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34358 Federal Register / Vol. 72, No.

119 / Thursday, June 21, 2007 / Notices

tax-exempt community and to identify DEPARTMENT OF THE TREASURY Estimated Total Annual Reporting
and resolve specific instances of non- Hours: 1,000.
compliance with the laws and Internal Revenue Service The following paragraph applies to all
regulations governing tax-exempt of the collections of information covered
organizations, employee pension plans, Proposed Collection; Comment by this notice:
tax-exempt bonds and governmental Request for Revenue Procedure 2001–
An agency may not conduct or
entities. 42
sponsor, and a person is not required to
Current Actions: There is no change AGENCY: Internal Revenue Service (IRS), respond to, a collection of information
in the paperwork burden previously Treasury. unless the collection of information
approved by OMB. This form is being ACTION: Notice and request for displays a valid OMB control number.
submitted for renewal purposes only. comments. Books or records relating to a collection
Type of Review: Extension of a of information must be retained as long
currently approved collection. SUMMARY: The Department of the as their contents may become material
Affected Public: Individuals and Treasury, as part of its continuing effort in the administration of any internal
Households, Businesses and other for- to reduce paperwork and respondent revenue law. Generally, tax returns and
profit organizations. burden, invites the general public and tax return information are confidential,
other Federal agencies to take this as required by 26 U.S.C. 6103.
Estimated Number of Respondents:
opportunity to comment on proposed Request for Comments: Comments
3,000.
and/or continuing information submitted in response to this notice will
Estimated Time per Respondent: 4 collections, as required by the be summarized and/or included in the
hours 10 minutes. Paperwork Reduction Act of 1995, request for OMB approval. All
Estimated Total Annual Burden Public Law 104–13 (44 U.S.C. comments will become a matter of
Hours: 12,500. 3506(c)(2)(A)). Currently, the IRS is public record. Comments are invited on:
The following paragraph applies to all soliciting comments concerning (a) Whether the collection of
of the collections of information covered Revenue Procedure 2001–42, Modified information is necessary for the proper
by this notice: Endowment Contract Correction performance of the functions of the
An agency may not conduct or Program Extension. agency, including whether the
sponsor, and a person is not required to DATES: Written comments should be information shall have practical utility;
respond to, a collection of information received on or before August 20, 2007 (b) the accuracy of the agency’s estimate
unless the collection of information to be assured of consideration. of the burden of the collection of
displays a valid OMB control number. ADDRESSES: Direct all written comments information; (c) ways to enhance the
Books or records relating to a collection to Glenn P. Kirkland, Internal Revenue quality, utility, and clarity of the
of information must be retained as long Service, room 6516, 1111 Constitution information to be collected; (d) ways to
as their contents may become material Avenue, NW., Washington, DC 20224. minimize the burden of the collection of
in the administration of any internal information on respondents, including
FOR FURTHER INFORMATION CONTACT:
revenue law. Generally, tax returns and through the use of automated collection
Requests for additional information or
tax return information are confidential, techniques or other forms of information
copies of the revenue procedure should
as required by 26 U.S.C. 6103. technology; and (e) estimates of capital
be directed to Carolyn N. Brown, (202)
Request for Comments: Comments or start-up costs and costs of operation,
622–6688, or at Internal Revenue
submitted in response to this notice will maintenance, and purchase of services
Service, room 6516, 1111 Constitution
be summarized and/or included in the to provide information.
Avenue, NW., Washington, DC 20224 or
request for OMB approval. All through the Internet, at Approved: June 13, 2007.
comments will become a matter of Carolyn.N.Brown@irs.gov. Larnice Mack,
public record. Comments are invited on: IRS Reports Clearance Officer.
(a) Whether the collection of SUPPLEMENTARY INFORMATION:
Title: Modified Endowment Contract [FR Doc. E7–11977 Filed 6–20–07; 8:45 am]
information is necessary for the proper
performance of the functions of the Correction Program Extension. BILLING CODE 4830–01–P

agency, including whether the OMB Number: 1545–1752.


information shall have practical utility; Revenue Procedure Number: Revenue
Procedure 2001–42. DEPARTMENT OF THE TREASURY
(b) the accuracy of the agency’s estimate
of the burden of the collection of Abstract: Revenue Procedure 2001–42 Internal Revenue Service
information; (c) ways to enhance the allows issuers of life insurance contracts
quality, utility, and clarity of the whose contracts have failed to meet the Open Meeting of the Taxpayer
information to be collected; (d) ways to tests provided in section 7702A of the Assistance Center Committee of the
minimize the burden of the collection of Internal Revenue Code to cure these Taxpayer Advocacy Panel
information on respondents, including contracts that have inadvertently
through the use of automated collection become modified endowment contracts. AGENCY: Internal Revenue Service (IRS),
techniques or other forms of information Current Actions: There are no changes Treasury.
technology; and (e) estimates of capital being made to the revenue procedure at ACTION: Notice.
or start-up costs and costs of operation, this time.
maintenance, and purchase of services Type of Review: Extension of a SUMMARY: An open meeting of the
to provide information. currently approved collection. Taxpayer Assistance Center Committee
Affected Public: Business or other for- of the Taxpayer Advocacy Panel will be
jlentini on PROD1PC65 with NOTICES

Approved: June 11, 2007. profit organizations. conducted in Denver, Colorado. The
R. Joseph Durbala, Estimated Number of Respondents: Taxpayer Advocacy Panel (TAP) is
IRS Reports Clearance Officer. 10. soliciting public comments, ideas, and
[FR Doc. E7–11976 Filed 6–20–07; 8:45 am] Estimated Average Time per suggestions on improving customer
BILLING CODE 4830–01–P Respondent: 100 hours. service at the Internal Revenue Service.

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