[Federal Register Volume 67, Number 64 (Wednesday, April 3, 2002)]
[Notices]
[Page 15853]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-8075]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2002-
23

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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Revenue Procedure 2002-23, Taxation of Canadian Retirement Plans Under 
U.S.-Canada Income Tax Treaty.

DATES: Written comments should be received on or before June 3, 2002 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal 
Revenue Service, room 6411, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the revenue procedure should be directed to Carol Savage, 
(202) 622-3945, or through the Internet ([email protected].), 
Internal Revenue Service, room 6407, 1111 Constitution Avenue, NW., 
Washington, DC 20224.

SUPPLEMENTARY INFORMATION: Title: Taxation of Canadian Retirement Plans 
Under U.S.-Canada Income Tax Treaty.
    OMB Number: 1545-1773.
    Revenue Procedure Number: Revenue Procedure 2002-23.
    Abstract: Revenue Procedure 2002-23 provides guidance for the 
application by U.S. citizens and residents of the U.S.-Canada Income 
Tax Treaty, as amended by the 1995 protocol, in order to defer U.S. 
Income taxes on income accrued in certain Canadian retirement plans.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 20,000.
    Estimated Average Time Per Respondent: 30 minutes.
    Estimated Total Annual Reporting Hours: 10,000.
    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: March 27, 2002.
George Freeland,
IRS Reports Clearance Officer.
[FR Doc. 02-8075 Filed 4-2-02; 8:45 am]
BILLING CODE 4830-01-P