Proposed Collection; Comment Request for Regulation Project, 30904 [2010-13236]

Download as PDF 30904 Federal Register / Vol. 75, No. 105 / Wednesday, June 2, 2010 / Notices Current Actions: There is no change to this existing regulation. Internal Revenue Service Type of Review: Extension of a currently approved collection. [CO–11–91] (TD 8597); [CO–24–95] (TD8660) Affected Public: Business or other forprofit organizations. Proposed Collection; Comment Estimated Number of Respondents: Request for Regulation Project 2,200. Estimated Time per Respondent: 30 AGENCY: Internal Revenue Service (IRS), minutes. Treasury. Estimated Total Annual Burden ACTION: Notice and request for Hours: 1,050. comments. The following paragraph applies to all of the collections of information covered SUMMARY: The Department of the Treasury, as part of its continuing effort by this notice: An agency may not conduct or to reduce paperwork and respondent sponsor, and a person is not required to burden, invites the general public and respond to, a collection of information other Federal agencies to take this unless the collection of information opportunity to comment on proposed displays a valid OMB control number. and/or continuing information Books or records relating to a collection collections, as required by the of information must be retained as long Paperwork Reduction Act of 1995, as their contents may become material Public Law 104–13 (44 U.S.C. in the administration of any internal 3506(c)(2)(A)). revenue law. Generally, tax returns and Currently, the IRS is soliciting tax return information are confidential, comments concerning existing final as required by 26 U.S.C. 6103. regulations, CO–11–91 (TD 8597), Request for Comments: Comments Consolidated Groups and Controlled Groups-Intercompany Transactions and submitted in response to this notice will be summarized and/or included in the Related Rules (§ 1.1502–13), and CO– request for OMB approval. All 24–95 (TD 8660), Consolidated GroupsIntercompany Transactions and Related comments will become a matter of public record. Rules. Comments are invited on: (a) Whether DATES: Written comments should be the collection of information is received on or before August 2, 2010 to necessary for the proper performance of be assured of consideration. the functions of the agency, including ADDRESSES: Direct all written comments whether the information shall have to Gerald Shields, Room 6129, 1111 practical utility; (b) the accuracy of the Constitution Avenue, NW., Washington, agency’s estimate of the burden of the DC 20224. collection of information; (c) ways to FOR FURTHER INFORMATION CONTACT: enhance the quality, utility, and clarity Requests for additional information or of the information to be collected; (d) copies of the regulation should be ways to minimize the burden of the directed to Elaine Christophe, (202) collection of information on 622–3179, or at Internal Revenue respondents, including through the use Service, Room 6129, 1111 Constitution of automated collection techniques or Avenue, NW., Washington, DC 20224, other forms of information technology; or through the Internet, at and (e) estimates of capital or start-up Elaine.H.Christophe@irs.gov. costs and costs of operation, maintenance, and purchase of services SUPPLEMENTARY INFORMATION: Title: CO–11–91, Consolidated Groups to provide information. and Controlled Groups-Intercompany Approved: May 25, 2010. Transactions and Related Rules, and Gerald Shields, CO–24–95, Consolidated GroupsIRS Reports Clearance Officer. Intercompany Transactions and Related [FR Doc. 2010–13236 Filed 6–1–10; 8:45 am] Rules. BILLING CODE 4830–01–P OMB Number: 1545–1433. Regulation Project Number: CO–11– 91 (TD 8597). CO–24–95 (TD 8660). DEPARTMENT OF THE TREASURY Abstract: The regulations require common parents that make elections Internal Revenue Service under regulation section 1.1502–13 to [INTL–870–89] provide certain information. The information will be used to identify and Proposed Collection; Comment assure that the amount, location, timing Request for Regulation Project and attributes of intercompany transactions and corresponding items AGENCY: Internal Revenue Service (IRS), are properly maintained. Treasury. sroberts on DSKD5P82C1PROD with NOTICES DEPARTMENT OF THE TREASURY VerDate Mar<15>2010 19:08 Jun 01, 2010 Jkt 220001 PO 00000 Frm 00135 Fmt 4703 Sfmt 4703 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 notice of proposed rulemaking, INTL–870–89, Earnings Stripping (Section 163(j)). DATES: Written comments should be received on or before August 2, 2010 to be assured of consideration. ADDRESSES: Direct all written comments to Gerald Shields, 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: Earnings Stripping (Section 163(j)). OMB Number: 1545–1255. Regulation Project Number: INTL– 870–89. Abstract: Internal Revenue Code section 163(j) concerns the limitation on the deduction for certain interest paid by a corporation to a related person. This provision generally does not apply to an interest expense arising in a taxable year in which the payer corporation’s debt-equity ratio is 1.5 to 1 or less. Regulation section § 1.163(j)– 5(d) provides a special rule for adjusting the basis of assets acquired in a qualified stock purchase. This rule allows the taxpayer, in computing its debt-equity ratio, to elect to write off the basis of the stock of the acquired corporation over a fixed stock write-off period, instead of using the adjusted basis of the assets of the acquired corporation. 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. Estimated Number of Respondents: 2,300. Estimated Time per Respondent: 31 minutes. E:\FR\FM\02JNN1.SGM 02JNN1

Agencies

[Federal Register Volume 75, Number 105 (Wednesday, June 2, 2010)]
[Notices]
[Page 30904]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-13236]



[[Page 30904]]

-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[CO-11-91] (TD 8597); [CO-24-95] (TD8660)


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 existing final 
regulations, CO-11-91 (TD 8597), Consolidated Groups and Controlled 
Groups-Intercompany Transactions and Related Rules (Sec.  1.1502-13), 
and CO-24-95 (TD 8660), Consolidated Groups-Intercompany Transactions 
and Related Rules.

DATES: Written comments should be received on or before August 2, 2010 
to be assured of consideration.

ADDRESSES: Direct all written comments to Gerald Shields, Room 6129, 
1111 Constitution Avenue, NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulation 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: CO-11-91, Consolidated Groups and Controlled Groups-
Intercompany Transactions and Related Rules, and CO-24-95, Consolidated 
Groups-Intercompany Transactions and Related Rules.
    OMB Number: 1545-1433.
    Regulation Project Number: CO-11-91 (TD 8597). CO-24-95 (TD 8660).
    Abstract: The regulations require common parents that make 
elections under regulation section 1.1502-13 to provide certain 
information. The information will be used to identify and assure that 
the amount, location, timing and attributes of intercompany 
transactions and corresponding items are properly maintained.
    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.
    Estimated Number of Respondents: 2,200.
    Estimated Time per Respondent: 30 minutes.
    Estimated Total Annual Burden Hours: 1,050.
    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: May 25, 2010.
Gerald Shields,
IRS Reports Clearance Officer.
[FR Doc. 2010-13236 Filed 6-1-10; 8:45 am]
BILLING CODE 4830-01-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.