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. 


sroberts on PROD1PC70 with NOTICES
50672 Federal Register / Vol. 73, No. 167 / Wednesday, August 27, 2008 / Notices 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 2,950 

hours. 

OMB Number: 1545–1910. 

Type of Review: Extension. 

Title: Information Return of U.S. 

Persons With Respect to Foreign 

Disregarded Entities (Form 8858); and 

Transactions Between Foreign 

Disregarded Entity of a Foreign Tax 

Owner and the Filer. 

Form: 8858. 

Description: Form 8858 and Schedule 

M (Form 8858) are used by certain U.S. 

persons that own a foreign disregarded 

entity (FDE) directly or, in certain 

circumstances, indirectly or 

constructively. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

1,832,500 hours. 

OMB Number: 1545–1792. 

Type of Review: Extension. 

Title: REG–164754–01 (FINAL) SplitDollar Life Insurance Arrangements. 

Description: The proposed regulations 

provide guidance for loans made 

pursuant to a split-dollar life insurance 

arrangement. To obtain a particular 

treatment under the regulations for 

certain split-dollar loans, the parties to 

the loan must make a written 

representation, which must be kept as 

part of their books and records and a 

copy filed with their federal income tax 

returns. In addition, if a split-dollar loan 

provides for contingent payments, the 

lender must produce a projected 

payment schedule for the loan and give 

the borrower a copy of the schedule. 

This schedule is used by parties to 

compute their interest accruals and any 

imputed transfers for tax purposes. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 32,500 

hours. 

OMB Number: 1545–1139. 

Type of Review: Extension. 

Title: PS–264–82 (Final) Adjustments 

to Basis of Stock and Indebtedness to 

Shareholders of S Corporations and 

Treatment of Distributions by S 

Corporations to Shareholders; REG–

144859–04—Section 1367. 

Description: The regulations provide 

the procedures and the statements to be 

filed by S corporations for making the 

election provided under section 1368, 

and by shareholders who choose to 

reorder items that decrease their basis. 

Statements required to be filled will be 

used to verify that taxpayers are 

complying with the requirements 

imposed by Congress. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 450 

hours. 

OMB Number: 1545–1381. 

Type of Review: Extension. 

Title: CO–49–88 (Final) Limitations 

on Corporate Net Operating Loss. 

Description: This regulation provides 

rules for the allocation of a loss 

corporation’s taxable income or net 

operating loss between the periods 

before and after an ownership change 

under section 382 of the Code, 

including an election to make the 

allocation based on a closing of the 

books as of the change date. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 200 

hours. 

OMB Number: 1545–1763. 

Type of Review: Revision. 

Title: Direct Deposit of Refund of $1 

Million or more. 

Form: 8302. 

Description: This form is used to 

request a deposit of a tax refund of $1 

million or more directly into an account 

at any U.S. bank or other financial 

institution. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 1,088 

hours. 

OMB Number: 1545–0879. 

Type of Review: Extension. 

Title: IA–195–78 (Final) Certain 

Returned Magazines, Paperbacks or 

Records 

Description: The regulations provide 

rules relating to an exclusion from gross 

income for certain returned 

merchandise. The regulations provide 

that in addition to physical return of the 

merchandise, a written statement listing 

certain information may constitute 

evidence of the return. Taxpayers who 

receive physical evidence of the return 

may, in lieu of retaining physical 

evidence, retain documentary evidence 

of the return. Taxpayers in the trade or 

business of selling magazines, 

paperbacks, or records, who elect to use 

a certain method of accounting, are 

affected. 

Respondents: Businesses and other 

for-profit institutions. 

Estimated Total Burden Hours: 8,125 

hours. 

OMB Number: 1545–1921. 

Type of Review: Extension. 

Title: Continuation Sheet for Item #16 

(Additional Information) OF–306, 

Declaration for Federal Employment. 

Form: 12114. 

Description: Form 12114 is used as a 

continuation to the OF–306 to provide 

additional space for capturing 

additional information. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 6,203 

hours. 

OMB Number: 1545–0094. 

Type of Review: Revision. 

Title: U.S. Information Return-Trust 

Accumulation of Charitable Amounts. 

Form: 1041–A. 

Description: Form 1041–A is used to 

report the information required in 26 

U.S.C. 6034 concerning accumulation 

and distribution of charitable amounts. 

The data is used to verify that amounts 

for which a charitable deduction was 

allowed are used for charitable 

purposes. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

4,396,854 hours. 

OMB Number: 1545–1918. 

Type of Review: Extension. 

Title: Supplement to OF–612, 

Optional Application for Federal 

Employment. 

Form: 12885. 

Description: Form 12885 is used as a 

supplement to the OF–612 to provide 

additional space for capturing work 

history. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 12,406 

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. E8–19815 Filed 8–26–08; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

[OMB Control No. 2900–0061] 

Proposed Information Collection 

(Request for Supplies (Chapter 31–

Vocational Rehabilitation)); Comment 

Request 

AGENCY: Veterans Benefits 

Administration, Department of Veterans 

Affairs. 

ACTION: Notice. 

SUMMARY: The Veterans Benefits 

Administration (VBA), Department of 


sroberts on PROD1PC70 with NOTICES