Proposed Collection; Comment Request for Regulation Project, 47312 [E9-22200]

Download as PDF 47312 Federal Register / Vol. 74, No. 177 / Tuesday, September 15, 2009 / Notices Dated: September 10, 2009. Ira L. Mills, Paperwork Clearance Officer, Office of Thrift Supervision. [FR Doc. E9–22167 Filed 9–14–09; 8:45 am] BILLING CODE 6720–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service [LR–311–81] 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, LR–311–81 (T.D. 7924), Penalties for Underpayment of Deposits and Overstated Deposit Claims, and Time for Filing Information Returns of Owners, Officers and Directors of Foreign Corporations (section 1.6046–1). DATES: Written comments should be received on or before November 16, 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 Evelyn J. Mack at Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202) 622–7381, or through the Internet at Evelyn.J.Mack@irs.gov. sroberts on DSKD5P82C1PROD with NOTICES SUPPLEMENTARY INFORMATION: Title: Penalties for Underpayment of Deposits and Overstated Deposit Claims, and Time For Filing Information Returns of Owners, Officers and Directors of Foreign Corporations. OMB Number: 1545–0794. Regulation Project Number: LR–311– 81. Abstract: These regulations relate to the penalty for underpayment of deposits and the penalty for overstated VerDate Nov<24>2008 19:12 Sep 14, 2009 Jkt 217001 deposit claims, and to the time for filing information returns of owners, officers and directors of foreign corporations. Internal Revenue Code section 6046 requires information returns with respect to certain foreign corporations, and the regulations provide the date by which these returns must be filed. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households, business or other-for-profit organizations, and not-for-profit institutions. The burden for section 6046–1 is entirely reflected on Form 5471. 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. Approved: September 8, 2009. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. E9–22200 Filed 9–14–09; 8:45 am] BILLING CODE 4830–01–P PO 00000 Frm 00128 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8582–CR 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 8582–CR, Passive Activity Credit Limitations. DATES: Written comments should be received on or before November 16, 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 Evelyn J. Mack at Internal Revenue Service, (202) 622– 7381, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the Internet at Evelyn.J.Mack@irs.gov. SUPPLEMENTARY INFORMATION: Title: Passive Activity Credit Limitations. OMB Number: 1545–1034. Form Number: 8582–CR. Abstract: Under Internal Revenue Code section 469, credits from passive activities, to the extent they do not exceed the tax attributable to net passive income, are not allowed, Form 8582–CR is used to figure the passive activity credit allowed and the amount of credit to be reported on the tax return. 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: 300,000. Estimated Time per Respondent: 14 hr., 53 min. Estimated Total Annual Burden Hours: 2,370,600. E:\FR\FM\15SEN1.SGM 15SEN1

Agencies

[Federal Register Volume 74, Number 177 (Tuesday, September 15, 2009)]
[Notices]
[Page 47312]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-22200]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[LR-311-81]


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, LR-311-81 (T.D. 7924), Penalties for 
Underpayment of Deposits and Overstated Deposit Claims, and Time for 
Filing Information Returns of Owners, Officers and Directors of Foreign 
Corporations (section 1.6046-1).

DATES: Written comments should be received on or before November 16, 
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 Evelyn J. Mack at 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., 
Washington, DC 20224, or at (202) 622-7381, or through the Internet at 
Evelyn.J.Mack@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Penalties for Underpayment of Deposits and Overstated 
Deposit Claims, and Time For Filing Information Returns of Owners, 
Officers and Directors of Foreign Corporations.
    OMB Number: 1545-0794.
    Regulation Project Number: LR-311-81.
    Abstract: These regulations relate to the penalty for underpayment 
of deposits and the penalty for overstated deposit claims, and to the 
time for filing information returns of owners, officers and directors 
of foreign corporations. Internal Revenue Code section 6046 requires 
information returns with respect to certain foreign corporations, and 
the regulations provide the date by which these returns must be filed.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other-for-
profit organizations, and not-for-profit institutions.
    The burden for section 6046-1 is entirely reflected on Form 5471.
    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.

    Approved: September 8, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-22200 Filed 9-14-09; 8:45 am]
BILLING CODE 4830-01-P
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