Proposed Collection; Comment Request for Forms 1040-SS, 1040-PR, and Anejo H-PR, 31014-31015 [E5-2719]

Download as PDF 31014 Federal Register / Vol. 70, No. 103 / Tuesday, May 31, 2005 / Notices income at an inappropriate percentage yield under the Statement of Position. Therefore, the agencies have decided against revising their statement in the March 2005 proposal that decreases in originally expected cash flows on a purchased impaired loan should be recognized as an impairment through an addition to the loan loss allowance. In its comment letter, the trade group from outside the banking industry did not address the SOP 03–3 revisions, but requested that the agencies revise several other items in the Call Report. The agencies will consider these suggested Call Report changes at a later date. D. Other Matters Call Report Schedule RC–R— ‘‘Regulatory Capital, does not currently allow a bank to report an amount in column B, ‘‘Items Not Subject to RiskWeighting,’’ of item 34, ‘‘Cash and balances due from depository institutions,’’ because such items were not expected to exist within this asset category when this schedule was originally designed. However, when amounts are included in column A, ‘‘Totals (from Schedule RC 8),’’ of item 34 for certain embedded derivatives, these embedded derivatives should be risk-weighted under the rules for derivatives rather than the rules that apply to the cash and due from asset account. As a result, banks contacted the agencies upon finding that they could not properly report the carrying amount of these derivatives in column B when allocating the total carrying amount of their ‘‘Cash and balances due from depository institutions’’ across the columns of item 34. In response to banks’ comments about this reporting difficulty, the agencies are revising Schedule RC–R to permit the use of column B of item 34. A number of banks have requested that they be permitted to provide USA PATRIOT Act Section 314(a) AntiMoney Laundering contact information for more than two contact persons at their institutions. The agencies are adding text fields for two additional contact persons that will enable a bank, at its option, to supply information for a third and fourth anti-money laundering contact person. This contact information is not released to the public. III. Request for Comment Public comment is requested on all aspects of this joint notice. In addition, comments are invited on: 8 Schedule RC of the Call Report is the balance sheet. VerDate jul<14>2003 16:14 May 27, 2005 Jkt 205001 (a) Whether the proposed revisions to the Call Report collections of information are necessary for the proper performance of the agencies’ functions, including whether the information has practical utility; (b) The accuracy of the agencies’ estimates of the burden of the information collections as they are proposed to be revised, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections 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. Comments submitted in response to this joint notice will be shared among the agencies and will be summarized or included in the agencies’ requests for OMB approval. All comments will become a matter of public record. Written comments should address the accuracy of the burden estimates and ways to minimize burden as well as other relevant aspects of the information collection request. Dated: May 25, 2005. Stuart E. Feldstein, Assistant Director, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency. Board of Governors of the Federal Reserve System, May 24, 2005. Robert deV. Frierson, Deputy Secretary of the Board. Dated at Washington, DC, this 25th day of May, 2005. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 05–10778 Filed 5–27–05; 8:45 am] BILLING CODE 4810–33; 6210–01; 6714–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Forms 1040–SS, 1040–PR, and Anejo H–PR 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 PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 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 1040–SS, U.S. Self-Employment Tax Return; Form 1040–PR, Planilla Para La Declaracion De La Contribucion Federal Sobre El Trabajo Por Cuenta Propia— Puerto Rico; and Anejo H–PR, Contribuciones Sobre El Empleo De Empleados Domesticos. DATES: Written comments should be received on or before August 1, 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 forms and instructions should be directed to Larnice Mack, (202) 622–3179, Internal Revenue Service, room 6512, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet at Larnice.Mack@irs.gov. SUPPLEMENTARY INFORMATION: Title: Form 1040–SS, U.S. SelfEmployment Tax Return, Form 1040– PR, Planilla Para La Declaracion De La Contribucion Federal Sobre El Trabajo Por Cuenta Propia—Puerto Rico; and Anejo H–PR, Contribuciones Sobre El Empleo De Empleados Domesticos. OMB Number: 1545–0090. Form Number: Forms 1040–SS, 1040– PR, and Anejo H–PR. Abstract: Form 1040–SS is used by self-employed individuals in the Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands to report and pay selfemployment tax and provide proper credit to the taxpayer’s social security account. Form 1040–PR is a Spanish version of Form 1040–SS for use in Puerto Rico. Anejo H–PR is used to compute household employment taxes. Form 1040–SS and Form 1040–PR are also used by bona-fide residents of Puerto Rico to claim the additional child tax credit. Current Actions: There are no changes being made to the forms at this time. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households, business or other for-profit organizations and farms. Estimated Number of Responses: 430,400. E:\FR\FM\31MYN1.SGM 31MYN1 Federal Register / Vol. 70, No. 103 / Tuesday, May 31, 2005 / Notices Estimated Time per Respondent: 5 hours, 34 minutes. Estimated Total Annual Burden Hours: 2,762,588. 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 16, 2005. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E5–2719 Filed 5–27–05; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Revenue Procedure 101177–05 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 VerDate jul<14>2003 16:14 May 27, 2005 Jkt 205001 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 Revenue Procedure 2005–26, Revenue Procedure Regarding Extended Period of Limitation for Listed Transaction Situations. DATES: Written comments should be received on or before August 1, 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 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: Revenue Procedure Regarding Extended Period of Limitations for Listed Transaction Situations. OMB Number: 1545–1940. Revenue Procedure Number: Revenue Procedure 101177–05. Abstract: This revenue procedure provides procedures that taxpayers and material advisors may use to disclose a listed transaction that the taxpayer previously failed to disclose. 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: Individuals or households and Business or other forprofit institutions. Estimated Number of Respondents: 859. Estimated Time Per Respondent: 5 hours. Estimated Total Annual Burden Hours: 430. 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. PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 31015 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 23, 2005. Glenn Kirkland, IRS Reports Clearance Officer. [FR Doc. E5–2720 Filed 5–27–05; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Open Meeting of the Multilingual Initiative (MLI) Issue Committee of the Taxpayer Advocacy Panel Internal Revenue Service (IRS), Treasury. ACTION: Notice. AGENCY: SUMMARY: An open meeting of the Multilingual Initiative (MLI) Issue Committee of the Taxpayer Advocacy Panel will be conducted in Washington, DC, The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. DATES: The meeting will be held June 24 and 25, 2005. FOR FURTHER INFORMATION CONTACT: Inez E. De Jesus at 1–888–912–1227, or 954– 423–7977. SUPPLEMENTARY INFORMATION: 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 Multilingual Initiative Issue Committee of the Taxpayer Advocacy Panel will be held in Washington, DC, Friday, June 24, 2005, from 8 a.m. to 4:30 p.m. ET and Saturday, June 25, 2005, from 8 a.m. to 12 p.m. ET. In Washington, DC at One Washington Circle Hotel, Washington, E:\FR\FM\31MYN1.SGM 31MYN1

