Proposed Collection; Comment Request for Regulation Project, 71603-71604 [E5-6613]
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Federal Register / Vol. 70, No. 228 / Tuesday, November 29, 2005 / Notices
information on international portfolio
capital movements, including U.S.
residents’ holdings of, and transactions
in, financial derivatives contracts with
foreign residents. The information will
be used in the computation of the U.S.
balance of payments accounts and
international investment position, as
well as in the formulation of U.S.
international financial and monetary
policies.
Respondents: Business or other forprofit.
Estimated Total Burden Hours: 5,490
hours.
Clearance Officer: Dwight Wolkow,
(202) 622–1276, Department of
Treasury, Room 4410–1440NYA, 1500
Pennsylvania Avenue, NW.,
Washington, DC 20220.
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. E5–6673 Filed 11–28–05; 8:45 am]
BILLING CODE 4810–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8023
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
8023, Elections Under Section 338 for
Corporations Making Qualified Stock
Purchases.
Written comments should be
received on or before January 30, 2006
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
DATES:
VerDate Aug<31>2005
20:13 Nov 28, 2005
Jkt 208001
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: Elections Under Section 338 for
Corporations Making Qualified Stock
Purchases.
OMB Number: 1545–1428.
Form Number: 8023.
Abstract: Form 8023 is used by a
corporation that acquires the stock of
another corporation to elect to treat the
purchase of stock as a purchase of the
other corporation’s assets. This election
allows the acquiring corporation to
depreciate these assets and claim a
deduction on its income tax return. IRS
uses Form 8023 to determine if the
election is properly made and as a check
against the acquiring corporation’s
deduction for depreciation. The form is
also used to determine if the selling
corporation reports the amount of sale
in its income.
Current Actions: There are no changes
being made to Form 8023 at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
201.
Estimated Time Per Respondent: 12
hr., 44 min.
Estimated Total Annual Burden
Hours: 5,559.
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
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71603
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: November 18, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–6612 Filed 11–28–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[FI–189–84]
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, FI–189–84 (TD
8517), Debt Instruments With Original
Issue Discount; Imputed Interest on
Deferred Payment Sales or Exchanges of
Property (§§ 1.1272–3, 1.1273–2(h),
1.1274–3(d), 1.1274–5(b), 1.1274A–1(c),
and 1.1274–3(b)).
DATES: Written comments should be
received on or before January 30, 2006
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 Allan Hopkins, at (202) 622–
3869, or at Internal Revenue Service,
room 6516, Constitution Avenue NW.,
Washington, DC 20224, or through the
Internet, at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Debt Instruments With Original
Issue Discount; Imputed Interest on
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71604
Federal Register / Vol. 70, No. 228 / Tuesday, November 29, 2005 / Notices
Deferred Payment Sales or Exchanges of
Property.
OMB Number: 1545–1353.
Regulation Project Number: FI–189–
84.
Abstract: This regulation provides
definitions, reporting requirements,
elections, and general rules relating to
the tax treatment of debt instruments
with original issue discount and the
imputation of, and accounting for,
interest on certain sales or exchanges of
property.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organizations, farms and state, local or
tribal governments.
Estimated Number of Respondents:
525,000.
Estimated Time Per Respondent: 21
min.
Estimated Total Annual Burden
Hours: 185,500
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.
VerDate Aug<31>2005
20:13 Nov 28, 2005
Jkt 208001
Approved: November 16, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5–6613 Filed 11–28–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Open Meeting of the Joint Committee
of the Taxpayer Advocacy Panel
Internal Revenue Service (IRS)
Treasury.
AGENCY:
Internal Revenue Service
ACTION:
Open Meeting of the Ad Hoc
Committee of the Taxpayer Advocacy
Panel
SUMMARY: An open meeting of the Joint
Committee of the Taxpayer Advocacy
Panel will be conducted via
teleconference. The Taxpayer Advocacy
Panel is soliciting public comment,
ideas, and suggestions on improving
customer service at the Internal Revenue
Service.
Internal Revenue Service (IRS),
Treasury.
AGENCY:
ACTION:
Notice.
