Proposed Collection; Comment Request for Regulation Project, 5859 [2010-2371]
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srobinson on DSKHWCL6B1PROD with NOTICES
Federal Register / Vol. 75, No. 23 / Thursday, February 4, 2010 / Notices
Service, room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of notice should be directed to
Allan Hopkins, (202) 622–6665, at
Internal Revenue Service, room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Temporary Regulations To Be
Issued Under Section 1(h) of the
Internal Revenue Code (Applying
Section 1(h) to Capital Gain Dividends
of RICs and REITs).
OMB Number: 1545–1565.
Notice Number: Notice 97–64.
Abstract: Notice 97–64 describes
temporary regulations that will permit
Regulated Investment Companies (RICs)
and Real Estate Investment Trusts
(REITs) to distribute multiple classes of
capital gain dividends.
Current Actions: There are no changes
being made to the notice at this time.
This submission is being made for
renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and individuals.
The burden for the collection of
information in sections 9 and 10 of
Notice 97–64 is reflected in the burden
for Form 1099–DIV and Form 2439.
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
VerDate Nov<24>2008
17:31 Feb 03, 2010
Jkt 220001
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: January 4, 2010.
R. Joseph Durbala,
Supervisory Tax Analyst.
[FR Doc. 2010–2372 Filed 2–3–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG–251698–96]
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–251698–
96 (TD 8869), Subchapter S Subsidiaries
(§§ 1.1361–3, 1.1361–5, and 1.1362–8).
DATES: Written comments should be
received on or before April 5, 2010 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 this regulation should be
directed to Allan Hopkins, at (202) 622–
6665, or at the Internal Revenue Service,
room 6129, 1111 Constitution Avenue,
NW., Washington, DC 20224, or through
the Internet at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Subchapter S Subsidiaries.
OMB Number: 1545–1590.
Regulation Project Number: REG–
251698–96.
Abstract: This regulation relates to the
treatment of corporate subsidiaries of S
corporations and interprets the rules
added to the Internal Revenue Code by
section 1308 of the Small Business Job
PO 00000
Frm 00104
Fmt 4703
Sfmt 9990
5859
Protection Act of 1996. The collection of
information required in the regulation is
necessary for a taxpayer to obtain,
retain, or terminate S corporation
treatment.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations, individuals,
and farms.
Estimated Number of Respondents:
10,660.
Estimated Time per Respondent: 57
minutes.
Estimated Total Annual Reporting
Burden Hours: 10,110.
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: January 4, 2010.
R. Joseph Durbala,
Supervisory Tax Analyst.
[FR Doc. 2010–2371 Filed 2–3–10; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\04FEN1.SGM
04FEN1
]]>Agencies
[Federal Register Volume 75, Number 23 (Thursday, February 4, 2010)]
[Notices]
[Page 5859]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-2371]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-251698-96]
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-251698-96 (TD 8869), Subchapter S
Subsidiaries (Sec. Sec. 1.1361-3, 1.1361-5, and 1.1362-8).
DATES: Written comments should be received on or before April 5, 2010
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 this regulation should be directed to Allan Hopkins, at (202)
622-6665, or at the Internal Revenue Service, room 6129, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the Internet
at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Subchapter S Subsidiaries.
OMB Number: 1545-1590.
Regulation Project Number: REG-251698-96.
Abstract: This regulation relates to the treatment of corporate
subsidiaries of S corporations and interprets the rules added to the
Internal Revenue Code by section 1308 of the Small Business Job
Protection Act of 1996. The collection of information required in the
regulation is necessary for a taxpayer to obtain, retain, or terminate
S corporation treatment.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations,
individuals, and farms.
Estimated Number of Respondents: 10,660.
Estimated Time per Respondent: 57 minutes.
Estimated Total Annual Reporting Burden Hours: 10,110.
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: January 4, 2010.
R. Joseph Durbala,
Supervisory Tax Analyst.
[FR Doc. 2010-2371 Filed 2-3-10; 8:45 am]
BILLING CODE 4830-01-P
