Proposed Collection; Comment Request for Revenue Procedure 97-22, 6859-6860 [2012-2992]
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Federal Register / Vol. 77, No. 27 / Thursday, February 9, 2012 / Notices
credit projects in the United States to
provide emergency housing relief
needed as a result of the devastation
caused by severe storms, tornadoes,
straight-line winds and flooding in
Alabama beginning on April 15, 2011.
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: Individuals or
Households.
Estimated Number of Respondents:
600.
Estimated Average Time per
Respondent: 15 minutes.
Estimated Total Annual Burden
Hours: 150.
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: February 1, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012–2980 Filed 2–8–12; 8:45 am]
BILLING CODE 4830–01–P
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18:04 Feb 08, 2012
Jkt 226001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Information Collection
Activity; Proposed Collection
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)).
SUMMARY:
Written comments should be
received on or before April 9, 2012 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 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.
DATES:
SUPPLEMENTARY INFORMATION:
Title: Hedging Transactions.
OMB Number: 1545–1480.
Regulation Project Number: REG–
107047–00 (TD 8985–final).
Abstract: This document contains
final regulations relating to the character
of gain or loss from hedging
transactions. The regulations reflect
changes to the law made by the Ticket
to Work and Work Incentives
Improvement Act of 1999. The
regulations affect businesses entering
into hedging transactions.
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:
127,100.
Estimated Time per Respondent:
1 hour, 20 minutes.
Estimated Total Annual Burden
Hours: 171,050.
The following paragraph applies to all
of the collections of information covered
by this notice:
PO 00000
Frm 00088
Fmt 4703
Sfmt 4703
6859
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: February 3, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012–2988 Filed 2–8–12; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 97–22
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
Revenue Procedure 97–22, Examination
of returns and claims for refund, credits
SUMMARY:
E:\FR\FM\09FEN1.SGM
09FEN1
6860
Federal Register / Vol. 77, No. 27 / Thursday, February 9, 2012 / Notices
or abatement; determination of correct
tax liability.
DATES: Written comments should be
received on or before April 9, 2012 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 revenue procedure should
be directed to R. Joseph Durbala, at
(202) 622–3634, or at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the Internet at
RJoseph.Durbala@irs.gov.
mstockstill on DSK4VPTVN1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Examination of returns and
claims for refund, credits or abatement;
determination of correct tax liability.
OMB Number: 1545–1533.
Revenue Procedure Number: Revenue
Procedure 97–22.
Abstract: This revenue procedure
provides guidance to taxpayers who
maintain books and records by using an
electronic storage system that either
images their paper books and records or
transfers their computerized books and
records to an electronic storage media,
such as an optical disk. The information
requested in the revenue procedure is
required to ensure that records
maintained in an electronic storage
system will constitute records within
the meaning of Internal Revenue Code
section 6001.
Current Actions: There are no changes
being made to the revenue procedure at
this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organizations, not-for-profit institutions,
farms, Federal Government, and state,
local or tribal governments.
Estimated Number of Respondents:
50,000.
Estimated Time per Respondent: 20
hours, 1 minute.
Estimated Total Annual Burden
Hours: 1,000,400.
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
VerDate Mar<15>2010
18:04 Feb 08, 2012
Jkt 226001
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: February 3, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012–2992 Filed 2–8–12; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure
2009–14
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
Revenue Procedure 2009–14, Pre-filing
Agreement Program.
DATES: Written comments should be
received on or before April 9, 2012 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.
SUMMARY:
PO 00000
Frm 00089
Fmt 4703
Sfmt 4703
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations 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: Certain Transfers of Domestic
Stock or Securities by U.S. Persons to
Foreign Corporations.
OMB Number: 1545–1684.
Regulation Project Number: Revenue
Procedure 2009–14.
Abstract: Revenue Procedure 2009–14
describes a program under which
certain large business taxpayers may
request examination and resolution of
specific issues relating to tax returns.
The resolution of such issues under the
program will be memorialized by a type
of closing agreement under Code section
7121 called a pre-filing agreement.
Current Actions: There are no changes
to the burden previously approved for
this collection. We are making this
submission for renewal purposes.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents/
Recordkeepers: 216.
Estimated Time per Response: 60
hours, 48 minutes.
Estimated Total Annual Burden
Hours: 13,134.
The following paragraph applies to all
the collections of information covered
by this notice.
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;
E:\FR\FM\09FEN1.SGM
09FEN1
]]>Agencies
[Federal Register Volume 77, Number 27 (Thursday, February 9, 2012)]
[Notices]
[Pages 6859-6860]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-2992]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure 97-22
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
Revenue Procedure 97-22, Examination of returns and claims for refund,
credits
[[Page 6860]]
or abatement; determination of correct tax liability.
DATES: Written comments should be received on or before April 9, 2012
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 revenue procedure should be directed to R. Joseph
Durbala, at (202) 622-3634, or at Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW., Washington, DC 20224, or through the
Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Examination of returns and claims for refund, credits or
abatement; determination of correct tax liability.
OMB Number: 1545-1533.
Revenue Procedure Number: Revenue Procedure 97-22.
Abstract: This revenue procedure provides guidance to taxpayers who
maintain books and records by using an electronic storage system that
either images their paper books and records or transfers their
computerized books and records to an electronic storage media, such as
an optical disk. The information requested in the revenue procedure is
required to ensure that records maintained in an electronic storage
system will constitute records within the meaning of Internal Revenue
Code section 6001.
Current Actions: There are no changes being made to the revenue
procedure at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, not-for-profit institutions, farms, Federal
Government, and state, local or tribal governments.
Estimated Number of Respondents: 50,000.
Estimated Time per Respondent: 20 hours, 1 minute.
Estimated Total Annual Burden Hours: 1,000,400.
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: February 3, 2012.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2012-2992 Filed 2-8-12; 8:45 am]
BILLING CODE 4830-01-P
