Federal Register / Vol. 73, No. 192 / Thursday, October 2, 2008 / Notices 57407 

Documentation 

The vessel chosen to receive the MSP 

Operating Agreement, if a foreign-flag 

vessel, must be documented as a U.S.- 

flag vessel under 46 U.S.C. chapter 121 

prior to being eligible for MSP 

payments. Further, proof of U.S. Coast 

Guard vessel documentation and all 

relevant charter and management 

agreements for the chosen vessel must 

be approved by the Maritime 

Administration before the vessel is 

eligible to receive MSP payments. 

Vessel Operation 

The vessel chosen to receive the MSP 

Operating Agreement must be operated 

exclusively in the U.S.-foreign trade or 

in mixed foreign and domestic trade 

allowed under a registry endorsement 

issued under 46 U.S.C. 12105, except for 

tankers, which may be operated in 

foreign-to-foreign commerce, and shall 

not otherwise be operated in the 

coastwise trade of the United States. 

Obligation of the U.S. Government 

The amounts payable as MSP 

payments under an MSP Operating 

Agreement shall constitute a contractual 

obligation of the United States 

Government to the extent of available 

appropriations. 

Merchant Marine Academy Cadets 

The MSP Operator shall agree to carry 

two Merchant Marine Academy cadets, 

if available, on each voyage. 

Approval 

The Secretary in conjunction with the 

SecDef may approve applications to 

enter into an MSP Operating Agreement 

and make MSP Payments with respect 

to vessels that are determined by the 

Secretary to be the most commercially 

viable and those that are deemed by the 

SecDef to be most militarily useful for 

meeting the sealift needs of the United 

States in time of war or national 

emergencies. 

By Order of the Maritime Administrator. 

Dated: September 26, 2008. 

Murray A. Bloom, 

Acting Secretary, Maritime Administration. 

[FR Doc. E8–23189 Filed 10–1–08; 8:45 am] 

BILLING CODE 4910–81–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

September 22, 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 November 3, 2008 

to be assured of consideration. 

Internal Revenue Service (IRS) 

OMB Number: 1545–2099. 

Type of Review: Extension. 

Title: Excise Tax on Certain Transfers 

of Qualifying Geothermal or Mineral 

Interests. 

Forms: 8924. 

Description: Form 8924, Excise Tax 

on Certain Transfers of Qualifying 

Geothermal or Mineral Interests, is 

required by Section 403 of the Tax 

Relief and Health Care Act of 2006 

which imposes an excise tax on certain 

transfers of qualifying mineral or 

geothermal interests. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 555 

hours. 

OMB Number: 1545–1073. 

Type of Review: Extension. 

Title: Credit for Prior Year Minimum 

Tax—Individuals, Estates and Trusts. 

Forms: 8801. 

Description: Form 8801 is used by 

individuals, estates, and trusts to 

compute the minimum tax credit, if any, 

available from a tax year beginning after 

1986 to be used in the current year or 

to be carried forward for use in a future 

year. 

Respondents: Individuals or 

Households. 

Estimated Total Burden Hours: 89,107 

hours. 

OMB Number: 1545–1498. 

Type of Review: Extension. 

Title: REG–209826–96 (NPRM) 

Application of the Grantor Trust Rules 

to Nonexempt Employees’ Trusts. 

Description: The regulations provide 

rules for the application of the grantor 

trust rules to certain nonexempt 

employees’ trusts. Taxpayers must 

indicate on a return that they are relying 

on a special rule to reduce the 

overfunded amount of the trust. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 1,000 

hours. 

OMB Number: 1545–0090. 

Type of Review: Revision. 

Title: Form 1040–SS, U.S. SelfEmployment Tax Return; Form 1040– 

PR, Planilla Para La Declaracion De La 

Contribucion Federal Sobre El Trabajo 

Por Cuenta Propia—Puerto Rico; and 

Anejo H–PR. 

Forms: 1040–SS, 1040–PR, Anexo H– 

PR. 

Description: Form 1040–S (Virgin 

Islands, Guam, American Samoa, and 

the Northern Mariana Islands) and 

1040–PR (Puerto Rico) are used by selfemployed individuals to figure and 

report self-employment tax under IRC 

chapter 2 of Subtitle A, and provide 

credit to the taxpayer’s social security 

account. Anejo H–PR is used to 

compute household employment taxes. 

