Proposed Collection; Comment Request for Form 1120, Schedule B, Schedule D, Schedule G, Schedule H, Schedule M-3, Schedule N, Schedule O, and Schedule PH, 42162-42163 [E9-19946]

Download as PDF 42162 Federal Register / Vol. 74, No. 160 / Thursday, August 20, 2009 / Notices Affected Public: Business or other-forprofit organizations. Estimated Number of Respondents: 600 hours. Estimated Average Time per Respondent: 100 hours. Estimated Total Annual Burden Hours: 60,000. 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: August 10, 2009. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. E9–19947 Filed 8–19–09; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY sroberts on DSKD5P82C1PROD with NOTICES Internal Revenue Service Proposed Collection; Comment Request for Form 1120, Schedule B, Schedule D, Schedule G, Schedule H, Schedule M–3, Schedule N, Schedule O, and Schedule PH AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. VerDate Nov<24>2008 16:07 Aug 19, 2009 Jkt 217001 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, U.S. Corp. Income Tax Return and its affiliated schedules. DATES: Written comments should be received on or before October 19, 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 Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202) 622– 3933, or through the Internet at Dawn.E.Bidne@irs.gov. SUPPLEMENTARY INFORMATION: Title: Form 1120—U.S. Corp. Income Tax Return, Schedule B—Additional Information for Schedule M–3 Filers, Schedule D—Capital Gains and Losses, Schedule G—Information of Certain Persons Owning the Corporation’s Voting Stock, Schedule H—Section 280H Limitations for a Personal Service Corporation (PSC), Schedule M–3—Net Income (Loss) Reconciliation for Corporations with Total Assets of $10 Million or More, Schedule N—Foreign Operations of U.S. Corporations, Schedule O—Consent Plan and Apportionment Schedule for a Controlled Group, and Schedule PH— U.S. Personal Holding. OMB Number: 1545–0123. Form Number: 1120, Schedule B, Schedule D, Schedule G, Schedule H, Schedule M–3, Schedule N, Schedule O, and Schedule PH. Abstract: Form 1120 is used by corporations to compute their taxable income and tax liability. Schedule D (Form 1120) is used by corporations to report gains and losses from the sale of capital assets. Schedule H (Form 1120) is used by personal service corporations to determine if they have met the minimum distribution requirements of section 280H. Schedule N (1120) is used by corporations that have assets in or business operations in a foreign country or a U.S. possession. Schedule O (Form 1120) will be used by corporations that are members of a controlled group to PO 00000 Frm 00116 Fmt 4703 Sfmt 4703 show the adoption, amendment, or termination of an apportionment plan. It will also be used to show the apportionment of taxable income, income tax, and other tax benefits for members of the controlled group. Schedule PH (Form 1120) is used by personal holding companies to figure the personal holding company tax under section 541. The IRS uses these forms to determine whether corporations have correctly computed their tax liability. Current Actions: Schedule G has been added to this collection resulting in a burden increase of 236,250 hours. In addition, various changes have been made to other forms under this approval number which decreased the burden by 16,487,149 hours. The new burden total for this collection is 345,452,006 hours. Type of Review: Revision of a currently approved collection. Affected Public: Business, or other for-profit organizations and farms. Estimated Number of Respondents: 5,775,633. Estimated Time per Respondent: 61 hours, 22 minutes. Estimated Total Annual Burden Hours: 354,453,006 hours. 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. E:\FR\FM\20AUN1.SGM 20AUN1 Federal Register / Vol. 74, No. 160 / Thursday, August 20, 2009 / Notices Approved: August 12, 2009. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. E9–19946 Filed 8–19–09; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Forms 8871 and 8453–X 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 8871, Political Organization Notice of Section 527 Status; Form 8453–X, Political Organization Declaration for Electronic Filing of Notice of Section 527 Status. DATES: Written comments should be received on or before October 19, 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 forms and instructions 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. sroberts on DSKD5P82C1PROD with NOTICES SUPPLEMENTARY INFORMATION: Title: Form 8871, Political Organization Notice of Section 527 Status; Form 8453–X, Political Organization Declaration for Electronic Filing of Notice of Section 527 Status. OMB Number: 1545–1693. Form Numbers: 8871 and 8453–X. Abstract: Public Law 106–230 as amended by Public Law 107–276, amended Internal Revenue Code section 527(i) to require certain political organizations to provide information to the IRS regarding their name and address, their purpose, and the names and addresses of their officers, highly VerDate Nov<24>2008 16:07 Aug 19, 2009 Jkt 217001 compensated employees, Board of Directors, and related entities within the meaning of section 168(h)(4)). Forms 8871 and 8453–X are used to report this information to the IRS. 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: Not-for-profit institutions. Estimated Number of Respondents: 5,000. Estimated Time per Respondent: 7 hours, 2 minutes. Estimated Total Annual Burden Hours: 35,195. 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: August 4, 2009. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. E9–19944 Filed 8–19–09; 8:45 am] BILLING CODE 4830–01–P PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 42163 DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 1045 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 21045, Application for Tentative Refund. DATES: Written comments should be received on or before October 19, 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, 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: Application for Tentative Refund. OMB Number: 1545–0098. Form Number: 1045. Abstract: Form 1045 is used by individuals, estates, and trusts to apply for a quick refund of taxes due to carryback of a net operating loss, unused general business credit, or claim of right adjustment under Internal Revenue Code section 1341(b). The information obtained is used to determine the validity of the application. 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: Individuals or households, business or other for-profit organizations, and farms. Estimated Number of Respondents: 65,220. Estimated Time per Respondent: 29 hours, 26 minutes. E:\FR\FM\20AUN1.SGM 20AUN1

