Proposed Collection; Comment Request for Regulation Project, 19148-19149 [E5-1708]

Download as PDF 19148 Federal Register / Vol. 70, No. 69 / Tuesday, April 12, 2005 / Notices 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: April 4, 2005. Glenn Kirkland, IRS Reports Clearance Officer. [FR Doc. E5–1706 Filed 4–11–05; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 637 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 Form 637, Application for Registration (For Certain Excise Tax Activities). DATES: Written comments should be received on or before June 13, 2005 to be assured of consideration. ADDRESSES: Direct all written comments to Glenn Kirkland, Internal Revenue VerDate jul<14>2003 16:48 Apr 11, 2005 Jkt 205001 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 SUPPLEMENTARY INFORMATION: through the use of automated collection Title: Application for Registration (For techniques or other forms of information Certain Excise Tax Activities). technology; and (e) estimates of capital OMB Number: 1545–0014. or start-up costs and costs of operation, Form Number: Form 637. maintenance, and purchase of services Abstract: Form 637 is used to apply to provide information. for excise tax registration. The Approved: March 31, 2005. registration applies to a person required Glenn Kirkland, to be registered under Revenue code section 4101 for purposes of the federal IRS Reports Clearance Officer. excise tax on taxable fuel imposed [FR Doc. E5–1707 Filed 4–11–05; 8:45 am] under Code sections 4041 and 4071; and BILLING CODE 4830–01–P to certain manufacturers or sellers and purchasers that must register under Code section 4222 to be exempt from DEPARTMENT OF THE TREASURY the excise tax on taxable articles. The Internal Revenue Service data is used to determine if the applicant qualifies for the exemption. [PS–7–89] Taxable fuel producers are required by Code section 4101 to register with the Proposed Collection; Comment Service before incurring any tax Request for Regulation Project liability. Current Actions: There are no changes AGENCY: Internal Revenue Service (IRS), Treasury. being made to the form at this time. ACTION: Notice and request for Type of Review: Extension of a comments. currently approved collection. Affected Public: Business or other for- SUMMARY: The Department of the profit organizations, and not-for-profit Treasury, as part of its continuing effort institutions, and farms. to reduce paperwork and respondent Estimated Number of Respondents: burden, invites the general public and 2,000. other Federal agencies to take this Estimated Time Per Respondent: 13 opportunity to comment on proposed hr., 54 min. and/or continuing information Estimated Total Annual Burden collections, as required by the Hours: 27,800. Paperwork Reduction Act of 1995, The following paragraph applies to all Public Law 104–13(44 U.S.C. of the collections of information covered 3506(c)(2)(A)). Currently, the IRS is by this notice: soliciting comments concerning an An agency may not conduct or existing final regulation, PS–7–89 (TD sponsor, and a person is not required to 8684), Treatment of Gain From the respond to, a collection of information Disposition of Interest in Certain unless the collection of information Natural Resource Recapture Property by displays a valid OMB control number. S Corporations and Their Shareholders Books or records relating to a collection (§ 1.1254–4). of information must be retained as long DATES: Written comments should be as their contents may become material received on or before June 13, 2005 to in the administration of any internal be assured of consideration. revenue law. Generally, tax returns and ADDRESSES: Direct all written comments tax return information are confidential, to Glenn Kirkland, Internal Revenue as required by 26 U.S.C. 6103. Service, Room 6516, 1111 Constitution Request for Comments Avenue NW., Washington, DC 20224. Comments submitted in response to FOR FURTHER INFORMATION CONTACT: this notice will be summarized and/or Requests for additional information or included in the request for OMB copies of the information collection approval. All comments will become a should be directed to Allan Hopkins, at matter of public record. Comments are (202) 622–6665, or at 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. PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 E:\FR\FM\12APN1.SGM 12APN1 Federal Register / Vol. 70, No. 69 / Tuesday, April 12, 2005 / Notices Service, Room 6516, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet, at Allan.M.Hopkins@irs.gov. Title: Treatment of Gain From the Disposition of Interest in Certain Natural Resource Recapture Property by S Corporations and Their Shareholders. OMB Number: 1545–1493. Regulation Project Number: PS–7–89. Abstract: This regulation prescribes rules under Code section 1254 relating to the treatment by S corporations and their shareholders of gain from the disposition of natural resource recapture property and from the sale or exchange of S corporation stock. Section 1.1254– 4(c)(2) of the regulation provides that gain recognized on the sale or exchange of S corporation stock is not treated as ordinary income if the shareholder attaches a statement to his or her return containing information establishing that the gain is not attributable to section 1254 costs. 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 organizations, and individuals. Estimated Number of Respondents: 1,000. Estimated Time Per Respondent: 1 hour. Estimated Total Annual Burden Hours: 1,000. 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 SUPPLEMENTARY INFORMATION: VerDate jul<14>2003 16:48 Apr 11, 2005 Jkt 205001 19149 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. FOR FURTHER INFORMATION CONTACT: Approved: April 5, 2005. Glenn Kirkland, IRS Reports Clearance Officer. [FR Doc. E5–1708 Filed 4–11–05; 8:45 am] OTS may not conduct or sponsor an information collection, and respondents are not required to respond to an information collection, unless the information collection displays a currently valid OMB control number. As part of the approval process, we invite comments on the following information collection. Comments should address one or more of the following points: a. Whether the proposed collection of information is necessary for the proper performance of the functions of OTS; b. The accuracy of OTS’s estimate of the burden of the proposed information collection; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of the information collection on respondents, including through the use of information technology. We will summarize the comments that we receive and include them in the OTS request for OMB approval. All comments will become a matter of public record. In this notice, OTS is soliciting comments concerning the following information collection. Title of Proposal: Amendment of a Savings Association’s Bylaws. OMB Number: 1550–0017. Form Number: N/A. Regulation requirement: 12 CFR parts 544 and 552. Description: 12 CFR parts 544 and 552 require federally chartered savings associations to obtain agency approval of any changes in their bylaws that are not preapproved by regulation. Type of Review: Reinstatement. Affected Public: Savings Associations. Estimated Number of Respondents: 9. Estimated Burden Hours per Response: 8 hours. Estimated Frequency of Response: Event-generated. Estimated Total Burden: 72 hours. Clearance Officer: Marilyn K. Burton, (202) 906–6467, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. OMB Reviewer: Mark Menchik, (202) 395–3176, Office of Management and Budget, Room 10236, New Executive Office Building, Washington, DC 20503. BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Office of Thrift Supervision Proposed Agency Information Collection Activities; Comment Request—Bylaw Amendments Office of Thrift Supervision (OTS), Treasury. ACTION: Notice and request for comment. 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 comment on proposed and continuing information collections, as required by the Paperwork Reduction Act of 1995, 44 U.S.C. 3507. The Office of Thrift Supervision within the Department of the Treasury will submit the proposed information collection requirement described below to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. Today, OTS is soliciting public comments on its proposal to reinstate this information collection. DATES: Submit written comments on or before June 13, 2005. ADDRESSES: Send comments, referring to the collection by title of the proposal or by OMB approval number, to Information Collection Comments, Chief Counsel’s Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552; send a facsimile transmission to (202) 906–6518; or send an e-mail to infocollection.comments@ots.treas.gov. OTS will post comments and the related index on the OTS Internet Site at www.ots.treas.gov. In addition, interested persons may inspect comments at the Public Reading Room, 1700 G Street, NW., by appointment. To make an appointment, call (202) 906– 5922, send an e-mail to publicinfo@ots.treas.gov, or send a facsimile transmission to (202) 906– 7755. PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 You can request additional information about this proposed information collection from Marilyn K. Burton, Senior Paralegal (Regulations), (202) 906–6467, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. SUPPLEMENTARY INFORMATION: Dated: April 6, 2005. E:\FR\FM\12APN1.SGM 12APN1

