[Federal Register Volume 69, Number 76 (Tuesday, April 20, 2004)]
[Notices]
[Pages 21193-21194]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-8941]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-209020-86]
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 notice of proposed rulemaking and temporary regulation, REG-
209020-86 (TD 8210), Foreign Tax Credit; Notification and Adjustment
Due to Foreign Tax Redeterminations (Sec. Sec. 1.905-3T, 1.905-4T,
1.905-5T and 301.6689-IT).
DATES: Written comments should be received on or before June 21, 2004,
to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn Kirkland, Internal
Revenue Service, room 6411, 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 Allan
Hopkins, at (202) 622-6665, or at Internal Revenue Service, room 6407,
1111 Constitution Avenue NW., Washington, DC 20224, or through the
Internet, at [email protected]
SUPPLEMENTARY INFORMATION:
Title: Foreign Tax Credit; Notification and Adjustment Due to
Foreign Tax Redeterminations.
OMB Number: 1545-1056.
Regulation Project Number: REG-209020-86 (formerly INTL-61-86).
Abstract: This regulation relates to a taxpayer's obligation under
section 905(c) of the Internal Revenue Code to file notification of a
foreign tax redetermination, to make adjustments to a taxpayer's pools
of foreign taxes and earnings and profits, and the imposition of the
civil penalty for failure to file such notice or report such
adjustments.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals and business or other for-profit
organizations.
Estimated Number of Respondents: 10,000.
Estimated Time Per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 10,000.
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
[[Page 21194]]
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: April 8, 2004.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 04-8941 Filed 4-19-04; 8:45 am]
BILLING CODE 4830-01-P
