Proposed Collection; Comment Request for Regulation Project, 41816-41817 [E5-3847]
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Federal Register / Vol. 70, No. 138 / Wednesday, July 20, 2005 / Notices
Type of Review: Extension.
Title: User Fee for Employee Plan/
determination Letter Request.
Description: The Omnibus
Reconciliation Act of 1990 requires
payment of a ‘‘user fee’’ with each
application for a determination letter.
Because of this requirement, the Form
8717 was created to provide filers the
means to make payment and indicate
the type of request.
Respondents: Business and other forprofit, Not-for-profit institutions.
Estimated Number of Respondents:
100,000.
Estimated Burden Hours Respondent:
3 hours, 24 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden:
341,000 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. 05–14230 Filed 7–19–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
July 13, 2005.
The Department of the Treasury has
submitted the following public
information collection requirement(s) to
OMB for review and clearance under the
Paperwork Reduction Act of 1995,
Public Law 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 August 19, 2005
to be assured of consideration.
Description: This document 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. This regulation describes
these documentation requirements and
the filing requirements necessary for a
foreign corporation to claim a reciprocal
exemption.
Respondents: Business and other forprofit, Individuals or households, Notfor-profit institutions.
Estimated Number of Respondents/
Recordkeepers: 16,400.
Estimated Burden Hours Respondent/
Recordkeeper: 1 hour, 27 minutes.
Frequency of Response: On occasion,
Annually, Other (certain shareholder
information may be collection once
every three years).
Estimated Total Reporting/
Recordkeeping Burden: 23,900 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. 05–14231 Filed 7–19–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–209827–96 and REG–111672–99]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS)
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
OMB Number: 1545–1677.
Regulation Project Number:
REG0136311–01 Final.
Type of Review: Extension.
Title: Exclusions from Gross Income
of Foreign Corporations.
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
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AGENCY:
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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, REG–209827–
96 and REG–111672–99 (TD 8834),
Treatment of Distributions to Foreign
Persons Under Sections 367(e)(1) and
367(e)(2) (§§ 1.367(e)–1, 1.367(e)–2 and
1.6038B–1).
DATES: Written comments should be
received on or before September 19,
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 Larnice Mack, at (202) 622–
3179, or at Internal Revenue Service,
room 6512, 1111 Constitution Avenue,
NW., Washington, DC 20224, or through
the Internet, at Larnice.Mack@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Treatment of Distributions to
Foreign Persons Under Sections
367(e)(1) and 367(e)(2).
OMB Number: 1545–1487.
Regulation Project Number: REG–
209827–96 and REG–111672–99.
Abstract: Sections 367(e)(1) and
367(e)(2) provide for gain recognition on
certain transfers to foreign persons
under sections 355 and 332. Section
6038B(a) requires U.S. persons
transferring property to foreign persons
in exchanges described in sections 332
and 355 to furnish information
regarding such transfers. This
information is used by the Internal
Revenue Service to verify whether a
taxpayer is entitled to an exemption
from income tax.
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.
Estimated Number of Respondents:
217.
Estimated Time per Respondent: 11
hours, 23 minutes.
Estimated Total Annual Burden
Hours: 2,471.
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
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Federal Register / Vol. 70, No. 138 / Wednesday, July 20, 2005 / Notices
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: July 12, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–3847 Filed 7–19–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[Notice 123059–05]
Proposed Collection; Comment
Request for Regulation Project
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 Notice
123059–05, Limitations on Dividends
Received Deduction and Other
Guidance.
DATES: Written comments should be
received on or before September 19,
2005, to be assured of consideration.
VerDate jul<14>2003
14:24 Jul 19, 2005
Jkt 205001
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 Larnice Mack, at (202) 622–
3179, or at Internal Revenue Service,
room 6512, 1111 Constitution Avenue,
NW., Washington, DC 20224, or through
the Internet, at Larnice.Mack@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Limitations on Dividends
Received Deduction and Other
Guidance.
OMB Number: 1545–1943.
Regulation Project Number: Notice
123059–05.
Abstract: This document provides
guidance under new section 965, which
was enacted by the American Jobs
Creation Act of 2004 (Pub. L. 108–357).
In general, and subject to limitations
and conditions, section 975(a) provides
that a corporation that is a U.S.
shareholder of a controlled foreign
corporation (CFC) may elect, for one
taxable year, an 85 percent dividends
received deduction (DRD) with respect
to certain cash dividends it receives
from its CFCs. This document addresses
limitations imposed on the maximum
amount of section 965(a) DRD under
section 965(b)(1) (under which the
maximum amount of an eligible
dividend is the greatest of $500 million,
or earnings permanently reinvested
outside the United States), section
965(b)(2) (regarding certain base-period
repatriations), section 965(b)(3)
(regarding certain increases in related
party indebtedness), and certain
miscellaneous limitations (related to the
foreign tax credit).
Current Actions: There is no change to
this notice.
Type of Review: Extension of OMB
approval.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
25,000.
Estimated Time Per Respondent: 3
hours.
Estimated Total Annual Burden
Hours: 1,250,000.
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
ADDRESSES:
PO 00000
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41817
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: July 12, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–3849 Filed 7–19–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 10001
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
10001, Request for Closing Agreement
Relating to Advance Refunding Issue
Under Sections 148 and 7121 and
Revenue Procedure 96–41.
DATES: Written comments should be
received on or before September 19,
2005, to be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
E:\FR\FM\20JYN1.SGM
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]]>Agencies
[Federal Register Volume 70, Number 138 (Wednesday, July 20, 2005)]
[Notices]
[Pages 41816-41817]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-3847]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-209827-96 and REG-111672-99]
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, REG-209827-96 and REG-111672-99 (TD 8834),
Treatment of Distributions to Foreign Persons Under Sections 367(e)(1)
and 367(e)(2) (Sec. Sec. 1.367(e)-1, 1.367(e)-2 and 1.6038B-1).
DATES: Written comments should be received on or before September 19,
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 Larnice Mack, at (202)
622-3179, or at Internal Revenue Service, room 6512, 1111 Constitution
Avenue, NW., Washington, DC 20224, or through the Internet, at
Larnice.Mack@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Treatment of Distributions to Foreign Persons Under Sections
367(e)(1) and 367(e)(2).
OMB Number: 1545-1487.
Regulation Project Number: REG-209827-96 and REG-111672-99.
Abstract: Sections 367(e)(1) and 367(e)(2) provide for gain
recognition on certain transfers to foreign persons under sections 355
and 332. Section 6038B(a) requires U.S. persons transferring property
to foreign persons in exchanges described in sections 332 and 355 to
furnish information regarding such transfers. This information is used
by the Internal Revenue Service to verify whether a taxpayer is
entitled to an exemption from income tax.
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.
Estimated Number of Respondents: 217.
Estimated Time per Respondent: 11 hours, 23 minutes.
Estimated Total Annual Burden Hours: 2,471.
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
[[Page 41817]]
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: July 12, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-3847 Filed 7-19-05; 8:45 am]
BILLING CODE 4830-01-P
