Proposed Collection; Comment Request for Regulation Project, 53831-53832 [E5-4951]
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Federal Register / Vol. 70, No. 175 / Monday, September 12, 2005 / Notices
information and financial ability to
enter into an installment agreement for
payment of taxes. The form is used by
IRS to establish a payment plan for taxes
owed to the federal government, if
appropriate, and to inform taxpayers
about the application fee and their
financial responsibilities.
Respondents: Individuals or
households.
Estimated Total Burden Hours:
805,600 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.
Michael A. Robinson,
Treasury PRA Clearance Officer.
[FR Doc. 05–17962 Filed 9–9–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Public Meeting of the President’s
Advisory Panel on Federal Tax Reform
Department of the Treasury.
Change in meeting date.
AGENCY:
ACTION:
Dated: September 8, 2005.
Mark S. Kaizen,
Designated Federal Officer.
[FR Doc. 05–18143 Filed 9–9–05; 8:45 am]
BILLING CODE 4811–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 5305–SEP
Internal Revenue Service (IRS),
Treasury.
VerDate Aug<18>2005
15:25 Sep 09, 2005
Jkt 205001
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
5305–SEP, Simplified Employee
Pension-Individual Retirement
Accounts Contribution Agreement.
DATES: Written comments should be
received on or before November 14,
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:
SUMMARY: This notice advises all
interested persons of change in the date
of a public meeting of the President’s
Advisory Panel on Federal Tax Reform.
DATES: The meeting scheduled to be
held on Thursday, September 15, 2005,
has been postponed. This meeting will
be rescheduled and announced at a later
date.
FOR FURTHER INFORMATION CONTACT: The
Panel staff at (202) 927–2TAX (927–
2829) (not a toll-free call) or e-mail
info@taxreformpanel.gov (please do not
send comments to this box). Additional
information is available at https://
www.taxreformpanel.gov.
AGENCY:
Notice and request for
comments.
ACTION:
Title: Simplified Employee PensionIndividual Retirement Accounts
Contribution Agreement.
OMB Number: 1545–0499.
Form Number: 5305–SEP.
Abstract: Form 5305 -SEP is used by
an employer to make an agreement
provide benefits to all employees under
a Simplified Employee Pension (SEP)
described in Internal Revenue Code
section 408(k). This form is not to be
filed with the IRS but is to be retained
in the employer’s records as proof of
establishing a SEP and justifying a
deduction for contributions to the SEP.
Current Actions: There are no changes
being made to form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
100,000.
Estimated Time Per Respondent: 4 hr.
57 min.
Estimated Total Annual Burden
Hours: 495,000.
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
PO 00000
Frm 00059
Fmt 4703
Sfmt 4703
53831
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: September 2, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–4950 Filed 9–9–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[IA–38–90]
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 an
existing final regulation, IA–38–90 (TD
8382), Penalty on Income Tax Return
E:\FR\FM\12SEN1.SGM
12SEN1
53832
Federal Register / Vol. 70, No. 175 / Monday, September 12, 2005 / Notices
Preparers Who Understate Taxpayer’s
Liability on a Federal Income Tax
Return or a Claim for Refund
(§§ 1.6694–2(c) and 1.6694–3(e)).
DATES: Written comments should be
received on or before November 14,
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 this regulation 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: Penalty on Income Tax Return
Preparers Who Understate Taxpayer’s
Liability on a Federal Income Tax
Return or Claim for Refund.
OMB Number: 1545–1231.
Regulation Project Number: IA–38–90
(Final).
Abstract: These regulations set forth
rules under section 6694 of the Internal
Revenue Code regarding the penalty for
understatement of a taxpayer’s liability
on a Federal income tax return or claim
for refund. In certain circumstances, the
preparer may avoid the penalty by
disclosing on a Form 8275 or by
advising the taxpayer or another
preparer that disclosure is necessary.
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, and individuals or
households.
Estimated Number of Respondents:
100,000.
Estimated Time Per Respondent: 30
min.
Estimated Total Annual Burden
Hours: 50,000 hours.
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
VerDate Aug<18>2005
15:25 Sep 09, 2005
Jkt 205001
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: September 2, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–4951 Filed 9–9–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Notice 99–43
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
99–43, Nonrecognition Exchanges under
Section 897.
DATES: Written comments should be
received on or before November 14,
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 this regulation should be
directed to R. Joseph Durbala, (202)
622–3634, Internal Revenue Service,
room 6516, 1111 Constitution Avenue
PO 00000
Frm 00060
Fmt 4703
Sfmt 4703
NW., Washington, DC 20224, or through
the Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Nonrecognition Exchanges
under Section 897.
OMB Number: 1545–1660.
Notice Number: Notice 99–43.
Abstract: Notice 99–43 announces
modification of the current rules under
Temporary Regulation section 1.897–
6T(a)(1) regarding transfers, exchanges
and other dispositions of U.S. real
property interests in nonrecognition
transactions occurring after June 18,
1980. The notice provides that, contrary
to section 1.897–6T(a)(1), a foreign
taxpayer will not recognize a gain under
Code 897(e) for an exchange described
in Code section 368(a)(1)(E) or (F),
provided the taxpayer receives
substantially identical shares of the
same domestic corporation with the
same divided rights, voting power,
liquidation preferences, and
convertability as the shares exchanged
without any additional rights or
features.
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 organizations, and individuals or
households.
Estimated Number of Respondents:
100.
Estimated Time Per Respondent: 2
hours.
Estimated Total Annual Burden
Hours: 200.
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.
E:\FR\FM\12SEN1.SGM
12SEN1
]]>Agencies
[Federal Register Volume 70, Number 175 (Monday, September 12, 2005)]
[Notices]
[Pages 53831-53832]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-4951]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[IA-38-90]
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, IA-38-90 (TD 8382), Penalty on Income Tax
Return
[[Page 53832]]
Preparers Who Understate Taxpayer's Liability on a Federal Income Tax
Return or a Claim for Refund (Sec. Sec. 1.6694-2(c) and 1.6694-3(e)).
DATES: Written comments should be received on or before November 14,
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 this regulation 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: Penalty on Income Tax Return Preparers Who Understate
Taxpayer's Liability on a Federal Income Tax Return or Claim for
Refund.
OMB Number: 1545-1231.
Regulation Project Number: IA-38-90 (Final).
Abstract: These regulations set forth rules under section 6694 of
the Internal Revenue Code regarding the penalty for understatement of a
taxpayer's liability on a Federal income tax return or claim for
refund. In certain circumstances, the preparer may avoid the penalty by
disclosing on a Form 8275 or by advising the taxpayer or another
preparer that disclosure is necessary.
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, and
individuals or households.
Estimated Number of Respondents: 100,000.
Estimated Time Per Respondent: 30 min.
Estimated Total Annual Burden Hours: 50,000 hours.
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: September 2, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-4951 Filed 9-9-05; 8:45 am]
BILLING CODE 4830-01-P
