Proposed Collection; Comment Request for Form 3115, 15680-15681 [E5-1376]
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15680
Federal Register / Vol. 70, No. 58 / Monday, March 28, 2005 / Notices
Current Actions: There are no changes
being made to the revenue procedure at
this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents/
Recordkeepers: 1,000.
Estimated Time Per Respondent/
Recordkeeper: 12 hours.
Estimated Total Annual Reporting/
Recordkeeping Hours: 12,000.
The following paragraph applies to all
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 16, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–1374 Filed 3–25–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–209484–87]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
AGENCY:
VerDate jul<14>2003
15:12 Mar 25, 2005
Jkt 205001
Notice and request for
comments.
ACTION:
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–209484–
87 (TD 8814), Federal Insurance
Contributions Act (FICA) Taxation of
Amounts Under Employee Benefit Plans
(§ 31.3121(v)(2)-1).
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: Federal Insurance Contributions
Act (FICA) Taxation of Amounts Under
Employee Benefits Plan.
OMB Number: 1545–1643.
Regulation Project Number: REG–
209484–87.
Abstract: This regulation provides
guidance as to when amounts deferred
under or paid from a nonqualified
deferred compensation plan are taken
into account as wages for purposes of
the employment taxes imposed by the
Federal Insurance Compensation Act
(FICA).
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 and not-for-profit
institutions.
Estimated Number of Respondents:
2,500.
Estimated Time Per Respondent: 5
hours.
Estimated Total Annual Burden
Hours: 12,500.
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
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Fmt 4703
Sfmt 4703
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 18, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–1375 Filed 3–25–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 3115
Internal Revenue Service (IRS),
Treasury.
AGENCY:
Notice and request for
comments.
ACTION:
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 Form
3115, Application for Change in
Accounting Method.
E:\FR\FM\28MRN1.SGM
28MRN1
Federal Register / Vol. 70, No. 58 / Monday, March 28, 2005 / Notices
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.
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.
SUPPLEMENTARY INFORMATION:
BILLING CODE 4830–01–P
DATES:
Title: Application for Change in
Accounting Method.
OMB Number: 1545–0152.
Form Number: 3115.
Abstract: Form 3115 is used by
taxpayers who wish to change their
method of computing their taxable
income. The form is used by the IRS to
determine if electing taxpayers have met
the requirements and are able to change
to the method requested.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals, notfor-profit organizations, and farms.
Estimated Number of Respondents:
25,000.
Estimated Time Per Respondent: 53
hrs., 33 min.
Estimated Total Annual Burden
Hours: 1,388,850.
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
VerDate jul<14>2003
15:12 Mar 25, 2005
Jkt 205001
Approved: March 18, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–1376 Filed 3–25–05; 8:45 am]
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
[Docket No. 05–08]
Office of Thrift Supervision
[No. 2005–14]
FEDERAL RESERVE SYSTEM
[Docket No. OP–1227]
FEDERAL DEPOSIT INSURANCE
CORPORATION
Interagency Proposal on the
Classification of Commercial Credit
Exposures
AGENCIES: Office of the Comptroller of
the Currency, Treasury, (OCC); Board of
Governors of the Federal Reserve
System (Board); Federal Deposit
Insurance Corporation (FDIC); and
Office of Thrift Supervision, Treasury,
(OTS).
ACTION: Joint notice and request for
comment.
SUMMARY: The OCC, Board, FDIC, and
OTS (the agencies) request comment on
their proposal to revise the classification
system for commercial credit exposures.
The proposal will replace the current
commercial loan classification system
categories ‘‘special mention,’’
‘‘substandard,’’ and ‘‘doubtful’’ with a
two-dimensional based framework. The
proposed framework would be used by
institutions and supervisors for the
uniform classification of commercial
and industrial loans; leases; receivables;
mortgages; and other extensions of
credit made for business purposes by
federally insured depository institutions
and their subsidiaries (institutions),
based on an assessment of borrower
creditworthiness and estimated loss
severity. The proposed framework
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15681
would not modify the interagency
classification of retail credit as stated in
the ‘‘Uniform Retail Credit
Classification and Account Management
Policy Statement,’’ issued in February
2000. However, by creating a new
treatment for commercial loan
exposures, the proposed framework
would modify Part I of the ‘‘Revised
Uniform Agreement on the
Classification of Assets and Appraisal of
Securities Held by Banks and Thrifts’
issued in June 2004.
This proposal is intended to enhance
the methodology used to systematically
assess the level of credit risk posed by
individual commercial extensions of
credit and the level of an institution’s
aggregate commercial credit risk.
DATES: Comments must be received by
June 30, 2005.
ADDRESSES: Interested parties are
invited to submit written comments to
any or all of the agencies. All comments
will be shared among the agencies.
Comments should be directed to:
OCC: You should include OCC and
Docket Number 05–08 in your comment.
You may submit comments by any of
the following methods:
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• OCC Web Site: https://
www.occ.treas.gov. Click on ‘‘Contact
the OCC,’’ scroll down and click on
‘‘Comments on Proposed Regulations.’’
• E-mail address:
regs.comments@occ.treas.gov.
• Fax: (202) 874–4448.
• Mail: Office of the Comptroller of
the Currency, 250 E Street, SW., Mail
Stop 1–5, Washington, DC 20219.
• Hand Delivery/Courier: 250 E
Street, SW., Attn: Public Information
Room, Mail Stop 1–5, Washington, DC
20219.
Instructions: All submissions received
must include the agency name (OCC)
and docket number or Regulatory
Information Number (RIN) for this
notice of proposed rulemaking. In
general, OCC will enter all comments
received into the docket without
change, including any business or
personal information that you provide.
You may review comments and other
related materials by any of the following
methods:
• Viewing Comments Personally: You
may personally inspect and photocopy
comments at the OCC’s Public
Information Room, 250 E Street, SW.,
Washington, DC. You can make an
appointment to inspect comments by
calling (202) 874–5043.
• Viewing Comments Electronically:
You may request e-mail or CD–ROM
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]]>Agencies
[Federal Register Volume 70, Number 58 (Monday, March 28, 2005)]
[Notices]
[Pages 15680-15681]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-1376]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 3115
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
Form 3115, Application for Change in Accounting Method.
[[Page 15681]]
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: Application for Change in Accounting Method.
OMB Number: 1545-0152.
Form Number: 3115.
Abstract: Form 3115 is used by taxpayers who wish to change their
method of computing their taxable income. The form is used by the IRS
to determine if electing taxpayers have met the requirements and are
able to change to the method requested.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals, not-for-profit organizations, and farms.
Estimated Number of Respondents: 25,000.
Estimated Time Per Respondent: 53 hrs., 33 min.
Estimated Total Annual Burden Hours: 1,388,850.
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 18, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-1376 Filed 3-25-05; 8:45 am]
BILLING CODE 4830-01-P
