[Federal Register Volume 73, Number 187 (Thursday, September 25, 2008)]
[Notices]
[Pages 55595-55597]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-22482]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

September 18, 2008.
    The Department of the 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, 1750 
Pennsylvania Avenue, NW., Washington, DC 20220.
    Dates: Written comments should be received on or before October 27, 
2008 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1779.
    Type of Review: Extension.
    Title: Notice 2002-27--IRA Required Minimum Distribution Reporting.
    Forms: n/a.
    Description: This notice provides guidance with respect to the 
reporting requirements, that is, data that custodians and trustees of 
IRAs must furnish IRA owners in those instances where there must be a 
minimum distribution from an individual retirement arrangement.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 1,170,000 hours.

    OMB Number: 1545-1772.
    Type of Review: Extension.
    Title: User Fee for Employee Plan Determination Letter Request.
    Form: 8717.
    Description: The Omnibus Reconciliation Act of 1990 requires 
payment of a ``user fee'' with each application for a determination 
letter. Because of this requirement, the Form 8717 was created to 
provide filers the means to make payment and indicate the type of 
request.
    Respondents: Businesses and other for-profit institutions, farms.
    Estimated Total Burden Hours: 438,000 hours.

    OMB Number: 1545-0177.
    Type of Review: Extension.
    Title: Casualties and Thefts.
    Form: 4684.
    Description: Form 4684 is used by taxpayers to compute their gain 
or loss from casualties or thefts, and to summarize such gains and 
losses. The data is used to verify that the correct gain or loss has 
been computed.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 466,932 hours.

    OMB Number: 1545-1385.
    Type of Review: Extension.
    Title: GL-238-88 (Final) Preparer Penalties--Manual Signature 
Requirement.
    Description: The reporting requirements affect returns preparers of 
fiduciary returns. They will be required to submit a list of the names 
and identifying numbers of all fiduciary returns which are being filed 
with a facsimile signature of the returns preparer.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Burden Hours: 25,825 hours.

    OMB Number: 1545-1930.
    Type of Review: Extension.
    Title: REG-159243-03 (Final) Residence and Source Rules Involving 
U.S. Possessions and Other Conforming Changes.
    Description: The regulations provide rules for determining whether 
an individual is a bona fide resident of a U.S. possession and whether 
income is derived from sources in a possession or effectively connected 
with the conduct of a trade or business in a possession.
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 300,000 hours.

    OMB Number: 1545-1031.
    Type of Review: Revision.
    Title: Internet Computation Under the Look-Back Method for 
Completed Long-Term Contracts.
    Form: 8697.
    Description: Taxpayers required to account for all or part of any 
long-term contract entered into after February 28, 1986, under the 
percentage of

[[Page 55596]]

completion method must use Form 8697 to compute and report interest due 
or to be refunded under IRC section 460(b)(3). The IRS uses Form 8697 
to determine if the interest has been figured correctly. Taxpayers may 
compute interest using the actual method (Part I) or the Simplified 
Marginal Impact Method (Part II).
    Respondents: Businesses and other for-profit institutions.
    Estimated Total Burden Hours: 40,557 hours.

    OMB Number: 1545-0014.
    Type of Review: Revision.
    Title: Application for Registration For Certain Excise Tax 
Activities.
    Form: 637.
    Description: Form 637 is used to apply for excise tax registration. 
The registration applies to a person required to be registered under 
IRC section 4101 for purposes of the federal excise tax on taxable fuel 
imposed by IRC 4041 and 4081; and to certain manufacturers or sellers 
and purchasers that must register under IRC 4222 to be exempt from the 
excise tax on taxable articles. The data is used to determine if the 
applicant qualifies for exemption. Taxable fuel producers are required 
by IRC 4101 to register with the Service before incurring any tax 
liability.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 27,020 hours.

    OMB Number: 1545-1795.
    Type of Review: Extension.
    Title: REG-165868-01 (Final) Ten or More Employer Plan Compliance 
Information.
    Description: Allows the Internal Revenue Service and participating 
employers to verify that a ten-or-more employer welfare benefit plan 
complies with the requirements of section 419A(f)(6) of the Internal 
Revenue Code. Respondents are administrators of ten-or more employer 
plans.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 2,500 hours.

    OMB Number: 1545-1648.
    Type of Review: Extension.
    Title: Low-Income Taxpayer Clinics--2005 Grant Application Package 
and Guidelines.
    Form: 3319.
    Description: Publication 3319 outlines requirements of the IRS Low-
Income Taxpayer Clinics (LITC) program and provides instructions on how 
to apply for a LITC grant award.
    Respondents: Not-for-profit institutions.
    Estimated Total Burden Hours: 6,000 hours.

