The Federal Register

Proposed Collection; Comment Request for Notice 2006-96 (REG- 140029-07)

Thu, Nov 20 2008 11:00:00 GMT

Currently, the IRS is soliciting comments concerning Notice 2006 96, Guidance Regarding Appraisal and Reporting Requirements for Noncash Charitable Contributions/REG14002907, Substantiation and Reporting Requirements for Cash and Noncash Charitable Contribution Deductions.

Alcohol Fuel and Biodiesel; Renewable Diesel; Alternative Fuel; Diesel-Water Fuel Emulsion; Taxable Fuel Definitions;

Thu, Nov 20 2008 11:00:00 GMT

This document provides notice of public hearing on proposed regulations relating to credits and payments for alcohol mixtures, biodiesel mixtures, renewable diesel mixtures, alternative fuel mixtures, and alternative fuel sold for use or used as a fuel, as well as proposed regulations relating to the definition of gasoline and diesel fuel.

Section 108 Reduction of Tax Attributes for S Corporations; Hearing Cancellation

Thu, Nov 20 2008 11:00:00 GMT

This document cancels a public hearing on proposed rulemaking that provides guidance on the manner in which an S corporation reduces its tax attributes under section 108(b) for taxable years in which the S corporation has discharge of indebtedness income that is excluded from gross income under section 108(a).

Proposed Collection; Comment Request for Regulation Project; Correction

Thu, Nov 20 2008 11:00:00 GMT

This document contains a correction to a notice and request for comments, that was published in the Federal Register on Thursday, October 30, 2008 (73 FR 64663) inviting 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)) and as part of its continuing effort to reduce paperwork and respondent burden by the Department of the Treasury. Currently, the IRS is soliciting comments concerning a final regulation, REG14645905 (TD 9324), Designated Roth Contributions under Section 402A.

Proposed Collection; Comment Request for Form 1040 and Schedules A, B, C, C-EZ, D, D-1, E, EIC, F, H, J, R, and SE,

Thu, Nov 20 2008 11:00:00 GMT

The Internal Revenue Service, 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 continuing information collections, as required by the Paperwork Reduction Act of 1995 (PRA), Public Law 10413 (44 U.S.C. 3506(c)(2)(A)). This notice requests comments on all forms used by individual taxpayers: Form 1040, U.S. Individual Income Tax Return, and Schedules A, B, C, CEZ, D, D1, E, EIC, F, H, J, R, and SE; Form 1040A and Schedules 1, 2, and 3; Form 1040EZ; and all attachments to these forms (see the Appendix to this notice).

Determining the Amount of Taxes Paid for Purposes of Section 901; Correction

Fri, Nov 14 2008 11:00:00 GMT

This document contains corrections to final and temporary regulations (TD 9416) that were published in the Federal Register on Wednesday, July 16, 2008 (73 FR 40727) under section 901 of the Internal Revenue Code providing guidance relating to the determination of the amount of taxes paid for purposes of the foreign tax credit.

Section 1367 Regarding Open Account Debt; Correction

Fri, Nov 14 2008 11:00:00 GMT

This document contains corrections to final regulations (TD 9428) that were published in the Federal Register on Monday, October 20, 2008 (73 FR62199) relating to the treatment of open account debt between S corporations and their shareholders. These final regulations provide rules regarding the definition of open account debt and the adjustments in basis of any indebtedness of an S corporation to a shareholder under section 1367(b)(2) of the Internal Revenue Code for shareholder advances and repayments on advances of open account debt. The regulations affect shareholders of S corporations and are necessary to provide guidance needed to comply with the applicable tax law.

Payments From the Presidential Primary Matching Payment Account

Thu, Nov 13 2008 11:00:00 GMT

This document contains final regulations under section 9037 of the Internal Revenue Code (Code) relating to the financing of presidential primary campaigns. The regulations relate to Treasury procedures for making payments from the Presidential Primary Matching Payment Account (Primary Account) to eligible primary candidates. These regulations affect all candidates eligible to receive payments from the Primary Account.

Information Reporting for Discharges of Indebtedness

Mon, Nov 10 2008 11:00:00 GMT

This document contains final and temporary regulations relating to information returns for cancellation of indebtedness by certain entities. The temporary regulations will avoid premature information reporting from certain businesses that are currently required to report and will reduce the number of information returns required to be filed. The temporary regulations will impact certain lenders who are currently required to file information returns under the existing regulations. The text of these temporary regulations also serves as the text of the proposed regulations as set forth in the Proposed Rules section in this issue of the Federal Register.

Information Reporting for Discharges of Indebtedness

Mon, Nov 10 2008 11:00:00 GMT

In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing final and temporary regulations relating to information returns for cancellation of indebtedness by certain entities. The temporary regulations will avoid premature information reporting from certain businesses that are currently required to report and will reduce the number of information returns required to be filed. The regulations will impact certain lenders who are currently required to file information returns under the existing regulations. The text of those temporary regulations also serves as text of these proposed regulations. This document also provides a notice of public hearing on these proposed regulations.

