Proposed Collection; Comment Request for Regulation Project, 26683-26684 [E7-8916]
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Federal Register / Vol. 72, No. 90 / Thursday, May 10, 2007 / Notices
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–208985–89, Taxable
Year of Certain Foreign Corporations
Beginning After July 10, 1989 (§§ 1.563–
3, 1.898–3, and 1.898–4).
DATES: Written comments should be
received on or before July 9, 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).
pwalker on PROD1PC71 with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Taxable Year of Certain Foreign
Corporations Beginning After July 10,
1989.
OMB Number: 1545–1355.
Regulation Project Number: REG–
208985–89 (formerly INTL–848–89).
Abstract: This regulation provides
guidance concerning Internal Revenue
Code section 898, which seeks to
eliminate the deferral of income and,
therefore, the understatement in
income, by United States shareholders
of certain controlled foreign
corporations and foreign personal
holding companies. The elimination of
deferral is accomplished by requiring a
specified foreign corporation to conform
its taxable year to the majority U.S.
shareholder year. The information
collected will be used by the IRS to
assess the reported tax and determine
whether taxpayers have complied with
Code section 898.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
700.
Estimated Time per Respondent: 1
hour.
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15:04 May 09, 2007
Jkt 211001
Estimate Total Annual Burden Hours:
700.
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.
26683
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 existing
final regulations, PS–78–91 (TD 8430),
Procedure for Monitoring Compliance
With Low-Income Housing Credit
Requirements; PS–50–92 (TD 8521),
Rules To Carry Out the Purposes of
Section 42 and for Correcting
Administrative Errors and Omissions;
and REG–114664–97 (TD 8859),
Compliance Monitoring and
Miscellaneous Issues Relating to the
Low-Income Housing Credit (§§ 1.42–5,
1.42–13, and 1.42–17).
DATES: Written comments should be
received on or before July 9, 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 Carolyn N. Brown, at (202)
622–6688, or at Internal Revenue
Service, room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: PS–78–91, Procedure for
Monitoring Compliance With LowIncome Housing Credit Requirements;
PS–50–92, Rules To Carry Out the
Purposes of Section 42 and for
Correcting Administrative Errors and
Omissions; and REG–114664–97,
Approved: May 1, 2007.
Compliance Monitoring and
Glenn Kirkland,
Miscellaneous Issues Relating to the
IRS Reports Clearance Officer.
Low-Income Housing Credit.
OMB Number: 1545–1357.
[FR Doc. E7–8915 Filed 5–9–07; 8:45 am]
Regulation Project Numbers: PS–78–
BILLING CODE 4830–01–P
91; PS–50–92; and REG–114664–97.
Abstract:
PS–78–91. This regulation requires
DEPARTMENT OF THE TREASURY
state allocation plans to provide a
Internal Revenue Service
procedure for state and local housing
credit agencies to monitor for
[PS–78–91; PS–50–92; and REG–114664–97]
compliance with the requirements of
Code section 42 and report any
Proposed Collection; Comment
noncompliance to the IRS.
Request for Regulation Project
PS–50–92. This regulation concerns
the Secretary of the Treasury’s authority
AGENCY: Internal Revenue Service (IRS),
to provide guidance under Code section
Treasury.
42 and allows state and local housing
ACTION: Notice and request for
credit agencies to correct administrative
comments.
errors and omissions made in
SUMMARY: The Department of the
connection with allocations of lowTreasury, as part of its continuing effort income housing credit dollar amounts
to reduce paperwork and respondent
and recordkeeping within a reasonable
burden, invites the general public and
period after their discovery.
REG–114664–97. This regulation
other Federal agencies to take this
amends the procedures for state and
opportunity to comment on proposed
local housing credit agencies’
and/or continuing information
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E:\FR\FM\10MYN1.SGM
10MYN1
26684
Federal Register / Vol. 72, No. 90 / Thursday, May 10, 2007 / Notices
pwalker on PROD1PC71 with NOTICES
compliance monitoring and the rules for
state and local housing credit agencies’
correction of administrative errors or
omissions.
