Proposed Collection; Comment Request for Regulation Project, 36623-36624 [2011-15566]
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mstockstill on DSK4VPTVN1PROD with NOTICES
Federal Register / Vol. 76, No. 120 / Wednesday, June 22, 2011 / Notices
properly reported as required by
Internal Revenue Code section 6042,
that liquidation distributions are
correctly reported as required by Code
section 6043, and to determine whether
payees are correctly reporting their
income.
Current Actions: Two line items were
deleted.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Responses:
111,922,150.
Estimated Time per Response: 18
minutes.
Estimated Total Annual Burden
Hours: 34,695,867.
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 16, 2011.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2011–15575 Filed 6–21–11; 8:45 am]
BILLING CODE 4830–01–P
VerDate Mar<15>2010
16:40 Jun 21, 2011
Jkt 223001
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
requirements respecting the adoption or
change of accounting method;
extensions of time to make elections.
DATES: Written comments should be
received on or before August 22, 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 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.HopkinsAirs.gov.
SUPPLEMENTARY INFORMATION:
Title: Requirements Respecting the
Adoption or Change of Accounting
Method; Extensions of Time to Make
Elections.
OMB Number: 1545–1488. Regulation
Project Number: REG–209837–96.
Abstract: This final regulation
provides the procedures for requesting
an extension of time to make certain
elections, including changes in
accounting method and accounting
period. In addition, the regulation
provides the standards that the IRS will
use in determining whether to grant
taxpayers extensions of time to make
these elections.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals, notfor-profit institutions, and farms.
Estimated Number of Respondents:
500.
SUMMARY:
PO 00000
Frm 00112
Fmt 4703
Sfmt 4703
36623
Estimated Time Per Respondent: 10
hours.
Estimated Total Annual Burden
Hours: 5,000.
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 16, 2011.
Allan Hopkins,
IRS Reports Clearance Officer.
[FR Doc. 2011–15564 Filed 6–21–11; 8:45 am]
BILLING CODE 4830–01–P
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
SUMMARY:
E:\FR\FM\22JNN1.SGM
22JNN1
36624
Federal Register / Vol. 76, No. 120 / Wednesday, June 22, 2011 / Notices
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). The IRS is soliciting
comments concerning information
collection requirements related to
methods to determine taxable income in
connection with a cost sharing
arrangement.
Written comments should be
received on or before August 22, 2011
to be assured of consideration.
ADDRESSES: Direct all written comments
to, Yvette B. Lawrence, Internal
Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this regulation should be
directed to Joel Goldberger, (202) 927–
9368, Internal Revenue Service, Room
6129, 1111 Constitution Avenue, NW.,
Washington, DC 20224, or through the
Internet at Joel.P.Goldberger@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Methods to Determine Taxable
Income in Connection with a Cost
Sharing Arrangement.
OMB Number: 1545–1364.
Regulation Project Number: REG–
144615–02 (T.D. 9441).
Abstract: The collection of
information related to the IRS’s
assessment of whether a cost sharing
arrangement is valid, and whether each
participant’s share of costs is
proportionate to the participants share
of benefits, and whether arm’s length
compensation has been paid to those
participants providing external
contributions such that an appropriate
return is provided to those participants
for putting their funds at risk to a greater
extent than the other participants.
This document contains temporary
regulations that provide further
guidance and clarification regarding
methods under section 482 to determine
taxable income in connection with a
cost sharing arrangement in order to
address issues that have arisen in
administering the current regulations.
The temporary regulations affect
domestic and foreign entities that enter
into cost sharing arrangements
described in the temporary regulations.
The text of these temporary regulations
also serves as the text of the proposed
regulations set forth in the Proposed
Rules section in the issue of the Federal
Register dated January 5, 2009, (74 FR
340).
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
mstockstill on DSK4VPTVN1PROD with NOTICES
DATES:
VerDate Mar<15>2010
16:40 Jun 21, 2011
Jkt 223001
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
500.
Estimated Total Annual Burden
Hours: 9,350.
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 14, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011–15566 Filed 6–21–11; 8:45 am]
BILLING CODE 4830–01–P
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
SUMMARY:
PO 00000
Frm 00113
Fmt 4703
Sfmt 4703
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)). The IRS is soliciting
comments concerning information
collection requirements related to
Instructions for Requesting Rulings and
Determination Letters.
DATES: Written comments should be
received on or before August 22, 2011
to be assured of consideration.
ADDRESSES: Direct all written comments
to Yvette B. Lawrence, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of regulation should be directed
to Joel Goldberger, (202) 927–9368,
Internal Revenue Service, Room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or through the
Internet at Joel.P.Goldberger@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Instructions for Requesting
Rulings and Determination Letters.
OMB Number: 1545–0819.
Regulation Project Number: T.D. 9006.
Abstract: This document contains
final regulations relating to the notice to
interested parties requirement. Before
the IRS can issue an advance
determination regarding the
qualification of a retirement plan, a plan
sponsor must provide evidence that it
has notified all persons who qualify as
interested parties that an application for
an advance determination will be filed
with the IRS. These regulations set forth
standards by which a plan sponsor may
satisfy the notice to interested parties
requirement. The final regulations affect
retirement plan sponsors, plan
participants and other interested parties
with respect to a determination letter
application, and certain representatives
of interested parties.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: All Taxpayers.
Estimated Number of Respondents:
271,914.
The estimated annual burden per
respondent varies from 15 minutes to 1
hour, depending on individual
circumstances, with an estimated
average of 55 minutes.
Estimated Total Annual Burden
Hours: 248,496.
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
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22JNN1
]]>Agencies
[Federal Register Volume 76, Number 120 (Wednesday, June 22, 2011)]
[Notices]
[Pages 36623-36624]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-15566]
-----------------------------------------------------------------------
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
[[Page 36624]]
collections, as required by the Paperwork Reduction Act of 1995, Public
Law 104-13 (44 U.S.C. 3506(c)(2)(A)). The IRS is soliciting comments
concerning information collection requirements related to methods to
determine taxable income in connection with a cost sharing arrangement.
DATES: Written comments should be received on or before August 22, 2011
to be assured of consideration.
ADDRESSES: Direct all written comments to, Yvette B. Lawrence, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this regulation should be directed to Joel Goldberger, (202)
927-9368, Internal Revenue Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224, or through the Internet at
Joel.P.Goldberger@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Methods to Determine Taxable Income in Connection with a
Cost Sharing Arrangement.
OMB Number: 1545-1364.
Regulation Project Number: REG-144615-02 (T.D. 9441).
Abstract: The collection of information related to the IRS's
assessment of whether a cost sharing arrangement is valid, and whether
each participant's share of costs is proportionate to the participants
share of benefits, and whether arm's length compensation has been paid
to those participants providing external contributions such that an
appropriate return is provided to those participants for putting their
funds at risk to a greater extent than the other participants.
This document contains temporary regulations that provide further
guidance and clarification regarding methods under section 482 to
determine taxable income in connection with a cost sharing arrangement
in order to address issues that have arisen in administering the
current regulations. The temporary regulations affect domestic and
foreign entities that enter into cost sharing arrangements described in
the temporary regulations. The text of these temporary regulations also
serves as the text of the proposed regulations set forth in the
Proposed Rules section in the issue of the Federal Register dated
January 5, 2009, (74 FR 340).
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: 500.
Estimated Total Annual Burden Hours: 9,350.
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 14, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011-15566 Filed 6-21-11; 8:45 am]
BILLING CODE 4830-01-P
