Proposed Collection; Comment Request for Regulation Project, 26477 [E9-12687]
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Federal Register / Vol. 74, No. 104 / Tuesday, June 2, 2009 / Notices
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. E9–12684 Filed 6–1–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL–485–89]
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–485–89
(TD 8400), Taxation of Gain or Loss
from Certain Nonfunctional Currency
Transactions (Section 988 Transactions)
(Sections 1.988–0 through 1.988–5).
DATES: Written comments should be
received on or before August 3, 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 Carolyn N. Brown, (202)
622–6688, or at Internal Revenue
Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Carolyn.N.Brown@irs.gov.
VerDate Nov<24>2008
16:43 Jun 01, 2009
Jkt 217001
SUPPLEMENTARY INFORMATION:
Title: Taxation of Gain or Loss from
Certain Nonfunctional Currency
Transactions (Section 988 Transactions).
OMB Number: 1545–1131.
Regulation Project Number: INTL–
485–89.
Abstract: Internal Revenue Code
sections 988(c)(1)(D) and (E) allow
taxpayers to make elections concerning
the taxation of exchange gain or loss on
certain foreign currency denominated
transactions. In addition, Code sections
988(a)(1)(B) and 988(d) require
taxpayers to identify transactions which
generate capital gain or loss or which
are hedges of other transactions. This
regulation provides guidance on making
the elections and complying with the
identification rules.
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 businesses or other forprofit organizations.
Estimated Number of Respondents:
5,000.
Estimated Time per Respondent: 40
minutes.
Estimated Total Annual Burden
Hours: 3,333.
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
PO 00000
Frm 00117
Fmt 4703
Sfmt 4703
26477
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. E9–12687 Filed 6–1–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1066 and Schedule
Q (Form 1066)
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
1066, U.S. Real Estate Mortgage
Investment Conduit (REMIC) Income
Tax Return and Schedule Q (Form
1066), Quarterly Notice to Residual
Interest Holder of REMIC Taxable
Income or Net Loss Allocation.
DATES: Written comments should be
received on or before August 3, 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 Carolyn N. Brown,
(202) 622–6688, Internal Revenue
Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet at
Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Form 1066, U.S. Real Estate
Mortgage Investment Conduit (REMIC)
Income Tax Return and Schedule Q
(Form 1066), Quarterly Notice to
Residual Interest Holder of REMIC
Taxable Income or Net Loss Allocation.
OMB Number: 1545–1014.
Form Number: Form 1066 and
Schedule Q (Form 1066).
Abstract: Form 1066 and Schedule Q
(Form 1066) are used by a real estate
E:\FR\FM\02JNN1.SGM
02JNN1
]]>Agencies
[Federal Register Volume 74, Number 104 (Tuesday, June 2, 2009)]
[Notices]
[Page 26477]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-12687]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL-485-89]
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-485-89 (TD 8400), Taxation of Gain or
Loss from Certain Nonfunctional Currency Transactions (Section 988
Transactions) (Sections 1.988-0 through 1.988-5).
DATES: Written comments should be received on or before August 3, 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 Carolyn N. Brown, (202)
622-6688, or at Internal Revenue Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224, or through the Internet, at
Carolyn.N.Brown@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Taxation of Gain or Loss from Certain Nonfunctional Currency
Transactions (Section 988 Transactions).
OMB Number: 1545-1131.
Regulation Project Number: INTL-485-89.
Abstract: Internal Revenue Code sections 988(c)(1)(D) and (E) allow
taxpayers to make elections concerning the taxation of exchange gain or
loss on certain foreign currency denominated transactions. In addition,
Code sections 988(a)(1)(B) and 988(d) require taxpayers to identify
transactions which generate capital gain or loss or which are hedges of
other transactions. This regulation provides guidance on making the
elections and complying with the identification rules.
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 businesses or other
for-profit organizations.
Estimated Number of Respondents: 5,000.
Estimated Time per Respondent: 40 minutes.
Estimated Total Annual Burden Hours: 3,333.
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. E9-12687 Filed 6-1-09; 8:45 am]
BILLING CODE 4830-01-P
