Proposed Collection; Comment Request for Revenue Procedure 2006-42, 13208 [2010-5875]
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13208
Federal Register / Vol. 75, No. 52 / Thursday, March 18, 2010 / Notices
sroberts on DSKD5P82C1PROD with NOTICES
income. The record-keeping and
election procedures allow the U.S.
shareholders and the IRS to know the
amount of the controlled foreign
corporation’s subpart F income.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of OMB
approval.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents/
Recordkeepers: 50,500.
Estimated Time per Respondent/
Recordkeeper: 1 hour.
Estimated Total Annual Reporting/
Recordkeeping Hours: 50,417.
The following paragraph applies to all
of the collections of 1information
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: March 5, 2010.
R. Joseph Durbala,
IRS Tax Supervisory Analyst.
[FR Doc. 2010–5877 Filed 3–17–10; 8:45 am]
BILLING CODE 4830–01–P
VerDate Nov<24>2008
17:08 Mar 17, 2010
Jkt 220001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Revenue Procedure 2006–
42
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
Revenue Procedure 2006–42 (RP–
135718–06), Automatic Consent to
Change Certain Elections Relating to the
Apportionment of Interest Expense,
Research and Experimental
Expenditures Under Section 1.861.
DATES: Written comments should be
received on or before May 17, 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 the revenue procedure should
be directed to Elaine Christophe, (202)
622–3179, or at Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Elaine.H.Christophe@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Automatic Consent to Change
Certain Elections Relating to the
Apportionment of Interest Expense,
Research and Experimental
Expenditures Under Section 1.861.
OMB Number: 1545–2040.
Revenue Procedure Number: Revenue
Procedure 2006–42.
Abstract: This revenue procedure
provides administrative guidance under
which a taxpayer may obtain automatic
consent to change (a) from the fair
market value method or from the
alternative tax book method to
apportion interest expense or (b) from
the sales method or the optional gross
income methods to apportion research
and experimental expenditures.
Current Actions: Extension of a
currently approved collection.
PO 00000
Frm 00137
Fmt 4703
Sfmt 4703
Affected Public: Business or other forprofit institutions, and individuals or
households.
Estimated Number of Respondents:
200.
Estimated Time per Respondent: 30
minutes.
Estimated Total Annual Burden
Hours: 100.
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: March 8, 2010.
R. Joseph Durbala,
IRS Tax Supervisory Analyst.
[FR Doc. 2010–5875 Filed 3–17–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0619]
Proposed Information Collection (IRIS)
Activity; Comment Request
AGENCY: Office of Information and
Technology, Department of Veterans
Affairs.
ACTION: Notice.
E:\FR\FM\18MRN1.SGM
18MRN1
]]>Agencies
[Federal Register Volume 75, Number 52 (Thursday, March 18, 2010)]
[Notices]
[Page 13208]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-5875]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure 2006-
42
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
Revenue Procedure 2006-42 (RP-135718-06), Automatic Consent to Change
Certain Elections Relating to the Apportionment of Interest Expense,
Research and Experimental Expenditures Under Section 1.861.
DATES: Written comments should be received on or before May 17, 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 the revenue procedure should be directed to Elaine
Christophe, (202) 622-3179, or at Internal Revenue Service, Room 6129,
1111 Constitution Avenue, NW., Washington, DC 20224, or through the
Internet, at Elaine.H.Christophe@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Automatic Consent to Change Certain Elections Relating to
the Apportionment of Interest Expense, Research and Experimental
Expenditures Under Section 1.861.
OMB Number: 1545-2040.
Revenue Procedure Number: Revenue Procedure 2006-42.
Abstract: This revenue procedure provides administrative guidance
under which a taxpayer may obtain automatic consent to change (a) from
the fair market value method or from the alternative tax book method to
apportion interest expense or (b) from the sales method or the optional
gross income methods to apportion research and experimental
expenditures.
Current Actions: Extension of a currently approved collection.
Affected Public: Business or other for-profit institutions, and
individuals or households.
Estimated Number of Respondents: 200.
Estimated Time per Respondent: 30 minutes.
Estimated Total Annual Burden Hours: 100.
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: March 8, 2010.
R. Joseph Durbala,
IRS Tax Supervisory Analyst.
[FR Doc. 2010-5875 Filed 3-17-10; 8:45 am]
BILLING CODE 4830-01-P
