Proposed Collection; Comment Request for Regulation Project, 15258-15259 [E6-4333]

Download as PDF 15258 Federal Register / Vol. 71, No. 58 / Monday, March 27, 2006 / Notices DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 4136 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 4136, Credit for Federal Tax Paid on Fuels. Written comments should be received on or before May 26, 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: Credit for Federal Tax Paid on Fuels. OMB Number: 1545–0162. Form Number: 4136. Abstract: Internal Revenue Code section 34 allows a credit for Federal excise tax for certain fuel uses. Form 4136 is used to figure the amount of income tax credit. The data is used by IRS to verify the validity of the claim for the type of nontaxable or exempt use. Current Actions: There are no changes being made to Form 8569 at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations, individuals or households, not-for-profit institutions, and farms. Estimated Number of Respondents: 1,828,759. Estimated Number of Respondents: 44 minutes. Estimated Total Annual Burden Hours: 1,360,489. wwhite on PROD1PC65 with NOTICES DATES: VerDate Aug<31>2005 18:19 Mar 24, 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: March 17, 2006. Glenn Kirkland, IRS Reports Clearance Office. [FR Doc. E6–4332 Filed 3–24–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service [EE–63–88; IA–140–86; REG–209785–95] 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 00102 Fmt 4703 Sfmt 4703 Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning existing regulations, EE–63–88 (Final and temporary regulations) Taxation of Fringe Benefits and Exclusions From Gross Income for Certain Fringe Benefits; IA–140–86 (Temporary) Fringe Benefits; Listed Property; and REG– 209785–95 (Final) Substantiation of Business Expenses (§§ 1.61–2, 1.132–5, and 1.274–5). DATES: Written comments should be received on or before May 26, 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 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: EE–63–88 (Final and temporary regulations) Taxation of Fringe Benefits and Exclusions From Gross Income for Certain Fringe Benefits; IA–140–86 (Temporary) Fringe Benefits; Listed Property; and REG–209785–95 (Final) Substantiation of Business Expenses. OMB Number: 1545–0771. Regulation Project Number: EE–63– 88; IA–140–86; and REG–209785–95. Abstract: EE–63–88—This regulation provides guidance on the tax treatment of taxable and nontaxable fringe benefits and general and specific rules for the valuation of taxable fringe benefits in accordance with Code sections 61 and 132. The regulation also provides guidance on exclusions from gross income for certain fringe benefits. IA– 140–86—This regulation provides guidance relating to the requirement that any deduction or credit with respect to business travel, entertainment, and gift expenses be substantiated with adequate records in accordance with Code section 274(d). The regulation also provides guidance on the taxation of fringe benefits and clarifies the types of records that are generally necessary to substantiate any deduction or credit for listed property. REG–209785–95—This regulation provides that taxpayers who deduct, or reimburse employees for, business expenses for travel, entertainment, gifts, or listed property are required to maintain certain records, including receipts, for expenses of $75 or more. Current Actions: There are no changes to these existing regulations. \\ALPHA3\E\FR\FM\27MRN1.SGM 27MRN1 Federal Register / Vol. 71, No. 58 / Monday, March 27, 2006 / Notices Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households, business or other for-profit organizations, not-for profits institutions, farms and Federal, state, local or tribal governments. Estimated Number of Respondents: 28,582,150. Estimated Time Per Respondent: 1 hr., 20 min. Estimated Total Annual Burden Hours: 37,922,688. 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 20, 2006. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E6–4333 Filed 3–24–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY wwhite on PROD1PC65 with NOTICES Internal Revenue Service Proposed Collection; Comment Request for Revenue Procedure 2005– 16 Internal Revenue Service (IRS), Treasury. AGENCY: VerDate Aug<31>2005 18:19 Mar 24, 2006 Jkt 208001 Notice and request for comments. ACTION: 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 2005–16, Master and Prototype and Volume Submitter Plans. Written comments should be received on or before May 26, 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 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: Master and Prototype and Volume Submitter Plans. OMB Number: 1545–1674. Revenue Procedure Number: Revenue Procedure 2005–16. Abstract: The master and prototype and volume submitter revenue procedure sets forth the procedures for sponsors of master and prototype and volume submitter pension, profitsharing and annuity plans to request an opinion letter or an advisory letter from the Internal Revenue Service that the form of a master or prototype plan or volume submitter plan meets the requirements of section 401(a) of the Internal Revenue Code. The information requested in sections 5.11, 8.02, 11.02, 12, 14.05, 15.02, 18; and 24 of the master and prototype revenue procedure is in addition to the information required to be submitted with Forms 4461 (Application for Approval of Master or Prototype Defined Contribution Plan), 4461–A (Application for Approval of Master or Prototype Defined Benefit Plan) and 4461–B (Application for Approval of Master or Prototype or Plan (Mass Submitter Adopting Sponsor)). This information is needed in order to enable the Employee Plans function of the Service’s Tax Exempt and Government DATES: PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 15259 Entities Division to issue an opinion letter or an advisory letter. 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, and state, local or tribal governments. Estimated Number of Respondents: 296,750. Estimated Time Per Respondent: 3 hour, 34 minutes. Estimated Total Annual Burden Hours: 1,058,850. 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 13, 2006. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E6–4334 Filed 3–24–06; 8:45 am] BILLING CODE 4830–01–P \\ALPHA3\E\FR\FM\27MRN1.SGM 27MRN1

