23496 Federal Register / Vol. 63, No. 82 /Wednesday, April 29, 1998 / Notices

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request For Letter 1117(c)

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 Letter 1117(c),

Confirmation Letter.

DATES: Written comments should be

received on or before June 29, 1998 to

be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the information collection

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5569, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Confirmation letter.

OMB Number: 1545–0301.

Letter Number: Letter 1117(c).

Abstract: Confirmation letters are

used to determine whether taxpayers

agree with taxpayer delinquency records

maintained by the IRS. Internal auditors

use this information to verify the

accuracy of the Service’s records and to

determine whether any improprieties

have been committed by Service

employees. Use of the confirmation

letters satisfies General Accounting

Office auditing standards for obtaining

sufficient, competent, and relevant

evidence to afford a reasonable basis for

the auditors’ judgments and

conclusions.

Current Actions: There are no changes

being made to Letter 1117(c) 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,

farms, and Federal, state, local, or tribal

governments.

Estimated Number of Respondents:

4,200.

Estimated Time Per Respondent: 15

minutes.

Estimated Total Annual Burden

Hours: 1,050.

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: April 23, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–11395 Filed 4–28–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[EE–12–78]

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, EE–12–78 (TD

7611) Nonbank Trustees (§ 1.408–2(e)).

DATES: Written comments should be

received on or before June 29, 1998 to

be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the regulation should be

directed to Carol Savage, (202) 622–

3945, Internal Revenue Service, room

5569, 1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Nonbank Trustees.

OMB Number: 1545–0806.

Regulation Project Number: EE–12–

78.

Abstract: Internal Revenue Code

section 408(a)(2) permits an institution

other than a bank to be the trustee of an

individual retirement account. This

regulation imposes certain reporting and

recordkeeping requirements to enable

the IRS to determine whether an

institution qualifies to be a nonbank

trustee and to insure that accounts are

administered according to sound

fiduciary principles.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

23.

Estimated Time Per Respondent: 34

minutes.

Estimated Total Annual Burden

Hours: 13.

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.