Proposed Collection; Comment Request for Form 5735 and Schedule P (Form 5735), 27791 [E6-7240]
Download as PDF
<![CDATA[
Federal Register / Vol. 71, No. 92 / Friday, May 12, 2006 / Notices
Type of Review: Extension of a
currently approved collection.
Affected Public: Business of other forprofit organizations, individuals or
households, and farms.
Estimated Number of Respondents:
521,898.
Estimated Time Per Respondent: 3
hrs., 4 minutes.
Estimated Total Annual Burden
Hours: 1,597,008.
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: April 27, 2006.
Allan Hopkins,
IRS Reports Clearance Officer.
[FR Doc. E6–7239 Filed 5–11–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
sroberts on PROD1PC70 with NOTICES
Internal Revenue Service
Proposed Collection; Comment
Request for Form 5735 and Schedule
P (Form 5735)
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
VerDate Aug<31>2005
16:54 May 11, 2006
Jkt 208001
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
5735, Possessions Corporation Tax
Credit (Under Sections 936 and 30A),
and Schedule P (Form 5735), Allocation
of Income and Expenses Under Section
936(h)(5).
DATES: Written comments should be
received on or before July 11, 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: Possessions Corporation Tax
Credit (Under sections 936 and 30A),
and Allocation of Income and Expenses
Under Section 936(h)(5).
OMB Number: 1545–0217.
Form Number: Form 5735 and
Schedule P (Form 5735).
Abstract: Form 5735 is used to
compute the possessions corporation tax
credit under sections 936 and 30A.
Schedule P (Form 5735) is used by
corporations that elect to share their
income or expenses with their affiliates.
The forms provide the IRS with
information to determine if the
corporations have computed the tax
credit and the cost-sharing or profit-split
method of allocating income and
expenses.
Current Actions: There are no changes
being made to the forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
1,371.
Estimated Time Per Respondent: 24
hrs., 53 min.
Estimated Total Annual Burden
Hours: 33,818.
The following paragraph applies to all
of the collections of information covered
by this notice:
PO 00000
Frm 00131
Fmt 4703
Sfmt 4703
27791
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: April 26, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–7240 Filed 5–11–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Forms 6466 and 6467
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
6466, Transmittal of Forms W–4
Reported Magnetically/Electronically,
E:\FR\FM\12MYN1.SGM
12MYN1
]]>Agencies
[Federal Register Volume 71, Number 92 (Friday, May 12, 2006)]
[Notices]
[Page 27791]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-7240]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 5735 and Schedule P
(Form 5735)
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 5735, Possessions Corporation Tax Credit (Under Sections 936 and
30A), and Schedule P (Form 5735), Allocation of Income and Expenses
Under Section 936(h)(5).
DATES: Written comments should be received on or before July 11, 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: Possessions Corporation Tax Credit (Under sections 936 and
30A), and Allocation of Income and Expenses Under Section 936(h)(5).
OMB Number: 1545-0217.
Form Number: Form 5735 and Schedule P (Form 5735).
Abstract: Form 5735 is used to compute the possessions corporation
tax credit under sections 936 and 30A. Schedule P (Form 5735) is used
by corporations that elect to share their income or expenses with their
affiliates. The forms provide the IRS with information to determine if
the corporations have computed the tax credit and the cost-sharing or
profit-split method of allocating income and expenses.
Current Actions: There are no changes being made to the forms at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 1,371.
Estimated Time Per Respondent: 24 hrs., 53 min.
Estimated Total Annual Burden Hours: 33,818.
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: April 26, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-7240 Filed 5-11-06; 8:45 am]
BILLING CODE 4830-01-P
