Proposed Collection; Comment Request for Regulation Project, 13207-13208 [2010-5877]
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Federal Register / Vol. 75, No. 52 / Thursday, March 18, 2010 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL–536–89]
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,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning an
existing final regulation, INTL–536–89
(TD 8300), Registration Requirements
With Respect to Certain Debt
Obligations; Application of Repeal of 30
Percent Withholding by the Tax Reform
Act of 1984 (§ 1.1998 to be assured of
consideration).
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 information collection
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: Registration Requirements With
Respect to Certain Debt Obligations;
Application of Repeal of 30 Percent
Withholding by the Tax Reform Act of
1984.
OMB Number: 1545–1132.
Regulation Project Number: INTL–
536–89.
Abstract: Sections 165(j) and 1287(a)
of the Internal Revenue Code provide
that persons holding registrationrequired obligations in bearer form are
subject to certain penalties. These
sections also provide that certain
persons may be exempted from these
penalties if they comply with reporting
requirements with respect to ownership,
transfers, and payments on the
obligations. The reporting and
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17:08 Mar 17, 2010
Jkt 220001
recordkeeping requirements in this
regulation are necessary to ensure that
persons holding registration-required
obligations in bearer form properly
report interest and gain on disposition
of the obligations.
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: 5000.
Estimated Time per Respondent/
Recordkeeper: 10 minutes.
Estimated Total Annual Reporting/
Recordkeeping Hours: 852.
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 5, 2010.
R. Joseph Durbala,
IRS Tax Supervisory Analyst.
[FR Doc. 2010–5880 Filed 3–17–10; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
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13207
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL–362–88]
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, INTL–362–88
(TD 8618), Definition of a Controlled
Foreign Corporation, Foreign Base
Company Income and Foreign Personal
Holding Company Income of a
Controlled Foreign Corporation
(§§ 1.954–1 and 1.954–2).
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 regulations 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: Definition of a Controlled
Foreign Corporation, Foreign Base
Company Income and Foreign Personal
Holding Company Income of a
Controlled Foreign Corporation.
OMB Number: 1545–1068.
Regulation Project Number: INTL–
362–88.
Abstract: A U.S. shareholder of a
controlled foreign corporation is subject
to current U.S. taxation on the subpart
F income of the foreign corporation,
which consists of several categories of
income. The election and recordkeeping
requirements in the regulation are
necessary to exclude certain high-taxed
or active business income from subpart
F income or to include certain income
in the appropriate category of subpart F
E:\FR\FM\18MRN1.SGM
18MRN1
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
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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.
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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]
[Pages 13207-13208]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-5877]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL-362-88]
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, INTL-362-88 (TD 8618), Definition of a
Controlled Foreign Corporation, Foreign Base Company Income and Foreign
Personal Holding Company Income of a Controlled Foreign Corporation
(Sec. Sec. 1.954-1 and 1.954-2).
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 regulations 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: Definition of a Controlled Foreign Corporation, Foreign Base
Company Income and Foreign Personal Holding Company Income of a
Controlled Foreign Corporation.
OMB Number: 1545-1068.
Regulation Project Number: INTL-362-88.
Abstract: A U.S. shareholder of a controlled foreign corporation is
subject to current U.S. taxation on the subpart F income of the foreign
corporation, which consists of several categories of income. The
election and recordkeeping requirements in the regulation are necessary
to exclude certain high-taxed or active business income from subpart F
income or to include certain income in the appropriate category of
subpart F
[[Page 13208]]
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 for-profit 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
