[Federal Register Volume 63, Number 89 (Friday, May 8, 1998)]
[Notices]
[Page 25566]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-12199]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8264
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
Form 8264, Application for Registration of a Tax Shelter.
DATES: Written comments should be received on or before July 7, 1998 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 form and instructions should be directed to Martha R.
Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111
Constitution Avenue NW., Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Application for Registration of a Tax Shelter.
OMB Number: 1545-0865
Form Number: 8264
Abstract: Under section 6111 of the Internal Revenue Code,
organizers of certain tax shelters are required to register them with
the IRS. Organizers filing a properly completed Form 8264 will receive
a tax shelter registration number from the IRS. They must furnish the
tax shelter registration number to investors in the tax shelter, who
must provide the number to the IRS when they report any income or claim
a deduction, loss, credit, or other tax benefit derived from the tax
shelter on their tax return.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations and
individuals or households.
Estimated Number of Respondents: 1,000
Estimated Time Per Respondent: 39 hr., 4 min.
Estimated Total Annual Burden Hours: 39,060
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: April 30, 1998.
Garrick R. Shear,
IRS Reports Clearance Officer
[FR Doc. 98-12199 Filed 5-7-98; 8:45 am]
BILLING CODE 4830-01-U
