This section of the FEDERAL REGISTER
contains regulatory documents having general
applicability and legal effect, most of which
are keyed to and codified in the Code of
Federal Regulations, which is published under
50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by
the Superintendent of Documents. Prices of
new books are listed in the first FEDERAL
REGISTER issue of each week.
Rules and Regulations Federal Register
17521
Vol. 76, No. 61
Wednesday, March 30, 2011
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 327
RIN 3064–AD66
Assessments, Large Bank Pricing
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Final rule; correction.
SUMMARY: The FDIC is correcting a final
rule that appeared in the Federal
Register of February 25, 2011 (76 FR
10672), regarding Assessments, Large
Bank Pricing. This correction clarifies
words of amendatory instruction
numbered 8 on page 10720.
DATES: Effective Date: April 1, 2011.
FOR FURTHER INFORMATION CONTACT:
Christopher Bellotto, Counsel, Legal
Division, (202) 898–3801, 550 17th
Street, NW., Washington, DC 20429.
SUPPLEMENTARY INFORMATION: In FR Doc.
2011–3086, appearing on page 10720 in
the Federal Register of Friday, February
25, 2011, the following correction is
made:
On page 10720, in the third column,
amendatory instruction 8 is revised, and
asterisks and a section VI heading are
added below the Appendix A heading to
read as follows:
■ 8. Amend appendix A to subpart A of
part 327 by adding section VI, and
revise appendices B and C to subpart A
of part 327 to read as follows:
Appendix A to Subpart A of Part 327—
Description of Scorecard Measures
* * * * *
VI. Description of Scorecard Measures
Dated: March 25, 2011.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2011–7457 Filed 3–29–11; 8:45 am]
BILLING CODE 6714–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 301
[TD 9518]
RIN 1545–BJ52
Specified Tax Return Preparers
Required To File Individual Income Tax
Returns Using Magnetic Media
AGENCY: Internal Revenue Service (IRS),
Treasury.
ACTION: Final regulations.
SUMMARY: This document contains final
regulations on the requirement for
‘‘specified tax return preparers’’ to file
individual income tax returns using
magnetic media pursuant to section
6011(e)(3) of the Internal Revenue Code
(Code). The final regulations reflect
changes made to the law by the Worker,
Homeownership, and Business
Assistance Act of 2009. These
regulations provide guidance to
specified tax return preparers who
prepare and file individual income tax
returns. Unless an exception in these
regulations applies, a tax return
preparer who meets the definition of a
‘‘specified tax return preparer’’ must
electronically file Federal income tax
returns that the preparer prepares and
files for individuals, trusts, and estates.
These regulations provide a two-year
transition period for certain specified
tax return preparers.
DATES: Effective Date: These regulations
are effective March 30, 2011.
Applicability Dates: In accordance
with sections 7805(b)(1)(B) and (b)(2)
and section 6011(e)(3), these regulations
are applicable to individual income tax
returns filed after December 31, 2010.
See § 301.6011–7(g).
FOR FURTHER INFORMATION CONTACT:
Keith L. Brau, (202) 622–4940 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Paperwork Reduction Act
The collection of information
contained in these final regulations has
been reviewed and approved by the
Office of Management and Budget in
accordance with the Paperwork
Reduction Act of 1995 (44 U.S.C.
3507(d)) under control number 1545–
2201. The collection of information in
these final regulations is in § 301.6011–
7(a)(4)(ii). This taxpayer choice
statement information will be used by
tax return preparers and specified tax
return preparers to demonstrate to the
IRS that the related individual income
tax returns filed in paper format were
not required to be filed electronically
pursuant to section 6011(e)(3), § 1.6011–
7, and § 301.6011–7. The collection of
information is voluntary to obtain a
benefit.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a valid control
number assigned by the Office of
Management and Budget.
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.
Background
This document contains final
amendments to the Regulations on
Income Taxes (26 CFR part 1) and the
Regulations on Procedure and
Administration (26 CFR part 301) under
section 6011(e) of the Code relating to
the requirement for specified tax return
preparers to file individual income tax
returns using magnetic media
(electronically). Section 17 of the
Worker, Homeownership, and Business
Assistance Act of 2009 (Pub. L. 111–92
(123 Stat. 2984, 2996)) amended section
6011(e)(1) and added new section
6011(e)(3) as an exception to the
restriction in section 6011(e)(1) that the
Secretary may not require returns of any
tax imposed by subtitle A on
individuals, estates, and trusts to be
filed in any format other than paper
forms supplied by the Secretary. New
section 6011(e)(3) provides that the
Secretary shall require the filing on
magnetic media of any individual
income tax returns prepared and filed
by a specified tax return preparer.
Section 6011(e)(3)(B) defines a specified
tax return preparer as, with respect to
any calendar year, any tax return
preparer unless such preparer
reasonably expects to file 10 or fewer
individual income tax returns during
such calendar year. Section 6011(e)(3)
does not define the term ‘‘filed.’’
Under section 6011(e)(3)(C), an
individual income tax return is any
VerDate Mar<15>2010 12:55 Mar 29, 2011 Jkt 223001 PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 E:\FR\FM\30MRR1.SGM 30MRR1
WReier-Aviles on DSKGBLS3C1PROD with RULES
contains regulatory documents having general
applicability and legal effect, most of which
are keyed to and codified in the Code of
Federal Regulations, which is published under
50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by
the Superintendent of Documents. Prices of
new books are listed in the first FEDERAL
REGISTER issue of each week.
