Proposed Collection; Comment Request for Form 1099-Q, 70940-70941 [E7-24108]
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70940
Federal Register / Vol. 72, No. 239 / Thursday, December 13, 2007 / Notices
Clearance Officer: Glenn P. Kirkland,
(202) 622–3428, Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt,
(202) 395–7316, Office of Management
and Budget, Room 10235, New
Executive Office Building, Washington,
DC 20503.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E7–24152 Filed 12–12–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 2553
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
2553, Election by a Small Business
Corporation.
Written comments should be
received on or before February 11, 2008
to be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. 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 R. Joseph Durbala
at Internal Revenue Service, room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
3634, or through the internet at
RJoseph.Durbala@irs.gov.
DATES:
mstockstill on PROD1PC66 with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Election by a Small Business
Corporation.
OMB Number: 1545–0146.
Form Number: 2553.
Abstract: Form 2553 is filed by a
qualifying corporation to elect to be an
S Corporation as defined in Internal
Revenue Code section 1361. The
information obtained is necessary to
VerDate Aug<31>2005
17:10 Dec 12, 2007
Jkt 214001
determine if the election should be
accepted by the IRS. When the election
is accepted, the qualifying corporation
is classified as an S Corporation and the
corporation’s income is taxed to the
shareholders of the corporation.
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: Businesses and
Farms.
Estimated Number of Respondents:
500,000.
Estimated Time per Respondent: 17
hrs., 7 min.
Estimated Total Annual Burden
Hours: 8,555,000.
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: December 3, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–24107 Filed 12–12–07; 8:45 am]
BILLING CODE 4830–01–P
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Frm 00125
Fmt 4703
Sfmt 4703
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1099–Q
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
1099–Q, Payments From Qualified
Education Programs (Under Sections
529 and 530).
DATES: Written comments should be
received on or before February 11, 2008
to be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. 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(s) and instructions
should be directed to R. Joseph Durbala,
(202) 622–3634, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the internet at
RJoseph.Durbala@irs.gov.
Title:
Payments From Qualified Education
Programs (Under Sections 529 and 530).
OMB Number: 1545–1760.
Form Number: 1099–Q.
Abstract: Form 1099–Q is used to
report distributions from private and
state qualified tuition programs as
required under Internal Revenue Code
sections 529 and 530.
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:
150,000.
Estimated Time per Respondent: 13
minutes.
Estimated Total Annual Burden
Hours: 33,000.
The following paragraph applies to all
of the collections of information covered
by this notice:
SUPPLEMENTARY INFORMATION:
E:\FR\FM\13DEN1.SGM
13DEN1
Federal Register / Vol. 72, No. 239 / Thursday, December 13, 2007 / Notices
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 30, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–24108 Filed 12–12–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 2003–
45 and Revenue Procedure 2004–48
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
mstockstill on PROD1PC66 with NOTICES
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
Revenue Procedure 2003–45, Late
VerDate Aug<31>2005
17:10 Dec 12, 2007
Jkt 214001
Election Relief for S Corporations, and
Revenue Procedure 2004–48, Deemed
Corporate Election for Late Electing S
Corporations.
DATES: Written comments should be
received on or before February 11, 2008
to be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. 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 revenue procedures should
be directed to R. Joseph Durbala, at
Internal Revenue Service, room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
3634, or through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Revenue Procedure 2003–45,
Late Election Relief for S Corporations,
and Revenue Procedure 2004–48,
Deemed Corporate Election for Late
Electing S Corporations.
OMB Number: 1545–1548.
Revenue Procedure Number: Revenue
Procedure 2003–45 and Revenue
Procedure 2004–48.
Abstract: Revenue Procedure 2003–45
provides a simplified method for
taxpayers to request relief for late S
corporation elections, Electing Small
Business Trust (ESBT) elections,
Qualified Subchapter S Subsidiary
(QSub) elections. Generally, this
revenue procedure provides that certain
eligible entities may be granted relief for
failing to file these elections in a timely
manner if the request for relief is filed
with 24 months of the due date of the
election. Revenue Procedure 2004–48
provides a simplified method for
taxpayers to request relief for a late S
corporation election and a late corporate
classification election which was
intended to be effective on the same
date that the S corporation election was
intended to be effective.
Current Actions: There are no changes
being made to these revenue procedures
at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
50,000.
Estimated Average Time per
Respondent: 1 hour.
Estimated Total Annual Burden
Hours: 50,000.
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
PO 00000
Frm 00126
Fmt 4703
Sfmt 4703
70941
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 30, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7–24109 Filed 12–12–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
United States Mint
Notification of Citizens Coinage
Advisory Committee January 2008
Public Meeting
Summary: Pursuant to United States
Code, Title 31, section 5135(b)(8)(C), the
United States Mint announces the
Citizens Coinage Advisory Committee
(CCAC) public meeting scheduled for
January 15, 2008.
Date: January 15, 2008.
Time: Public meeting time: 9 a.m. to
12 p.m.
Location: United States Mint, 801 9th
Street, NW., Washington, DC 20220.
Subject: Review candidate designs for
the Abraham Lincoln One-Cent Coin
Redesign Program, candidate designs for
the Congressional Gold Medal for Dr.
Michael E. DeBakey, and other general
business.
Interested persons should call 202–
354–7502 for the latest update on
meeting time and room location.
E:\FR\FM\13DEN1.SGM
13DEN1
]]>Agencies
[Federal Register Volume 72, Number 239 (Thursday, December 13, 2007)]
[Notices]
[Pages 70940-70941]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-24108]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1099-Q
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 1099-Q, Payments From Qualified Education Programs (Under Sections
529 and 530).
DATES: Written comments should be received on or before February 11,
2008 to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn P. 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(s) and instructions should be directed to R. Joseph
Durbala, (202) 622-3634, Internal Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the internet
at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION: Title: Payments From Qualified Education
Programs (Under Sections 529 and 530).
OMB Number: 1545-1760.
Form Number: 1099-Q.
Abstract: Form 1099-Q is used to report distributions from private
and state qualified tuition programs as required under Internal Revenue
Code sections 529 and 530.
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: 150,000.
Estimated Time per Respondent: 13 minutes.
Estimated Total Annual Burden Hours: 33,000.
The following paragraph applies to all of the collections of
information covered by this notice:
[[Page 70941]]
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 30, 2007.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-24108 Filed 12-12-07; 8:45 am]
BILLING CODE 4830-01-P
