99-34011. Proposed Collection; Comment Request For Regulation Project  

  • [Federal Register Volume 65, Number 1 (Monday, January 3, 2000)]
    [Notices]
    [Page 168]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 99-34011]
    
    
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    DEPARTMENT OF THE TREASURY
    
    Internal Revenue Service
    [IA-14-91]
    
    
    Proposed Collection; Comment Request For Regulation Project
    
    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 an 
    existing final regulation, IA-14-91 (TD 8454), Adjusted Current 
    Earnings (Sec. 1.56(g)-1).
    
    DATES: Written comments should be received on or before March 3, 2000 
    to be assured of consideration.
    
    ADDRESSES: Direct all written comments to Garrick R. Shear, Internal 
    Revenue Service, room 5244, 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, Internal Revenue Service, room 5244, 1111 Constitution Avenue 
    NW., Washington, DC 20224.
    
    SUPPLEMENTARY INFORMATION:
        Title: Adjusted Current Earnings.
        Regulation Project Number: IA-14-91 (Final).
        Abstract: Section 1.56(g)-1(r) of the regulation sets forth rules 
    pursuant to section 56(g) of the Internal Revenue Code that permit 
    taxpayers to elect a simplified method of computing their inventory 
    amounts in order to compute their alternative minimum tax.
        Current Actions: There is no change to this existing regulation.
        Type of Review: Extension of a currently approved collection.
        Affected Public: Business or other for-profit organizations.
        Estimated Number of Respondents: 1,000.
        Estimated Time Per Respondent: 1 hr.
        Estimated Total Annual Burden Hours: 1,000.
        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.
    
        Approved: December 20, 1999.
    Garrick R. Shear,
    IRS Reports Clearance Officer.
    [FR Doc. 99-34011 Filed 12-30-99; 8:45 am]
    BILLING CODE 4830-01-U
    
    
    

Document Information

Published:
01/03/2000
Department:
Internal Revenue Service
Entry Type:
Notice
Action:
Notice and request for comments.
Document Number:
99-34011
Dates:
Written comments should be received on or before March 3, 2000 to be assured of consideration.
Pages:
168-168 (1 pages)
Docket Numbers:
IA-14-91
PDF File:
99-34011.pdf