Proposed Collection; Income, Excise, and Estate and Gift Taxes Effective Dates, etc., 77053-77054 [2011-31588]

Download as PDF Federal Register / Vol. 76, No. 237 / Friday, December 9, 2011 / Notices Written comments should be received on or before February 7, 2012 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 the regulations should be directed to Joel Goldberger at Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or at (202) 927–9368, or through the internet Joel.P.Goldberger@irs.gov. 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. SUPPLEMENTARY INFORMATION: Approved: November 22, 2011. Yvette B. Lawrence, IRS Reports Clearance Officer. srobinson on DSK4SPTVN1PROD with NOTICES DATES: Title: Bad Debt Reserves of Banks. OMB Number: 1545–1290. Regulation Project Number: T.D. 8513. Abstract: Section 585(c) of the Internal Revenue Code requires large banks to change from reserve method of accounting to the specific charge off method of accounting for bad debts. Section 1.585–8 of the regulation contains reporting requirements in cases in which large banks elect (1) To include in income an amount greater than that prescribed by the Code; (2) to use the elective cut-off method of accounting: or (3) to revoke any elections previously made. Current Actions: There is no change to these existing regulations. Type of Review: Extension of currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 2,500. Estimated Time per Respondent: 15 min. Estimated Total Annual Burden Hours: 625. 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 VerDate Mar<15>2010 18:35 Dec 08, 2011 Jkt 226001 [FR Doc. 2011–31583 Filed 12–8–11; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Income, Excise, and Estate and Gift Taxes Effective Dates, etc. 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)). The IRS is soliciting comments concerning information collection requirements related to income, excise, and estate and gift taxes; effective dates and other issues arising under the employee benefit provisions of the tax reform act of 1984. DATES: Written comments should be received on or before February 7, 2012 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. SUMMARY: PO 00000 Frm 00120 Fmt 4703 Sfmt 4703 77053 SUPPLEMENTARY INFORMATION: Title: Income, Excise, and Estate and Gift Taxes Effective Dates and Other Issues Arising Under the Employee Benefit Provisions of the Tax Reform Act of 1984. OMB Number: 1545–0916. Regulation Project Number: T.D. 8073 (temporary regulations) and EE–96–85 (notice of proposed rulemaking). Abstract: The regulations provide rules relating to effective dates and certain other issues arising under sections 91.223 and 511–561 of the Tax Reform Act of 1984. The regulations affect qualified employee benefit plans, welfare benefit funds, and employees receiving benefits through such plans. Current Actions: There are no changes being made to the notice at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations, not-for-profit institutions, and individuals. Estimated Number of Respondents: 7,800. Estimated Time per Respondent: 31 minutes. Estimated Total Annual Burden Hours: 4,000. 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, E:\FR\FM\09DEN1.SGM 09DEN1 77054 Federal Register / Vol. 76, No. 237 / Friday, December 9, 2011 / Notices maintenance, and purchase of services to provide information. Approved: January 13, 2011. Yvette B. Lawrence, IRS Reports Clearance Officer. Editorial Note: This document was received at the Office of the Federal Register on December 5, 2011. [FR Doc. 2011–31588 Filed 12–8–11; 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. AGENCY: Notice and request for comments. ACTION: 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)). The IRS is soliciting comments concerning information collection requirements related to amortization of intangible property. SUMMARY: Written comments should be received on or before February 7, 2012 to be assured of consideration. srobinson on DSK4SPTVN1PROD with NOTICES DATES: VerDate Mar<15>2010 18:35 Dec 08, 2011 Jkt 226001 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 the regulations should be directed to Joel Goldberger at Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or at (202) 927–9368, or through the Internet at Joel.P. Goldberger@irs.gov. SUPPLEMENTARY INFORMATION: Title: Amortization of Intangible Property. OMB Number: 1545–1671. Regulation Project Number: (TD 8865). Abstract: These regulations apply to property acquired after January 25, 2000. Regulations to implement section 197(e)(4)(D) are applicable August 11, 1993, for property acquired after August 10, 1993 (or July 26, 1991, for property acquired after July 25, 1991, if a valid retroactive election has been made under § 1.197–1T). 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. Estimated Number of Respondents: 500. Estimated Time per Respondent: 3 hours. Estimated Total Annual Burden Hours: 1,500. The following paragraph applies to all of the collections of information covered by this notice: ADDRESSES: PO 00000 Frm 00121 Fmt 4703 Sfmt 9990 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: November 29, 2011. Yvette B. Lawrence, IRS Reports Clearance Officer. [FR Doc. 2011–31589 Filed 12–8–11; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\09DEN1.SGM 09DEN1

Agencies

[Federal Register Volume 76, Number 237 (Friday, December 9, 2011)]
[Notices]
[Pages 77053-77054]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-31588]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Income, Excise, and Estate and Gift Taxes 
Effective Dates, etc.

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)). The IRS is soliciting comments concerning information 
collection requirements related to income, excise, and estate and gift 
taxes; effective dates and other issues arising under the employee 
benefit provisions of the tax reform act of 1984.

DATES: Written comments should be received on or before February 7, 
2012 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: Income, Excise, and Estate and Gift Taxes Effective Dates 
and Other Issues Arising Under the Employee Benefit Provisions of the 
Tax Reform Act of 1984.
    OMB Number: 1545-0916.
    Regulation Project Number: T.D. 8073 (temporary regulations) and 
EE-96-85 (notice of proposed rulemaking).
    Abstract: The regulations provide rules relating to effective dates 
and certain other issues arising under sections 91.223 and 511-561 of 
the Tax Reform Act of 1984. The regulations affect qualified employee 
benefit plans, welfare benefit funds, and employees receiving benefits 
through such plans.
    Current Actions: There are no changes being made to the notice at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, not-
for-profit institutions, and individuals.
    Estimated Number of Respondents: 7,800.
    Estimated Time per Respondent: 31 minutes.
    Estimated Total Annual Burden Hours: 4,000.
    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,

[[Page 77054]]

maintenance, and purchase of services to provide information.

    Approved: January 13, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.

    Editorial Note: This document was received at the Office of the 
Federal Register on December 5, 2011.

[FR Doc. 2011-31588 Filed 12-8-11; 8:45 am]
BILLING CODE 4830-01-P