[Federal Register Volume 74, Number 133 (Tuesday, July 14, 2009)]
[Notices]
[Pages 34075-34077]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-16670]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 7, 2009.
    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

[[Page 34076]]

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 August 13, 2009 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-2109.
    Type of Review: Extension.
    Title: Form 13925, Notice of Election of an Agreement to Special 
Lien Under Internal Revenue Code Section 6324A and Regulations.
    Description: Under IRC section 6166, an estate may elect to pay the 
estate tax in installments over 14 years if certain conditions are met. 
If the IRS determines that the government's interest in collecting 
estate tax is sufficiently at risk, it may require the estate provide a 
bond. Alternatively, the executor may elect to provide a lien in lieu 
of bond. Under section 6324A(c) and the regulations there under (OMB 
1545-0757), to make this election the executor must submit a lien 
agreement to the IRS. Form 13925 is a form lien agreement that 
executors may use for this purpose.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 500 hours.

    OMB Number: 1545-1820.
    Type of Review: Extension.
    Title: Revenue Procedure 2003-33, Section 9100 Relief for 338 
Elections
    Description: Pursuant to Sec. 301.9100-3 of the Procedure and 
Administration Regulations, this procedure grants certain taxpayers an 
extension of time to file an election described in Sec. 338(a) or Sec. 
338(h)(10) of the Internal Revenue Code to treat the purchase of the 
stock of a corporation as an asset acquisition.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 300 hours.

    OMB Number: 1545-2132.
    Type of Review: Extension.
    Form: 8933.
    Title: Carbon Dioxide Sequestration Credit.
    Description: Form 8933 will provide a standardized format to claim 
this credit to an eligible person that captures, after October 3, 2008, 
qualified carbon dioxide at a qualified facility and physically or 
contractually ensures the disposal of or the use as a tertiary 
injectant of the qualified carbon dioxide.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 215 hours.

    OMB Number: 1545-1984.
    Type of Review: Revision.
    Form: 8903.
    Title: Domestic Production Activities Deduction.
    Description: Taxpayers will use the new Form 8903 and related 
instructions to calculate the domestic production activities deduction.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 6,450,000 hours.

    OMB Number: 1545-1541.
    Type of Review: Extension.
    Title: Revenue Procedure 97-27, Changes in Methods of Accounting
    Description: The information requested in sections 6, 8, and 13 of 
Revenue Procedure 97-27 is required in order for the Commissioner to 
determine whether the taxpayer is properly requesting to change its 
method of accounting and the terms and condition of that change.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 9,083 hours.

    OMB Number: 1545-1932.
    Type of Review: Extension.
    Title: REG-158138-04 (Final) Information Return by Donees Relating 
to Qualified Intellectual Property Contributions.
    Description: These proposed and temporary regulations provide 
guidance for filing information returns by donees relating to qualified 
intellectual property contributions. The regulations affect donees 
receiving qualified intellectual property contributions after June 3, 
2004.
    Respondents: Not-for-profit institutions.
    Estimated Total Burden Hours: 2 hours.

    OMB Number: 1545-1982.
    Type of Review: Extension.
    Form: 8906.
    Title: Distilled Spirits Credit.
    Description: Form 8906, Distilled Spirits Credit, was developed to 
carry out the provisions of IRC section 5011(a). This section allows 
eligible wholesalers and persons subject to IRC section 5055 an income 
tax credit for the average cost of carrying excise tax on bottled 
distilled spirits. The new form provides a means for the eligible 
taxpayer to compute the amount of credit.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 558 hours.

    OMB Number: 1545-1970.
    Type of Review: Extension.
    Form: 13750.
    Title: Election to Participate in Announcement 2005-80 Settlement 
Initiative.
    Description: Announcement 2005-80 provides a settlement initiative 
under which taxpayers and the Service may resolve certain abusive tax 
transactions. Pursuant to Announcement 2005-80, Form 13750 is the ONLY 
specified manner in which taxpayers may elect to participate in the 
settlement initiative.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 2,500 hours.

    OMB Number: 1545-1049.
    Type of Review: Extension.
    Title: IA-7-88 (Final) Excise Tax Relating to Gain or Other Income 
Realized by Any Person on Receipt of Greenmail.
    Description: The final regulations provide rules relating to the 
manner and method of reporting and paying the nondeductible 50 percent 
tax imposed by section 5881 of the Internal Revenue Code with respect 
to the receipt of greenmail.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 2 hours.

    OMB Number: 1545-1504.
    Type of Review: Extension.
    Form: 911.
    Title: Application for Taxpayer Assistance Order (ATAO).
    Description: This form is used by taxpayers to apply for relief 
from a significant hardship which may have already occurred or is about 
to occur if the IRS takes or fails to take certain actions. This form 
is submitted to the IRS Taxpayer Advocate Office in the state or city 
where the taxpayer lives.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 46,500 hours.

