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15678 Federal Register / Vol. 70, No.

58 / Monday, March 28, 2005 / Notices

Paperwork Reduction Act of 1995, The following paragraph applies to all Public Law 104–13(44 U.S.C.
Public Law 104–13 (44 U.S.C. of the collections of information covered 3506(c)(2)(A)). Currently, the IRS is
3506(c)(2)(A)). Currently, the IRS is by this notice: soliciting comments concerning an
soliciting comments concerning Form An agency may not conduct or sponsor, existing final regulation, CO–49–88 (TD
1042, Annual Withholding Tax Return and a person is not required to respond to, 8546), Limitations on Corporate Net
for U.S. Source Income of Foreign a collection of information unless the Operating Loss (§ 1.382–6).
Persons, Form 1042–S, Foreign Person’s collection of information displays a valid DATES: Written comments should be
U.S. Source Income Subject to OMB control number. received on or before May 27, 2005, to
Withholding, and Form 1042–T, Annual Books or records relating to a collection be assured of consideration.
Summary and Transmittal of Forms of information must be retained as long ADDRESSES: Direct all written comments
1042–S. as their contents may become material to Glenn Kirkland, Internal Revenue
DATES: Written comments should be in the administration of any internal Service, room 6512, 1111 Constitution
received on or before May 27, 2005 to revenue law. Generally, tax returns and Avenue NW., Washington, DC 20224.
be assured of consideration. tax return information are confidential, FOR FURTHER INFORMATION CONTACT:
ADDRESSES: Direct all written comments as required by 26 U.S.C. 6103. Requests for additional information or
to Glenn Kirkland, Internal Revenue Request for Comments: Comments copies of the regulations should be
Service, room 6516, 1111 Constitution submitted in response to this notice will directed to Larnice Mack at Internal
Avenue, NW., Washington, DC 20224. be summarized and/or included in the Revenue Service, room 6512, 1111
request for OMB approval. All Constitution Avenue, NW., Washington,
FOR FURTHER INFORMATION CONTACT: comments will become a matter of
Requests for additional information or DC 20224, or at (202) 622–3179, or
public record. Comments are invited on: through the internet at
copies of the form and instructions (a) Whether the collection of
should be directed to Allan Hopkins, at (Larnice.Mack@irs.gov).
information is necessary for the proper
(202) 622–6665, or at Internal Revenue SUPPLEMENTARY INFORMATION:
performance of the functions of the
Service, room 6516, 1111 Constitution Title: Limitations on Corporate Net
agency, including whether the
Avenue NW., Washington, DC 20224, or Operating Loss.
information shall have practical utility;
through the Internet at OMB Number: 1545–1381.
(b) the accuracy of the agency’s estimate Regulation Project Number: CO–49–
Allan.M.Hopkins@irs.gov. of the burden of the collection of 88.
SUPPLEMENTARY INFORMATION: information; (c) ways to enhance the Abstract: This regulation provides
Title: Form 1042, Annual quality, utility, and clarity of the rules for the allocation of a loss
Withholding Tax Return for U.S. Source information to be collected; (d) ways to corporation’s taxable income or net
