Submission for OMB Review; Comment Request, 24673-24675 [05-9288]
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Federal Register / Vol. 70, No. 89 / Tuesday, May 10, 2005 / Notices
Comments regarding this information
collection should be addressed to the
OMB reviewer listed and to the
Treasury Department Clearance Officer,
Department of the Treasury, Room
11000, 1750 Pennsylvania Avenue,
NW., Washington, DC 20220.
Dates: Written comments should be
received on or before June 9, 2005 to be
assured of consideration.
Financial Crimes Enforcement Network
(FinCEN)
OMB Number: New.
Form Number: None.
Type of Review: New collection.
Title: Money Services Business
Program Response.
Description: FinCEN will use survey
data to estimate current size, extent,
income derived by and nature of the
MSB industry to more effectively
regulate and inform MSBs about BSA
regulations.
Respondents: Business or other forprofit.
Estimated Number of Respondents:
24,000.
Estimated Burden Hours Per
Respondent: 15 minutes.
Frequency of Response: Other (one
time).
Estimated Total Reporting/
Recordkeeping Burden: 6,000 hours.
Clearance Officer: Russell
Stephenson, (202) 354–6012, Financial
Crimes Enforcement Network, 2070
Chain Bridge Road, Suite 200, Vienna,
VA 22182.
OMB Reviewer: Alexander T. Hunt,
(202) 395–7316, Office of Management
and Budget, Room 10235, New
Executive Office Building, Washington,
DC 20503.
11000, 1750 Pennsylvania Avenue,
NW., Washington, DC 20220.
Dates: Written comments should be
received on or before June 9, 2005 to be
assured of consideration.
Departmental Offices/Community
Development Financial Institutions
(CDFI) Fund
OMB Number: 1559–0028.
Form Number: CDFI–0005.
Type of Review: Reinstatement.
Title: The Community Development
Financial Institutions Program—
Certification Application.
Description: The certification
application will be used to determine
whether an entity seeking CDFI
certification or recertification meets the
Fund’s requirements for such
certification as set forth in 12 CFR
1805.201.
Respondents: Business or other forprofit, Not-for-profit institution, State,
local or tribal government.
Estimated Number of Respondents:
315.
Estimated Burden Hours Per
Respondent: 40 hours.
Frequency of Response: On occasion.
Estimated Total Reporting Burden:
12,600 hours.
Clearance Officer: Lois K. Holland,
(202) 622–1563, Departmental Offices,
Room 11309, 1750 Pennsylvania
Avenue, NW., Washington, DC 20220.
OMB Reviewer: Alexander T. Hunt,
(202) 395–7316, Office of Management
and Budget, Room 10235, New
Executive Office Building, Washington,
DC 20503.
BILLING CODE 4810–02–P
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
May 3, 2005.
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
May 3, 2005.
April 29, 2005.
The Department of Treasury has
submitted the following public
information collection requirement(s) to
OMB for review and clearance under the
Paperwork Reduction Act of 1995, Pub.
L. 104–13. Copies of the submission(s)
may be obtained by calling the Treasury
Bureau Clearance Officer listed.
Comments regarding this information
collection should be addressed to the
OMB reviewer listed and to the
Treasury Department Clearance Officer,
Department of the Treasury, Room
Jkt 205001
Lois K. Holland,
Treasury PRA Clearance Officer.
[FR Doc. 05–9287 Filed 5–9–05; 8:45 am]
Submission for OMB Review;
Comment Request
Submission for OMB Review;
Comment Request
16:17 May 09, 2005
Financial Crimes Enforcement Network
(FinCEN)
OMB Number: 1506–0012.
Form Number: FinCEN Form 110.
Type of Review: Revision.
Title: Designation of Exempt Person.
Description: Banks will use the form
to exempt certain customers from the
requirements to report to the Treasury a
customer’s cash transactions exceeding
$10,000.
Respondents: Business or other forprofit, Not-for-profit institutions.
Estimated Number of Respondents:
19,000.
Estimated Burden Hours Per
Respondent: 1 hour, 10 minutes.
Frequency of Response: Other (one
time).
Estimated Total Reporting/
Recordkeeping Burden: 340,000 hours.
Clearance Officer: Russell
Stephenson, (202) 354–6012, Financial
Crimes Enforcement Network, 2070
Chain Bridge Road, Suite 200, Vienna,
VA 22182.
OMB Reviewer: Alexander T. Hunt,
(202) 395–7316, Office of Management
and Budget, Room 10235, New
Executive Office Building, Washington,
DC 20503.
Lois K. Holland,
Treasury PRA Clearance Officer.
