Proposed Collection; Comment Request for Regulation Project, 15678-15679 [E5-1370]
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15678
Federal Register / Vol. 70, No. 58 / Monday, March 28, 2005 / Notices
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
1042, Annual Withholding Tax Return
for U.S. Source Income of Foreign
Persons, Form 1042–S, Foreign Person’s
U.S. Source Income Subject to
Withholding, and Form 1042–T, Annual
Summary and Transmittal of Forms
1042–S.
DATES: Written comments should be
received on or before May 27, 2005 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Allan Hopkins, at
(202) 622–6665, or at Internal Revenue
Service, room 6516, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the Internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Form 1042, Annual
Withholding Tax Return for U.S. Source
Income of Foreign Persons, Form 1042–
S, Foreign Person’s U.S. Source Income
Subject to Withholding, and Form
1042–T, Annual Summary and
Transmittal of Forms 1042–T.
OMB Number: 1545–0096.
Form Numbers: 1042, 1042–S, and
1042–T.
Abstract: Form 1042 is used by
withholding agents to report tax
withheld at source on payment of
certain income paid to nonresident alien
individuals, foreign partnerships, or
foreign corporations. The IRS uses this
information to verify that the correct
amount of tax has been withheld and
paid to the United States. Form 1042–
S is used to report certain income and
tax withheld information to nonresident
alien payees and beneficial owners.
Form 1042–T is used by withholding
agents to transmit Forms 1042–S to the
IRS.
Current Actions: There are no changes
being made to these forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other for
profit organizations and individuals or
households.
Estimated Number of Respondents:
22,000.
Estimated Time Per Respondent: 48
hours, 2 minutes.
Estimated Total Annual Burden
Hours: 1,056,940.
VerDate jul<14>2003
15:12 Mar 25, 2005
Jkt 205001
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 21, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–1369 Filed 3–25–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[CO–49–88]
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,
PO 00000
Frm 00066
Fmt 4703
Sfmt 4703
Public Law 104–13(44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning an
existing final regulation, CO–49–88 (TD
8546), Limitations on Corporate Net
Operating Loss (§ 1.382–6).
DATES: Written comments should be
received on or before May 27, 2005, to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, room 6512, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations should be
directed to Larnice Mack at Internal
Revenue Service, room 6512, 1111
Constitution Avenue, NW., Washington,
DC 20224, or at (202) 622–3179, or
through the internet at
(Larnice.Mack@irs.gov).
SUPPLEMENTARY INFORMATION:
Title: Limitations on Corporate Net
Operating Loss.
OMB Number: 1545–1381.
Regulation Project Number: CO–49–
88.
Abstract: This regulation provides
rules for the allocation of a loss
corporation’s taxable income or net
operating loss between the periods
before and after ownership change
under section 382 of the Internal
Revenue Code, including an election to
make the allocation based on a closing
of the books as of the change date.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
2,000.
Estimated Time Per Respondent: 0.1
hours.
Estimated Total Annual Burden
Hours: 200.
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
E:\FR\FM\28MRN1.SGM
28MRN1
Federal Register / Vol. 70, No. 58 / Monday, March 28, 2005 / Notices
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 18, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–1370 Filed 3–25–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[Regulation Section 601.201]
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 regulation, 26 CFR 601.201,
Instructions for Requesting Rulings and
Determination Letters.
DATES: Written comments should be
received on or before May 27, 2005 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, room 6516, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the information collection
should be directed to Allan Hopkins, at
(202) 622–6665, or at Internal Revenue
VerDate jul<14>2003
15:12 Mar 25, 2005
Jkt 205001
Service, room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the internet, at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Instructions for Requesting
Rulings and Determination Letters.
OMB Number: 1545–0819.
Regulation Project Number: 26 CFR
601.201.
Abstract: The IRS issues rulings
letters and determination letters to
taxpayers interpreting and applying the
tax laws to a specific set of facts. The
procedural regulations set forth the
instructions for requesting ruling and
determination letters.
Current Actions: There is no change to
the collection of information in this
existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: All taxpayers.
Estimated Number of Respondents:
271,914.
Estimated Time Per Respondent: The
estimated annual burden per respondent
various from 15 minutes to 1 hour,
depending on individual circumstances,
with an estimated of 55 minutes.
Estimated Total Annual Burden
Hours: 248,496.
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
PO 00000
Frm 00067
Fmt 4703
Sfmt 4703
15679
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: March 21, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–1371 Filed 3–25–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 2002–
16
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
Revenue Procedure 2002–16, Optional
Election to Make Monthly Section 706
Allocations.
DATES: Written comments should be
received on or before May 27, 2005, to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations should be
directed to Larnice Mack at Internal
Revenue Service, room 6512, 1111
Constitution Avenue, NW., Washington,
DC 20224, or at (202) 622–3179, or
through the Internet at
Larnice.Mack@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Optional Election to Make
Monthly Section 706 Allocations.
OMB Number: 1545–1768.
Revenue Procedure Number: Revenue
Procedure 2002–16.
Abstract: Revenue Procedure 2002–16
allows certain partnerships with money
market fund partners to make an
optional election to close the
partnership’s books on a monthly basis
with respect to the money market fund
partners.
E:\FR\FM\28MRN1.SGM
28MRN1
]]>Agencies
[Federal Register Volume 70, Number 58 (Monday, March 28, 2005)]
[Notices]
[Pages 15678-15679]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-1370]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[CO-49-88]
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, CO-49-88 (TD 8546), Limitations on Corporate
Net Operating Loss (Sec. 1.382-6).
DATES: Written comments should be received on or before May 27, 2005,
to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn Kirkland, Internal
Revenue Service, room 6512, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulations should be directed to Larnice Mack at
Internal Revenue Service, room 6512, 1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622-3179, or through the internet at
(Larnice.Mack@irs.gov).
SUPPLEMENTARY INFORMATION:
Title: Limitations on Corporate Net Operating Loss.
OMB Number: 1545-1381.
Regulation Project Number: CO-49-88.
Abstract: This regulation provides rules for the allocation of a
loss corporation's taxable income or net operating loss between the
periods before and after ownership change under section 382 of the
Internal Revenue Code, including an election to make the allocation
based on a closing of the books as of the change date.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 2,000.
Estimated Time Per Respondent: 0.1 hours.
Estimated Total Annual Burden Hours: 200.
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
[[Page 15679]]
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 18, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-1370 Filed 3-25-05; 8:45 am]
BILLING CODE 4830-01-P
