76524 Federal Register / Vol. 69, No. 244 / Tuesday, December 21, 2004 / Notices 

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 13, 2004. 

Joe Durbala, 

IRS Reports Clearance Officer.

[FR Doc. 04–27915 Filed 12–20–04; 8:45 am] 

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8858 and Schedule 

M

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 Form 

8858, Information Return of U.S. 

Persons With Respect to Foreign 

Disregarded Entities, and Schedule M, 

Transaction Between Foreign 

Disregarded Entity of a Foreign Tax 

Owner and the Filer on Other Related 

Entities.

DATES: Written comments should be 

received on or before February 22, 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 forms and instructions 

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: Information Return of U.S. 

Persons With Respect to Foreign 

Disregarded Entities (Form 8858), and 

Transaction Between Foreign 

Disregarded Entity of a Foreign Tax 

Owner and the Filer on Other Related 

Entities (Schedule M). 

OMB Number: 1545–1910. 

Form Number: Form 8858 and 

Schedule M. 

Abstract: Form 8858 and Schedule M 

are used by certain U.S. persons that 

own a foreign disregarded entity (FDE) 

directly or, in certain circumstances, 

indirectly or constructively. 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

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

households. 

Estimated Number of Respondents:

50,000. 

Estimated Time Per Respondent: 36 

hours, 39 minutes. 

Estimated Total Annual Burden 

Hours: 1,832,500. 

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 16, 2004. 

Carol Savage, 

Management and Program Analyst.

[FR Doc. 04–27916 Filed 12–20–04; 8:45 am] 

BILLING CODE 4830–01–P