Proposed Collection; Comment Request for Regulation Project, 48349-48350 [E9-22695]
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sroberts on DSKD5P82C1PROD with NOTICES
Federal Register / Vol. 74, No. 182 / Tuesday, September 22, 2009 / Notices
Estimated Total Burden Hours: 2,000
hours.
OMB Number: 1545–1814.
Type of Review: Extension.
Form: 1099–CAP.
Title: Changes in Corporate Control
and Capital Structure.
Description: Any corporation that
undergoes reorganization under
Regulation section 1.6043–4T with
stock, cash, and other property over
$100 million must file Form 1099–CAP
with the IRS shareholders.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 67
hours.
OMB Number: 1545–2140.
Type of Review: Extension.
Form: 8935, 8935–T.
Title: Form 8935—Airplane Payments
Report.
Description: Form 8935 will provide
to the employee, current or former, the
amount of the payment that was
received from the airline that is eligible
for rollover treatment into a Roth IRA.
Form 8935–T is a new transmittal form
developed for filing information
reporting Forms 8935, Airline Payments
Reports, with the Service via paper
filing.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 44
hours.
OMB Number: 1545–2143.
Type of Review: Extension.
Title: Notice 2009–26, Build America
Bonds and Direct Payment Subsidy
Implementation.
Description: This Notice provides
guidance on the new tax incentives for
Build America Bonds under § 54AA of
the Internal Revenue Code (‘‘Code’’) and
the implementation plans for the
refundable credit payment procedures
for these bonds. This Notice includes
guidance on the modified Build
America Bond program for Recovery
Zone Economic Development Bonds
under § 1400U–2 of the Code. This
Notice provides guidance on the initial
refundable credit payment procedures,
required elections, and information
reporting. This Notice solicits public
comments on the refundable credit
payment procedures for these bonds.
This Notice is intended to facilitate
prompt implementation of the Build
America Bond program and to enable
state and local governments to begin
issuing these bonds for authorized
purposes to promote economic recovery
and job creation.
Respondents: State, Local, and Tribal
Governments.
Estimated Total Burden Hours: 15,000
hours.
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OMB Number: 1545–1014.
Type of Review: Extension.
Form: 1066, Schedule Q (Form 1066).
Title: Form 1066, U.S. Real Estate
Mortgage Investment Conduit (REMIC)
Income Tax Return; Schedule Q (Form
1066) Quarterly Notice to Residual
Interest Holder of REMIC Taxable
Income or Net Loss.
Description: Form 1066 and Schedule
Q (Form 1066) are used by a real estate
mortgage investment conduit (REMIC)
to figure its tax liability and income and
other tax-related information to pass
through to its residual holders. IRS uses
the information to determine the correct
tax liability of the REMIC and its
residual holders.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours:
756,580 hours.
OMB Number: 1545–2001.
Type of Review: Extension.
Title: Rev. Proc. 2006–16, Renewal
Community Depreciation Provisions
Description: This revenue procedure
provides the time and manner for states
to make retroactive allocations of
commercial revitalization expenditure
amounts to certain buildings placed is
service in the expanded area of renewal
community pursuant to Sec. 1400E(g) of
the Internal Revenue Code.
Respondents: Businesses or other forprofits.
Estimated Total Burden Hours: 150
hours.
Clearance Officer: R. Joseph Durbala,
(202) 622–3634, Internal Revenue
Service, Room 6516, 1111 Constitution
Avenue, NW., Washington, DC 20224.
OMB Reviewer: Shagufta Ahmed,
(202) 395–7873, Office of Management
and Budget, Room 10235, New
Executive Office Building, Washington,
DC 20503.
Celina Elphage,
Treasury PRA Clearance Officer.
[FR Doc. E9–22783 Filed 9–21–09; 8:45 am]
48349
DATES: This notice is effective on
September 22, 2009.
FOR FURTHER INFORMATION CONTACT:
Wanda J. Rogers, Deputy Commissioner,
Financial Management Service, 401
14th Street, SW., Washington, DC;
telephone (202) 874–7000.
