[Federal Register: April 6, 2006 (Volume 71, Number 66)]
[Notices]
[Page 17562]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr06ap06-127]
[[Page 17562]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 851
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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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
Form 851, Affiliations Schedule.
DATES: Written comments should be received on or before June 5, 2006 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 R. Joseph
Durbala, (202) 622-3634, Internal Revenue Service, room 6516, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the Internet
at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Affiliations Schedule.
OMB Number: 1545-0025.
Form Number: 851.
Abstract: Form 851 is filed by the parent corporation for an
affiliated group of corporations that files a consolidated return (Form
1120). Form 851 provides IRS with information on the names and
identification numbers of the members of the affiliated group, the
taxes paid by each member of the group, and stock ownership, changes in
stock ownership and other information to determine that each
corporation is a qualified member of the affiliated group as defined in
Internal revenue Code section 1504.
Current Actions: There are no changes being made to Form 851 at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations and
farms.
Estimated Number of Responses: 4,000.
Estimated Time Per Response: 12 hrs., 46 min.
Estimated Total Annual Burden Hours: 51,040.
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 28, 2006.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E6-5012 Filed 4-5-06; 8:45 am]
BILLING CODE 4830-01-P