[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