Federal Register / Vol. 71, No. 249 / Thursday, December 28, 2006 / Notices 78273 

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 21, 2006. 

Glenn Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E6–22255 Filed 12–27–06; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–209682–94] 

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 

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 final 

regulation, REG–209682–94 (TD 8847), 

Adjustments Following Sales of 

Partnership Interests, (§§ 1.732–1 and 

1.743–1). 

DATES: Written comments should be 

received on or before February 26, 2007 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn Kirkland, Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of regulations should be directed 

to Allan Hopkins, at Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue NW., Washington, DC 20224, or 

at (202) 622–6665, or through the 

Internet at Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Adjustments Following Sales of 

Partnership Interests. 

OMB Number: 1545–1588. 

Regulation Project Number: REG–

209682–94. 

Abstract: Partnerships, with a section 

754 election in effect, are required to 

adjust the basis of partnership property 

following certain transfers of 

partnership interests. This regulation 

relates to the optional adjustments to 

the basis of partnership property 

following certain transfers of 

partnership interests under section 743, 

the calculation of gain or loss under 

section 751(a) following the sale or 

exchange of a partnership interest, the 

allocation of basis adjustments among 

partnership assets under section 755, 

the allocation of a partner’s basis in its 

partnership interest to properties 

distributed to the partner by the 

partnership under section 732(c), and 

the computation of a partner’s 

proportionate share of the adjusted basis 

of depreciable property (or depreciable 

real property) under section 1017. 

Current Actions: There are no changes 

being made to the regulation at this 

time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents/ 

Recordkeepers: 226,000. 

Estimated Time Per Respondent/ 

Recordkeeper: 4 hrs. 

Estimated Total Annual Burden 

Hours: 904,000. 

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 21, 2006. 

Glenn Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E6–22256 Filed 12–27–06; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Advisory Committee on CARES 

Business Plan Studies 

the Department of Veterans Affairs 

(VA) gives notice under the Public Law 

92–463 (Federal Advisory Committee 

Act) that a meeting of the Advisory 

Committee on CARES Business Plan 

Studies will be held on January 22, 

2007, from 6 p.m. until 9 p.m. at the VA 

Medical Center Saint Albans Campus, in 

the Pratt Auditoriumm 179–00 Linden 

Boulevard, St. Albans, NY. 

The purpose of the meeting is to 

present and receive public comment on 

the proposed capital plan for new 

facilities at St. Albans and the process 

for receiving community input on 

developing reuse proposals for portions 

of the campus that will be vacated. 

Interested persons may attend and 

present oral or written statements to the 

Committee. For additional information 

regarding the meeting, please contact 

Mr. Jay Halpern, Designated Federal 

Officer, (CARES), 810 Vermont Ave., 

NW., Washington, DC 20420 by phone 

(202) 273–5994, or by e-mail at 

jay.halpern@va.gov. 

Dated: December 19, 2006. 

By Directiion of the Secretary. 

E. Philip Riggin, 

Committee Management Officer. 

[FR Doc. 06–9883 Filed 12–27–06; 8:45 am] 

BILLING CODE 8320–01–M 


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