[Federal Register Volume 79, Number 164 (Monday, August 25, 2014)]
[Notices]
[Pages 50738-50739]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-20170]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Notice 2005-41
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
Guidance Regarding Qualified Intellectual Property Contributions.
DATES: Written comments should be received on or before October 24,
2014 to be assured of consideration.
ADDRESSES: Direct all written comments to R. Joseph Durbala, 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 at Internal
Revenue Service, Room 6517, 1111 Constitution Avenue NW., Washington,
DC 20224, or through the internet, at [email protected].
[[Page 50739]]
SUPPLEMENTARY INFORMATION:
Title: Guidance Regarding Qualified Intellectual Property
Contributions.
OMB Number: 1545-1937.
Notice Number: Notice 2005-41.
Abstract: Notice 2005-41 explains new rules governing charitable
contributions of intellectual property made after June 3, 2004. The
notice explains the method by which a donor of qualified intellectual
property may notify the donee that the donor intends to treat the
contribution as a qualified donation under section 170(m). Donors of
qualified intellectual property will use the required notification as
evidence that they have satisfied the section 170(m) notification
requirement.
Current Actions: There are no changes being made to the notice at
this time.
Type of Review: Extension of currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 30.
Estimated Average Time per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 30.
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 14, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-20170 Filed 8-22-14; 8:45 am]
BILLING CODE 4830-01-P