[Federal Register Volume 77, Number 189 (Friday, September 28, 2012)]
[Notices]
[Pages 59706-59707]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-23862]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
September 25, 2012.
The Department of the Treasury will submit the following
information collection request to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, Public Law 104-13, on or after the date of
publication of this notice.
DATES: Comments should be received on or before October 29, 2012 to be
assured of consideration.
ADDRESSES: Send comments regarding the burden estimate, or any other
aspect of the information collection, including suggestion for reducing
the burden, to (1) Office of Information and Regulatory Affairs, Office
of Management and Budget, Attention: Desk Officer for Treasury, New
Executive Office Building, Room 10235, Washington, DC 20503, or email
at [email protected] and (2) Treasury PRA Clearance Officer,
1750 Pennsylvania Ave. NW., Suite 8140, Washington, DC 20220, or email
at [email protected].
FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be
obtained by calling (202) 927-5331, email at [email protected], or the
entire information collection request may be found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545-0432.
Type of Review: Extension without change of a currently approved
collection.
Title: Request for Discharge from Personal Liability under Internal
Revenue Code Section 2204 or 6905.
Form: 5495.
Abstract: 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.
Affected Public: Individuals and Households.
Estimated Total Burden Hours: 306,500.
OMB Number: 1545-1841.
Type of Review: Extension without change of a currently approved
collection.
Title: REG-157302-02 (Final), TD 9142 Deemed IRAs in Qualified
Retirement Plans.
Abstract: 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.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 40,000.
OMB Number: 1545-1984.
Type of Review: Extension without change of a currently approved
collection.
Title: Domestic Production Activities Deduction.
Form: 8903.
Abstract: Taxpayers will use the new Form 8903 and related
instructions to calculate the domestic production activities deduction.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 6,450,000.
OMB Number: 1545-1986.
Type of Review: Extension without change of a currently approved
collection.
Title: Notice 2006-47, Elections Created or Effected by the
American Jobs Creation Act of 2004.
Abstract: 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.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 3,034,765.
OMB Number: 1545-1991.
Type of Review: Extension without change of a currently approved
collection.
Title: Installment Payments of Section 1446 Tax for Partnerships.
Form: 8804-W.
Abstract: 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.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 31,600.
OMB Number: 1545-2133.
Type of Review: Extension without change of a currently approved
collection.
[[Page 59707]]
Title: Rev. Proc. 2009-16, Section 168(k)(4) Election Procedures
and Rev. Proc. 2009-33, Section 168(k)(4) Extension Property Elections.
Abstract: Rev. Proc. 2009-16 provides the time and manner for
making the election to apply section 168(k)(4) of the Internal Revenue
Code, for making the allocation of the bonus depreciation amount to
increase certain limitation, and for making the election to apply
section 3081(b) of the Housing and Economic Recovery Act of 2008. It
provides the time and manner for a corporation to make the elections
provided under new section 168(k)(4)(H) of the Internal Revenue Code
with respect to the acceleration of claiming research or alternative
minimum tax credits in lieu of claiming the bonus depreciation
deduction.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 2,700.
OMB Number: 1545-2137.
Type of Review: Extension without change of a currently approved
collection.
Title: Qualified Plug-in Electric Drive Motor Vehicle Credit
(Notice 2009-89).
Form: 8936.
Abstract: This notice sets forth interim guidance, pending the
issuance of regulations, relating to the new qualified plug-in electric
drive motor vehicle credit under Sec. 30D of the Internal Revenue
Code, as in effect for vehicles acquired after December 31, 2009. For
tax years beginning after 2008, use Form 8936 to figure your credit for
qualified plug-in electric drive motor vehicles you placed in service
during your tax year. The credit attributable to depreciable property
(vehicles used for business or investment purposes) is treated as a
general business credit. Any credit not attributable to depreciable
property is treated as a personal credit.
Affected Public: Individuals or Households; Private Sector:
Business or other for-profits.
Estimated Total Burden Hours: 267,780.
OMB Number: 1545-2139.
Type of Review: Extension without change of a currently approved
collection.
Title: Identity Theft Affidavit.
Form: 14039.
Abstract: The primary purpose of the form is to provide a method of
reporting identity theft issues to the IRS so that the IRS may document
situations where individuals are or may be victims of identity theft.
Additional purposes include the use in the determination of proper tax
liability and to relieve taxpayer burden. The information may be
disclosed only as provided by 26 U.S.C. 6103.
Affected Public: Individuals or Households.
Estimated Total Burden Hours: 25,000.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2012-23862 Filed 9-27-12; 8:45 am]
BILLING CODE 4830-01-P