Proposed Collection; Comment Request for Regulation Project, 30433 [2011-12832]
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Federal Register / Vol. 76, No. 101 / Wednesday, May 25, 2011 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
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 certain
returned magazines, paperbacks or
records.
DATES: Written comments should be
received on or before July 25, 2011 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Yvette Lawrence, Internal Revenue
Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for copies of the regulation
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: Certain Returned Magazines,
Paperbacks, or Records.
OMB Number: 1545–0879.
Regulation Project Number: IA–195–
78.
Abstract: The regulations provide
rules relating to an exclusion from gross
income for certain returned
merchandise. The regulations provide
that in addition to physical return of the
merchandise, a written statement listing
certain information may constitute
evidence of the return. Taxpayers who
receive physical evidence of the return
may, in lieu of retaining physical
evidence, retain documentary evidence
of the return. Taxpayers in the trade or
business of selling magazines,
paperbacks, or records, who elect a
certain method of accounting, are
affected.
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.
WReier-Aviles on DSKGBLS3C1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
15:12 May 24, 2011
Jkt 223001
Estimated Number of Respondents:
19,500.
Estimated Time Per Respondent: 25
minutes.
Estimated Total Annual Burden
Hours: 8,125 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: May 16, 2011.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011–12832 Filed 5–24–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Forms 8329 and 8330
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
SUMMARY:
PO 00000
Frm 00131
Fmt 4703
Sfmt 4703
30433
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
8329, Lender’s Information Return for
Mortgage Credit Certificates (MCCs) and
Form 8330, Issuer’s Quarterly
Information Return for Mortgage Credit
Certificates (MCCs).
DATES: Written comments should be
received on or before July 25, 2011 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Yvette Lawrence, 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 Allan Hopkins,
(202) 622–6665, 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: Form 8329, Lender’s
Information Return for Mortgage Credit
Certificates (MCCs) and Form 8330,
Issuer’s Quarterly Information Return
for Mortgage Credit Certificates (MCCs).
OMB Number: 1545–0922.
Form Number: Forms 8329 and 8330.
Abstract: Form 8329 is used by lending
institutions and Form 8330 is used by
state and local governments to provide
the IRS with information on the
issuance of mortgage credit certificates
(MCCs) authorized under Internal
Revenue Code section 25. IRS matches
the information supplied by lenders and
issuers to ensure that the credit is
computed properly.
Current Actions: There are no changes
being made to these forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and state, local or
tribal governments.
Estimated Number of Responses:
10,000—Form 8329; 2,000—Form 8330.
Estimated Time Per Response: 5
hours, 53 minutes—Form 8329; 7 hours,
28 minutes—Form 8330.
Estimated Total Annual Burden
Hours: 58,800—Form 8329; 14,920—
Form 8330.
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
E:\FR\FM\25MYN1.SGM
25MYN1
]]>Agencies
[Federal Register Volume 76, Number 101 (Wednesday, May 25, 2011)]
[Notices]
[Page 30433]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-12832]
[[Page 30433]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
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
certain returned magazines, paperbacks or records.
DATES: Written comments should be received on or before July 25, 2011
to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette Lawrence, Internal
Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for copies of the regulation
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: Certain Returned Magazines, Paperbacks, or Records.
OMB Number: 1545-0879.
Regulation Project Number: IA-195-78.
Abstract: The regulations provide rules relating to an exclusion
from gross income for certain returned merchandise. The regulations
provide that in addition to physical return of the merchandise, a
written statement listing certain information may constitute evidence
of the return. Taxpayers who receive physical evidence of the return
may, in lieu of retaining physical evidence, retain documentary
evidence of the return. Taxpayers in the trade or business of selling
magazines, paperbacks, or records, who elect a certain method of
accounting, are affected.
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.
Estimated Number of Respondents: 19,500.
Estimated Time Per Respondent: 25 minutes.
Estimated Total Annual Burden Hours: 8,125 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: May 16, 2011.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011-12832 Filed 5-24-11; 8:45 am]
BILLING CODE 4830-01-P
