Proposed Collection; Comment Request for Form 8874, 62018-62019 [E5-5956]
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Federal Register / Vol. 70, No. 207 / Thursday, October 27, 2005 / Notices
DEPARTMENT OF THE TREASURY
Departmental Offices; Debt
Management Advisory Committee
Meeting
Notice is hereby given, pursuant to 5
U.S.C. App. 2, § 10(a)(2), that a meeting
will be held at the Hay-Adams Hotel,
16th Street and Pennsylvania Avenue,
NW., Washington, DC, on November 1,
2005 at 3 p.m. of the following debt
management advisory committee:
Treasury Borrowing Advisory
Committee of The Bond Market
Association (‘‘Committee’’).
The agenda for the meeting provides
for a charge by the Secretary of the
Treasury or his designate that the
Committee discuss particular issues,
and a working session. Following the
working session, the Committee will
present a written report of its
recommendations. The meeting will be
closed to the public, pursuant to 5
U.S.C. App. 2, § 10(d) and Pub. L. 103–
202, § 202(c)(1)(B) (31 U.S.C. 3121 note).
This notice shall constitute my
determination, pursuant to the authority
placed in heads of agencies by 5 U.S.C.
App. 2, § 10(d) and vested in me by
Treasury Department Order No. 101–05,
that the meeting will consist of
discussions and debates of the issues
presented to the Committee by the
Secretary of the Treasury and the
making of recommendations of the
Committee to the Secretary, pursuant to
Pub. L. 103–202, § 202(c)(1)(B). Thus,
this information is exempt from
disclosure under that provision and 5
U.S.C. 552b(c)(3)(B). In addition, the
meeting is concerned with information
that is exempt from disclosure under 5
U.S.C. 552b(c)(9)(A). The public interest
requires that such meetings be closed to
the public because the Treasury
Department requires frank and full
advice from representatives of the
financial community prior to making its
final decisions on major financing
operations. Historically, this advice has
been offered by debt management
advisory committees established by the
several major segments of the financial
community. When so utilized, such a
committee is recognized to be an
advisory committee under 5 U.S.C. App.
2, § 3.
Although the Treasury’s final
announcement of financing plans may
not reflect the recommendations
provided in reports of the Committee,
premature disclosure of the Committee’s
deliberations and reports would be
likely to lead to significant financial
speculation in the securities market.
Thus, this meeting falls within the
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exemption covered by 5 U.S.C.
552b(c)(9)(A).
Treasury staff will provide a technical
briefing to the press on the day before
the Committee meeting, following the
release of a statement of economic
conditions, financing estimates and
technical charts. This briefing will give
the press an opportunity to ask
questions about financing projections
and technical charts. The day after the
Committee meeting, Treasury will
release the minutes of the meeting, any
charts that were discussed at the
meeting, and the Committee’s report to
the Secretary. Treasury is providing less
than the standard 15 days’ notice of the
meeting due to an unusual
administrative error.
The Office of Debt Management is
responsible for maintaining records of
debt management advisory committee
meetings and for providing annual
reports setting forth a summary of
Committee activities and such other
matters as may be informative to the
public consistent with the policy of 5
U.S.C. 552(b). The Designated Federal
Officer or other responsible agency
official who may be contacted for
additional information is Jeff Huther,
Director, Office of Debt Management, at
(202) 622–1868.
Dated: October 21, 2005.
Timothy Bitsberger,
Assistant Secretary, Financial Markets.
[FR Doc. 05–21420 Filed 10–26–05; 8:45 am]
BILLING CODE 4810–25–M
DEPARTMENT OF THE TREASURY
Internal Revenue Service
from 9 a.m. to 1 p.m. in Room 3313,
main Internal Revenue Service building,
1111 Constitution Avenue, NW.,
Washington, DC 20224. Issues to be
discussed include: Redesigned Notices
and Postage Reduction, Strengthening
EITC Compliance and Outreach,
Employment Tax Pyramiding, E-services
for Reporting Agencies, Tax Shelter
Strategy, and Focus on Mid-Market
Taxpayer Compliance. Reports from the
three IRSAC sub-groups: Large and Midsize Business; Small Business/SelfEmployed; and Wage & Investment, will
also be presented and discussed. Last
minute agenda changes may preclude
advance notice. The meeting room
accommodates approximately 50
people, IRSAC members and Internal
Revenue Service officials inclusive. Due
to limited seating and security
requirements, please call Jacqueline
Tilghman to confirm your attendance.
