Proposed Collection; Comment Request for Form 5472, 4399-4400 [E6-995]
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rwilkins on PROD1PC63 with NOTICES
Federal Register / Vol. 71, No. 17 / Thursday, January 26, 2006 / Notices
Treasury, 1500 Pennsylvania Avenue,
NW., Annex—2d Floor, Washington, DC
20220.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information
about the filings or procedures should
be directed to the Licensing Division,
Office of Foreign Assets Control,
Department of the Treasury, 1500
Pennsylvania Avenue, NW., Annex—2d
Floor, Washington, DC 20220.
SUPPLEMENTARY INFORMATION:
Title: Reporting, Procedures and
Penalties Regulations.
OMB Number: 1505–0164.
Agency Form Number: TD–F–90–
22.50.
Abstract: The collections of
information are contained in §§ 501.601
through 501.605, 501.801, and 501.803
through 501.807 and pertain to the
operation of various economic sanctions
programs administered by OFAC under
31 CFR Chapter V. Section 501.601
relates to the maintenance of records
and § 501.602 relates to OFAC demands
for information relative to any
transaction or property subject to the
provisions of 31 CFR Chapter V. Section
501.603 imposes reporting requirements
pertaining to blocked assets and
retained funds transfers. This
information is required by OFAC to
monitor compliance with regulatory
requirements, to support diplomatic
negotiations concerning the targets of
sanctions, and to support settlement
negotiations addressing U.S. claims.
Section 501.604 requires the filing of
reports for compliance purposes by U.S.
financial institutions where a funds
transfer is not required to be blocked but
is rejected because the underlying
transaction is otherwise prohibited.
Section 501.605 requires reporting of
information pertaining to litigation,
arbitration, and other binding
alternative dispute resolution
proceedings in the United States to
prevent the intentional or inadvertent
transfer through such proceedings of
blocked property or retained funds.
Sections 501.801 and 501.803 through
501.805 relate to license requests; the
amendment, modification or revocation
of licenses; rulemaking; and document
requests. Section 501.806 sets forth the
procedures to be followed by a person
seeking to have funds released at a
financial institution if the person
believes that the funds were blocked
due to mistaken identity. Section
501.807 sets forth the procedures to be
followed by persons seeking
administrative reconsideration of their
designation or that of a vessel as
blocked, or who wish to assert that the
VerDate Aug<31>2005
16:10 Jan 25, 2006
Jkt 205001
circumstances resulting in the
designation are no longer applicable.
The likely respondents and
recordkeepers affected by the
information collections contained in
part 501 are financial institutions,
business organizations, and legal
representatives. The estimated total
annual reporting and/or recordkeeping
burden is approximately 26,250 hours.
The estimated annual burden per
respondent/record keeper varies from
thirty minutes to 10 hours, depending
on individual circumstances, with an
estimated average of 1.25 hours. The
estimated number of respondents and/or
record keepers is 21,000. The estimated
annual frequency of responses: 1–12.
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: Financial
institutions, business organizations, and
legal representatives.
Estimated Number of Respondents:
21,000.
Estimated Time Per Respondent: 1.25
hours.
Estimated Total Annual Burden
Hours: 26,250.
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 for five
years.
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 has 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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4399
Approved: January 20, 2006.
Jamal El-Hindi,
Associate Director, Program Policy &
Implementation, Office of Foreign Assets
Control.
[FR Doc. E6–978 Filed 1–25–06; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 5472
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
5472, Information Return of a 25%
Foreign-Owned U.S. Corporation or a
Foreign Corporation Engaged in a U.S.
Trade or Business.
DATES: Written comments should be
received on or before March 27, 2006 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,
at (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:
Title: Information Return of a 25%
Foreign-Owned U.S. Corporation or a
Foreign Corporation Engaged in a U.S.
Trade or Business.
OMB Number: 1545–0805.
Form Number: 5472.
Abstract: Form 5472 is used to report
information about transactions between
a U.S. corporation that is 25% foreign
owned or a foreign corporation that is
engaged in a U.S. trade or business and
related foreign parties. The IRS uses
Form 5472 to determine if inventory or
other costs deducted by the U.S. or
foreign corporation are correct.
E:\FR\FM\26JAN1.SGM
26JAN1
4400
Federal Register / Vol. 71, No. 17 / Thursday, January 26, 2006 / Notices
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.
Estimated Number of Responses:
103,784.
Estimated Time Per Response: 24 hrs.
46 min.
Estimated Total Annual Burden
Hours: 2,569,692.
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 19, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–995 Filed 1–25–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
rwilkins on PROD1PC63 with NOTICES
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8908
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
VerDate Aug<31>2005
16:10 Jan 25, 2006
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
8908, Energy Efficient Home Credit.
DATES: Written comments should be
received on or before March 27, 2006 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: Energy Efficient Home Credit.
OMB Number: 1545–1979
Form Number: 8908.
Abstract: Congress passed Public Law
109–58, the Energy Policy Act of 2005,
on August 8, 2005, enacting legislation
providing a tax credit for contractors
producing new energy efficient homes.
We created Form 8908 to reflect new
code section 45L which allows qualified
contractors to claim a credit for each
qualified energy-efficient home sold in
tax years ending after December 31,
2005. The new credit ($2,000 or $1,000)
is based on the energy saving
requirements of the home. To qualify for
the credit, the home must be acquired
after 2005 but before January 2008.
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: Businesses and other
for-profit organizations.
Estimated Number of Respondents:
300,000.
Estimated Time Per Respondent: 2
hours, 35 minutes.
Estimated Total Annual Burden
Hours: 777,000.
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 00055
Fmt 4703
Sfmt 4703
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 P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–996 Filed 1–25–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8508
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
8508, Request for Waiver From Filing
Information Returns Electronically/
Magnetically (Forms W–2, W–2G, 1042–
E:\FR\FM\26JAN1.SGM
26JAN1
]]>Agencies
[Federal Register Volume 71, Number 17 (Thursday, January 26, 2006)]
[Notices]
[Pages 4399-4400]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-995]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 5472
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 5472, Information Return of a 25% Foreign-Owned U.S. Corporation
or a Foreign Corporation Engaged in a U.S. Trade or Business.
DATES: Written comments should be received on or before March 27, 2006
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, at (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:
Title: Information Return of a 25% Foreign-Owned U.S. Corporation
or a Foreign Corporation Engaged in a U.S. Trade or Business.
OMB Number: 1545-0805.
Form Number: 5472.
Abstract: Form 5472 is used to report information about
transactions between a U.S. corporation that is 25% foreign owned or a
foreign corporation that is engaged in a U.S. trade or business and
related foreign parties. The IRS uses Form 5472 to determine if
inventory or other costs deducted by the U.S. or foreign corporation
are correct.
[[Page 4400]]
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.
Estimated Number of Responses: 103,784.
Estimated Time Per Response: 24 hrs. 46 min.
Estimated Total Annual Burden Hours: 2,569,692.
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 19, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-995 Filed 1-25-06; 8:45 am]
BILLING CODE 4830-01-P
