Federal Register / Vol. 75, No. 187 / Tuesday, September 28, 2010 / Notices 59797 

Form: 1120–C. 

Abstract: IRS Code section 1381 

requires subchapter T cooperatives to 

file returns. Previously, farmers’ 

cooperatives filed Form 990–C and 

other subchapter T cooperatives filed 

Form 1120. If the subchapter T 

cooperative does not meet certain 

requirements, the due date of their 

return is two and one-half months after 

the end of their tax year which is the 

same as the due date for all other 

corporations. The due date for income 

tax returns filed by subchapter T 

cooperatives who meet certain 

requirements is eight and one-half 

months after the end of their tax year. 

Cooperatives who filed their income tax 

returns on Form 1120 were considered 

to be late and penalties were assessed 

since they had not filed by the normal 

due date for Form 1120. Due to the 

assessment of the penalties, burden was 

placed on the taxpayer and on the IRS 

employees to resolve the issue. 

Respondents: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 

430,400 hours. 

OMB Number: 1545–1287. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: FI–3–91 (TD 8456—Final) 

Capitalization of Certain Policy 

Acquisition Expenses. 

Abstract: Insurance companies that 

enter into reinsurance agreement must 

determine the amounts to be capitalized 

under those agreements consistently. 

The regulations provide elections to 

permit companies to shift the burden of 

capitalization for their mutual benefit. 

Respondents: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 2,070 

hours. 

OMB Number: 1545–1138. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: INTL–955–86 (Final) 

Requirements For Investments to 

Qualify under Section 936(d)(4) as 

Investments in Qualified Caribbean 

Basin Countries. 

Abstract: The collection of 

information is required by the Internal 

Revenue Service to verify that an 

investment qualifies under IRC section 

936(d)(4). The recordkeepers will be 

possession corporations, certain 

financial institutions located in Puerto 

Rico, and borrowers of funds covered by 

this regulation. 

Respondents: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 1,500 

hours. 

OMB Number: 1545–1308. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: PS–260–82 (Final) Election, 

Revocation, Termination, and Tax Effect 

of Subchapter S Status—TD 8449. 

Abstract: Section 1–1362 through 

1.1362–7 of the Income Tax Regulations 

provide the specific procedures and 

requirements necessary to implement 

section 1362, including the filing of 

various elections and statements with 

the Internal Revenue Service. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 322 

hours. 

OMB Number: 1545–0122. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: Foreign Tax Credit 

Corporations. 

Form: 1118 (Schedule I, J, K). 

Abstract: Form 1118 and separate 

Schedules I, J, and K are used by 

domestic and foreign corporations to 

claim a credit for taxes paid to foreign 

countries. The IRS uses Form 1118 and 

related schedules to determine if the 

corporation has computed the foreign 

tax credit correctly. 

Respondents: Private Sector: 

Businesses or other for-profits. 

Estimated Total Burden Hours: 

3,483,016 hours. 

OMB Number: 1545–0191. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: Investment Interest Expense 

Deduction. 

Form: 4952. 

Abstract: Internal Revenue Code 

section 163(d) provides a limitation on 

individuals, estates, or trusts that paid 

or accrued interest on investment 

indebtedness. Form 4952 is used to 

accumulate a taxpayer’s interest from all 

sources and provides a line-by-line 

computation of the allowable deduction 

for investment interest. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 

205,596 hours. 

OMB Number: 1545–1072. 

Type of Review: Extension without 

change to a currently approved 

collection. 

Title: INTL–952–86 (TD 8410–Final) 

Allocation and Apportionment of 

Interest Expense and Certain Other 

Expenses. 

Abstract: The regulations provide 

rules concerning the allocation and 

apportionment of expenses to foreign 

source income for purposes of the 

foreign tax credit and other provisions. 

Respondents: Individuals or 

households. 

Estimated Total Burden Hours: 3,750 

hours. 