Income of Foreign Persons, Form 1042– minimize the burden of the collection of operating loss between the periods
S, Foreign Person’s U.S. Source Income information on respondents, including before and after ownership change
Subject to Withholding, and Form through the use of automated collection under section 382 of the Internal
1042–T, Annual Summary and techniques or other forms of information Revenue Code, including an election to
Transmittal of Forms 1042–T. technology; and (e) estimates of capital make the allocation based on a closing
OMB Number: 1545–0096. or start-up costs and costs of operation, of the books as of the change date.
Form Numbers: 1042, 1042–S, and maintenance, and purchase of services Current Actions: There is no change to
1042–T. to provide information. this existing regulation.
Abstract: Form 1042 is used by Approved: March 21, 2005. Type of Review: Extension of
withholding agents to report tax Glenn Kirkland, currently approved collection.
withheld at source on payment of IRS Reports Clearance Officer. Affected Public: Business or other for-
certain income paid to nonresident alien [FR Doc. E5–1369 Filed 3–25–05; 8:45 am] profit organizations.
individuals, foreign partnerships, or Estimated Number of Respondents:
BILLING CODE 4830–01–P
foreign corporations. The IRS uses this 2,000.
information to verify that the correct Estimated Time Per Respondent: 0.1
amount of tax has been withheld and DEPARTMENT OF THE TREASURY hours.
paid to the United States. Form 1042– Estimated Total Annual Burden
S is used to report certain income and Internal Revenue Service Hours: 200.
tax withheld information to nonresident The following paragraph applies to all
[CO–49–88] of the collections of information covered
alien payees and beneficial owners.
Form 1042–T is used by withholding by this notice:
Proposed Collection; Comment
agents to transmit Forms 1042–S to the An agency may not conduct or
Request for Regulation Project
IRS. sponsor, and a person is not required to
AGENCY: Internal Revenue Service (IRS), respond to, a collection of information
Current Actions: There are no changes
Treasury. unless the collection of information
being made to these forms at this time.
ACTION: Notice and request for displays a valid OMB control number.
Type of Review: Extension of a Books or records relating to a
currently approved collection. comments.
collection of information must be
Affected Public: Business or other for SUMMARY: The Department of the retained as long as their contents may
profit organizations and individuals or Treasury, as part of its continuing effort become material in the administration
households. to reduce paperwork and respondent of any internal revenue law. Generally,
Estimated Number of Respondents: burden, invites the general public and tax returns and tax return information
22,000. other Federal agencies to take this are confidential, as required by 26
Estimated Time Per Respondent: 48 opportunity to comment on proposed U.S.C. 6103.
hours, 2 minutes. and/or continuing information Request For Comments: Comments
Estimated Total Annual Burden collections, as required by the submitted in response to this notice will
Hours: 1,056,940. Paperwork Reduction Act of 1995, be summarized and/or included in the

