Proposed Collection; Comment Request for Form 1099-C, 42147 [E5-3875]
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Federal Register / Vol. 70, No. 139 / Thursday, July 21, 2005 / Notices
businesses. TTB F 5630.5 and/or TTB F
5630.7 is used to both compute and
report the tax, and as an application for
registry as required by statute. Upon
receipt of the tax, a special tax stamp is
issued.
Current Actions: TTB F 5630.7 is
being dropped from our inventory; it is
now a Bureau of Alcohol, Tobacco,
Firearms and Explosives (Justice
Department) form (ATF F 5630.7). There
are no changes to TTB F 5630.5, and it
is being submitted for extension
purposes only.
Type of Review: Extension.
Affected Public: Business and other
for-profit.
Estimated Number of Respondents:
90,700.
Estimated Total Annual Burden
Hours: 72,778.
Dated: July 14, 2005.
William H. Foster,
Chief, Regulations and Procedures Division.
[FR Doc. 05–14349 Filed 7–20–05; 8:45 am]
BILLING CODE 4810–31–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1099–C
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
1099–C, Cancellation of Debt.
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 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.
VerDate jul<14>2003
19:42 Jul 20, 2005
Jkt 205001
SUPPLEMENTARY INFORMATION:
Title: Cancellation of Debt.
OMB Number: 1545–1424.
Form Number: 1099–C.
Abstract: Form 1099–C is used by
Federal government agencies, financial
institutions, and credit unions to report
the cancellation or forgiveness of a debt
of $600 or more, as required by section
6050P of the Internal Revenue Code.
The IRS uses the form to verify
compliance with the reporting rules and
to verify that the debtor has included
the proper amount of canceled debt in
income on his or her income tax return.
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: Business or other forprofit organizations, not-for-profit
institutions, and the Federal
government.
Estimated Number of Responses:
647,993.
Estimated Time Per Response: 10 min.
Estimated Total Annual Burden
Hours: 110,159.
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.
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42147
Approved: July 14, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–3875 Filed 7–20–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Open Meeting of the Ad Hoc
Committee of the Taxpayer Advocacy
Panel
Internal Revenue Service (IRS),
Treasury.
AGENCY:
ACTION:
Amended notice.
SUMMARY: An open meeting of the Ad
Hoc Committee of the Taxpayer
Advocacy Panel will be conducted (via
teleconference). The TAP will be
discussing issues pertaining to lessoning
the burden for individuals.
Recommendations for IRS systemic
changes will be developed.
The meeting will be held
Monday, August 22, 2005.
DATES:
FOR FURTHER INFORMATION CONTACT:
Mary O’Brien at 1–888–912–1227, or
206 220–6096.
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 Ad Hoc
Committee of the Taxpayer Advocacy
Panel was published in the Federal
Register on July 11, 2005, to be held
Monday, August 8, 2005 from 4 p.m.
eastern time to 5 p.m. eastern time via
a telephone conference call. This
meeting has been rescheduled to August
22, 2005, from 1 p.m. to 2 p.m. eastern
time, via telephone conference call. If
you would like to have the TAP
consider a written statement, please call
1–888–912–1227 or 206–220–6096, or
write to Mary O’Brien, TAP Office, 915
2nd Avenue, MS W–406, Seattle, WA
98174 or you can contact us at https://
www.improveirs.org. Due to limited
conference lines, notification of intent
to participate in the telephone
conference call meeting must be made
with Mary O’Brien. Ms. O’Brien can be
reached at 1–888–912–1227 or 206–
220–6096.
The agenda will include the
following: Various IRS issues.
SUPPLEMENTARY INFORMATION:
Dated: July 15, 2005.
Bernard E. Coston,
Director, Taxpayer Advocacy Panel.
[FR Doc. E5–3874 Filed 7–20–05; 8:45 am]
BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 70, Number 139 (Thursday, July 21, 2005)]
[Notices]
[Page 42147]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-3875]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1099-C
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 1099-C, Cancellation of Debt.
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 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: Cancellation of Debt.
OMB Number: 1545-1424.
Form Number: 1099-C.
Abstract: Form 1099-C is used by Federal government agencies,
financial institutions, and credit unions to report the cancellation or
forgiveness of a debt of $600 or more, as required by section 6050P of
the Internal Revenue Code. The IRS uses the form to verify compliance
with the reporting rules and to verify that the debtor has included the
proper amount of canceled debt in income on his or her income tax
return.
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: Business or other for-profit organizations, not-
for-profit institutions, and the Federal government.
Estimated Number of Responses: 647,993.
Estimated Time Per Response: 10 min.
Estimated Total Annual Burden Hours: 110,159.
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 14, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-3875 Filed 7-20-05; 8:45 am]
BILLING CODE 4830-01-P
