Proposed Collection; Comment Request for Regulation Project, 5411 [E6-1228]
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Federal Register / Vol. 71, No. 21 / Wednesday, February 1, 2006 / Notices
(e) Estimates of capital or startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
Dated: January 25, 2006.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory
Activities Division.
[FR Doc. E6–1221 Filed 1–31–06; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[IA–17–90]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
cchase on PROD1PC60 with NOTICES
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–17–90 (TD
8571), Reporting Requirements for
Recipients of Points Paid on Residential
Mortgages (§§ 1.6050H–1 and 1.6050H–
2).
DATES: Written comments should be
received on or before April 3, 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 this regulation should be
directed to R. Joseph Durbala, at (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: Reporting Requirements for
Recipients of Points Paid on Residential
Mortgages.
OMB Number: 1545–1380.
Regulation Project Number: IA–17–
90.
Abstract: These regulations require
the reporting of certain information
relating to payments of mortgage
interest. Taxpayers must separately state
VerDate Aug<31>2005
17:49 Jan 31, 2006
Jkt 208001
on Form 1098 the amount of points and
the amount of interest (other than
points) received during the taxable year
on a single mortgage and must provide
to the payer of the points a separate
statement setting forth the information
being reported to the IRS.
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:
37,644.
Estimated Time Per Respondent: 7
hrs., 31 minutes.
Estimated Total Annual Burden
Hours: 283,056.
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 23, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–1228 Filed 1–31–06; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
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5411
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Schedule F, Part I and II
(Form 1040)
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
Schedule F, Part I and II (Form 1040),
Profit or Loss From Farming.
DATES: Written comments should be
received on or before April 3, 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: Profit or Loss From Farming.
OMB Number: 1545–1975.
Form Number: Schedule F, Part I and
II (Form 1040).
Abstract: Schedule F, Part I and II
(Form 1040) is used by individuals to
report their Farm Income. The data is
used to verify that the items reported on
the form are correct and also for general
statistical use.
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, Farming.
Estimated Number of Respondents:
1,323,640.
Estimated Time Per Respondent: 5
hours 53 minutes.
Estimated Total Annual Burden
Hours: 7,796,240.
E:\FR\FM\01FEN1.SGM
01FEN1
]]>Agencies
[Federal Register Volume 71, Number 21 (Wednesday, February 1, 2006)]
[Notices]
[Page 5411]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-1228]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[IA-17-90]
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-17-90 (TD 8571), Reporting Requirements
for Recipients of Points Paid on Residential Mortgages (Sec. Sec.
1.6050H-1 and 1.6050H-2).
DATES: Written comments should be received on or before April 3, 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 this regulation should be directed to R. Joseph Durbala, at
(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: Reporting Requirements for Recipients of Points Paid on
Residential Mortgages.
OMB Number: 1545-1380.
Regulation Project Number: IA-17-90.
Abstract: These regulations require the reporting of certain
information relating to payments of mortgage interest. Taxpayers must
separately state on Form 1098 the amount of points and the amount of
interest (other than points) received during the taxable year on a
single mortgage and must provide to the payer of the points a separate
statement setting forth the information being reported to the IRS.
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.
Estimated Number of Respondents: 37,644.
Estimated Time Per Respondent: 7 hrs., 31 minutes.
Estimated Total Annual Burden Hours: 283,056.
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 23, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-1228 Filed 1-31-06; 8:45 am]
BILLING CODE 4830-01-P
