Proposed Collection; Comment Request for Notice 2006-107, 7509 [E7-2601]
Download as PDF
<![CDATA[
Federal Register / Vol. 72, No. 31 / Thursday, February 15, 2007 / Notices
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
24.
Estimated Time Per Respondent: 2
hours.
Estimated Total Annual Burden
Hours: 48.
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: February 7, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–2600 Filed 2–14–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
ycherry on PROD1PC64 with NOTICES
Internal Revenue Service
Proposed Collection; Comment
Request for Notice 2006–107
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
VerDate Aug<31>2005
18:37 Feb 14, 2007
Jkt 211001
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 Notice
2006–107, Diversification Requirements
for Qualified Defined Contribution
Plans Holding Publicly Traded
Employer Securities.
DATES: Written comments should be
received on or before April 16, 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 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: Diversification Requirements for
Qualified Defined Contribution Plans
Holding Publicly Traded Employer
Securities.
OMB Number: 1545–2049.
Revenue Procedure Number: Notice
2006–107.
Abstract: This notice provides
transitional guidance on § 401(a)(35) of
the Internal Revenue Code, added by
section 901 of the Pension Protection
Act of 2006, Public Law 109–280, 120
Stat. 780 (PPA ’06), which provides
diversification rights with respect to
publicly traded employer securities held
by a defined contribution plan. This
notice also states that Treasury and the
Service expect to issue regulations
under § 401(a)(35) that incorporate the
transitional relief in this notice and
requests comments on the transitional
guidance in this notice and on the
topics that need to be addressed in the
regulations. Current Actions: There are
no changes being made to the Notice at
this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business and other
for-profit.
Estimated Number of Respondents:
10,300.
Estimated Time per Respondent: 45
minutes.
PO 00000
Frm 00123
Fmt 4703
Sfmt 4703
7509
Estimated Total Annual Burden
Hours: 7,725.
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: February 7, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–2601 Filed 2–14–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8879–B
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
E:\FR\FM\15FEN1.SGM
15FEN1
]]>Agencies
[Federal Register Volume 72, Number 31 (Thursday, February 15, 2007)]
[Notices]
[Page 7509]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-2601]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Notice 2006-107
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
Notice 2006-107, Diversification Requirements for Qualified Defined
Contribution Plans Holding Publicly Traded Employer Securities.
DATES: Written comments should be received on or before April 16, 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 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: Diversification Requirements for Qualified Defined
Contribution Plans Holding Publicly Traded Employer Securities.
OMB Number: 1545-2049.
Revenue Procedure Number: Notice 2006-107.
Abstract: This notice provides transitional guidance on Sec.
401(a)(35) of the Internal Revenue Code, added by section 901 of the
Pension Protection Act of 2006, Public Law 109-280, 120 Stat. 780 (PPA
'06), which provides diversification rights with respect to publicly
traded employer securities held by a defined contribution plan. This
notice also states that Treasury and the Service expect to issue
regulations under Sec. 401(a)(35) that incorporate the transitional
relief in this notice and requests comments on the transitional
guidance in this notice and on the topics that need to be addressed in
the regulations. Current Actions: There are no changes being made to
the Notice at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business and other for-profit.
Estimated Number of Respondents: 10,300.
Estimated Time per Respondent: 45 minutes.
Estimated Total Annual Burden Hours: 7,725.
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: February 7, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-2601 Filed 2-14-07; 8:45 am]
BILLING CODE 4830-01-P
