Proposed Collection; Comment Request for Revenue Procedure 2000-12, 38872-38873 [2010-16253]
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38872
Federal Register / Vol. 75, No. 128 / Tuesday, July 6, 2010 / Notices
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: June 24, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010–16256 Filed 7–2–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–106177–97]
Proposed Collection; Comment
Request for Regulation Project
AGENCY: Internal Revenue Service (IRS),
Treasury.
wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1
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 proposed regulation, REG–
106177–97, Qualified State Tuition
Programs.
VerDate Mar<15>2010
14:52 Jul 02, 2010
Jkt 220001
DATES: Written comments should be
received on or before September 7, 2010
to be assured of consideration.
ADDRESSES: Direct all written comments
to Gerald Shields, 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 Elaine Christophe, (202)
622–3179, or at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Elaine.H.Christophe@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Qualified State Tuition
Programs.
OMB Number: 1545–1614.
Regulation Project Number: REG–
106177–97.
Abstract: This regulation affects
qualified tuition programs (QTPs)
described in Code section 529 and
individuals receiving distributions from
the programs. Information will be used
by the IRS and individuals receiving
QTP distributions to verify compliance
with section 529 and to determine the
taxable amount of a distribution.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of OMB
approval.
Affected Public: State, local or tribal
governments and individuals or
households.
Estimated Number of Respondents/
Recordkeepers: 52.
Estimated Time per Respondent/
Recordkeeper: 81,889 hrs, 37 minutes.
Estimated Total Annual Reporting/
Recordkeeping Burden Hours:
4,258,260.
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
PO 00000
Frm 00109
Fmt 4703
Sfmt 4703
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: June 24, 2010.
Gerald Shields,
IRS Tax Supervisory Analyst.
[FR Doc. 2010–16255 Filed 7–2–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 2000–
12
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 2000–12,
Application Procedures for Qualified
Intermediary Status Under Section
1441; Final Qualified Intermediary
Withholding Agreement.
DATES: Written comments should be
received on or before September 7, 2010
to be assured of consideration.
ADDRESSES: Direct all written comments
to Gerald Shields, 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 Elaine Christophe, (202)
622–3179, or at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Elaine.H.Christophe@irs.gov.
E:\FR\FM\06JYN1.SGM
06JYN1
Federal Register / Vol. 75, No. 128 / Tuesday, July 6, 2010 / Notices
wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1
SUPPLEMENTARY INFORMATION:
Title: Application Procedures for
Qualified Intermediary Status Under
Section 1441; Final Qualified
Intermediary Withholding Agreement.
OMB Number: 1545–1597.
Revenue Procedure Number: 2000–12
(Revenue Procedure 2000–12 is
modified by Announcement 2000–50,
Revenue Procedure 2003–64, Revenue
Procedure 2004–21, and Revenue
Procedure 2005–77.)
Abstract: This revenue procedure
gives guidance for entering into a
withholding agreement with the IRS to
be treated as a Qualified Intermediary
(QI) under regulation section 1.1441–
1(e)(5). It describes the application
procedures for becoming a QI and the
terms that the IRS will ordinarily
require in a QI withholding agreement.
The objective of a QI withholding
agreement is to simplify withholding
and reporting obligations with respect to
payments of income made to an account
holder through one or more foreign
intermediaries.
Current Actions: Revenue Procedure
2000–12 is modified by Announcement
2000–50, Revenue Procedure 2003–64,
Revenue Procedure 2004–21, and
Revenue Procedure 2005–77.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents/
Recordkeepers: 1,097,991.
Estimated Time for QI Account
Holder: 30 minutes.
Estimated Time for a QI: 2,093 hours.
Estimated Total Annual Reporting/
Recordkeeping Hours: 301,018.
