[Federal Register Volume 75, Number 112 (Friday, June 11, 2010)]
[Notices]
[Page 33383]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-14010]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[Regulation Section 1.6001-1]


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, regulation section 1.6001-1, Records.

DATES: Written comments should be received on or before August 10, 2010 
to be assured of consideration.

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

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulation section 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: Records (26 CFR 1.6001-1).
    OMB Number: 1545-1156.
    Regulation Project Number: Regulation section 1.6001-1.
    Abstract: Internal Revenue Code section 6001 requires, in part, 
that every person liable for tax, or for the collection of that tax, 
keep such records and comply with such rules and regulations as the 
Secretary (of the Treasury) may from time to time prescribe. It also 
allows the Secretary, in his or her judgment, to require any person to 
keep such records that are sufficient to show whether or not that 
person is liable for tax. Under regulation section 1.6001-1, in 
general, any person subject to tax, or any person required to file an 
information return, must keep permanent books of account or records, 
including inventories, that are sufficient to establish the amount of 
gross income, deductions, credits or other matters required to be shown 
by such person in any tax return or information return. Books and 
records are to be kept available for inspection by authorized internal 
revenue officers or employees and are to be retained so long as their 
contents any became material in the administration of any internal 
revenue law.
    Current Actions: There is no change to these existing regulations.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, and Business or other 
for-profit organizations, not-for-profit institutions, Farms, and 
Federal, State, Local or Tribal Governments.
    The recordkeeping burden in this regulation is already reflected in 
the burden of all tax forms.
    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 4, 2010.
Gerald J. Shields,
IRS Reports Clearance Officer.
[FR Doc. 2010-14010 Filed 6-10-10; 8:45 am]
BILLING CODE 4830-01-P