Proposed Collection; Comment Request for Form 8882, 4211-4212 [E6-869]
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Federal Register / Vol. 71, No. 16 / Wednesday, January 25, 2006 / Notices
Title:
Clear Reflection of Income in the Case
of Hedging Transactions.
OMB Number: 1545–1412.
Regulation Project Number: FI–54–93.
Abstract: This regulation provides
guidance to taxpayers regarding when
gain or loss from common business
hedging transactions is recognized for
tax purposes and requires that the books
and records maintained by a taxpayer
disclose the method or methods used to
account for different types of hedging
transactions.
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.
Estimated Number of Respondents:
110,000.
Estimated Time per Respondent: 12
minutes.
Estimated Total Annual Burden
Hours: 22,000.
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
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.
wwhite on PROD1PC61 with NOTICES
SUPPLEMENTARY INFORMATION:
VerDate Aug<31>2005
18:26 Jan 24, 2006
Jkt 208001
Approved: January 17, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–867 Filed 1–24–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 13614(SP)
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
13614(SP), Interview and Intake Sheet.
DATES: Written comments should be
received on or before March 27, 2006 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, room 6512, 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 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:
Interview and Intake Sheet.
OMB Number: 1545–1985.
Form Number: 13614(SP).
Abstract: This Spanish version of
Form 13614(SP) is used by screeners,
preparers, or others involved in the
return preparation process to more
accurately complete tax returns of
Spanish speaking taxpayers having low
to moderate incomes. These persons
need assistance having their returns
prepared so they can fully comply with
the law.
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: Individuals or
households, Business or other for-profit
organizations.
PO 00000
Frm 00113
Fmt 4703
Sfmt 4703
4211
Estimated Number of Respondents:
85,540.
Estimated Time per Respondent: 12
minutes.
Estimated Total Annual Burden
Hours: 17,108.
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: January 18, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–868 Filed 1–24–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8882
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
E:\FR\FM\25JAN1.SGM
25JAN1
wwhite on PROD1PC61 with NOTICES
4212
Federal Register / Vol. 71, No. 16 / Wednesday, January 25, 2006 / Notices
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
8882, Credit for Employer-Provided
Child Care Facilities and Services.
DATES: Written comments should be
received on or before March 27, 2006 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, room 6512, 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 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:
Credit for Employer-Provided Child
Care Facilities and Services.
OMB Number: 1545–1809.
Form Number: 5882.
Abstract: Qualified employers use
Form 8882 to request a credit for
employer-provided child care facilities
and services. Section 45F provides
credit based on costs incurred by an
employer in providing child care
facilities and resource and referral
services. The credit is 25% of the
qualified child care expenditures plus
10% of the qualified child care resource
and referral expenditures for the tax
year, up to a maximum credit of
$150,000 per tax year.
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, and invididuals.
Estimated Number of Respondents:
666,666.
Estimated Time per Respondent: 8
hours, 14 minutes.
Estimated Total Annual Burden
Hours: 5,486,662.
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
VerDate Aug<31>2005
18:26 Jan 24, 2006
Jkt 208001
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: January 17, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–869 Filed 1–24–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[FI–34–91]
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–34–91 (TD
8396), Conclusive Presumption of
Worthlessness of Debts Held by Banks
(§ 1.166–2).
DATES: Written comments should be
received on or before March 27, 2006 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
PO 00000
Frm 00114
Fmt 4703
Sfmt 4703
Service, room 6512, 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: Conclusive Presumption of
Worthlessness of Debts Held by Banks.
OMB Number: 1545–1254.
Regulation Project Number: FI–34–91.
Abstract: Section 1.166–2(d)(3) of this
regulation allows a bank to elect to
determine the worthlessness of debts by
using a method of accounting that
conforms worthlessness for tax purposes
to worthlessness for regulatory
purposes, and establish a conclusive
presumption of worthlessness. An
election under this regulation is treated
as a change in accounting method.
Current Actions: There is no change to
these existing regulations.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
200.
Estimated Time per Respondent: 15
minutes.
Estimated Total Annual Burden
Hours: 50.
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
E:\FR\FM\25JAN1.SGM
25JAN1
]]>Agencies
[Federal Register Volume 71, Number 16 (Wednesday, January 25, 2006)]
[Notices]
[Pages 4211-4212]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-869]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8882
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
[[Page 4212]]
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 8882, Credit for Employer-Provided Child Care
Facilities and Services.
DATES: Written comments should be received on or before March 27, 2006
to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn Kirkland, Internal
Revenue Service, room 6512, 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 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: Credit for Employer-Provided Child
Care Facilities and Services.
OMB Number: 1545-1809.
Form Number: 5882.
Abstract: Qualified employers use Form 8882 to request a credit for
employer-provided child care facilities and services. Section 45F
provides credit based on costs incurred by an employer in providing
child care facilities and resource and referral services. The credit is
25% of the qualified child care expenditures plus 10% of the qualified
child care resource and referral expenditures for the tax year, up to a
maximum credit of $150,000 per tax year.
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, and
invididuals.
Estimated Number of Respondents: 666,666.
Estimated Time per Respondent: 8 hours, 14 minutes.
Estimated Total Annual Burden Hours: 5,486,662.
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: January 17, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-869 Filed 1-24-06; 8:45 am]
BILLING CODE 4830-01-P
