[Federal Register Volume 75, Number 133 (Tuesday, July 13, 2010)]
[Notices]
[Pages 40032-40033]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-16954]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-118926-97; T.D. 8817]
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-118926-97 (TD 8817), Notice of Certain
Transfers to Foreign Partnerships and Foreign Corporations (Sec.
1.6038B-1, 1.6038B-2).
DATES: Written comments should be received on or before September 13,
2010 to be assured of consideration.
ADDRESSES: Direct all written comments to Gerald J. Shields, 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 Joel Goldberger at
Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 927-9368, or through the Internet at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Notice of Certain Transfers to Foreign Partnerships and
Foreign Corporations.
OMB Number: 1545-1615.
Regulation Project Number: REG-118926-97. (T.D. 8817).
Abstract: Section 6038B requires U.S. persons to provide certain
information when they transfer property to a foreign partnership or
foreign corporation. This regulation provides reporting rules to
identify United States persons who contribute property to foreign
partnerships and to ensure the correct reporting of items with respect
to those partnerships.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations, and
individuals or households.
Estimated Number of Respondents: 1.
Estimated Time per Respondent: 1.
Estimated Total Annual Burden Hours: 1.
The collections of information contained in these final regulations
are in Sec. 1.6038B-1(b) and 1.6038B-2. The burden of complying with
the collection of information required to be reported on Form 8865 is
reflected in the burden for Form 8865. The burden of complying with the
collection of information required to be reported on Form 926 is
reflected in the burden for Form 926.
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.
[[Page 40033]]
Approved: July 2, 2010.
Gerald J. Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010-16954 Filed 7-12-10; 8:45 am]
BILLING CODE 4830-01-P