Proposed Collection; Comment Request for Form 5309, 22015-22016 [E8-8856]

Download as PDF 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 22016 Federal Register / Vol. 73, No. 79 / Wednesday, April 23, 2008 / Notices maintenance, and purchase of services to provide information. Approved: March 26, 2008. Glenn Kirkland, IRS Reports Clearance Officer. [FR Doc. E8–8856 Filed 4–22–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Publication 3319 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: mstockstill on PROD1PC66 with NOTICES 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 Publication 3319, Low-Income Taxpayer Clinics—2002 Grant Application Package and Guidelines. 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. VerDate Aug<31>2005 16:58 Apr 22, 2008 Jkt 214001 FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of publication should be directed to Carolyn N. Brown, at (202) 622–6688, or at 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: Low-Income Taxpayer Clinics— 2005 Grant Application Package and Guidelines. OMB Number: 1545–1648. Publication Number: Publication 3319. Abstract: Publication 3319 outlines requirements of the IRS Low-Income Taxpayer Clinics (LITC) program and provides instructions on how to apply for a LITC grant award. The IRS will review the information provided by applicants to determine whether to award grants for the Low-Income Taxpayer Clinics. Current Actions: There are no changes being made to the publication at this time. Type of Review: Extension of a currently approved collection. Affected Public: Not for-profit institutions. Estimated Number of Respondents: 825. Estimated Time For Program Sponsors: 60 hours. Estimated Time For Student and Program Participants: 2 hours. Estimated Total Annual Burden Hours: 6,000. The following paragraph applies to all of the collections of information covered by this notice: PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 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 11, 2008. Allan M. Hopkins, IRS Reports Clearance Officer. [FR Doc. E8–8857 Filed 4–22–08; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\23APN1.SGM 23APN1

Agencies

[Federal Register Volume 73, Number 79 (Wednesday, April 23, 2008)]
[Notices]
[Pages 22015-22016]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-8856]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 5309

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 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 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 for-profit 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,

[[Page 22016]]

maintenance, and purchase of services to provide information.

    Approved: March 26, 2008.
Glenn Kirkland,
IRS Reports Clearance Officer.
 [FR Doc. E8-8856 Filed 4-22-08; 8:45 am]
BILLING CODE 4830-01-P

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