Proposed Collection; Comment Request For Regulation Project, 14991 [E6-4222]
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Federal Register / Vol. 71, No. 57 / Friday, March 24, 2006 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL–21–91]
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 temporary and final regulation,
INTL–21–91 (TD 8656), Section 6662—
Imposition of the Accuracy-Related
Penalty (§ 1.6662–6).
DATES: Written comments should be
received on or before May 23, 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 this regulation 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.
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SUPPLEMENTARY INFORMATION:
Title: Section 6662—Imposition of the
Accuracy-Related Penalty.
OMB Number: 1545–1426.
Regulation Project Number: INTL–21–
91.
Abstract: These regulations provide
guidance on the accuracy-related
penalty imposed on underpayments of
tax caused by substantial and gross
valuation misstatements as defined in
Internal Revenue Code sections 6662(e)
and 6662(h). Under section 1.6662–6(d)
of the regulations, an amount is
excluded from the penalty if certain
requirements are met and a taxpayer
maintains documentation of how a
transfer price was determined for a
transaction subject to Code section 482.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
VerDate Aug<31>2005
18:26 Mar 23, 2006
Jkt 208001
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
2,500.
Estimated Time Per Respondent: 8
hours, 3 minutes.
Estimated Total Annual Burden
Hours: 20,125.
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: March 14, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–4222 Filed 3–23–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8910
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: The Department of the
Treasury, as part of its continuing effort
PO 00000
Frm 00160
Fmt 4703
Sfmt 4703
14991
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
8910, Alternative Motor Vehicle Credit.
DATES: Written comments should be
received on or before May 23, 2006 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, room 6512, 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 Larnice Mack at
Internal Revenue Service, room 6512,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
3179, or through the Internet at
Larnice.Mack@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Alternative Motor Vehicle
Credit.
OMB Number: 1545–1998.
Form Number: 8910.
Abstract: Taxpayers will file Form
8910 to claim the credit for certain
alternative motor vehicles placed in
service after 2005.
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: Individuals or
households, Business or other for-profit
organizations, Not-for-profit
institutions, farms, Federal Government
and State, Local or Tribal Government.
Estimated Number of Respondents:
10,000.
Estimated Time Per Respondent: 9
hours, 59 minutes.
Estimated Total Annual Burden
Hours: 98,800.
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
E:\FR\FM\24MRN1.SGM
24MRN1
]]>Agencies
[Federal Register Volume 71, Number 57 (Friday, March 24, 2006)]
[Notices]
[Page 14991]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-4222]
[[Page 14991]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL-21-91]
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 temporary and final regulation, INTL-21-91 (TD 8656), Section
6662--Imposition of the Accuracy-Related Penalty (Sec. 1.6662-6).
DATES: Written comments should be received on or before May 23, 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 this regulation 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: Section 6662--Imposition of the Accuracy-Related Penalty.
OMB Number: 1545-1426.
Regulation Project Number: INTL-21-91.
Abstract: These regulations provide guidance on the accuracy-
related penalty imposed on underpayments of tax caused by substantial
and gross valuation misstatements as defined in Internal Revenue Code
sections 6662(e) and 6662(h). Under section 1.6662-6(d) of the
regulations, an amount is excluded from the penalty if certain
requirements are met and a taxpayer maintains documentation of how a
transfer price was determined for a transaction subject to Code section
482.
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: 2,500.
Estimated Time Per Respondent: 8 hours, 3 minutes.
Estimated Total Annual Burden Hours: 20,125.
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: March 14, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-4222 Filed 3-23-06; 8:45 am]
BILLING CODE 4830-01-P
