Proposed Collection; Comment Request for Revenue Procedure 2004-19, 28944 [2013-11715]
Download as PDF
<![CDATA[
28944
Federal Register / Vol. 78, No. 95 / Thursday, May 16, 2013 / Notices
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation should be
directed to Katherine Dean, at (202)
622–3186, or at Internal Revenue
Service, room 6242, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the Internet, at
Katherine.b.dean@irs.gov.
tkelley on DSK3SPTVN1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Election, Revocation,
Termination, and Tax Effect of
Subchapter S Status.
OMB Number: 1545–1308.
Regulation Project Number: PS–260–
82 (TD 8449—final).
Abstract: Section 1362 of the Internal
Revenue Code provides for the election,
termination, and tax effect of subchapter
S status. Sections 1.1362–1 through
1.1362–7 of this regulation provides the
specific procedures and requirements
necessary to implement Code section
1362, including the filing of various
elections and statements with the
Internal Revenue Service.
Current Actions: There are no changes
being made to this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organizations, and farms.
Estimated Number of Respondents:
133.
Estimated Time per Respondent: 2
hours, 25 minutes.
Estimated Total Annual Burden
Hours: 322.
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
VerDate Mar<15>2010
18:13 May 15, 2013
Jkt 229001
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: May 6, 2013.
R. Joseph Durbala,
OMB Reports Clearance Officer.
[FR Doc. 2013–11726 Filed 5–15–13; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 2004–
19
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 2004–19, Probable or
Prospective Reserves Safe Harbor.
DATES: Written comments should be
received on or before July 15, 2013 to be
assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, 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 Katherine Dean, (202) 622–
3186, or at Internal Revenue Service,
Room 6242, 1111 Constitution Avenue
NW., Washington, DC 20224, or through
the internet, at
Katherine.b.dean@irs.gov.
SUMMARY:
SUPPLEMENTARY INFORMATION:
Title: Probable or Prospective
Reserves Safe Harbor.
OMB Number: 1545–1861.
Revenue Procedure Number: Revenue
Procedure 2004–19.
Abstract: Revenue Procedure 2004–19
requires a taxpayer to file an election
statement with the Service if the
taxpayer wants to use the safe harbor to
PO 00000
Frm 00149
Fmt 4703
Sfmt 9990
estimate the taxpayers’ oil and gas
properties’ probable or prospective
reserves for purposes of computing cost
depletion under § 611 of the Internal
Revenue Code.
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: Business or other forprofit organizations.
Estimated Number of Respondents:
100.
Estimated Annual Average Time per
Respondent: 30 minutes.
Estimated Total Annual Hours: 50.
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: May 6, 2013.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2013–11715 Filed 5–15–13; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\16MYN1.SGM
16MYN1
]]>Agencies
[Federal Register Volume 78, Number 95 (Thursday, May 16, 2013)]
[Notices]
[Page 28944]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-11715]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure 2004-
19
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 2004-19, Probable or Prospective Reserves Safe Harbor.
DATES: Written comments should be received on or before July 15, 2013
to be assured of consideration.
ADDRESSES: Direct all written comments to R. Joseph Durbala, 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 Katherine Dean,
(202) 622-3186, or at Internal Revenue Service, Room 6242, 1111
Constitution Avenue NW., Washington, DC 20224, or through the internet,
at Katherine.b.dean@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Probable or Prospective Reserves Safe Harbor.
OMB Number: 1545-1861.
Revenue Procedure Number: Revenue Procedure 2004-19.
Abstract: Revenue Procedure 2004-19 requires a taxpayer to file an
election statement with the Service if the taxpayer wants to use the
safe harbor to estimate the taxpayers' oil and gas properties' probable
or prospective reserves for purposes of computing cost depletion under
Sec. 611 of the Internal Revenue Code.
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: Business or other for-profit organizations.
Estimated Number of Respondents: 100.
Estimated Annual Average Time per Respondent: 30 minutes.
Estimated Total Annual Hours: 50.
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: May 6, 2013.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2013-11715 Filed 5-15-13; 8:45 am]
BILLING CODE 4830-01-P
