final) Nuclear 

Decommissioning Fund Qualification 

Requirements. 

Description: If a taxpayer requests, in 

connection with a request for a schedule 

of ruling amounts, a ruling as to the 

classification of certain unincorporated 

organizations, the taxpayer is required 

to submit a copy of the documents 

establishing or governing the 

organization. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 150 

hours. 

OMB Number: 1545–1762. 

Type of Review: Extension. 

Title: Direct Deposit of Corporate Tax 

Refund. 

Form: 8050. 

Description: This form is used to 

request a deposit of a tax refund directly 

into an account at any U.S. bank or 

other financial institution. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 

348,600 hours. 

OMB Number: 1545–1407. 

Type of Review: Extension. 

Title: Consent To Extend the Time To 

Assess the Branch Profits Tax Under 

Regulations Sections 1.884–2(a) and (c). 

Form: 8848. 

Description: Form 8848 is used by 

foreign corporations that have (a) 

completely terminated all of their U.S. 

trade or business within the meaning of 

Temporary Regulations section 1.884–

2T(a) during the tax year or (b) 

transferred their U.S. assets to a 

domestic corporation in a transaction 

described in Code section 381(a), if the 

foreign corporation was engaged in a 

U.S. trade or business at that time. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 22,500 

hours. 

OMB Number: 1545–1922. 

Type of Review: Extension. 

Title: Survey Questionnaire. 

Form: 12884. 

Description: Form 12884 is used to 

collect statistical information regarding 

advertising sources and RNO data. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 2,757 

hours. 

OMB Number: 1545–1776. 

Type of Review: Extension. 

Title: U.S. Income Tax Return for 

Electing Alaska Native Settlement 

Trusts. 

Form: 1041–N. 

Description: An Alaska Native 

Settlement Trust (ANST) may elect 

under section 646 to have the special 

income tax treatment of that section 

apply to the trust and its beneficiaries. 


sroberts on PROD1PC70 with NOTICES
50668 Federal Register / Vol. 73, No. 167 / Wednesday, August 27, 2008 / Notices 

This one-time election is made by filing 

Form 1041–N and the form is used by 

the ANST to report its income, etc., and 

to compute and pay any income tax. 

Form 1041–N is also used for the special 

information reporting requirements that 

apply to ANSTs. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 680 

hours. 

OMB Number: 1545–1767. 

Type of Review: Extension. 

Title: REG–107644–98 (Final) DollarValue LIFO Regulations; Inventory Price 

Index Computation Method. 

Description: The primary reason for 

obtaining this information is to ensure 

compliance by taxpayers electing to use 

both the LIFO inventory method and the 

IPIC method of accounting for their 

dollar-value inventory pools. Most 

respondents will be manufacturers, 

wholesalers, and retailers of tangible 

personal property. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 1 

hour. 

OMB Number: 1545–1768. 

Type of Review: Extension. 

Title: Revenue Procedure 2003–84, 

Optional Election to Make Monthly Sec. 

706 Allocations. 

Description: This revenue procedure 

allows certain partnerships with money 

market fund partners to make an 

optional election to close the 

partnership’s books on a monthly basis 

with respect to the money market fund 

partners. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 500 

hours. 

OMB Number: 1545–1204. 

Type of Review: Revision. 

Title: Low-Income Housing Credit 

Agencies Report of Noncompliance or 

Building Disposition. 

Form: 8823. 

Description: Form 8823 is used by 

housing agencies to report 

noncompliance with the low-income 

housing provisions of Code section 42. 

Respondents: State, local, or tribal 

governments. 

Estimated Total Burden Hours: 

372,200 hours. 

OMB Number: 1545–1783. 

Type of Review: Extension. 

Title: TD 8989 (final) Guidance 

Necessary to Facilitate Electronic Tax 

Administration. 

Description: The regulations provide a 

regulatory statement of IRS authority to 

prescribe what return information or 

documentation must be filed with a 

return, statement or other document 

required to be made under any 

provision of the internal revenue laws 

or regulations. In addition, the 

regulations eliminate regulatory 

impediments to electronic filing of Form 

1040. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 1 

hours. 

OMB Number: 1545–0256. 

Type of Review: Extension. 

