Proposed Collection; Comment Request for Form 10001, 41817-41818 [E5-3851]
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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
Frm 00139
Fmt 4703
Sfmt 4703
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
20JYN1
41818
Federal Register / Vol. 70, No. 138 / Wednesday, July 20, 2005 / Notices
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: Request for Closing Agreement
Relating to Advance Refunding Issue
Under Sections 148 and 7121 and
Revenue Procedure 96–41.
OMB Number: 1545–14922.
Form Number: 10001.
Abstract: Form 10001 is used in
conjunction with a closing agreement
program involving certain issuers of tax
exempt advance refunding bonds.
Revenue Procedure 96–41 established
this voluntary compliance program and
prescribed the filing of Form 10001 to
request a closing agreement.
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: State, local or tribal
governments, and not-for-profit
institutions.
Estimated Number of Respondents:
100.
Estimated Time Per Respondent: 3
hrs.
Estimated Total Annual Burden
Hours: 300.
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
VerDate jul<14>2003
14:24 Jul 19, 2005
Jkt 205001
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 13, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–3851 Filed 7–19–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 99–32
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
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 99–32, Conforming
Adjustments Subsequent to Section 482
Allocations.
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 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: Conforming Adjustments
Subsequent to Section 482 Allocations.
OMB Number: 1545–1657.
Revenue Procedure Number: Revenue
Procedure 99–32.
Abstract: Revenue Procedure 99–32
provides guidance for conforming a
PO 00000
Frm 00140
Fmt 4703
Sfmt 4703
taxpayer’s accounts to reflect a primary
adjustment under Internal Revenue
Code section 482. The revenue
procedure prescribes the applicable
procedures for the repatriation of cash
by a United States taxpayer via an
interest-bearing account receivable or
payable in an amount corresponding to
the amount allocated under Code
section 482 from, or to, a related person
with respect to a controlled transaction.
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: Business or other forprofit organizations.
Estimated Number of Respondents:
180.
Estimated Time Per Respondent: 9
hours.
Estimated Total Annual Burden
Hours: 1,620.
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.
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. E5–3855 Filed 7–19–05; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\20JYN1.SGM
20JYN1
]]>Agencies
[Federal Register Volume 70, Number 138 (Wednesday, July 20, 2005)]
[Notices]
[Pages 41817-41818]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-3851]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 10001
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 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
[[Page 41818]]
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: Request for Closing Agreement Relating to Advance Refunding
Issue Under Sections 148 and 7121 and Revenue Procedure 96-41.
OMB Number: 1545-14922.
Form Number: 10001.
Abstract: Form 10001 is used in conjunction with a closing
agreement program involving certain issuers of tax exempt advance
refunding bonds. Revenue Procedure 96-41 established this voluntary
compliance program and prescribed the filing of Form 10001 to request a
closing agreement.
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: State, local or tribal governments, and not-for-
profit institutions.
Estimated Number of Respondents: 100.
Estimated Time Per Respondent: 3 hrs.
Estimated Total Annual Burden Hours: 300.
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: July 13, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-3851 Filed 7-19-05; 8:45 am]
BILLING CODE 4830-01-P