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;
VerDate Mar<15>2010
14:52 Jul 02, 2010
Jkt 220001
(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: June 23, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010–16253 Filed 7–2–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL–939–86]
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,
INTL–939–86, Insurance Income of a
Controlled Foreign Corporation for
Taxable Years beginning After
December 31, 1986 (§ 1.953–2(e)(3)(iii),
1.953–4(b), 1.953–5(a), 1.953–6(a),
1.953–7(c)(8), and 1.6046–1).
DATES: Written comments should be
received on or before September 7, 2010
to be assured of consideration.
ADDRESSES: Direct all written comments
to Gerald Shields, 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 Elaine Christophe, (202)
622–3179, or at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Elaine.H.Christophe@irs.gov.
PO 00000
Frm 00110
Fmt 4703
Sfmt 4703
38873
SUPPLEMENTARY INFORMATION:
Title: Insurance Income of a
Controlled Foreign Corporation for
Taxable Years Beginning After
December 31, 1986.
OMB Number: 1545–1142.
Regulation Project Number: INTL–
939–86.
Abstract: This regulation relates to the
definition and computation of the
insurance income of a controlled foreign
corporation, and it also contains rules
applicable to certain captive insurance
companies. The information collection
is required by the IRS in order for
taxpayers to elect to locate risks with
respect to moveable property by
reference to the location of the property
in a prior period; to allocate investment
income to a particular category of
insurance income; to allocate
deductions to a particular category of
insurance income; to determine the
amount of those items, such as reserves,
which are computed with reference to
an insurance company’s annual
statement; to elect to have related
person insurance income treated as
income effectively connected with the
conduct of a United States trade or
business; and to collect the information
required by Code section 6046 relating
to controlled foreign corporations as
defined in Code section 953(c).
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/
Recordkeepers: 500.
Estimated Time per Respondent/
Recordkeeper: 28 hr., 12 min.
Estimated Total Annual Burden
Hours: 14,100.
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
E:\FR\FM\06JYN1.SGM
06JYN1
]]>Agencies
[Federal Register Volume 75, Number 128 (Tuesday, July 6, 2010)]
[Notices]
[Pages 38872-38873]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-16253]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure 2000-
12
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 2000-12, Application Procedures for Qualified
Intermediary Status Under Section 1441; Final Qualified Intermediary
Withholding Agreement.
DATES: Written comments should be received on or before September 7,
2010 to be assured of consideration.
ADDRESSES: Direct all written comments to Gerald Shields, 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 Elaine
Christophe, (202) 622-3179, or at Internal Revenue Service, Room 6129,
1111 Constitution Avenue, NW., Washington, DC 20224, or through the
Internet, at Elaine.H.Christophe@irs.gov.
[[Page 38873]]
SUPPLEMENTARY INFORMATION:
Title: Application Procedures for Qualified Intermediary Status
Under Section 1441; Final Qualified Intermediary Withholding Agreement.
OMB Number: 1545-1597.
Revenue Procedure Number: 2000-12 (Revenue Procedure 2000-12 is
modified by Announcement 2000-50, Revenue Procedure 2003-64, Revenue
Procedure 2004-21, and Revenue Procedure 2005-77.)
Abstract: This revenue procedure gives guidance for entering into a
withholding agreement with the IRS to be treated as a Qualified
Intermediary (QI) under regulation section 1.1441-1(e)(5). It describes
the application procedures for becoming a QI and the terms that the IRS
will ordinarily require in a QI withholding agreement. The objective of
a QI withholding agreement is to simplify withholding and reporting
obligations with respect to payments of income made to an account
holder through one or more foreign intermediaries.
Current Actions: Revenue Procedure 2000-12 is modified by
Announcement 2000-50, Revenue Procedure 2003-64, Revenue Procedure
2004-21, and Revenue Procedure 2005-77.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents/Recordkeepers: 1,097,991.
Estimated Time for QI Account Holder: 30 minutes.
Estimated Time for a QI: 2,093 hours.
Estimated Total Annual Reporting/Recordkeeping Hours: 301,018.
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: June 23, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010-16253 Filed 7-2-10; 8:45 am]
BILLING CODE 4830-01-P