Ms. Tilghman can be reached at 202–
622–6440. Attendees are encouraged to
arrive at least 30 minutes before the
meeting begins to allow sufficient time
for purposes of security clearance.
Please use the main entrance at 1111
Constitution Avenue to enter the
building. Should you wish the IRSAC to
consider a written statement, please call
202–622–6440, or write to: Internal
Revenue Service, Office of National
Public Liaison, CL:NPL:P, 1111
Constitution Avenue, NW., Room 7559
IR, Washington, DC 20224 or e-mail:
public_liaison@irs.gov.
Dated: October 21, 2005.
J. Chris Neighbor,
Designated Federal Official, Branch Chief,
Liaison/Tax Forum Branch.
[FR Doc. E5–5968 Filed 10–26–05; 8:45 am]
Advisory Council to the Internal
Revenue Service; Meeting
BILLING CODE 4830–01–P
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice.
DEPARTMENT OF THE TREASURY
AGENCY:
The Internal Revenue Service
Advisory Council (IRSAC) will hold a
public meeting on Thursday, November
17, 2005.
FOR FURTHER INFORMATION CONTACT: Ms.
Jacqueline Tilghman, National Public
Liaison, CL:NPL, Room 7559 IR, 1111
Constitution Avenue, NW., Washington,
DC 20224. Telephone: 202–622–6440
(not a toll-free number). E-mail address:
public_liaison@irs.gov.
SUMMARY:
Notice is
hereby given pursuant to section
10(a)(2) of the Federal Advisory
Committee Act, 5 U.S.C. App. (1988), a
public meeting of the IRSAC will be
held on Thursday, November 17, 2005,
SUPPLEMENTARY INFORMATION:
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Internal Revenue Service
Proposed Collection; Comment
Request for Form 8874
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
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Federal Register / Vol. 70, No. 207 / Thursday, October 27, 2005 / Notices
soliciting comments concerning Form
8874, New Markets Credit.
DATES: Written comments should be
received on or before December 27, 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) 622–3945, Internal Revenue
Service, room 6516, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: New Markets Credit.
OMB Number: 1545–1804.
Form Number: Form 8874.
Abstract: Investors to claim a credit
for equity investments made in
Qualified Community Development
Entities use Form 8874.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, and business or other forprofit organizations.
Estimated Number of Respondents:
10,000.
Estimated Time Per Respondent: 8
hours, 76 minutes.
Estimated Total Annual Burden
Hours: 87,600.
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
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14:12 Oct 26, 2005
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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: October 20, 2005.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–5956 Filed 10–26–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 2005–
50
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 Rev.
Proc. 2005–50, Automatic Consent for
Eligible Educational Institution to
Change Reporting Methods.
DATES: Written comments should be
received on or before December 27, 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, at Internal Revenue
Service, room 6516, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Automatic Consent for Eligible
Educational Institution to Change
Reporting Methods.
OMB Number: 1545–1952.
PO 00000
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62019
Form Number: Rev. Proc 2005–50.
Abstract: This revenue procedure
prescribes how an eligible educational
institution may obtain automatic
consent from the Service to change its
method of reporting under section
6050S of the Code and the Income Tax
Regulations.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
Households, Businesses and other forprofit organizations.
Estimated Number of Respondents:
30.
Estimated Time Per Respondent: 10
hours.
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: October 19, 2005.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–5957 Filed 10–26–05; 8:45 am]
BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 70, Number 207 (Thursday, October 27, 2005)]
[Notices]
[Pages 62018-62019]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-5956]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8874
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
[[Page 62019]]
soliciting comments concerning Form 8874, New Markets Credit.
DATES: Written comments should be received on or before December 27,
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) 622-3945, Internal Revenue Service, room 6516, 1111
Constitution Avenue NW., Washington, DC 20224, or through the Internet
at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: New Markets Credit.
OMB Number: 1545-1804.
Form Number: Form 8874.
Abstract: Investors to claim a credit for equity investments made
in Qualified Community Development Entities use Form 8874.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. This form is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, and business or other
for-profit organizations.
Estimated Number of Respondents: 10,000.
Estimated Time Per Respondent: 8 hours, 76 minutes.
Estimated Total Annual Burden Hours: 87,600.
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: October 20, 2005.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-5956 Filed 10-26-05; 8:45 am]
BILLING CODE 4830-01-P
