Proposed Collection: Comment Request for Regulation Project, 10343 [E9-4966]
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Federal Register / Vol. 74, No. 45 / Tuesday, March 10, 2009 / Notices
Partnerships and Certain Foreign
Corporations.
OMB Number: 1545–1617. Regulation
Project Number: REG–124069–02, REG–
118966–97.
Abstract: REG–124069–02: Treasury
Regulation 1.6038–3 requires certain
United States person who own interests
in controlled foreign partnerships to
annually report information to the IRS
on Form 8865. This regulation amends
the reporting rules under Treasury
Regulation section 1.6038-e to provide
that a U.S. person must follow the filing
requirements that are specified in the
instructions for Form 8865 when the
U.S. person must file Form 8865 and the
foreign partnership completes and files
Form 1065 or Form 1065–B. REG–
118966–97: Section 6038 requires
certain U.S. persons who own interest
in controlled foreign partnerships or
certain foreign corporations to annually
report information to the IRS. This
regulation provides reporting rules to
identify foreign partnerships and foreign
corporations which are controlled by
U.S. persons.
Current Actions: There are no changes
to these existing regulations.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit institutions and individuals or
households.
Estimated Number of Respondents:
600.
Estimated Total Burden Hours: 500.
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)
VerDate Nov<24>2008
15:20 Mar 09, 2009
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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: February 23, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–4957 Filed 3–9–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–139768–02]
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, REG–139768–
02 (TD 9134), Excise Tax Relating to
Structured Settlement Factoring
Transactions.
DATES: Written comments should be
received on or before May 11, 2009.
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 regulation 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.
10343
Abstract: The regulations provide
rules relating to the manner and method
of reporting and paying the 40 percent
excise tax imposed by section 5891 of
the Internal Revenue Code with respect
to acquiring of structured payment
rights.
Current Actions: This regulation has
gone final.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals or
households.
Estimated Number of Respondents: 4.
Estimated Time per Respondent: 30
min.
Estimated Total Annual Burden
Hours: 2.
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.
SUPPLEMENTARY INFORMATION:
Title: Excise Tax Relating to
Structured Settlement Factoring
Transactions.
OMB Number: 1545–1824.
Regulation Project Number: REG–
139768–02.
Approved: February 23, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–4966 Filed 3–9–09; 8:45 am]
BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 74, Number 45 (Tuesday, March 10, 2009)]
[Notices]
[Page 10343]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-4966]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-139768-02]
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, REG-139768-02 (TD 9134), Excise Tax Relating
to Structured Settlement Factoring Transactions.
DATES: Written comments should be received on or before May 11, 2009.
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 regulation 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: Excise Tax Relating to Structured Settlement Factoring
Transactions.
OMB Number: 1545-1824.
Regulation Project Number: REG-139768-02.
Abstract: The regulations provide rules relating to the manner and
method of reporting and paying the 40 percent excise tax imposed by
section 5891 of the Internal Revenue Code with respect to acquiring of
structured payment rights.
Current Actions: This regulation has gone final.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals or households.
Estimated Number of Respondents: 4.
Estimated Time per Respondent: 30 min.
Estimated Total Annual Burden Hours: 2.
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: February 23, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-4966 Filed 3-9-09; 8:45 am]
BILLING CODE 4830-01-P