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, individual or
households, not-for-profit institutions,
and state, local or tribal governments.
Estimated Number of Respondents:
22,055.
Estimated Time per Respondent: 4
hours, 45 minutes.
Estimated Total Annual Burden
Hours: 104,899.
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: May 2, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–8916 Filed 5–9–07; 8:45 am]
BILLING CODE 4830–01–P
VerDate Aug<31>2005
15:04 May 09, 2007
Jkt 211001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 720
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
720, Quarterly Federal Excise Tax
Return.
DATES: Written comments should be
received on or before July 9, 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: Quarterly Federal Excise Tax
Return.
OMB Number: 1545–0023.
Form Number: 720.
Abstract: Form 720 is used to report
(1) Excise taxes due from retailers and
manufacturers on the sale or
manufacture of various articles, (2) the
tax on facilities and services, (3)
environmental taxes, (4) luxury tax, and
(5) floor stocks taxes. The information
supplied on Form 720 is used by the IRS
to determine the correct tax liability.
Additionally the data is reported by the
IRS to Treasury so that funds may be
transferred from the general revenue
fund to the appropriate trusts funds.
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, individuals, notfor-profit institutions, farms, and
Federal, state, local or tribal
governments.
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Fmt 4703
Sfmt 4703
Estimated Number of Respondents:
387,744.
Estimated Time per Respondent: 9
hrs, 13 minutes.
Estimated Total Annual Burden
Hours: 3,575,505.
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: May 1, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–8917 Filed 5–9–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Forms W–8BEN, W–8ECI,
W–8EXP, and W–8IMY
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
E:\FR\FM\10MYN1.SGM
10MYN1
]]>Agencies
[Federal Register Volume 72, Number 90 (Thursday, May 10, 2007)]
[Notices]
[Pages 26683-26684]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-8916]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[PS-78-91; PS-50-92; and REG-114664-97]
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
existing final regulations, PS-78-91 (TD 8430), Procedure for
Monitoring Compliance With Low-Income Housing Credit Requirements; PS-
50-92 (TD 8521), Rules To Carry Out the Purposes of Section 42 and for
Correcting Administrative Errors and Omissions; and REG-114664-97 (TD
8859), Compliance Monitoring and Miscellaneous Issues Relating to the
Low-Income Housing Credit (Sec. Sec. 1.42-5, 1.42-13, and 1.42-17).
DATES: Written comments should be received on or before July 9, 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 Carolyn N. Brown, at
(202) 622-6688, or at Internal Revenue Service, room 6516, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the
Internet, at Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: PS-78-91, Procedure for Monitoring Compliance With Low-
Income Housing Credit Requirements; PS-50-92, Rules To Carry Out the
Purposes of Section 42 and for Correcting Administrative Errors and
Omissions; and REG-114664-97, Compliance Monitoring and Miscellaneous
Issues Relating to the Low-Income Housing Credit.
OMB Number: 1545-1357.
Regulation Project Numbers: PS-78-91; PS-50-92; and REG-114664-97.
Abstract:
PS-78-91. This regulation requires state allocation plans to
provide a procedure for state and local housing credit agencies to
monitor for compliance with the requirements of Code section 42 and
report any noncompliance to the IRS.
PS-50-92. This regulation concerns the Secretary of the Treasury's
authority to provide guidance under Code section 42 and allows state
and local housing credit agencies to correct administrative errors and
omissions made in connection with allocations of low-income housing
credit dollar amounts and recordkeeping within a reasonable period
after their discovery.
REG-114664-97. This regulation amends the procedures for state and
local housing credit agencies'
[[Page 26684]]
compliance monitoring and the rules for state and local housing credit
agencies' correction of administrative errors or omissions.
Current Actions: There is no change to these existing regulations.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individual or households, not-for-profit institutions, and state, local
or tribal governments.
Estimated Number of Respondents: 22,055.
Estimated Time per Respondent: 4 hours, 45 minutes.
Estimated Total Annual Burden Hours: 104,899.
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: May 2, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-8916 Filed 5-9-07; 8:45 am]
BILLING CODE 4830-01-P
