Proposed Collection; Comment Request for Regulation Project, 12953-12954 [05-5226]
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Federal Register / Vol. 70, No. 50 / Wednesday, March 16, 2005 / Notices
Estimated Number of Responses:
430,400.
Estimated Time Per Respondent: 5
hours, 34 minutes.
Estimated Total Annual Burden
Hours: 2,762,588.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information 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 information.
Approved: March 9, 2005.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 05–5109 Filed 3–15–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–107644–98 (Final)]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
VerDate jul<14>2003
16:45 Mar 15, 2005
Jkt 205001
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning an
existing notice of proposed rulemaking,
REG–107644–98 (Final), Dollar-Value
LIFO Regulations; Inventory Price Index
Computation Method.
DATES: Written comments should be
received on or before May 16, 2005, to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. Kirkland, Internal Revenue
Service, room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of regulation should be directed
to R. Joseph Durbala at the Internal
Revenue Service, room 6516, 1111
Constitution Avenue, NW., Washington,
DC 20224, by phone at (202) 622–3634,
or on the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Dollar-Value LIFO Regulations;
Inventory Price Index Computation
Method.
OMB Number: 1545–1767.
Regulation Project Number: REG–
107644–98 (Final).
Abstract: Section 1.472–2 of the
Income Tax Regulations requires a
taxpayer to file an application to use the
LIFO inventory method. Section 1.472–
3(a) requires an electing taxpayer to
attach a statement with its Federal
income tax return for the year of
election. This statement generally must
be made on Form 970, Application To
Use LIFO Inventory Method. Section
1.472–8(e)(5) of the existing regulations
and section 1.472–8(e)(iv)(A) of the final
regulations provide that a taxpayer may
use the IPIC method only if its election
appears on Form 970. In addition,
§ 1.472–8(e)(iii)(B)(3) of the final
regulations requires a taxpayer that
elects to use a representative
appropriate month to indicate its
election on Form 970.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit.
Estimated Number of Respondents: 1.
Estimated Time per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 1.
PO 00000
Frm 00118
Fmt 4703
Sfmt 4703
12953
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information 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 information.
Approved: March 7, 2005.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 05–5112 Filed 3–15–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[IA–5–92]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
E:\FR\FM\16MRN1.SGM
16MRN1
12954
Federal Register / Vol. 70, No. 50 / Wednesday, March 16, 2005 / Notices
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning an
existing final regulation, IA–5–92, (TD
8537), Carryover of Passive Activity
Losses and Credits and At-Risk Losses
to Bankruptcy Estates of Individuals
(§§ 1.1398–1 and 1.1398–2).
DATES: Written comments should be
received on or before May 16, 2005 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. Kirkland, Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this regulation should be
directed to R. Joseph Durbala, (202)
622–3634, Internal Revenue Service,
Room 6516, 1111 Constitution Ave.,
NW., Washington, DC 20224, or through
the Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION: Title:
Carryover of Passive Activity Losses and
Credits and At Risk Losses to
Bankruptcy Estates for Individuals.
OMB Number: 1545–1375.
Regulation Project Number: IA–54–
92.
Abstract: These regulations provide
rules for the carryover of a debtor’s
passive activity loss and credit under
section 469 and any ‘‘at risk’’ losses
under section 465 to the bankruptcy
estate. The regulations apply to cases
under chapter 7 or chapter 11 of title 11
of the United States Code.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
600,000.
Estimated Time Per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 600,000.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
VerDate jul<14>2003
16:45 Mar 15, 2005
Jkt 205001
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information 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 information.
Approved: March 11, 2005.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 05–5226 Filed 3–15–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–209106–89]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning an
existing notice of proposed rulemaking,
REG–209106–89, Changes With Respect
to Prizes and Awards and Employee
Achievement Awards (§ 1.74–1(c)).
DATES: Written comments should be
received on or before May 16, 2005 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. Kirkland, Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of regulation should be directed
to R. Joseph Durbala, (202) 622–3634,
PO 00000
Frm 00119
Fmt 4703
Sfmt 4703
Internal Revenue Service, Room 5242,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION: Title:
Changes With Respect to Prizes and
Awards and Employee Achievement
Awards.
OMB Number: 1545–1100.
Regulation Project Number: REG–
209106–89 (formerly EE–84–89).
Abstract: This regulation requires
recipients of prizes and awards to
maintain records to determine whether
a qualifying designation has been made
in accordance with section 74(b)(3) of
the Internal Revenue Code. The affected
public are prize and award recipients
who seek to exclude the cost of a
qualifying prize or award.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
5,100.
Estimated Time Per Respondent: 15
minutes.
Estimated Total Annual Burden
Hours: 1,275.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
E:\FR\FM\16MRN1.SGM
16MRN1
]]>Agencies
[Federal Register Volume 70, Number 50 (Wednesday, March 16, 2005)]
[Notices]
[Pages 12953-12954]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-5226]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[IA-5-92]
Proposed Collection; Comment Request for Regulation Project
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995,
[[Page 12954]]
Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning an existing final regulation, IA-5-92,
(TD 8537), Carryover of Passive Activity Losses and Credits and At-Risk
Losses to Bankruptcy Estates of Individuals (Sec. Sec. 1.1398-1 and
1.1398-2).
DATES: Written comments should be received on or before May 16, 2005 to
be assured of consideration.
ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal
Revenue Service, Room 6516, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this regulation should be directed to R. Joseph Durbala,
(202) 622-3634, Internal Revenue Service, Room 6516, 1111 Constitution
Ave., NW., Washington, DC 20224, or through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION: Title: Carryover of Passive Activity Losses
and Credits and At Risk Losses to Bankruptcy Estates for Individuals.
OMB Number: 1545-1375.
Regulation Project Number: IA-54-92.
Abstract: These regulations provide rules for the carryover of a
debtor's passive activity loss and credit under section 469 and any
``at risk'' losses under section 465 to the bankruptcy estate. The
regulations apply to cases under chapter 7 or chapter 11 of title 11 of
the United States Code.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 600,000.
Estimated Time Per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 600,000.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information 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 information.
Approved: March 11, 2005.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 05-5226 Filed 3-15-05; 8:45 am]
BILLING CODE 4830-01-P
