[Federal Register Volume 79, Number 176 (Thursday, September 11, 2014)]
[Notices]
[Pages 54350-54351]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-21602]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedures 2003-
79, 2007-64, and 2006-46
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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[[Page 54351]]
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
Revenue Procedures 2003-79, 2007-64, 2006-46, Changes in Periods of
Accounting.
DATES: Written comments should be received on or before November 10,
2014 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 revenue procedures should be directed to R. Joseph Durbala,
(202) 622-3634, Internal Revenue Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or through the internet at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Changes in Periods of Accounting.
OMB Number: 1545-1786.
Revenue Procedure Numbers: Revenue Procedures 2003-79, 2007-64, and
2006-46.
Abstract: Revenue Procedures 2003-79, 2007-64, and 2006-46, provide
the comprehensive administrative rules and guidance, for affected
taxpayers adopting, changing, or retaining annual accounting periods,
for federal income tax purposes. In order to determine whether a
taxpayer has properly adopted, changed to, or retained an annual
accounting period, certain information regarding the taxpayer's
qualification for and use of the requested annual accounting period is
required. The revenue procedures request the information necessary to
make that determination when the information is not otherwise
available.
Current Actions: There are no changes being made to these revenue
procedures at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organization,
individuals, not-for-profit institutions and farms.
Estimated Number of Respondents: 800.
Estimated Average Time per Respondent: 53 minutes.
Estimated Total Annual Burden Hours: 700.
Also, the burden is reflected in the burdens of Forms 1128 and
2553.
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: September 3, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-21602 Filed 9-10-14; 8:45 am]
BILLING CODE 4830-01-P