Proposed Collection; Comment Request for Regulation Project, 50211-50212 [2012-20294]
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Federal Register / Vol. 77, No. 161 / Monday, August 20, 2012 / Notices
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: August 10, 2012.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2012–20292 Filed 8–17–12; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Notice 2006–05
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 Notice
2006–05, Waiver for Reasonable Cause
for Failure to Report Loan Origination
Fees and Capitalized Interest.
DATES: Written comments should be
received on or before October 19, 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 regulations should be
directed to Allan Hopkins at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or at (202) 622–6665, or
through the internet at
Allan.M.Hopkins@irs.gov.
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
Title:
Waiver for Reasonable Cause for Failure
SUPPLEMENTARY INFORMATION:
VerDate Mar<15>2010
16:25 Aug 17, 2012
Jkt 226001
to Report Loan Origination Fees and
Capitalized Interest.
Notice Number: 1545–1996.
Abstract: This Notice provides
information to payees who receive
payment of interest on qualified
education loans who are unable to
comply with the information reporting
requirements under section 6050S of the
Internal Revenue Code.
Current Actions: There are no changes
being made to the notice at this time.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other-forprofit organizations, Federal
Government.
Estimated Total Annual
Recordkeeping and Reporting Burden:
500.
Estimated Annual Recordkeeping and
Reporting Burden per Respondent: 10
hours.
Estimated Number of Respondents:
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.
PO 00000
Frm 00134
Fmt 4703
Sfmt 4703
50211
Approved: August 10, 2012.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2012–20293 Filed 8–17–12; 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
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 taxation
of fringe benefits and exclusions from
gross income for certain fringe Benefits,
listed property, and substantiation of
business expenses.
DATES: Written comments should be
received on or before October 19, 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 regulation 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: EE–63–88 (Final and temporary
regulations) Taxation of Fringe Benefits
and Exclusions From Gross Income for
Certain Fringe Benefits; IA–140–86
(Temporary) Fringe Benefits; Listed
Property; and REG–209785–95 (Final)
Substantiation of Business Expenses.
OMB Number: 1545–0771.
Regulation Project Number: EE–63–
88; IA–140–86; and REG–209785–95.
Abstract: EE–63–88—This regulation
provides guidance on the tax treatment
of taxable and nontaxable fringe benefits
and general and specific rules for the
valuation of taxable fringe benefits in
accordance with Code sections 61 and
132. The regulation also provides
guidance on exclusions from gross
SUMMARY:
E:\FR\FM\20AUN1.SGM
20AUN1
50212
Federal Register / Vol. 77, No. 161 / Monday, August 20, 2012 / Notices
mstockstill on DSK4VPTVN1PROD with NOTICES
income for certain fringe benefits. IA–
140–86—This regulation provides
guidance relating to the requirement
that any deduction or credit with
respect to business travel,
entertainment, and gift expenses be
substantiated with adequate records in
accordance with Code section 274(d).
The regulation also provides guidance
on the taxation of fringe benefits and
clarifies the types of records that are
generally necessary to substantiate any
deduction or credit for listed property.
REG–209785–95—This regulation
provides that taxpayers who deduct, or
reimburse employees for, business
expenses for travel, entertainment, gifts,
or listed property are required to
maintain certain records, including
receipts, for expenses of $75 or more.
Current Actions: There are no changes
to these existing regulations.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organizations, not-for profits
VerDate Mar<15>2010
16:25 Aug 17, 2012
Jkt 226001
institutions, farms and Federal, state,
local or tribal governments.
Estimated Number of Respondents:
28,582,150.
Estimated Time per Respondent: 1 hr.,
20 min.
Estimated Total Annual Burden
Hours: 37,922,688.
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
PO 00000
Frm 00135
Fmt 4703
Sfmt 9990
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: August 10, 2012.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2012–20294 Filed 8–17–12; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\20AUN1.SGM
20AUN1
]]>Agencies
[Federal Register Volume 77, Number 161 (Monday, August 20, 2012)]
[Notices]
[Pages 50211-50212]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-20294]
-----------------------------------------------------------------------
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
taxation of fringe benefits and exclusions from gross income for
certain fringe Benefits, listed property, and substantiation of
business expenses.
DATES: Written comments should be received on or before October 19,
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 regulation 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: EE-63-88 (Final and temporary regulations) Taxation of
Fringe Benefits and Exclusions From Gross Income for Certain Fringe
Benefits; IA-140-86 (Temporary) Fringe Benefits; Listed Property; and
REG-209785-95 (Final) Substantiation of Business Expenses.
OMB Number: 1545-0771.
Regulation Project Number: EE-63-88; IA-140-86; and REG-209785-95.
Abstract: EE-63-88--This regulation provides guidance on the tax
treatment of taxable and nontaxable fringe benefits and general and
specific rules for the valuation of taxable fringe benefits in
accordance with Code sections 61 and 132. The regulation also provides
guidance on exclusions from gross
[[Page 50212]]
income for certain fringe benefits. IA-140-86--This regulation provides
guidance relating to the requirement that any deduction or credit with
respect to business travel, entertainment, and gift expenses be
substantiated with adequate records in accordance with Code section
274(d). The regulation also provides guidance on the taxation of fringe
benefits and clarifies the types of records that are generally
necessary to substantiate any deduction or credit for listed property.
REG-209785-95--This regulation provides that taxpayers who deduct, or
reimburse employees for, business expenses for travel, entertainment,
gifts, or listed property are required to maintain certain records,
including receipts, for expenses of $75 or more.
Current Actions: There are no changes to these existing
regulations.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, not-for profits institutions, farms and Federal,
state, local or tribal governments.
Estimated Number of Respondents: 28,582,150.
Estimated Time per Respondent: 1 hr., 20 min.
Estimated Total Annual Burden Hours: 37,922,688.
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: August 10, 2012.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2012-20294 Filed 8-17-12; 8:45 am]
BILLING CODE 4830-01-P