Agencies

[Federal Register Volume 70, Number 103 (Tuesday, May 31, 2005)]
[Notices]
[Pages 31014-31015]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-2719]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Forms 1040-SS, 1040-PR, 
and Anejo H-PR

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 1040-SS, U.S. Self-Employment Tax Return; Form 1040-PR, Planilla 
Para La Declaracion De La Contribucion Federal Sobre El Trabajo Por 
Cuenta Propia--Puerto Rico; and Anejo H-PR, Contribuciones Sobre El 
Empleo De Empleados Domesticos.

DATES: Written comments should be received on or before August 1, 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 forms and instructions should be directed to Larnice 
Mack, (202) 622-3179, Internal Revenue Service, room 6512, 1111 
Constitution Avenue, NW., Washington, DC 20224, or through the Internet 
at Larnice.Mack@irs.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Form 1040-SS, U.S. Self-Employment Tax Return, Form 1040-PR, 
Planilla Para La Declaracion De La Contribucion Federal Sobre El 
Trabajo Por Cuenta Propia--Puerto Rico; and Anejo H-PR, Contribuciones 
Sobre El Empleo De Empleados Domesticos.
    OMB Number: 1545-0090.
    Form Number: Forms 1040-SS, 1040-PR, and Anejo H-PR.
    Abstract: Form 1040-SS is used by self-employed individuals in the 
Virgin Islands, Guam, American Samoa, and the Commonwealth of the 
Northern Mariana Islands to report and pay self-employment tax and 
provide proper credit to the taxpayer's social security account. Form 
1040-PR is a Spanish version of Form 1040-SS for use in Puerto Rico. 
Anejo H-PR is used to compute household employment taxes. Form 1040-SS 
and Form 1040-PR are also used by bona-fide residents of Puerto Rico to 
claim the additional child tax credit.
    Current Actions: There are no changes being made to the forms at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations and farms.
    Estimated Number of Responses: 430,400.

[[Page 31015]]

    Estimated Time per Respondent: 5 hours, 34 minutes.
    Estimated Total Annual Burden Hours: 2,762,588.
    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 16, 2005.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-2719 Filed 5-27-05; 8:45 am]
BILLING CODE 4830-01-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.