[Federal Register Volume 76, Number 143 (Tuesday, July 26, 2011)]
[Notices]
[Pages 44656-44657]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-18768]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure(s)
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
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)). The IRS is soliciting comments concerning information
collection requirements related to waiver of 60-month bar on
reconsolidation after disaffililiation and procedure to eliminate
impediments to e-filing consolidated returns and reduce reporting
requirements.
DATES: Written comments should be received on or before September 26,
2011 to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette B. Lawrence, 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 Joel Goldberger at
(202) 927-9368, or at Internal Revenue Service, room 6129, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the
Internet, at [email protected].
SUPPLEMENTARY INFORMATION: Title: Revenue Procedure 2002-32, Waiver of
60-Month Bar on Reconsolidation after Disaffiliation; Revenue Procedure
2006-21, to Eliminate Impediments to E-Filing Consolidated Returns and
Reduce Reporting Requirements.
OMB Number: 1545-1784.
Revenue Procedure Numbers: 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, 2002-20 IRB p.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; (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
[[Page 44657]]
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: July 8, 2011.
Yvette B. Lawrence,
OMB Reports Clearance Officer.
[FR Doc. 2011-18768 Filed 7-25-11; 8:45 am]
BILLING CODE 4830-01-P