[FR Doc. 05–9286 Filed 5–9–05; 8:45 am]
DEPARTMENT OF THE TREASURY
VerDate jul<14>2003
Written comments should be
received on or before June 9, 2005 to be
assured of consideration.
DATES:
BILLING CODE 4811–16–P
Lois K. Holland,
Treasury PRA Clearance Officer.
[FR Doc. 05–9285 Filed 5–9–05; 8:45 am]
24673
The Department of Treasury has
submitted the following public
information collection requirement(s) to
OMB for review and clearance under the
Paperwork Reduction Act of 1995, Pub.
L. 104–13. Copies of the submission(s)
may be obtained by calling the Treasury
Bureau Clearance Officer listed.
Comments regarding this information
collection should be addressed to the
OMB reviewer listed and to the
Treasury Department Clearance Officer,
Department of the Treasury, Room
11000, 1750 Pennsylvania Avenue,
NW., Washington, DC 20220.
PO 00000
Frm 00176
Fmt 4703
Sfmt 4703
The Department of Treasury has
submitted the following public
information collection requirement(s) to
OMB for review and clearance under the
Paperwork Reduction Act of 1995, Pub.
L. 104–13. Copies of the submission(s)
may be obtained by calling the Treasury
Bureau Clearance Officer listed.
Comments regarding this information
collection should be addressed to the
OMB reviewer listed and to the
Treasury Department Clearance Officer,
Department of the Treasury, Room
11000, 1750 Pennsylvania Avenue,
NW., Washington, DC 20220.
Dates: Written comments should be
received on or before June 9, 2005 to be
assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–0065.
Form Numbers: IRS Forms 4070,
4070A, 4070PR, 4070A–PR.
E:\FR\FM\10MYN1.SGM
10MYN1
24674
Federal Register / Vol. 70, No. 89 / Tuesday, May 10, 2005 / Notices
Type of Review: Revision.
Title: Form 4070: Employee’s report of
Tips to Employer; Form 4070A:
Employee’s Daily Record of Tips; Forma
4070PR: Informe al Patrono de Propinas
Recibidas por el Empleado; and Forma
4070A–PR: Registro Diario de Propinas
del Empleado.
Description: Employees who receive
at least $20 per month in tips must
report the tips to their employers
monthly for purposes of withholding of
employment taxes. Forms 4070 and
4070PR (Puerto Rico only) are used for
this purpose. Employees must keep a
daily record of tips they receive. Forms
Recordkeeping
Form
4070 ...........................................................................................................................
4070A ........................................................................................................................
4070PR ......................................................................................................................
4070A–PR .................................................................................................................
Frequency of response: Monthly.
Estimated Total Reporting/
Recordkeeping Burden: 39,769,200
hours.
OMB Number: 1545–0863.
Regulation Project Number: LR–218–
78 Final.
Type of Review: Extension.
Title: Product Liability Losses and
Accumulations for Product Liability
Losses.
Description: Generally, a taxpayer
who sustains a product liability loss
must carry the loss back 10 years.
However, a taxpayer may elect to have
such loss treated as a regular net
operating loss under section 172. If
desired, such election is made by
attaching a statement to the tax return.
This statement will enable the IRS to
monitor compliance with the statutory
requirements.
Respondents: Business or other forprofit.
Estimated Number of Respondents:
5,000.
Estimated Burden Hours Respondent:
30 minutes.
Frequency of response: On occasion.
Estimated Total Reporting Burden:
2,500 hours.
OMB Number: 1545–0987.
Regulation Project Number: IA–62–91
Final and Temporary.
Type of Review: Extension.
Title: Capitalization and Inclusion in
Inventory of Certain Costs.
Description: The paperwork
requirements are necessary to determine
whether taxpayers comply with the cost
allocation rules of section 263A and
with the requirements for changing their
methods of accounting. The information
will be used to verify taxpayers’ changes
in methods of accounting.
Respondents: Business or other forprofit, Farms.
Estimated Number of Respondents/
Recordkeepers: 20,000.
Estimated Burden Hours Respondent/
Recordkeeper: 5 hours.
VerDate jul<14>2003
16:17 May 09, 2005
Jkt 205001
4070A and 4070A–PR are used for this
purpose.
Respondents: Individuals or
households.
Estimated Number of Respondents/
Recordkeepers: 615,000.
Estimated Burden Hours Respondent/
Recordkeeper:
6
3
6
3
Learning
about the law
or the form
Preparing the
form
Copying and
proving the
form
min. ..........
hr., 23 min.
min. ..........
hr., 23 min.
2 min. ..........
21 min. ........
3 min. ..........
2 min. ..........
