Proposed Collection; Comment Request For Regulation Project., 58476 [E6-16252]
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58476
Federal Register / Vol. 71, No. 191 / Tuesday, October 3, 2006 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–208165–91; REG–209035–86]
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 existing
final regulations, REG–208165–91 (TD
8770), Certain Transfers of Stock or
Securities by U.S. Persons to Foreign
Corporations and Related Reporting
Requirements; and REG–209035–86 (TD
8862), Stock Transfer Rules
(§§ 1.367(a)–8 and 1.367(b)–1).
DATES: Written comments should be
received on or before December 4, 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 regulations should be
directed to R. Joseph Durbala, at (202)
622–3634, or at Internal Revenue
Service, room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the internet, at
RJoseph.Durbala@irs.gov.
rwilkins on PROD1PC63 with NOTICES
SUPPLEMENTARY INFORMATION:
Title: REG–208165–91 (TD 8770),
Certain Transfers of Stock or Securities
by U.S. Persons to Foreign Corporations
and Related Reporting Requirements;
and REG–209035–86 (TD 8862), Stock
Transfer Rules.
OMB Number: 1545–1271.
Regulation Project Number: REG–
208165–91 and REG–209035–86.
Abstract: A United States entity must
generally file a gain recognition
agreement with the IRS in order to defer
gain on a Code section 367(a) transfer of
stock to a foreign corporation, and must
file a notice with the IRS if it realizes
any income in a Code section 367(b)
exchange. These regulations provide
guidance and reporting requirements
related to these transactions to ensure
VerDate Aug<31>2005
19:59 Oct 02, 2006
Jkt 211001
compliance with the respective Code
sections.
Current Actions: There is no change to
these existing regulations.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
580.
Estimated Time per Respondent: 4
hours, 7 minutes.
Estimated Total Annual Burden
Hours: 2,390.
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 25, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–16252 Filed 10–2–06; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–111835–99]
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 notice of proposed rulemaking,
Regulations Governing Practice Before
the Internal Revenue Service
(§§ 31.10.6, 31.10.29 and 31.10.30).
DATES: Written comments should be
received on or before December 4, 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 regulation should be
directed to R. Joseph Durbala at Internal
Revenue Service, room 6516, 1111
Constitution Avenue, NW., Washington,
DC 20224, or at (202) 622–3634, or
through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Regulations Governing Practice
Before the Internal Revenue Service.
OMB Number: 1545–1726.
Regulation Project Number: REG–
111835–00.
Abstract: These regulations affect
individuals who are eligible to practice
before the Internal Revenue Service.
These regulations also authorize the
Director of Practice to act upon
applications for enrollment to practice
before the Internal Revenue Service. The
Director of Practice will use certain
information to ensure that: (1) Enrolled
agents properly complete continuing
education requirements to obtain
renewal; (2) practitioners properly
obtain consent of taxpayers before
representing conflicting interests; (3)
practitioners do not use e-commerce to
make misleading solicitations.
Current Actions: There is no change to
this existing regulation.
E:\FR\FM\03OCN1.SGM
03OCN1
]]>Agencies
[Federal Register Volume 71, Number 191 (Tuesday, October 3, 2006)]
[Notices]
[Page 58476]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-16252]
[[Page 58476]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-208165-91; REG-209035-86]
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
existing final regulations, REG-208165-91 (TD 8770), Certain Transfers
of Stock or Securities by U.S. Persons to Foreign Corporations and
Related Reporting Requirements; and REG-209035-86 (TD 8862), Stock
Transfer Rules (Sec. Sec. 1.367(a)-8 and 1.367(b)-1).
DATES: Written comments should be received on or before December 4,
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 regulations should be directed to R. Joseph Durbala, at
(202) 622-3634, or at Internal Revenue Service, room 6516, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the
internet, at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: REG-208165-91 (TD 8770), Certain Transfers of Stock or
Securities by U.S. Persons to Foreign Corporations and Related
Reporting Requirements; and REG-209035-86 (TD 8862), Stock Transfer
Rules.
OMB Number: 1545-1271.
Regulation Project Number: REG-208165-91 and REG-209035-86.
Abstract: A United States entity must generally file a gain
recognition agreement with the IRS in order to defer gain on a Code
section 367(a) transfer of stock to a foreign corporation, and must
file a notice with the IRS if it realizes any income in a Code section
367(b) exchange. These regulations provide guidance and reporting
requirements related to these transactions to ensure compliance with
the respective Code sections.
Current Actions: There is no change to these existing regulations.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 580.
Estimated Time per Respondent: 4 hours, 7 minutes.
Estimated Total Annual Burden Hours: 2,390.
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 25, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-16252 Filed 10-2-06; 8:45 am]
BILLING CODE 4830-01-P
