[Federal Register: March 14, 2007 (Volume 72, Number 49)]
[Notices]
[Page 11932-11933]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14mr07-120]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
March 9, 2007.
The Department of Treasury has submitted the following public
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. 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, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.
DATES: Written comments should be received on or before April 13, 2007
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1876.
Type of Review: Extension.
Title: REG-166012-02 (NPRM) Notional Contracts; Contingent
Nonperiodic Payments.
Description: The collection of information in the proposed
regulations is in Sec. 1.446-3(g)(6)(vii) of the Income Tax
Regulations, requiring Taxpayers to maintain in their books and records
a description of the method used to determine the projected amount of a
contingent payment, the projected payment schedules, and the
adjustments taken into account under the proposed regulations. The
information is required by the IRS to verify compliance with section
446 of the Internal Revenue Code and the method of accounting described
in Sec. 1.446-3(g)(6).
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 25,500 hours.
OMB Number: 1545-2032.
Type of Review: Extension.
Title: Income Verification Express Service Application and Employee
Delegation Form.
Form: 13803.
Description: Form 13803, Income Verification Express Service
Application and Employee Delegation Form, is used to submit the
required information necessary to complete the e-services enrollment
process for IVES users and to identify delegates receiving transcripts
on behalf of the principle account user.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 100 hours.
OMB Number: 1545-1866.
Type of Review: Extension.
Title: U.S. Corporation Income Tax Declaration for an IRS e-file
Return.
Form: 8453C.
Description: Form 8453-C is used to enable the electronic filing of
Form 1120.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 14,040 hours.
OMB Number: 1545-1565.
Type of Review: Extension.
Title: Notice 97-64 Temporary Regulations To Be Issued Under
Section 1(h) of the Internal Revenue Code (Applying Section 1(h) to
Capital Gain Dividends of RICs and REITs).
Description: Notice 97-64 provides notice of forthcoming temporary
regulations that will permit Regulated Investment Companies (RICs) and
Real Estate Investment Trusts (REIT) to distribute multiple classes of
capital gain dividends.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 1 hour.
OMB Number: 1545-1455.
Type of Review: Extension.
Title: PS-80-93 (Final) Rules for Certain Rental Real Estate
Activities.
Description: The regulation provides rules relating to the
treatment of rental
[[Page 11933]]
real estate activities of certain taxpayers under the passive activity
loss and credit limitations on Internal Revenue Code section 469.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 3,015 hours.
OMB Number: 1545-1863.
Type of Review: Extension
Title: IRS e-file Signature Authorization for Form 1120S.
Form: 8879S
Description: Form 8879-S authorizes an officer of a corporation and
an electronic return originator (ERO) to use a personal identification
number (PIN) to electronically sign a corporation's electronic income
tax return and, if applicable, Electronic Funds Withdrawal Consent.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 74,181 hours.
OMB Number: 1545-0117.
Type of Review: Extension.
Title: Original Issue Discount.
Form: 1099-OID.
Description: Form 1099-OID is used for reporting original issue
discount as required by section 6049 of the Internal Revenue Code. It
is used to verify that income earned on discount obligations is
properly reported by the recipient.
Respondents: Businesses and other for-profit institutions.
Estimated Total Burden Hours: 1,142,324 hours.
OMB Number: 1545-0429.
Type of Review: Extension.
Title: Requst for Copy of Tax Return.
Form: 4506.
Description: 26 U.S.C. 7513 allows for taxpayers to request a copy
of a tax return. Form 4506 is used by a taxpayer to request a copy of a
Federal tax form. The information provided will be used for research to
locate the tax form and to ensure that the requester is the taxpayer or
someone authorized by the taxpayer.
Respondents: Individuals or Households.
Estimated Total Burden Hours: 260,000 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.
Michael A. Robinson,
Treasury PRA Clearance Officer.
[FR Doc. E7-4667 Filed 3-13-07; 8:45 am]
BILLING CODE 4830-01-P