1513-0003 FR Notice

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Federal Register / Vol. 75, No. 187 / Tuesday, September 28, 2010 / Notices
Form: 1120–C.
Abstract: IRS Code section 1381
requires subchapter T cooperatives to
file returns. Previously, farmers’
cooperatives filed Form 990–C and
other subchapter T cooperatives filed
Form 1120. If the subchapter T
cooperative does not meet certain
requirements, the due date of their
return is two and one-half months after
the end of their tax year which is the
same as the due date for all other
corporations. The due date for income
tax returns filed by subchapter T
cooperatives who meet certain
requirements is eight and one-half
months after the end of their tax year.
Cooperatives who filed their income tax
returns on Form 1120 were considered
to be late and penalties were assessed
since they had not filed by the normal
due date for Form 1120. Due to the
assessment of the penalties, burden was
placed on the taxpayer and on the IRS
employees to resolve the issue.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
430,400 hours.
OMB Number: 1545–1287.
Type of Review: Extension without
change to a currently approved
collection.
Title: FI–3–91 (TD 8456—Final)
Capitalization of Certain Policy
Acquisition Expenses.
Abstract: Insurance companies that
enter into reinsurance agreement must
determine the amounts to be capitalized
under those agreements consistently.
The regulations provide elections to
permit companies to shift the burden of
capitalization for their mutual benefit.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 2,070
hours.
OMB Number: 1545–1138.
Type of Review: Extension without
change to a currently approved
collection.
Title: INTL–955–86 (Final)
Requirements For Investments to
Qualify under Section 936(d)(4) as
Investments in Qualified Caribbean
Basin Countries.
Abstract: The collection of
information is required by the Internal
Revenue Service to verify that an
investment qualifies under IRC section
936(d)(4). The recordkeepers will be
possession corporations, certain
financial institutions located in Puerto
Rico, and borrowers of funds covered by
this regulation.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours: 1,500
hours.

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OMB Number: 1545–1308.
Type of Review: Extension without
change to a currently approved
collection.
Title: PS–260–82 (Final) Election,
Revocation, Termination, and Tax Effect
of Subchapter S Status—TD 8449.
Abstract: Section 1–1362 through
1.1362–7 of the Income Tax Regulations
provide the specific procedures and
requirements necessary to implement
section 1362, including the filing of
various elections and statements with
the Internal Revenue Service.
Respondents: Individuals or
households.
Estimated Total Burden Hours: 322
hours.
OMB Number: 1545–0122.
Type of Review: Extension without
change to a currently approved
collection.
Title: Foreign Tax Credit
Corporations.
Form: 1118 (Schedule I, J, K).
Abstract: Form 1118 and separate
Schedules I, J, and K are used by
domestic and foreign corporations to
claim a credit for taxes paid to foreign
countries. The IRS uses Form 1118 and
related schedules to determine if the
corporation has computed the foreign
tax credit correctly.
Respondents: Private Sector:
Businesses or other for-profits.
Estimated Total Burden Hours:
3,483,016 hours.
OMB Number: 1545–0191.
Type of Review: Extension without
change to a currently approved
collection.
Title: Investment Interest Expense
Deduction.
Form: 4952.
Abstract: Internal Revenue Code
section 163(d) provides a limitation on
individuals, estates, or trusts that paid
or accrued interest on investment
indebtedness. Form 4952 is used to
accumulate a taxpayer’s interest from all
sources and provides a line-by-line
computation of the allowable deduction
for investment interest.
Respondents: Individuals or
households.
Estimated Total Burden Hours:
205,596 hours.
OMB Number: 1545–1072.
Type of Review: Extension without
change to a currently approved
collection.
Title: INTL–952–86 (TD 8410–Final)
Allocation and Apportionment of
Interest Expense and Certain Other
Expenses.
Abstract: The regulations provide
rules concerning the allocation and
apportionment of expenses to foreign
source income for purposes of the
foreign tax credit and other provisions.

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Respondents: Individuals or
households.
Estimated Total Burden Hours: 3,750
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.
Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. 2010–24213 Filed 9–27–10; 8:45 am]
BILLING CODE 4810–01–P

DEPARTMENT OF THE TREASURY
Alcohol and Tobacco Tax and Trade
Bureau
Proposed Information Collections;
Comment Request
Alcohol and Tobacco Tax and
Trade Bureau, Treasury.
ACTION: Notice and request for
comments.
AGENCY:

As part of our continuing
effort to reduce paperwork and
respondent burden, and as required by
the Paperwork Reduction Act of 1995,
we invite comments on the proposed or
continuing information collections
listed below in this notice.
DATES: We must receive your written
comments on or before November 29,
2010.
SUMMARY:

You may send comments to
Mary A. Wood, Alcohol and Tobacco
Tax and Trade Bureau, at any of these
addresses:
• P.O. Box 14412, Washington, DC
20044–4412;
• 202–453–2686 (facsimile); or
• [email protected] (e-mail).
Please send separate comments for
each specific information collection
listed below. You must reference the
information collection’s title, form or
recordkeeping requirement number, and
OMB number (if any) in your comment.
If you submit your comment via
facsimile, send no more than five 8.5 x
11 inch pages in order to ensure
electronic access to our equipment.
FOR FURTHER INFORMATION CONTACT: To
obtain additional information, copies of
the information collection and its
instructions, or copies of any comments
received, contact Mary A. Wood,
Alcohol and Tobacco Tax and Trade
Bureau, P.O. Box 14412, Washington,
DC 20044–4412; or telephone 202–453–
2265.
ADDRESSES:

