Proposed Collection; Comment Request for Regulation Project, 4063 [E7-1305]
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Federal Register / Vol. 72, No. 18 / Monday, January 29, 2007 / Notices
jlentini on PROD1PC65 with NOTICES
Internal Revenue Service, taxpayers,
and other participants.
Current Actions: There are no changes
being made to the publication at this
time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
145,000.
Estimated Time Per Respondent: 25
hours, 5 minutes.
Estimated Total Annual Burden
Hours: 3,636,463.
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 18, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–1304 Filed 1–26–07; 8:45 am]
BILLING CODE 4830–01–P
VerDate Aug<31>2005
16:04 Jan 26, 2007
Jkt 211001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–208299–90]
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 notice of proposed
rulemaking, REG–208299–90,
Allocation and Sourcing of Income and
Deductions Among Taxpayers Engaged
in a Global Dealing Operation
(§§ 1.475(g)–2, 1.482–8, and 1.863–3).
DATES: Written comments should be
received on or before March 30, 2007 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, room 6512, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations should be
directed to Larnice Mack at Internal
Revenue Service, room 6512, 1111
Constitution Avenue, NW., Washington,
DC 20224, or at (202) 622–3179, or
through the Internet at
(Larnice.Mack@irs.gov).
SUPPLEMENTARY INFORMATION:
Title: Allocation and Sourcing of
Income and Deductions Among
Taxpayers Engaged in a Global Dealing
Operation.
OMB Number: 1545–1599.
Regulation Project Number: REG–
208299–90.
Abstract: This regulation provides
rules for the allocation among
controlled taxpayers and sourcing of
income, deductions, gains and losses
from a global dealing operation. The
information requested in §§ 1.475(g)–
2(b), 1.482–8(b)(3), (c)(3), (e)(3), (e)(5),
(e)(6), (d)(3), and 1.863–3(h) is necessary
for the Service we determine whether
the taxpayer has entered into controlled
transactions at an arm’s length price.
Current Actions: There is no change to
this existing regulation.
PO 00000
Frm 00089
Fmt 4703
Sfmt 4703
4063
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
500.
Estimated Time Per Respondent: 40
hours.
Estimate Total Annual Burden Hours:
20,000.
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: January 17, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–1305 Filed 1–26–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[Revenue Procedure 2004–12]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
AGENCY:
E:\FR\FM\29JAN1.SGM
29JAN1
]]>Agencies
[Federal Register Volume 72, Number 18 (Monday, January 29, 2007)]
[Notices]
[Page 4063]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-1305]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-208299-90]
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 notice of proposed rulemaking, REG-208299-90, Allocation
and Sourcing of Income and Deductions Among Taxpayers Engaged in a
Global Dealing Operation (Sec. Sec. 1.475(g)-2, 1.482-8, and 1.863-3).
DATES: Written comments should be received on or before March 30, 2007
to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn Kirkland, Internal
Revenue Service, room 6512, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulations should be directed to Larnice Mack at
Internal Revenue Service, room 6512, 1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622-3179, or through the Internet at
(Larnice.Mack@irs.gov).
SUPPLEMENTARY INFORMATION:
Title: Allocation and Sourcing of Income and Deductions Among
Taxpayers Engaged in a Global Dealing Operation.
OMB Number: 1545-1599.
Regulation Project Number: REG-208299-90.
Abstract: This regulation provides rules for the allocation among
controlled taxpayers and sourcing of income, deductions, gains and
losses from a global dealing operation. The information requested in
Sec. Sec. 1.475(g)-2(b), 1.482-8(b)(3), (c)(3), (e)(3), (e)(5),
(e)(6), (d)(3), and 1.863-3(h) is necessary for the Service we
determine whether the taxpayer has entered into controlled transactions
at an arm's length price.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 500.
Estimated Time Per Respondent: 40 hours.
Estimate Total Annual Burden Hours: 20,000.
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: January 17, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-1305 Filed 1-26-07; 8:45 am]
BILLING CODE 4830-01-P
