Proposed Collection; Comment Request for Form 5713 and Schedules A, B, and C (Form 5713), 30430 [2011-12836]
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30430
Federal Register / Vol. 76, No. 101 / Wednesday, May 25, 2011 / Notices
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. 2011–12831 Filed 5–24–11; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 5713 and Schedules
A, B, and C (Form 5713)
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
5713, International Boycott Report.
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 and instructions
should be directed to R. Joseph Durbala
at Internal Revenue Service, room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
3634, or through the Internet at
RJoseph.Durbala@irs.gov.
SUMMARY:
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SUPPLEMENTARY INFORMATION:
Title: International Boycott Report.
OMB Number: 1545–0216.
Form Number: 5713, and Schedules
A, B, and C (Form 5713).
Abstract: Form 5713 and related
Schedules A, B, and C are used any
entity that has operations in a
‘‘boycotting’’ country. If that entity
cooperates with or participates in an
international boycott, it may lose a
portion of the following benefits: The
foreign tax credit, deferral of income of
a controlled foreign corporation,
deferral of income of a domestic
international sales corporation, or
VerDate Mar<15>2010
15:12 May 24, 2011
Jkt 223001
deferral of income of a foreign sales
corporation. The IRS uses Form 5713 to
determine if any of these benefits
should be lost. The information is also
used as the basis for a report to the
Congress.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and individuals.
Estimated Number of Respondents:
2,584.
Estimated Time per Respondent: 48
hours, 24 minutes.
Estimated Total Annual Burden
Hours: 69,495.
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 11, 2011.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011–12836 Filed 5–24–11; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Frm 00128
Fmt 4703
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–209673–93 (TD 8700)]
Proposed Collection; Comment
Request on Burden Relating to
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 the
burden related to existing final
regulations, TD 8700, Mark to Market
for Dealers in Securities (§§ 1.475(b)–4,
and 1.475(c)–1).
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 regulation should be
directed to R. Joseph Durbala, (202)
622–3634, Internal Revenue Service,
room 6129, 1111 Constitution Avenue,
NW., Washington, DC 20224, or through
the Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Mark to Market for Dealers in
Securities.
OMB Number: 1545–1496.
Regulation Project Number: TD 8700.
Abstract: Under section 1.475(b)–4,
the information required to be recorded
is required by the IRS to determine
whether exemption from mark-tomarket treatment is properly claimed,
and will be used to make that
determination upon audit of taxpayers’
books and records. Also, under section
1.475(c)–1(a)(3)(iii), the information is
necessary for the Service to determine
whether a consolidated group has
elected to disregard inter-member
transactions in determining a member’s
status as a dealer in securities.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
SUMMARY:
E:\FR\FM\25MYN1.SGM
25MYN1
]]>Agencies
[Federal Register Volume 76, Number 101 (Wednesday, May 25, 2011)]
[Notices]
[Page 30430]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-12836]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 5713 and Schedules
A, B, and C (Form 5713)
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 5713, International Boycott Report.
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 and instructions should be directed to R. Joseph
Durbala at Internal Revenue Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224, or at (202) 622-3634, or through the
Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: International Boycott Report.
OMB Number: 1545-0216.
Form Number: 5713, and Schedules A, B, and C (Form 5713).
Abstract: Form 5713 and related Schedules A, B, and C are used any
entity that has operations in a ``boycotting'' country. If that entity
cooperates with or participates in an international boycott, it may
lose a portion of the following benefits: The foreign tax credit,
deferral of income of a controlled foreign corporation, deferral of
income of a domestic international sales corporation, or deferral of
income of a foreign sales corporation. The IRS uses Form 5713 to
determine if any of these benefits should be lost. The information is
also used as the basis for a report to the Congress.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
individuals.
Estimated Number of Respondents: 2,584.
Estimated Time per Respondent: 48 hours, 24 minutes.
Estimated Total Annual Burden Hours: 69,495.
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 11, 2011.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011-12836 Filed 5-24-11; 8:45 am]
BILLING CODE 4830-01-P
