INTERNAL REVENUE SERVICE ISSUES NOTICE: PROPOSED EXTENSION OF INFORMATION COLLECTION REQUEST SUBMITTED FOR PUBLIC COMMENT; COMMENT REQUEST ON BURDEN RELATED TO TAXATION OF GAIN OR LOSS FROM CERTAIN NONFUNCTIONAL CURRENCY TRANSACTIONS

WASHINGTON, March 12 -- Internal Revenue Service has issued a notice called: Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request on Burden Related to Taxation of Gain or Loss From Certain Nonfunctional Currency Transactions.

The notice was published in the Federal Register on March 12 by Ronald J. Durbala, IRS Tax Analyst.

Summary: The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the 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 the burden related ...