Proposed Collection; Comment Request for Form 8875, 2925 [E7-856]

Download as PDF Federal Register / Vol. 72, No. 14 / Tuesday, January 23, 2007 / Notices 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: January 11, 2007. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E7–855 Filed 1–22–07; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8875 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. mstockstill on PROD1PC70 with NOTICES 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 8875, Taxable REIT Subsidiary Election. DATES: Written comments should be received on or before March 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 form and instructions should be directed to Carolyn N. Brown, at (202) 622–6688, 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: Taxable REIT Subsidiary Election. OMB Number: 1545–1721. Form Number: 8875. Abstract: A corporation and a REIT use Form 8875 to jointly elect to have the corporation treated as a taxable REIT subsidiary as provided in section 856(l). Current Actions: There are no changes being made to the form at this time. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 1,000. VerDate Aug<31>2005 19:33 Jan 22, 2007 Jkt 211001 Estimated Time per Respondent: 7 hr., 40 min. Estimated Total Annual Burden Hours: 7,660. 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: January 12, 2007. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E7–856 Filed 1–22–07; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Revenue Procedure 2004– 18 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 PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 2925 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 Revenue Procedure 2004–18, Average Area Purchase Price Safe Harbors and Nationwide Purchase Prices under section 143. DATES: Written comments should be received on or before March 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 revenue procedure should be directed to Carolyn N. Brown at Internal Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202) 622– 6688, or through the internet at Carolyn.N.Brown@irs.gov. SUPPLEMENTARY INFORMATION: Title: Average Area Purchase Price Safe Harbors and Nationwide Purchase Prices under section 143. OMB Number: 1545–1877. Revenue Procedure Number: Revenue Procedure 2004–18. Abstract: Revenue Procedure 2004–18 provides issuers of qualified mortgage bonds, as defined in section 143(a) of the Internal Revenue Code, and issuers of mortgage credit certificates, as defined in section 25(c), with (1) nationwide average purchase prices for residences located in the United States, and (2) average area purchase price safe harbors for residences located in statistical areas in each state, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam. Current Actions: There are no changes being made to the revenue procedure at this time. Type of Review: Extension of a currently approved collection. Affected Public: State, local and tribal governments. Estimated Number of recordkeepers: 60. Estimated Time Per recordkeeper: 15 minutes. Estimated Total Annual Burden Hours: 15. 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\23JAN1.SGM 23JAN1

Agencies

[Federal Register Volume 72, Number 14 (Tuesday, January 23, 2007)]
[Notices]
[Page 2925]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-856]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8875

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 8875, Taxable REIT Subsidiary Election.

DATES: Written comments should be received on or before March 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 form and instructions should be directed to Carolyn N. 
Brown, at (202) 622-6688, 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: Taxable REIT Subsidiary Election.
    OMB Number: 1545-1721.
    Form Number: 8875.
    Abstract: A corporation and a REIT use Form 8875 to jointly elect 
to have the corporation treated as a taxable REIT subsidiary as 
provided in section 856(l).
    Current Actions: There are no changes being made to the form at 
this time.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 1,000.
    Estimated Time per Respondent: 7 hr., 40 min.
    Estimated Total Annual Burden Hours: 7,660.
    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: January 12, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
 [FR Doc. E7-856 Filed 1-22-07; 8:45 am]
BILLING CODE 4830-01-P
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