Rules and Regulations Federal Register
17521
Vol. 76, No. 61
Wednesday, March 30, 2011
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 327
RIN 3064–AD66
Assessments, Large Bank Pricing
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Final rule; correction.
SUMMARY: The FDIC is correcting a final
rule that appeared in the Federal
Register of February 25, 2011 (76 FR
10672), regarding Assessments, Large
Bank Pricing. This correction clarifies
words of amendatory instruction
numbered 8 on page 10720.
DATES: Effective Date: April 1, 2011.
FOR FURTHER INFORMATION CONTACT:
Christopher Bellotto, Counsel, Legal
Division, (202) 898–3801, 550 17th
Street, NW., Washington, DC 20429.
SUPPLEMENTARY INFORMATION: In FR Doc.
2011–3086, appearing on page 10720 in
the Federal Register of Friday, February
25, 2011, the following correction is
made:
On page 10720, in the third column,
amendatory instruction 8 is revised, and
asterisks and a section VI heading are
added below the Appendix A heading to
read as follows:
■ 8. Amend appendix A to subpart A of
part 327 by adding section VI, and
revise appendices B and C to subpart A
of part 327 to read as follows:
Appendix A to Subpart A of Part 327—
Description of Scorecard Measures
* * * * *
VI. Description of Scorecard Measures
Dated: March 25, 2011.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2011–7457 Filed 3–29–11; 8:45 am]
BILLING CODE 6714–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 301
[TD 9518]
RIN 1545–BJ52
Specified Tax Return Preparers
Required To File Individual Income Tax
Returns Using Magnetic Media
AGENCY: Internal Revenue Service (IRS),
Treasury.
ACTION: Final regulations.
SUMMARY: This document contains final
regulations on the requirement for
‘‘specified tax return preparers’’ to file
individual income tax returns using
magnetic media pursuant to section
6011(e)(3) of the Internal Revenue Code
(Code). The final regulations reflect
changes made to the law by the Worker,
Homeownership, and Business
Assistance Act of 2009. These
regulations provide guidance to
specified tax return preparers who
prepare and file individual income tax
returns. Unless an exception in these
regulations applies, a tax return
preparer who meets the definition of a
‘‘specified tax return preparer’’ must
electronically file Federal income tax
returns that the preparer prepares and
files for individuals, trusts, and estates.
These regulations provide a two-year
transition period for certain specified
tax return preparers.
DATES: Effective Date: These regulations
are effective March 30, 2011.
Applicability Dates: In accordance
with sections 7805(b)(1)(B) and (b)(2)
and section 6011(e)(3), these regulations
are applicable to individual income tax
returns filed after December 31, 2010.
See § 301.6011–7(g).
FOR FURTHER INFORMATION CONTACT:
Keith L. Brau, (202) 622–4940 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Paperwork Reduction Act
The collection of information
contained in these final regulations has
been reviewed and approved by the
Office of Management and Budget in
accordance with the Paperwork
Reduction Act of 1995 (44 U.S.C.
3507(d)) under control number 1545–
2201. The collection of information in
these final regulations is in § 301.6011–
7(a)(4)(ii). This taxpayer choice
statement information will be used by
tax return preparers and specified tax
return preparers to demonstrate to the
IRS that the related individual income
tax returns filed in paper format were
not required to be filed electronically
pursuant to section 6011(e)(3), § 1.6011–
7, and § 301.6011–7. The collection of
information is voluntary to obtain a
benefit.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a valid control
number assigned by the Office of
Management and Budget.
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.
Background
This document contains final
amendments to the Regulations on
Income Taxes (26 CFR part 1) and the
Regulations on Procedure and
Administration (26 CFR part 301) under
section 6011(e) of the Code relating to
the requirement for specified tax return
preparers to file individual income tax
returns using magnetic media
(electronically). Section 17 of the
Worker, Homeownership, and Business
Assistance Act of 2009 (Pub. L. 111–92
(123 Stat. 2984, 2996)) amended section
6011(e)(1) and added new section
6011(e)(3) as an exception to the
restriction in section 6011(e)(1) that the
Secretary may not require returns of any
tax imposed by subtitle A on
individuals, estates, and trusts to be
filed in any format other than paper
forms supplied by the Secretary. New
section 6011(e)(3) provides that the
Secretary shall require the filing on
magnetic media of any individual
income tax returns prepared and filed
by a specified tax return preparer.
Section 6011(e)(3)(B) defines a specified
tax return preparer as, with respect to
any calendar year, any tax return
preparer unless such preparer
reasonably expects to file 10 or fewer
individual income tax returns during
such calendar year. Section 6011(e)(3)
does not define the term ‘‘filed.’’
Under section 6011(e)(3)(C), an
individual income tax return is any
VerDate Mar<15>2010 12:55 Mar 29, 2011 Jkt 223001 PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 E:\FR\FM\30MRR1.SGM 30MRR1
WReier-Aviles on DSKGBLS3C1PROD with RULES