Title: Supporting Statement to Correct 

Information (Form 941c); Planilla Para 

La Correccion de Informacion (Form 

941cPR). 

Form: 941C. 

Description: This form is used by 

employers to correct previously 

reported FICA or income tax data. It 

may be used to support a credit or 

adjustment claimed on a current return 

for an error in a prior return period. The 

information is used to reconcile wages 

and taxes previously reported or used to 

support a claim for refund, credit, or 

adjustment of FICA or income tax. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 

9,442,616 hours. 

OMB Number: 1545–1493. 

Type of Review: Extension. 

Title: PS–7–89 (Final) Treatment of 

Gain From the Disposition of Interest in 

Certain Natural Resource Recapture 

Property by S Corporations and Their 

Shareholders. 

Description: The regulation prescribes 

rules under section 1254 relating to the 

treatment by S corporations and their 

shareholders of gain from the 

disposition of natural resource recapture 

property and from the sale or exchange 

of S corporation stock. Shareholders 

that sell or exchange stock may submit 

a statement to rebut presumption of gain 

treatment. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 1,000 

hours. 

OMB Number: 1545–1646. 

Type of Review: Extension. 

Title: REG–209060–86 Final, Return 

Requirement for United States Persons 

who acquire or dispose of an interest in 

a foreign partnership, or whose 

proportional interest in a foreign 

partnership changes. 

Description: Section 6046A requires 

U.S. persons to provide certain 

information with respect to the 

acquisition or disposition of a 10- 

percent change in ownership of a 

foreign partnership. This regulation 

provides reporting rules to identify U.S. 

persons with respect to these interests. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 1 

hour. 

OMB Number: 1545–1920. 

Type of Review: Revision. 

Title: Notice Regarding Repayment of 

a Buyout Prior to Re-employment with 

the Federal Government. 

Form: 1311. 

Description: Form 12311 is used to 

identify former Federal Employees who 

received a buyout within the past 5 

years and are requesting re-employment. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 2,757 

hours. 

OMB Number: 1545–1926. 

Type of Review: Extension. 

Title: Notice 2005–10, Domestic 

Reinvestment Plans and Other Guidance 

under Section 965 (NOT–102132–05). 

Description: This document provides 

guidance under new section 965 

enacted by the American Jobs Creation 

Act of 2004 (Pub. L. 108–357). In 

general, and subject to limitations and 

conditions, section 965 (a) provides that 

a corporation that is a U.S. shareholder 

of a controlled foreign corporation (CFC) 

may elect, for one taxable year, an 85 

percent dividends received deduction 

(DRD) with respect to certain cash 

dividends it receives from its CFC’s. 

Section 965(f) provides that taxpayers 

may elect the application of section 965 

for either the taxpayer’s last taxable year 

which begins before October 22, 2004, 

or the taxpayer’s first taxable year to 

which the taxpayer intends to elect 

section 965 to apply prior to the 

issuance of Form 8895, the election 

must be made on a statement that is 

attached to its timely-filed tax return 

(including extensions) for such taxable 

year. In addition, because the taxpayer 

must establish to the satisfaction of the 

Commissioner that it has satisfied the 

conditions to take the DRD, the taxpayer 

is required under this guidance to report 

specified information and provide 

specified documentation. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

3,750,000 hours. 

OMB Number: 1545–1924. 

Type of Review: Extension. 

Title: Biodiesel Fuels Credit. 

Forms: 8864. 

Description: IRC section 40A provides 

a credit for biodiesel or qualified 

biodiesel mixtures. IRC section 38(b)(17) 

allows a nonrefundable income tax 

credit for businesses that sell or use 

biodiesel. Form 8864 is used to figure 

the credits. 


sroberts on PROD1PC70 with NOTICES
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Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 310 

hours. 

OMB Number: 1545–1759. 

Type of Review: Extension. 

Title: Amended Quarterly Federal 

Excise Tax Return. 

Form: 720X. 

Description: Representatives of the 

motor fuel industry, state governments, 

and the Federal government are working 

to ensure compliance with excise taxes 

on motor fuels. This joint effort has 

resulted in a system to track the 

movement of all product to and from 

terminals. Form 720–TO is an 

information return that will be used by 

terminal operators to report their 

monthly receipts and disbursements of 

products. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 

152,460 hours. 