16
54
12
54
10
27
10
27
Frequency of response: Other (in the
year of change).
Estimated Total Reporting/
Recordkeeping Burden: 100,000 hours.
OMB Number: 1545–1244.
Regulation Project Number: PS–39–89
Final.
Type of Review: Extension.
Title: Limitation on Passive Activity
Losses and Credits—Treatment of SelfCharged Items of Income and Expense.
Description: The IRS will use this
information to determine whether the
entity has made a proper timely election
and to determine that taxpayers are
complying with the election in the
taxable year of the election and
subsequent taxable years.
Respondents: Business or other forprofit, Individuals or households.
Estimated Number of Respondents:
1,000.
Estimated Burden Hours Respondent:
6 minutes.
Frequency of response: Other (first
taxable year that entity seeks to make
election).
Estimated Total Reporting Burden:
150 hours.
OMB Number: 1545–1647.
Revenue Procedure Number: Revenue
Procedure 2001–21.
Type of Review: Extension.
Title: Debt Roll-Ups.
Description: This revenue procedure
provides for an election that will
facilitate the consolidation of two or
more outstanding debt instruments into
a single debt instrument. Under the
election, taxpayers can treat certain
exchanges of debt instruments as
realization events for federal income tax
purposes even through the exchanges do
not result in significant modifications
under § 1.1001–3 of the Income Tax
Regulations.
Respondents: Business or other forprofit.
Estimated Number of Respondents/
Recordkeepers: 100.
PO 00000
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Fmt 4703
Sfmt 4703
min.
min.
min.
min.
........
........
........
........
min.
min.
min.
min.
Estimated Burden Hours Respondent/
Recordkeeper: 45 minutes.
Frequency of response: On occasion.
Estimated Total Reporting/
Recordkeeping Burden: 75 hours.
OMB Number: 1545–1650.
Regulation Project Number: REG–
208156–91 Final.
Type of Review: Extension.
Title: Accounting for Long-Term
Contracts.
Description: The information
collected is required to notify the
Commissioner of a taxpayer’s decision
to sever to aggregate one or more longterm contracts under the regulations.
The statement is needed so the
Commissioner can determine whether
taxpayer properly severed or aggregated
its contract(s). The regulations affect any
taxpayer that manufactures or
constructs property under long-term
contracts.
Respondents: Business or other forprofit.
Estimated Number of Respondents:
50,000.
Estimated Burden Hours Respondent:
15 minutes.
Frequency of response: On occasion.
Estimated Total Reporting Burden:
12,500 hours.
OMB Number: 1545–1771.
Revenue Procedure Number: Revenue
Procedure 2002–15.
Type of Review: Extension.
Title: Automatic Relief for Late Initial
Entity Classification Elections-Check the
Box.
Description: 26 CFR 301.9100–1 and
301–9100–3 provides the Internal
Revenue Service with authority to grant
relief for late entity classification
elections. This revenue procedure
provides that, in certain circumstances,
taxpayers whose initial entity
classification election was filed late can
obtain relief by filing Form 8832 and
attaching a statement explaining that the
requirements of the revenue procedure
have been met.
E:\FR\FM\10MYN1.SGM
10MYN1
Federal Register / Vol. 70, No. 89 / Tuesday, May 10, 2005 / Notices
Respondents: Business or other forprofit.
Estimated Number of Respondents:
100.
Estimated Burden Hours Respondent:
1 hour.
Frequency of response: Other (once).
Estimated Total Reporting Burden:
100 hours.
Clearance Officer: Glenn P. Kirkland,
(202) 622–3428, Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt,
(202) 395–7316, Office of Management
and Budget, Room 10235, New
Executive Office Building, Washington,
DC 20503.
Lois K. Holland,
Treasury PRA Clearance Officer.
[FR Doc. 05–9288 Filed 5–9–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–136311–01]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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, Pub.
L. 104–13 (44 U.S.C. 3506(c)(2)(A)).
Currently, the IRS is soliciting
comments concerning an existing final
regulation, REG–136311–01, Exclusions
From Gross Income of Foreign
Corporations (section 883(a) and (c)).
DATES: Written comments should be
received on or before July 11, 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 this regulation 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.
SUMMARY:
VerDate jul<14>2003
16:17 May 09, 2005
Jkt 205001
SUPPLEMENTARY INFORMATION:
Title: Exclusions From Gross Income
of Foreign Corporations.
OMB Number: 1545–1677.
Regulation Project Number: REG–
136311–01.