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Federal Register / Vol. 70, No. 58 / Monday, March 28, 2005 / Notices 15679

request for OMB approval. All Service, room 6516, 1111 Constitution or start-up costs and costs of operation,
comments will become a matter of Avenue, NW., Washington, DC 20224, maintenance, and purchase of services
public record. Comments are invited on: or through the internet, at to provide information.
(a) Whether the collection of Allan.M.Hopkins@irs.gov. Approved: March 21, 2005.
information is necessary for the proper SUPPLEMENTARY INFORMATION: Glenn Kirkland,
performance of the functions of the Title: Instructions for Requesting IRS Reports Clearance Officer.
agency, including whether the Rulings and Determination Letters.
information shall have practical utility; [FR Doc. E5–1371 Filed 3–25–05; 8:45 am]
OMB Number: 1545–0819. BILLING CODE 4830–01–P
(b) the accuracy of the agency’s estimate Regulation Project Number: 26 CFR
of the burden of the collection of 601.201.
information; (c) ways to enhance the Abstract: The IRS issues rulings DEPARTMENT OF THE TREASURY
quality, utility, and clarity of the letters and determination letters to
information to be collected; (d) ways to taxpayers interpreting and applying the Internal Revenue Service
minimize the burden of the collection of tax laws to a specific set of facts. The
information on respondents, including procedural regulations set forth the Proposed Collection; Comment
through the use of automated collection instructions for requesting ruling and Request for Revenue Procedure 2002–
techniques or other forms of information determination letters. 16
technology; and (e) estimates of capital Current Actions: There is no change to
or start-up costs and costs of operation, AGENCY: Internal Revenue Service (IRS),
the collection of information in this
maintenance, and purchase of services Treasury.
existing regulation.
to provide information. Type of Review: Extension of a ACTION: Notice and request for
Approved: March 18, 2005. currently approved collection. comments.
Glenn Kirkland, Affected Public: All taxpayers.
SUMMARY: The Department of the
IRS Reports Clearance Officer. Estimated Number of Respondents:
271,914. Treasury, as part of its continuing effort
[FR Doc. E5–1370 Filed 3–25–05; 8:45 am] to reduce paperwork and respondent
Estimated Time Per Respondent: The
BILLING CODE 4830–01–P
estimated annual burden per respondent burden, invites the general public and
various from 15 minutes to 1 hour, other Federal agencies to take this
depending on individual circumstances, opportunity to comment on proposed
DEPARTMENT OF THE TREASURY and/or continuing information
with an estimated of 55 minutes.
Estimated Total Annual Burden collections, as required by the
Internal Revenue Service
Hours: 248,496. Paperwork Reduction Act of 1995,
[Regulation Section 601.201]
The following paragraph applies to all Public Law 104–13 (44 U.S.C.
of the collections of information covered 3506(c)(2)(A)). Currently, the IRS is
Proposed Collection; Comment soliciting comments concerning
Request for Regulation Project by this notice:
An agency may not conduct or Revenue Procedure 2002–16, Optional
AGENCY: Internal Revenue Service (IRS), sponsor, and a person is not required to Election to Make Monthly Section 706
Treasury. respond to, a collection of information Allocations.
ACTION: Notice and request for unless the collection of information DATES: Written comments should be
comments. displays a valid OMB control number. received on or before May 27, 2005, to
Books or records relating to a collection be assured of consideration.
SUMMARY: The Department of the of information must be retained as long ADDRESSES: Direct all written comments
Treasury, as part of its continuing effort as their contents may become material to Glenn Kirkland, Internal Revenue
to reduce paperwork and respondent in the administration of any internal Service, room 6516, 1111 Constitution
burden, invites the general public and revenue law. Generally, tax returns and Avenue, NW., Washington, DC 20224.
other Federal agencies to take this tax return information are confidential,
opportunity to comment on proposed FOR FURTHER INFORMATION CONTACT:
as required by 26 U.S.C. 6103. Requests for additional information or
and/or continuing information Request For Comments: Comments
collections, as required by the copies of the regulations should be
submitted in response to this notice will directed to Larnice Mack at Internal
Paperwork Reduction Act of 1995, be summarized and/or included in the
Public Law 104–13 (44 U.S.C. Revenue Service, room 6512, 1111
request for OMB approval. All Constitution Avenue, NW., Washington,
3506(c)(2)(A)). Currently, the IRS is comments will become a matter of
soliciting comments concerning an DC 20224, or at (202) 622–3179, or
public record. Comments are invited on: through the Internet at
existing regulation, 26 CFR 601.201, (a) Whether the collection of
Instructions for Requesting Rulings and Larnice.Mack@irs.gov.
information is necessary for the proper
Determination Letters. performance of the functions of the SUPPLEMENTARY INFORMATION:
DATES: Written comments should be agency, including whether the Title: Optional Election to Make
received on or before May 27, 2005 to information shall have practical utility; Monthly Section 706 Allocations.
be assured of consideration. (b) the accuracy of the agency’s estimate OMB Number: 1545–1768.
ADDRESSES: Direct all written comments of the burden of the collection of Revenue Procedure Number: Revenue
to Glenn Kirkland, Internal Revenue information; (c) ways to enhance the Procedure 2002–16.
Service, room 6516, 1111 Constitution quality, utility, and clarity of the Abstract: Revenue Procedure 2002–16
Avenue NW., Washington, DC 20224. information to be collected; (d) ways to allows certain partnerships with money
FOR FURTHER INFORMATION CONTACT: minimize the burden of the collection of market fund partners to make an
Requests for additional information or information on respondents, including optional election to close the
copies of the information collection through the use of automated collection partnership’s books on a monthly basis
should be directed to Allan Hopkins, at techniques or other forms of information with respect to the money market fund
(202) 622–6665, or at Internal Revenue technology; and (e) estimates of capital partners.

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