Form 1040–SS and Form 1040–PR are 

also used by bona-fide residents of 

Puerto Rico to claim the additional 

child tax credit. 

Respondents: Individuals or 

Households. 

Estimated Total Burden Hours: 

2,880,460 hours. 

OMB Number: 1545–1796. 

Type of Review: Extension. 

Title: REG–106879–00 (Final) 

Consolidated Loss Recapture Events. 

Description: This document contains 

final regulations under section 1503(d) 

regarding the events that require the 

recapture of dual consolidated losses. 

These regulations are issued to facilitate 

compliance by taxpayers with the dual 

consolidated loss provisions. The 

regulations generally provide that 

certain events will not trigger recapture 

of a dual consolidated loss or payment 

of the associated interest charge. The 

regulations provide for the filing of 

certain agreements in such cases. This 

document also makes clarifying and 

conforming changes to the current 

regulations. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 60 

hours. 

OMB Number: 1545–1935. 

Type of Review: Extension. 

Title: Notice 2005–40, election to 

defer net experience loss in a 

multiemployer plan. 

Description: This notice describes the 

election that must be filed by an eligible 

multiemployer plan’s enrolled actuary 

to the Service in order to defer a net 

experience loss. The notice also 

describes the notification that must be 

given to plan participants and 

beneficiaries, to labor organizations, to 

contributing employers and to the 

Pension Benefit Guaranty Corporation 

within 30 days of making an election 

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57408 Federal Register / Vol. 73, No. 192 / Thursday, October 2, 2008 / Notices 

with the Service and the certification 

that must be filed if a restricted 

amendment is adopted. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 960 

hours. 

OMB Number: 1545–0714. 

Type of Review: Extension. 

Title: Employers Annual Information 

Return of Tip Income and Allocated 

Tips (Form 8027); Transmittal of 

Employer’s Annual Information Return 

of Tip Income and Allocated Tips (Form 

8027–T). 

Forms: 8027, 8027–T. 

Description: To help IRS in its 

examination of returns filed by tipped 

employees large food or beverage 

establishments are required to report 

annually information concerning food 

or beverage operations receipts, tips, 

reported by employees, and in certain 

cases, the employer must allocate tips to 

certain employees. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

488,161 hours. 

OMB Number: 1545–1675. 

Type of Review: Extension. 

Title: REG–122450–98 (Final) Real 

Estate Mortgage Investment Conduits; 

REG–100276–97; REG–122450–98 

(NPRM) Financial Asset Securitization 

Investment Trusts; Real Estate Mortgage 

Investment (TD 9004). 

Description: REG–122450–98 Sections 

1.860E–1(c)(4)–(10) of the Treasury 

Regulations provide circumstances 

under which a transferor of a 

noneconomic residual interest in a Real 

Estate Mortgage Investment Conduit 

(REMIC) meeting the investigation, and 

two representation requirements may 

avail itself of the safe harbor by 

satisfying either the formula test or asset 

test. REG–100276–97; REG–122450–98 

This regulation provides start-up and 

transitional rules applicable to financial 

asset securitization investment trust. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 1,220 

hours. 

OMB Number: 1545–0619. 

Type of Review: Extension. 

Title: Credit for Increasing Research 

Activities. 

Forms: 6765. 

Description: IRC section 38 allows a 

credit against income tax (determined 

under IRC section 41) for an increase in 

research activities in a trade or business. 

Form 6765 is used by businesses 

individuals engaged in a trade or 

business to figure and report the credit. 

The data is used to verify that the credit 

claimed is correct. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

338,227 hours. 

OMB Number: 1545–1218. 

Type of Review: Extension. 

Title: CO–25–96 (TD 8824—Final) 

Regulations Under Section 1502 of the 

Internal Revenue Code of 1986; 

Limitations on Net Operating Loss 

Carryforwards and Certain Built-in 

Losses and Credits Following. 

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: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 662 

hours. 

OMB Number: 1545–1518. 

Type of Review: Extension. 

Title: HSA, Archer MSA, or Medicare 

Advantage MSA Information. 

Forms: 5498–SA. 

