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Federal Register / Vol. 72, No.

151 / Tuesday, August 7, 2007 / Notices 44223

Estimated Total Annual Burden and/or continuing information in the administration of any internal
Hours: 41. collections, as required by the revenue law. Generally, tax returns and
The following paragraph applies to all Paperwork Reduction Act of 1995, tax return information are confidential,
of the collections of information covered Public Law 104–13 (44 U.S.C. as required by 26 U.S.C. 6103.
by this notice: 3506(c)(2)(A)). Currently, the IRS is Request for Comments: Comments
An agency may not conduct or soliciting comments concerning an submitted in response to this notice will
sponsor, and a person is not required to existing final regulation, IA–33–92 (TD be summarized and/or included in the
respond to, a collection of information 8507), Information Reporting for request for OMB approval. All
unless the collection of information Reimbursements of Interest on Qualified comments will become a matter of
displays a valid OMB control number. Mortgages (§ 1.6050H–2). public record. Comments are invited on:
Books or records relating to a collection DATES: Written comments should be (a) Whether the collection of
of information must be retained as long received on or before October 9, 2007 to information is necessary for the proper
as their contents may become material be assured of consideration. performance of the functions of the
in the administration of any internal agency, including whether the
ADDRESSES: Direct all written comments
revenue law. Generally, tax returns and information shall have practical utility;
to R. Joseph Durbala, Internal Revenue
tax return information are confidential, (b) the accuracy of the agency’s estimate
Service, Room 6516, 1111 Constitution
as required by 26 U.S.C. 6103. of the burden of the collection of
Avenue, NW., Washington, DC 20224.
Request for Comments: Comments information; (c) ways to enhance the
FOR FURTHER INFORMATION CONTACT: quality, utility, and clarity of the
submitted in response to this notice will Requests for additional information or
be summarized and/or included in the information to be collected; (d) ways to
copies of the regulation should be minimize the burden of the collection of
request for OMB approval. All directed to Carolyn N. Brown, at (202)
comments will become a matter of information on respondents, including
622–6688, or at Internal Revenue through the use of automated collection
public record. Service, Room 6516, 1111 Constitution
Comments are invited on: (a) Whether techniques or other forms of information
Avenue, NW., Washington, DC 20224, technology; and (e) estimates of capital
the collection of information is or through the Internet, at
necessary for the proper performance of or start-up costs and costs of operation,
Carolyn.N.Brown@irs.gov. maintenance, and purchase of services
the functions of the agency, including
whether the information shall have SUPPLEMENTARY INFORMATION: to provide information.
practical utility; (b) the accuracy of the Title: Information Reporting for Approved: July 24, 2007.
agency’s estimate of the burden of the Reimbursements of Interest on Qualified R. Joseph Durbala,
collection of information; (c) ways to Mortgages. IRS Reports Clearance Officer.
enhance the quality, utility, and clarity OMB Number: 1545–1339.
Regulation Project Number: IA–33– [FR Doc. E7–15256 Filed 8–6–07; 8:45 am]
of the information to be collected; (d) BILLING CODE 4830–01–P
ways to minimize the burden of the 92.
Abstract: Section 6050H of the
collection of information on
Internal Revenue Code relates to the
respondents, including through the use DEPARTMENT OF THE TREASURY
information reporting requirements for
of automated collection techniques or
reimbursements of interest paid in Internal Revenue Service
other forms of information technology;
connection with a qualified mortgage.
and (e) estimates of capital or start-up
This information is required by the Proposed Collection; Comment
costs and costs of operation,
Internal Revenue Service to encourage Request for Form 8886–T
maintenance, and purchase of services
compliance with the tax laws relating to
to provide information. AGENCY: Internal Revenue Service (IRS),
the deductibility of payments of
Approved: July 23, 2007 mortgage interest. The information is Treasury.
R. Joseph Durbala, used to determine whether mortgage ACTION: Notice and request for
IRS Reports Clearance Officer. interest reimbursements have been comments.
[FR Doc. E7–15247 Filed 8–6–07; 8:45 am] correctly reported on the tax return of SUMMARY: The Department of the
BILLING CODE 4830–01–P the taxpayer who receives the Treasury, as part of its continuing effort
reimbursement. to reduce paperwork and respondent
Current Actions: There is no change to
burden, invites the general public and
DEPARTMENT OF THE TREASURY this existing regulation.
Type of Review: Extension of a other Federal agencies to take this
Internal Revenue Service currently approved collection. opportunity to comment on proposed
Affected Public: Business or other for- and/or continuing information
[IA–33–92]
profit organizations. collections, as required by the
The burden for the collection of Paperwork Reduction Act of 1995,
Proposed Collection: Comment Public Law 104–13 (44 U.S.C.
Request for Regulation Project information is reflected in the burden of
Form 1098, Mortgage Interest Statement. 3506(c)(2)(A)). Currently, the IRS is
AGENCY: Internal Revenue Service (IRS), The following paragraph applies to all soliciting comments concerning Form
Treasury. of the collections of information covered 8886–T, Disclosure by Tax-Exempt
by this notice. Entity Regarding Prohibited Tax Shelter
ACTION: Notice and request for
An agency may not conduct or Transaction.
comments.
sponsor, and a person is not required to DATES: Written comments should be
SUMMARY: The Department of the respond to, a collection of information received on or before October 9, 2007 to
jlentini on PROD1PC65 with NOTICES

Treasury, as part of its continuing effort unless the collection of information be assured of consideration.
to reduce paperwork and respondent displays a valid OMB control number. ADDRESSES: Direct all written comments
burden, invites the general public and Books or records relating to a collection to R. Joseph Durbala, Internal Revenue
other Federal agencies to take this of information must be retained as long Service, room 6516, 1111 Constitution
opportunity to comment on proposed as their contents may become material Avenue, NW., Washington, DC 20224.