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59798

Federal Register / Vol. 75, No. 187 / Tuesday, September 28, 2010 / Notices

SUPPLEMENTARY INFORMATION:

Request for Comments
The Department of the Treasury and
its Alcohol and Tobacco Tax and Trade
Bureau (TTB), as part of their
continuing effort to reduce paperwork
and respondent burden, invite the
general public and other Federal
agencies to comment on the proposed or
continuing information collections
listed below in this notice, as required
by the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.).
Comments submitted in response to
this notice will be included or
summarized in our request for Office of
Management and Budget (OMB)
approval of the relevant information
collection. All comments are part of the
public record and subject to disclosure.
Please not do include any confidential
or inappropriate material in your
comments.
We invite comments on: (a) Whether
this information collection is necessary
for the proper performance of the
agency’s functions, including whether
the information has practical utility; (b)
the accuracy of the agency’s estimate of
the information collection’s burden; (c)
ways to enhance the quality, utility, and
clarity of the information collected; (d)
ways to minimize the information
collection’s burden on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and (e)
estimates of capital or start-up costs and
costs of operation, maintenance, and
purchase of services to provide the
requested information.

srobinson on DSKHWCL6B1PROD with NOTICES

Information Collections Open for
Comment
Currently, we are seeking comments
on the following forms and
recordkeeping requirements:
Title: Tax Information Authorization.
OMB Control Number: 1513–0001.
TTB Form Numbers: 5000.19.
Abstract: TTB F 5000.19 is required
by TTB to be filed when a respondent’s
representative, not having a power of
attorney, wishes to obtain confidential
information regarding the respondent.
After proper completion of the form,
information can be released to the
representative. TTB uses this form to
properly identify the representative and
his/her authority to obtain confidential
information.
Current Actions: We are submitting
this information collection for extension
purposes only. The information
collection, estimated number of
respondents, and estimated total annual
burden hours remain unchanged.

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Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit; Individuals or Households.
Estimated Number of Respondents:
50.
Estimated Total Annual Burden
Hours: 50.
Title: Referral of Information.
OMB Control Number: 1513–0003.
TTB Form Numbers: 5000.21.
Abstract: When we discover potential
violations of Federal, State, or local law,
we use TTB F 5000.21 to make referrals
to Federal, State, or local agencies to
determine if they plan to take action,
and to internally refer potential
violations of TTB administered statutes.
We also use TTB F 5000.21 to evaluate
the effectiveness of these referrals.
Current Actions: We are submitting
this information collection for extension
purposes only. The information
collection, estimated number of
respondents, and estimated total annual
burden hours remain unchanged.
Type of Review: Extension of a
currently approved collection.
Affected Public: Federal Government;
State, Local, or Tribal Government.
Estimated Number of Respondents:
500.
Estimated Total Annual Burden
Hours: 500.
Title: Notice of Release of Tobacco
Products, Cigarette Papers, or Cigarette
Tubes.
OMB Control Number: 1513–0025.
TTB Form Number: 5200.11.
Abstract: This form documents the
release of tobacco products and cigarette
papers and tubes from Customs custody,
and the return of such articles, to a
manufacturer or export warehouse
proprietor for use in the United States.
The form is also used to ensure
compliance with laws and regulations at
the time of these transactions and for
post audit examinations.
Current Actions: We are submitting
this information collection for extension
purposes only. The information
collection, estimated number of
respondents, and estimated total annual
burden hours remain unchanged.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
268.
Estimated Total Annual Burden
Hours: 536.
Title: Usual and Customary Business
Records Maintained by Brewers.
OMB Control Number: 1513–0058.
TTB Recordkeeping Number: 5130/1.
Abstract: TTB audits brewers’ records
to verify production of beer and cereal

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beverages and to verify the quantity of
beer removed subject to tax and
removed without payment of tax. TTB
believes that these records would be
normally kept in the course of doing
business.
Current Actions: We are submitting
this information collection for extension
purposes only. The information
collection, estimated number of
respondents, and estimated total annual
burden hours remain unchanged.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
2,026.
Estimated Total Annual Burden
Hours: One (1).
Title: Recordkeeping for Tobacco
Products Removed in Bond from a
Manufacturer’s Premises for
Experimental Purposes—27 CFR
40.232(e).
OMB Control Number: 1513–0110.
TTB Form Number: None.
TTB Recordkeeping Number: None.
Abstract: The prescribed records
apply to manufacturers who ship
tobacco products in bond for
experimental purposes. TTB can
examine these records to determine that
the proprietor has complied with law
and regulations that allow such tobacco
products to be shipped in bond for
experimental purposes without payment
of the excise tax.
Current Actions: We are submitting
this information collection request for
extension purposes only. The
information collection, estimated
number of respondents, and estimated
total annual burden hours remain
unchanged.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents:
170.
Estimated Total Annual Burden
Hours: One (1).
Dated: September 21, 2010.
Gerald Isenberg,
Director, Regulations and Rulings Division.
[FR Doc. 2010–24328 Filed 9–27–10; 8:45 am]
BILLING CODE 4810–31–P

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