OMB Number: 1545–1658. 

Type of Review: Extension. 

Title: REG–107069–97 (Final) 

Purchase Price Allocations in Deemed 

Actual Asset Acquisitions. 

Description: Section 338 of the 

Internal Revenue Code provides rules 

under which a qualifying stock 

acquisition is treated as an asset 

acquisition (as ‘‘deemed asset 

acquisition’’) when an appropriate 

election is made. Section 1060 provides 

rules for the allocation of consideration 

when a trade or business is transferred. 

The collection of information is 

necessary to make the election, to 

calculate and collect the appropriate 

amount of tax liability when a 

qualifying stock acquisition is made, to 

determine the person liable for such tax 

and to determine the bases of assets 

acquired in the deemed asset 

acquisition. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 25 

hours. 

OMB Number: 1545–1435. 

Type of Review: Extension. 

Title: TD 8706 (Final) Electronic 

Filing of Form W–4. 

Description: Information is required 

by the Internal Revenue Service to 

verify compliance with section 

31.3402(f)(5)–1, which authorizes 

employers to establish electronic 

systems for use by employees in filing 

their withholding exemption 

certificates. The affected respondents 

are employers that choose to make 

electronic filing of Forms W–4 available 

to their employees. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 40,000 

hours. 

OMB Number: 1545–1649. 

Type of Review: Extension. 

Title: Rev. Proc. 99–21 Disability 

Suspension. 

Description: The information is 

needed to establish a claim that a 

taxpayer was financially disabled for 

purposes of section 6511(h) of the 

Internal Revenue Code (which was 

added by section 3203 of the Internal 

Revenue Service Restructuring and 

Reform Act of 1998). Under section 

6511(h), the statute of limitations on 

claims for credit or refund is suspended 

for any period of an individual 

taxpayer’s life during which the 

taxpayer is unable to manage his or her 

financial affairs because of a medically 

determinable mental or physical 

impairment, if the impairment can be 

expected to result in death, or has lasted 

(or can be expected to last) for a 

continuous period of not less than 12 

months. Section 6511(h)(2)(A) requires 

that proof of the taxpayer’s financial 

disability be furnished to the Internal 

Revenue Service. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 24,100 

hours. 

OMB Number: 1545–1100. 

Type of Review: Extension. 

Title: REG–209106–89 (formerly EE–

84–89)(NPRM) Changes With Respect to 

Prizes and Awards and Employee 

Achievement Awards. 

Form: 8848. 

Description: This regulation requires 

recipients of prizes and awards to 

maintain records to determine whether 

a qualifying designation has been made. 

The affected public are prize and award 

recipients who seek to exclude the cost 

of a qualifying prize or award. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 1,275 

hours. 

OMB Number: 1545–1638. 

Type of Review: Extension. 

Title: Small Business Tax Product 

Order Blank For IRS Designated 

Partners. 

Form: 12196. 

Description: Form 12196 is to be used 

by small business outlets to order IRS 

tax forms and publications. The form 

can be faxed directly to the IRS Area 

Distribution Center for order fulfillment, 

packaging and mailing. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 42 

hours. 

OMB Number: 1545–1773. 

Type of Review: Extension. 

Title: Revenue Procedure 2002–23, 

Taxation of Canadian Retirement Plans 

Under U.S.—Canada Income Tax Treaty. 

Description: This Revenue Procedure 

provides guidance for the application by 

U.S. citizens and residents of the U.S.—

Canada Income Tax Treaty, as amended 

by the 1995 protocol, in order to defer 

U.S. Income taxes on income accrued in 

certain Canadian retirement plans. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 10,000 

hours. 

OMB Number: 1545–0003. 

Type of Review: Extension. 

Title: SS–4, Application for Employer 

Identification Number; SS–4PR, 

Solicitud de Numero de Identificacion 

Patronal (EIN). 

Form: SS–4. 

Description: Taxpayers required to 

have an identification number for use 

on any return, statement, or other 

document must prepare and file Form 

SS–4 of Form SS–4PR (Puerto Rico 

only) to obtain a number. The 

information is used by the IRS and the 

SSA in tax administration and by the 

Bureau of the Census for business 

statistics. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

15,941,913 hours. 

