Proposed Collection: Comment Request for Form TD F 90-22.1, 13674-13675 [06-2541]
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Federal Register / Vol. 71, No. 51 / Thursday, March 16, 2006 / Notices
Type of Review: Extension.
Title: REG–124069–02 (Final) Section
6038—Returns Required with Respect to
Controlled Foreign Partnerships; REG–
118966–97 (Final) Information
Reporting With Respect to Certain
Foreign Partnership and Certain Foreign
Corporations.
Description: REG–124069–02
Treasury Regulation Section 1.6038–3
requires certain United States person
who own interests in controlled foreign
partnerships to annually report
information to the IRS on Form 8865.
This regulation amends the reporting
rules under Treasury Regulation section
1.6038–e to provide that a U.S. person
must follow the filing requirements that
are specified in the instructions for
Form 8865 when the U.S. person must
file Form 8865 and the foreign
partnership completes and files Form
1065 or Form 1065–B. REG–118966–97
section 6038 requires certain U.S.
persons who own interest in controlled
foreign partnerships or certain foreign
corporations to annually report
information to the IRS. This regulation
provides reporting rules to identify
foreign partnerships and foreign
corporations which are controlled by
U.S. persons.
Respondents: Individuals or
households; business or other for-profit.
Estimated Total Burden Hours: 500
hours.
OMB Number: 1545–1968.
Type of Review: Extension.
Title: Alternative Tax on Qualifying
Shipping Activities.
Form: IRS Form–8902.
Description: Form 8902 is used to
elect the alternative tax on notional
income from qualifying shipping
activities and to figure the alternative
tax.
Respondents: Business or other forprofit.
Estimated Total Burden Hours: 3,056
hours.
Clearance Officer: Glenn P. Kirkland,
(202) 622–3428, Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt,
(202) 395–7316, Office of Management
and Budget, Room 10235, New
Executive Office Building, Washington,
DC 20503.
Michael A. Robinson,
Treasury PRA Clearance Officer.
[FR Doc. E6–3808 Filed 3–15–06; 8:45 am]
BILLING CODE 4830–01–P
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DEPARTMENT OF THE TREASURY
Fiscal Service
Financial Management Service;
Proposed Collection of Information:
Electronic Transfer Account (ETA)
Financial Agency Agreement
Financial Management Service,
Fiscal Service, Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: The Financial Management
Service, 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 a
continuing information collection. By
this notice, the Financial Management
Service solicits comments concerning
form FMS–111, ‘‘Electronic Transfer
Account (ETA) Financial Agency
Agreement.’’
Written comments should be
received on or before May 15, 2006.
ADDRESSES: Direct all written comments
to Financial Management Service, 3700
East West Highway, Records and
Information Management Branch, Room
135, Hyattsville, Maryland 20782.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form(s) and instructions
should be directed to Sally Phillips,
Director, EFT Strategy Division, 401
14th Street, SW., Washington, DC
20227, (202) 874–7106.
SUPPLEMENTARY INFORMATION: Pursuant
to the Paperwork Reduction Act of 1995,
(44 U.S.C. 3506(c)(2)(A)), the Financial
Management Service solicits comments
on the collection of information
described below:
Title: Electronic Transfer Account
(ETA) Financial Agency Agreement.
OMB Number: 1510–0073.
Form Number: FMS 111.
Abstract: Any financial institution
that offers the ETA must do so subject
to the terms and conditions of the
agreement. The agreement incorporated
the final features of the account and
other account criteria, such as standards
for opening and closing accounts.
Current Actions: Extension of
currently approved collection.
Type of Review: Regular.
Affect Public: Federal insured
financial institutions.
Estimated Number of Respondents:
20.
Estimated Time Per Respondents: 2
hours.
Estimated Total Annual Burden
Hours: 40.
DATES:
PO 00000
Frm 00109
Fmt 4703
Sfmt 4703
Comments: Comments submitted in
response to this notice will be
summarized and/or included in the
request for Office of Management and
Budget 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.
Dated: March 10, 2006.
Judith Tillman,
Assistant Commissioner, Regional
Operations.
[FR Doc. 06–2564 Filed 3–15–06; 8:45 am]
BILLING CODE 4810–35–M
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection: Comment
Request for Form TD F 90–22.1
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
TD F 90–22.1, Report of Foreign Bank
and Financial Accounts.
DATES: Written comments should be
received on or before May 15, 2006 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Elizabeth Witzgall at Internal
Revenue Service, 5000 Ellin Road # C–
3 242, Lanham MD 20706.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
E:\FR\FM\16MRN1.SGM
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wwhite on PROD1PC61 with NOTICES
Federal Register / Vol. 71, No. 51 / Thursday, March 16, 2006 / Notices
should be directed to Elizabeth Witzgall,
at (202) 283–2227, or at Internal
Revenue Service, 5000 Ellin Road # C–
3 242, Lanham MD 20706 or through the
Internet, at Elizabeth.B.Witzgall@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Report of Foreign Bank and
Financial Accounts.
OMB Number: 1545–0009.
Form Number: TD F 90–22.1.
Abstract: Form TD F 90–22.1 is used
to report a financial interest in,
signature authority or other authority
over one or more financial accounts in
foreign countries as required by 31
U.S.C. 5314 and the Department of the
Treasury Regulations (31 CFR part 103).
