Proposed Collection; Comment Request for Form 5713 and Schedules A, B, and C (Form 5713), 6563-6564 [E8-2022]

Download as PDF Federal Register / Vol. 73, No. 23 / Monday, February 4, 2008 / Notices 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: January 24, 2008. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E8–2019 Filed 2–1–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Revenue Procedure 2001– 21 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. ebenthall on PRODPC61 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 2001–21, Debt RollUps. VerDate Aug<31>2005 15:15 Feb 01, 2008 Jkt 214001 Written comments should be received on or before April 4, 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 regulations 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: SUPPLEMENTARY INFORMATION: Title: Debt Roll-Ups. OMB Number: 1545–1647. Revenue Procedure Number: Revenue Procedure 2001–21. Abstract: Revenue Procedure 2001–21 provides for an election that will facilitate the consolidation of two or more outstanding debt instruments into a single debt instrument. Under the election, taxpayers can treat certain exchanges of debt instruments as realization events for federal income tax purposes even though the exchanges do not result in significant medications under section 1.1001–3 of the Income Tax Regulations. Current Actions: There are no changes to the paperwork burden relating to this revenue procedure 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: 45 minutes. Estimated Total Annual Burden Hours: 75. The burden for the collection of information is reflected in the burden of Form 4868, Application for Automatic Extension of Time to File U.S. Individual Tax Return. The following paragraph applies to all 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 PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 6563 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: January 24, 2008. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E8–2021 Filed 2–1–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 5713 and Schedules A, B, and C (Form 5713) 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 5713, Specifically Attributable Taxes and Income (Section 999(c)(2)), and the attached Schedules A, B, and C (Form 5713). DATES: Written comments should be received on or before April 4, 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 E:\FR\FM\04FEN1.SGM 04FEN1 6564 Federal Register / Vol. 73, No. 23 / Monday, February 4, 2008 / Notices ebenthall on PRODPC61 with NOTICES 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: International Boycott Report. OMB Number: 1545–0216. Form Number: 5713, and Schedules A, B, and C (Form 5713). Abstract: Form 5713 and related Schedules A, B, and C are used by any entity that has operations in a ‘‘boycotting’’ country. If that entity cooperates with or participates in an international boycott, it may lose a portion of the following benefits: the foreign tax credit, deferral of income of a controlled foreign corporation, deferral of income of a domestic international sales corporation, or deferral of income of a foreign sales corporation. The IRS uses Form 5713 to determine if any of these benefits should be lost. The information is also used as the basis for a report to the Congress. 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, and individuals. Estimated Number of Respondents: 3,875. Estimated Time per Respondent: 26 hours, 54 minutes. Estimated Total Annual Burden Hours: 104,236. 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 VerDate Aug<31>2005 15:15 Feb 01, 2008 Jkt 214001 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: January 25, 2008. Glenn Kirkland, IRS Reports Clearance Officer. [FR Doc. E8–2022 Filed 2–1–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Open Meeting of the Area 3 Taxpayer Advocacy Panel (including the States of Florida, Georgia, Alabama, Mississippi, Louisiana, Arkansas, and the Territory of Puerto Rico) Internal Revenue Service (IRS), Treasury. ACTION: Correction to notice of meeting. AGENCY: PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 SUMMARY: An open meeting of the Area 3 Taxpayer Advocacy Panel will be conducted. The Taxpayer Advocacy Panel is soliciting public comment, ideas, and suggestions on improving customer service at the Internal Revenue Service. The meeting will be held Thursday, February 28, 2008, 1 to 5 p.m., Friday, February 29, 2008, 8 a.m. to 5 p.m., and Saturday, March 1, 2008, 8 a.m. to Noon Eastern Time. DATES: FOR FURTHER INFORMATION CONTACT: Sallie Chavez at 1–888–912–1227, or (954) 423–7979. Notice is hereby given pursuant to Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that a meeting of the Area 3 Taxpayer Advocacy Panel will be held Thursday, February 28, 2008, 1 to 5 p.m., Friday, February 29, 2008, 8 a.m. to 5 p.m., and Saturday, March 1, 2008, 8 a.m. to Noon Eastern Time, at the Holiday Inn— International Drive Resort, 6515 International Drive, Orlando, Florida. You can submit written comments to the panel by faxing the comments to (954) 423–7975, or by mail to Taxpayer Advocacy Panel, Room 340, 1000 South Pine Island Road, Plantation, FL 33324, or you can contact us at https:// www.improveirs.org. This meeting is not required to be open to the public, but because we are always interested in community input we will accept public comments. Please contact Sallie Chavez at 1–888–912–1227 or (954) 423–7979 for more information. The agenda will include the following: Various IRS issues. SUPPLEMENTARY INFORMATION: Dated: January 23, 2008. Richard Morris, Acting Director, Taxpayer Advocacy Panel. [FR Doc. E8–2014 Filed 2–1–08; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\04FEN1.SGM 04FEN1

Agencies

[Federal Register Volume 73, Number 23 (Monday, February 4, 2008)]
[Notices]
[Pages 6563-6564]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-2022]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 5713 and Schedules 
A, B, and C (Form 5713)

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 5713, Specifically Attributable Taxes and Income (Section 
999(c)(2)), and the attached Schedules A, B, and C (Form 5713).

DATES: Written comments should be received on or before April 4, 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

[[Page 6564]]

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: International Boycott Report.
    OMB Number: 1545-0216.
    Form Number: 5713, and Schedules A, B, and C (Form 5713).
    Abstract: Form 5713 and related Schedules A, B, and C are used by 
any entity that has operations in a ``boycotting'' country. If that 
entity cooperates with or participates in an international boycott, it 
may lose a portion of the following benefits: the foreign tax credit, 
deferral of income of a controlled foreign corporation, deferral of 
income of a domestic international sales corporation, or deferral of 
income of a foreign sales corporation. The IRS uses Form 5713 to 
determine if any of these benefits should be lost. The information is 
also used as the basis for a report to the Congress.
    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, and 
individuals.
    Estimated Number of Respondents: 3,875.
    Estimated Time per Respondent: 26 hours, 54 minutes.
    Estimated Total Annual Burden Hours: 104,236.
    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: January 25, 2008.
Glenn Kirkland,
IRS Reports Clearance Officer.
 [FR Doc. E8-2022 Filed 2-1-08; 8:45 am]
BILLING CODE 4830-01-P

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