SUPPLEMENTARY INFORMATION: Pursuant
to U.S.C. 4314(c)(4), this notice is given
of the appointment of individuals to
serve as members of the FMS PRB. This
Board reviews the performance
appraisals of career senior executives
below the Assistant Commissioner level
and makes recommendations regarding
ratings, bonuses, and other personnel
actions. Four voting members constitute
a quorum. The names and titles of the
EMS PRB members are as follows:
Primary Members:
Wanda J. Rogers, Deputy Commissioner
Scott H. Johnson, Assistant
Commissioner, Debt Management
Services
Sheryl R. Morrow, Assistant
Commissioner, Federal Finance
Rita Bratcher, Assistant Commissioner,
Payment Management
Charles R. Simpson, Assistant
Commissioner, Information Resources
D. James Sturgill, Assistant
Commissioner, Govermentwide
Accounting
David Rebich, Assistant Commissioner,
Management (Chief Financial Officer)
Dated: September 8, 2009.
Wanda J. Rogers,
Deputy Commissioner.
[FR Doc. E9–22649 Filed 9–21–09; 8:45 am]
BILLING CODE M
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–124312–02]
Proposed Collection; Comment
Request for Regulation Project
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Financial Management Service
Senior Executive Service; Financial
Management Service Performance
Review Board (PRB)
AGENCY: Financial Management Service,
Treasury.
ACTION: Notice.
SUMMARY: This notice announces the
appointment of members to the
Financial Management Service (EMS)
Performance Review Board (PRB).
PO 00000
Frm 00129
Fmt 4703
Sfmt 4703
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
E:\FR\FM\22SEN1.SGM
22SEN1
sroberts on DSKD5P82C1PROD with NOTICES
48350
Federal Register / Vol. 74, No. 182 / Tuesday, September 22, 2009 / Notices
existing final regulation, REG–124312–
02, Golden Parachute Payments.
DATES: Written comments should be
received on or before November 23,
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: Golden Parachute Payments.
OMB Number: 1545–1851.
Regulation Project Number: REG–
124312–02.
Abstract: These regulations deny a
deduction for excess parachute
payments. A parachute payment is
payment in the nature of compensation
to a disqualified individual that is
contingent on a change in ownership or
control of a corporation. Certain
payments, including payments from a
small corporation, are exempt from the
definition of parachute payment if
certain requirements are met (such as
shareholder approval and disclosure
requirements).
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
800.
Estimated Time per Respondent: 9
minutes.
Estimated Total Annual Burden
Hours: 12,000.
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.
VerDate Nov<24>2008
21:23 Sep 21, 2009
Jkt 217001
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 15, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9–22695 Filed 9–21–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–116050–99]
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, REG–116050–
99, Stock Transfer Rules: Carryover of
Earnings and Taxes (§ 1.367(b)–1).
DATES: Written comments should be
received on or before November 23,
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 regulation should be
directed to Evelyn J. Mack, at (202) 622–
7381, or at Internal Revenue Service,
room 6516, 1111 Constitution Avenue,
PO 00000
Frm 00130
Fmt 4703
Sfmt 4703
NW., Washington, DC 20224, or through
the internet, at Evelyn.J.Mack@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Stock Transfer Rules: Carryover
of Earnings and Taxes.
OMB Number: 1545–1711.
Regulation Project Number: REG–
116050–99.
Abstract: The final regulations relate
to the carryover of certain tax attributes,
such as earnings and profits and foreign
income tax accounts, when two
corporations combine in a section
367(b) transaction.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
600.
Estimated Time per Respondent: 8
hours.
Estimated Total Annual Burden
Hours: 1,800.
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\22SEN1.SGM
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]]>Agencies
[Federal Register Volume 74, Number 182 (Tuesday, September 22, 2009)]
[Notices]
[Pages 48349-48350]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-22695]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-124312-02]
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
[[Page 48350]]
existing final regulation, REG-124312-02, Golden Parachute Payments.
DATES: Written comments should be received on or before November 23,
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: Golden Parachute Payments.
OMB Number: 1545-1851.
Regulation Project Number: REG-124312-02.
Abstract: These regulations deny a deduction for excess parachute
payments. A parachute payment is payment in the nature of compensation
to a disqualified individual that is contingent on a change in
ownership or control of a corporation. Certain payments, including
payments from a small corporation, are exempt from the definition of
parachute payment if certain requirements are met (such as shareholder
approval and disclosure requirements).
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 800.
Estimated Time per Respondent: 9 minutes.
Estimated Total Annual Burden Hours: 12,000.
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: September 15, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-22695 Filed 9-21-09; 8:45 am]
BILLING CODE 4830-01-P
