Federal Register / Vol. 69, No. 204 / Friday, October 22, 2004 / Notices 62119

All comments are part of the public 

record and subject to disclosure. Please 

do not include any confidential or 

inappropriate material in your 

comments. 

We invite comments on: (a) Whether 

this information collection is necessary 

for the proper performance of the 

agency’s functions, including whether 

the information has practical utility; (b) 

the accuracy of the agency’s estimate of 

the information collection’s burden; (c) 

ways to enhance the quality, utility, and 

clarity of the information collected; (d) 

ways to minimize the information 

collection’s burden 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 the 

requested information.

Dated: September 27, 2004. 

William H. Foster, 

Chief, Regulations and Procedures Division.

[FR Doc. 04–23688 Filed 10–21–04; 8:45 am] 

BILLING CODE 4810–31–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service 

[REG–104072–97] 

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, REG–104072–

97 (TD 8853), Recharacterizing 

Financing Arrangements Involving FastPay Stock (§ 1.7701(l)–3).

DATES: Written comments should be 

received on or before December 21, 2004 

to be assured of consideration.

ADDRESSES: Direct all written comments 

to Joe Durbala, 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: Recharacterizing Financing 

Arrangements Involving Fast-Pay Stock. 

OMB Number: 1545–1642. 

Regulation Project Number: REG–

104072–97. 

Abstract: Section 1.7701(l)–3 

recharacterizes fast-pay arrangements. 

Certain participants in such 

arrangements must file a statement that 

includes the name of the corporation 

that issued the fast-pay stock, and (to 

the extent the filing taxpayer knows or 

has reason to know) the terms of the 

fast-pay stock, the date on which it was 

issued, and the names and taxpayer 

identification numbers of any 

shareholders of any class of stock that 

is not traded on an established 

securities market. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of OMB 

approval. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents:

50. 

Estimated Time Per Respondent: 1 

hour. 

Estimated Total Annual Burden 

Hours: 50. 

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 18, 2004. 

Joe Durbala, 

IRS Reports Clearance Officer.

[FR Doc. 04–23749 Filed 10–21–04; 8:45 am] 

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service 

[REG–209830–96] 

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, REG–209830–

96 (TD 8779), Estate and Gift Tax 

Marital Deduction.

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: Estate and Gift Tax Marital 

Deduction. 

OMB Number: 1545–1612.