Proposed Collection; Comment Request for Deduction Guidance and Capitalization Expenditures, 77440 [E6-22011]
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Federal Register / Vol. 71, No. 247 / Tuesday, December 26, 2006 / Notices
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: December 12, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–22010 Filed 12–22–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–125638–01]
Proposed Collection; Comment
Request for Deduction Guidance and
Capitalization Expenditures
Internal Revenue Service (IRS),
Treasury.
AGENCY:
Notice and request for
comments.
sroberts on PROD1PC70 with NOTICES
ACTION:
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 regulation, REG–125638–01
(Final), (TD 9107) Guidance Regarding
Deduction and Capitalization of
Expenditures.
VerDate Aug<31>2005
16:15 Dec 22, 2006
Jkt 211001
Written comments should be
received on or before February 26, 2007
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 Carolyn N. Brown, at (202)
622–6665, or at Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the internet, at
Carolyn.N.Brown@irs.gov.
DATES:
SUPPLEMENTARY INFORMATION:
Title: Guidance Regarding Deduction
and Capitalization of Expenditures.
OMB Number: 1545–1870.
Regulation Project Number: REG–
125638–01.
Abstract: The information required to
be retained by taxpayers will constitute
sufficient documentation for purposes
of substantiating a deduction. The
information will be used by the agency
on audit to determine the taxpayer’s
entitlement to a deduction. The
respondents include taxpayers who
engage in certain transactions involving
the acquisition of a trade or business or
an ownership interest in a legal entity.
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 institutions.
Estimated Number of Respondents:
3,000.
Estimated Total Burden Hours: 3,000.
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
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;
PO 00000
Frm 00075
Fmt 4703
Sfmt 4703
(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: December 8, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6–22011 Filed 12–22–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Tip Rate Determination
Agreement (TRDA) for Most Industries
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 Tip
Rate Determination Agreement (TRDA)
for Most Industries.
DATES: Written comments should be
received on or before February 26, 2007
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 information collection should
be directed to Allan Hopkins at Internal
Revenue Service, Room 6516, 1111
Constitution Avenue, NW., Washington,
DC 20224, or at (202) 622–6669, or
through the internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Tip Rate Determination
Agreement (TRDA) for Most Industries.
OMB Number: 1545–1717.
E:\FR\FM\26DEN1.SGM
26DEN1
]]>Agencies
[Federal Register Volume 71, Number 247 (Tuesday, December 26, 2006)]
[Notices]
[Page 77440]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-22011]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-125638-01]
Proposed Collection; Comment Request for Deduction Guidance and
Capitalization Expenditures
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 regulation, REG-125638-01 (Final), (TD 9107) Guidance
Regarding Deduction and Capitalization of Expenditures.
DATES: Written comments should be received on or before February 26,
2007 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 Carolyn N. Brown, at
(202) 622-6665, or at Internal Revenue Service, Room 6516, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the
internet, at Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Guidance Regarding Deduction and Capitalization of
Expenditures.
OMB Number: 1545-1870.
Regulation Project Number: REG-125638-01.
Abstract: The information required to be retained by taxpayers will
constitute sufficient documentation for purposes of substantiating a
deduction. The information will be used by the agency on audit to
determine the taxpayer's entitlement to a deduction. The respondents
include taxpayers who engage in certain transactions involving the
acquisition of a trade or business or an ownership interest in a legal
entity.
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 institutions.
Estimated Number of Respondents: 3,000.
Estimated Total Burden Hours: 3,000.
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 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: December 8, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-22011 Filed 12-22-06; 8:45 am]
BILLING CODE 4830-01-P
