Proposed Collection; Comment Request for Revenue Procedure 2001-20, 21147 [2010-9220]
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Federal Register / Vol. 75, No. 77 / Thursday, April 22, 2010 / Notices
agencies; role of private vs. public
capital; role of any explicit government
guarantees; role of direct subsidies and
other fiscal support and mechanisms to
convey such support; monitoring and
management of risks including how to
balance the retention and distribution of
risk; incentives to encourage
appropriate alignment of risk bearing in
the private sector; mechanisms for
dealing with episodes of market stress;
and how to promote market discipline.
3. Should the government approach
differ across different segments of the
market, and if so, how? Commentary
could address: Differentiation of
approach based on mortgage size or
other characteristics; rationale for
integration or separation of functions
related to the single-family and multifamily market; whether there should be
an emphasis on supporting the
production of subsidized multifamily
housing; differentiation in mechanism
to convey subsidies, if any.
4. How should the current
organization of the housing finance
system be improved? Commentary
could address: What aspects should be
preserved, changed, eliminated or
added; regulatory considerations;
optimal general organizational design
and market structure; capital market
functions; sources of funding; mortgage
origination, distribution and servicing;
the role of the existing governmentsponsored enterprises; and the
challenges of transitioning from the
current system to a desired future
system.
5. How should the housing finance
system support sound market practices?
Commentary could address:
Underwriting standards; how best to
balance risk and access; and extent to
which housing finance systems that
reference certain standards and
mortgage products contribute to this
objective.
6. What is the best way for the
housing finance system to help ensure
consumers are protected from unfair,
abusive or deceptive practices?
Commentary could address: Level of
consumer protections and limitation;
supervising agencies; specific
restrictions; and role of consumer
education.
7. Do housing finance systems in
other countries offer insights that can
help inform U.S. reform choices?
VerDate Nov<24>2008
18:25 Apr 21, 2010
Jkt 220001
Dated: April 16, 2010.
Alastair Fitzpayne,
Acting Executive Secretary, Department of
the Treasury.
James Parrott,
Counselor to the Secretary, Department of
Housing and Urban Development.
[FR Doc. 2010–9309 Filed 4–21–10; 8:45 am]
BILLING CODE 4810–25–P; 4210–67–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 2001–
20
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
Revenue Procedure 2001–20, Voluntary
Compliance on Alien Withholding
Program (‘‘VCAP’’).
DATES: Written comments should be
received on or before June 21, 2010 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Steve Bronson, Internal Revenue
Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the revenue procedure 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: Voluntary Compliance on Alien
Withholding Program (‘‘VCAP’’).
OMB Number: 1545–1735.
Revenue Procedure Number: Revenue
Procedure 2001–20.
Abstract: The revenue procedure will
improve voluntary compliance of
colleges and universities in connection
with their obligations to report,
withhold and pay taxes due on
compensation paid to foreign students
and scholars (nonresident aliens). The
PO 00000
Frm 00171
Fmt 4703
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21147
revenue procedure provides an optional
opportunity for colleges and universities
which have not fully complied with
their tax obligations concerning
nonresident aliens to self-audit and
come into compliance with applicable
reporting and payment requirements.
Current Actions: There are no changes
being made to the revenue procedure at
this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Not-for-profit
institutions, and state, local or tribal
governments.
Estimated Number of Respondents:
495.
Estimated Time per Respondent: 700
hours.
Estimated Total Annual Burden
Hours: 346,500.
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: April 13, 2010.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2010–9220 Filed 4–21–10; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\22APN1.SGM
22APN1
]]>Agencies
[Federal Register Volume 75, Number 77 (Thursday, April 22, 2010)]
[Notices]
[Page 21147]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-9220]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure 2001-
20
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
Revenue Procedure 2001-20, Voluntary Compliance on Alien Withholding
Program (``VCAP'').
DATES: Written comments should be received on or before June 21, 2010
to be assured of consideration.
ADDRESSES: Direct all written comments to Steve Bronson, Internal
Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the revenue procedure 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: Voluntary Compliance on Alien Withholding Program
(``VCAP'').
OMB Number: 1545-1735.
Revenue Procedure Number: Revenue Procedure 2001-20.
Abstract: The revenue procedure will improve voluntary compliance
of colleges and universities in connection with their obligations to
report, withhold and pay taxes due on compensation paid to foreign
students and scholars (nonresident aliens). The revenue procedure
provides an optional opportunity for colleges and universities which
have not fully complied with their tax obligations concerning
nonresident aliens to self-audit and come into compliance with
applicable reporting and payment requirements.
Current Actions: There are no changes being made to the revenue
procedure at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Not-for-profit institutions, and state, local or
tribal governments.
Estimated Number of Respondents: 495.
Estimated Time per Respondent: 700 hours.
Estimated Total Annual Burden Hours: 346,500.
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: April 13, 2010.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2010-9220 Filed 4-21-10; 8:45 am]
BILLING CODE 4830-01-P
