[Federal Register Volume 80, Number 161 (Thursday, August 20, 2015)]
[Notices]
[Page 50717]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-20567]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 2006-47

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, Pub. L. 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Notice 2006-47, Elections Created of Effected by the American Jobs 
Creation Act of 2004.

DATES: Written comments should be received on or before October 19, 
2015 to be assured of consideration.

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

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of notice should be directed to LaNita Van Dyke, or at Internal 
Revenue Service, Room 6517, 1111 Constitution Avenue NW., Washington, 
DC 20224, or through the internet, at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Elections Created or Effected by the American Jobs Creation 
Act of 2004.
    OMB Number: 1545-1986.
    Notice Number: Notice 2006-47.
    Abstract: The American Jobs Creation Act of 2004, Pub. L. 108-357, 
118 Stat. 1418 (the Act), created various elections and permits 
taxpayers to revoke certain elections that are currently in effect in 
light of changes made by the Act. The collection of information is 
necessary to inform the Internal Revenue Service that an election is 
being made or revoked. This notice will enable the Internal Revenue 
Service to ensure that the eligibility requirements for the various 
elections or revocations have been satisfied; verify that the requisite 
computations, allocations, etc. have been made correctly; and 
appropriately monitor whether any required collateral actions relating 
to the elections or revocations have been complied with. Current 
Actions: There are no changes being made to the notice at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
not-for-profit institutions.
    Estimated Number of Respondents: 150,000.
    Estimated Average Time per Respondent: 5 min.
    Estimated Total Annual Burden Hours: 12,765.
    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 12, 2015.
Allan Hopkins,
IRS Reports Clearance Officer.
[FR Doc. 2015-20567 Filed 8-19-15; 8:45 am]
BILLING CODE 4830-01-P