Agencies

[Federal Register Volume 70, Number 69 (Tuesday, April 12, 2005)]
[Notices]
[Pages 19148-19149]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-1708]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[PS-7-89]


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-7-89 (TD 8684), Treatment of Gain From 
the Disposition of Interest in Certain Natural Resource Recapture 
Property by S Corporations and Their Shareholders (Sec.  1.1254-4).

DATES: Written comments should be received on or before June 13, 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

[[Page 19149]]

Service, Room 6516, 1111 Constitution Avenue NW., Washington, DC 20224, 
or through the Internet, at Allan.M.Hopkins@irs.gov.

SUPPLEMENTARY INFORMATION: Title: Treatment of Gain From the 
Disposition of Interest in Certain Natural Resource Recapture Property 
by S Corporations and Their Shareholders.
    OMB Number: 1545-1493.
    Regulation Project Number: PS-7-89.
    Abstract: This regulation prescribes rules under Code section 1254 
relating to the treatment by S corporations and their shareholders of 
gain from the disposition of natural resource recapture property and 
from the sale or exchange of S corporation stock. Section 1.1254-
4(c)(2) of the regulation provides that gain recognized on the sale or 
exchange of S corporation stock is not treated as ordinary income if 
the shareholder attaches a statement to his or her return containing 
information establishing that the gain is not attributable to section 
1254 costs.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
individuals.
    Estimated Number of Respondents: 1,000.
    Estimated Time Per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 1,000.
    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: April 5, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-1708 Filed 4-11-05; 8:45 am]
BILLING CODE 4830-01-P

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