Notice2022-24323
Proposed Collection; Comment Request for Information Collection.
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 8, 2022
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
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. Currently, the IRS is soliciting comments concerning an existing Revenue Procedure 2001-29, Leveraged Leases.
Full Text
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<title>Federal Register, Volume 87 Issue 215 (Tuesday, November 8, 2022)</title>
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[Federal Register Volume 87, Number 215 (Tuesday, November 8, 2022)]
[Notices]
[Pages 67533-67534]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-24323]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Information Collection.
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
[[Page 67534]]
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. Currently, the IRS is soliciting comments
concerning an existing Revenue Procedure 2001-29, Leveraged Leases.
DATES: Written comments should be received on or before January 9, 2023
to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224, or by email to <a href="/cdn-cgi/l/email-protection#84f4f6e5aae7ebe9e9e1eaf0c4edf6f7aae3ebf2"><span class="__cf_email__" data-cfemail="94e4e6f5baf7fbf9f9f1fae0d4fde6e7baf3fbe2">[email protected]</span></a>. Include 1545-1738 or
Leveraged Leases in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to LaNita Van Dyke, 202-
317-6009, at Internal Revenue Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or through the internet at
<a href="/cdn-cgi/l/email-protection#baf6dbd4d3cedb94ecdbd4fec3d1dffad3c8c994ddd5cc"><span class="__cf_email__" data-cfemail="ffb39e91968b9ed1a99e91bb86949abf968d8cd1989089">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Currently, the IRS is seeking comments concerning the following
information collection tools, reporting, and record-keeping
requirements:
Title: Leveraged Leases.
OMB Number: 1545-1738.
Regulation Number: Revenue Procedure 2001-29.
Abstract: Revenue Procedure 2001-29 sets forth the information and
representations required to be furnished by taxpayers in requests for
an advance ruling that a leveraged lease transaction is, in fact, a
valid lease for federal income tax purposes.
Current Actions: There are no changes being made to the revenue
procedure at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, and not-for-profit institutions.
Estimated Number of Respondents: 10.
Estimated Time per Respondent: 80 hours.
Estimated Total Annual Reporting Burden hours: 800.
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: November 3, 2022.
Molly J. Stasko,
Supervisory Tax Analyst.
[FR Doc. 2022-24323 Filed 11-7-22; 8:45 am]
BILLING CODE 4830-01-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.