Proposed Collection; Comment Request for Form 8869, 58051 [E6-16120]
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Federal Register / Vol. 71, No. 190 / Monday, October 2, 2006 / Notices
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: September 15, 2006.
Glenn Kirkland,
IRS Reports Clearance Office.
[FR Doc. E6–16119 Filed 9–29–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8869
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
rmajette on PROD1PC67 with NOTICES1
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
8869, Qualified Subchapter S
Subsidiary Election.
DATES: Written comments should be
received on or before December 1, 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
Internal Revenue Service, room 6516,
1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622–
6665, or through the Internet at
Allan.M.Hopkins@irs.gov.
VerDate Aug<31>2005
15:07 Sep 29, 2006
Jkt 211001
SUPPLEMENTARY INFORMATION:
Title: Qualified Subchapter S
Subsidiary Election.
OMB Number: 1545–1700.
Form Number: 8869.
Abstract: Effective for tax years
beginning after December 31, 1996,
Internal Revenue Code section
1361(b)(3) allows an S corporation to
own a corporate subsidiary, but only if
it is wholly owned. To do so, the parent
S corporation must elect to treat the
wholly owned subsidiary as a qualified
subchapter S subsidiary (QSub). Form
8869 is used to make this election.
Current Actions: There are no changes
being made to the form at this time.
Affection Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
5,000.
Estimated Time Per Respondent: 8 hr.,
9 minutes.
Estimated Total Annual Burden
Hours: 40,750.
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: September 21, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–16120 Filed 9–29–06; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
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58051
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–106446–98]
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 final regulation, REG–106446–
98 (TD 9003), Relief From Joint and
Several Liability (§ 1.6015–5).
DATES: Written comments should be
received on or before December 1, 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 regulations should be
directed to Allan Hopkins at Internal
Revenue Service, room 6516, 1111
Constitution Avenue NW., Washington,
DC 20224, or at (202) 622–6665, or
through the Internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Relief From Joint and Several
Liability.
OMB Number: 1545–1719. Regulation
Project Number: REG–106446–98.
Abstract: The regulation under
section 6015 provides guidance
regarding relief from the joint and
several liability imposed by section
6013(d)(3). The regulations provide
specific guidance on the three relief
provisions of section 6015 and on how
taxpayers would file a claim for such
relief. In addition, the regulations
provide guidance regarding Tax Court
review of certain types of claims for
relief, as well as information regarding
the rights of the nonrequesting spouse.
The regulations also clarify that, under
section 6013, a return is not a joint
return if one of the spouses signs the
return under duress.
Current Actions: There is no change to
this existing regulation.
E:\FR\FM\02OCN1.SGM
02OCN1
]]>Agencies
[Federal Register Volume 71, Number 190 (Monday, October 2, 2006)]
[Notices]
[Page 58051]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-16120]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8869
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 8869, Qualified Subchapter S Subsidiary Election.
DATES: Written comments should be received on or before December 1,
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 Internal Revenue Service, room 6516, 1111 Constitution
Avenue NW., Washington, DC 20224, or at (202) 622-6665, or through the
Internet at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Qualified Subchapter S Subsidiary Election.
OMB Number: 1545-1700.
Form Number: 8869.
Abstract: Effective for tax years beginning after December 31,
1996, Internal Revenue Code section 1361(b)(3) allows an S corporation
to own a corporate subsidiary, but only if it is wholly owned. To do
so, the parent S corporation must elect to treat the wholly owned
subsidiary as a qualified subchapter S subsidiary (QSub). Form 8869 is
used to make this election.
Current Actions: There are no changes being made to the form at
this time.
Affection Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 5,000.
Estimated Time Per Respondent: 8 hr., 9 minutes.
Estimated Total Annual Burden Hours: 40,750.
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: September 21, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-16120 Filed 9-29-06; 8:45 am]
BILLING CODE 4830-01-P
