Proposed Collection; Comment Request for Form 8838, 67996 [E7-23276]
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67996
Federal Register / Vol. 72, No. 231 / Monday, December 3, 2007 / Notices
Reg E–12 CFR 205—Electronic Fund
Transfers
Establishes the rights, liabilities, and
responsibilities of parties in electronic
funds transfers and protects consumers
when they use such systems.
Dated: November 27, 2007.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory
Activities Division, Office of the Comptroller
of the Currency.
[FR Doc. 07–5908 Filed 11–30–07; 8:45 am]
BILLING CODE 4810–33–P
Reg M–12 CFR 213—Consumer Leasing
Implements the consumer leasing
provisions of the Truth in Lending Act
by requiring meaningful disclosure of
leasing terms.
Prescribes uniform methods for
computing the cost of credit, for
disclosing credit terms and costs, and
for resolving errors on certain types of
credit accounts.
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
Reg CC–12 CFR 229—Availability of
Funds and Collection of Checks
Governs the availability of funds
deposited in checking accounts, the
collection and return of checks, and
substitute checks.
mstockstill on PROD1PC66 with NOTICES
Reg DD–12 CFR 230—Truth in Savings
Requires depository institutions to
provide disclosures to enable consumers
to make meaningful comparisons of
deposit accounts.
Affected Public: Businesses or other
for-profit.
Burden Estimates:
Estimated Number of Respondents:
1,800.
Estimated Number of Responses:
1,800.
Estimated Annual Burden:
3,539,052 hours.
Frequency of Response: On occasion.
Comments: The OCC issued a 60-day
Federal Register notice on May 21,
2007. 72 FR 28555. Comments continue
to be invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information has 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 on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and
(e) Estimates of capital or startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
16:17 Nov 30, 2007
Jkt 214001
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8838
Reg Z–12 CFR 226—Truth in Lending
VerDate Aug<31>2005
DEPARTMENT OF THE TREASURY
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
8838, Consent To Extend the Time To
Assess Tax Under Section 367—Gain
Recognition Agreement.
DATES: Written comments should be
received on or before February 1, 2008
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 copies of the form and
instructions should be directed to Allan
Hopkins at Internal Revenue Service,
Room 6129, 1111 Constitution Avenue,
NW., Washington, DC 20224, or at (202)
622–6665, or through the internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Consent To Extend the Time To
Assess Tax Under Section 367—Gain
Recognition Agreement.
OMB Number: 1545–1395.
Form Number: 8838.
Abstract: Form 8838 is used to extend
the statute of limitations for U.S.
persons who transfer stock or securities
to a foreign corporation. The form is
filed when the transferor makes a gain
recognition agreement. This agreement
allows the transferor to defer the
payment of tax on the transfer. The IRS
uses Form 8838 so that it may assess tax
against the transferor after the
expiration of the original statute of
limitations.
PO 00000
Frm 00116
Fmt 4703
Sfmt 4703
Current Actions: There are no changes
being made to the Form 8838 at this
time.
Type of Review: Extension of a current
approval.
Affected Public: Business or other forprofit organizations and individuals.
Estimated Number of Respondents:
666.
Estimated Time per Respondent: 8
hrs., 14 min.
Estimated Total Annual Burden
Hours: 5,482.
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: November 26, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–23276 Filed 11–30–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8893
Internal Revenue Service (IRS),
Treasury.
AGENCY:
E:\FR\FM\03DEN1.SGM
03DEN1
]]>Agencies
[Federal Register Volume 72, Number 231 (Monday, December 3, 2007)]
[Notices]
[Page 67996]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-23276]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8838
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 8838, Consent To Extend the Time To Assess Tax Under Section 367--
Gain Recognition Agreement.
DATES: Written comments should be received on or before February 1,
2008 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 copies of the form and
instructions should be directed to Allan Hopkins at Internal Revenue
Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC
20224, or at (202) 622-6665, or through the internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Consent To Extend the Time To Assess Tax Under Section 367--
Gain Recognition Agreement.
OMB Number: 1545-1395.
Form Number: 8838.
Abstract: Form 8838 is used to extend the statute of limitations
for U.S. persons who transfer stock or securities to a foreign
corporation. The form is filed when the transferor makes a gain
recognition agreement. This agreement allows the transferor to defer
the payment of tax on the transfer. The IRS uses Form 8838 so that it
may assess tax against the transferor after the expiration of the
original statute of limitations.
Current Actions: There are no changes being made to the Form 8838
at this time.
Type of Review: Extension of a current approval.
Affected Public: Business or other for-profit organizations and
individuals.
Estimated Number of Respondents: 666.
Estimated Time per Respondent: 8 hrs., 14 min.
Estimated Total Annual Burden Hours: 5,482.
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: November 26, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-23276 Filed 11-30-07; 8:45 am]
BILLING CODE 4830-01-P
