[Federal Register Volume 61, Number 32 (Thursday, February 15, 1996)]
[Notices]
[Pages 6060-6061]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-3501]



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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Agency Information Collection Activities; Comment Request

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. Currently, the IRS is soliciting 
comments concerning the following existing regulations: INTL-292-90 
(Regulation section 301.6114-1); INTL-361-89 (Regulation sections 
301.6114-1 and 301.6712-1); INTL-103-89 (Regulation sections 301.6114-
1T and 301.6712-1T); and INTL-121-90 (Regulation section 301.6114-
1(b)(8) and 301.7701(b)-7(a)(4)(iv)(C), Treaty-Based Return Positions.

DATES: Written comments should be received on or before April 15, 1996, 
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 5571, 1111 Constitution Avenue NW., Washington, 
DC 20224.

SUPPLEMENTARY INFORMATION:
    Title: Treaty-Based Return Positions.
    OMB Number: 1545-1126.
    Regulation Project Number: INTL-292-90 Final; INTL-361-89 Final; 
INTL-103-89 Temporary; and INTL-121-90 Notice of proposed rulemaking.
    Abstract: Regulation section 301.6114-1 sets forth reporting 
requirements under Code section 6114 relating to treaty-based return 
positions. Persons or entities subject to these reporting requirements 
must make the required disclosure on a statement attached to their 
return or be subject to a penalty. Section 301.7701(b)-7(a)(4)(iv)(C) 
sets forth the reporting requirement for dual resident S corporation 
shareholders who claim treaty benefits as nonresidents of the U.S. 
Persons subject to this reporting requirement must enter into an 
agreement with the S corporation to 

[[Page 6061]]
withhold tax pursuant to procedures prescribed by the Commissioner.
    Current Actions: There is no change to the collection of 
information in these existing regulations.
    Type of Review: Extension of OMB approval.
    Affected Public: Individuals and businesses or other for-profit 
organizations.
    Estimated Number of Respondents: 5,000.
    Estimated Time Per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 5,000 hours.
    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. Written comments should 
address the accuracy of the burden estimates and ways to minimize 
burden including the use of automated collection techniques or the use 
of other forms of information technology, as well as other relevant 
aspects of the information collection request.

    Approved: February 9, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-3501 Filed 2-14-96; 8:45 am]
BILLING CODE 4830-01-U-M