Proposed Collection; Comment Request for Regulation Project, 44843 [2010-18682]
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WReier-Aviles on DSKGBLS3C1PROD with NOTICES
Federal Register / Vol. 75, No. 145 / Thursday, July 29, 2010 / Notices
Abstract: The collection of
information in the regulations is in
§ 1.403(b)–10(b)(2) of the Income Tax
Regulations, requiring, in the case of
certain exchanges or transfers, that the
section 403(b) plan sponsor or
administrator enter into an agreement to
exchange certain information with
vendors of section 403(b) contracts.
Such information exchange is necessary
to ensure compliance with tax law
requirements relating to loans and
hardship distributions from section
403(b) plans.
Current Actions: There are no changes
being made to this regulation.
Type of Review: Extension of a
previously approved collection.
Affected Public: Individuals or
households, state, local or tribal
governments, and not-for-profit
institutions.
Estimated Number of Respondents:
11,000.
Estimated Time Per Respondent: 4.1
hours.
Estimated Total Annual Burden
Hours: 45,000.
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.
VerDate Mar<15>2010
12:45 Jul 28, 2010
Jkt 220001
Approved: July 6, 2010.
Gerald Shields,
Supervisory Tax Analyst.
[FR Doc. 2010–18679 Filed 7–28–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–149524–03]
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
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–
149524–03, (NPRM) LIFO Recapture
Under Section 1363(d).
DATES: Written comments should be
received on or before September 27,
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 Allan Hopkins, at (202) 622–
6665, or at Internal Revenue Service,
room 6129, 1111 Constitution Avenue,
NW, Washington, DC 20224, or through
the Internet, at
Allan.M.Hopkins@irs.gov.
SUMMARY:
Title: (NPRM) LIFO Recapture Under
Section 1363(d)
OMB Number: 1545–1906.
Regulation Project Number: REG–
149524–03.
Abstract: Section 1.1363–2(e)(ii)
allows a partnership to elect to adjust
the basis of its inventory to take account
of LIFO recapture. Section 1.1363–
2(e)(3) provides guidance on how to
make this election.
Current Actions: There is no change to
this existing regulation.
Type of review: Extension of a
currently approved collection.
Frm 00088
Fmt 4703
Sfmt 4703
Affected Public: Business or other forprofit organizations and Individuals or
households.
Estimated Number of Respondents/
Recordkeepers: 100.
Estimated Time Per Respondent/
Recordkeeper: 2 hrs.
Estimated Total Annual Reporting/
Recordkeeping Burden Hours: 200.
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 6, 2010.
Gerald Shields,
Supervisory Tax Analyst.
[FR Doc. 2010–18682 Filed 7–28–10; 8:45 am]
SUPPLEMENTARY INFORMATION:
PO 00000
44843
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–138176–02]
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
E:\FR\FM\29JYN1.SGM
29JYN1
]]>Agencies
[Federal Register Volume 75, Number 145 (Thursday, July 29, 2010)]
[Notices]
[Page 44843]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-18682]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-149524-03]
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 proposed regulation, REG-149524-03, (NPRM) LIFO Recapture
Under Section 1363(d).
DATES: Written comments should be received on or before September 27,
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 Allan Hopkins, at (202)
622-6665, or at Internal Revenue Service, room 6129, 1111 Constitution
Avenue, NW, Washington, DC 20224, or through the Internet, at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: (NPRM) LIFO Recapture Under Section 1363(d)
OMB Number: 1545-1906.
Regulation Project Number: REG-149524-03.
Abstract: Section 1.1363-2(e)(ii) allows a partnership to elect to
adjust the basis of its inventory to take account of LIFO recapture.
Section 1.1363-2(e)(3) provides guidance on how to make this election.
Current Actions: There is no change to this existing regulation.
Type of review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations and
Individuals or households.
Estimated Number of Respondents/Recordkeepers: 100.
Estimated Time Per Respondent/Recordkeeper: 2 hrs.
Estimated Total Annual Reporting/Recordkeeping Burden Hours: 200.
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 6, 2010.
Gerald Shields,
Supervisory Tax Analyst.
[FR Doc. 2010-18682 Filed 7-28-10; 8:45 am]
BILLING CODE 4830-01-P
