[Federal Register Volume 71, Number 25 (Tuesday, February 7, 2006)]
[Notices]
[Page 6311]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-1600]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-139768-02]


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 an 
existing final regulation, REG-139768-02 (TD 9134), Excise Tax Relating 
to Structured Settlement Factoring Transactions.

DATES: Written comments should be received on or before April 10, 2006 
to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn Kirkland, Internal 
Revenue Service, room 6516, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulation should be directed to Allan Hopkins, at (202) 
622-6665, or at Internal Revenue Service, room 6516, 1111 Constitution 
Avenue, NW., Washington, DC 20224, or through the Internet, at 
[email protected].

SUPPLEMENTARY INFORMATION:

    Title: Excise Tax Relating to Structured Settlement Factoring 
Transactions.
    OMB Number: 1545-1824.
    Regulation Project Number: REG-139768-02.
    Abstract: The regulations provide rules relating to the manner and 
method of reporting and paying the 40 percent excise tax imposed by 
section 5891 of the Internal Revenue Code with respect to acquiring of 
structured payment rights.
    Current Actions: This regulation has gone final.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations, 
individuals or households.
    Estimated Number of Respondents: 4.
    Estimated Time Per Respondent: 30 min.
    Estimated Total Annual Burden Hours: 2.
    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 26, 2006.
Glenn Kirkland,
IRS Reports Clearance Officer.
 [FR Doc. E6-1600 Filed 2-6-06; 8:45 am]
BILLING CODE 4830-01-P