Federal Register / Vol. 75, No. 210 / Monday, November 1, 2010 / Notices 67165 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning Form 

8886–T, Disclosure by Tax-Exempt 

Entity Regarding Prohibited Tax Shelter 

Transaction. 

DATES: Written comments should be 

received on or before January 3, 2011 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to R. Joseph Durbala, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Allan Hopkins, 

(202) 622–6665, at Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224, 

or through the Internet at 

Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Disclosure by Tax-Exempt 

Entity Regarding Prohibited Tax Shelter 

Transaction. 

OMB Number: 1545–2078. 

Form Number: Form 8886–T. 

Abstract: Certain tax-exempt entities 

are required to file Form 8886–T to 

disclose information for each prohibited 

tax shelter transaction to which the 

entity was a party. 

Current Actions: There is no change 

in the paperwork burden previously 

approved by OMB. This form is being 

submitted for renewal purposes only. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses and other 

for-profit organizations, State, Local or 

Tribal Government. 

Estimated Number of Respondents: 

6,500. 

Estimated Time per Respondent: 8 

hours, 36 minutes. 

Estimated Total Annual Burden 

Hours: 55,900. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information 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 information. 

Approved: October 25, 2010. 

Allan Hopkins, 

IRS Tax Analyst. 

[FR Doc. 2010–27475 Filed 10–29–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Revenue Procedure 

2007–XX (RP–155430–05) 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning 

Revenue Procedure 2007–XX (RP– 

155430–05), Section 6707/6707A 

Accelerated Appeals Procedure. 

DATES: Written comments should be 

received on or before January 3, 2011 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Gerald Shields, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of revenue procedure should be 

directed to Allan Hopkins, at (202) 622– 

6665, or at Internal Revenue Service, 

Room 6129, 1111 Constitution Avenue, 

NW., Washington, DC 20224, or through 

the Internet, at 

Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Section 6707–6707A 

Accelerated Appeals Procedure. 

OMB Number: 1545–2094. 

Revenue Procedure Number: Revenue 

Procedure 2007–XX (RP–155430–05). 

Abstract: The collection of 

information this revenue procedure 

requires is necessary to administer the 

provisions of section 6707(c) and 

6707A(d) and to conduct Appeals 

procedures for those provisions. 

Current Actions: There are no changes 

being made to the revenue procedure at 

this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 

860. 

Estimated Average Time per 

Respondent: 30 min. 

Estimated Total Annual Burden 

Hours: 430. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and (e) estimates of capital 

mstockstill on DSKH9S0YB1PROD with NOTICES

67166 Federal Register / Vol. 75, No. 210 / Monday, November 1, 2010 / Notices 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: October 25, 2010. 

Allan Hopkins, 

IRS Tax Analyst. 

[FR Doc. 2010–27476 Filed 10–29–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8938 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning Form 

8938, Statement of Foreign Financial 

Assets. 

DATES: Written comments should be 

received on or before January 3, 2011 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Gerald Shields, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Ralph Terry, (202) 

622–8144, at Internal Revenue Service, 

Room 6129, 1111 Constitution Avenue, 

NW., Washington, DC 20224, or through 

the Internet at Ralph.M.Terry@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Statement of Foreign Financial 

Assets. 

OMB Number: 1545–2195. 

Form Number: Form 8938. 

Abstract: The collection of 

information in new Form 8938 will be 

the means by which taxpayers will 

comply with self-reporting obligations 

imposed under section 6038D with 

respect to foreign financial assets. The 

IRS will use the information to 

determine whether to audit this 

taxpayer or transaction, including 

whether to impose penalties. The 

information is also required to begin the 

running of the statute of limitations 

under section 6501. 

Current Actions: There is no change 

in the paperwork burden previously 

approved by OMB. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

Households. 

Estimated Number of Respondents: 

350,000. 

Estimated Time per Respondent: 1 

hour, 05 minutes. 

Estimated Total Annual Burden 

Hours: 378,000. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information 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 information. 

Approved: October 25, 2010. 

Gerald Shields, 

IRS Supervisory Tax Analyst. 

[FR Doc. 2010–27477 Filed 10–29–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Designation of Two Individuals 

Pursuant to Executive Order 13224; 

Correction 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice; correction. 

SUMMARY: The Department of the 

Treasury published a document in the 

Federal Register of October 25, 2010, 

concerning the designation of two 

individuals pursuant to Executive Order 

13224 of September 23, 2001, ‘‘Blocking 

Property and Prohibiting Transactions 

With Persons Who Commit, Threaten To 

Commit, or Support Terrorism.’’ The 

document contained incorrect dates. 

FOR FURTHER INFORMATION CONTACT: 

Assistant Director, Compliance 

Outreach & Implementation, Office of 

Foreign Assets Control, Department of 

the Treasury, Washington, DC 20220, 

tel.: 202/622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability 

This document and additional 

information concerning OFAC are 

available from OFAC’s Web site 

(http://www.treas.gov/ofac) or via 

facsimile through a 24-hour fax-ondemand service, tel.: 202/622–0077. 

Correction 

In the Federal Register of October 25, 

2010, in FR Doc. 2010–26809, on page 

65556, in the second column, correct 

the DATES caption to read: 

DATES: The designation by the Director 

of OFAC of the two individuals 

identified in this notice, pursuant to 

Executive Order 13224, is effective on 

October 26, 2010. 

On page 65556, in the third column, 

correct the second paragraph to read: 

On October 26, 2010 the Director of 

OFAC, in consultation with the 

Departments of State, Homeland 

Security, Justice and other relevant 

agencies, designated, pursuant to one or 

more of the criteria set forth in 

subsections 1(b), 1(c) or 1(d) of the 

Order, two individuals whose property 

and interests in property are blocked 

pursuant to Executive Order 13224. 

On page 65557, in the first column, 

correct the ‘‘Dated’’ caption to read: 

Dated: October 26, 2010. 

Adam J. Szubin, 

Director, Office of Foreign Assets Control. 

[FR Doc. 2010–27511 Filed 10–29–10; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Unblocking of Two Specially 

Designated Nationals Pursuant to 

Executive Order 13224 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

mstockstill on DSKH9S0YB1PROD with NOTICES