[Federal Register Volume 82, Number 248 (Thursday, December 28, 2017)]
[Notices]
[Pages 61668-61669]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-28040]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Regulation Project
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Internal Revenue Service, 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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning
changes in periods of accounting.
DATES: Written comments should be received on or before February 26,
2018 to be assured of consideration.
ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue
Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the revenue procedure should be directed to Kerry Dennis, at
(202) 317-5751 or Internal Revenue Service, Room 6529, 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.
Form Number: 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 organizations,
individuals or households, and farms.
[[Page 61669]]
Estimated Number of Respondents: 800.
Estimated Time per Respondent: 53 minutes.
Estimated Total Annual Burden Hours: 700.
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: November 29, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-28040 Filed 12-27-17; 8:45 am]
BILLING CODE 4830-01-P