Proposed Collection; Comment Request for Notice 2009-83, 57394 [E9-26647]

Download as PDF 57394 Federal Register / Vol. 74, No. 213 / Thursday, November 5, 2009 / Notices 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 15, 2009. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. E9–26646 Filed 11–4–09; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Notice 2009–83 erowe on DSK5CLS3C1PROD 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 Notice 2009–83, Credit for Carbon Dioxide Sequestration under Section 45Q. DATES: Written comments should be received on or before January 4, 2010 to be assured of consideration. ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal Revenue Service, room 6242, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of notice 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: Credit for Carbon Dioxide Sequestration under Section 45Q. OMB Number: 1545–2153. Notice Number: Notice 2009–83 (NOT–151370–08). Abstract: The proposed notice sets forth interim guidance, pending the issuance of regulations, relating to the VerDate Nov<24>2008 14:57 Nov 04, 2009 Jkt 220001 credit for carbon dioxide sequestration (CO2 sequestration credit) under § 45Q of the Internal Revenue Code. Current Actions: This is a new collection. There are no changes being made to the notice at this time. Type of Review: Extension of currently approved collection. Affected Public: Business and forprofit. Estimated Number of Respondents: 30. Estimated Average Time per Respondent: 6 hrs. Estimated Total Annual Burden Hours: 180 hrs. 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 29, 2009. R. Joseph Durbala, IRS Supervisory Tax Analyst. [FR Doc. E9–26647 Filed 11–4–09; 8:45 am] BILLING CODE 4830–01–P PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8869 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 8869, Qualified Subchapter S Subsidiary Election. DATES: Written comments should be received on or before January 4, 2010 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, (202) 622–3634, Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224. SUPPLEMENTARY INFORMATION: Title: Qualified Subchapter S Subsidiary Election. OMB Number: 1545–1700. Form Number: 8869. Abstract: Effective for tax years beginning after December 31, 1996, Internal Revenue Code section 1361(b)(3) allows an S corporation to own a corporate subsidiary, but only if it is wholly owned. To do so, the parent S corporation must elect to treat the wholly owned subsidiary as a qualified subchapter S subsidiary (QSub). Form 8869 is used to make this election. Current Actions: There are no changes being made to the form at this time. Affected Public: Businesses or other for-profit organizations. Estimated Number of Respondents: 5,000. Estimated Time per Respondent: 8 hrs., 9 mins. Estimated Total Annual Burden Hours: 40,750. 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 E:\FR\FM\05NON1.SGM 05NON1

Agencies

[Federal Register Volume 74, Number 213 (Thursday, November 5, 2009)]
[Notices]
[Page 57394]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-26647]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 2009-83

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 2009-83, Credit for Carbon Dioxide Sequestration under Section 
45Q.

DATES: Written comments should be received on or before January 4, 2010 
to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal 
Revenue Service, room 6242, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of notice 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: Credit for Carbon Dioxide Sequestration under Section 45Q.
    OMB Number: 1545-2153.
    Notice Number: Notice 2009-83 (NOT-151370-08).
    Abstract: The proposed notice sets forth interim guidance, pending 
the issuance of regulations, relating to the credit for carbon dioxide 
sequestration (CO2 sequestration credit) under Sec.  45Q of 
the Internal Revenue Code.
    Current Actions: This is a new collection. There are no changes 
being made to the notice at this time.
    Type of Review: Extension of currently approved collection.
    Affected Public: Business and for-profit.
    Estimated Number of Respondents: 30.
    Estimated Average Time per Respondent: 6 hrs.
    Estimated Total Annual Burden Hours: 180 hrs.
    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 29, 2009.
R. Joseph Durbala,
IRS Supervisory Tax Analyst.
[FR Doc. E9-26647 Filed 11-4-09; 8:45 am]
BILLING CODE 4830-01-P
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