Proposed Collection; Comment Request for Regulation Project, 38873-38874 [2010-16252]
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Federal Register / Vol. 75, No. 128 / Tuesday, July 6, 2010 / Notices
wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1
SUPPLEMENTARY INFORMATION:
Title: Application Procedures for
Qualified Intermediary Status Under
Section 1441; Final Qualified
Intermediary Withholding Agreement.
OMB Number: 1545–1597.
Revenue Procedure Number: 2000–12
(Revenue Procedure 2000–12 is
modified by Announcement 2000–50,
Revenue Procedure 2003–64, Revenue
Procedure 2004–21, and Revenue
Procedure 2005–77.)
Abstract: This revenue procedure
gives guidance for entering into a
withholding agreement with the IRS to
be treated as a Qualified Intermediary
(QI) under regulation section 1.1441–
1(e)(5). It describes the application
procedures for becoming a QI and the
terms that the IRS will ordinarily
require in a QI withholding agreement.
The objective of a QI withholding
agreement is to simplify withholding
and reporting obligations with respect to
payments of income made to an account
holder through one or more foreign
intermediaries.
Current Actions: Revenue Procedure
2000–12 is modified by Announcement
2000–50, Revenue Procedure 2003–64,
Revenue Procedure 2004–21, and
Revenue Procedure 2005–77.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents/
Recordkeepers: 1,097,991.
Estimated Time for QI Account
Holder: 30 minutes.
Estimated Time for a QI: 2,093 hours.
Estimated Total Annual Reporting/
Recordkeeping Hours: 301,018.
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;
VerDate Mar<15>2010
14:52 Jul 02, 2010
Jkt 220001
(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 23, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010–16253 Filed 7–2–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL–939–86]
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 notice of proposed rulemaking,
INTL–939–86, Insurance Income of a
Controlled Foreign Corporation for
Taxable Years beginning After
December 31, 1986 (§ 1.953–2(e)(3)(iii),
1.953–4(b), 1.953–5(a), 1.953–6(a),
1.953–7(c)(8), and 1.6046–1).
DATES: Written comments should be
received on or before September 7, 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.
PO 00000
Frm 00110
Fmt 4703
Sfmt 4703
38873
SUPPLEMENTARY INFORMATION:
Title: Insurance Income of a
Controlled Foreign Corporation for
Taxable Years Beginning After
December 31, 1986.
OMB Number: 1545–1142.
Regulation Project Number: INTL–
939–86.
Abstract: This regulation relates to the
definition and computation of the
insurance income of a controlled foreign
corporation, and it also contains rules
applicable to certain captive insurance
companies. The information collection
is required by the IRS in order for
taxpayers to elect to locate risks with
respect to moveable property by
reference to the location of the property
in a prior period; to allocate investment
income to a particular category of
insurance income; to allocate
deductions to a particular category of
insurance income; to determine the
amount of those items, such as reserves,
which are computed with reference to
an insurance company’s annual
statement; to elect to have related
person insurance income treated as
income effectively connected with the
conduct of a United States trade or
business; and to collect the information
required by Code section 6046 relating
to controlled foreign corporations as
defined in Code section 953(c).
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/
Recordkeepers: 500.
Estimated Time per Respondent/
Recordkeeper: 28 hr., 12 min.
Estimated Total Annual Burden
Hours: 14,100.
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
E:\FR\FM\06JYN1.SGM
06JYN1
38874
Federal Register / Vol. 75, No. 128 / Tuesday, July 6, 2010 / Notices
wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1
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.
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.
Title:
PS–78–91, Procedure for Monitoring
Compliance With Low-Income Housing
Credit Requirements; PS–50–92, Rules
To Carry Out the Purposes of Section 42
and for Correcting Administrative Errors
and Omissions; and REG–114664–97,
Approved: June 22, 2010.
Compliance Monitoring and
Miscellaneous Issues Relating to the
Gerald Shields,
Low-Income Housing Credit.
IRS Supervisory Tax Analyst.
OMB Number: 1545–1357.
[FR Doc. 2010–16252 Filed 7–2–10; 8:45 am]
Regulation Project Numbers: PS–78–
BILLING CODE 4830–01–P
91; PS–50–92; and REG–114664–97.
