Federal Register / Vol. 72, No. 49 / Wednesday, March 14, 2007 / Notices 11939 

and temporary regulation, INTL–952–86 

(TD 8228), Allocation and 

Apportionment of Interest Expense and 

Certain Other Expenses (§§ 1.861–9T, 

and 1.861–12T). 

DATES: Written comments should be 

received on or before May 14, 2007 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn P. Kirkland, Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulations should be 

directed to Carolyn N. Brown at Internal 

Revenue Service, room 6516, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or at (202) 622–6688, or 

through the Internet at 

(Carolyn.N.Brown@irs.gov). 

SUPPLEMENTARY INFORMATION: 

Title: Allocation and Apportionment 

of Interest Expense and Certain Other 

Expenses. 

OMB Number: 1545–1072. 

Regulation Project Number: INTL–

952–86. 

Abstract: Section 864(e) of the 

Internal Revenue Code provides rules 

concerning the allocation and 

apportionment of interest and certain 

other expenses to foreign source income 

for purposes of computing the foreign 

tax credit limitation. These regulations 

provide for the affirmative election of 

either the gross income method or the 

asset method of apportionment in the 

case of a controlled foreign corporation. 

Current Actions: There is no change to 

these existing regulations. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households, and Business or other forprofit organizations. 

Estimated Number of Respondents/ 

Recordkeepers: 15,000. 

Estimated Time per Respondent/ 

Recordkeeper: 15 minutes. 

Estimated Total Annual Reporting/ 

Recordkeeping Hours: 3,750. 

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: March 6, 2007. 

Glenn P. Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–4613 Filed 3–13–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[Regulation Section 1.6001–1] 

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, Pub. 

L. 104–13 (44 U.S.C. 3506(c)(2)(A)). 

Currently, the IRS is soliciting 

comments concerning an existing final 

regulation, regulation section 1.6001–1, 

Records. 

DATES: Written comments should be 

received on or before May 14, 2007 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn P. Kirkland, 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 section should 

be directed to Carolyn N. Brown at 

Internal Revenue Service, room 6516, 

1111 Constitution Avenue, NW., 

Washington, DC 20224, or at (202) 622–

6688, or through the Internet at 

Carolyn.N.Brown@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Records (26 CFR 1.6001–1). 

OMB Number: 1545–1156. 

Regulation Project Number: 

Regulation section 1.6001–1. 

Abstract: Internal Revenue Code 

section 6001 requires, in part, that every 

person liable for tax, or for the 

collection of that tax, keep such records 

and comply with such rules and 

regulations as the Secretary (of the 

Treasury) may from time to time 

prescribe. It also allows the Secretary, in 

his or her judgment, to require any 

person to keep such records that are 

sufficient to show whether or not that 

person is liable for tax. Under regulation 

section 1.6001–1, in general, any person 

subject to tax, or any person required to 

file an information return, must keep 

permanent books of account or records, 

including inventories, that are sufficient 

to establish the amount of gross income, 

deductions, credits or other matters 

required to be shown by such person in 

any tax return or information return. 

Books and records are to be kept 

available for inspection by authorized 

internal revenue officers or employees 

and are to be retained so long as their 

contents any became material in the 

administration of any internal revenue 

law. 

Current Actions: There is no change to 

these existing regulations. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households, and Business or other forprofit organizations, Not-for-profit 

institutions, Farms, and Federal, State, 

Local or Tribal Governments. 

The recordkeeping burden in this 

regulation is already reflected in the 

burden of all tax forms. 

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 


cprice-sewell on PROD1PC66 with NOTICES
11940 Federal Register / Vol. 72, No. 49 / Wednesday, March 14, 2007 / Notices 

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: March 6, 2007. 

Glenn P. Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–4614 Filed 3–13–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 13614–T 

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 Form 13614–T, 

Telephone Excise Tax Refund—

1040EZ–T Intake Sheet. 

DATES: Written comments should be 

received on or before May 14, 2007 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn P. Kirkland, Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Carolyn N. Brown, 

at (202) 622–6688, or at Internal 

Revenue Service, room 6516, 1111 

Constitution Avenue NW., Washington, 

DC 20224, or through the Internet, at 

Carolyn.N.Brown@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Telephone Excise Tax Refund—

1040EZ–T Intake Sheet. 

OMB Number: 1545–2057. 

Form Number: Form 13614–T. 

Abstract: Form 13614–T is part of a 

series of forms related to the Form 

13614. The Form 13614–T will be used 

as the Intake Sheet for individuals who 

potentially qualify to file a Form 

1040EZ–T, Request for Refund of 

Federal Telephone Excise Tax, to 

receive their refund. 

Current Actions: There are no changes 

being made to Form 13614–T at this 

time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households, Business or other for-profit 

organizations, Not-for-profit institutions 

and Federal Government. 

Estimated Number of Respondents: 

491,500. 

Estimated Time per Respondent: 10 

minutes. 

Estimated Total Annual Burden 

Hours: 81,917. 

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: March 7, 2007. 

Glenn P. Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–4615 Filed 3–13–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Announcement 2004–38 

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 

Announcement 2004–38, Election of 

Alternative Deficit Reduction 

Contribution. 

DATES: Written comments should be 

received on or before May 14, 2007 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn P. Kirkland, Internal Revenue 

Service, room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the announcement should be 

directed to Carolyn N. Brown at Internal 

Revenue Service, room 6516, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or at (202) 622–6688, or 

through the Internet at 

Carolyn.N.Brown@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Election of Alternative Deficit 

Reduction Contribution. 

OMB Number: 1545–1883. 

Announcement Number: 

Announcement 2004–38. 

Abstract: Announcement 2004–38 

describes the election that must be made 

in order for certain employers to take 

advantage of the alternative deficit 

reduction contribution described in 

section 102 of H.R. 3108. 

Current Actions: There are no changes 

being made to the announcement at this 

time. 


cprice-sewell on PROD1PC66 with NOTICES