Proposed Collection; Comment Request for Form 8873, 32990-32991 [2010-13892]
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32990
Federal Register / Vol. 75, No. 111 / Thursday, June 10, 2010 / Notices
Estimated Time per Respondent: 17
hours, 2 minutes.
Estimated Total Annual Burden
Hours: 2,028,430.
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: June 3, 2010.
Gerald J. Shields,
IRS Reports Clearance Officer.
[FR Doc. 2010–13888 Filed 6–9–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
cprice-sewell on DSK8KYBLC1PROD with NOTICES
Proposed Collection; Comment
Request for Form 1118
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
VerDate Mar<15>2010
13:40 Jun 09, 2010
Jkt 220001
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
1118, Foreign Tax Credit—Corporations.
DATES: Written comments should be
received on or before August 9, 2010 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Gerald J. 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 form and instructions
should be directed to R. Joseph Durbala
at Internal Revenue Service, Room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
3634, or through the Internet at
RJoseph.Durbala@irs.gov.
Approved: June 3, 2010.
Gerald J. Shields,
IRS Reports Clearance Officer.
SUPPLEMENTARY INFORMATION:
[FR Doc. 2010–13890 Filed 6–9–10; 8:45 am]
Title: Foreign Tax Credit—
Corporations.
OMB Number: 1545–0122.
Form Number: 1118.
Abstract: Form 1118 and separate
Schedules I, J, and K are used by
domestic and foreign corporations to
claim a credit for taxes paid to foreign
countries. The IRS uses Form 1118 and
related schedules to determine if the
corporation has computed the foreign
tax credit correctly.
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:
36,950.
Estimated Time per Respondents: 94
hours, 16 minutes.
Estimated Total Annual Burden
Hours: 3,483,016.
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.
BILLING CODE 4830–01–P
PO 00000
Frm 00091
Fmt 4703
Sfmt 4703
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.
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8873
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
8873, Extraterritorial Income Exclusion.
DATES: Written comments should be
received on or before August 9, 2010 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Gerald J. 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 form and instructions
should be directed to R. Joseph Durbala
at Internal Revenue Service, Room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
3634, or through the Internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
E:\FR\FM\10JNN1.SGM
10JNN1
Federal Register / Vol. 75, No. 111 / Thursday, June 10, 2010 / Notices
cprice-sewell on DSK8KYBLC1PROD with NOTICES
Title: Extraterritorial Income
Exclusion.
OMB Number: 1545–1722.
Form Number: 8873.
Abstract: The FSC and Extraterritorial
Income Exclusion Act of 2000 added
section 114 to the Internal Revenue
Code. Section 114 provides for an
exclusion from gross income for certain
transactions occurring after September
30, 2000, with respect to foreign trading
gross receipts. Form 8873 is used to
compute the amount of extraterritorial
income excluded from gross income for
the tax year.
Current Actions: There are no changes
being made to the form at this time.
However, we are requesting a change to
the estimates currently on file with
OMB to coincide with the estimates on
file with the IRS. This will result in a
burden decrease of 1,005,000 total
burden hours.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations and individuals.
VerDate Mar<15>2010
13:40 Jun 09, 2010
Jkt 220001
Estimated Number of Respondents:
750,000.
Estimated Time per Respondent: 24
hours, 7 minutes.
Estimated Total Annual Burden
Hours: 18,082,500.
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.
PO 00000
Frm 00092
Fmt 4703
Sfmt 9990
32991
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: June 3, 2010.
Gerald J. Shields,
IRS Reports Clearance Officer.
[FR Doc. 2010–13892 Filed 6–9–10; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\10JNN1.SGM
10JNN1
]]>Agencies
[Federal Register Volume 75, Number 111 (Thursday, June 10, 2010)]
[Notices]
[Pages 32990-32991]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-13892]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8873
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 8873, Extraterritorial Income Exclusion.
DATES: Written comments should be received on or before August 9, 2010
to be assured of consideration.
ADDRESSES: Direct all written comments to Gerald J. 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 form and instructions should be directed to R. Joseph
Durbala at Internal Revenue Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224, or at (202) 622-3634, or through the
Internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
[[Page 32991]]
Title: Extraterritorial Income Exclusion.
OMB Number: 1545-1722.
Form Number: 8873.
Abstract: The FSC and Extraterritorial Income Exclusion Act of 2000
added section 114 to the Internal Revenue Code. Section 114 provides
for an exclusion from gross income for certain transactions occurring
after September 30, 2000, with respect to foreign trading gross
receipts. Form 8873 is used to compute the amount of extraterritorial
income excluded from gross income for the tax year.
Current Actions: There are no changes being made to the form at
this time. However, we are requesting a change to the estimates
currently on file with OMB to coincide with the estimates on file with
the IRS. This will result in a burden decrease of 1,005,000 total
burden hours.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for-profit organizations and
individuals.
Estimated Number of Respondents: 750,000.
Estimated Time per Respondent: 24 hours, 7 minutes.
Estimated Total Annual Burden Hours: 18,082,500.
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: June 3, 2010.
Gerald J. Shields,
IRS Reports Clearance Officer.
[FR Doc. 2010-13892 Filed 6-9-10; 8:45 am]
BILLING CODE 4830-01-P
