Proposed Collection; Comment Request for Regulation Project, 15193-15194 [E7-5865]
Download as PDF
<![CDATA[
Federal Register / Vol. 72, No. 61 / Friday, March 30, 2007 / Notices
Notice and request for
comments.
ACTION:
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 proposed regulation, REG–
150562–03 (NPRM), Section 1045
Application to Partnerships.
DATES: Written comments should be
received on or before May 29, 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 regulations 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.
cprice-sewell on PROD1PC66 with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Section 1045 Application to
Partnerships.
OMB Number: 1545–1893.
Regulation Project Number: REG–
150562–03.
Abstract: This document contains
proposed regulations relating to the
application of section 1045 of the
Internal Revenue Code (Code) to
partnerships and their partners. These
regulations provide rules regarding the
deferral of gain on a partnership’s sale
of qualified small business stock and
deferral of gain on a partner’s sale of
qualified small business stock
distributed by a partnership. The
proposed regulations affect partnerships
that invest in qualified small business
stock and their partners. This document
also provides notice of a public hearing
on the proposed regulations.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of the
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
1,000.
Estimated Time per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 1,000.
VerDate Aug<31>2005
15:49 Mar 29, 2007
Jkt 211001
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 22, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–5858 Filed 3–29–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–251703–96]
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
PO 00000
Frm 00099
Fmt 4703
Sfmt 4703
15193
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, REG–251703–
96 (TD 8813), Residence of Trusts and
Estates—7701 (§ 301.7701–7).
DATES: Written comments should be
received on or before May 29, 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 regulations 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: Residence of Trusts and Estates7701.
OMB Number: 1545–1600.
Regulation Project Number: REG–
251703–96.
Abstract: This regulation provides the
procedures and requirements for making
the election to remain a domestic trust
in accordance with section 1161 of the
Taxpayer Relief Act of 1997. The
information submitted by taxpayers will
be used by the IRS to determine if a
trust is a domestic trust or a foreign
trust.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of the
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
222.
Estimated Time per Respondent: 31
minutes.
Estimated Total Annual Burden
Hours: 114.
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
E:\FR\FM\30MRN1.SGM
30MRN1
15194
Federal Register / Vol. 72, No. 61 / Friday, March 30, 2007 / Notices
cprice-sewell on PROD1PC66 with NOTICES
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;
VerDate Aug<31>2005
15:49 Mar 29, 2007
Jkt 211001
(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
PO 00000
Frm 00100
Fmt 4703
Sfmt 4703
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: March 22, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–5865 Filed 3–29–07; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\30MRN1.SGM
30MRN1
]]>Agencies
[Federal Register Volume 72, Number 61 (Friday, March 30, 2007)]
[Notices]
[Pages 15193-15194]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-5865]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-251703-96]
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, REG-251703-96 (TD 8813), Residence of Trusts
and Estates--7701 (Sec. 301.7701-7).
DATES: Written comments should be received on or before May 29, 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 regulations 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: Residence of Trusts and Estates-7701.
OMB Number: 1545-1600.
Regulation Project Number: REG-251703-96.
Abstract: This regulation provides the procedures and requirements
for making the election to remain a domestic trust in accordance with
section 1161 of the Taxpayer Relief Act of 1997. The information
submitted by taxpayers will be used by the IRS to determine if a trust
is a domestic trust or a foreign trust.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of the currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 222.
Estimated Time per Respondent: 31 minutes.
Estimated Total Annual Burden Hours: 114.
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
[[Page 15194]]
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 22, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-5865 Filed 3-29-07; 8:45 am]
BILLING CODE 4830-01-P