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44224 Federal Register / Vol. 72, No. 151 / Tuesday, August 7, 2007 / Notices

FOR FURTHER INFORMATION CONTACT: through the use of automated collection transactions involving the transfer of
Requests for additional information or techniques or other forms of information computer programs. This regulation
copies of the form and instructions technology; and (e) estimates of capital grants the taxpayer consent to change its
should be directed to Carolyn N. Brown, or start-up costs and costs of operation, method of accounting for such
(202) 622–6688, at Internal Revenue maintenance, and purchase of services transactions by filing Form 3115 with its
Service, room 6516, 1111 Constitution to provide information. original return for the year of change.
Avenue, NW., Washington, DC 20224, Approved: July 26, 2007. Current Actions: There is no change to
or through the internet at R. Joseph Durbala,
Carolyn.N.Brown@irs.gov this existing regulation.
IRS Reports Clearance Officer. Type of Review: Extension of a
SUPPLEMENTARY INFORMATION: [FR Doc. E7–15257 Filed 8–6–07; 8:45 am]
Title: Disclosure by Tax-Exempt currently approved collection.
BILLING CODE 4830–01–P
Entity Regarding Prohibited Tax Shelter Affected Public: Business or other for-
Transaction. profit organizations.
OMB Number: 1545–2078. DEPARTMENT OF THE TREASURY The burden for the collection of
Form Number: Form 8886–T. information in this regulation is
Abstract: Certain tax-exempt entities Internal Revenue Service reflected in the burden of Form 3115.
are required to file Form 8886–T to
[REG–251520–96] The following paragraph applies to all
disclose information for each prohibited
tax shelter transaction to which the of the collections of information covered
Proposed Collection; Comment by this notice:
entity was a party. Request for Regulation Project
Current Actions: There is no change An agency may not conduct or
in the paperwork burden previously AGENCY: Internal Revenue Service (IRS), sponsor, and a person is not required to
approved by OMB. This form is being Treasury. respond to, a collection of information
submitted for renewal purposes only. ACTION: Notice and request for unless the collection of information
Type of Review: Extension of a comments. displays a valid OMB control number.
currently approved collection. Books or records relating to a collection
Affected Public: Businesses and other SUMMARY: The Department of the
of information must be retained as long
for-profit organizations, State, Local or Treasury, as part of its continuing effort
as their contents may become material
Tribal Government. to reduce paperwork and respondent
in the administration of any internal
Estimated Number of Respondents: burden, invites the general public and
other Federal agencies to take this revenue law. Generally, tax returns and
6,500.
Estimated Time per Respondent: 8 opportunity to comment on proposed tax return information are confidential,
hours, 36 minutes. and/or continuing information as required by 26 U.S.C. 6103.
Estimated Total Annual Burden collections, as required by the Request for Comments: Comments
Hours: 55,900. Paperwork Reduction Act of 1995, submitted in response to this notice will
The following paragraph applies to all Public Law 104–13 (44 U.S.C. be summarized and/or included in the
of the collections of information covered 3506(c)(2)(A)). Currently, the IRS is request for OMB approval. All
by this notice: soliciting comments concerning an comments will become a matter of
An agency may not conduct or existing final regulation, REG–251520– public record. Comments are invited on:
sponsor, and a person is not required to 96 (TD 8785), Classification of Certain (a) Whether the collection of
respond to, a collection of information Transactions Involving Computer information is necessary for the proper
unless the collection of information Programs (§ 1.861–18). performance of the functions of the
displays a valid OMB control number. DATES: Written comments should be agency, including whether the
Books or records relating to a collection received on or before October 9, 2007 to information shall have practical utility;
of information must be retained as long be assured of consideration. (b) the accuracy of the agency’s estimate
as their contents may become material ADDRESSES: Direct all written comments of the burden of the collection of
in the administration of any internal to R. Joseph Durbala, Internal Revenue information; (c) ways to enhance the
revenue law. Generally, tax returns and Service, Room 6516, 1111 Constitution quality, utility, and clarity of the
tax return information are confidential, Avenue, NW., Washington, DC 20224.
as required by 26 U.S.C. 6103. information to be collected; (d) ways to
Request for Comments: Comments FOR FURTHER INFORMATION CONTACT: minimize the burden of the collection of
submitted in response to this notice will Requests for additional information or information on respondents, including
be summarized and/or included in the copies of the information collection through the use of automated collection
request for OMB approval. All should be directed to Carolyn N. Brown, techniques or other forms of information
comments will become a matter of at (202) 622–6688, or at Internal technology; and (e) estimates of capital
public record. Comments are invited on: Revenue Service, Room 6516, 1111 or start-up costs and costs of operation,
(a) Whether the collection of Constitution Avenue, NW., Washington, maintenance, and purchase of services
information is necessary for the proper DC 20224, or through the internet, at to provide information.
performance of the functions of the Carolyn.N.Brown@irs.gov.
Approved: July 24, 2007.
agency, including whether the SUPPLEMENTARY INFORMATION:
R. Joseph Durbala,
information shall have practical utility; Title: Classification of Certain
(b) the accuracy of the agency’s estimate Transactions Involving Computer IRS Reports Clearance Officer.
of the burden of the collection of Programs. [FR Doc. E7–15261 Filed 8–6–07; 8:45 am]
jlentini on PROD1PC65 with NOTICES

information; (c) ways to enhance the OMB Number: 1545–1594. BILLING CODE 4830–01–P
quality, utility, and clarity of the Regulation Project Number: REG–
information to be collected; (d) ways to 251520–96.
minimize the burden of the collection of Abstract: Section 1.861–18 of this
information on respondents, including regulation provides rules for classifying

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