SUMMARY: An open meeting of the Ad
Hoc Committee of the Taxpayer
Advocacy Panel will be conducted (via
teleconference). The Taxpayer
Advocacy Panel is soliciting public
comments, ideas and suggestions on
improving customer service at the
Internal Revenue Service.
The meeting will be held
Tuesday, December 20, 2005 from 1
p.m. to 2 p.m. ET.
DATES:
Inez
De Jesus at 1–888–912–1227, or 954–
423–7977.
FOR FURTHER INFORMATION CONTACT:
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 will be held
Tuesday, December 20, 2005, from 1
p.m. to 2 p.m. ET via a telephone
conference call. If you would like to
have the TAP consider a written
statement, please call 1–888–912–1227
or 954–423–7977, or write Inez De Jesus,
TAP Office, 1000 South Pine Island
Road, Suite 340, Plantation, FL 33324.
Due to limited conference lines,
notification of intent to participate in
the telephone conference call meeting
must be made with Inez De Jesus. Ms.
De Jesus can be reached at 1–888–912–
1227 or 954–423–7977, or post
comments to the Web site: https://
www.improveirs.org.
The agenda will include: Various IRS
issues.
SUPPLEMENTARY INFORMATION:
Dated: November 21, 2005.
John Fay,
Acting Director, Taxpayer Advocacy Panel.
[FR Doc. E5–6610 Filed 11–28–05; 8:45 am]
Notice
The meeting will be held
Wednesday, December 21, at 1 p.m.,
Eastern Time.
DATES:
FOR FURTHER INFORMATION CONTACT:
Barbara Toy at 1–888–912–1227, or
414–297–1611.
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 Joint
Committee of the Taxpayer Advocacy
Panel (TAP) will be held Wednesday,
December 21, 2005, at 1 p.m. Eastern
Time via a telephone conference call. If
you would like to have the Joint
Committee of TAP consider a written
statement, please call 1–888–912–1227
or 414–297–1611, or write Barbara Toy,
TAP Office, MS–1006–MIL, 310 West
Wisconsin Avenue, Milwaukee, WI
53203–2221, or FAX to 414–297–1623,
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 Barbara Toy.
Ms. Toy can be reached at 1–888–
912–1227, or 414–297–1611, or by FAX
at 414–297–1623.
The agenda will include the
following: monthly committee summary
report, discussion of issues brought to
the joint committee, office report, and
discussion of next meeting.
SUPPLEMENTARY INFORMATION:
Dated: November 18, 2005.
Martha Curry,
Acting Director, Taxpayer Advocacy Panel.
[FR Doc. E5–6611 Filed 11–28–05; 8:45 am]
BILLING CODE 4830–01–P
BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 70, Number 228 (Tuesday, November 29, 2005)]
[Notices]
[Pages 71603-71604]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-6613]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[FI-189-84]
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, FI-189-84 (TD 8517), Debt Instruments With
Original Issue Discount; Imputed Interest on Deferred Payment Sales or
Exchanges of Property (Sec. Sec. 1.1272-3, 1.1273-2(h), 1.1274-3(d),
1.1274-5(b), 1.1274A-1(c), and 1.1274-3(b)).
DATES: Written comments should be received on or before January 30,
2006 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 Allan Hopkins, at (202)
622-3869, or at Internal Revenue Service, room 6516, Constitution
Avenue NW., Washington, DC 20224, or through the Internet, at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Debt Instruments With Original Issue Discount; Imputed
Interest on
[[Page 71604]]
Deferred Payment Sales or Exchanges of Property.
OMB Number: 1545-1353.
Regulation Project Number: FI-189-84.
Abstract: This regulation provides definitions, reporting
requirements, elections, and general rules relating to the tax
treatment of debt instruments with original issue discount and the
imputation of, and accounting for, interest on certain sales or
exchanges of property.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, farms and state, local or tribal governments.
Estimated Number of Respondents: 525,000.
Estimated Time Per Respondent: 21 min.
Estimated Total Annual Burden Hours: 185,500
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: November 16, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-6613 Filed 11-28-05; 8:45 am]
BILLING CODE 4830-01-P
