Proposed Collection; Comment Request for Revenue Procedure 97-22, 5413-5414 [E6-1233]
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cchase on PROD1PC60 with NOTICES
Federal Register / Vol. 71, No. 21 / Wednesday, February 1, 2006 / Notices
start up costs related to eligible
retirement plans. Form 8881
implements section 45E, which
provides a credit based on costs
incurred by an employer in establishing
or administering an eligible employer
plan or for the retirement-related
education of employees with respect to
the plan. The credit is 50% of the
qualified costs for the tax year, up to a
maximum credit of $500 for the first tax
year and each of the two subsequent tax
years.
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 Respondents:
66,667.
Estimated Time Per Respondent: 7
hours, 54 minutes.
Estimated Total Annual Burden
Hours: 526,670.
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
17:49 Jan 31, 2006
Jkt 208001
Approved: January 20, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–1231 Filed 1–31–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 96–60
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
Revenue Procedure 96–60, Procedure
for filing Forms W–2 in certain
acquisitions.
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 revenue procedure 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.
DATES:
SUPPLEMENTARY INFORMATION:
Title: Procedure for filing Forms W–
2 in certain acquistions.
OMB Number: 1545–1510.
Revenue Procedure Number: Revenue
Procedure 96–60.
Abstract: The information is required
by the Internal Revenue Service to assist
predecessor and successor employers in
complying with the reporting
requirements under Internal Revenue
Code sections 6051 and 6011 for Forms
W–2 and 941.
Current Actions: There are no changes
being made to the revenue procedure at
this time.
Type of Review: Extension of a
currently approved collection.
PO 00000
Frm 00182
Fmt 4703
Sfmt 4703
5413
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
553,500.
Estimated Time Per Respondent: 12
minutes.
Estimated Total Annual Burden
Hours: 110,700.
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. E6–1232 Filed 1–31–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 97–22
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: The Department of the
Treasury, as part of its continuing effort
E:\FR\FM\01FEN1.SGM
01FEN1
cchase on PROD1PC60 with NOTICES
5414
Federal Register / Vol. 71, No. 21 / Wednesday, February 1, 2006 / Notices
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
Revenue Procedure 97–22, 26 CFR
601.105 Examination of returns and
claims for refund, credits or abatement;
determination of correct tax liability.
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 revenue procedure 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: 26 CFR 601.105 Examination of
returns and claims for refund, credits or
abatement; determination of correct tax
liability.
OMB Number: 1545–1533.
Revenue Procedure Number: Revenue
Procedure 97–22.
Abstract: This revenue procedure
provides guidance to taxpayers who
maintain books and records by using an
electronic storage system that either
images their paper books and records or
transfers their computerized books and
records to an electronic storage media,
such as an optical disk. The information
requested in the revenue procedure is
required to ensure that records
maintained in an electronic storage
system will constitute records within
the meaning of Internal Revenue Code
section 6001.
Current Actions: There are no changes
being made to the revenue procedure at
this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organizations, not-for-profit institutions,
farms, Federal Government, and state,
local or tribal governments.
Estimated Number of Respondents:
50,000.
Estimated Time Per Respondent: 20
hours, 1 minute.
Estimated Total Annual Burden
Hours: 1,000,400.
VerDate Aug<31>2005
17:49 Jan 31, 2006
Jkt 208001
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,
RS Reports Clearance Officer.
[FR Doc. E6–1233 Filed 1–31–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–106871–00 (Final)]
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,
PO 00000
Frm 00183
Fmt 4703
Sfmt 4703
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning an
existing notice of proposed rulemaking,
REG–106871–00 (Final), Reporting
Requirements for Widely Held Fixed
Investment Trusts (§ 1.671–5).
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 regulation should be
directed to R. Joseph Durbala, (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: Reporting Requirements for
Widely Held Fixed Investment Trusts.
OMB Number: 1545–1540.
Regulation Project Number: REG–
106871–00 (Final).
Abstract: Under regulation section
1.671–5, the trustee or the middleman
who holds an interest in a widely held
fixed investment trust for an investor
will be required to provide a Form 1099
to the IRS and a tax information
statement to the investor. The trust is
also required to provide more detailed
tax information to middlemen and
certain other persons, upon request.
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:
1,200.
Estimated Time Per Respondent: 2
hours.
Estimated Total Annual Burden
Hours: 2,400.
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
E:\FR\FM\01FEN1.SGM
01FEN1
]]>Agencies
[Federal Register Volume 71, Number 21 (Wednesday, February 1, 2006)]
[Notices]
[Pages 5413-5414]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-1233]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure 97-22
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort
[[Page 5414]]
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
Revenue Procedure 97-22, 26 CFR 601.105 Examination of returns and
claims for refund, credits or abatement; determination of correct tax
liability.
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 revenue procedure 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: 26 CFR 601.105 Examination of returns and claims for refund,
credits or abatement; determination of correct tax liability.
OMB Number: 1545-1533.
Revenue Procedure Number: Revenue Procedure 97-22.
Abstract: This revenue procedure provides guidance to taxpayers who
maintain books and records by using an electronic storage system that
either images their paper books and records or transfers their
computerized books and records to an electronic storage media, such as
an optical disk. The information requested in the revenue procedure is
required to ensure that records maintained in an electronic storage
system will constitute records within the meaning of Internal Revenue
Code section 6001.
Current Actions: There are no changes being made to the revenue
procedure at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, not-for-profit institutions, farms, Federal
Government, and state, local or tribal governments.
Estimated Number of Respondents: 50,000.
Estimated Time Per Respondent: 20 hours, 1 minute.
Estimated Total Annual Burden Hours: 1,000,400.
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,
RS Reports Clearance Officer.
[FR Doc. E6-1233 Filed 1-31-06; 8:45 am]
BILLING CODE 4830-01-P
