[Federal Register Volume 62, Number 111 (Tuesday, June 10, 1997)]
[Notices]
[Page 31666]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-15158]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[FI-255-82]
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 regulations, FI-
255-82 (TD 7852), Registration Requirements With Respect to Debt
Obligations (Sec. 1.149-1(c)(4)).
DATES: Written comments should be received on or before August 11, 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: Registration Requirements With Respect to Debt. Obligations.
OMB Number: 1545-0945.
Regulation Project Number: FI-255-82.
Abstract: These regulations require an issuer of a registration-
required obligation and any person holding the obligation as a nominee
or custodian on behalf of another to maintain ownership records in a
manner which will permit examination by the Internal Revenue Service in
connection with enforcement of the Internal Revenue laws.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of OMB approval.
Affected Public: Business or other for-profit organizations and,
state, local or tribal governments.
Estimated Number of Recordkeepers: 50,000.
Estimated Time Per Recordkeeper: 1 hour.
Estimated Total Annual Burden Hours: 50,000.
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: June 4, 1997.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 97-15158 Filed 6-9-97; 8:45 am]
BILLING CODE 4830-01-U
