Rules and Regulations. Notice and request for comments

1,524 words·~7 min read·/register/2007/09/17/07-4616

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BILLING CODE 4910-22-M DEPARTMENT OF THE TREASURY Internal Revenue Service [REG-209619-93] Proposed Collection; Comment Request for Regulation Project AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. 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, REG-209619-93, Escrow Funds and Other Similar Funds (§§ 1.469B-1(k)(2), 1.468B-1(k)(3)(iv), 1.468B-6(e)(1), 1.468B-6(f), 1.468B-7(d), 1.468B-8(f), 1.468B-8(g)(1), 1.468B-9(c)(1), and 1.468B-9(f)(3). DATES: Written comments should be received on or before November 16, 2007 to be assured of consideration. ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of regulation the form and instructions should be directed to Robert Black at Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or at

(202)622-6665, or through the Internet at *Robert.G.Black@irs.gov* . SUPPLEMENTARY INFORMATION: *Title:* Escrow Funds and Other Similar Funds. *OMB Number:* 1545-1631. *Regulation Project Number:* REG-209619-93. *Abstract:* These regulations would amend the final regulations for qualified settlement funds

(QFSs)and would provide new rules for qualified escrows and qualified trusts used in deferred section 1031 exchanges; pre-closing escrows; contingent at-closing escrows; and disputed ownership funds. *Current Actions:* There is no change to this existing regulation. *Type of Review:* Extension of a currently approved collection. *Affected Public:* Individuals or households, business or other for-profit organizations, not-for-profit institutions and Federal, state, local or tribal governments. *Estimated Number of Respondents:* 9,300. *Estimated Time per Respondent:* 30 minutes. *Estimated Total Annual Burden Hours:* 4,650. 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: September 7, 2007. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. E7-18285 Filed 9-14-07; 8:45 am] BILLING CODE 4830-01-P DEPARTMENT OF THE TREASURY Internal Revenue Service [REG-104072-97] Proposed Collection; Comment Request for Regulation Project AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. 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, REG-104072-97 (TD 8853), Recharacterizing Financing Arrangements Involving Fast-Pay Stock (§ 1.7701(l)-3). DATES: Written comments should be received on or before November 16, 2007 to be assured of consideration. ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulation should be directed to Robert Black, at

(202)622-6665, or at Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet, at *Robert.G.Black@irs.gov* . SUPPLEMENTARY INFORMATION: *Title:* Recharacterizing Financing Arrangements Involving Fast-Pay Stock. *OMB Number:* 1545-1642. *Regulation Project Number:* REG-104072-97. *Abstract:* Section 1.7701(l)-3 recharacterizes fast-pay arrangements. Certain participants in such arrangements must file a statement that includes the name of the corporation that issued the fast-pay stock, and (to the extent the filing taxpayer knows or has reason to know) the terms of the fast-pay stock, the date on which it was issued, and the names and taxpayer identification numbers of any shareholders of any class of stock that is not traded on an established securities market. *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. *Estimated Number of Respondents:* 50. *Estimated Time per Respondent:* 1 hour. *Estimated Total Annual Burden Hours:* 50. 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

(414)231-2360. SUPPLEMENTARY INFORMATION: Notice is hereby given pursuant to Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App.

(1988)that a meeting of the Area 5 Taxpayer Advocacy Panel will be held Tuesday, October 9, 2007, at 9:30 a.m. Central Time via a telephone conference call. You can submit written comments to the Panel by faxing to

(414)231-2363, or by mail to Taxpayer Advocacy Panel, Stop1006MIL, 211 West Wisconsin Avenue, Milwaukee, WI 53203-2221, or you can contact us at *www.improveirs.org* . Please contact Mary Ann Delzer at 1-888-912-1227 or

(414)231-2360 for dial-in information. The agenda will include the following: Various IRS issues. Dated: September 11, 2007. John Fay, Acting Director, Taxpayer Advocacy Panel. [FR Doc. E7-18287 Filed 9-14-07; 8:45 am] BILLING CODE 4830-01-P 72 179 Monday, September 17, 2007 Presidential Documents Title 3— The President Presidential Determination No. 2007-30 of August 31, 2007 Presidential Determination on Waiving Prohibition on United States Military Assistance With Respect to Montenegro Memorandum for the Secretary of State Consistent with the authority vested in me by section 2007 of the American Servicemembers' Protection Act of 2002, as amended (the “Act”), title II of Public Law 107-206 (22 U.S.C. 7421 *et seq* .), I hereby: • Determine that Montenegro has entered into an agreement with the United States pursuant to Article 98 of the Rome Statute preventing the International Criminal Court from proceeding against U.S. personnel present in such country; and • Waive the prohibition of section 2007(a) of the Act with respect to this country for as long as such agreement remains in force. You are authorized and directed to report this determination to the Congress and to arrange for its publication in the **Federal Register** . GWBOLD.EPS THE WHITE HOUSE, Washington, August 31, 2007. [FR Doc. 07-4616 Filed 9-14-07; 8:45 am]

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U.S. Code

3 references not yet in our index

Pub. L. 104-13
T.D. 8853
Pub. L. 107-206

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cites case law

Rules and Regulations

Notice and request for comments

U.S.C.§ 3506

U.S.C.§ 6103

U.S.C.§ 7421

Pub. L.Pub. L. 104-13

Treas. Dec.T.D. 8853

Pub. L.Pub. L. 107-206

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