Abstract: PS–78–91 This regulation
requires state allocation plans to
DEPARTMENT OF THE TREASURY
provide a procedure for state and local
housing credit agencies to monitor for
Internal Revenue Service
compliance with the requirements of
[PS–78–91; PS–50–92; and REG–114664–97] Code section 42 and report any
noncompliance to the IRS. PS–50–92
Proposed Collection; Comment
This regulation concerns the Secretary
Request for Regulation Project
of the Treasury’s authority to provide
guidance under Code section 42 and
AGENCY: Internal Revenue Service (IRS),
allows state and local housing credit
Treasury.
agencies to correct administrative errors
ACTION: Notice and request for
and omissions made in connection with
comments.
allocations of low-income housing
credit dollar amounts and
SUMMARY: The Department of the
Treasury, as part of its continuing effort recordkeeping within a reasonable
period after their discovery. REG–
to reduce paperwork and respondent
114664–97 This regulation amends the
burden, invites the general public and
procedures for state and local housing
other Federal agencies to take this
credit agencies’ compliance monitoring
opportunity to comment on proposed
and the rules for state and local housing
and/or continuing information
credit agencies’ correction of
collections, as required by the
administrative errors or omissions.
Paperwork Reduction Act of 1995,
Current Actions: There is no change to
Public Law 104–13 (44 U.S.C.
these existing regulations.
3506(c)(2)(A)). Currently, the IRS is
Type of Review: Extension of a
soliciting comments concerning existing
currently approved collection.
final regulations, PS–78–91 (TD 8430),
Affected Public: Business or other forProcedure for Monitoring Compliance
profit organizations, individual or
With Low-Income Housing Credit
households, not-for-profit institutions,
Requirements; PS–50–92 (TD 8521),
and state, local or tribal governments.
Rules To Carry Out the Purposes of
Estimated Number of Respondents:
Section 42 and for Correcting
22,141.
Administrative Errors and Omissions;
Estimated Time per Respondent: 4
and REG–114664–97 (TD 8859),
hours, 45 minutes.
Compliance Monitoring and
Estimated Total Annual Burden
Miscellaneous Issues Relating to the
Hours: 104,899.
Low-Income Housing Credit (§§ 1.42–5,
The following paragraph applies to all
1.42–13, and 1.42–17).
of the collections of information covered
DATES: Written comments should be
by this notice:
received on or before September 7, 2010
An agency may not conduct or
to be assured of consideration.
sponsor, and a person is not required to
respond to, a collection of information
ADDRESSES: Direct all written comments
unless the collection of information
to Gerald Shields, Internal Revenue
displays a valid OMB control number.
Service, Room 6411, 1111 Constitution
Books or records relating to a collection
Avenue, NW., Washington, DC 20224.
VerDate Mar<15>2010
14:52 Jul 02, 2010
Jkt 220001
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00111
Fmt 4703
Sfmt 4703
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 22, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010–16231 Filed 7–2–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 706–NA
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
706–NA, United States Estate (and
Generation-Skipping Transfer) Tax
Return, Estate of nonresident not a
citizen of the United States.
DATES: Written comments should be
received on or before September 7, 2010
to be assured of consideration.
E:\FR\FM\06JYN1.SGM
06JYN1
]]>Agencies
[Federal Register Volume 75, Number 128 (Tuesday, July 6, 2010)]
[Notices]
[Pages 38873-38874]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-16252]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
[INTL-939-86]
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 notice of proposed rulemaking, INTL-939-86, Insurance Income
of a Controlled Foreign Corporation for Taxable Years beginning After
December 31, 1986 (Sec. 1.953-2(e)(3)(iii), 1.953-4(b), 1.953-5(a),
1.953-6(a), 1.953-7(c)(8), and 1.6046-1).
DATES: Written comments should be received on or before September 7,
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: Insurance Income of a Controlled Foreign Corporation for
Taxable Years Beginning After December 31, 1986.
OMB Number: 1545-1142.
Regulation Project Number: INTL-939-86.
Abstract: This regulation relates to the definition and computation
of the insurance income of a controlled foreign corporation, and it
also contains rules applicable to certain captive insurance companies.
The information collection is required by the IRS in order for
taxpayers to elect to locate risks with respect to moveable property by
reference to the location of the property in a prior period; to
allocate investment income to a particular category of insurance
income; to allocate deductions to a particular category of insurance
income; to determine the amount of those items, such as reserves, which
are computed with reference to an insurance company's annual statement;
to elect to have related person insurance income treated as income
effectively connected with the conduct of a United States trade or
business; and to collect the information required by Code section 6046
relating to controlled foreign corporations as defined in Code section
953(c).
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/Recordkeepers: 500.
Estimated Time per Respondent/Recordkeeper: 28 hr., 12 min.
Estimated Total Annual Burden Hours: 14,100.
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
[[Page 38874]]
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 22, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010-16252 Filed 7-2-10; 8:45 am]
BILLING CODE 4830-01-P
