Proposed Collection; Comment Request for Notice 2003-67, 42161-42162 [E9-19947]
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Federal Register / Vol. 74, No. 160 / Thursday, August 20, 2009 / Notices
Approved: August 10, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–19950 Filed 8–19–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedures 97–
36, 97–38, 97–39, 2002–9, 2008–52, and
2009–XX
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
Revenue Procedures 97–36, 97–38, 97–
39, and 2002–9, Changes in Methods of
Accounting.
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 regulations 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.
sroberts on DSKD5P82C1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Changes in Methods of
Accounting.
OMB Number: 1545–1551. Revenue
Procedure Number: Revenue Procedures
97–36, 97–38, 97–39, 2002–9. 2008–52,
and 2009–XX.
Abstract: The information collected in
the four revenue procedures is required
in order for the Commissioner to
determine whether the taxpayer
properly is requesting to change its
method of accounting and the terms and
conditions of the change.
Current Actions: Revenue Procedure
2009–XX is being added to this
VerDate Nov<24>2008
16:07 Aug 19, 2009
Jkt 217001
collection and modifies the collections
currently associated with this OMB
number. This action resulted in a
burden increase of 1215.85 hours and
815 new filers affected by this
collection.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organizations, not-for-profit institutions,
and farms.
Estimated Number of Respondents:
14,065.
Estimated Time per Respondent: 1
hour, 5 minutes.
Estimated Total Annual Burden
Hours: 15,191.85.
The following paragraph applies to all
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.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–19948 Filed 8–19–09; 8:45 am]
BILLING CODE 4830–01–P
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42161
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Notice 2003–67
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 Notice
2003–67, Notice on Information
Reporting for Payments in Lieu of
Dividends.
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 regulations 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: Notice on Information Reporting
for Payments in Lieu of Dividends.
Notice Number: 1545–1858.
Abstract: Notice 2003–67 provides
guidance to brokers and individuals
regarding provisions in the Jobs and
Growth Tax Relief Reconciliation Act of
2003. The notice provides rules for
brokers to use in determining loanable
shares and rules for allocating
transferred shares for purposes of
determining payments in lieu of
dividend reportable to individuals.
These rules require brokers to comply
with certain recordkeeping
requirements to use the favorable rules
for determining loanable shares and for
allocating transferred shares that may
give rise to payments in lieu of
dividends.
Current Actions: There are no changes
being made to the notice at this time.
Type of Review: Extension of a
currently approved collection.
E:\FR\FM\20AUN1.SGM
20AUN1
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
]]>Agencies
[Federal Register Volume 74, Number 160 (Thursday, August 20, 2009)]
[Notices]
[Pages 42161-42162]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-19947]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Notice 2003-67
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
Notice 2003-67, Notice on Information Reporting for Payments in Lieu of
Dividends.
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 regulations 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: Notice on Information Reporting for Payments in Lieu of
Dividends.
Notice Number: 1545-1858.
Abstract: Notice 2003-67 provides guidance to brokers and
individuals regarding provisions in the Jobs and Growth Tax Relief
Reconciliation Act of 2003. The notice provides rules for brokers to
use in determining loanable shares and rules for allocating transferred
shares for purposes of determining payments in lieu of dividend
reportable to individuals. These rules require brokers to comply with
certain recordkeeping requirements to use the favorable rules for
determining loanable shares and for allocating transferred shares that
may give rise to payments in lieu of dividends.
Current Actions: There are no changes being made to the notice at
this time.
Type of Review: Extension of a currently approved collection.
[[Page 42162]]
Affected Public: Business or other-for-profit 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