    OMB Number: 1545-0235.
    Type of Review: Extension.
    Title: Monthly Tax Return for Wagers.
    Form: 730.
    Description: Form 730 is used to identify taxable wagers and 
collect the tax monthly. The information is used to determine if 
persons accepting wagers are correctly reporting the amount of wagers 
and paying the required tax.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 384,291 hours.

    OMB Number: 1545-0110.
    Type of Review: Extension.
    Title: Dividends and Distributions.
    Form: 1099-DIV.
    Description: The form is used by the Service to insure that 
dividends are properly reported as required by Code section 6042 and 
that liquidation distributions are correctly reported as required by 
Code section 6043, and to determine whether payees are correctly 
reporting their income.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 34,695,867 hours.

    OMB Number: 1545-1940.
    Type of Review: Extension.
    Title: RP-2005-26 Revenue Procedure Regarding Extended Period of 
Limitations for Listed Transaction Situations.
    Description: This revenue procedure provides procedures that 
taxpayers and material advisors may use to disclose a listed 
transaction that the taxpayer previously failed to disclose.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 430 hours.

    OMB Number: 1545-1786.
    Type of Review: Extension.
    Title: Rev. Procs. 2002-39, 2006-45 (Previous 2002-37), and 2006-46 
(Previous 2002-38) Changes in Periods of Accounting.
    Description: The collection of information in these three (3) 
revenue procedures is necessary for the Commissioner to determine 
whether a taxpayer may properly obtain approval to adopt, change, or 
retain an annual accounting period.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 700 hours.

    OMB Number: 1545-1939.
    Type of Review: Extension.
    Title: Notice 2005-32 Notification requirement for transfer of 
partnership interest in Electing Investment partnership (EIP).
    Description: If a partnership interest in an EIP is transferred in 
a sale or exchange or upon the death of a partner, the transferor must 
notify the transferee and the EIP in writing.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 552,100 hours.

    OMB Number: 1545-1784.
    Type of Review: Extension.
    Title: Rev. Proc. 2002-32 Waiver of 60-month Bar on Reconsolidation 
after Disaffiliation; Rev. Proc. 2006-21--Modifications to Rev. Proc. 
2002-32.
    Description: Pursuant to Sec. 1504(a)(3)(B) of the Internal Revenue 
Code, this procedure grants certain taxpayers a waiver of the general 
rule of Sec. 1504(a)(3)(A) barring a corporation from filing a 
consolidated return with a group of which it had ceased to be a member 
for 60 months following the year of disaffiliation.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 100 hours.

    OMB Number: 1545-0049.
    Type of Review: Extension.
    Title: Form 990-BL, Information and Initial Excise Tax Return for 
Black Lung Benefit Trusts and Certain Related Persons, and Form 6069, 
Return of Excise Tax on Excess Contributions to Black Lung Disease
    Forms: 6069, 990-BL and Schedule A.
    Description: IRS uses Form 990-BL to monitor activities of black 
lung benefit trusts, and to collect excise taxes on these trusts and 
certain related persons if they engage in proscribed activities. The 
tax is figured on Schedule A and attached to Form 990-BL. Form 6069 is 
used by coal mine operators to figure the maximum deduction to a black 
lung benefit trust. If excess contributions are made, IRS uses the form 
to figure and collect the tax on excess contributions.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 563 hours.

    OMB Number: 1545-1126.
    Type of Review: Extension.
    Title: INTL-121-90, INTL-292-90, and INTL-361-89, (Final) Treaty-
Based Return Positions.
    Description: Regulation section 301.6114-1 sets forth the reporting 
requirement under Sec. 6114. Persons or entities subject to this 
reporting requirement must make the required disclosure on a statement 
attached to their return, in the manner set forth, or be subject to a 
penalty. Regulation section 301.7701(b)-7(a)(4)(iv)(C) sets forth the 
reporting requirement for dual

[[Page 55597]]

resident S corporation shareholders who claim treaty benefits as 
nonresidents of the United States.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 6,015 hours.

    OMB Number: 1545-0795.
    Type of Review: Extension.
    Title: Exemption From Withholding on Compensation for Independent 
(and Certain Dependent) Personal Services of a Nonresident Alien 
Individual.
    Form: 8233.
    Description: Compensation paid to a nonresident alien (NRA) 
individual for independent personal services (self-employment) is 
generally subject to 30% withholding or graduated rates. However, 
compensation may be exempt from withholding because of a U.S. tax 
treaty or personal exemption amount. Form 8233 is used to request 
exemption from withholding.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 1,320,000 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.

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E8-22482 Filed 9-24-08; 8:45 am]
BILLING CODE 4830-01-P