Proposed Collection; Comment Request for Regulation Project, 19588-19589 [E8-7530]
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19588
Federal Register / Vol. 73, No. 70 / Thursday, April 10, 2008 / Notices
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: March 19, 2008.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E8–7526 Filed 4–9–08; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–119436–01]
Proposed Collection; Comment
Request for Regulation Project
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,
VerDate Aug<31>2005
16:48 Apr 09, 2008
Jkt 214001
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning an
existing final regulation, REG–119436–
01 (TD 9171), New Markets Tax Credits.
DATES: Written comments should be
received on or before June 9, 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 regulation should be
directed to Carolyn N. Brown, (202)
622–6688, Internal Revenue Service,
room 6129, 1111 Constitution Avenue,
NW., Washington, DC 20224, or through
the Internet at Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: New Markets Tax Credits.
OMB Number: 1545–1765.
Regulation Project Number: REG–
119436–01 (Final).
Abstract: These regulations finalize
the rules relating to the new markets tax
credit under section 45D and replace the
temporary regulations which expired on
December 23, 2004. A taxpayer making
a qualified equity investment in a
qualified community development
entity that has received a new markets
tax credit allocation may claim a 5percent tax credit with respect to the
qualified equity investment on each of
the first 3 credit allowance dates and a
6-percent tax credit with respect to the
qualified equity investment on each of
the remaining 4 credit allowance dates.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
816.
Estimated Time per Respondents: 15
minutes.
Estimated Total Annual Burden
Hours: 210.
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
PO 00000
Frm 00135
Fmt 4703
Sfmt 4703
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: March 19, 2008.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E8–7529 Filed 4–9–08; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–164754–01 (NPRM)]
Proposed Collection; Comment
Request for Regulation Project
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 an
existing final regulation, REG–164754–
01, Split-Dollar Life Insurance
Arrangements.
DATES: Written comments should be
received on or before June 9, 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 regulations should be directed
to Carolyn N. Brown, (202) 622–6688,
E:\FR\FM\10APN1.SGM
10APN1
mstockstill on PROD1PC66 with NOTICES
Federal Register / Vol. 73, No. 70 / Thursday, April 10, 2008 / Notices
Internal Revenue Service, room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
Internet at Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Split-Dollar Life Insurance
Arrangements.
OMB Number: 1545–1792.
Regulation Project Number: REG–
164754–01 (Final).
Abstract: The regulations relate to the
income, employment, and gift taxation
of split-dollar life insurance
arrangements. The final regulations
provide needed guidance to persons
who enter into split-dollar life insurance
arrangements.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Not-for-profit
institutions.
Estimated Number of Respondents:
115,000.
Estimated Time per Respondent: 17
minutes.
Estimated Total Annual Burden
Hours: 32,500.
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
16:48 Apr 09, 2008
Jkt 214001
Approved: March 19, 2008.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E8–7530 Filed 4–9–08; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Notice 102132–05
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 Notice
102132–05, Domestic Reinvestment
Plans and Other Guidance under
Section 965.
DATES: Written comments should be
received on or before June 9, 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 Carolyn N. Brown at Internal
Revenue Service, room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or at (202) 622–6688, or
through the Internet at
(Carolyn.N.Brown@irs.gov).
SUPPLEMENTARY INFORMATION:
Title: Domestic Reinvestment and
Other Guidance under Section 965.
OMB Number: 1545–1926.
Regulation Project Number: 102132–
05.
Abstract: This document provides
guidance under new section 965
enacted by the American Jobs Creation
Act of 2004 (Pub. L. 108–357). In
general, and subject to limitations and
conditions, section 965(a) provides that
a corporation that is a U.S. shareholder
of a controlled foreign corporation (CFC)
may elect, for one taxable year, an 85
percent dividends received deduction
(DRD) with respect to certain cash
dividends it receives from its CFCs.
PO 00000
Frm 00136
Fmt 4703
Sfmt 4703
19589
Section 965(f) provides that taxpayers
may elect the application of section 965
for either the taxpayer’s last taxable year
which began before October 22, 2004, or
the taxpayer’s first taxable year which
began during the one-year period
beginning on October 22, 2004. In
general, a taxpayer elects to apply
section 965 to a taxable year by filing
Form 8895 with its timely-filed tax
return (including extensions) for such
taxable year. If however, a taxpayer files
its tax return for the taxable year to
which the taxpayer intends to elect
section 965 to apply prior to the
issuance of Form 8895, the election
must be made on a statement that is
attached to its timely-filed tax return
(including extensions) for such taxable
year. In addition, because the taxpayer
must establish to the satisfaction of the
Commissioner that it has satisfied the
conditions to take the DRD, the taxpayer
is required under this guidance to report
specified information and provides
specified documentation.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
25,000.
Estimated Time per Respondent: 150
hours.
Estimated Total Annual Burden
Hours: 3,750,000.
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
E:\FR\FM\10APN1.SGM
10APN1
]]>Agencies
[Federal Register Volume 73, Number 70 (Thursday, April 10, 2008)]
[Notices]
[Pages 19588-19589]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-7530]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-164754-01 (NPRM)]
Proposed Collection; Comment Request for Regulation Project
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 an
existing final regulation, REG-164754-01, Split-Dollar Life Insurance
Arrangements.
DATES: Written comments should be received on or before June 9, 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 regulations should be directed to Carolyn N. Brown, (202)
622-6688,
[[Page 19589]]
Internal Revenue Service, room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the Internet at
Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Split-Dollar Life Insurance Arrangements.
OMB Number: 1545-1792.
Regulation Project Number: REG-164754-01 (Final).
Abstract: The regulations relate to the income, employment, and
gift taxation of split-dollar life insurance arrangements. The final
regulations provide needed guidance to persons who enter into split-
dollar life insurance arrangements.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Not-for-profit institutions.
Estimated Number of Respondents: 115,000.
Estimated Time per Respondent: 17 minutes.
Estimated Total Annual Burden Hours: 32,500.
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: March 19, 2008.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E8-7530 Filed 4-9-08; 8:45 am]
BILLING CODE 4830-01-P
