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Submission for OMB Review; Comment Request

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Information about this document as published in the Federal Register.

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Start Preamble February 19, 2010.

The Department of the Treasury will submit the following public information collection requirements 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. A copy of the submissions may be obtained by calling the Treasury Bureau Clearance Officer listed. Comments regarding these information collections should be addressed to the OMB reviewer listed and to the Treasury PRA Clearance Officer, Department of the Treasury, 1750 Pennsylvania Avenue, NW., Suite 11010, Washington, DC 20220.

DATES:

Written comments should be received on or before March 29, 2010 to be assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545-0002.

Type of Review: Extension of a currently approved collection.

Title: Employee Representative's Quarterly Railroad Tax Return.

Form: CT-2.

Description: Employee representatives file Form CT-2 quarterly to report compensation on which railroad retirement taxes are due. IRS uses this information to ensure that employee representatives have paid the correct tax. Form CT-2 also transmits the tax payment.

Respondents: Individuals or Households.

Estimated total burden hours: 127 hours.

OMB Number: 1545-0794.

Type of Review: Extension of a currently approved collection.

Title: LR-311-81, Final (TD 7925) Penalties for Underpayment of Deposits and Overstated Deposit Claims, and Time for Filing Information Returns of Owners, Officers and Directors of Foreign Corporations.

Description: Section 6046 requires information returns with respect to certain foreign corporations and the regulations provide the date by which these returns must be filed.

Respondents: Businesses or other for-profits, Not-for-profit institutions.

Estimated total burden hours: 1 hour.

OMB Number: 1545-0946.

Type of Review: Extension of a currently approved collection.

Title: Application for Renewal of Enrollment To Practice before the Internal Revenue Service Form: 8854; 8554-EP.

Description: This information relates to the approval of continuing professional education programs and the renewal of the enrollment status for those individuals admitted (enrolled) by the Internal Revenue Service.

Respondents: Individuals or Households.

Estimated total burden hours: 48,000 hours.

OMB Number: 1545-1697.

Type of Review: Extension of a currently approved collection.

Title: Revenue Procedure 2000-35 Section 1445 Withholding Certificates.

Description: Revenue Procedure 2000-35 provides guidance concerning applications for withholding certificates under Code section 1445.

Respondents: Businesses or other for-profits.

Estimated total burden hours: 60,000 hours.

OMB Number: 1545-1573.

Type of Review: Extension of a currently approved collection.

Title: REG-130477-00; REG-130481-00 (Final), Required Distributions from Retirement Plans.

Description: The regulation permits a taxpayer to name a trust as the beneficiary of the employee's benefit under a retirement plan and use the life expectancies of the beneficiaries of the trust to determine the required minimum distribution, if certain conditions are satisfied.

Respondents: Individuals or Households.

Estimated total burden hours: 333 hours.

OMB Number: 1545-1550.

Type of Review: Extension of a currently approved collection.

Title: Notice 97-45, Highly Compensated Employee Definition.

Description: This notice provides guidance on the definition of a highly compensated employee within the meaning of section 414(q) of the Internal Revenue Code as simplified by section 1431 of the Small Business Job Protection Act of 1996, including an employer's option to make a top-paid group election under section 414(q)(1)(B)(ii).

Respondents: Businesses or other for-profits.

Estimated total burden hours: 65,605 hours.

OMB Number: 1545-1096.

Type of Review: Extension of a currently approved collection.

Title: Excise Tax Program Order Blank for Forms and Publications.

Form: 9117.

Description: Form 9117 allows taxpayers who must file Form 720 returns a systemic way to order additional tax forms and informational publications.

Respondents: Businesses or other for-profits.

Estimated total burden hours: 500 hours.

OMB Number: 1545-1701.Start Printed Page 9023

Type of Review: Extension of a currently approved collection.

Title: Revenue Procedure 2000-37 Reverse Like-kind Exchanges.

Description: The revenue procedure provides a safe harbor for reverse like-kind exchanges under which a transaction using a “qualified exchange accommodation arrangement” will qualify for non-recognition treatment under Sec. 1031 of the Internal Revenue Code.

Respondents: Businesses or other for-profits.

Estimated total burden hours: 3,200 hours.

OMB Number: 1545-1851.

Type of Review: Extension of a currently approved collection.

Title: REG-124312-02 (Final) Golden Parachute Payments.

Description: These regulations deny a deduction for excess parachute payments. A parachute payment is a payment in the nature of compensation to a disqualified individual that is contingent on a change in ownership or control of a corporation. Certain payments, including payments from a small corporation, are exempt from the definition of parachute payment if certain requirements are met (such as shareholder approval and disclosure requirements).

Respondents: Businesses or other for-profits.

Estimated total burden hours: 12,000 hours.

OMB Number: 1545-2023.

Type of Review: Extension of a currently approved collection.

Title: Modernized e-File—Non-compliance with Mandate for Large Corporations to file electronically.

Description: Service will contact those taxpayers who file paper income tax returns to determine if these taxpayers should have filed electronic returns under the Mandate, Treasury Regulation Section 301.6011-5T.

Respondents: Businesses or other for-profits.

Estimated total burden hours: 2,080 hours.

OMB Number: 1545-1711.

Type of Review: Extension of a currently approved collection.

Title: REG-116050-99 (final) Stock Transfer Rules: Carryover of Earnings and Taxes.

Description: This document contains final regulations addressing the carryover of certain attributes, such as earnings and profits and foreign income tax accounts, when two corporations combine in a corporate reorganization or liquidation that is described in both section 367(b) and section 381 of the Internal Revenue Code.

Respondents: Businesses or other for-profits.

Estimated total burden hours: 1,800 hours.

OMB Number: 1545-1034.

Type of Review: Extension of a currently approved collection.

Title: Passive Activity Credit Limitations.

Form: 8582-CR.

Description: Under section 469, credits from passive activities, to the extent they do not exceed the tax attributable to net passive income, are not allowed. Form 8582-CR is used to figure the passive activity credit allowed and the amount of credit to be reported on the tax return.

Respondents: Individuals or Households.

Estimated total burden hours: 2,370,600 hours.

OMB Number: 1545-2027.

Type of Review: Extension of a currently approved collection.

Title: ADA Accommodations Request Packet.

Description: It is necessary to collect this information so that ADA applicant may receive reasonable accommodation, as needed, to take the Special Enrollment Examination. We are utilizing the vendor's survey which complies with the ADA and the Rehabilitation Act of 1978.

Respondents: Individuals or Households.

Estimated total burden hours: 500 hours.

Bureau Clearance Officer: R. Joseph Durbala, Internal Revenue Service, 1111 Constitution Avenue, NW., Room 6129, Washington, DC 20224; (202) 622-3634.

OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395-7873.

Start Signature

Celina Elphage,

Treasury PRA Clearance Officer.

End Signature End Preamble

[FR Doc. 2010-3948 Filed 2-25-10; 8:45 am]

BILLING CODE 4830-01-P