Proposed Collection; Comment Request for Form 706, 13864-13865 [E7-5280]
Download as PDF
<![CDATA[
sroberts on PROD1PC70 with NOTICES
13864
Federal Register / Vol. 72, No. 56 / Friday, March 23, 2007 / Notices
that must be capitalized, section 848
requires that a company capitalize an
amount of otherwise deductible
expenses equal to specified percentages
of net premiums with respect to certain
types of insurance contracts. Insurance
companies that enter into reinsurance
agreements must determine the amounts
to be capitalized under those
agreements consistently. This regulation
provides elections to permit the parties
to a reinsurance agreement to shift the
burden of capitalization for their mutual
benefit.
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:
2,070.
Estimated Time per Respondent: 1 hr.
Estimated Total Annual Burden
Hours: 2,070.
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.
VerDate Aug<31>2005
16:41 Mar 22, 2007
Jkt 211001
Approved: March 7, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–5278 Filed 3–22–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 5498
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 Form
5498, IRA Contribution Information.
DATES: Written comments should be
received on or before May 22, 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 form and instructions
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: IRA Contribution Information.
OMB Number: 1545–0747.
Form Number: 5498.
Abstract: Form 5498 is used by
trustees and issuers to report
contributions to, and the fair market
value of, an individual retirement
arrangement (IRA). The information on
the form will be used by IRS to verify
compliance with the reporting rules
under regulation section 1.408–5 and to
verify that the participant in the IRA has
made the contribution for which he or
she is taking a deduction.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
PO 00000
Frm 00130
Fmt 4703
Sfmt 4703
Estimated Number of Respondents:
81,208,141.
Estimated Time per Respondent: 20
minutes.
Estimated Total Annual Burden
Hours: 16,241,629.
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: March 7, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–5279 Filed 3–22–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 706
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
E:\FR\FM\23MRN1.SGM
23MRN1
Federal Register / Vol. 72, No. 56 / Friday, March 23, 2007 / Notices
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
706, United States Estate (and
Generation-Skipping Transfer) Tax
Return.
Written comments should be
received on or before May 22, 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 the form and instructions
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.
DATES:
sroberts on PROD1PC70 with NOTICES
SUPPLEMENTARY INFORMATION:
Title: United States Estate (and
Generation-Skipping Transfer) Tax
Return.
OMB Number: 1545–0015.
Form Number: 706.
Abstract: Form 706 is used by
executors to report and compute the
Federal estate tax imposed by Internal
Revenue Code section 2001 and the
Federal generation-skipping transfer
(GST) tax imposed by Code section
2601. The IRS uses the information on
the form to enforce the estate and GST
tax provisions of the Code and to verify
that the taxes have been properly
computed.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households and business or other forprofit organizations.
Estimated Number of Respondents:
117,000.
Estimated Time per Respondent: 17
hours, 2 minutes.
Estimated Total Annual Burden
Hours: 2,028,430.
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
VerDate Aug<31>2005
16:41 Mar 22, 2007
Jkt 211001
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: March 7, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–5280 Filed 3–22–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[PS–25–94]
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 regulation, PS–25–94 (TD
8686), Requirements to Ensure
Collection of Section 2056A Estate Tax
(§ 20.2056A–2).
DATES: Written comments should be
received on or before May 22, 2007 to
be assured of consideration.
PO 00000
Frm 00131
Fmt 4703
Sfmt 4703
13865
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.
ADDRESSES:
SUPPLEMENTARY INFORMATION:
Title: Requirements to Ensure
Collection of Section 2056A Estate Tax.
OMB Number: 1545–1443.
Regulation Project Number: PS–25–
94.
Abstract: This regulation provides
guidance relating to the additional
requirements necessary to ensure the
collection of the estate tax imposed
under Internal Revenue Code section
2056A(b) with respect to taxable events
involving qualified domestic trusts
(QDOT’S). In order to ensure collection
of the tax, the regulation provides
various security options that may be
selected by the trust and the
requirements associated with each
option. In addition, under certain
circumstances the trust is required to
file an annual statement with the IRS
disclosing the assets held by the trust.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
4,390.
Estimated Time per Respondent: 1
hour, 23 minutes.
Estimated Total Annual Burden
Hours: 6,070.
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:
E:\FR\FM\23MRN1.SGM
23MRN1
]]>Agencies
[Federal Register Volume 72, Number 56 (Friday, March 23, 2007)]
[Notices]
[Pages 13864-13865]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-5280]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 706
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
[[Page 13865]]
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 706, United States Estate (and Generation-
Skipping Transfer) Tax Return.
DATES: Written comments should be received on or before May 22, 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 the form and instructions 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: United States Estate (and Generation-Skipping Transfer) Tax
Return.
OMB Number: 1545-0015.
Form Number: 706.
Abstract: Form 706 is used by executors to report and compute the
Federal estate tax imposed by Internal Revenue Code section 2001 and
the Federal generation-skipping transfer (GST) tax imposed by Code
section 2601. The IRS uses the information on the form to enforce the
estate and GST tax provisions of the Code and to verify that the taxes
have been properly computed.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households and business or other
for-profit organizations.
Estimated Number of Respondents: 117,000.
Estimated Time per Respondent: 17 hours, 2 minutes.
Estimated Total Annual Burden Hours: 2,028,430.
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: March 7, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-5280 Filed 3-22-07; 8:45 am]
BILLING CODE 4830-01-P