Description: Section 220(h) requires 

trustees to report to the IRS and medical 

savings accountholders contributions to 

and the year-end fair market value of 

any contributions made to a medical 

savings account (MSA). Congress 

requires Treasury to report to them the 

total contributions made to an MSA for 

the current tax year. Section 1201 of the 

Medicare prescription Drug, 

Improvement, and Modernization Act of 

2003 (P.L. 108–173) created new Code 

section 223. Section 223(h) requires the 

reporting of contributions to and the 

year-end fair market value of health 

savings accounts for tax years beginning 

after December 31, 2003. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 6,988 

hours. 

OMB Number: 1545–1424. 

Type of Review: Revision. 

Title: Cancellation of Debt. 

Forms: 1099–C. 

Description: Form 1099–C is used for 

reporting canceled debt, as required by 

section 6050P of the Internal Revenue 

Code. It is used to verify that debtors are 

correctly reporting their income. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

102,939 hours. 

OMB Number: 1545–1492. 

Type of Review: Extension. 

Title: Request for Closing Agreement 

Relating to Advance Refunding Issue 

Under Sections 148 and 7121 and 

Revenue Procedure 96–41. 

Forms: 10001. 

Description: Form 10001 is used in 

conjunction with a closing agreement 

program involving certain issuers of taxexempt advance refunding bonds. 

Revenue Procedure 96–41 established 

this voluntary compliance program and 

prescribed the filing of Form 10001 to 

request a closing agreement. 

Respondents: State, local, and Tribal 

Governments. 

Estimated Total Burden Hours: 300 

hours. 

OMB Number: 1545–0184. 

Type of Review: Extension. 

Title: Sales of Business Property. 

Forms: 4797. 

Description: Form 4797 is used by 

taxpayers to report sales, exchanges, or 

involuntary conversion of assets, other 

than capital assets, and involuntary 

conversion of capital assets held more 

than one year. It is also used to compute 

ordinary income from recapture and the 

recapture of prior year section 1231 

losses. 

Respondents: Individuals or 

Households. 

Estimated Total Burden Hours: 

100,633,248 hours. 

OMB Number: 1545–0120. 

Type of Review: Extension. 

Title: Certain Government Payments. 

Forms: 1099–G. 

Description: Form 1099–G is used by 

governments (primarily state and local) 

to report to the IRS (and notify 

recipients of) certain payments (e.g., 

unemployment compensation and 

income tax refunds). IRS uses the 

information to insure that the income is 

being properly reported by the 

recipients on their returns. 

Respondents: Federal Government. 

Estimated Total Burden Hours: 

12,200,000 hours. 

OMB Number: 1545–1091. 

Type of Review: Extension. 

Title: Corporate Passive Activity Loss 

and Credit Limitations. 

Forms: 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 met 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: Businesses or other forprofit institutions. 

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Federal Register / Vol. 73, No. 192 / Thursday, October 2, 2008 / Notices 57409 

Estimated Total Burden Hours: 

3,749,000 hours. 

OMB Number: 1545–1012. 

Type of Review: Extension. 

Title: Salary Reduction Simplified 

Employee Pension-Individual 

Retirement Accounts Contribution 

Agreement. 

Forms: 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 employer’s records as 

proof of establishing such a plan, 

thereby justifying a deduction for 

contributions made to the SEP. The data 

is used to verify the deduction. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

972,000 hours. 

OMB Number: 1545–0928. 

Type of Review: Extension. 

Title: REG–124667–02 (Final) 

Disclosure of Relative Values of 

Optional Forms of Benefit; EE–35–85 

(Final) Income Tax: Taxable Years 

Beginning After December 31, 1953; 

OMB Control Number Under The. 

Description: These final regulations 

are required by statute and must be 

provided by employers to retirement 

plan participants to inform participants 

of their rights under the plan or under 

the law. Failure to timely notify 

participant of their rights may result in 

loss of plan benefits. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

385,000 hours. 

OMB Number: 1545–0967. 

Type of Review: Extension. 

Title: U.S. Estate or Trust Income Tax 

Declaration and Signature for Electronic 

and Magnetic Media Filing. 

Forms: 8879–F, 8453–F. 

Description: This form is used to 

secure taxpayer signatures and 

declarations in conjunction with 

electronic and magnetic media filing of 

trust and fiduciary income tax returns. 

This form, together with the electronic 

and magnetic media transmission, will 

comprise the taxpayer’s income tax 

return (Form 1041). 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 1,750 

hours. 