No report is required if the aggregate
value of the accounts did ot exceed
$10,000. The data is required because of
its high degree of usefulness in criminal,
tax, or regulatory investigations or
proceedings, or in the conduct of
intelligence or counterintelligence
activities, including analysis, to protect
against international terrorism.
Current Actions: Revisions have been
made to the form and the instructions.
The ownership of the form is changed
wtihin the Department of the Treasury
to the Internal Revenue Service.
Type of Review: Revision of a
currently approved collection.
Affected Public: United States persons
including both legal entities and
individuals who are citizens or
residents of the United States.
Estimated Number of Respondents:
282,000.
Estimated Time per Respondent: 20
minutes.
Estimated Total Annual Burden
Hours: 94,000.
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 under 31 U.S.C. 5314
must be retained for a period of five
years under 31 CFR 38(d). Generally
information provided in this report shall
be available to law enforcement for a
purpose that is consistent with 31
U.S.C. 5311, however this report and
records of reports are exempt from
disclosure under 5 U.S.C. 552, the
Freedom of Information Act.
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:
VerDate Aug<31>2005
15:48 Mar 15, 2006
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(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.
Sandra Stolt,
IRS SB/SE BSA Compliance Policy Program
Manager.
[FR Doc. 06–2541 Filed 3–15–06; 8:45 am]
BILLING CODE 4830–01–M
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL–485–89]
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, INTL–485–89
(TD 8400), Taxation of Gain or Loss
from Certain Nonfunctional Currency
Transactions (Section 988 Transactions)
(Sections 1.988–0 through 1.988–5).
DATES: Written comments should be
received on or before May 15, 2006 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn 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 Allan Hopkins, (202) 622–
6665, or at Internal Revenue Service,
room 6516, 1111 Constitution Avenue,
PO 00000
Frm 00110
Fmt 4703
Sfmt 4703
13675
NW., Washington, DC 20224, or through
the Internet, at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Taxation of Gain or Loss from
Certain Nonfunctional Currency
Transactions (Section 988 Transactions).
OMB Number: 1545–1131.
Regulation Project Number: INTL–
485–89.
Abstract: Internal Revenue Code
sections 988(c)(1)(D) and (E) allow
taxpayers to make elections concerning
the taxation of exchange gain or loss on
certain foreign currency denominated
transactions. In addition, Code sections
988(a)(1)(B) and 988(d) require
taxpayers to identify transactions which
generate capital gain or loss or which
are hedges of other transactions. This
regulation provides guidance on making
the elections and complying with the
identification rules.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households and business or other forprofit organizations.
Estimated Number of Respondents:
5,000
Estimated Time Per Respondent: 40
minutes
Estimated Total Annual Burden
Hours: 3,333.
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
E:\FR\FM\16MRN1.SGM
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]]>Agencies
[Federal Register Volume 71, Number 51 (Thursday, March 16, 2006)]
[Notices]
[Pages 13674-13675]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-2541]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection: Comment Request for Form TD F 90-22.1
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 TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
DATES: Written comments should be received on or before May 15, 2006 to
be assured of consideration.
ADDRESSES: Direct all written comments to Elizabeth Witzgall at
Internal Revenue Service, 5000 Ellin Road C-3 242, Lanham MD
20706.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions
[[Page 13675]]
should be directed to Elizabeth Witzgall, at (202) 283-2227, or at
Internal Revenue Service, 5000 Ellin Road C-3 242, Lanham MD
20706 or through the Internet, at Elizabeth.B.Witzgall@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Report of Foreign Bank and Financial Accounts.
OMB Number: 1545-0009.
Form Number: TD F 90-22.1.
Abstract: Form TD F 90-22.1 is used to report a financial interest
in, signature authority or other authority over one or more financial
accounts in foreign countries as required by 31 U.S.C. 5314 and the
Department of the Treasury Regulations (31 CFR part 103). No report is
required if the aggregate value of the accounts did ot exceed $10,000.
The data is required because of its high degree of usefulness in
criminal, tax, or regulatory investigations or proceedings, or in the
conduct of intelligence or counterintelligence activities, including
analysis, to protect against international terrorism.
Current Actions: Revisions have been made to the form and the
instructions. The ownership of the form is changed wtihin the
Department of the Treasury to the Internal Revenue Service.
Type of Review: Revision of a currently approved collection.
Affected Public: United States persons including both legal
entities and individuals who are citizens or residents of the United
States.
Estimated Number of Respondents: 282,000.
Estimated Time per Respondent: 20 minutes.
Estimated Total Annual Burden Hours: 94,000.
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 under 31 U.S.C. 5314 must be
retained for a period of five years under 31 CFR 38(d). Generally
information provided in this report shall be available to law
enforcement for a purpose that is consistent with 31 U.S.C. 5311,
however this report and records of reports are exempt from disclosure
under 5 U.S.C. 552, the Freedom of Information Act.
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.
Sandra Stolt,
IRS SB/SE BSA Compliance Policy Program Manager.
[FR Doc. 06-2541 Filed 3-15-06; 8:45 am]
BILLING CODE 4830-01-M
