Proposed Collection; Comment Request for Regulation Project, 15382 [E5-1308]
Download as PDF
<![CDATA[
15382
Federal Register / Vol. 70, No. 57 / Friday, March 25, 2005 / Notices
accounting for regulatory reporting
purposes when there is at least a 95
percent change in ownership. This
approach is generally consistent with
accounting interpretations issued by the
staff of the Securities and Exchange
Commission. The OTS requires the use
of push-down accounting when there is
at least a 90 percent change in
ownership.
Dated: March 15, 2005.
Julie L. Williams,
Acting Comptroller of the Currency.
By order of the Board of Governors of the
Federal Reserve System, March 17, 2005.
Jennifer J. Johnson,
Secretary of the Board.
Dated in Washington, DC, this 14th day of
March, 2005.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
Dated: March 14, 2005.
By the Office of Thrift Supervision.
James Gilleran,
Director.
[FR Doc. 05–5931 Filed 3–24–05; 8:45 am]
BILLING CODE 4810–33–P, 6210–01–P, 6714–01–P,
6720–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[PS–4–96]
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 final regulation, PS–4–89 (TD
8743), Sale of Residence From Qualified
Personal Residence Trust (§ 25.2702–5).
DATES: Written comments should be
received on or before May 24, 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
VerDate jul<14>2003
16:11 Mar 24, 2005
Jkt 205001
copies of this regulation should be
directed to R. Joseph Durbala, (202)
622–3634, Internal Revenue Service,
room 6516, 1111 Constitution Avenue
NW., Washington, DC 20224, or through
the Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Sale of Residence From
Qualified Personal Residence Trust.
OMB Number: 1545–1485.
Regulation Project Number: PS–4–96.
Abstract: Internal Revenue Code
section 2702(a)(3) provides special
favorable valuation rules for valuing the
gift of a personal residence trust.
Regulation section 25.2702–5(a)(2)
provides that if the trust fails to comply
with the requirements contained in the
regulations, the trust will be treated as
complying if a statement is attached to
the gift tax return reporting the gift
stating that a proceeding has been
commenced to reform the instrument to
comply with the requirements of the
regulations.
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:
200.
Estimated Time Per Respondent: 3
hours, 7 min.
Estimated Total Annual Burden
Hours: 625 hours.
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
PO 00000
Frm 00107
Fmt 4703
Sfmt 4703
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 23, 2005.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–1308 Filed 3–24–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–164754–01 (NPRM)]
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 final regulation, REG–164754–
01 (NPRM), Split-Dollar Life Insurance
Arrangements.
DATES: Written comments should be
received on or before May 24, 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 regulations should be directed
to R. Joseph Durbala, (202) 622–3634,
Internal Revenue Service, room 6516,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Split-Dollar Life Insurance
Arrangements.
OMB Number: 1545–1792.
Regulation Project Number: REG–
164754–01 (NPRM).
Abstract: The regulations relate to the
income, employment, and gift taxation
of split-dollar life insurance
arrangements. The final regulations
E:\FR\FM\25MRN1.SGM
25MRN1
]]>Agencies
[Federal Register Volume 70, Number 57 (Friday, March 25, 2005)]
[Notices]
[Page 15382]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-1308]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[PS-4-96]
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, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an
existing final regulation, PS-4-89 (TD 8743), Sale of Residence From
Qualified Personal Residence Trust (Sec. 25.2702-5).
DATES: Written comments should be received on or before May 24, 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
Avenue NW., Washington, DC 20224, or through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Sale of Residence From Qualified Personal Residence Trust.
OMB Number: 1545-1485.
Regulation Project Number: PS-4-96.
Abstract: Internal Revenue Code section 2702(a)(3) provides special
favorable valuation rules for valuing the gift of a personal residence
trust. Regulation section 25.2702-5(a)(2) provides that if the trust
fails to comply with the requirements contained in the regulations, the
trust will be treated as complying if a statement is attached to the
gift tax return reporting the gift stating that a proceeding has been
commenced to reform the instrument to comply with the requirements of
the regulations.
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: 200.
Estimated Time Per Respondent: 3 hours, 7 min.
Estimated Total Annual Burden Hours: 625 hours.
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 23, 2005.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-1308 Filed 3-24-05; 8:45 am]
BILLING CODE 4830-01-P