OMB Number: 1545–1486. 

Type of Review: Extension. 

Title: REG–209793–95 (Final) 

Simplification of Entity Classification 

Rules. 

Description: These rules allow certain 

unincorporated business organizations 

to elect to be treated as corporations or 

partnerships for federal tax purposes. 

The information collected on the 

election will be used to verify the 

classification of electing organizations. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 1 

hour. 

OMB Number: 1545–1919. 

Type of Review: Extension. 

Title: Prior Government Service 

Information. 

Form: 12854. 

Description: Form 12854 is used to 

record prior government service, 

annuitant information, and advice on 

probationary periods. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 6,203 

hours. 

OMB Number: 1545–0152. 

Type of Review: Revision. 

Title: Application for Change in 

Accounting Method. 


sroberts on PROD1PC70 with NOTICES
50670 Federal Register / Vol. 73, No. 167 / Wednesday, August 27, 2008 / Notices 

Form: 3115. 

Description: Form 3115 is used by 

taxpayers who wish to change their 

method of computing their taxable 

income. The form is used by the IRS to 

determine if electing taxpayers have met 

the requirements and are able to change 

to the method requested. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 

929,066 hours. 

OMB Number: 1545–0024. 

Type of Review: Revision. 

Title: Claim for Refund and Request 

for Abatement. 

Form: 843. 

Description: IRC section 6402, 6404, 

and sections 301.6404–2, and 301.6404–

3 of the regulations allow for refunds of 

taxes (except income taxes) or refund, 

abatement, or credit of interest, 

penalties, and additions to tax in the 

event of errors or certain action by the 

IRS. Form 843 is used by taxpayers to 

claim these refunds, credits, or 

abatements. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 

850,980 hours. 

OMB Number: 1545–0284. 

Type of Review: Extension. 

Title: Application for Determination 

of Employee Stock Ownership Plan. 

Form: 5309. 

Description: Form 5309 is used in 

conjunction with Form 5300 or Form 

5303 when applying for a determination 

letter as to a deferred compensation 

plan’s qualification status under section 

409 or 4975(e)(7) of the Internal 

Revenue Code. The information is used 

to determine whether the plan qualifies. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 5,300 

hours. 

OMB Number: 1545–1491. 

Type of Review: Extension. 

Title: REG–209798–95 (Final) 

Amortizable Bond Premium. 

Description: The information 

requested is necessary for the Service to 

determine whether a holder of a bond 

has elected to amortize bond premium 

and to determine whether an issuer or 

a holder has changed its method of 

accounting for premium. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 7,500 

hours. 

OMB Number: 1545–1641. 

Type of Review: Extension. 

Title: Rev. Proc. 99–17 Mark to Market 

Election for Commodities Dealers and 

Securities and Commodities Traders. 

Description: The revenue procedure 

prescribes the time and manner for 

dealers in commodities and traders in 

securities or commodities to elect to use 

the mark-to-market method of 

accounting under Sec. 475(e) or (f) of 

the Internal Revenue Code. The 

collections of information in sections 5 

and 6 of this revenue procedure are 

required by the IRS in order to facilitate 

monitoring taxpayers changing 

accounting methods resulting from 

making the elections under Sec. 475(e) 

or (f). 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 500 

hours. 

OMB Number: 1545–1581. 

Type of Review: Extension. 

Title: Continuation Coverage 

Requirements Applicable to Group 

Health Plans—Final (REG–209485–86). 

Description: The statute and the 

regulations require group health plans 

to provide notices to individuals who 

are entitled to elect COBRA 

continuation coverage of their election 

rights. Individuals who wish to obtain 

the benefits provided under the statute 

are required to provide plans notices in 

the cases of divorce from the covered 

employee, a dependent child’s ceasing 

to be a dependent under the terms of the 

plan, and disability. Most plans will 

require that elections of COBRA 

continuation coverage be made in 

writing. In cases where qualified 

beneficiaries are short by an 

insignificant amount in a payment made 

to the plan, the regulations require the 

plan to notify the qualified beneficiary 

if the plan does not wish to treat the 

tendered payment as full payment. If a 

health care provider contacts a plan to 

confirm coverage of a qualified 

beneficiary, the regulations require that 

the plan disclose the qualified 

beneficiary’s complete rights to 

coverage. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

404,640 hours. 

