[Federal Register Volume 61, Number 247 (Monday, December 23, 1996)]
[Notices]
[Page 67596]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-32524]
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DEPARTMENT OF THE TREASURY
Proposed Collection; Comment Request for Notice 96-65
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
Notice 96-65, Treatment of a trust as domestic or foreign--Changes made
by the Small Business Job Protection Act.
DATES: Written comments should be received on or before February 21,
1997 to be assured of consideration.
ADDRESSES: Direct all written comments to Garrick R. Shear, Internal
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional
information or copies of the information collection should be
directed to Carol Savage, (202) 622-3945, Internal Revenue Service,
room 5569, 1111 Constitution Avenue NW., Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Treatment of a trust as domestic or foreign--Changes made by
the Small Business Job Protection Act.
OMB Number: 1545-1506.
Notice Number: Notice 96-65.
Abstract: Notice 96-65 announces that a domestic trust may avoid an
involuntary change in status caused by operation of the Small Business
Job Protection Act of 1996 by reforming to comply with the new law
within a reasonable period of time. The notice also announces how to
elect to apply the new trust status rules retroactively.
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, business or other for-profit
organizations, and not-for-profit institutions.
Estimated Number of Respondents: 1,200.
Estimated Time Per Respondent: 28 minutes.
Estimated Total Annual Burden Hours: 550.
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 17, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-32524 Filed 12-20-96; 8:45 am]
BILLING CODE 4830-01-P