Proposed Collection; Comment Request for Notice 2008-79, 4303-4304 [E9-1319]

Download as PDF 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 mstockstill on PROD1PC66 with NOTICES 4304 Federal Register / Vol. 74, No. 14 / Friday, January 23, 2009 / Notices the 2008. This notice sets forth the procedures to be followed by service recipients and service providers in order to correct certain operational failures of a nonqualified deferred compensation plan to comply with § 409A(a). It also describes the types of operational failures that can be corrected under the notice. Current Actions: There are no changes being made to the notice at this time. Type of Review: This is an extension of a currently approved collection. Affected Public: State, local, or tribal governments. Estimated Number of Respondents: 100. Estimated Average Time Per Respondent: 2 hours. Estimated Total Annual Burden Hours: 300. 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 14, 2009. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. E9–1319 Filed 1–22–09; 8:45 am] BILLING CODE 4830–01–P VerDate Nov<24>2008 18:32 Jan 22, 2009 Jkt 217001 DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8931 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 8931, Agricultural Chemicals Security Credit. 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 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet, at Allan.M.Hopkins@irs.gov. 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 14, 2009. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. E9–1320 Filed 1–21–09; 8:45 am] BILLING CODE 4830–01–P SUPPLEMENTARY INFORMATION: Title: Agricultural Chemicals Security Credit. OMB Number: 1545–2122. Form Number: 8931. Abstract: This is a new form for tax year 2008 in response to Pub. L. 110– 246 Sec. 15343. The form allows taxpayers to calculate credits against income tax allowed by new provisions in law. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit institutions. Estimated Number of Respondents: 66,666. Estimated Time per Respondent: 4 hours, 40 minutes. Estimated Total Annual Burden Hours: 310,664. The following paragraph applies to all of the collections of information covered by this notice: PO 00000 Frm 00171 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE TREASURY Internal Revenue Service [EE–63–84: EE–96–85] Notice and Request for Comments 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 and existing temporary regulation, EE–63–84 E:\FR\FM\23JAN1.SGM 23JAN1

Agencies

[Federal Register Volume 74, Number 14 (Friday, January 23, 2009)]
[Notices]
[Pages 4303-4304]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-1319]


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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

[[Page 4304]]

the 2008. This notice sets forth the procedures to be followed by 
service recipients and service providers in order to correct certain 
operational failures of a nonqualified deferred compensation plan to 
comply with Sec.  409A(a). It also describes the types of operational 
failures that can be corrected under the notice.
    Current Actions: There are no changes being made to the notice at 
this time.
    Type of Review: This is an extension of a currently approved 
collection.
    Affected Public: State, local, or tribal governments.
    Estimated Number of Respondents: 100.
    Estimated Average Time Per Respondent: 2 hours.
    Estimated Total Annual Burden Hours: 300.
    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 14, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
 [FR Doc. E9-1319 Filed 1-22-09; 8:45 am]
BILLING CODE 4830-01-P
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