OMB Number: 1545–0238. 

Type of Review: Extension. 

Title: Certain Gambling Winnings. 

Forms: W–2G. 

Description: IRC section 6041 requires 

payers of certain gambling winnings to 

report them to IRS. If applicable, section 

3402(g) and section 3406 require tax 

withholding on these winnings. We use 

the information to ensure taxpayer 

income reporting compliance. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

1,272,479 hours. 

OMB Number: 1545–1008. 

Type of Review: Extension. 

Title: Passive Activity Loss 

Limitations. 

Forms: 8582. 

Description: Under Internal Revenue 

Code section 469, losses from passive 

activities, to the extent that they exceed 

income from passive activities, cannot 

be deducted against nonpassive income. 

Form 8582 is used to figure the passive 

activity loss allowed and the loss to be 

reported on the tax return. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 

11,373,963 hours. 

OMB Number: 1545–1150. 

Type of Review: Revision. 

Title: Short Form Return of 

Organization Exempt From Income Tax. 

Forms: 990–EZ, Schedule A (Form 

990 or 990–EZ), Schedule B (Form 990, 

990–EZ or 990–PF), Schedule C (Form 

990 or 990–EZ), Schedule E (Form 990 

or 990–EZ), Schedule G (Form 990 or 

990–EZ), Schedule L (Form 990 or 990– 

EZ), Schedule N (Form 990 or 990–EZ). 

Description: Form 990–EZ is needed 

to determine that IRS section 501(a) taxexempt organizations fulfill the 

operating conditions within the 

limitations of their tax exemption. IRS 

uses the information from this form to 

determine if the filers are operating 

within the rules of their exemption. 

Respondents: Not-for-profit 

institutions. 

Estimated Total Burden Hours: 

43,656,636 hours. 

OMB Number: 1545–1257. 

Type of Review: Extension. 

Title: Credit for Prior Year Minimum 

Tax—Corporations. 

Forms: 8827. 

Description: Section 53(d), as revised, 

allows corporations a minimum tax 

credit based on the full amount of 

alternative minimum tax incurred in tax 

years beginning after 1989, or a 

carryforward for use in a future year. 

Respondents: Businesses or other forprofit institutions. 

Estimated Total Burden Hours: 25,000 

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. E8–23179 Filed 10–1–08; 8:45 am] 

BILLING CODE 4830–01–P 

UNITED STATES INSTITUTE OF 

PEACE 

Notice of Meeting 

Agency: United States Institute of 

Peace. 

Date/Time: Thursday, October 16, 

2008, 9:30 a.m.–3:30 p.m. 

Location: 1200 17th Street, NW., Suite 

200, Washington, DC 20036–3011. 

Status: Open Session—Portions may 

be closed pursuant to Subsection (c) of 

Section 552(b) of Title 5, United States 

Code, as provided in subsection 

1706(h)(3) of the United States Institute 

of Peace Act, Public Law 98–525. 

Agenda: October 16, 2008 Board 

Meeting; Approval of Minutes of the 

One Hundred Thirtieth Meeting (June 6, 

2008) of the Board of Directors; 

Chairman’s Report; Presidents Report; 

Election of Officers; Selection of 

National Peace Essay contest topics; 

Fellow’s Report; Other General Issues. 

Contact: Tessie F. Higgs, Executive 

Office, Telephone: (202) 429–3836. 

Dated: September 26, 2008. 

Michael Graham, 

Acting Executive Vice President, United 

States Institute of Peace. 

[FR Doc. E8–23164 Filed 10–1–08; 8:45 am] 

BILLING CODE 6820–AR–M 

DEPARTMENT OF VETERANS 

AFFAIRS 

Veterans’ Advisory Committee on 

Rehabilitation (VACOR); Notice of 

Meeting 

The Department of Veterans Affairs 

(VA) gives notice under Public Law 92– 

463 (Federal Advisory Committee Act) 

that a meeting of the Veterans’ Advisory 

Committee on Rehabilitation will be 

held on October 15–16, 2008, at the 

Paralyzed Veterans of American 

Building, 801 18th Street, NW., 

Washington, DC. The meeting sessions 

will be held from 8 a.m. to 4 p.m. on 

October 15 and from 8 a.m. to 2 p.m. on 

October 16. The meeting is open to the 

public. 

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