Proposed Collection; Comment Request for Regulation Project, 25802-25803 [E9-12454]
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Federal Register / Vol. 74, No. 102 / Friday, May 29, 2009 / Notices
of publication of this notice. Copies of
the submission(s) may be obtained by
calling the Treasury Bureau Clearance
Officer listed. Comments regarding this
information collection should be
addressed to the OMB reviewer listed
and to the Treasury Department
Clearance Officer, Department of the
Treasury, Room 11020, 1750
Pennsylvania Avenue, NW.,
Washington, DC 20220.
DATES: Written comments should be
received on or before June 29, 2009 to
be assured of consideration.
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Office of the Procurement Executive
OMB Number: 1505–0208.
Type of Review: New collection.
Title: Terrorism Risk Insurance
Program Cap on Annual Liability.
Description: Section 103 of the
Terrorism Risk Insurance Act of 2002
(the Act), as amended by the
Reauthorization Act, sets a limit on the
annual liability for insured losses at
$100 billion. This section requires the
Secretary of the Treasury to notify
Congress not later than 15 days after the
date of an act of terrorism as to whether
aggregate insured losses are estimated to
exceed the cap. The Act, as amended,
also requires the Secretary to determine
the pro rata share of insured losses
under the Program when insured losses
exceed the cap, and to issue regulations
for carrying this out. In order to meet
these requirements, Treasury may need
to obtain loss information from involved
insurers. This would be accomplished
by the issuance of a ‘‘data call’’ to
ascertain insurer losses. In the event of
the imposition on insurers of a ‘‘pro rata
loss percentage’’, it will be necessary to
determine compliance when processing
insurer claims for payment of the
Federal share of compensation. This
would be accomplished by nominal
revision to the currently approved
Treasury form TRIP 02C, ‘‘Bordereau’’
or ‘‘Schedule C’’.
Respondents: Businesses or other forprofit institutions.
Estimated Total Reporting Burden:
1,000 hours.
Clearance Officer: Sally Clary, Senior
Insurance Analyst, Department of the
Treasury, 1500 Pennsylvania Avenue,
NW., Washington, DC 20220.
OMB Reviewer: OIRA Desk Officer,
Office of Management and Budget,
Room 10235, New Executive Office
Building, Washington, DC 20503,
oira_submission@omb.eop.gov.
Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E9–12533 Filed 5–28–09; 8:45 am]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review;
Comment Request
May 22, 2009.
The Department of the Treasury will
submit the following public information
collection requirement(s) to OMB for
review and clearance under the
Paperwork Reduction Act of 1995,
Public Law 104–13 on or after the date
of publication of this notice. Copies of
the submission(s) may be obtained by
calling the Treasury Bureau Clearance
Officer listed. Comments regarding this
information collection should be
addressed to the OMB reviewer listed
and to the Treasury Department
Clearance Officer, Department of the
Treasury, Room 11000, and 1750
Pennsylvania Avenue, NW.,
Washington, DC 20220.
DATES: Written comments should be
received on or before June 29, 2009, to
be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545–2127.
Type of Review: Extension.
Form: 8926.
Title: Disqualified Corporate Interest
Expense Disallowed Under Section
163(j) and Related Information.
Description: Pursuant to
Congressional direction to determine
whether the earnings stripping
limitation rule of Code Section 163(j)
was effective in curbing the erosion of
the U.S. tax base, CC:INTL, LMSB, and
the Treasury sought to create new Form
8926, Disqualified Corporate Interest
Expense Disallowed Under Section
163(j) and Related Information. The new
form is based on Code section 163(j) and
the related proposed regulations.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours:
7,560,000 hours.
OMB Number: 1545–2126.
Type of Review: Extension.
Form: 8932.
Title: Form 8932—Credit for
Employer Differential Wage Payments.
Description: Qualified employers will
file Form 8932 to claim the credit for
qualified differential wage payments
paid to qualified employees after June
17, 2008, and before January 1, 2010.
Authorized under I.R.C. section 45P.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 62,456
hours.
Clearance Officer: R. Joseph Durbala
(202) 622–3634, Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
PO 00000
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OMB Reviewer: Shagufta Ahmed (202)
395–7873, Office of Management and
Budget, Room 10235, New Executive
Office Building, Washington, DC 20503.
Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. E9–12536 Filed 5–28–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–208172–91]
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–208172–
91 [TD 8787], Basis Reduction Due to
Discharge of Indebtedness, (Sections
1.108–4, and 1.1017–1).
DATES: Written comments should be
received on or before May 30, 2006 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
regulations 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: Basis Reduction Due to
Discharge of Indebtedness.
OMB Number: 1545–1539.
Regulation Project Number: REG–
208172–91.
Abstract: This regulation provides
ordering rules for the reduction of bases
of property under Internal Revenue
Code sections 108 and 1017. The
regulation affects taxpayers that exclude
discharge of indebtedness from gross
income under Code section 108. The
collection of information is required for
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Federal Register / Vol. 74, No. 102 / Friday, May 29, 2009 / Notices
a taxpayer to elect to reduce the
adjusted bases of depreciable property
under section 108(b)(5), to elect to treat
section 1221(l) real property as either
depreciable property or depreciable real
property, and to account for a
partnership interest as either
depreciable property or depreciable real
property.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, and business or other forprofit organizations.
Estimated Number of Responses:
10,000.
Estimated Time Per Response: 1 hour.
Estimated Total Annual Burden
Hours: 10,000.
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.
Approved: May 21, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–12454 Filed 5–28–09; 8:45 am]
BILLING CODE; P
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Jkt 217001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[CO–8–91]
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–8–91 (TD
8643), Distributions of Stock and Stock
Rights (Section 1.305–5(b)(5)).
DATES: Written comments should be
received on or before July 28, 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 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: Distributions of Stock and Stock
Rights.
OMB Number: 1545–1438.
Regulation Project Number: CO–8–91.
Abstract: The requested information
is required to notify the Service that a
holder of preferred stock callable at a
premium by the issuer has made a
determination regarding the likelihood
of exercise of the right to call that is
different from the issuer’s
determination.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, and business or other forprofit organizations.
Estimated Number of Respondents:
2,000.
Estimated Time per Respondent: 10
minutes.
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25803
Estimated Total Annual Burden
Hours: 333.
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: May 18, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–12455 Filed 5–28–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[LR–27–83; LR–54–85]
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
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]]>Agencies
[Federal Register Volume 74, Number 102 (Friday, May 29, 2009)]
[Notices]
[Pages 25802-25803]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-12454]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-208172-91]
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-208172-91 [TD 8787], Basis Reduction Due
to Discharge of Indebtedness, (Sections 1.108-4, and 1.1017-1).
DATES: Written comments should be received on or before May 30, 2006 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
regulations 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: Basis Reduction Due to Discharge of Indebtedness.
OMB Number: 1545-1539.
Regulation Project Number: REG-208172-91.
Abstract: This regulation provides ordering rules for the reduction
of bases of property under Internal Revenue Code sections 108 and 1017.
The regulation affects taxpayers that exclude discharge of indebtedness
from gross income under Code section 108. The collection of information
is required for
[[Page 25803]]
a taxpayer to elect to reduce the adjusted bases of depreciable
property under section 108(b)(5), to elect to treat section 1221(l)
real property as either depreciable property or depreciable real
property, and to account for a partnership interest as either
depreciable property or depreciable real property.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, and business or other
for-profit organizations.
Estimated Number of Responses: 10,000.
Estimated Time Per Response: 1 hour.
Estimated Total Annual Burden Hours: 10,000.
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.
Approved: May 21, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-12454 Filed 5-28-09; 8:45 am]
BILLING CODE; P