OMB Number: 1545–1643. 

Type of Review: Extension. 

Title: REG–209484–87 (Final) Federal 

Insurance Contributions Act (FICA) 

Taxation of Amounts Under Employee 

Benefit Plans. 

Description: This regulation provides 

guidance as to when amounts deferred 

under or paid from a nonqualified 

deferred compensation plan are taken 

into account as wages for purposes of 

the employment taxes imposed by the 

Federal Insurance Contributions Act 

(FICA). Section 31.3121(v)(2)–1(a)(2) 

requires that the material terms of a plan 

be set forth in writing. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 12,500 

hours. 

OMB Number: 1545–1409. 

Type of Review: Extension. 

Title: Application for Determination 

of Employee Stock Ownership Plan. 

Form: 8842. 

Description: Form 8842 is used by 

corporations (including S corporations), 

tax-exempt organizations subject to the 

unrelated business income tax, and 

private foundations to annually elect the 

use of an annualization period in 

section 6655(e)(2)(c)(i) or (ii) for 

purpose of figuring the corporation’s 

estimated tax payments under the 

annualized income installment method. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 4,335 

hours. 

OMB Number: 1545–1765. 

Type of Review: Extension. 

Title: REG–119436–01 Final (TD 

9171) New Markets Tax Credit. 

Description: The regulations provide 

guidance for taxpayers claiming the new 

markets tax credit under section 45D of 

the Internal Revenue Code. The 

reporting requirements in the 

regulations require a qualified 

community development entity (CDE) to 

provide written notice to: (1) Any 

taxpayer who acquires an equity 

investment in the CDE at its original 

issue that the equity investment is a 

qualified equity investment entitling the 

taxpayer to claim the new markets tax 

credits; and (2) each holder of a 

qualified equity investment, including 

all prior holders of that investment that 

a recapture event has occurred. CDE’s 

must comply with such reporting 

requirements to the Secretary as the 

Secretary may prescribe. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 210 

hours. 

OMB Number: 1545–0216. 

Type of Review: Revision. 

Title: International Boycott Report. 

Form: 5713. 

Description: Form 5713 and related 

Schedules A, B, and C are used by any 

entity that has operations in a 

‘‘boycotting’’ country. If that entity 

cooperates with or participates in an 

international boycott it loses a portion 

of the foreign tax credit, or deferral of 

FSC and IC–DISC benefits. The IRS uses 

Form 5713 to determine if any of the 

above benefits should be lost. The 

information is also used as the basis for 

a report to the Congress. 


sroberts on PROD1PC70 with NOTICES
Federal Register / Vol. 73, No. 167 / Wednesday, August 27, 2008 / Notices 50671 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 69,495 

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. 

Robert Dahl, 

Treasury PRA Clearance Officer. 

[FR Doc. E8–19809 Filed 8–26–08; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

August 20, 2008. 

The Department of Treasury will 

submit the following public information 

collection requirement(s) to OMB for 

review and clearance under the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 on or after the date 

of publication of this notice. 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, and 1750 

Pennsylvania Avenue, NW., 

Washington, DC 20220. 

DATES: Written comments should be 

received on or before September 26, 

2008 to be assured of consideration. 

Internal Revenue Service (IRS) 

OMB Number: 1545–1946. 

Type of Review: Extension (correction 

to notice published July 29, 2008, 73 FR 

43976. Comments on this collection 

should be in before August 29, 2008). 

Title: REG–102144–04 (Final) Dual 

Consolidated Losses. 

Description: Section 1503(d) denies 

the use of the losses of one domestic 

corporation by another affiliated 

domestic corporation where the loss 

corporation is also subject to the income 

tax of a foreign country. This final 

regulation permits the domestic use of 

the loss if the loss has not been used in 

the foreign country provided a domestic 

use agreement is filed with the income 

tax return of the domestic affiliated 

group or domestic owner agreeing to 

recapture the loss into income upon a 

future foreign use of the loss. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 2,740 

hours. 

OMB Number: 1545–1375. 

