Proposed Collection; Comment Request for Form 1065, Schedule C, Schedule D, Schedule K-1, Schedule L, Schedule M-1, Schedule M-2, and Schedule M-3, 42831-42832 [2010-17873]
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sroberts on DSKD5P82C1PROD with NOTICES
Federal Register / Vol. 75, No. 140 / Thursday, July 22, 2010 / Notices
income tax credit of 50% of the amount
of eligible access expenditures for any
tax year that exceed $250 but do not
exceed $10,250. Form 8826 figures the
credit and the tax liability limit.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations, farms and
individuals.
Estimated Number of Respondents:
17,422.
Estimated Time per Respondent: 5
hrs., 6 minutes.
Estimated Total Annual Burden
Hours: 89,027.
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: July 15, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010–17872 Filed 7–21–10; 8:45 am]
BILLING CODE 4830–01–P
VerDate Mar<15>2010
18:46 Jul 21, 2010
Jkt 220001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1065, Schedule C,
Schedule D, Schedule K–1, Schedule
L, Schedule M–1, Schedule M–2, and
Schedule M–3
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
1065 (U.S. Return of Partnership
Income), Schedule D (Capital Gains and
Losses), Schedule K–1 (Partner’s Share
of Income, Credits, Deductions and
Other Items), Schedule L (Balance
Sheets per Books), Schedule M–1
(Reconciliation of Income (Loss) per
Books With Income (Loss) per Return)),
Schedule M–2 (Analysis of Partners’
Capital Accounts), and Schedule M–3
(Net Income (Loss) Reconciliation for
Certain Partnerships)).
DATES: Written comments should be
received on or before September 20,
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 form(s) and instructions
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.
SUMMARY:
SUPPLEMENTARY INFORMATION:
Title: U.S. Return of Partnership
Income (Form 1065), Capital Gains and
Losses (Schedule D), Partner’s Share of
Income, Credits, Deductions, etc.
(Schedule K–1), Balance Sheets per
Books (Schedule L), Reconciliation of
Income (Loss) per Books With Income
(Loss) per Return (Schedule M–1),
Analysis of Partners’ Capital Accounts
(Schedule M–2), and Net Income (Loss)
Reconciliation for Certain Partnerships
(Schedule M–3).
PO 00000
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Fmt 4703
Sfmt 4703
42831
OMB Number: 1545–0099.
Form Number: 1065, Schedule D,
Schedule K–1, Schedule L, Schedule
M–1, Schedule M–2, and Schedule M–
3.
Abstract: Internal Revenue Code
section 6031 requires partnerships to
file returns that show gross income
items, allowable deductions, partners’
names, addresses, and distribution
shares, and other information. This
information is used by the IRS to verify
correct reporting of partnership items
and for general statistics. The
information is used by partners to
determine the income, loss, credits, etc.,
to report on their tax returns.
Current Actions: Major changes were
made to the form, instructions, and
some of the schedules to better serve the
taxpayers. These changes resulted in a
decrease in burden hours.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations, farms, and
individuals or households.
Estimated Number of Respondents:
2,376,800.
Estimated Time per Respondent:
Varies.
Estimated Total Annual Burden
Hours: 707,661,044.
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;
E:\FR\FM\22JYN1.SGM
22JYN1
42832
Federal Register / Vol. 75, No. 140 / Thursday, July 22, 2010 / Notices
and (e) estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: July 15, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010–17873 Filed 7–21–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Announcement 2004–46
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
Announcement 2004–4, Son of Boss
Settlement Initiative.
DATES: Written comments should be
received on or before September 20,
2010 to be assured 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 announcement should be
directed to Elaine Christophe at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington,
DC 20224, or at (202) 622–3179, or
through the Internet at
Elaine.H.Christophe@irs.gov.
sroberts on DSKD5P82C1PROD with NOTICES
SUMMARY:
SUPPLEMENTARY INFORMATION: Title: Son
of Boss Settlement Initiative.
OMB Number: 1545–1885.
Announcement Number:
Announcement 2004–46.
Abstract: Announcement 2004–46
offers settlement to certain taxpayers
that participated in the transaction for
efficient tax administration reasons and
to avoid prolonged litigation
Current Actions: There are no changes
being made to the announcement at this
time.
