[Federal Register Volume 73, Number 79 (Wednesday, April 23, 2008)]
[Notices]
[Pages 22006-22007]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-8818]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2002-
32 and Revenue Procedure 2006-21

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 2002-32, Waiver of 60-month Bar on Reconsolidation 
after Disaffiliation and Revenue Procedure 2006-21, Revenue Procedure 
to eliminate impediments to e-filing consolidated returns and reduce 
reporting requirements.

DATES: Written comments should be received on or before June 23, 2008 
to be assured of consideration.

ADDRESSES: Direct all written comments to Allan Hopkins, Internal 
Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of revenue procedure should be directed to R. Joseph Durbala, at 
(202) 622-3634, or at Internal Revenue Service, room 6129, 1111 
Constitution Avenue, NW., Washington, DC 20224, or through the 
Internet, at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: 2002-32, Waiver of 60-month Bar on Reconsolidation after 
Disaffiliation; 2006-21, Revenue Procedure to eliminate impediments to 
e-filing consolidated returns and reduce reporting requirements.
    OMB Number: 1545-1784.
    Revenue Procedure Number: 2002-32 and 2006-21.
    Abstract: Revenue Procedure 2002-32 provides qualifying taxpayers 
with a waiver of the general rule of Sec.  1504(a)(3)(A) of the 
Internal Revenue Code barring corporations from filing consolidated 
returns as a member of a group of which it had been a member for 60 
months following the year of disaffiliation; Revenue Procedure 2006-21 
modifies Rev. Proc. 89-56, 1989-2 C.B. 643, Rev. Proc. 90-39, 1990-2 
C.B. 365, and Rev. Proc. 2002-32, 2002-1 C.B. 959, to eliminate 
impediments to the electronic filing of Federal income tax returns (e-
filing) and to reduce the reporting requirements in each of these 
revenue procedures.
    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: 20.
    The estimated annual burden per respondent varies from 2 hours to 8 
hours, depending on individual circumstances, with an estimated average 
of 5 hours.
    Estimated total annual reporting burden: 100.
    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;

[[Page 22007]]

(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: April 14, 2008.
Allan Hopkins,
OMB Reports Clearance Officer.
 [FR Doc. E8-8818 Filed 4-22-08; 8:45 am]
BILLING CODE 4830-01-P