Proposed Collection; Comment Request for Form 8893, 67996-67997 [E7-23278]

Download as PDF 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 Federal Register / Vol. 72, No. 231 / Monday, December 3, 2007 / Notices Notice and request for comments. ACTION: 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 8893, Election of Partnership Level Tax Treatment. 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. mstockstill on PROD1PC66 with NOTICES SUPPLEMENTARY INFORMATION: VerDate Aug<31>2005 16:17 Nov 30, 2007 Jkt 214001 Title: Election of Partnership Level Tax Treatment. OMB Number: 1545–1912. Form Number: 8893. Abstract: IRC section 6231(a)(1)(B)(ii) allows small partnerships to elect to be treated under the unified audit and litigation procedure. Form 8893 will allow IRS to better track these elections by providing a standardized format for this election. 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. Estimated Number of Respondents: 100. Estimated Time per Respondent: 1 hours, 27 minutes. Estimated Total Annual Burden Hours: 227. 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 PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 67997 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. E7–23278 Filed 11–30–07; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\03DEN1.SGM 03DEN1

Agencies

[Federal Register Volume 72, Number 231 (Monday, December 3, 2007)]
[Notices]
[Pages 67996-67997]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-23278]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8893

AGENCY: Internal Revenue Service (IRS), Treasury.

[[Page 67997]]


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 
Form 8893, Election of Partnership Level Tax Treatment.

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: Election of Partnership Level Tax Treatment.
    OMB Number: 1545-1912.
    Form Number: 8893.
    Abstract: IRC section 6231(a)(1)(B)(ii) allows small partnerships 
to elect to be treated under the unified audit and litigation 
procedure. Form 8893 will allow IRS to better track these elections by 
providing a standardized format for this election.
    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: 100.
    Estimated Time per Respondent: 1 hours, 27 minutes.
    Estimated Total Annual Burden Hours: 227.
    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. E7-23278 Filed 11-30-07; 8:45 am]
BILLING CODE 4830-01-P
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