Federal Register / Vol. 69, No. 237 / Friday, December 10, 2004 / Notices 71875

Code section 6103, subject to the same 

conditions and restrictions, and for the 

same purposes, as if the recipient had 

received the information from the IRS 

directly. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Federal, state, local 

or tribal governments. 

Estimated Number of Respondents:

11.

Estimated Time Per Respondent: 1 

hour. 

Estimated Total Annual Burden 

Hours: 11. 

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: December 6, 2004. 

R. Joseph Durbala, 

IRS Reports Clearance Officer.

[FR Doc. 04–27164 Filed 12–9–04; 8:45 am] 

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service 

Proposed Collection; Comment 

Request for Revenue Procedure 2003–

45 and Revenue Procedure 2004–48

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, Pub. 

L. 104–13(44 U.S.C. 3506(c)(2)(A)). 

Currently, the IRS is soliciting 

comments concerning Revenue 

Procedure 2003–45, Late Election Relief 

for S Corporations, and Revenue 

Procedure 2004–48, Deemed Corporate 

Election for Late Electing S 

Corporations.

DATES: Written comments should be 

received on or before February 8, 2005, 

to be assured of consideration.

ADDRESSES: Direct all written comments 

to R. Joseph 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 revenue procedures should 

be directed to Carol Savage at Internal 

Revenue Service, room 6516, 1111 

Constitution Avenue NW., Washington, 

DC 20224, or at (202) 622–3945, or 

through the internet at 

CAROL.A.SAVAGE@irs.gov.

SUPPLEMENTARY INFORMATION: 

Title: Revenue Procedure 2003–45, 

Late Election Relief for S Corporations, 

and Revenue Procedure 2004–48, 

Deemed Corporate Election for Late 

Electing S Corporations. 

OMB Number: 1545–1548. 

Revenue Procedure Number: Revenue 

Procedure 2003–45 and Revenue 

Procedure 2004–48. 

Abstract: Revenue Procedure 2003–45 

provides a simplified method for 

taxpayers to request relief for late S 

corporation elections, Electing Small 

Business Trust (ESBT) elections, 

Qualified Subchapter S Subsidiary 

(QSub) elections. Generally, this 

revenue procedure provides that certain 

eligible entities may be granted relief for 

failing to file these elections in a timely 

manner if the request for relief is filed 

with 24 months of the due date of the 

election. Revenue Procedure 2004–48 

provides a simplified method for 

taxpayers to request relief for a late S 

corporation election and a late corporate 

classification election which was 

intended to be effective on the same 

date that the S corporation election was 

intended to be effective.

Current Actions: There are no changes 

being made to these revenue procedures 

at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents:

50,000. 

Estimated Average Time Per 

Respondent: 1 hour. 

Estimated Total Annual Burden 

Hours: 50,000. 

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: December 6, 2004. 

R. Joseph Durbala, 

IRS Reports Clearance Officer.

[FR Doc. 04–27165 Filed 12–9–04; 8:45 am] 

BILLING CODE 4830–01–P