Proposed Collection; Comment Request for Form 6198, 34638 [E9-16884]
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Federal Register / Vol. 74, No. 135 / Thursday, July 16, 2009 / Notices
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: July 8, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–16883 Filed 7–15–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 6198
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
6198, At-Risk Limitations.
DATES: Written comments should be
received on or before September 14,
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 Dawn Bidne, at
(202) 622–3933, or at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet at
Dawn.E.Bidne@irs.gov.
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SUPPLEMENTARY INFORMATION:
Title: At-Risk Limitations.
OMB Number: 1545–0712.
Form Number: Form 6198.
Abstract: Internal Revenue Code
section 465 requires taxpayers to limit
their at-risk loss to the lesser of the loss
or their amount at risk. Form 6198 is
used by taxpayers to determine their
VerDate Nov<24>2008
15:08 Jul 15, 2009
Jkt 217001
deductible loss and by IRS to verify the
amount deducted.
Current Actions: There are no changes
being made to the form at this time.
However, there is a change in burden.
Previously the burden of this collection
was 914,419 hours however, after
analyzing the previous burden
computation and finding an error, the
burden computation has been reevaluated, resulting in a total burden of
753,186 hours.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and individuals,
not-for-profit institutions, and farms.
Estimated Number of Respondents:
230,332.
Estimated Time per Respondent:
3 hrs. 16 min.
Estimated Total Annual Burden
Hours: 753,186.
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: July 9, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–16884 Filed 7–15–09; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Frm 00090
Fmt 4703
Sfmt 4703
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1120–W
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
1120–W, Estimated Tax for
Corporations.
DATES: Written comments should be
received on or before September 14,
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
Internal Revenue Service, (202) 622–
6665, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Estimated Tax for Corporations.
OMB Number: 1545–0975.
Form Number: 1120–W.
Abstract: Under section 6655 of the
Internal Revenue Code, a corporation
with an income tax liability of $500 or
more must make four required
installments of estimated tax during the
tax year or be subject to a penalty for
failure to pay estimated income tax.
Form 1120–W is used by corporations to
compute their estimated income tax and
the amount of each required
installment.
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 organizations.
Estimated Number of Respondents:
900,000.
Estimated Time per Respondent: 14
hrs., 16 min.
Estimated Total Annual Burden
Hours: 12,831,766.
E:\FR\FM\16JYN1.SGM
16JYN1
]]>Agencies
[Federal Register Volume 74, Number 135 (Thursday, July 16, 2009)]
[Notices]
[Page 34638]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-16884]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 6198
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 6198, At-Risk Limitations.
DATES: Written comments should be received on or before September 14,
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 Dawn Bidne,
at (202) 622-3933, or at Internal Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the Internet
at Dawn.E.Bidne@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: At-Risk Limitations.
OMB Number: 1545-0712.
Form Number: Form 6198.
Abstract: Internal Revenue Code section 465 requires taxpayers to
limit their at-risk loss to the lesser of the loss or their amount at
risk. Form 6198 is used by taxpayers to determine their deductible loss
and by IRS to verify the amount deducted.
Current Actions: There are no changes being made to the form at
this time. However, there is a change in burden. Previously the burden
of this collection was 914,419 hours however, after analyzing the
previous burden computation and finding an error, the burden
computation has been re-evaluated, resulting in a total burden of
753,186 hours.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
individuals, not-for-profit institutions, and farms.
Estimated Number of Respondents: 230,332.
Estimated Time per Respondent: 3 hrs. 16 min.
Estimated Total Annual Burden Hours: 753,186.
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: July 9, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-16884 Filed 7-15-09; 8:45 am]
BILLING CODE 4830-01-P
