[Federal Register Volume 67, Number 23 (Monday, February 4, 2002)]
[Notices]
[Page 5146]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-2623]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-209060-86]


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, Pub. L. 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an 
existing notice of final regulation, REG-209060-86 (TD 8851), Return 
Requirement for United States Persons Acquiring or Disposing of an 
Interest in a Foreign Partnership, or Whose Proportional Interest in a 
Foreign Partnership Changes (section 1.6046-A).

DATES: Written comments should be received on or before April 5, 2002, 
to be assured of consideration.

ADDRESSES: Direct all written comments to George Freeland, Internal 
Revenue Service, room 5575, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this regulation should be directed to Allan Hopkins, (202) 
622-6665, or through the Internet ([email protected]), Internal 
Revenue Service, room 5244, 1111 Constitution Avenue NW., Washington, 
DC 20224.

SUPPLEMENTARY INFORMATION:
    Title: Return Requirement for United States Persons Acquiring or 
Disposing of an Interest in a Foreign Partnership, or Whose 
Proportional Interest in a Foreign Partnership Changes.
    OMB Number: 1545-1646.
    Regulation Project Number: REG-209060-86.
    Abstract: Section 6046A requires U.S. persons to provide certain 
information with respect to the acquisition or disposition of a 10-
percent interest in, or a 10-percent change in ownership of, a foreign 
partnership. This regulation provides reporting rules to identify U.S. 
persons with significant interests in foreign partnerships to ensure 
the correct reporting of items with respect to these interests.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, 
Individuals or households and not-for-profit institutions.
    The burden is reflected in the burden of Form 8865.
    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: January 25, 2002.
George Freeland,
IRS Reports Clearance Officer.
[FR Doc. 02-2623 Filed 2-1-02; 8:45 am]
BILLING CODE 4830-01-P