Proposed Collection; Comment Request for Form 1120-SF, 58735 [E7-20306]
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mmaher on PROD1PC70 with NOTICES
Federal Register / Vol. 72, No. 199 / Tuesday, October 16, 2007 / Notices
Title: Request for Recovery of
Overpayments Under Arbitrage Rebate
Provisions.
OMB Number: 1545–1750.
Form Number: 8038–R.
Abstract: Under Treasury Regulations
section 1.148–3(i), bond issuers may
recover an overpayment of arbitrage
rebate paid to the United States under
Internal Revenue Code section 148.
Form 8038–R is used to request recovery
of any overpayment of arbitrage rebate
made under the arbitrage rebate
provisions.
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: State, local or tribal
governments.
Estimated Number of Respondents:
200.
Estimated Time per Respondent: 12
hours, 16 minutes.
Estimated Total Annual Burden
Hours: 2,458.
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.
VerDate Aug<31>2005
04:12 Oct 16, 2007
Jkt 214001
Approved: October 4, 2007.
Glenn Kirkland,
IRS Reports Clearance Office.
[FR Doc. E7–20305 Filed 10–15–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1120–SF
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
1120–SF, U.S. Income Tax Return for
Settlement Funds (Under Section 468B).
DATES: Written comments should be
received on or before December 17, 2007
to be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, room 6129, 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 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
3179, or through the internet at
(Larnice.Mack@irs.gov).
SUPPLEMENTARY INFORMATION:
Title: U.S. Income Tax Return for
Settlement Funds (Under Section 468B).
OMB Number: 1545–1394.
Form Number: 1120–SF.
Abstract: Form 1120–SF is used by
settlement funds to report income and
taxes on earnings of the fund. The fund
may be established by court order, a
breach of contract, a violation of law, an
arbitration panel, or the Environmental
Protection Agency. The IRS uses Form
1120–SF to determine if income and
taxes are correctly 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: Business or other forprofit organizations.
PO 00000
Frm 00105
Fmt 4703
Sfmt 4703
58735
Estimated Number of Respondents:
1,000.
Estimated Time per Respondent: 27
hours, 20 minutes.
Estimated Total Annual Burden
Hours: 27,330.
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: October 4, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–20306 Filed 10–15–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–New (38 CFR
21.7080)]
Agency Information Collection
Activities Under OMB Review
Veterans Benefits
Administration, Department of Veterans
Affairs
ACTION: Notice.
AGENCY:
SUMMARY: In compliance with the
Paperwork Reduction Act (PRA) of 1995
(44 U.S.C. 3501–3521), this notice
E:\FR\FM\16OCN1.SGM
16OCN1
]]>Agencies
[Federal Register Volume 72, Number 199 (Tuesday, October 16, 2007)]
[Notices]
[Page 58735]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-20306]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1120-SF
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
Form 1120-SF, U.S. Income Tax Return for Settlement Funds (Under
Section 468B).
DATES: Written comments should be received on or before December 17,
2007 to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn Kirkland, Internal
Revenue Service, room 6129, 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 6129, 1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622-3179, or through the internet at
(Larnice.Mack@irs.gov).
SUPPLEMENTARY INFORMATION:
Title: U.S. Income Tax Return for Settlement Funds (Under Section
468B).
OMB Number: 1545-1394.
Form Number: 1120-SF.
Abstract: Form 1120-SF is used by settlement funds to report income
and taxes on earnings of the fund. The fund may be established by court
order, a breach of contract, a violation of law, an arbitration panel,
or the Environmental Protection Agency. The IRS uses Form 1120-SF to
determine if income and taxes are correctly 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: Business or other for-profit organizations.
Estimated Number of Respondents: 1,000.
Estimated Time per Respondent: 27 hours, 20 minutes.
Estimated Total Annual Burden Hours: 27,330.
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: October 4, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-20306 Filed 10-15-07; 8:45 am]
BILLING CODE 4830-01-P