    OMB Number: 1545-0233.
    Type of Review: Extension.
    Form: 7004.
    Title: Application for Automatic Extension of Time to File Certain 
Business Income Tax, Information, and Other Returns.
    Description: Form 7004 is used by corporations and certain non-
profit

[[Page 34077]]

institutions to request an automatic 6-month extension of time to file 
their income tax returns. The information is needed by IRS to determine 
whether Form 7004 was timely filed so as not to impose a late filing 
penalty in error and also to insure that the proper amount of tax was 
computed and deposited.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 19,216,744 hours.

    OMB Number: 1545-1480.
    Type of Review: Extension.
    Title: REG-107047-00 (Final), Hedging Transactions.
    Description: The information is required by the IRS to aid it in 
administering the law and to prevent manipulation. The information will 
be used to verify that a taxpayer is properly reporting its business 
hedging transactions.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 171,050 hours.

    OMB Number: 1545-1994.
    Type of Review: Extension.
    Title: Notice 2008-36 (Previously Notice 2006-28), Energy Efficient 
Home Credit; Manufactured Homes.
    Description: This notice supersedes Notice 2006-28 by substantially 
republishing the guidance contained in that publication. This notice 
clarifies the meaning of the terms equivalent rating network and 
eligible contractor, and permits calculation procedures other than 
those identified in Notice 2006-28 to be used to calculate energy 
consumption. Finally, this notice clarifies the process for removing 
software from the list of approved software and reflects the extension 
of the tax credit through December 31, 2008. Notice 2006-28, as 
updated, provided guidance regarding the calculation of heating and 
cooling energy consumption for purposes of determining the eligibility 
of a manufactured home for the New Energy Efficient Home Credit under 
Internal Revenue Code Sec.  45L. Notice 2006-28 also provided guidance 
relating to the public list of software programs that may be used to 
calculate energy consumption. Guidance relating to dwelling units other 
than manufactured homes is provided in Notice 2008-35.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 60 hours.

    OMB Number: 1545-1099.
    Type of Review: Extension.
    Form: 8811.
    Title: Information Return for Real Estate Mortgage Investment 
Conduits (REMICs) and Issuers of Collateralized Debt Obligations.
    Description: Form 8811 is used to collect the name, address, and 
phone number of a representative of a REMIC who can provide brokers 
with the correct income amounts that the broker's clients must report 
on their income tax returns. The form allows the IRS to provide the 
REMIC industry the information necessary to issue correct information 
returns to investors.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 4,380 hours.

    OMB Number: 1545-1344.
    Type of Review: Extension.
    Title: CO-30-92 (Final) Consolidated Returns--Stock Basis and 
Excess Loss Accounts, Earnings and Profits, Absorption of Deductions 
and Losses, Joining and Leaving Consolidated Groups, Worthless.
    Description: The reporting requirements affect consolidated 
taxpayers who will be making elections (if made) to treat certain loss 
carryovers as expiring and an election (if made) allocating items 
between returns. The information will facilitate enforcement of 
consolidated return regulations.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 18,600 hours.

    OMB Number: 1545-0770.
    Type of Review: Extension.
    Title: FI-182-78 (NPRM) Transfers of Securities Under Certain 
Agreements.
    Description: Section 1058 of the Internal Revenue Code provides 
tax-free treatment for transfers of securities pursuant to a securities 
lending agreement. The agreement must be in writing and is used by the 
taxpayer, in a tax audit situation, to justify no recognition treatment 
of gain or loss on the exchange of the securities.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 9,781 hours.

    OMB Number: 1545-1537.
    Type of Review: Extension.
    Title: REG-253578-96 Final Regulations for Health Coverage 
Portability for Group Health Plans and Group Health Insurance Issuers 
under HIPPA Titles I & IV.
    Description: The regulations provide guidance for group health 
plans and the employers maintaining them regarding requirements imposed 
on plans relating to preexisting condition exclusions, discrimination 
based on health status, and access to coverage.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 262,289 hours.

    OMB Number: 1545-0022.
    Type of Review: Extension.
    Form: 712.
    Title: Life Insurance Statement.
    Description: Form 712 is used to establish the value of life 
insurance policies for estate and gift tax purposes. The tax is based 
on the value of these policies. The form is completed by life insurance 
companies.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 1,120,200 hours.
    Clearance Officer: R. Joseph Durbala, (202) 622-3634, Internal 
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.
    OMB Reviewer: Shagufta Ahmed, (202) 395-7873, Office of Management 
and Budget, Room 10235, New Executive Office Building, Washington, DC 
20503.

Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. E9-16670 Filed 7-13-09; 8:45 am]
BILLING CODE 4830-01-P