Abstract: This regulation contains
rules implementing the portions of
section 883(a) and (c) of the Internal
Revenue Code that relate to income
derived by foreign corporations from the
international operation of a ship or
ships or aircraft. The rules provide, in
general, that a foreign corporation
organized in a qualified foreign country
and engaged in the international
operation of ships or aircraft shall
exclude qualified income from gross
income for purposes of United States
Federal income taxation, provided that
the corporation can satisfy certain
ownership and related documentation
requirements.
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 and not-for-profit institutions
and individuals or households.
Estimated Number of Respondents
16,400.
Estimated Time Per Respondent 1 hr.,
27 min.
Estimated Total Annual Burden
Hours 23,900.
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
PO 00000
Frm 00178
Fmt 4703
Sfmt 4703
24675
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 29, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–2243 Filed 5–9–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Open Meeting of the Wage &
Investment Reducing Taxpayer Burden
(Notices) Issue Committee of the
Taxpayer Advocacy Panel
Internal Revenue Service (IRS),
Treasury.
AGENCY:
ACTION:
Notice.
SUMMARY: An open meeting of the Wage
& Investment Reducing Taxpayer
Burden (Notices) Issue Committee of the
Taxpayer Advocacy Panel will be
conducted (via teleconference). The
Taxpayer Advocacy Panel is soliciting
public comments, ideas and suggestions
on improving customer service at the
Internal Revenue Service.
The meeting will be held
Thursday, June 2, 2005 from 12 p.m. to
1 p.m. e.t.
DATES:
FOR FURTHER INFORMATION CONTACT:
Sallie Chavez at 1–888–912–1227, or
954–423–7979.
Notice is
hereby given pursuant to section
10(a)(2) of the Federal Advisory
Committee Act, 5 U.S.C. App. (1988)
that an open meeting of the Wage &
Investment Reducing Taxpayer Burden
(Notices) Issue Committee of the
Taxpayer Advocacy Panel will be held
Thursday, June 2, 2005 from 12 p.m. to
1 p.m. e.t. via a telephone conference
call. If you would like to have the TAP
consider a written statement, please call
1–888–912–1227 or 954–423–7979, or
write Sallie Chavez, TAP Office, 1000
South Pine Island Road, Suite 340,
Plantation, FL 33324. Due to limited
conference lines, notification of intent
to participate in the telephone
conference call meeting must be made
with Sallie Chavez. Ms. Chavez can be
reached at 1–888–912–1227 or 954–
423–7979, or post comments to the Web
site: https://www.improveirs.org.
The agenda will include: Various IRS
issues.
SUPPLEMENTARY INFORMATION:
E:\FR\FM\10MYN1.SGM
10MYN1
]]>Agencies
[Federal Register Volume 70, Number 89 (Tuesday, May 10, 2005)]
[Notices]
[Pages 24673-24675]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-9288]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
May 3, 2005.
The Department of Treasury has submitted the following public
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Pub. L. 104-13. Copies of
the submission(s) may be obtained by calling the Treasury Bureau
Clearance Officer listed. Comments regarding this information
collection should be addressed to the OMB reviewer listed and to the
Treasury Department Clearance Officer, Department of the Treasury, Room
11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.
Dates: Written comments should be received on or before June 9,
2005 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0065.
Form Numbers: IRS Forms 4070, 4070A, 4070PR, 4070A-PR.
[[Page 24674]]
Type of Review: Revision.
Title: Form 4070: Employee's report of Tips to Employer; Form
4070A: Employee's Daily Record of Tips; Forma 4070PR: Informe al
Patrono de Propinas Recibidas por el Empleado; and Forma 4070A-PR:
Registro Diario de Propinas del Empleado.
Description: Employees who receive at least $20 per month in tips
must report the tips to their employers monthly for purposes of
withholding of employment taxes. Forms 4070 and 4070PR (Puerto Rico
only) are used for this purpose. Employees must keep a daily record of
tips they receive. Forms 4070A and 4070A-PR are used for this purpose.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 615,000.
Estimated Burden Hours Respondent/Recordkeeper:
----------------------------------------------------------------------------------------------------------------
Learning about the Copying and
Form Recordkeeping law or the form Preparing the form proving the form
----------------------------------------------------------------------------------------------------------------
4070........................... 6 min.............. 2 min............. 16 min............ 10 min.
4070A.......................... 3 hr., 23 min...... 21 min............ 54 min............ 27 min.
4070PR......................... 6 min.............. 3 min............. 12 min............ 10 min.
4070A-PR....................... 3 hr., 23 min...... 2 min............. 54 min............ 27 min.
----------------------------------------------------------------------------------------------------------------
Frequency of response: Monthly.
Estimated Total Reporting/Recordkeeping Burden: 39,769,200 hours.
