[Federal Register: April 24, 2006 (Volume 71, Number 78)]
[Notices]
[Page 21091-21092]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr24ap06-118]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
April 18, 2006.
The Department of the 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 May 24,
2006 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0957.
Type of Review: Extension.
Title: Request for Waiver from Filling Information Returns
Electronically/Magnetically (Forms W-2, W-2G, 1042-1098 Series, 1099
Series, 5498 Series, and 8027.
Form: IRS F-8508.
Description: Certain filers of information returns are required by
law to file on magnetic media. In some instances, waivers from this
requirement are necessary and justified. Form 8508 is submitted by the
filer and provides information on which IRS will base its waiver
determination.
Respondents: Business or other for-profit; Not-for-profit
institutions; Farms; Federal Government; State, Local or Tribal
Government.
Estimated Total Burden Hours: 750 hours.
OMB Number: 1545-1233.
Type of Review: Extension.
Title: Adjusted Current Earnings (IA-14-91) (Final).
Description: This regulation affects business and other for-profit
institutions. This information is required by the IRS to ensure the
proper application of section 1.56(g)-1 of the regulation. It will be
used to verify that taxpayers have properly elected the benefits of
section 1.56(g)-1(r) of the regulation.
Respondents: Business or other for-profit.
Estimated Total Burden Hours: 1,000 hours.
OMB Number: 1545-1810.
Type of Review: Extension.
Title: Credit for Small Employer Pension Plan Startup Costs.
Form: IRS F-8881.
Description: Qualified small employers use Form 8881 to request a
credit for start up costs related to eligible retirement plans. Form
8881 implements section 45E, which provides a credit based on costs
incurred by an employer in establishing or administering an eligible
employer plan or for the retirement-related education of employees with
respect to the plan. The credit is 50% of the qualified costs for the
tax year, up to a maximum credit of $500 for the first tax year and
each of the two subsequent tax years.
Respondents: Business or other for-profit.
Estimated Total Burden Hours: 526,670 hours.
OMB Number: 1545-1815.
Type of Review: Extension.
Title: Coverdell ESA Contribution Information.
Form: IRS F-5498-ESA.
Description: Form 5498-ESA is used by trustees and issuers of
Coverdell Education Savings accounts to report contributions made to
these accounts to beneficiaries.
Respondents: Business or other for-profit.
Estimated Total Burden Hours: 18,000 hours.
OMB Number: 1545-1824.
Type of Review: Extension.
Title: REG-139768-02 (Final) Excise Tax Relating to Structured
Settlement Factoring Transactions.
Description: The regulations provide rules relating to the manner
and method of reporting and paying the 40 percent excise tax imposed by
section 5891 of the Internal Revenue Code with respect to acquiring of
structured payment rights.
Respondents: Individuals or households and Business or other for-
profit.
Estimated Total Burden Hours: 2 hours.
OMB Number: 1545-1980.
Type of Review: Extension.
Title: Notice 2006-01, Charitable Contributions of Certain Motor
Vehicles, Boats and Airplanes. Reporting Requirements under
170(f)(12)(D).
Description: Charitable organizations are required to send an
acknowledgment of car donations to the donor and to the
[[Page 21092]]
Service. The purpose of this is to prevent donors from taking
inappropriate deductions.
Respondents: Individuals or households and Not-for-profit
institutions.
Estimated Total Burden Hours: 21,500 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.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E6-6084 Filed 4-21-06; 8:45 am]
BILLING CODE 4830-01-P