Proposed Collection; Comment Request for Regulation Project, 21274 [E5-1959]
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21274
Federal Register / Vol. 70, No. 78 / Monday, April 25, 2005 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–209798–95]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
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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 existing
final regulations, REG–209798–95 (TD
8746), Amortizable Bond Premium,
(Reg. Sections 1.163–13, 1.171–4, and
1.171–5).
DATES: Written comments should be
received on or before June 24, 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: Amortizable Bond Premium.
OMB Number: 1545–1491.
Regulation Project Number: REG–
209798–95.
Abstract: This regulation addresses
the tax treatment of bond premium. The
regulation provides that a holder may
make an election to amortize bond
premium by offsetting interest income
with bond premium, and the holder
must attach a statement to their tax
return providing certain information.
The regulation also provides that a
taxpayer may receive automatic consent
to change its method of accounting for
premium provided the taxpayer attaches
a statement to its tax return. The
information requested is necessary for
the IRS to determine whether an issuer
or a holder has changed its method of
accounting for premium.
Current Actions: There is no change to
this existing regulation.
VerDate Nov<24>2008
14:51 Oct 19, 2009
Jkt 220001
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations and individuals.
Estimated Number of Respondents:
15,000.
Estimated Time per Respondent: 29
minutes.
Estimated Total Annual Burden
Hours: 7,250.
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 18, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–1959 Filed 4–22–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8233
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
PO 00000
Frm 00102
Fmt 4703
Sfmt 4703
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
8233, Exemption From Withholding on
Compensation for Independent (and
Certain Dependent) Personal Services of
a Nonresident Alien Individual.
DATES: Written comments should be
received on or before June 24, 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: Exemption From Withholding
on Compensation for Independent (and
Certain Dependent) Personal Services of
a Nonresident Alien Individual.
OMB Number: 1545–0795.
Form Number: 8233.
Abstract: Compensation paid to a
nonresident alien individual for
independent personal services (selfemployment) is generally subject to
30% withholding or graduated rates.
However, such compensation may be
exempt from withholding because of a
U.S. tax treaty or the personal
exemption amount. Form 8233 is used
to request exemption from withholding.
Nonresident alien students, teachers,
and researchers performing dependent
personal services also use Form 8233 to
request exemption from withholding.
Current Actions: There are no changes
being made to Form 8233 at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals, business
or other for-profit organizations, and
not-for-profit institutions.
Estimated Number of Respondents:
480,000.
Estimated Time per Respondent: 1 hr.,
45 min.
Estimated Total Annual Burden
Hours: 1,320,000.
E:\TEMP\25APN1.SGM
25APN1
]]>Agencies
[Federal Register Volume 70, Number 78 (Monday, April 25, 2005)]
[Notices]
[Page 21274]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-1959]
[[Page 21274]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-209798-95]
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
existing final regulations, REG-209798-95 (TD 8746), Amortizable Bond
Premium, (Reg. Sections 1.163-13, 1.171-4, and 1.171-5).
DATES: Written comments should be received on or before June 24, 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: Amortizable Bond Premium.
OMB Number: 1545-1491.
Regulation Project Number: REG-209798-95.
Abstract: This regulation addresses the tax treatment of bond
premium. The regulation provides that a holder may make an election to
amortize bond premium by offsetting interest income with bond premium,
and the holder must attach a statement to their tax return providing
certain information. The regulation also provides that a taxpayer may
receive automatic consent to change its method of accounting for
premium provided the taxpayer attaches a statement to its tax return.
The information requested is necessary for the IRS to determine whether
an issuer or a holder has changed its method of accounting for premium.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations and
individuals.
Estimated Number of Respondents: 15,000.
Estimated Time per Respondent: 29 minutes.
Estimated Total Annual Burden Hours: 7,250.
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 18, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-1959 Filed 4-22-05; 8:45 am]
BILLING CODE 4830-01-P
