[Federal Register Volume 73, Number 154 (Friday, August 8, 2008)]
[Notices]
[Pages 46360-46361]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-18219]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-116641-01, TD 9136 (Final); REG-163195-05 (NPRM)]


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

[[Page 46361]]

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 proposed and final regulations, REG-
116641-01, (TD 9136 (final)) and REG-163195-05 (NPRM), Information 
Reporting and Backup Withholding for Payment Card Transactions.

DATES: Written comments should be received on or before October 7, 2008 
to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn Kirkland, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

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

SUPPLEMENTARY INFORMATION:
    Title: Information Reporting and Backup Withholding for Payment 
Card Transactions.
    OMB Number: 1545-1819.
    Regulation Project Number: TD 9136.
    Abstract: This document contains proposed and final regulations 
relating to the information reporting requirements, information 
reporting penalties, and backup withholding requirements for payment 
card transactions. This document also contains final regulations 
relating to the IRS TIN Matching Program.
    Current Actions: As a result of the additional collection 
activities from the proposed regulations (REG-163195-05 (NPRM)), we are 
reporting a total burden increase of 25,489,570 hours.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Total Annual Reporting Burden: 37,239,570 hours.
    Estimated Average Annual Burden per Respondent: 1 hour 55 minutes.
    Estimated Number of Respondents: 31,254,000.
    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: August 4, 2008.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E8-18219 Filed 8-7-08; 8:45 am]
BILLING CODE 4830-01-P