Type of Review: Extension of a
currently approved collection.
VerDate Mar<15>2010
18:46 Jul 21, 2010
Jkt 220001
Affected Public: Business or other forprofit organizations, and individuals.
Estimated Number of Respondents:
50.
Estimated Time per Respondent: 5
hours.
Estimated Total Annual Burden
Hours: 250.
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: July 15, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010–17875 Filed 7–21–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[PS–100–88]
Proposed Collection: Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
SUMMARY:
PO 00000
Frm 00155
Fmt 4703
Sfmt 4703
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, PS–100–88 (TD
8540), Valuation Tables (§§ 1.7520–1
through 1.7520–4, 20.7520–1 through
20.7520–4, and 25.7520–1 through
25.7520–4).
DATES: Written comments should be
received on or before September 20,
2010 to be assured of consideration.
ADDRESSES: Direct all written comments
to Gerald Shields, Room 6129, 1111
Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation 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: Valuation Tables.
OMB Number: 1545–1343.
Regulation Project Number: PS–100–
88 (TD 8540).
Abstract: Internal Revenue Code
section 7520 provides rules for
determining the valuation of an annuity,
an interest for life or a term of years, or
a remainder or reversionary interest.
Code section 7530(a) allows a
respondent to make an election to value
an interest that qualifies, in whole or in
part, for a charitable deduction, by use
of a different interest rate component
that is more favorable to the respondent.
This regulation requires individuals or
fiduciaries making the election to file a
statement with their estate or gift tax
return.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of OMB
approval.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
6,000.
Estimated Time per Respondent: 45
minutes.
Estimated Total Annual Hours: 4,500.
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
E:\FR\FM\22JYN1.SGM
22JYN1
]]>Agencies
[Federal Register Volume 75, Number 140 (Thursday, July 22, 2010)]
[Notices]
[Pages 42831-42832]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-17873]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1065, Schedule C,
Schedule D, Schedule K-1, Schedule L, Schedule M-1, Schedule M-2, and
Schedule M-3
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 1065 (U.S. Return of Partnership Income), Schedule D (Capital
Gains and Losses), Schedule K-1 (Partner's Share of Income, Credits,
Deductions and Other Items), Schedule L (Balance Sheets per Books),
Schedule M-1 (Reconciliation of Income (Loss) per Books With Income
(Loss) per Return)), Schedule M-2 (Analysis of Partners' Capital
Accounts), and Schedule M-3 (Net Income (Loss) Reconciliation for
Certain Partnerships)).
DATES: Written comments should be received on or before September 20,
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 form(s) and instructions 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: U.S. Return of Partnership Income (Form 1065), Capital Gains
and Losses (Schedule D), Partner's Share of Income, Credits,
Deductions, etc. (Schedule K-1), Balance Sheets per Books (Schedule L),
Reconciliation of Income (Loss) per Books With Income (Loss) per Return
(Schedule M-1), Analysis of Partners' Capital Accounts (Schedule M-2),
and Net Income (Loss) Reconciliation for Certain Partnerships (Schedule
M-3).
OMB Number: 1545-0099.
Form Number: 1065, Schedule D, Schedule K-1, Schedule L, Schedule
M-1, Schedule M-2, and Schedule M-3.
Abstract: Internal Revenue Code section 6031 requires partnerships
to file returns that show gross income items, allowable deductions,
partners' names, addresses, and distribution shares, and other
information. This information is used by the IRS to verify correct
reporting of partnership items and for general statistics. The
information is used by partners to determine the income, loss, credits,
etc., to report on their tax returns.
Current Actions: Major changes were made to the form, instructions,
and some of the schedules to better serve the taxpayers. These changes
resulted in a decrease in burden hours.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for-profit organizations, farms,
and individuals or households.
Estimated Number of Respondents: 2,376,800.
Estimated Time per Respondent: Varies.
Estimated Total Annual Burden Hours: 707,661,044.
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;
[[Page 42832]]
and (e) estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: July 15, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010-17873 Filed 7-21-10; 8:45 am]
BILLING CODE 4830-01-P