Bureau Clearance Officer: R. Joseph 

Durbala, Internal Revenue Service, 1111 

Constitution Avenue, NW., Room 6129, 

Washington, DC 20224; (202) 622–3634. 

OMB Reviewer: Shagufta Ahmed, 

Office of Management and Budget, New 

Executive Office Building, Room 10235, 

Washington, DC 20503; (202) 395–7873. 

Celina Elphage, 

Treasury PRA Clearance Officer. 

[FR Doc. 2010–24213 Filed 9–27–10; 8:45 am] 

BILLING CODE 4810–01–P 

DEPARTMENT OF THE TREASURY 

Alcohol and Tobacco Tax and Trade 

Bureau 

Proposed Information Collections; 

Comment Request 

AGENCY: Alcohol and Tobacco Tax and 

Trade Bureau, Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: As part of our continuing 

effort to reduce paperwork and 

respondent burden, and as required by 

the Paperwork Reduction Act of 1995, 

we invite comments on the proposed or 

continuing information collections 

listed below in this notice. 

DATES: We must receive your written 

comments on or before November 29, 

2010. 

ADDRESSES: You may send comments to 

Mary A. Wood, Alcohol and Tobacco 

Tax and Trade Bureau, at any of these 

addresses: 

• P.O. Box 14412, Washington, DC 

20044–4412; 

• 202–453–2686 (facsimile); or 

• formcomments@ttb.gov (e-mail). 

Please send separate comments for 

each specific information collection 

listed below. You must reference the 

information collection’s title, form or 

recordkeeping requirement number, and 

OMB number (if any) in your comment. 

If you submit your comment via 

facsimile, send no more than five 8.5 x 

11 inch pages in order to ensure 

electronic access to our equipment. 

FOR FURTHER INFORMATION CONTACT: To 

obtain additional information, copies of 

the information collection and its 

instructions, or copies of any comments 

received, contact Mary A. Wood, 

Alcohol and Tobacco Tax and Trade 

Bureau, P.O. Box 14412, Washington, 

DC 20044–4412; or telephone 202–453– 

2265. 


srobinson on DSKHWCL6B1PROD with NOTICES
59798 Federal Register / Vol. 75, No. 187 / Tuesday, September 28, 2010 / Notices 

SUPPLEMENTARY INFORMATION: 

Request for Comments 

The Department of the Treasury and 

its Alcohol and Tobacco Tax and Trade 

Bureau (TTB), as part of their 

continuing effort to reduce paperwork 

and respondent burden, invite the 

general public and other Federal 

agencies to comment on the proposed or 

continuing information collections 

listed below in this notice, as required 

by the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.). 

Comments submitted in response to 

this notice will be included or 

summarized in our request for Office of 

Management and Budget (OMB) 

approval of the relevant information 

collection. All comments are part of the 

public record and subject to disclosure. 

Please not do include any confidential 

or inappropriate material in your 

comments. 

We invite comments on: (a) Whether 

this information collection is necessary 

for the proper performance of the 

agency’s functions, including whether 

the information has practical utility; (b) 

the accuracy of the agency’s estimate of 

the information collection’s burden; (c) 

ways to enhance the quality, utility, and 

clarity of the information collected; (d) 

ways to minimize the information 

collection’s burden on respondents, 

including through the use of automated 

collection techniques or other forms of 

information technology; and (e) 

estimates of capital or start-up costs and 

costs of operation, maintenance, and 

purchase of services to provide the 

requested information. 

Information Collections Open for 

Comment 

Currently, we are seeking comments 

on the following forms and 

recordkeeping requirements: 

Title: Tax Information Authorization. 

OMB Control Number: 1513–0001. 

TTB Form Numbers: 5000.19. 

Abstract: TTB F 5000.19 is required 

by TTB to be filed when a respondent’s 

representative, not having a power of 

attorney, wishes to obtain confidential 

information regarding the respondent. 

