Financial Crimes Enforcement Network; Proposed Collection; Comment Request for Form 8300, 35337-35338 [E6-9531]
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Federal Register / Vol. 71, No. 117 / Monday, June 19, 2006 / Notices
Affected Public: Business or other forprofit organizations, and farms.
Estimated Number of Respondents:
15,220.
Estimated Time per Respondent: 40
hours, 2 minutes.
Estimated Total Annual Burden
Hours: 614,888.
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: June 9, 2006.
Glenn Kirkland,
IRS Reports Clearance Office.
[FR Doc. E6–9528 Filed 6–16–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Financial Crimes Enforcement
Network; Proposed Collection;
Comment Request for Form 8300
Internal Revenue Service (IRS)
and Financial Crimes Enforcement
Network (FinCEN), Department of the
Treasury.
ACTION: Notice and request for
comments.
jlentini on PROD1PC65 with NOTICES
AGENCY:
VerDate Aug<31>2005
16:46 Jun 16, 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 and
the FinCEN are soliciting comments
concerning Form 8300, Report of Cash
Payments Over $10,000 Received in a
Trade or Business.
DATES: Written comments should be
received on or before August 18, 2006
to be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. Kirkland, Internal Revenue
Service, Room 6411, 1111 Constitution
Avenue, NW., Washington, DC 20224;
and/or Office of Chief Counsel,
Financial Crimes Enforcement Network,
Department of the Treasury, P.O. Box
39, Vienna, Virginia 22183. Attention:
PRA Comments—Form 8300. Comments
also may be submitted by electronic
mail to the following Internet address:
regcomments@fincen.treas.gov with the
caption in the body of the text,
‘‘Attention: PRA Comments—Form
8300.’’
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to R. Joseph Durbala,
(202) 622–3634,
RJoseph.Durbala@irs.gov, or Internal
Revenue Service, room 6516, 1111
Constitution Avenue, NW., Washington,
DC 20224; Russell Stephenson, Senior
Compliance Administration Specialist,
FinCEN, (800) 949–2732. A copy of the
form may be obtained through the
Internet at https://www.irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Report of Cash Payments Over
$10,000 Received in a Trade or
Business.
OMB Numbers: 1545–0892 (IRS) and
1506–0018 (FinCEN).
Form Number: 8300.
Abstract: Internal Revenue Code
section 6050I requires any person in a
trade or business who, in the course of
the trade or business, receives more
than $10,000 in cash or foreign currency
in one or more related transactions to
report it to the IRS and provide a
statement to the payer. Form 8300 is
used for this purpose.
Section 365 of the USA Patriot Act of
2001 (Pub. L. 107–56), adding new
section 5331 to title 31 of the United
States Code, authorized the Financial
Crimes Enforcement Network to collect
the information reported on Form 8300.
PO 00000
Frm 00089
Fmt 4703
Sfmt 4703
35337
In a joint effort to develop a dual use
form, IRS and FinCEN worked together
to ensure that the transmission of the
data collected to FinCEN on Forms 8300
does not violate the provisions of
section 6103. FinCEN makes the Forms
8300 available to law enforcement
through its Bank Secrecy Act
information sharing agreements.
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: Business or other forprofit organizations, farms, and the
Federal government.
Estimated Number of Respondents:
46,800.
Estimated Time Per Respondent: 1hr.,
22 min.
Estimated Total Annual Burden
Hours: 63,539. 1
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.
1 The burden for the information collection in 31
CFR 103.30 (also approved under control number
1506–0018) relating to the Form 8300, is reflected
in the burden of the form.
E:\FR\FM\19JNN1.SGM
19JNN1
35338
Federal Register / Vol. 71, No. 117 / Monday, June 19, 2006 / Notices
Approved: May 19, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
Dated: June 7, 2006
Robert W. Werner,
Director, Financial Crimes Enforcement
Network.
[FR Doc. E6–9531 Filed 6–16–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1041–QFT
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
1041–Q, U.S. Income Tax Return for
Qualified Funeral Trusts.
DATES: Written comments should be
received on or before August 18, 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).
jlentini on PROD1PC65 with NOTICES
SUPPLEMENTARY INFORMATION:
Title: U.S. Income Tax Return for
Qualified Funeral Trusts.
OMB Number: 1545–1593.
Form Number: 1041–QFT.
Abstract: Internal Revenue Code
section 685 allows the trustee of a
qualified Funeral trust to elect to report
and pay the tax for the trust. Form
1041–QFT is used for this purpose. The
IRS uses the information on the form to
determine that the trustee filed the
proper return and paid the correct tax.
