Art Advisory Panel of the Commissioner of Internal Revenue, 5422-5423 [E6-1234]

Download as PDF 5422 Federal Register / Vol. 71, No. 21 / Wednesday, February 1, 2006 / Notices Approved: January 19, 2006. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E6–1288 Filed 1–31–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Forms 6559 and 6559–A 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 Form 6559, Transmitter Report and Summary of Magnetic Media and Form 6559–A, Continuation Sheet for Form 6559. 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 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: Transmitter Report and Summary of Magnetic Media (Form 6559) and Continuation Sheet for Form 6559 (Form 6559–A). OMB Number: 1545–0441. Form Numbers: 6559 and 6559–A. Abstract: Forms 6559 and 6559–A are used by filers of Form W–2 Wage and Tax Data to transmit filings on magnetic media. SSA and IRS need signed jurat and summary data for processing purposes. The forms are used primarily by large employers and tax filing services (service bureaus). Current Actions: There are no changes being made to the forms at this time. Type of Review: Extension of a currently approved collection. VerDate Aug<31>2005 17:49 Jan 31, 2006 Jkt 208001 Affected Public: Business or other forprofit organizations, not-for-profit institutions, farms, and Federal, state, local or tribal governments. Estimated Number of Respondents: 90,000. Estimated Time per Respondent: 18 min. Estimated Total Annual Burden Hours: 27,000. 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. Approved: January 17, 2006. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E6–1289 Filed 1–31–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Art Advisory Panel of the Commissioner of Internal Revenue Internal Revenue Service, Treasury. ACTION: Notice of determination of necessity for renewal of the Art Advisory Panel. AGENCY: PO 00000 Frm 00191 Fmt 4703 Sfmt 4703 SUMMARY: It is in the public interest to continue the existence of the Art Advisory Panel. The current charter of the Art Advisory Panel will be renewed for a period of two years. FOR FURTHER INFORMATION CONTACT: Karen E. Carolan, AP:ART, 1099 14th Street, NW., Room 4200E, Washington, DC 20005, Telephone No. (202) 435– 5609 (not a toll free number). Pursuant to the Federal Advisory Committee Act, 5 U.S.C. App. (1982), the Commissioner of Internal Revenue announces the renewal of the following advisory committee: Title. The Art Advisory Panel of the Commissioner of Internal Revenue. Purpose. The Panel assists the Internal Revenue Service by reviewing and evaluating the acceptability of property appraisals submitted by taxpayers in support of the fair market value claimed on works of art involved in Federal Income, Estate or Gift taxes in accordance with sections 170, 2031, and 2512 of the Internal Revenue Code of 1986. In order for the Panel to perform this function, Panel records and discussions must include tax return information. Therefore, the Panel meetings will be closed to the public since all portions of the meetings will concern matters that are exempted from disclosure under the provisions of section 552b(c)(3), (4), (6) and (7) of Title 5 of the U.S. Code. This determination, which is in accordance with section 10(d) of the Federal Advisory Committee Act, is necessary to protect the confidentiality of tax returns and return information as required by section 6103 of the Internal Revenue code. Statement of Public Interest. It is in the public interest to continue the existence of the Art Advisory Panel. The Secretary of Treasury, with the concurrence of the General Services Administration, has also approved renewal of the Panel. The membership of the Panel is balanced between museum directors and curators, art dealers and auction representatives to afford differing points of view in determining fair market value. Authority for this Panel will expire two years from the date the Charter is approved by the Assistant Secretary for Management and Chief Financial Officer and filed with the appropriate congressional committees unless, prior to the expiration of its Charter, the Panel is renewed. The Commissioner of Internal Revenue has determined that this document is not a major rule as defined in Executive Order 12291 and that a regulatory impact analysis therefore is E:\FR\FM\01FEN1.SGM 01FEN1 Federal Register / Vol. 71, No. 21 / Wednesday, February 1, 2006 / Notices not required. Neither does this document constitute a rule subject to the Regulatory Flexibility Act (5 U.S.C. Chapter 6). Mark W. Everson, Commissioner of Internal Revenue. [FR Doc. E6–1234 Filed 1–31–06; 8:45 am] cchase on PROD1PC60 with NOTICES BILLING CODE 4830–01–P VerDate Aug<31>2005 17:49 Jan 31, 2006 Jkt 208001 PO 00000 Frm 00192 Fmt 4703 Sfmt 4703 E:\FR\FM\01FEN1.SGM 01FEN1 5423

Agencies

[Federal Register Volume 71, Number 21 (Wednesday, February 1, 2006)]
[Notices]
[Pages 5422-5423]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-1234]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Art Advisory Panel of the Commissioner of Internal Revenue

AGENCY: Internal Revenue Service, Treasury.

ACTION: Notice of determination of necessity for renewal of the Art 
Advisory Panel.

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SUMMARY: It is in the public interest to continue the existence of the 
Art Advisory Panel. The current charter of the Art Advisory Panel will 
be renewed for a period of two years.

FOR FURTHER INFORMATION CONTACT: Karen E. Carolan, AP:ART, 1099 14th 
Street, NW., Room 4200E, Washington, DC 20005, Telephone No. (202) 435-
5609 (not a toll free number).
    Pursuant to the Federal Advisory Committee Act, 5 U.S.C. App. 
(1982), the Commissioner of Internal Revenue announces the renewal of 
the following advisory committee:
    Title. The Art Advisory Panel of the Commissioner of Internal 
Revenue.
    Purpose. The Panel assists the Internal Revenue Service by 
reviewing and evaluating the acceptability of property appraisals 
submitted by taxpayers in support of the fair market value claimed on 
works of art involved in Federal Income, Estate or Gift taxes in 
accordance with sections 170, 2031, and 2512 of the Internal Revenue 
Code of 1986.
    In order for the Panel to perform this function, Panel records and 
discussions must include tax return information. Therefore, the Panel 
meetings will be closed to the public since all portions of the 
meetings will concern matters that are exempted from disclosure under 
the provisions of section 552b(c)(3), (4), (6) and (7) of Title 5 of 
the U.S. Code. This determination, which is in accordance with section 
10(d) of the Federal Advisory Committee Act, is necessary to protect 
the confidentiality of tax returns and return information as required 
by section 6103 of the Internal Revenue code.
    Statement of Public Interest. It is in the public interest to 
continue the existence of the Art Advisory Panel. The Secretary of 
Treasury, with the concurrence of the General Services Administration, 
has also approved renewal of the Panel. The membership of the Panel is 
balanced between museum directors and curators, art dealers and auction 
representatives to afford differing points of view in determining fair 
market value.
    Authority for this Panel will expire two years from the date the 
Charter is approved by the Assistant Secretary for Management and Chief 
Financial Officer and filed with the appropriate congressional 
committees unless, prior to the expiration of its Charter, the Panel is 
renewed.
    The Commissioner of Internal Revenue has determined that this 
document is not a major rule as defined in Executive Order 12291 and 
that a regulatory impact analysis therefore is

[[Page 5423]]

not required. Neither does this document constitute a rule subject to 
the Regulatory Flexibility Act (5 U.S.C. Chapter 6).

Mark W. Everson,
Commissioner of Internal Revenue.
 [FR Doc. E6-1234 Filed 1-31-06; 8:45 am]
BILLING CODE 4830-01-P
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