Proposed Collection; Comment Request for Regulation Project, 54103 [E7-18600]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 72, Number 183 (Friday, September 21, 2007)]
[Notices]
[Page 54103]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-18600]



[[Page 54103]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-148867-03]


Proposed Collection; Comment Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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-148867-03, (TD 9327) Disclosure of 
Returns and Return Information in Connection with Written Contracts or 
Agreements for the Acquisition of Property or Services for Tax 
Administration Purposes.

DATES: Written comments should be received on or before November 20, 
2007 to be assured of consideration.

ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal 
Revenue Service, room 6129, 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 
Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., 
Washington, DC 20224, or at (202) 622-6688, or through the Internet at 
Carolyn.N.Brown@irs.gov.

SUPPLEMENTARY INFORMATION: Title: REG-148867-03 (TD 9327) (Final) 
Disclosure of Returns and Return Information in Connection with Written 
Contracts or Agreements for the Acquisition of Property or Services for 
Tax Administration Purposes.
    OMB Number: 1545-1821.
    Regulation Project Number: REG-148867-03.
    Abstract: The final regulations clarify that redisclosures or 
returns and return information by contractors to agents or 
subcontractors are permissible, and that the penalty provisions, 
written notification requirements, and safeguard requirements are 
applicable to these agents and subcontractors. Section 301.6103(n)-1(d) 
of the final regulations require that contractors, agents, and 
subcontractors who receive returns or return information under the 
final regulations must provide written notice to their officers and 
employees of the purposes for which returns or return information may 
be used and of the potential civil and criminal penalties for 
unauthorized inspections or disclosures, including informing them of 
the imposition of punitive damages in the case of a willful inspection 
or disclosure or an inspection or disclosure which is the result of 
gross negligence. Section 301.6103(n)-1(e)(3) of the final regulations 
require that before the execution of a contract or agreement for the 
acquisition of property or services under which returns or return 
information will be disclosed, the contract or agreement must be made 
available to the IRS.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, not-
for-profit institutions and Federal, state, local or tribal 
governments.
    Estimated Number of Respondents: 2,500.
    Estimated Time per Respondent: 0.1 hr.
    Estimated Total Annual Burden Hours: 250.
    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: September 13, 2007.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E7-18600 Filed 9-20-07; 8:45 am]
BILLING CODE 4830-01-P