62120 Federal Register / Vol. 69, No. 204 / Friday, October 22, 2004 / Notices 

Regulation Project Number: REG–

209830–96. 

Abstract: The information requested 

in regulation section 20.2056(b)–

7(d)(3)(ii) is necessary to provide a 

method for estates of decedents whose 

estate tax returns were due on or before 

February 18, 1997, to obtain an 

extension of time to make the qualified 

terminable interest property (QTIP) 

election under section 2056(b)(7)(B)(v). 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of OMB 

approval. 

Affected Public: Individual or 

households. 

The estimated reporting burden in 

this regulation is reflected in the burden 

of Form 843, Claim for Refund and 

Request for Abatement, and Forms 706 

and 706–NA, United States Estate (and 

Generation-Skipping Transfer) Tax 

Return. 

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: October 14, 2004. 

Paul Finger, 

IRS Reports Clearance Officer.

[FR Doc. 04–23750 Filed 10–21–04; 8:45 am] 

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service 

[PS–268–82] 

Proposed Collection; Comment 

Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), 

Treasury.

ACTION: Notice and request for 

comments. 

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, 

Public Law 104–13(44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning an 

existing final regulation, PS–268–82 (TD 

8696), Definitions Under Subchapter S 

of the Internal Revenue Code (Section 

1.1377–1).

DATES: Written comments should be 

received on or before December 21, 2004 

to be assured of consideration.

ADDRESSES: Direct all written comments 

to Paul Finger, Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or 

copies of the regulation should be 

directed to Allan Hopkins, at (202) 622–

6665, or at Internal Revenue Service, 

room 6516, 1111 Constitution Avenue 

NW., Washington, DC 20224, or through 

the Internet, at 

Allan.M.Hopkins@irs.gov.

SUPPLEMENTARY INFORMATION: 

Title: Definitions Under Subchapter S 

of the Internal Revenue Code. 

OMB Number: 1545–1462. 

Regulation Project Number: PS–268–

82. 

Abstract: Section 1.1377–1(b)(4) of the 

regulation provides that an S 

corporation making a terminating 

election under Internal Revenue Code 

section 1377(a)(2) must attach a 

statement to its timely filed original or 

amended return required to be filed 

under Code section 6037(a). The 

statement must provide information 

concerning the events that gave rise to 

the election and declarations of consent 

from the S corporation shareholders. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of OMB 

approval. 

Affected Public: Business or other forprofit organizations, and individuals. 

Estimated Number of Respondents:

4,000. 

Estimated Time Per Respondent: 15 

mins. 

Estimated Total Annual Burden 

Hours: 1,000. 

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: October 14, 2004. 

Paul Finger, 

IRS Reports Clearance Officer.

[FR Doc. 04–23751 Filed 10–21–04; 8:45 am] 

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service 

[PS–54–94] 

Proposed Collection; Comment 

Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), 

Treasury.

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent