Proposed Collection; Comment Request for REG-106486-98 (TD 9157-Final), 73389 [E8-28524]
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Federal Register / Vol. 73, No. 232 / Tuesday, December 2, 2008 / Notices
Type of Review: Revision of a
currently approved collection.
Affected Public: Tax Exempt
organizations, Employee plans, tax
exempt bonds, or government entities.
Estimated Number of Respondents:
9,000.
Estimated Time Per Respondent: 4
hours 10 minutes.
Estimated Total Annual Burden
Hours: 37,530.
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 21, 2008.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E8–28523 Filed 12–1–08; 8:45 am]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for REG–106486–98 (TD 9157–
Final)
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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 REG–
106486–98 (TD 9157– Final), Guidance
Regarding the Treatment of Certain
Contingent Payment Debt Instructions
with one or more Payments that are
Denominated in, or Determined by
Reference to, a Nonfunctional Currency.
DATES: Written comments should be
received on or before February 2, 2009
to be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn P. Kirkland, Internal Revenue
Service, room 6129, 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, at Internal Revenue
Service, room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or
through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Guidance Regarding the
Treatment of Certain Contingent
Payment Debt Instructions with one or
more Payments that are Denominated
in, or Determined by Reference to, a
Nonfunctional Currency.
OMB Number: 1545–1831.
Form Number: REG–106486–98 (TD
9157 Final).
Abstract: This document contains
final regulations regarding the treatment
of contingent payment debt instruments
for which one or more payments are
denominated in, or determined by
reference to, a currency other than the
taxpayer’s functional currency. These
regulations are necessary because
PO 00000
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Fmt 4703
Sfmt 4703
73389
current regulations do not provide
guidance concerning the tax treatment
of such instruments. The regulations
affect issuers and holders of such
instruments.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB. This form is being
submitted for renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses and other
for-profit organizations, Farms.
Estimated Number of Respondents:
100.
Estimated Time Per Respondent: 1
hour.
Estimated Total Annual Burden
Hours: 100.
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 21, 2008.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E8–28524 Filed 12–1–08; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\02DEN1.SGM
02DEN1
]]>Agencies
[Federal Register Volume 73, Number 232 (Tuesday, December 2, 2008)]
[Notices]
[Page 73389]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-28524]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for REG-106486-98 (TD 9157-
Final)
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
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
REG-106486-98 (TD 9157- Final), Guidance Regarding the Treatment of
Certain Contingent Payment Debt Instructions with one or more Payments
that are Denominated in, or Determined by Reference to, a Nonfunctional
Currency.
DATES: Written comments should be received on or before February 2,
2009 to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal
Revenue Service, room 6129, 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, at Internal Revenue Service, room 6129, 1111
Constitution Avenue NW., Washington, DC 20224, or through the Internet
at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Guidance Regarding the Treatment of Certain Contingent
Payment Debt Instructions with one or more Payments that are
Denominated in, or Determined by Reference to, a Nonfunctional
Currency.
OMB Number: 1545-1831.
Form Number: REG-106486-98 (TD 9157 Final).
Abstract: This document contains final regulations regarding the
treatment of contingent payment debt instruments for which one or more
payments are denominated in, or determined by reference to, a currency
other than the taxpayer's functional currency. These regulations are
necessary because current regulations do not provide guidance
concerning the tax treatment of such instruments. The regulations
affect issuers and holders of such instruments.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. This form is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations,
Farms.
Estimated Number of Respondents: 100.
Estimated Time Per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 100.
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 21, 2008.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E8-28524 Filed 12-1-08; 8:45 am]
BILLING CODE 4830-01-P
