Proposed Collection; Comment Request for Regulation Project, 20100 [E9-9892]
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20100
Federal Register / Vol. 74, No. 82 / Thursday, April 30, 2009 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[CO–30–92]
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, CO–30–92 (TD
8560), Consolidated Returns—Stock
Basis and Excess Loss Accounts,
earnings and Profits, Absorption of
Deductions and Losses, Joining and
Leaving Consolidated Groups,
Worthless Stock Loss, Nonapplicability
of Section 357(c), (§§ 1.1502–31,
1.1502–32, 1.1502–33, 1.1502–76).
DATES: Written comments should be
received on or before June 29, 2009 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this regulation should be
directed to R. Joseph Durbala, 202–622–
3634, Internal Revenue Service, Room
6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Consolidated Returns—Stock
Basis and Excess Loss Accounts,
Earnings and Profits, Absorption of
Deductions and Losses, Joining and
Leaving Consolidated Groups,
Worthless Stock Loss, Nonapplicability
of Section 357(c).
OMB Number: 1545–1344.
Regulation Project Number: CO–30–
92 (final).
Abstract: These regulations amend the
consolidated return investment
adjustment system, including the rules
for earnings and profits and excess loss
accounts. In addition, the regulations
provide special rules for allocating
consolidated income tax liability among
members and modify the method for
VerDate Nov<24>2008
15:35 Apr 29, 2009
Jkt 217001
allocating income when a corporation
enters or leaves a consolidated group.
Current Actions: There is no change to
the total burden of these final
regulations.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
52,049.
Estimated Time per Respondent: 22
minutes.
Estimated Total Annual Burden
Hours: 18,600.
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: April 14, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–9892 Filed 4–29–09; 8:45 am]
BILLING CODE 4830–01–P
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 13751
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
13751, Waiver of Right to Consistent
Agreement of Partnership Items and
Partnership-Level Determinations as to
Penalties, Additions to Tax, and
Additional Amounts.
DATES: Written comments should be
received on or before June 29, 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
at Internal Revenue Service, Room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
3634, or through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Waiver of Right to Consistent
Agreement of Partnership Items and
Partnership-Level Determinations as to
Penalties, Additions to Tax, and
Additional Amounts.
OMB Number: 1545–1969.
Form Number: 13751.
Abstract: The information requested
on Form 13751 (as required under
Announcement 2005–80) will be used to
determine the eligibility for
participation in the settlement initiative
of taxpayers related through TEFRA
partnerships to ineligible applicants.
Such determinations will involve
partnership items and partnership-level
determinations, as well as the
calculation of tax liabilities resolved
under this initiative, including penalties
and interest.
Current Actions: There are no changes
being made to the form at this time.
E:\FR\FM\30APN1.SGM
30APN1
]]>Agencies
[Federal Register Volume 74, Number 82 (Thursday, April 30, 2009)]
[Notices]
[Page 20100]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-9892]
[[Page 20100]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[CO-30-92]
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, CO-30-92 (TD 8560), Consolidated Returns--
Stock Basis and Excess Loss Accounts, earnings and Profits, Absorption
of Deductions and Losses, Joining and Leaving Consolidated Groups,
Worthless Stock Loss, Nonapplicability of Section 357(c), (Sec. Sec.
1.1502-31, 1.1502-32, 1.1502-33, 1.1502-76).
DATES: Written comments should be received on or before June 29, 2009
to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn Kirkland, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this regulation should be directed to R. Joseph Durbala, 202-
622-3634, Internal Revenue Service, Room 6129, 1111 Constitution Avenue
NW., Washington, DC 20224, or through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Consolidated Returns--Stock Basis and Excess Loss Accounts,
Earnings and Profits, Absorption of Deductions and Losses, Joining and
Leaving Consolidated Groups, Worthless Stock Loss, Nonapplicability of
Section 357(c).
OMB Number: 1545-1344.
Regulation Project Number: CO-30-92 (final).
Abstract: These regulations amend the consolidated return
investment adjustment system, including the rules for earnings and
profits and excess loss accounts. In addition, the regulations provide
special rules for allocating consolidated income tax liability among
members and modify the method for allocating income when a corporation
enters or leaves a consolidated group.
Current Actions: There is no change to the total burden of these
final regulations.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 52,049.
Estimated Time per Respondent: 22 minutes.
Estimated Total Annual Burden Hours: 18,600.
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: April 14, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-9892 Filed 4-29-09; 8:45 am]
BILLING CODE 4830-01-P
