[Federal Register Volume 73, Number 79 (Wednesday, April 23, 2008)]
[Notices]
[Pages 22011-22012]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-8837]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[TD 9270]


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 
the existing final rulemaking, TD 9270, Reporting of Gross Proceeds 
Payment to Attorneys.

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 Ave., NW., Washington, DC 
20224.

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

SUPPLEMENTARY INFORMATION: Title: Reporting of Gross Proceeds Payment 
to Attorneys.
    OMB Number: 1545-1644.
    Regulation Project Number: TD 9270.
    Abstract: This document contains final regulations relating to the 
reporting of payments of gross proceeds to attorneys. The regulations 
reflect changes to the law made by the Taxpayer Relief Act of 1997 
(1997 Act). The final regulations will affect attorneys who receive 
payments of gross proceeds on behalf of their clients and will affect 
certain payors (for example, defendants in lawsuits and their insurance 
companies and agents) that,

[[Page 22012]]

in the course of their trades or businesses, make payments to these 
attorneys.
    Current Actions: There is no change to this proposed regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, not-
for-profit institutions and Federal, state, local or tribal 
governments.
    The burden is reflected in the burden of Form 1099-MISC.
    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: April 14, 2008.
Allan Hopkins,
IRS Reports Clearance Officer.
 [FR Doc. E8-8837 Filed 4-22-08; 8:45 am]
BILLING CODE 4830-01-P