Proposed Collection; Comment Request for Form 1120-IC-DISC, Schedules K and P, 40643 [E9-19264]
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Federal Register / Vol. 74, No. 154 / Wednesday, August 12, 2009 / Notices
Service. The information on the form
will be used by the Director of Practice
to determine the qualifications and
eligibility of applicants for enrollment.
Form 23–EP is the application form for
Enrolled Retirement Plan Agents
(ERPA’s).
Current Actions: There are no changes
being made to the forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals and the
Federal government.
Estimated Number of Respondents:
4,800.
Estimated Time Per Respondent: 15
minutes.
Estimated Total Annual Burden
Hours: 1,200.
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 17, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–19263 Filed 8–11–09; 8:45 am]
BILLING CODE 4830–01–P
VerDate Nov<24>2008
16:38 Aug 11, 2009
Jkt 217001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1120–IC–DISC,
Schedules K and P
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–IC–DISC, Interest Charge Domestic
International Sales Corporation Return,
Schedule K (Form 1120–IC–DISC),
Shareholder’s Statement of IC–DISC
Distributions, and Schedule P (Form
1120–IC–DISC), Intercompany Transfer
Price or Commission.
DATES: Written comments should be
received on or before October 13, 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(s) and instructions
should be directed to Allan Hopkins at
Internal Revenue Service, room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622–
6665, or through the Internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Form 1120–IC–DISC, Interest
Charge Domestic International Sales
Corporation Return, Schedule K (Form
1120–IC–DISC), Shareholder’s
Statement of IC–DISC Distributions, and
Schedule P (Form 1120–IC–DISC),
Intercompany Transfer Price or
Commission.
OMB Number: 1545–0938.
Form Numbers: 1120–IC–DISC,
Schedules K and P.
Abstract: U.S. corporations that have
elected to be an interest charge domestic
international sales corporation (IC–
DISC) file Form 1120–IC–DISC to report
their income and deductions. The IC–
DISC is not taxed, but IC–DISC
shareholders are taxed on their share of
IC–DISC income. IRS uses Form 1120–
PO 00000
Frm 00083
Fmt 4703
Sfmt 4703
40643
IC–DISC to check the IC–DISC’s
computation of income. Schedule K
(Form 1120–IC–DISC) is used to report
income to shareholders. Schedule P
(Form 1120–IC–DISC) is used by the IC–
DISC to report its dealings with related
suppliers.
Current Actions: There are no changes
being made to the forms at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations and individuals or
households.
Estimated Number of Respondents:
1,200.
Estimated Time per Respondent: 201
hours, 57 minutes.
Estimated Total Annual Burden
Hours: 242,340.
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 31, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–19264 Filed 8–11–09; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\12AUN1.SGM
12AUN1
]]>Agencies
[Federal Register Volume 74, Number 154 (Wednesday, August 12, 2009)]
[Notices]
[Page 40643]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-19264]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1120-IC-DISC,
Schedules K and P
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-IC-DISC, Interest Charge Domestic International Sales
Corporation Return, Schedule K (Form 1120-IC-DISC), Shareholder's
Statement of IC-DISC Distributions, and Schedule P (Form 1120-IC-DISC),
Intercompany Transfer Price or Commission.
DATES: Written comments should be received on or before October 13,
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(s) and instructions should be directed to Allan
Hopkins at Internal Revenue Service, room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or at (202) 622-6665, or through the
Internet at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Form 1120-IC-DISC, Interest Charge Domestic International
Sales Corporation Return, Schedule K (Form 1120-IC-DISC), Shareholder's
Statement of IC-DISC Distributions, and Schedule P (Form 1120-IC-DISC),
Intercompany Transfer Price or Commission.
OMB Number: 1545-0938.
Form Numbers: 1120-IC-DISC, Schedules K and P.
Abstract: U.S. corporations that have elected to be an interest
charge domestic international sales corporation (IC-DISC) file Form
1120-IC-DISC to report their income and deductions. The IC-DISC is not
taxed, but IC-DISC shareholders are taxed on their share of IC-DISC
income. IRS uses Form 1120-IC-DISC to check the IC-DISC's computation
of income. Schedule K (Form 1120-IC-DISC) is used to report income to
shareholders. Schedule P (Form 1120-IC-DISC) is used by the IC-DISC to
report its dealings with related suppliers.
Current Actions: There are no changes being made to the forms at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations and
individuals or households.
Estimated Number of Respondents: 1,200.
Estimated Time per Respondent: 201 hours, 57 minutes.
Estimated Total Annual Burden Hours: 242,340.
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 31, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-19264 Filed 8-11-09; 8:45 am]
BILLING CODE 4830-01-P
