Federal Register: November 5, 2009 (Volume 74, Number 213)
DOCID: fr05no09-113 FR Doc E9-26644
DEPARTMENT OF THE TREASURY
Internal Revenue Service
NOTICE: NOTICES
DOCID: fr05no09-113
DOCUMENT ACTION: Notice and request for comments.
SUBJECT CATEGORY:
Proposed Collection; Comment Request for Revenue Procedure 2000- 42
DATES: Written comments should be received on or before January 4, 2010 to be assured of consideration.
DOCUMENT 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 10413 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Revenue Procedure 200042, Section 1503(d) Closing Agreement Requests.
SUMMARY:
Agency Information Collection Activities; Proposals, Submissions, and Approvals
SUPPLEMENTAL INFORMATION
Title: Section 1503(d) Closing Agreement Requests.
OMB Number: 15451706.
Revenue Procedure Number: Revenue Procedure 200042.
Abstract: Revenue Procedure 200042 informs taxpayers of the information they must submit to request a closing agreement under regulation section 1.15032(g)(2)(iv)(B)(i) to prevent the recapture of dual consolidated losses upon the occurrence of certain triggering events.
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 forprofit organizations.
Estimated Number of Respondents: 20.
Estimated Average Time per Respondent: 100 hours.
Estimated Total Annual Burden Hours: 2000.
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 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 startup costs and costs of operation, maintenance, and purchase of services to provide information.
Approved: October 26, 2009.
R. Joseph Durbala,
IRS Supervisory Tax Analyst.
[FR Doc. E926644 Filed 11409; 8:45 am]
BILLING CODE 483001P
FOR FURTHER INFORMATION CONTACT
Requests for additional information or copies of the regulations should be directed to R. Joseph Durbala at Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202)6223634, or through the Internet at RJoseph.Durbala@irs.gov.