Proposed Collection; Comment Request for Revenue Procedure 2003-4, Revenue Procedure 2003-5, Revenue Procedure 2003-6, and Revenue Procedure 2003-8, 16416-16417 [E6-4672]
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dsatterwhite on PROD1PC76 with NOTICES
16416
Federal Register / Vol. 71, No. 62 / Friday, March 31, 2006 / Notices
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 2002–67, Settlement
of section 351 Contingent Liability Tax
Shelter Cases.
DATES: Written comments should be
received on or before May 30, 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 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: Settlement of Section 351
Contingent Liability Tax Shelter Cases.
OMB Number: 1545–1808.
Revenue Procedure Number: Revenue
Procedure 2002–67.
Abstract: Revenue Procedure 2002–67
prescribes procedures for taxpayers who
elect to participate in a settlement
initiative aimed at resolving tax shelter
cases involving contingent liability
transactions that are the same or similar
to those described in Notice 2001–17
(‘‘contingent liability transaction’’).
There are two resolution methodologies:
a fixed concession procedure and a fast
track dispute resolution procedure that
includes binding arbitration.
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: Business or other forprofit organizations and individuals.
Estimated Number of Respondents:
150.
Estimated Average Time per
Respondent: 50 hours.
Estimated Total Annual Burden
Hours: 7,500.
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.
VerDate Aug<31>2005
16:35 Mar 30, 2006
Jkt 208001
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 23, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–4670 Filed 3–30–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 2003–
4, Revenue Procedure 2003–5,
Revenue Procedure 2003–6, and
Revenue Procedure 2003–8
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 2003–4 (Letter
Rulings), Revenue Procedure 2003–5
(Technical Advice), Revenue Procedure
2003–6 (Determination Letters), and
Revenue Procedure 2003–8 (User Fees).
DATES: Written comments should be
received on or before May 30, 2006 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. Kirkland, Internal Revenue
PO 00000
Frm 00137
Fmt 4703
Sfmt 4703
Service, room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the revenue procedures 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: Revenue Procedure 2003–4
(Letter Rulings), Revenue Procedure
2003–5 (Technical Advice), Revenue
Procedure 2003–6 (Determination
Letters), and Revenue Procedure 2003–
8 (User Fees).
OMB Number: 1545–1520.
Revenue Procedure Number: Revenue
Procedure 2003–4, Revenue Procedure
2003–5, Revenue Procedure 2003–6, and
Revenue Procedure 2003–8.
Abstract: The information requested
in these revenue procedures is required
to enable the Office of the Division
Commissioner (Tax Exempt and
Government Entities) of the Internal
Revenue Service to give advice on filing
letter ruling, determination letter, and
technical advice requests, to process
such requests, and to determine the
amount of any user fees.
Current Actions: There are no changes
being made to these revenue procedures
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:
83,068.
Estimated Time Per Respondent: 2
hours, 8 minutes.
Estimated Total Annual Burden
Hours: 177,986.
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
E:\FR\FM\31MRN1.SGM
31MRN1
Federal Register / Vol. 71, No. 62 / Friday, March 31, 2006 / Notices
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 22, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–4672 Filed 3–30–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[CO–8–91]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
dsatterwhite on PROD1PC76 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 an
existing final regulation, CO–8–91 (TD
8643), Distributions of Stock and Stock
Rights (Section 1.305–5(b)(5)).
DATES: Written comments should be
received on or before May 30, 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, at (202) 622–
6665, or at Internal Revenue Service,
room 6407, 1111 Constitution Avenue,
VerDate Aug<31>2005
16:35 Mar 30, 2006
Jkt 208001
NW., Washington, DC 20224, or through
the Internet, at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Distributions of Stock and Stock
Rights.
OMB Number: 1545–1438.
Regulation Project Number: CO–8–91.
Abstract: The requested information
is required to notify the Service that a
holder of preferred stock callable at a
premium by the issuer has made a
determination regarding the likelihood
of exercise of the right to call that is
different from the issuer’s
determination.
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:
2,000.
Estimated Time per Respondent: 10
minutes.
Estimated Total Annual Burden
Hours: 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
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.
PO 00000
Frm 00138
Fmt 4703
Sfmt 4703
16417
Approved: March 22, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–4675 Filed 3–30–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 982
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
982, Reduction of Tax Attributes Due to
Discharge of Indebtedness (and Section
1082 Basis Adjustment).
DATES: Written comments should be
received on or before May 30, 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 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: Reduction of Tax Attributes Due
to Discharge of Indebtedness (and
Section 1082 Basis Adjustment).
OMB Number: 1545–0046.
Form Number: 982.
Abstract: Internal Revenue Code
section 108 allows taxpayers to exclude
from gross income amounts attributable
to discharge of indebtedness in title 11
cases, insolvency, or a qualified farm
indebtedness. Code section 1081(b)
allows corporations to exclude from
gross income amounts attributable to
certain transfers of property. The data is
used to verify adjustments to basis of
property and reduction of tax attributes.
Current Actions: There are no changes
being made to the form at this time.
E:\FR\FM\31MRN1.SGM
31MRN1
]]>Agencies
[Federal Register Volume 71, Number 62 (Friday, March 31, 2006)]
[Notices]
[Pages 16416-16417]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-4672]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure 2003-
4, Revenue Procedure 2003-5, Revenue Procedure 2003-6, and Revenue
Procedure 2003-8
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
Revenue Procedure 2003-4 (Letter Rulings), Revenue Procedure 2003-5
(Technical Advice), Revenue Procedure 2003-6 (Determination Letters),
and Revenue Procedure 2003-8 (User Fees).
DATES: Written comments should be received on or before May 30, 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 procedures 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: Revenue Procedure 2003-4 (Letter Rulings), Revenue Procedure
2003-5 (Technical Advice), Revenue Procedure 2003-6 (Determination
Letters), and Revenue Procedure 2003-8 (User Fees).
OMB Number: 1545-1520.
Revenue Procedure Number: Revenue Procedure 2003-4, Revenue
Procedure 2003-5, Revenue Procedure 2003-6, and Revenue Procedure 2003-
8.
Abstract: The information requested in these revenue procedures is
required to enable the Office of the Division Commissioner (Tax Exempt
and Government Entities) of the Internal Revenue Service to give advice
on filing letter ruling, determination letter, and technical advice
requests, to process such requests, and to determine the amount of any
user fees.
Current Actions: There are no changes being made to these revenue
procedures 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: 83,068.
Estimated Time Per Respondent: 2 hours, 8 minutes.
Estimated Total Annual Burden Hours: 177,986.
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
[[Page 16417]]
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 22, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-4672 Filed 3-30-06; 8:45 am]
BILLING CODE 4830-01-P