Type of Review: Extension. 

Title: IA–5–92 (Final) Carryover of 

Passive Activity Losses and Credits and 

At Risk Losses to Bankruptcy Estates of 

Individuals. 

Description: These regulations 

provide for a joint election to have the 

regulations apply to certain bankruptcy 

cases. In a chapter 7 case, the written 

consent of the trustee must be obtained. 

In chapter 11 case, the election must be 

in the reorganization plan or in a court 

order. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 100 

hours. 

OMB Number: 1545–0922. 

Type of Review: Extension. 

Title: Form 8329, Lender’s 

Information Return for Mortgage Credit 

Certificates (MCCs); Form 8330, Issuer’s 

Quarterly Information Return for 

Mortgage Credit Certificates (MCCs). 

Forms: 8329, 8330. 

Description: Form 8329 is used by 

lending institutions and Form 8330 is 

used by state and local governments to 

report on mortgage credit certificates 

(MCCs) authorized under IRC Section 

25. IRS matches the information 

supplied by lenders and issuers to 

ensure that the credit is computed 

properly. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 73,720 

hours. 

OMB Number: 1545–1655. 

Type of Review: Extension. 

Title: REG–121946–98 (Final) Private 

Foundation Disclosure Rules. 

Description: The collections of 

information in section 301.6104(d)-1, 

301.6104 (d)-2 and 301.6104(d)-3 are 

necessary so that private foundations 

can make copies of their applications for 

tax-exemption and annual information 

returns available to the public. 

Respondents: Not-for-profit 

institutions. 

Estimated Total Burden Hours: 32,596 

hours. 

OMB Number: 1545–1633. 

Type of Review: Extension. 

Title: REG–209121–89 (Final) Certain 

Asset Transfers to a Tax-Exempt Entity. 

Description: The written 

representation requested from a taxexempt entity in regulations section 

1.337(d)-4(b)(1)(A) concerns its plans to 

use assets received from a taxable 

corporation in a taxable unrelated trade 

or business. The taxable corporation is 

not taxable on gain if the assets are used 

in a taxable unrelated trade or business. 

Respondents: Not-for-profit 

institutions. 

Estimated Total Burden Hours: 125 

hours. 

OMB Number: 1545–1485. 

Type of Review: Extension. 

Title: PS–4–96 (Final) Sale of 

Residence From Qualified Personal 

Residence Trust. 

Description: Internal Revenue Code 

section 2702(a)(3) provides special 

favorable valuation rules for valuing the 

gift of a personal residence trust. 

Regulation section 25.2702–5(a)(2) 

provides that if the trust fails to comply 

with the requirements contained in the 

regulations, the trust will be treated as 

complying if a statement is attached to 

the gift tax return reporting the gift 

stating that a proceeding has been 

commenced to reform the instrument to 

comply with the requirements of the 

regulations. 

Respondents: Individuals or 

Households. 

Estimated Total Burden Hours: 625 

hours. 

OMB Number: 1545–0723. 

Type of Review: Extension. 

Title: LR–115–72 (Final) 

Manufacturers Excise Taxes and 

Sporting Goods and Firearms and Other 

Administrative Provisions of Special 

Application to Manufacturers and 

Retailers Excise Taxes. 

Description: Chapters 31 & 32 of the 

Internal Revenue Code impose excise 

taxes on the sale or use of certain 

articles. Section 6416 allows a credit or 

refund of the tax to manufacturers in 

certain cases. Sections 6420, 6421, and 

6427 allow credits or refunds of the tax 

to certain users of the articles. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 

475,000 hours. 

OMB Number: 1545–1496. 

Type of Review: Extension. 

Title: REG–209673–93 Mark to Market 

for Dealers in Securities(TD 8700 

(final)). 

Description: Under section 

1.475(b)–4, the information required to 

be recorded is required by the IRS to 

determine whether exemption from 

mark-to-market treatment is properly 

claimed, and will be used to make that 

determination upon audit of taxpayer’s 

books and records. Also, under section 

1.475(c)–1(a)(3)(iii), the information is 

necessary for the Service to determine 

whether a consolidated group has 

elected to disregard inter-member 

transactions in determining a member’s 

status as a dealer in securities. 


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