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Code · REGISTER · 2011-11-30 · Internal Revenue Service (IRS), Treasury · Rules and Regulations

Rules and Regulations. Notice and request for comments

563 words·~3 min read·/register/2011/11/30/2011-30791

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BILLING CODE 4830-01-P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Revenue Procedure 97-15 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 Section 103—Remedial Payment Closing Agreement Program. DATES: Written comments should be received on or before January 30, 2012 to be assured of consideration. ADDRESSES: Direct all written comments to Yvette B. Lawrence, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to Elaine Christophe at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or at
(202)622-3179, or through the Internet at *(Elaine.H.Christophe@irs.gov).* SUPPLEMENTARY INFORMATION: *Title:* Section 103-Remedial Payment Closing Agreement Program. *OMB Number:* 1545-1528. *Revenue Procedure Number:* Revenue Procedure 97-15. *Abstract:* This information is required by the Internal Revenue Service to verify compliance with sections 57, 103, 142, 144, 145, and 147 of the Internal Revenue Code of 1986, as applicable (including any corresponding provision, if any, of the Internal Revenue Code of 1954). This information will be used by the Service to enter into a closing agreement with the issuer of certain state or local bonds to establish the closing agreement amount. *Current Actions:* There are no changes being made to the information collection at this time. *Type of Review:* Extension of a currently approved collection. *Affected Public:* State, local or tribal government, and not-for-profit institutions. *Estimated Number of Respondents:* 50. *Estimated Time per Respondent:* 1 hour, 30 minutes. *Estimated Total Annual Burden Hours:* 75. The following paragraph applies to all 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: November 14, 2011. Yvette B. Lawrence, IRS Reports Clearance Officer. [FR Doc. 2011-30791 Filed 11-29-11; 8:45 am]
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  • Pub. L. 104-13
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