Proposed Collection; Comment Request for Regulation Project, 4302-4303 [E9-1317]
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4302
Federal Register / Vol. 74, No. 14 / Friday, January 23, 2009 / Notices
Deduction for Certain Cash Dividends
from Controlled Foreign Corporations.
DATES: Written comments should be
received on or before March 24, 2009 to
be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, 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 Allan Hopkins,
(202) 622–6665, at Internal Revenue
Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet at
Allan.M.Hopkins@irs.gov.
(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: January 13, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–1281 Filed 1–22–09; 8:45 am]
BILLING CODE 4830–01–P
mstockstill on PROD1PC66 with NOTICES
SUPPLEMENTARY INFORMATION:
Title: One-Time Dividends Received
Deduction for Certain Cash Dividends
from Controlled Foreign Corporations.
OMB Number: 1545–1948.
Form Number: 8895.
Abstract: Form 8895 is used by a U.S.
corporation to elect the 85% dividends
received deduction provided under
section 965 and to compute the DRD.
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.
Estimated Number of Respondents:
2,000.
Estimated Time per Respondent: 25
hours, 1 minute.
Estimated Total Annual Burden
Hours: 50,020.
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;
VerDate Nov<24>2008
18:32 Jan 22, 2009
Jkt 217001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL–868–89]
Proposed Collection; Comment
Request for Regulation Project
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 an
existing final regulation, INTL–868–89
(TD 8353), Information With Respect to
Certain Foreign-Owned Corporations
(§§ 1.6038A–2 and 1.6038A–3).
DATES: Written comments should be
received on or before March 24, 2009 to
be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, Internal Revenue
Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations should be
directed to Allan Hopkins at Internal
Revenue Service, room 6129, 1111
Constitution Avenue, NW., Washington,
DC 20224, or at (202) 622–6665, or
through the Internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Information With Respect to
Certain Foreign-Owned Corporations.
PO 00000
Frm 00169
Fmt 4703
Sfmt 4703
OMB Number: 1545–1191.
Regulation Project Number: INTL–
868–89 (Final).
Abstract: This regulation requires
record maintenance, annual information
filing, and the authorization of the U.S.
corporation to act as an agent for IRS
summons purposes. These requirements
allow IRS international examiners to
better audit the tax returns of
corporations engaged in crossborder
transactions with a related party.
Current Actions: There is no change to
these existing regulations.
Type of Review: Extension of
currently approved collection.
Affected Public: Individuals and
business or other for-profit
organizations.
Estimated Number of Respondents:
63,000.
Estimated Time per Respondent: 10
hours.
Estimated Total Annual Burden
Hours: 630,000.
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.
E:\FR\FM\23JAN1.SGM
23JAN1
Federal Register / Vol. 74, No. 14 / Friday, January 23, 2009 / Notices
Approved: January 13, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–1317 Filed 1–22–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8023
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 Form
8023, Elections Under Section 338 for
Corporations Making Qualified Stock
Purchases.
DATES: Written comments should be
received on or before March 24, 2009 to
be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, 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 Allan Hopkins, at
(202) 622–6665, or at Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Allan.M.Hopkins@irs.gov.
mstockstill on PROD1PC66 with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Elections Under Section 338 for
Corporations Making Qualified Stock
Purchases.
OMB Number: 1545–1428.
Form Number: 8023.
Abstract: Form 8023 is used by a
corporation that acquires the stock of
another corporation to elect to treat the
purchase of stock as a purchase of the
other corporation’s assets. This election
allows the acquiring corporation to
depreciate these assets and claim a
deduction on its income tax return. IRS
uses Form 8023 to determine if the
election is properly made and as a check
against the acquiring corporation’s
deduction for depreciation. The form is
VerDate Nov<24>2008
18:32 Jan 22, 2009
Jkt 217001
also used to determine if the selling
corporation reports the amount of sale
in its income.
Current Actions: There are no changes
being made to Form 8023 at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
201.
Estimated Time per Respondent: 12
hr., 44 min.
Estimated Total Annual Burden
Hours: 5,559.
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: January 13, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–1318 Filed 1–22–09; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Frm 00170
Fmt 4703
Sfmt 4703
4303
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Notice 2008–79
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 Notice
2008–XX, Tax Exempt Housing Bonds
and 2008 Housing Legislation.
DATES: Written comments should be
received on or before March 24, 2009 to
be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, Internal Revenue
Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of notice should be directed to
Allan Hopkins, at (202) 622–6665, or at
Internal Revenue Service, room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or through the
Internet, at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Tax Exempt Housing Bonds and
2008 Housing Legislation.
OMB Number: 1545–2119.
Notice Number: Notice 2008–79.
Abstract: This information is being
requested from issuers of tax-exempt
bonds who issue bonds subject to the
new volume cap or utilize proceeds of
mortgage revenue bonds to refinance
certain qualified subprime mortgage
loans, as provided in the Housing
Assistance Tax Act of 2008, enacted July
30, 2008 (‘‘2008 Housing Act’’). We are
asking issuers to report bonds issued
pursuant to the new volume cap on
existing form 8038 that is already
required to be filed in connection with
bond issues, and issuers of mortgage
revenue bonds to attach a schedule to
the 8038 providing a reasonable
estimate of the total expected principal
amount that will be utilized to refinance
qualified subprime mortgage loans. We
are asking issuers to file a second copy
of an existing IRS Form 8328 in order
to make the election to carry forward
additional volume cap provided under
E:\FR\FM\23JAN1.SGM
23JAN1
]]>Agencies
[Federal Register Volume 74, Number 14 (Friday, January 23, 2009)]
[Notices]
[Pages 4302-4303]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-131]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL-868-89]
Proposed Collection; Comment Request for Regulation Project
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 an
existing final regulation, INTL-868-89 (TD 8353), Information With
Respect to Certain Foreign-Owned Corporations (Sec. Sec. 1.6038A-2 and
1.6038A-3).
DATES: Written comments should be received on or before March 24, 2009
to be assured of consideration.
ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal
Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulations should be directed to Allan Hopkins at
Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622-6665, or through the Internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Information With Respect to Certain Foreign-Owned
Corporations.
OMB Number: 1545-1191.
Regulation Project Number: INTL-868-89 (Final).
Abstract: This regulation requires record maintenance, annual
information filing, and the authorization of the U.S. corporation to
act as an agent for IRS summons purposes. These requirements allow IRS
international examiners to better audit the tax returns of corporations
engaged in crossborder transactions with a related party.
Current Actions: There is no change to these existing regulations.
Type of Review: Extension of currently approved collection.
Affected Public: Individuals and business or other for-profit
organizations.
Estimated Number of Respondents: 63,000.
Estimated Time per Respondent: 10 hours.
Estimated Total Annual Burden Hours: 630,000.
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.
[[Page 4303]]
Approved: January 13, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-1317 Filed 1-22-09; 8:45 am]
BILLING CODE 4830-01-P
