[Federal Register Volume 77, Number 206 (Wednesday, October 24, 2012)]
[Notices]
[Pages 65052-65053]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-26113]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
October 18, 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 November 23, 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 maybe found at www.reginfo.gov.
Internal Revenue Service (IRS)
OMB Number: 1545-0193.
Type of Review: Revision of a currently approved collection.
Title: Form 4972--Tax on Lump-Sum Distributions (From Qualified
Retirement Plans of Plan Participants Born Before 1936).
Form: 4972.
Abstract: IRC Section 402(e) allows taxpayers to compute a separate
tax on a lump sum distribution from a qualified retirement plan. Form
4972 is used to correctly figure that tax. The data is used to verify
the correctness of the separate tax. Form 4972 is also used to make the
special 20% capital gain election attributable to pre-1974
participation from the lump-sum distribution.
Affected Public: Private Sector: Businesses or other For-Profit
Institutions.
Estimated Total Burden Hours: 61,257.
OMB Number: 1545-0771.
Type of Review: Extension without change of a currently approved
collection.
[[Page 65053]]
Title: EE-63-88 (Final and temporary regulations) Taxation of
Fringe Benefits and Exclusions From Gross Income for Certain Fringe
Benefits; IA-140-86 (Temporary) Fringe Benefits; Listed Property.
Abstract: This regulation provides guidance on the tax treatment of
taxable and nontaxable fringe benefits and general and specific rules
for the valuation of taxable fringe benefits in accordance with Code
sections 61 and 132. The regulation also provides guidance on
exclusions from gross income for certain fringe benefits. IA-140-86
This regulation provides guidance relating to the requirement that any
deduction or credit with respect to business travel, entertainment, and
gift expenses be substantiated with adequate records in accordance with
Code section 274(d).
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 37,922,688.
OMB Number: 1545-1809.
Type of Review: Extension without change of a currently approved
collection.
Title: Form 8882--Credit for Employer-Provided Child Care
Facilities and Services.
Form: 8882.
Abstract: Qualified employers use Form 8882 to request a credit for
employer-provided child care facilities and services. Section 45F
provides credit based on costs incurred by an employer in providing
childcare facilities and resource and referral services. The credit is
25% of the qualified childcare expenditures plus 10% of the qualified
childcare resource and referral expenditures for the tax year, up to a
maximum credit of $150,000 per tax year.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 2,459,998.
OMB Number: 1545-1996.
Type of Review: Extension without change of a currently approved
collection.
Title: Notice 2006-05, Waiver for Reasonable Cause for Failure to
Report Loan Origination Fees and Capitalized Interest.
Abstract: 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.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 5,000.
OMB Number: 1545-2155.
Type of Review: Extension without change of a currently approved
collection.
Title: TD 9469 (REG-102822-08) Section 108 Reduction of Tax
Attributes for S Corporations.
Abstract: The regulation provides guidance to S corporations that
must reduce their tax attributes under section 108(b) of the Internal
Revenue Code for taxable years in which an S corporation incurs
discharge of indebtedness income that is excluded under section 108(a).
The regulations affect S corporations and their shareholders. The
collection of information in the regulations requires shareholders to
inform the S corporation of a shareholder-level tax attribute that the
S corporation must reduce under section 108(b). Following the tax
attribute reduction, the S corporation must inform the shareholders of
the remaining balance, if any, of the shareholder's tax attribute.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 1,000.
OMB Number: 1545-2205.
Type of Review: Revision of a currently approved collection.
Title: Form 1099-K, Merchant Card and Third Party Payments.
Abstract: This form is in response to section 3091(a) of Public Law
110-289, the Housing Assistance Tax Act of 2008 (Div. C of the Housing
and Economic Recovery Act of 2010). The form reflects payments made in
settlement of merchant card and third party network transactions for
purchases of goods and/or services made with merchant cards and through
third party networks.
Affected Public: Private Sector: Business or other for-profits.
Estimated Total Burden Hours: 18,298.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2012-26113 Filed 10-23-12; 8:45 am]
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