Proposed Collection; Comment Request for Regulation Project, 58053-58054 [E6-16124]
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Federal Register / Vol. 71, No. 190 / Monday, October 2, 2006 / Notices
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.
rmajette on PROD1PC67 with NOTICES1
SUPPLEMENTARY INFORMATION:
Title: Settlement Funds.
OMB Number: 1545–1299.
Regulation Project Number: IA–54–
90.
Abstract: This regulation prescribes
reporting requirements for settlement
funds, which are funds established or
approved by a governmental authority
to resolve or satisfy certain liabilities,
such as those involving tort or breach of
contract. The regulation relates to the
tax treatment of transfers to these funds,
the taxation of income earned by the
funds, and the tax treatment of
distributions made by the funds.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals, business
or other for-profit organizations, not forprofit institutions, farms and Federal,
State, local or tribal governments.
Estimated Number of Respondents:
1,500.
Estimated Time Per Respondent: 2
hours, 22 minutes.
Estimated Total Annual Burden
Hours: 3,542.
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
VerDate Aug<31>2005
15:07 Sep 29, 2006
Jkt 211001
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 18, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–16123 Filed 9–29–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–246249–96]
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–246249–
96 (TD 9010), Information Reporting
Requirements for Certain Payments
Made on Behalf of Another Person,
Payments to Joint Payees, and Payments
of Gross Proceeds From Sales Involving
Investment Advisers (§§ 1.6041–1 and
1.6045–1).
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: Information Reporting
Requirements for Certain Payments
Made on Behalf of Another Person,
Payments to Joint Payees, and Payments
PO 00000
Frm 00137
Fmt 4703
Sfmt 4703
58053
of Gross Proceeds From Sales Involving
Investment Advisers.
OMB Number: 1545–1705.
Regulation Project Number: REG–
246249–96.
Abstract: This regulation under
section 6041 clarifies who is the payee
for information reporting purposes if a
check or other instrument is made
payable to joint payees, provides
information reporting requirements for
escrow agents and other persons making
payments on behalf of another person,
and clarifies that the amount to be
reported as paid is the gross amount of
the payment. The regulation also
removes investment advisers from the
list of exempt recipients for information
reporting purposes under section 6045.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
The estimate of the reporting burden
in § 1.6041–1 is reflected in the burden
of Form 1099-MISC. The estimate of the
reporting burden in § 1.6045–1 is
reflected in the burden of Form 1099–
B.
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,
E:\FR\FM\02OCN1.SGM
02OCN1
58054
Federal Register / Vol. 71, No. 190 / Monday, October 2, 2006 / Notices
maintenance, and purchase of services
to provide Information.
Approved: September 18, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–16124 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 706–A
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
706–A, United States Additional Estate
Tax Return.
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 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.
rmajette on PROD1PC67 with NOTICES1
SUPPLEMENTARY INFORMATION:
Title: United States Additional Estate
Tax Return.
OMB Number: 1545–0016.
Form Number: 706–A.
Abstract: Form 706–A is used by
individuals to compute and pay the
additional estate taxes due under
Internal Revenue Code section 2032A(c)
for an early disposition of specially
valued property or for an early cessation
of a qualified use of such property. The
IRS uses the information to determine
that the taxes have been properly
computed.
Current Actions: There are no changes
being made to the form at this time.
VerDate Aug<31>2005
18:53 Sep 29, 2006
Jkt 211001
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
180.
Estimated Time Per Respondent: 8
hours, 11 minutes.
Estimated Total Annual Burden
Hours: 1,475.
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 P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–16127 Filed 9–29–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–252936–96]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
PO 00000
Frm 00138
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 a final
regulation, REG–252936–96 (TD 8780),
Rewards for Information Relating to
Violations of Internal Revenue Laws
(section 301.7623–1).
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 this regulation 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: Rewards for Information
Relating to Violations of Internal
Revenue Laws.
OMB Number: 1545–1534.
Regulation Project Number: REG–
252936–96.
Abstract: The regulations explain the
procedure for submitting information
that relates to violations of the internal
revenue laws. The regulations also
require a person claiming a reward for
information to provide, in certain
circumstances, identification of
evidence that the person is the proper
claimant.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, businesses or other forprofit organizations, and not-for-profit
institutions.
Estimated Number of Respondents:
10,000.
Estimated Time per Respondent: 3 hr.
Estimated Total Annual Burden
Hours: 30,000.
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
E:\FR\FM\02OCN1.SGM
02OCN1
]]>Agencies
[Federal Register Volume 71, Number 190 (Monday, October 2, 2006)]
[Notices]
[Pages 58053-58054]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-16124]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-246249-96]
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 an
existing final regulation, REG-246249-96 (TD 9010), Information
Reporting Requirements for Certain Payments Made on Behalf of Another
Person, Payments to Joint Payees, and Payments of Gross Proceeds From
Sales Involving Investment Advisers (Sec. Sec. 1.6041-1 and 1.6045-1).
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: Information Reporting Requirements for Certain Payments Made
on Behalf of Another Person, Payments to Joint Payees, and Payments of
Gross Proceeds From Sales Involving Investment Advisers.
OMB Number: 1545-1705.
Regulation Project Number: REG-246249-96.
Abstract: This regulation under section 6041 clarifies who is the
payee for information reporting purposes if a check or other instrument
is made payable to joint payees, provides information reporting
requirements for escrow agents and other persons making payments on
behalf of another person, and clarifies that the amount to be reported
as paid is the gross amount of the payment. The regulation also removes
investment advisers from the list of exempt recipients for information
reporting purposes under section 6045.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
The estimate of the reporting burden in Sec. 1.6041-1 is reflected
in the burden of Form 1099-MISC. The estimate of the reporting burden
in Sec. 1.6045-1 is reflected in the burden of Form 1099-B.
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,
[[Page 58054]]
maintenance, and purchase of services to provide Information.
Approved: September 18, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-16124 Filed 9-29-06; 8:45 am]
BILLING CODE 4830-01-P
