Proposed Collection; Comment Request for Regulation Project, 13865-13866 [E7-5282]
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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
13866
Federal Register / Vol. 72, No. 56 / Friday, March 23, 2007 / Notices
(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. E7–5282 Filed 3–22–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[PS–74–89]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
sroberts 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 an
existing final regulation, PS–74–89 (TD
8282), Election of Reduced Research
Credit (§ 1.280C–4).
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 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
VerDate Aug<31>2005
17:56 Mar 22, 2007
Jkt 211001
through the Internet at
Larnice.Mack@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Election of Reduced Research
Credit.
OMB Number: 1545–1155.
Regulation Project Number: PS–74–
89.
Abstract: This regulation relates to the
manner of making an election under
section 280C(3) of the Internal Revenue
Code. This election enables a taxpayer
to claim a reduced income tax credit for
increasing research activities and
thereby avoid a reduction of the section
174 deduction for research and
experimental expenditures.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and
business or other for-profit
organizations.
Estimated Number of Respondents:
200.
Estimated Time per Respondent: 15
minutes.
Estimated Total Annual Burden
Hours: 50.
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.
PO 00000
Frm 00132
Fmt 4703
Sfmt 4703
Approved: March 7, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–5286 Filed 3–22–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[Regulation Section 601.601]
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, regulation
section 601.601, Rules and Regulations.
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 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: Rules and Regulations.
OMB Number: 1545–0800.
Regulation Project Number:
Regulation section 601.601.
Abstract: Persons wishing to speak at
a public hearing on a proposed rule
must submit written comments and an
outline within prescribed time limits,
for use in preparing agendas and
allocating time. Persons interested in
the issuance, amendment, or repeal of a
rule may submit a petition for this. IRS
considers the petitions in it
deliberations.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
E:\FR\FM\23MRN1.SGM
23MRN1
]]>Agencies
[Federal Register Volume 72, Number 56 (Friday, March 23, 2007)]
[Notices]
[Pages 13865-13866]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-5282]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[PS-25-94]
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 regulation, PS-25-94 (TD 8686), Requirements to Ensure
Collection of Section 2056A Estate Tax (Sec. 20.2056A-2).
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 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: 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:
[[Page 13866]]
(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. E7-5282 Filed 3-22-07; 8:45 am]
BILLING CODE 4830-01-P