Current Actions: There are no changes
being made to the form at this time.
VerDate Aug<31>2005
16:46 Jun 16, 2006
Jkt 208001
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
15,000.
Estimated Time Per Respondent: 18
hours, 6 minutes.
Estimated Total Annual Burden
Hours: 270,150.
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: June 9, 2006.
Glenn Kirkland,
IRS Reports Clearance Office.
[FR Doc. E6–9535 Filed 6–16–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 4970
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
PO 00000
Frm 00090
Fmt 4703
Sfmt 4703
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
4970, Tax on Accumulation
Distributions of Trusts.
DATES: Written comments should be
received on or before August 18, 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: Tax on Accumulation
Distribution of Trusts.
OMB Number: 1545–0192.
Form Number: 4970.
Abstract: Form 4970 is used by
beneficiary of domestic or foreign trust
to compute the tax adjustment
attributable to an accumulation
distribution. This form is used to verify
whether the correct tax has been paid on
the accumulation distribution.
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: Non Individuals.
Estimated Number of Respondents:
30,000.
Estimated Time Per Response: 1 hour,
4 minutes.
Estimated Total Annual Burden
Hours: 32,200.
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.
E:\FR\FM\19JNN1.SGM
19JNN1
]]>Agencies
[Federal Register Volume 71, Number 117 (Monday, June 19, 2006)]
[Notices]
[Pages 35337-35338]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-9531]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Financial Crimes Enforcement Network; Proposed Collection;
Comment Request for Form 8300
AGENCY: Internal Revenue Service (IRS) and Financial Crimes Enforcement
Network (FinCEN), Department of the 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 and the FinCEN are soliciting
comments concerning Form 8300, Report of Cash Payments Over $10,000
Received in a Trade or Business.
DATES: Written comments should be received on or before August 18, 2006
to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal
Revenue Service, Room 6411, 1111 Constitution Avenue, NW., Washington,
DC 20224; and/or Office of Chief Counsel, Financial Crimes Enforcement
Network, Department of the Treasury, P.O. Box 39, Vienna, Virginia
22183. Attention: PRA Comments--Form 8300. Comments also may be
submitted by electronic mail to the following Internet address:
regcomments@fincen.treas.gov with the caption in the body of the text,
``Attention: PRA Comments--Form 8300.''
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to R. Joseph
Durbala, (202) 622-3634, RJoseph.Durbala@irs.gov, or Internal Revenue
Service, room 6516, 1111 Constitution Avenue, NW., Washington, DC
20224; Russell Stephenson, Senior Compliance Administration Specialist,
FinCEN, (800) 949-2732. A copy of the form may be obtained through the
Internet at https://www.irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Report of Cash Payments Over $10,000 Received in a Trade or
Business.
OMB Numbers: 1545-0892 (IRS) and 1506-0018 (FinCEN).
Form Number: 8300.
Abstract: Internal Revenue Code section 6050I requires any person
in a trade or business who, in the course of the trade or business,
receives more than $10,000 in cash or foreign currency in one or more
related transactions to report it to the IRS and provide a statement to
the payer. Form 8300 is used for this purpose.
Section 365 of the USA Patriot Act of 2001 (Pub. L. 107-56), adding
new section 5331 to title 31 of the United States Code, authorized the
Financial Crimes Enforcement Network to collect the information
reported on Form 8300. In a joint effort to develop a dual use form,
IRS and FinCEN worked together to ensure that the transmission of the
data collected to FinCEN on Forms 8300 does not violate the provisions
of section 6103. FinCEN makes the Forms 8300 available to law
enforcement through its Bank Secrecy Act information sharing
agreements.
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: Business or other for-profit organizations, farms,
and the Federal government.
Estimated Number of Respondents: 46,800.
Estimated Time Per Respondent: 1hr., 22 min.
Estimated Total Annual Burden Hours: 63,539. \1\
---------------------------------------------------------------------------
\1\ The burden for the information collection in 31 CFR 103.30
(also approved under control number 1506-0018) relating to the Form
8300, is reflected in the burden of the form.
---------------------------------------------------------------------------
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.
[[Page 35338]]
Approved: May 19, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
Dated: June 7, 2006
Robert W. Werner,
Director, Financial Crimes Enforcement Network.
[FR Doc. E6-9531 Filed 6-16-06; 8:45 am]
BILLING CODE 4830-01-P
