Federal Register / Vol. 72, No. 61 / Friday, March 30, 2007 / Notices 15193 

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 proposed regulation, REG–

150562–03 (NPRM), Section 1045 

Application to Partnerships. 

DATES: Written comments should be 

received on or before May 29, 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 R. Joseph Durbala at Internal 

Revenue Service, room 6516, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or at (202) 622–3634, or 

through the Internet at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Section 1045 Application to 

Partnerships. 

OMB Number: 1545–1893. 

Regulation Project Number: REG–

150562–03. 

Abstract: This document contains 

proposed regulations relating to the 

application of section 1045 of the 

Internal Revenue Code (Code) to 

partnerships and their partners. These 

regulations provide rules regarding the 

deferral of gain on a partnership’s sale 

of qualified small business stock and 

deferral of gain on a partner’s sale of 

qualified small business stock 

distributed by a partnership. The 

proposed regulations affect partnerships 

that invest in qualified small business 

stock and their partners. This document 

also provides notice of a public hearing 

on the proposed regulations. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of the 

currently approved collection. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 

1,000. 

Estimated Time per Respondent: 1 

hour. 

Estimated Total Annual Burden 

Hours: 1,000. 

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: March 22, 2007. 

Glenn P. Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–5858 Filed 3–29–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–251703–96] 

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–251703–

96 (TD 8813), Residence of Trusts and 

Estates—7701 (§ 301.7701–7). 

DATES: Written comments should be 

received on or before May 29, 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 R. Joseph Durbala at Internal 

Revenue Service, room 6516, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or at (202) 622–3634, or 

through the internet at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Residence of Trusts and Estates7701. 

OMB Number: 1545–1600. 

Regulation Project Number: REG–

251703–96. 

Abstract: This regulation provides the 

procedures and requirements for making 

the election to remain a domestic trust 

in accordance with section 1161 of the 

Taxpayer Relief Act of 1997. The 

information submitted by taxpayers will 

be used by the IRS to determine if a 

trust is a domestic trust or a foreign 

trust. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of the 

currently approved collection. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 

222. 

Estimated Time per Respondent: 31 

minutes. 

Estimated Total Annual Burden 

Hours: 114. 

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 


cprice-sewell on PROD1PC66 with NOTICES
15194 Federal Register / Vol. 72, No. 61 / Friday, March 30, 2007 / Notices 

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 22, 2007. 

Glenn P. Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–5865 Filed 3–29–07; 8:45 am] 

BILLING CODE 4830–01–P 


cprice-sewell on PROD1PC66 with NOTICES