Proposed Collection; Comment Request for Revenue Procedure 2009-41 (Rev. Proc. 2002-59 Is Superseded), 13449 [2011-5570]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 76, Number 48 (Friday, March 11, 2011)]
[Notices]
[Page 13449]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-5570]



[[Page 13449]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure 2009-
41 (Rev. Proc. 2002-59 Is Superseded)

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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 2009-41, Relief for Late Initial Entity 
Classification Elections.

DATES: Written comments should be received on or before May 10, 2011 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Yvette B. Lawrence, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for copies of the regulations 
should be directed to Joel Goldberger at Internal Revenue Service, Room 
6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202) 
927-9368, or through the Internet at Joel.P.Goldberger@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Relief for Late Initial Entity Classification Elections.
    OMB Number: 1545-1771.
    Revenue Procedure Number: Revenue Procedure 2009-41. (Rev. Proc. 
2002-59 is superseded.)
    Abstract: This revenue procedure provides guidance under Sec.  7701 
of the Internal Revenue Code for an eligible entity that requests 
relief for a late classification election filed with the applicable IRS 
service center within 3 years and 75 days of the requested effective 
date of the entity's classification election. It also provides guidance 
for those eligible entities that do not qualify for relief under this 
revenue procedure and that are required to request a letter ruling in 
order to request relief for a late entity classification election.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 300.
    Estimated Total Annual Burden Hours: 4,554.
    The following paragraph applies to all 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 
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. 
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 the use of 
automated collection techniques or other forms of technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: March 2, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011-5570 Filed 3-10-11; 8:45 am]
BILLING CODE 4830-01-P