Proposed Collection; Comment Request for Regulation Project, 25649-25650 [E5-2397]
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Federal Register / Vol. 70, No. 92 / Friday, May 13, 2005 / Notices
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to R. Joseph Durbala,
(202) 622–3634, Internal Revenue
Service, room 6516, 1111 Constitution
Avenue NW., Washington, DC 20224 or
through the Internet at
RJoseph.Durbala@irs.gov.
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: May 6, 2005.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–2393 Filed 5–12–05; 8:45 am]
BILLING CODE 4830–01–P
SUPPLEMENTARY INFORMATION:
Title: Casualties and Thefts.
OMB Number: 1545–0177.
Form Number: 4684.
Abstract: Form 4684 is used by
taxpayers to compute their gain or loss
from casualties or thefts, and to
summarize such gains and losses. The
data is used to verify that the correct
gain or loss has been computed.
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: Individuals or
households and business or other forprofit organizations.
Estimated Number of Respondents:
170,000.
Estimated Time per Respondent: 4 hr.,
3 min.
Estimated Total Annual Burden
Hours: 688,500.
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
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
VerDate jul<14>2003
15:59 May 12, 2005
Jkt 205001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 730
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
730, Tax on Wagering.
DATES: Written comments should be
received on or before July 12, 2005 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. 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 R. Joseph Durbala,
(202) 622–3634, Internal Revenue
Service, room 6407, 1111 Constitution
Avenue, NW., Washington, DC 20224 or
through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Tax on Wagering.
OMB Number: 1545–0235.
Form Number: Form 730.
Abstract: Form 730 is used to identify
taxable wagers under Internal Revenue
Code section 4401 and collect the tax
monthly. The information is used to
determine if persons accepting wagers
are correctly reporting the amount of
wagers and paying the required tax.
Current Actions: Form 730 has been
reformatted to be scannable. New entry
boxes have been added for a daytime
telephone number, and to indicate a
final return. Lines 4a and 4b each have
a new entry to allow for the separate
PO 00000
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Fmt 4703
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25649
computation of tax amounts for wagers
authorized under state law (line 4a) and
for all other wagers (line 4b).
Type of Review: Revision of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations and individuals.
Estimated Number of Respondents:
102,164.
Estimated Time Per Response: 8 hrs.,
25 min.
Estimated Total Annual Burden
Hours: 384,291.
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: May 6, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–2395 Filed 5–12–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[FI–28–96]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
AGENCY:
E:\FR\FM\13MYN1.SGM
13MYN1
25650
Federal Register / Vol. 70, No. 92 / Friday, May 13, 2005 / Notices
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, FI–28–96 (TD
8801), Arbitrage Restrictions on TaxExempt Bonds (§ 1.148–5).
DATES: Written comments should be
received on or before July 12, 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 regulation should be
directed to R. Joseph Durbala, (202)
622–3634, Internal Revenue Service,
room 6516, 1111 Constitution Avenue
NW., Washington, DC 20224, or through
the Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Arbitrage Restrictions on TaxExempt Bonds.
OMB Number: 1545–1490.
Regulation Project Number: FI–28–96.
Abstract: This regulation provides
guidance concerning the arbitrage
restrictions applicable to tax-exempt
bonds issued by state and local
governments and contains rules
regarding the use of proceeds of state
and local bonds to acquire higher
yielding investments. The regulation
provides safe harbors for establishing
the fair market value of all investments
purchased for yield restricted
defeasance escrows. Further, the
regulation requires that issuers must
retain certain records and information
with the bond documents. The
recordkeeping requirements are
necessary for the IRS to determine that
an issuer of tax-exempt bonds has not
paid more than fair market value for
nonpurpose investments under section
148 of the Internal Revenue Code.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: State, local, or tribal
governments, and not-for-profit
institutions.
Estimated Number of Respondents:
1,400.
VerDate jul<14>2003
15:59 May 12, 2005
Jkt 205001
Estimated Time Per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 1,425.
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: May 4, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–2397 Filed 5–12–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Notice 2005–32
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
PO 00000
Frm 00130
Fmt 4703
Sfmt 4703
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 Notice
2005–32, Notification requirement for
transfer of partnership interest in
Electing Investment Partnership (EIP).
DATES: Written comments should be
received on or before July 12, 2005, to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. 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 R. Joseph Durbala,
(202) 622–3634, Internal Revenue
Service, room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Notification requirement for
transfer of partnership interest in
Electing Investment Partnership (EIP).
OMB Number: 1545–1939.
Notice Number: Notice 2005–32.
Abstract: The American Jobs Creation
Act of 2004 amended §§ 734, 743, and
6031 of the Internal Revenue Code. The
amendment necessitated the creation of
new reporting requirements and
procedures for the mandatory basis
adjustment provisions of §§ 734 and
743, the procedures for making an
electing investment partnership election
under § 743(e), and the reporting
requirements for electing investment
partnerships and their partners. This
notice provides interim procedures for
partnerships and partners to comply
with the mandatory basis adjustment
provisions of sections 734 and 743. This
notice also provides interim procedures
for electing investment partnerships and
their partners to comply with sections
743(e) and 6031(f).
Current Actions: There are no changes
being made to the notice at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organization, individuals, or
households.
Estimated Number of Respondents:
266,400.
Estimated Time Per Respondent: 2
Hours, 4 minutes.
Estimated Total Annual Burden
Hours: 522,100.
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
E:\FR\FM\13MYN1.SGM
13MYN1
]]>Agencies
[Federal Register Volume 70, Number 92 (Friday, May 13, 2005)]
[Notices]
[Pages 25649-25650]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-2397]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[FI-28-96]
Proposed Collection; Comment Request for Regulation Project
AGENCY: Internal Revenue Service (IRS), Treasury.
[[Page 25650]]
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, FI-28-96 (TD 8801), Arbitrage Restrictions
on Tax-Exempt Bonds (Sec. 1.148-5).
DATES: Written comments should be received on or before July 12, 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 regulation should be directed to R. Joseph Durbala, (202)
622-3634, Internal Revenue Service, room 6516, 1111 Constitution Avenue
NW., Washington, DC 20224, or through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Arbitrage Restrictions on Tax-Exempt Bonds.
OMB Number: 1545-1490.
Regulation Project Number: FI-28-96.
Abstract: This regulation provides guidance concerning the
arbitrage restrictions applicable to tax-exempt bonds issued by state
and local governments and contains rules regarding the use of proceeds
of state and local bonds to acquire higher yielding investments. The
regulation provides safe harbors for establishing the fair market value
of all investments purchased for yield restricted defeasance escrows.
Further, the regulation requires that issuers must retain certain
records and information with the bond documents. The recordkeeping
requirements are necessary for the IRS to determine that an issuer of
tax-exempt bonds has not paid more than fair market value for
nonpurpose investments under section 148 of the Internal Revenue Code.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of currently approved collection.
Affected Public: State, local, or tribal governments, and not-for-
profit institutions.
Estimated Number of Respondents: 1,400.
Estimated Time Per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 1,425.
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: May 4, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-2397 Filed 5-12-05; 8:45 am]
BILLING CODE 4830-01-P