OMB Number: 1545-0863.
Regulation Project Number: LR-218-78 Final.
Type of Review: Extension.
Title: Product Liability Losses and Accumulations for Product
Liability Losses.
Description: Generally, a taxpayer who sustains a product liability
loss must carry the loss back 10 years. However, a taxpayer may elect
to have such loss treated as a regular net operating loss under section
172. If desired, such election is made by attaching a statement to the
tax return. This statement will enable the IRS to monitor compliance
with the statutory requirements.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 5,000.
Estimated Burden Hours Respondent: 30 minutes.
Frequency of response: On occasion.
Estimated Total Reporting Burden: 2,500 hours.
OMB Number: 1545-0987.
Regulation Project Number: IA-62-91 Final and Temporary.
Type of Review: Extension.
Title: Capitalization and Inclusion in Inventory of Certain Costs.
Description: The paperwork requirements are necessary to determine
whether taxpayers comply with the cost allocation rules of section 263A
and with the requirements for changing their methods of accounting. The
information will be used to verify taxpayers' changes in methods of
accounting.
Respondents: Business or other for-profit, Farms.
Estimated Number of Respondents/Recordkeepers: 20,000.
Estimated Burden Hours Respondent/Recordkeeper: 5 hours.
Frequency of response: Other (in the year of change).
Estimated Total Reporting/Recordkeeping Burden: 100,000 hours.
OMB Number: 1545-1244.
Regulation Project Number: PS-39-89 Final.
Type of Review: Extension.
Title: Limitation on Passive Activity Losses and Credits--Treatment
of Self-Charged Items of Income and Expense.
Description: The IRS will use this information to determine whether
the entity has made a proper timely election and to determine that
taxpayers are complying with the election in the taxable year of the
election and subsequent taxable years.
Respondents: Business or other for-profit, Individuals or
households.
Estimated Number of Respondents: 1,000.
Estimated Burden Hours Respondent: 6 minutes.
Frequency of response: Other (first taxable year that entity seeks
to make election).
Estimated Total Reporting Burden: 150 hours.
OMB Number: 1545-1647.
Revenue Procedure Number: Revenue Procedure 2001-21.
Type of Review: Extension.
Title: Debt Roll-Ups.
Description: This revenue procedure provides for an election that
will facilitate the consolidation of two or more outstanding debt
instruments into a single debt instrument. Under the election,
taxpayers can treat certain exchanges of debt instruments as
realization events for federal income tax purposes even through the
exchanges do not result in significant modifications under Sec.
1.1001-3 of the Income Tax Regulations.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 100.
Estimated Burden Hours Respondent/Recordkeeper: 45 minutes.
Frequency of response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 75 hours.
OMB Number: 1545-1650.
Regulation Project Number: REG-208156-91 Final.
Type of Review: Extension.
Title: Accounting for Long-Term Contracts.
Description: The information collected is required to notify the
Commissioner of a taxpayer's decision to sever to aggregate one or more
long-term contracts under the regulations. The statement is needed so
the Commissioner can determine whether taxpayer properly severed or
aggregated its contract(s). The regulations affect any taxpayer that
manufactures or constructs property under long-term contracts.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 50,000.
Estimated Burden Hours Respondent: 15 minutes.
Frequency of response: On occasion.
Estimated Total Reporting Burden: 12,500 hours.
OMB Number: 1545-1771.
Revenue Procedure Number: Revenue Procedure 2002-15.
Type of Review: Extension.
Title: Automatic Relief for Late Initial Entity Classification
Elections-Check the Box.
Description: 26 CFR 301.9100-1 and 301-9100-3 provides the Internal
Revenue Service with authority to grant relief for late entity
classification elections. This revenue procedure provides that, in
certain circumstances, taxpayers whose initial entity classification
election was filed late can obtain relief by filing Form 8832 and
attaching a statement explaining that the requirements of the revenue
procedure have been met.
[[Page 24675]]
Respondents: Business or other for-profit.
Estimated Number of Respondents: 100.
Estimated Burden Hours Respondent: 1 hour.
Frequency of response: Other (once).
Estimated Total Reporting Burden: 100 hours.
Clearance Officer: Glenn P. Kirkland, (202) 622-3428, Internal
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington,
DC 20224.
OMB Reviewer: Alexander T. Hunt, (202) 395-7316, Office of
Management and Budget, Room 10235, New Executive Office Building,
Washington, DC 20503.
Lois K. Holland,
Treasury PRA Clearance Officer.
[FR Doc. 05-9288 Filed 5-9-05; 8:45 am]
BILLING CODE 4830-01-P
