[Federal Register Volume 74, Number 143 (Tuesday, July 28, 2009)]
[Notices]
[Pages 37306-37307]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-17914]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 21, 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 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 27, 2009 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0432.
    Type of Review: Extension.
    Form: 5495.
    Title: Request for Discharge from Personal Liability under Internal 
Revenue Code Section 2204 or 6905.
    Description: Form 5495 provides guidance under sections 2204 and 
6905 for executors of estates and fiduciaries of decedent's trusts. The 
form, filed after regular filing of an Estate, Gift, or Income tax 
return for a decedent, is used by the executor or fiduciary to request 
discharge from personal liability for any deficiency for the tax and 
periods shown on the form.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 306,500 hours.

    OMB Number: 1545-1841.
    Type of Review: Extension.
    Title: REG-157302-02 (Final), TD 9142 Deemed IRAs in Qualified 
Retirement Plans.
    Description: Section 408(q), added to the Internal Revenue Code by 
section 602 of the Economic Growth and Tax Relief Reconciliation Act of 
2001, provides that separate accounts and annuities may be added to 
qualified employer plans and deemed to be individual retirement 
accounts and individual retirement annuities if certain requirements 
are met. Section 1.408(q)-1(f)(2) provides that these deemed IRAs must 
be held in a trust or annuity contract separate from the trust or 
annuity contract of the qualified employer plan. This collection of 
information is required to ensure that the separate requirements of 
qualified employer plans are met.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 40,000 hours.

    OMB Number: 1545-1828.
    Type of Review: Extension.
    Title: REG-131478-02 (Final) Guidance under Section 1502; 
Suspension of Losses on Certain Stock Disposition.
    Description: The information in Sec. 1.1502-35T(c) is necessary to 
ensure that a consolidated group does not obtain more than one tax 
benefit from both the utilization of a loss from the disposition of 
stock and the utilization of a loss or deduction with respect to 
another asset that reflects the same economic loss; to allow the 
taxpayer to make an election under Sec. 1.1502-35T(c)(5) that would 
benefit the taxpayer, the election in Sec. 1.1502-35T(f) provides 
taxpayers the choice in the case of a worthless subsidiary to utilize a 
worthless stock deduction or absorb the subsidiary's losses; and Sec. 
1.1502-35T(g)(3) applies to ensure that taxpayers do not circumvent the 
loss suspension rule of Sec.  1.1502-35T(c) by deconsolidating a 
subsidiary and then re-importing to the group losses of such 
subsidiary.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 15,000 hours.

    OMB Number: 1545-1969.
    Type of Review: Extension.
    Form: 13751.
    Title: Waiver of Right to Consistent Agreement of Partnership Items 
and Partnership-Level Determinations as to Penalties, Additions to Tax, 
and Additional Amounts.
    Description: The information requested on Form 13751 (as required 
under Announcement 2005-80) will be used to determine the eligibility 
for participation in the settlement initiative of taxpayers related 
through TEFRA partnerships to ineligible applicants. Such 
determinations will involve partnership items and partnership-level 
determinations, as well as the calculation of tax liabilities resolved 
under this initiative, including penalties and interest.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 100 hours.

    OMB Number: 1545-1986.
    Type of Review: Extension.
    Title: Notice 2006-XX Elections Created or Effected by the American 
Jobs Creation Act of 2004.
    Description: The collection of information will enable the Internal 
Revenue Service to ensure that the eligibility requirements for the 
various elections or revocations have been satisfied and the requisite 
sections have been complied with.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 3,034,765 hours.

    OMB Number: 1545-1988.
    Type of Review: Extension.
    Title: Credit for New Qualified Alternative Motor Vehicles 
(Advanced Lean Burn Technology Motor Vehicles and Qualified Hybrid 
Motor Vehicles).
    Description: This notice sets forth a process that allows taxpayers 
who purchase passenger automobiles or light trucks to rely on the 
domestic manufacturer's (or, in the case of a foreign manufacturer, its 
domestic distributor's) certification that both a particular make, 
model and year of vehicle qualifies as an advanced lean burn technology 
motor vehicle under Section 30B(a) (2) and (c) of the Internal Revenue 
Code or a qualified hybrid motor vehicle under Section 30B(a)(3) and 
(d), and the amount of the credit allowable with respect to the 
vehicle.
    Respondents: Individuals or Households.

[[Page 37307]]

    Estimated Total Burden Hours: 280 hours.

    OMB Number: 1545-1991.
    Type of Review: Revision.
    Form: 8804-W.
    Title: Installment Payments of Section 1446 Tax for Partnerships.
    Description: Regulations for section 1446 require a worksheet for 
installment payments of section 1446 tax. Partnerships generally must 
make installment payments of estimated section 1446 tax if they expect 
the aggregate tax on the effectively connected taxable income (ECTI) 
that is allocable to all foreign partners to be $500 or more.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 31,600 hours.

    OMB Number: 1545-1996.
    Type of Review: Extension.
    Title: Notice 2006-05, Waiver for Reasonable Cause for Failure to 
Report Loan Origination Fees and Capitalized Interest.
    Description: This Notice provides information to payees who receive 
payment of interest on qualified education loans who are unable to 
comply with the information reporting requirements under section 6050S 
of the Internal Revenue Code.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 5,000 hours.

    OMB Number: 1545-2134.
    Type of Review: Extension.
    Title: Notice 2009-41--Credit for Residential energy efficient 
property.
    Description: This notice provides guidance about the procedures by 
which a manufacturer can certify that residential energy efficient 
property qualifies for the Sec.  25D credit. This notice is intended to 
provide (1) guidance concerning the methods by which manufacturers can 
provide such certifications to taxpayers, and (2) guidance concerning 
the methods by which taxpayers can claim such credits.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 350 hours.

    OMB Number: 1545-1990.
    Type of Review: Extension.
    Title: Application of section 338 to Insurance Companies (TD 9377, 
final).
    Description: Final regulations under section 197 of the Internal 
Revenue Code (Code) that apply to a section 197 intangible resulting 
from an assumption reinsurance transaction, and under section 338 that 
apply to reserve increases after a deemed asset sale. The final 
regulations also provide guidance with respect to existing section 
846(e) elections to use historical loss payment patterns. The final 
regulations apply to insurance companies.
    Respondents: Businesses or other for-profits.
    Estimated Total Burden Hours: 12 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. E9-17914 Filed 7-27-09; 8:45 am]
BILLING CODE 4830-01-P