Proposed Collection; Comment Request for Regulation Project, 9024-9025 [2010-3928]

Download as PDF 9024 Federal Register / Vol. 75, No. 38 / Friday, February 26, 2010 / Notices 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: February 19, 2010. R. Joseph Durbala, IRS Supervisory Tax Analyst. [FR Doc. 2010–3923 Filed 2–25–10; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service [LR–213–76] Proposed Collection; Comment Request for Regulation Project sroberts on DSKD5P82C1PROD 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, VerDate Nov<24>2008 16:39 Feb 25, 2010 Jkt 220001 Public Law 104–13(44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an existing final regulation, LR–213–76 (TD 8095), Estate and Gift Taxes; Qualified Disclaimers of Property (Section 25.2518–2(b)). DATES: Written comments should be received on or before April 27, 2010 to be assured of consideration. ADDRESSES: Direct all written comments to R. Joe 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 Elaine Christophe, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202) 622– 3179, or through the Internet at Elaine.H.Christophe@irs.gov. SUPPLEMENTARY INFORMATION: Title: Estate and Gift Taxes; Qualified Disclaimers of Property. OMB Number: 1545–0959. Regulation Project Number: LR–213–76. Abstract: Internal Revenue Code section 2518 allows a person to disclaim an interest in property received by gift or inheritance. The interest is treated as if the disclaimant never received or transferred such interest for Federal gift tax purposes. A qualified disclaimer must be in writing and delivered to the transferor or trustee. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households. Estimated Number of Respondents: 2,000. Estimated Time per Respondent: 30 minutes. Estimated Total Annual Burden Hours: 1,000. 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 PO 00000 Frm 00130 Fmt 4703 Sfmt 4703 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 will 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: February 19, 2010. R. Joe Durbala, IRS Supervisory Tax Analyst. [FR Doc. 2010–3925 Filed 2–25–10; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service [FI–46–89] 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, FI–46–89 (T.D. 8641), Treatment of Acquisition of Certain Financial Institutions; Certain Tax Consequences of Federal Financial Assistance to Financial Institutions (§§ 1.597–2 and 1.597–4, 1.597–6 and 1.597–7). DATES: Written comments should be received on or before April 27, 2010 to be assured of consideration. ADDRESSES: Direct all written comments to R. Joe Durbala, Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224. E:\FR\FM\26FEN1.SGM 26FEN1 sroberts on DSKD5P82C1PROD with NOTICES Federal Register / Vol. 75, No. 38 / Friday, February 26, 2010 / Notices FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulation should be directed to Elaine H. Christophe at (202) 622–3179, or Elaine.H.Christophe@irs.gov, or Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224. SUPPLEMENTARY INFORMATION: Title: Treatment of Acquisition of Certain Financial Institutions; Certain Tax Consequences of Federal Financial Assistance to Financial Institutions. OMB Number: 1545–1300. Regulation Project Number: FI–46–89. Abstract: Recipients of Federal financial assistance (FFA) must maintain an account of FFA that is deferred from inclusion in gross income and subsequently recaptured. This information is used to determine the recipient’s tax liability. Also, tax not subject to collection must be reported and information must be provided if certain elections are made. 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, and the Federal Government. Estimated Number of Respondents: 500. Estimated Time per Respondent: 4 hours, 24 minutes. Estimated Total Annual Burden Hours: 2,200. 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 VerDate Nov<24>2008 16:39 Feb 25, 2010 Jkt 220001 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: February 19, 2010. R. Joe Durbala, IRS Tax Supervisory Analyst. [FR Doc. 2010–3928 Filed 2–25–10; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 8703 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 8703, Annual Certification of a Residential Rental Project. DATES: Written comments should be received on or before April 27, 2010 to be assured of consideration. ADDRESSES: Direct all written comments to R. Joe 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 Elaine Christophe at Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202) 622– 3179, or through the Internet at (Elaine.H.Christophe@irs.gov). SUPPLEMENTARY INFORMATION: Title: Annual Certification of a Residential Rental Project. OMB Number: 1545–1038. Form Number: 8703. Abstract: Form 8703 is used by the operator of a residential rental project to provide annual information that the IRS will use to determine whether a project PO 00000 Frm 00131 Fmt 4703 Sfmt 9990 9025 continues to be a qualified residential rental project under Internal Revenue Code section 142(d). If so, and certain other requirements are met, bonds issued in connection with the project are considered ‘‘exempt facility bonds’’ and the interest paid on them is not taxable to the recipient. 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: Business or other forprofit organizations. Estimated Number of Respondents: 6,000. Estimated Time per Respondent: 6 hours, 32 minutes. Estimated Total Annual Burden Hours: 39,180. 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: February 19, 2010. R. Joe Durbala, IRS Tax Supervisory Analyst. [FR Doc. 2010–3930 Filed 2–25–10; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\26FEN1.SGM 26FEN1

Agencies

[Federal Register Volume 75, Number 38 (Friday, February 26, 2010)]
[Notices]
[Pages 9024-9025]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-3928]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[FI-46-89]


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, FI-46-89 (T.D. 8641), Treatment of 
Acquisition of Certain Financial Institutions; Certain Tax Consequences 
of Federal Financial Assistance to Financial Institutions (Sec. Sec.  
1.597-2 and 1.597-4, 1.597-6 and 1.597-7).

DATES: Written comments should be received on or before April 27, 2010 
to be assured of consideration.

ADDRESSES: Direct all written comments to R. Joe Durbala, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

[[Page 9025]]


FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulation should be directed to Elaine H. Christophe at 
(202) 622-3179, or Elaine.H.Christophe@irs.gov, or Internal Revenue 
Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC 
20224.

SUPPLEMENTARY INFORMATION:
    Title: Treatment of Acquisition of Certain Financial Institutions; 
Certain Tax Consequences of Federal Financial Assistance to Financial 
Institutions.
    OMB Number: 1545-1300. Regulation Project Number: FI-46-89.
    Abstract: Recipients of Federal financial assistance (FFA) must 
maintain an account of FFA that is deferred from inclusion in gross 
income and subsequently recaptured. This information is used to 
determine the recipient's tax liability. Also, tax not subject to 
collection must be reported and information must be provided if certain 
elections are made.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
the Federal Government.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent: 4 hours, 24 minutes.
    Estimated Total Annual Burden Hours: 2,200.
    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: February 19, 2010.
R. Joe Durbala,
IRS Tax Supervisory Analyst.
[FR Doc. 2010-3928 Filed 2-25-10; 8:45 am]
BILLING CODE 4830-01-P
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