After proper completion of the form, 

information can be released to the 

representative. TTB uses this form to 

properly identify the representative and 

his/her authority to obtain confidential 

information. 

Current Actions: We are submitting 

this information collection for extension 

purposes only. The information 

collection, estimated number of 

respondents, and estimated total annual 

burden hours remain unchanged. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit; Individuals or Households. 

Estimated Number of Respondents: 

50. 

Estimated Total Annual Burden 

Hours: 50. 

Title: Referral of Information. 

OMB Control Number: 1513–0003. 

TTB Form Numbers: 5000.21. 

Abstract: When we discover potential 

violations of Federal, State, or local law, 

we use TTB F 5000.21 to make referrals 

to Federal, State, or local agencies to 

determine if they plan to take action, 

and to internally refer potential 

violations of TTB administered statutes. 

We also use TTB F 5000.21 to evaluate 

the effectiveness of these referrals. 

Current Actions: We are submitting 

this information collection for extension 

purposes only. The information 

collection, estimated number of 

respondents, and estimated total annual 

burden hours remain unchanged. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Federal Government; 

State, Local, or Tribal Government. 

Estimated Number of Respondents: 

500. 

Estimated Total Annual Burden 

Hours: 500. 

Title: Notice of Release of Tobacco 

Products, Cigarette Papers, or Cigarette 

Tubes. 

OMB Control Number: 1513–0025. 

TTB Form Number: 5200.11. 

Abstract: This form documents the 

release of tobacco products and cigarette 

papers and tubes from Customs custody, 

and the return of such articles, to a 

manufacturer or export warehouse 

proprietor for use in the United States. 

The form is also used to ensure 

compliance with laws and regulations at 

the time of these transactions and for 

post audit examinations. 

Current Actions: We are submitting 

this information collection for extension 

purposes only. The information 

collection, estimated number of 

respondents, and estimated total annual 

burden hours remain unchanged. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit. 

Estimated Number of Respondents: 

268. 

Estimated Total Annual Burden 

Hours: 536. 

Title: Usual and Customary Business 

Records Maintained by Brewers. 

OMB Control Number: 1513–0058. 

TTB Recordkeeping Number: 5130/1. 

Abstract: TTB audits brewers’ records 

to verify production of beer and cereal 

beverages and to verify the quantity of 

beer removed subject to tax and 

removed without payment of tax. TTB 

believes that these records would be 

normally kept in the course of doing 

business. 

Current Actions: We are submitting 

this information collection for extension 

purposes only. The information 

collection, estimated number of 

respondents, and estimated total annual 

burden hours remain unchanged. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit. 

Estimated Number of Respondents: 

2,026. 

Estimated Total Annual Burden 

Hours: One (1). 

Title: Recordkeeping for Tobacco 

Products Removed in Bond from a 

Manufacturer’s Premises for 

Experimental Purposes—27 CFR 

40.232(e). 

OMB Control Number: 1513–0110. 

TTB Form Number: None. 

TTB Recordkeeping Number: None. 

Abstract: The prescribed records 

apply to manufacturers who ship 

tobacco products in bond for 

experimental purposes. TTB can 

examine these records to determine that 

the proprietor has complied with law 

and regulations that allow such tobacco 

products to be shipped in bond for 

experimental purposes without payment 

of the excise tax. 

Current Actions: We are submitting 

this information collection request for 

extension purposes only. The 

information collection, estimated 

number of respondents, and estimated 

total annual burden hours remain 

unchanged. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit. 

Estimated Number of Respondents: 

170. 

Estimated Total Annual Burden 

Hours: One (1). 

Dated: September 21, 2010. 

Gerald Isenberg, 

Director, Regulations and Rulings Division. 

[FR Doc. 2010–24328 Filed 9–27–10; 8:45 am] 

BILLING CODE 4810–31–P 


srobinson on DSKHWCL6B1PROD with NOTICES