Proposed Collection; Comment Request for Revenue Procedure 2006-42, 19577-19578 [2013-07563]

Download as PDF pmangrum on DSK3VPTVN1PROD with NOTICES Federal Register / Vol. 78, No. 62 / Monday, April 1, 2013 / Notices Estimated Number of Respondents: 504,000. Estimated Time per Respondent: 4 hours, 40 minutes. Estimated Annual Burden Hours for Respondents: 2,347,020. (2) Title: Support Schedule for Advance Ruling Period. OMB Number: 1545–1836. Form Number: 8734. Abstract: Form 8734 is used by charities to furnish financial information that Exempt Organization Determinations of IRS can use to classify a charity as a public charity. 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: Not-for-profit institutions. Estimated Number of Respondents: 16,000. Estimated Time per Respondent: 34 hours, 19 minutes. Estimated Total Annual Reporting Burden hours: 549,120. (3) Title: Information Return for Acquisition of Control or Substantial Change in Capital Structure. OMB Number: 1545–1869. Form Number: 8806. Abstract: Form 8806 is used to report information regarding transactions involving acquisition of control or substantial change in capital structure under section 6043. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 10. Estimated Time per Respondent: 11 hours, 18 minutes. Estimated Total Annual Burden Hours: 113. (4) Title: Health Insurance Costs of Eligible Individuals. OMB Number: 1545–1875. Form Number: Rev. Proc. 2004–12. Abstract: Revenue Procedure 2004–12 informs states how to elect a health program to be qualified health insurance for purposes of the health coverage tax credit (HCTC) under section 35 of the Internal Revenue Code. The collection of information is voluntary. However, if a state does not make an election, eligible residents of the state may be impeded in their efforts to claim the HCTC. Current Actions: There is no change in the paperwork burden previously approved by OMB. VerDate Mar<15>2010 15:34 Mar 29, 2013 Jkt 229001 Type of Review: Extension of a currently approved collection. Affected Public: States, Local or Tribal Government. Estimated Number of Respondents: 51. Estimated Average Time per Respondent: 30 minutes. Estimate Total Annual Burden Hours: 26. (5) Title: Energy Efficient Home Credit. OMB Number: 1545–1979. Form Number: 8909. Abstract: Congress passed Public Law 109–58, the Energy Policy Act of 2005, on August 8, 2005, enacting legislation providing a tax credit for contractors producing new energy efficient homes. We created Form 8908 to reflect new code section 45L which allows qualified contractors to claim a credit for each qualified energy-efficient home sold in tax years ending after December 31, 2005. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 198,000. Estimated Time per Respondent: 2 hours, 35 minutes. Estimated Total Annual Burden Hours: 512,820. 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 PO 00000 Frm 00134 Fmt 4703 Sfmt 4703 19577 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: March 25, 2013. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. 2013–07557 Filed 3–29–13; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Revenue Procedure 2006– 42 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: 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 2006–42, Automatic Consent to Change Certain Elections Relating to the Apportionment of Interest Expense, Research and Experimental Expenditures Under Section 1.861. DATES: Written comments should be received on or before May 31, 2013 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 Martha R. Brinson, (202) 622–3869, or at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet, at Martha.R.Brinson@irs.gov. SUPPLEMENTARY INFORMATION: Title: Automatic Consent to Change Certain Elections Relating to the Apportionment of Interest Expense, E:\FR\FM\01APN1.SGM 01APN1 pmangrum on DSK3VPTVN1PROD with NOTICES 19578 Federal Register / Vol. 78, No. 62 / Monday, April 1, 2013 / Notices Research and Experimental Expenditures Under Section 1.861. OMB Number: 1545–2040. Revenue Procedure Number: Revenue Procedure 2006–42. Abstract: This revenue procedure provides administrative guidance under which a taxpayer may obtain automatic consent to change (a) from the fair market value method or from the alternative tax book method to apportion interest expense or (b) from the sales method or the optional gross income methods to apportion research and experimental expenditures. Current Actions: Extension of a currently approved collection. Affected Public: Business or other forprofit institutions, and individuals or households. Estimated Number of Respondents: 200. Estimated Time per Respondent: 30 minutes. Estimated Total Annual Burden Hours: 100. 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. VerDate Mar<15>2010 15:34 Mar 29, 2013 Jkt 229001 Approved: March 19, 2013. Yvette Lawrence, IRS Reports Clearance Officer. [FR Doc. 2013–07563 Filed 3–29–13; 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: 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, Disclosure Requirements With Respect to Prohibited Tax Shelter Transactions. DATES: Written comments should be received on or before May 31, 2013 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 Martha R. Brinson, (202) 622–3869, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at Martha.R.Brinson@irs.gov. SUPPLEMENTARY INFORMATION: Title: Disclosure Requirements With Respect to Prohibited Tax Shelter Transactions. OMB Number: 1545–2079. Form Number: TD 9334. Abstract: This document contains final regulations that provide guidance under section 4965 of the Internal Revenue Code (‘‘Code’’), relating to excise taxes with respect to prohibited tax shelter transactions to which taxexempt entities are parties, and sections 6033(a)(2) and 6011(g) of the Code, relating to certain disclosure obligations with respect to such transactions. Current Actions: There is no change in the paperwork burden previously approved by OMB. PO 00000 Frm 00135 Fmt 4703 Sfmt 4703 Type of Review: Extension of a currently approved collection. Affected Public: Individuals and Households, Businesses and other forprofit organizations. Estimated Number of Respondents: 6,500. Estimated Time per Respondent: 15 hours 9 minutes. Estimated Total Annual Burden Hours: 98,500. 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: March 20, 2013. Yvette Lawrence, IRS Reports Clearance Officer. [FR Doc. 2013–07516 Filed 3–29–13; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 4506–T Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: E:\FR\FM\01APN1.SGM 01APN1

Agencies

[Federal Register Volume 78, Number 62 (Monday, April 1, 2013)]
[Notices]
[Pages 19577-19578]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-07563]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2006-
42

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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 2006-42, Automatic Consent to Change Certain 
Elections Relating to the Apportionment of Interest Expense, Research 
and Experimental Expenditures Under Section 1.861.

DATES: Written comments should be received on or before May 31, 2013 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 Martha R. 
Brinson, (202) 622-3869, or at Internal Revenue Service, Room 6129, 
1111 Constitution Avenue NW., Washington, DC 20224, or through the 
Internet, at Martha.R.Brinson@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Automatic Consent to Change Certain Elections Relating to 
the Apportionment of Interest Expense,

[[Page 19578]]

Research and Experimental Expenditures Under Section 1.861.
    OMB Number: 1545-2040.
    Revenue Procedure Number: Revenue Procedure 2006-42.
    Abstract: This revenue procedure provides administrative guidance 
under which a taxpayer may obtain automatic consent to change (a) from 
the fair market value method or from the alternative tax book method to 
apportion interest expense or (b) from the sales method or the optional 
gross income methods to apportion research and experimental 
expenditures.
    Current Actions: Extension of a currently approved collection.
    Affected Public: Business or other for-profit institutions, and 
individuals or households.
    Estimated Number of Respondents: 200.
    Estimated Time per Respondent: 30 minutes.
    Estimated Total Annual Burden Hours: 100.
    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: March 19, 2013.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013-07563 Filed 3-29-13; 8:45 am]
BILLING CODE 4830-01-P