Proposed Collection; Comment Request for Regulation Project, 55897 [E9-26012]
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Federal Register / Vol. 74, No. 208 / Thursday, October 29, 2009 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[IA–54–90]
Proposed Collection; Comment
Request for Regulation Project
dcolon on DSK2BSOYB1PROD with NOTICES
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, IA–54–90 (TD
8459), Settlement Funds (§§ 1.468B–1,
1.468B–2, 1.468B–3, and 1.468B–5).
DATES: Written comments should be
received on or before December 28, 2009
to be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, room 6242, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulation should be
directed to R. Joseph Durbala at (202)
622–3634, or at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Settlement Funds.
OMB Number: 1545–1299. Regulation
Project Number: IA–54–90.
Abstract: This regulation prescribes
reporting requirements for settlement
funds, which are funds established or
approved by a governmental authority
to resolve or satisfy certain liabilities,
such as those involving tort or breach of
contract. The regulation relates to the
tax treatment of transfers to these funds,
the taxation of income earned by the
funds, and the tax treatment of
distributions made by the funds.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals, business
or other for-profit organizations, not forprofit institutions, farms and Federal,
state, local or tribal governments.
Estimated Number of Respondents:
1,500.
VerDate Nov<24>2008
15:20 Oct 28, 2009
Jkt 220001
Estimated Time per Respondent: 2
hours, 22 minutes.
Estimated Total Annual Burden
Hours: 3,542.
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: October 21, 2009.
R. Joseph Durbala,
IRS Supervisory Tax Analyst.
[FR Doc. E9–26012 Filed 10–28–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 2063
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
PO 00000
Frm 00094
Fmt 4703
Sfmt 4703
55897
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
2063, U.S. Departing Alien Income Tax
Statement.
DATES: Written comments should be
received on or before December 28, 2009
to be assured of consideration.
ADDRESSES: Direct all written comments
to Glenn Kirkland, Internal Revenue
Service, Room 6242, 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 R. Joseph Durbala
at Internal Revenue Service, room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
3634, or through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: U.S. Departing Alien Income
Tax Statement.
OMB Number: 1545–0138.
Form Number: 2063.
Abstract: Form 2063 is used by a
departing resident alien against whom a
termination assessment has not been
made, or a departing nonresident alien
who has no taxable income from United
States sources, to certify that they have
satisfied all U.S. income tax obligations.
The data is used by the IRS to certify
that departing aliens have complied
with U.S. income tax laws.
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.
Estimated Number of Responses:
20,540.
Estimated Time per Response: 50
minutes.
Estimated Total Annual Burden
Hours: 17,049.
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
E:\FR\FM\29OCN1.SGM
29OCN1
]]>Agencies
[Federal Register Volume 74, Number 208 (Thursday, October 29, 2009)]
[Notices]
[Page 55897]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-26012]
[[Page 55897]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[IA-54-90]
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, IA-54-90 (TD 8459), Settlement Funds
(Sec. Sec. 1.468B-1, 1.468B-2, 1.468B-3, and 1.468B-5).
DATES: Written comments should be received on or before December 28,
2009 to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn Kirkland, Internal
Revenue Service, room 6242, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulation should be directed to R. Joseph Durbala at
(202) 622-3634, or at Internal Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the
Internet, at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Settlement Funds.
OMB Number: 1545-1299. Regulation Project Number: IA-54-90.
Abstract: This regulation prescribes reporting requirements for
settlement funds, which are funds established or approved by a
governmental authority to resolve or satisfy certain liabilities, such
as those involving tort or breach of contract. The regulation relates
to the tax treatment of transfers to these funds, the taxation of
income earned by the funds, and the tax treatment of distributions made
by the funds.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals, business or other for-profit
organizations, not for-profit institutions, farms and Federal, state,
local or tribal governments.
Estimated Number of Respondents: 1,500.
Estimated Time per Respondent: 2 hours, 22 minutes.
Estimated Total Annual Burden Hours: 3,542.
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: October 21, 2009.
R. Joseph Durbala,
IRS Supervisory Tax Analyst.
[FR Doc. E9-26012 Filed 10-28-09; 8:45 am]
BILLING CODE 4830-01-P