Agencies

[Federal Register Volume 71, Number 58 (Monday, March 27, 2006)]
[Notices]
[Pages 15258-15259]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-4333]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[EE-63-88; IA-140-86; REG-209785-95]


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 
existing regulations, EE-63-88 (Final and temporary regulations) 
Taxation of Fringe Benefits and Exclusions From Gross Income for 
Certain Fringe Benefits; IA-140-86 (Temporary) Fringe Benefits; Listed 
Property; and REG-209785-95 (Final) Substantiation of Business Expenses 
(Sec. Sec.  1.61-2, 1.132-5, and 1.274-5).

DATES: Written comments should be received on or before May 26, 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 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: EE-63-88 (Final and temporary regulations) Taxation of 
Fringe Benefits and Exclusions From Gross Income for Certain Fringe 
Benefits; IA-140-86 (Temporary) Fringe Benefits; Listed Property; and 
REG-209785-95 (Final) Substantiation of Business Expenses.
    OMB Number: 1545-0771.
    Regulation Project Number: EE-63-88; IA-140-86; and REG-209785-95.
    Abstract: EE-63-88--This regulation provides guidance on the tax 
treatment of taxable and nontaxable fringe benefits and general and 
specific rules for the valuation of taxable fringe benefits in 
accordance with Code sections 61 and 132. The regulation also provides 
guidance on exclusions from gross income for certain fringe benefits. 
IA-140-86--This regulation provides guidance relating to the 
requirement that any deduction or credit with respect to business 
travel, entertainment, and gift expenses be substantiated with adequate 
records in accordance with Code section 274(d). The regulation also 
provides guidance on the taxation of fringe benefits and clarifies the 
types of records that are generally necessary to substantiate any 
deduction or credit for listed property. REG-209785-95--This regulation 
provides that taxpayers who deduct, or reimburse employees for, 
business expenses for travel, entertainment, gifts, or listed property 
are required to maintain certain records, including receipts, for 
expenses of $75 or more.
    Current Actions: There are no changes to these existing 
regulations.

[[Page 15259]]

    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations, not-for profits institutions, farms and Federal, 
state, local or tribal governments.
    Estimated Number of Respondents: 28,582,150.
    Estimated Time Per Respondent: 1 hr., 20 min.
    Estimated Total Annual Burden Hours: 37,922,688.
    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 20, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-4333 Filed 3-24-06; 8:45 am]
BILLING CODE 4830-01-P