Proposed Collection; Comment Request for Regulation Project, 22014-22015 [E8-8854]
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22014
Federal Register / Vol. 73, No. 79 / Wednesday, April 23, 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: April 14, 2008.
Allan Hopkins,
IRS Reports Clearance Officer.
[FR Doc. E8–8843 Filed 4–22–08; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[FI–28–96]
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
VerDate Aug<31>2005
16:58 Apr 22, 2008
Jkt 214001
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, FI–28–96 (TD
8801), Arbitrage Restrictions on TaxExempt Bonds (§ 1.148–5).
DATES: Written comments should be
received on or before June 23, 2008 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. Kirkland, Internal Revenue
Service, room 6129, 1111 Constitution
Ave., 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 Ave.,
NW., Washington, DC 20224, or through
the Internet at Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Arbitrage Restrictions on taxExempt Bonds.
OMB Number: 1545–1490.
Regulation Project Number: FI–28–96.
Abstract: This regulation provides
guidance concerning the arbitrage
restrictions applicable to tax-exempt
bonds issued by state and local
governments and contains rules
regarding the use of proceeds of state
and local bonds to acquire higher
yielding investments. The regulation
provides safe harbors for establishing
the fair market value of all investments
purchased for yield restricted
defeasance escrows. Further, the
regulation requires that issuers must
retain certain records and information
with the bond documents. The
recordkeeping requirements are
necessary for the IRS to determine that
an issuer of tax-exempt bonds has not
paid more than fair market value for
nonpurpose investments under section
148 of the Internal Revenue Code.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: State, local, or tribal
governments, and not-for-profit
institutions.
Estimated Number of Respondents:
1,400.
Estimated Time per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 1,425.
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
PO 00000
Frm 00115
Fmt 4703
Sfmt 4703
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: April 11, 2008.
Allan M. Hopkins,
IRS, Reports Clearance Officer.
[FR Doc. E8–8846 Filed 4–22–08; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–107644–98 (Final)]
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 notice of proposed rulemaking,
REG–107644–98 (Final), Dollar-Value
LIFO Regulations; Inventory Price Index
Computation Method.
E:\FR\FM\23APN1.SGM
23APN1
Federal Register / Vol. 73, No. 79 / Wednesday, April 23, 2008 / Notices
Written comments should be
received on or before June 23, 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 copies of regulation should
be directed to Allan Hopkins, at the
Internal Revenue Service, room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, by phone at
(202) 622–6665, or on the Internet at
Allan.M.Hopkins@irs.gov.
DATES:
mstockstill on PROD1PC66 with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Dollar-Value LIFO Regulations;
Inventory Price Index Computation
Method.
OMB Number: 1545–1767.
Regulation Project Number: REG–
107644–98 (Final).
Abstract: Section 1.472–2 of the
Income Tax Regulations requires a
taxpayer to file an application to use the
LIFO inventory method. Section 1.472–
3(a) requires an electing taxpayer to
attach a statement with its federal
income tax return for the year of
election. This statement generally must
be made on Form 970, Application To
Use LIFO Inventory Method. Section
1.472–8(e)(5) of the existing regulations
and section 1.472–8(e)(iv)(A) of the final
regulations provide that a taxpayer may
use the IPIC method only if its election
appears on Form 970. In addition,
§ 1.472–8(e)(iii)(B)(3) of the final
regulations requires a taxpayer that
elects to use a representative
appropriate month to indicate its
election on Form 970.
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.
Estimated Number of Respondents: 1.
Estimated Time Per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 1.
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.
VerDate Aug<31>2005
16:58 Apr 22, 2008
Jkt 214001
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: April 8, 2008.
Allan Hopkins,
IRS Reports Clearance Officer.
[FR Doc. E8–8854 Filed 4–22–08; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 5309
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
5309, Application for Determination of
Employee Stock Ownership Plan.
DATES: Written comments should be
received on or before June 23, 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
PO 00000
Frm 00116
Fmt 4703
Sfmt 4703
22015
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: Application for Determination
of Employee Stock Ownership Plan.
OMB Number: 1545–0284.
Form Number: 5309.
Abstract: Internal Revenue Code
section 404(a) allows employers an
income tax deduction for contributions
to their qualified deferred compensation
plans. Form 5309 is used to request an
IRS determination letter about whether
the plan is qualified under Code section
409 or 4975(e)(7).
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:
462.
Estimated Time per Respondent: 11
hrs, 28 minutes.
Estimated Total Annual Burden
Hours: 5300.
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,
E:\FR\FM\23APN1.SGM
23APN1
]]>Agencies
[Federal Register Volume 73, Number 79 (Wednesday, April 23, 2008)]
[Notices]
[Pages 22014-22015]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-8854]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-107644-98 (Final)]
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 notice of proposed rulemaking, REG-107644-98 (Final), Dollar-
Value LIFO Regulations; Inventory Price Index Computation Method.
[[Page 22015]]
DATES: Written comments should be received on or before June 23, 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 copies of regulation
should be directed to Allan Hopkins, at the Internal Revenue Service,
room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, by
phone at (202) 622-6665, or on the Internet at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Dollar-Value LIFO Regulations; Inventory Price Index
Computation Method.
OMB Number: 1545-1767.
Regulation Project Number: REG-107644-98 (Final).
Abstract: Section 1.472-2 of the Income Tax Regulations requires a
taxpayer to file an application to use the LIFO inventory method.
Section 1.472-3(a) requires an electing taxpayer to attach a statement
with its federal income tax return for the year of election. This
statement generally must be made on Form 970, Application To Use LIFO
Inventory Method. Section 1.472-8(e)(5) of the existing regulations and
section 1.472-8(e)(iv)(A) of the final regulations provide that a
taxpayer may use the IPIC method only if its election appears on Form
970. In addition, Sec. 1.472-8(e)(iii)(B)(3) of the final regulations
requires a taxpayer that elects to use a representative appropriate
month to indicate its election on Form 970.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit.
Estimated Number of Respondents: 1.
Estimated Time Per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 1.
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: April 8, 2008.
Allan Hopkins,
IRS Reports Clearance Officer.
[FR Doc. E8-8854 Filed 4-22-08; 8:45 am]
BILLING CODE 4830-01-P