Agencies

[Federal Register Volume 74, Number 160 (Thursday, August 20, 2009)]
[Notices]
[Pages 42162-42163]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-19946]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1120, Schedule B, 
Schedule D, Schedule G, Schedule H, Schedule M-3, Schedule N, Schedule 
O, and Schedule PH

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, U.S. Corp. Income Tax Return and its affiliated schedules.

DATES: Written comments should be received on or before October 19, 
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 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., 
Washington, DC 20224, or at (202) 622-3933, or through the Internet at 
Dawn.E.Bidne@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Form 1120--U.S. Corp. Income Tax Return, Schedule B--
Additional Information for Schedule M-3 Filers, Schedule D--Capital 
Gains and Losses, Schedule G--Information of Certain Persons Owning the 
Corporation's Voting Stock, Schedule H--Section 280H Limitations for a 
Personal Service Corporation (PSC), Schedule M-3--Net Income (Loss) 
Reconciliation for Corporations with Total Assets of $10 Million or 
More, Schedule N--Foreign Operations of U.S. Corporations, Schedule O--
Consent Plan and Apportionment Schedule for a Controlled Group, and 
Schedule PH--U.S. Personal Holding.
    OMB Number: 1545-0123.
    Form Number: 1120, Schedule B, Schedule D, Schedule G, Schedule H, 
Schedule M-3, Schedule N, Schedule O, and Schedule PH.
    Abstract: Form 1120 is used by corporations to compute their 
taxable income and tax liability. Schedule D (Form 1120) is used by 
corporations to report gains and losses from the sale of capital 
assets. Schedule H (Form 1120) is used by personal service corporations 
to determine if they have met the minimum distribution requirements of 
section 280H. Schedule N (1120) is used by corporations that have 
assets in or business operations in a foreign country or a U.S. 
possession. Schedule O (Form 1120) will be used by corporations that 
are members of a controlled group to show the adoption, amendment, or 
termination of an apportionment plan. It will also be used to show the 
apportionment of taxable income, income tax, and other tax benefits for 
members of the controlled group. Schedule PH (Form 1120) is used by 
personal holding companies to figure the personal holding company tax 
under section 541. The IRS uses these forms to determine whether 
corporations have correctly computed their tax liability.
    Current Actions: Schedule G has been added to this collection 
resulting in a burden increase of 236,250 hours. In addition, various 
changes have been made to other forms under this approval number which 
decreased the burden by 16,487,149 hours. The new burden total for this 
collection is 345,452,006 hours.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business, or other for-profit organizations and 
farms.
    Estimated Number of Respondents: 5,775,633.
    Estimated Time per Respondent: 61 hours, 22 minutes.
    Estimated Total Annual Burden Hours: 354,453,006 hours.
    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.


[[Page 42163]]


    Approved: August 12, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-19946 Filed 8-19-09; 8:45 am]
BILLING CODE 4830-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.