Proposed Collection; Comment Request for Regulation Project, 58713 [E8-23648]

Download as PDF Federal Register / Vol. 73, No. 195 / Tuesday, October 7, 2008 / Notices DEPARTMENT OF THE TREASURY DEPARTMENT OF THE TREASURY Fiscal Service Internal Revenue Service Surety Companies Acceptable on Federal Bonds: Brierfield Insurance Company [REG–129243–07] Financial Management Service, Fiscal Service, Department of the Treasury. AGENCY: Proposed Collection; Comment Request for Regulation Project AGENCY: ACTION: Notice. SUMMARY: This is Supplement No. 4 to the Treasury Department Circular 570, 2008 Revision, published July 1, 2008, at 73 FR 37644. FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874–6850. A Certificate of Authority as an acceptable surety on Federal bonds is hereby issued under 31 U.S.C. 9305 to the following company: Brierfield Insurance Company (NAIC # 10993). Business Address: 6300 University Parkway, Sarasota, FL 34240. Phone: (800) 226–3224. UNDERWRITING LIMITATION b/: $386,000. SURETY LICENSES c/: AL, AR, MS, TN. INCORPORATED IN: Mississippi. Federal bond-approving officers should annotate their reference copies of the Treasury Circular 570 (‘‘Circular’’), 2008 Revision, to reflect this addition. Certificates of Authority expire on June 30th each year, unless revoked prior to that date. The Certificates are subject to subsequent annual renewal as long as the companies remain qualified (see 31 CFR part 223). A list of qualified companies is published annually as of July 1 in the Circular, which outlines details as to the underwriting limitations, areas in which companies are licensed to transact surety business, and other information. The Circular may be viewed and downloaded through the Internet at https://www.fms.treas.gov/c570. Questions concerning this Notice may be directed to the U.S. Department of the Treasury, Financial Management Service, Financial Accounting and Services Division, Surety Bond Branch, 3700 East-West Highway, Room 6F01, Hyattsville, MD 20782. mstockstill on PROD1PC66 with NOTICES SUPPLEMENTARY INFORMATION: Dated: September 29, 2008. Vivian L. Cooper, Director, Financial Accounting and Services Division. [FR Doc. E8–23593 Filed 10–6–08; 8:45 am] BILLING CODE 4810–35–M VerDate Aug<31>2005 18:23 Oct 06, 2008 Jkt 217001 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 NPRM regulation, 129243–07, Tax Return Preparer Penalties under Sections 6694 & 6695. DATES: Written comments should be received on or before December 8, 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 this 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: Tax Return Preparer Penalties under Sections 6694 & 6695 (NPRM). OMB Number: 1545–1231. Regulation Project Number: REG– 129243–07 (NPRM). Abstract: This proposed regulation would implement the amendments to tax return preparer penalties under sections 6060, 6107, and 6694 of the Internal Revenue Code enacted by section 8246 of the Small Business and Work Opportunity Tax Act of 2007. This information is necessary to require recording of the name, taxpayer identification number, and principal place of work of each employed tax return preparer consistent with Code section 6060, require each return or claim for refund prepared available for inspection by the Commissioner of Internal Revenue or his delegate consistent with Code section 6107, and to document that the tax return preparer advised the taxpayer of the penalty PO 00000 Frm 00185 Fmt 4703 Sfmt 4703 58713 standards applicable to the taxpayer in order for the tax return preparer to avoid penalties under Code section 6694. Current Actions: The final regulation IA–38–90 (T.D. 8382) Penalty on Income Tax Return Preparers Who Understate Taxpayer’s Liability on a Federal Income Tax Return or a Claim for Refund was superseded by Regulation 129243–07 Tax Return Preparer Penalties Under Sections 6694 & 6695 (NPRM). Type of Review: Revision of a currently approved collection. Affected Public: Business or other forprofit organizations, and individuals or households. Estimated Number of Respondents: 684,268. Estimated Time per Respondent: 15 hours, 36 min. Estimated Total Annual Burden Hours: 10,679,320 hours. 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: September 29, 2008. Glenn P. Kirkland, IRS Reports Clearance Officer. [FR Doc. E8–23648 Filed 10–6–08; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\07OCN1.SGM 07OCN1

Agencies

[Federal Register Volume 73, Number 195 (Tuesday, October 7, 2008)]
[Notices]
[Page 58713]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-23648]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-129243-07]


Proposed Collection; Comment Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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 NPRM regulation, 129243-07, Tax Return Preparer Penalties 
under Sections 6694 & 6695.

DATES: Written comments should be received on or before December 8, 
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 this 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: Tax Return Preparer Penalties under Sections 6694 & 6695 
(NPRM).
    OMB Number: 1545-1231.
    Regulation Project Number: REG-129243-07 (NPRM).
    Abstract: This proposed regulation would implement the amendments 
to tax return preparer penalties under sections 6060, 6107, and 6694 of 
the Internal Revenue Code enacted by section 8246 of the Small Business 
and Work Opportunity Tax Act of 2007. This information is necessary to 
require recording of the name, taxpayer identification number, and 
principal place of work of each employed tax return preparer consistent 
with Code section 6060, require each return or claim for refund 
prepared available for inspection by the Commissioner of Internal 
Revenue or his delegate consistent with Code section 6107, and to 
document that the tax return preparer advised the taxpayer of the 
penalty standards applicable to the taxpayer in order for the tax 
return preparer to avoid penalties under Code section 6694.
    Current Actions: The final regulation IA-38-90 (T.D. 8382) Penalty 
on Income Tax Return Preparers Who Understate Taxpayer's Liability on a 
Federal Income Tax Return or a Claim for Refund was superseded by 
Regulation 129243-07 Tax Return Preparer Penalties Under Sections 6694 
& 6695 (NPRM).
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
individuals or households.
    Estimated Number of Respondents: 684,268.
    Estimated Time per Respondent: 15 hours, 36 min.
    Estimated Total Annual Burden Hours: 10,679,320 hours.
    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: September 29, 2008.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
 [FR Doc. E8-23648 Filed 10-6-08; 8:45 am]
BILLING CODE 4830-01-P
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