[Federal Register Volume 70, Number 120 (Thursday, June 23, 2005)]
[Notices]
[Page 36465]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-3260]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-106876-00]


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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
existing final regulation, REG-106876-00 Revision of Income Tax 
Regulations under Sections 897, 1445, and 6109 to require use of 
Taxpayer Identifying Numbers on Submission under the Section 897 and 
1445 regualtions.

DATES: Written comments should be received on or before August 22, 
2005, to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn Kirkland, Internal 
Revenue Service, room 6512, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to Larnice Mack at 
Internal Revenue Service, Room 6512, 1111 Constitution Avenue, NW., 
Washington, DC 20224, or at (202)622-3179, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Revision of Income Tax Regulations under Section 897, 1445, 
and 6109 to require use of Taxpayer Identifying Numbers on Submission 
under the Section 897 and 1445 regulations.
    OMB Number: 1545-1797. Regulation Project Number: REG-106876-00.
    Abstract: The collection of information relates to applications for 
withholding certificates under Treas. Reg-1.1445-3 to be filed with the 
IRS with respect to (1) dispositions of U.S. real property interests 
that have been used by foreign persons as a principle residence within 
the prior 5 years and excluded from gross income under section 121 and 
(2) dispositions of U.S. real property interests by foreign persons in 
deferred like kind exchanges that qualify for nonreognition under 
section 1031.
    Current Actions: There are no changes to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households and Business or other 
for-profit.
    Estimated Total Annual Reporting Burden: 600.
    Estimated Average Annual Burden per Respondent: 4.
    Estimated Number of Respondents: 150.
    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: June 10, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-3260 Filed 6-22-05; 8:45 am]
BILLING CODE 4830-01-P