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Request for Revenue Procedure 2002– Estimated Total Annual Burden collections, as required by the
47 Hours: 56,272. Paperwork Reduction Act of 1995,
The following paragraph applies to all Public Law 104–13 (44 U.S.C.
AGENCY: Internal Revenue Service (IRS), of the collections of information covered 3506(c)(2)(A)). Currently, the IRS is
Treasury. by this notice: soliciting comments concerning existing
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Federal Register / Vol. 71, No. 21 / Wednesday, February 1, 2006 / Notices 5417
final regulations, FI–7–94 (TD 8718; TD revenue law. Generally, tax returns and copies of the form and instructions
8538) and FI–36–92 (TD 8476), tax return information are confidential, should be directed to R. Joseph Durbala,
Arbitrage Restrictions on Tax-Exempt as required by 26 U.S.C. 6103. (202) 622–3634, at Internal Revenue
Bonds (Sections 1.148–2, 1.148–3, Request for Comments: Comments Service, room 6516, 1111 Constitution
1.148–4, 1.148–7, and 1.148–11). submitted in response to this notice will Avenue, NW., Washington, DC 20224,
DATES: Written comments should be be summarized and/or included in the or through the Internet at
received on or before April 3, 2006 to request for OMB approval. All RJoseph.Durbala@irs.gov.
be assured of consideration. comments will become a matter of SUPPLEMENTARY INFORMATION:
ADDRESSES: Direct all written comments public record. Comments are invited on: Title: Supplemental Income and Loss.
to Glenn P. Kirkland, Internal Revenue (a) Whether the collection of OMB Number: 1545–1972.
Service, room 6516, 1111 Constitution information is necessary for the proper Form Number: Schedule E (Form
Avenue, NW., Washington, DC 20224. performance of the functions of the 1040).
agency, including whether the Abstract: Schedule E (Form 1040) is
FOR FURTHER INFORMATION CONTACT:
information shall have practical utility; used by individuals to report their
Requests for additional information or
(b) the accuracy of the agency’s estimate Supplemental Income. The data is used
copies of regulations should be directed
of the burden of the collection of to verify that the items reported on the
to Allan Hopkins, at (202) 622–6665, or
information; (c) ways to enhance the form are correct and also for general
at Internal Revenue Service, room 6516,
quality, utility, and clarity of the statistical use.
1111 Constitution Avenue, NW.,
information to be collected; (d) ways to Current Actions: There is no change
Washington, DC 20224, or through the
minimize the burden of the collection of in the paperwork burden previously
internet, at Allan.M.Hopkins@irs.gov.
collection techniques or other forms of approved by OMB. This form is being
SUPPLEMENTARY INFORMATION: information technology; and (e)
Title: Arbitrage Restrictions on Tax- submitted for renewal purposes only.
estimates of capital or start-up costs and Type of Review: Extension of a
Exempt Bonds. costs of operation, maintenance, and
OMB Number: 1545–1347. currently approved collection.
purchase of services to provide Affected Public: Businesses and other
Regulation Project Numbers: FI–36–
information. for-profit organizations.
92; FI–7–94.
Abstract: Section 148 of the Internal Approved: January 18, 2006. Estimated Number of Respondents:
Revenue Code requires issuers of tax- Glenn P. Kirkland, 45,463.
exempt bonds to rebate certain arbitrage IRS Reports Clearance Officer. Estimated Time Per Respondent: 6
profits earned on nonpurpose [FR Doc. E6–1278 Filed 1–31–06; 8:45 am] hours 16 minutes.
investments acquired with the bond Estimated Total Annual Burden
BILLING CODE 4830–01–P
proceeds. Under FI–36–92, issuers are Hours: 284,599.
required to file a Form 8038–T and The following paragraph applies to all
remit the rebate. DEPARTMENT OF THE TREASURY of the collections of information covered
Issuers are also required to keep by this notice:
records of certain interest rate hedges so Internal Revenue Service An agency may not conduct or
that the hedges are taken into account sponsor, and a person is not required to
in determining arbitrage profits. Under Proposed Collection; Comment respond to, a collection of information
FI–7–94, the scope of interest rate Request for Schedule E (Form 1040) unless the collection of information
hedging transactions covered by the displays a valid OMB control number.
AGENCY: Internal Revenue Service (IRS),
arbitrage regulations was broadened by Books or records relating to a collection
Treasury.
requiring that hedges entered into prior of information must be retained as long
ACTION: Notice and request for as their contents may become material
to the sale date of the bonds are covered
comments. in the administration of any internal
as well.
Current Actions: There is no change to SUMMARY: The Department of the
revenue law. Generally, tax returns and
these existing regulations. Treasury, as part of its continuing effort tax return information are confidential,
Type of Review: Extension of a to reduce paperwork and respondent as required by 26 U.S.C. 6103.
currently approved collection. burden, invites the general public and Request for Comments: Comments
Affected Public: State, local or tribal other Federal agencies to take this submitted in response to this notice will
governments. opportunity to comment on proposed be summarized and/or included in the
Estimated Number of Respondents: and/or continuing information request for OMB approval. All
3,100. collections, as required by the comments will become a matter of
Estimated Time per Respondent: 14 Paperwork Reduction Act of 1995, public record. Comments are invited on:
hr., 34 min. Public Law 104–13 (44 U.S.C. (a) Whether the collection of
Estimated Total Annual Burden 3506(c)(2)(A)). Currently, the IRS is information is necessary for the proper
Hours: 42,050. soliciting comments concerning performance of the functions of the
The following paragraph applies to all Schedule E (Form 1040), Supplemental agency, including whether the
of the collections of information covered Income and Loss. information shall have practical utility;
by this notice: (b) the accuracy of the agency’s estimate
DATES: Written comments should be
An agency may not conduct or of the burden of the collection of
sponsor, and a person is not required to received on or before April 3, 2006 to information; (c) ways to enhance the
respond to, a collection of information be assured of consideration. quality, utility, and clarity of the
unless the collection of information ADDRESSES: Direct all written comments information to be collected; (d) ways to
cchase on PROD1PC60 with NOTICES
displays a valid OMB control number. to Glenn P. Kirkland, Internal Revenue minimize the burden of the collection of
Books or records relating to a collection Service, room 6516, 1111 Constitution information on respondents, including
of information must be retained as long Avenue, NW., Washington, DC 20224. through the use of automated collection
as their contents may become material FOR FURTHER INFORMATION CONTACT: techniques or other forms of information
in the administration of any internal Requests for additional information or technology; and (e) estimates of capital
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