Proposed Collection; Comment Request for Regulation Project, 46361-46362 [E8-18221]

Download as PDF Federal Register / Vol. 73, No. 154 / Friday, August 8, 2008 / Notices 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 existing proposed and final regulations, REG– 116641–01, (TD 9136 (final)) and REG– 163195–05 (NPRM), Information Reporting and Backup Withholding for Payment Card Transactions. DATES: Written comments should be received on or before October 7, 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 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. pwalker on PROD1PC71 with NOTICES SUPPLEMENTARY INFORMATION: Title: Information Reporting and Backup Withholding for Payment Card Transactions. OMB Number: 1545–1819. Regulation Project Number: TD 9136. Abstract: This document contains proposed and final regulations relating to the information reporting requirements, information reporting penalties, and backup withholding requirements for payment card transactions. This document also contains final regulations relating to the IRS TIN Matching Program. Current Actions: As a result of the additional collection activities from the proposed regulations (REG–163195–05 (NPRM)), we are reporting a total burden increase of 25,489,570 hours. Type of Review: Revision of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Total Annual Reporting Burden: 37,239,570 hours. Estimated Average Annual Burden per Respondent: 1 hour 55 minutes. Estimated Number of Respondents: 31,254,000. 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. VerDate Aug<31>2005 17:25 Aug 07, 2008 Jkt 214001 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: August 4, 2008. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E8–18219 Filed 8–7–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service [REG–121063–97; TD 8972 (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 final regulation, REG–121063– 97 (TD 8972), Averaging of Farm Income (§ 1.1301–1). PO 00000 Frm 00127 Fmt 4703 Sfmt 4703 46361 Written comments should be received on or before October 7, 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: SUPPLEMENTARY INFORMATION: Title: Averaging of Farm Income. OMB Number: 1545–1662. Form Number: REG–121063–97; TD 8972(Final). Abstract: Section 1301 of the Internal Revenue Code allows an individual engaged in a farming business to elect to reduce his or her regular tax liability by treating all or a portion of the current year’s farming income as if it had been earned in equal proportions over the prior three years. To take advantage of income averaging, § 1301 requires that the taxpayer calculate the § 1 tax using the three prior years’ tax tables and, if applicable, Schedule D, Capital Gains and Losses, (to apply the maximum capital gains tax rates), as well as the current year’s tax tables or tax rate schedules. The regulation requires the taxpayer to use Schedule J of Form 1040 to record and total the amount of tax for each year of the four year calculation. Current Actions: There are no changes to this existing regulation. Type of Review: Extension of a currently approved collection. The burden for this requirement is reflected in the burden estimate for Schedule J of Form 1040. 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: E:\FR\FM\08AUN1.SGM 08AUN1 46362 Federal Register / Vol. 73, No. 154 / Friday, August 8, 2008 / Notices (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: August 4, 2008. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E8–18221 Filed 8–7–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service [REG–146895–05; TD 9412] Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. pwalker on PROD1PC71 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 the existing proposed and temporary regulations, REG–146895–05 (TD 9412), Election To Expense Certain Refineries. DATES: Written comments should be received on or before October 7, 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 VerDate Aug<31>2005 17:25 Aug 07, 2008 Jkt 214001 or start-up costs and costs of operation, maintenance, and purchase of services to provide information. through the Internet at RJoseph.Durbala@irs.gov. SUPPLEMENTARY INFORMATION: Title: Election To Expense Certain Refineries. OMB Number: 1545–2103. Regulation Project Number: REG– 146895–05 (TD 9412). Abstract: This document contains temporary regulations relating to the election to expense qualified refinery property under section 179C of the Internal Revenue Code, and affects taxpayers who own refineries located in the United States. These temporary regulations reflect changes to the law made by the Energy Policy Act of 2005. The text of these temporary regulations also serves as the text of the proposed Regulations. 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: 12. Estimated Time per Respondent: 10 Hours. Estimated Total Annual Burden Hours: 120. 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 PO 00000 Frm 00128 Fmt 4703 Sfmt 4703 Approved: August 4, 2008. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E8–18223 Filed 8–7–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 13013, 13013–A, 13013–B, and 13013–C 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 the Form 13013, Citizen Advocacy Panel Membership Application—New York, 13013–A, Citizen Advocacy Panel Membership Application—Midwest, 13013–B, Citizen Advocacy Panel Membership Application—South Florida, and 13013–C, Citizen Advocacy Panel Membership Application—Pacific Northwest. DATES: Written comments should be received on or before October 7, 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 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: Taxpayer Advocacy Panel (TAP) Membership Application. OMB Number: 1545–1788. Form Number: 13013, 13013–A, 13013–B, 13013–C. Abstract: These forms are used as an application to volunteer to serve on the Taxpayer Advocacy Panel (TAP), as an E:\FR\FM\08AUN1.SGM 08AUN1

Agencies

[Federal Register Volume 73, Number 154 (Friday, August 8, 2008)]
[Notices]
[Pages 46361-46362]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-18221]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-121063-97; TD 8972 (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 final regulation, REG-121063-97 (TD 8972), Averaging of Farm 
Income (Sec.  1.1301-1).

DATES: Written comments should be received on or before October 7, 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.

SUPPLEMENTARY INFORMATION:
    Title: Averaging of Farm Income.
    OMB Number: 1545-1662.
    Form Number: REG-121063-97; TD 8972(Final).
    Abstract: Section 1301 of the Internal Revenue Code allows an 
individual engaged in a farming business to elect to reduce his or her 
regular tax liability by treating all or a portion of the current 
year's farming income as if it had been earned in equal proportions 
over the prior three years. To take advantage of income averaging, 
Sec.  1301 requires that the taxpayer calculate the Sec.  1 tax using 
the three prior years' tax tables and, if applicable, Schedule D, 
Capital Gains and Losses, (to apply the maximum capital gains tax 
rates), as well as the current year's tax tables or tax rate schedules. 
The regulation requires the taxpayer to use Schedule J of Form 1040 to 
record and total the amount of tax for each year of the four year 
calculation.
    Current Actions: There are no changes to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    The burden for this requirement is reflected in the burden estimate 
for Schedule J of Form 1040.
    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:

[[Page 46362]]

(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: August 4, 2008.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E8-18221 Filed 8-7-08; 8:45 am]
BILLING CODE 4830-01-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.