[Federal Register Volume 69, Number 198 (Thursday, October 14, 2004)]
[Notices]
[Page 61084]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-23090]



[[Page 61084]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2004-
59

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 2004-59; Offer to Resolve Issues Arising from Certain 
Tax, Withholding, and Reporting Obligations of U.S. Withholding Agents 
with Respect to Payments to Foreign Persons.

DATES: Written comments should be received on or before December 13, 
2004 to be assured of consideration.

ADDRESSES: Direct all written comments to Paul H. Finger, Internal 
Revenue Service, room 6512, 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 at 
Internal Revenue Service, room 6516, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202) 622-3945, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Offer to Resolve Issues Arising from Certain Tax, 
Withholding, and Reporting Obligations of U.S. Agents with Respect to 
Payments to Foreign Persons.
    OMB Number: 1545-1901.
    Revenue Procedure Number: Revenue Procedure 2004-59.
    Abstract: Revenue Procedure 2004-59 describes the section 1441 
Voluntary Compliance Program (``VCP''), which is available to certain 
withholding agents with respect to the payment, withholding, and 
reporting of certain taxes due on payments made to foreign persons.
    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: Business or other for-profit organizations.
    Estimated Number of Respondents: 500.
    Estimated Annual Average Time Per Respondent: 400 hours.
    Estimated Total Annual Hours: 200,000.
    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: October 8, 2004.
Paul H. Finger,
IRS Reports Clearance Officer.
[FR Doc. 04-23090 Filed 10-13-04; 8:45 am]
BILLING CODE 4830-01-P