[Federal Register Volume 69, Number 64 (Friday, April 2, 2004)]
[Notices]
[Pages 17473-17474]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-7522]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-251703-96]


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

[[Page 17474]]

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 final regulation, REG-251703-96 (TD 
8813), Residence of Trusts and Estates--7701 (Sec.  301.7701-7).

DATES: Written comments should be received on or before June 1, 2004 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 regulations should be directed to Carol Savage at 
Internal Revenue Service, room 6407, 1111 Constitution Avenue, NW., 
Washington, DC 20224, or at (202) 622-3945, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Residence of Trusts and Estates--7701.
    OMB Number: 1545-1600.
    Regulation Project Number: REG-251703-96.
    Abstract: This regulation provides the procedures and requirements 
for making the election to remain a domestic trust in accordance with 
section 1161 of the Taxpayer Relief Act of 1997. The information 
submitted by taxpayers will be used by the IRS to determine if a trust 
is a domestic trust or a foreign trust.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of the currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 222.
    Estimated Time Per Respondent: 31 minutes.
    Estimated Total Annual Burden Hours: 114.
    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 26, 2004.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 04-7522 Filed 4-1-04; 8:45 am]
BILLING CODE 4830-01-P