Proposed Collection; Comment Request for Regulation Project, 33802 [E7-11733]
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33802
Federal Register / Vol. 72, No. 117 / Tuesday, June 19, 2007 / Notices
rwilkins on PROD1PC63 with NOTICES
an interest that qualifies, in whole or in
part, for a charitable deduction, by use
of a different interest rate component
that is more favorable to the respondent.
This regulation requires individuals or
fiduciaries making the election to file a
statement with their estate or gift tax
return.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of OMB
approval.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
6,000.
Estimated Time Per Respondent: 45
minutes.
Estimated Total Annual Hours: 4,500.
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: June 11, 2007.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E7–11732 Filed 6–18–07; 8:45 am]
BILLING CODE 4830–01–P
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18:32 Jun 18, 2007
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL–79–91]
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, INTL–79–91
(TD 8573), Information Returns
Required of United States Persons With
Respect to Certain Foreign Corporations
(§§ 1.6035–1, 1.6038–2 and 1.6046–1).
DATES: Written comments should be
received on or before August 20, 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 regulation 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: Information Returns Required of
United States Persons with Respect to
Certain Foreign Corporations.
OMB Number: 1545–1317.
Regulation Project Number: INTL–79–
91.
Abstract: This regulation amends the
existing regulations under sections
6035, 6038, and 6046 of the Internal
Revenue Code. The regulation amends
and liberalizes certain requirements
regarding the format in which
information must be provided for
purposes of Form 5471, Information
Return of U.S. Persons with Respect to
Certain Foreign Corporations. The
regulation provides that financial
statement information must be
expressed in U.S. dollars translated
according to U.S. generally accepted
PO 00000
Frm 00068
Fmt 4703
Sfmt 4703
accounting principles and permits
functional reporting of certain items.
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.
The burden for the collection of
information is reflected in the burden
for Form 5471, Information Return of
U.S. Persons with Respect to Certain
Foreign Corporations.
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: June 11, 2007.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E7–11733 Filed 6–18–07; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\19JNN1.SGM
19JNN1
]]>Agencies
[Federal Register Volume 72, Number 117 (Tuesday, June 19, 2007)]
[Notices]
[Page 33802]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-11733]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL-79-91]
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, INTL-79-91 (TD 8573), Information Returns
Required of United States Persons With Respect to Certain Foreign
Corporations (Sec. Sec. 1.6035-1, 1.6038-2 and 1.6046-1).
DATES: Written comments should be received on or before August 20, 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 regulation 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: Information Returns Required of United States Persons with
Respect to Certain Foreign Corporations.
OMB Number: 1545-1317.
Regulation Project Number: INTL-79-91.
Abstract: This regulation amends the existing regulations under
sections 6035, 6038, and 6046 of the Internal Revenue Code. The
regulation amends and liberalizes certain requirements regarding the
format in which information must be provided for purposes of Form 5471,
Information Return of U.S. Persons with Respect to Certain Foreign
Corporations. The regulation provides that financial statement
information must be expressed in U.S. dollars translated according to
U.S. generally accepted accounting principles and permits functional
reporting of certain items.
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.
The burden for the collection of information is reflected in the
burden for Form 5471, Information Return of U.S. Persons with Respect
to Certain Foreign Corporations.
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: June 11, 2007.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E7-11733 Filed 6-18-07; 8:45 am]
BILLING CODE 4830-01-P