Information Reporting on Employer-Owned Life Insurance Contracts

Thu, Nov 6 2008 11:00:00 GMT

This document contains final regulations concerning information reporting on employerowned life insurance contracts under section 6039I of the Internal Revenue Code (Code). This final regulation is necessary to provide taxpayers with guidance as to how the requirements of section 6039I should be applied. These regulations generally apply to taxpayers that are engaged in a trade or business and that are directly or indirectly a beneficiary of a life insurance contract covering the life of an insured who is an employee of the trade or business on the date the contract is issued.

Unified Rule for Loss on Subsidiary Stock

Thu, Nov 6 2008 11:00:00 GMT

Correction

In rule document E8 21006 beginning on page 53934 in the issue of Wednesday, September 17, 2008 make the following corrections: Sec. 1.150213 [Corrected]
1. On page 53948, in the first column, Sec. 1.150213(a)(4), in the second line ``(4) Application of other rules of law.'' should read ``(4) Application of other rules of law.''.
Sec. 1.150236 [Corrected]
2. On page 53962, in the third column, Sec. 1.150236(c)(8)(ii) at Example 6 (ii) (A), in the first paragraphs, in the 32nd line, ``CNOL))'' should read ``CNOL)''.
3. On page 53964, in the second column, Sec. 1.150236(d)(4)(ii)(A), the first sentence, ``(A) Category A, Category B, and Category C attributes.'' should read ``(A) Category A, Category B, and Category C attributes.''.
4. On page 53968, in the second column, Sec. 1.150236(d)(8) at Example 1 (ii), in paragraphs (A) and (B), ``Example 1''should read ``Example 1.''.
5. On page 53970, in the third column, Sec. 1.150236(d)(8) at Example 4. (i)(c) paragraph ``(1)'' should rea

Election To Expense Certain Refineries; Hearing Cancellation

Thu, Nov 6 2008 11:00:00 GMT

This document cancels a public hearing on proposed rulemaking by crossreference to temporary regulations under section 179C of the Internal Revenue Code relating to the election to expense qualified refinery property.

Proposed Collection; Comment Request for Form 13925

Thu, Nov 6 2008 11:00:00 GMT

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 Form 13925, Notice of Election of and Agreement To Special Lien Under Internal Revenue Code section 6324A and Regulations.

Infrastructure Improvements Under Section 897

Fri, Oct 31 2008 11:00:00 GMT

This document describes issues that the IRS and the Treasury Department are considering addressing, in a notice of proposed rulemaking, under section 897 of the Internal Revenue Code (Code) regarding the definition of an interest in real property. The notice of proposed rulemaking would address certain rights granted by a governmental unit that are related to the lease, ownership, or use of real property. This document also invites comments from the public regarding these contemplated rules. All materials submitted will be available for public inspection and copying.

Section 108(e)(8) Application to Partnerships

Fri, Oct 31 2008 11:00:00 GMT

This document contains proposed regulations relating to the application of section 108(e)(8) of the Internal Revenue Code (Code) to partnerships and their partners. These regulations provide guidance regarding the determination of discharge of indebtedness income of a partnership that transfers a partnership interest to a creditor in satisfaction of the partnership's indebtedness (debtforequity exchange). The proposed regulations also provide that section 721 applies to a contribution of a partnership's recourse or nonrecouse indebtedness by a creditor to the partnership in exchange for a capital or profits interest in the partnership. This document also provides notice of a public hearing on these proposed regulations.

Request for Applications for the IRS Advisory Committee on Tax Exempt and Government Entities

Fri, Oct 31 2008 11:00:00 GMT

The Internal Revenue Service (IRS) is requesting applications for membership to serve on the Advisory Committee on Tax Exempt and Government Entities (ACT). Applications will be accepted for the following vacancies, which will occur in June 2009: Two (2) employee plans; two (2) exempt organizations; two (2) Indian tribal governments; two (2) tax exempt bonds, and one (1) Federal, state and local governments. To ensure appropriate balance of membership, final selection from qualified candidates will be determined based on experience, qualifications, and other expertise.

Quarterly Publication of Individuals, Who Have Chosen To Expatriate, as Required by Section 6039G

Fri, Oct 31 2008 11:00:00 GMT

This notice is provided in accordance with IRC section 6039G, as amended, by the Health Insurance Portability and Accountability Act (HIPPA) of 1996. This listing contains the name of each individual losing their United States citizenship (within the meaning of section 877(a)) with respect to whom the Secretary received information during the quarter ending September 30, 2008.
Middle name/ Last name First name initials Ward............................ Ellen............. Cleary Zahid........................... Zayd.............. Mohamed Bloom........................... Emma.............. Catherine Beselin......................... Anita............. Elisabeth Salinas......................... Federico.......... .................. Pomfret......................... Melanie........... L
Nixon........................... Douglas........... Ross
Bross........................... Holger............ .......

Proposed Collection; Comment Request for Regulation Project

Thu, Oct 30 2008 11:00:00 GMT

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 an existing final regulation, REG24877096 (TD 8725). Miscellaneous Sections Affected by the Taxpayer Bill of Rights 2 and the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (Sec. 301.74302(c)).

Proposed Collection; Comment Request for Regulation Project

Thu, Oct 30 2008 11:00:00 GMT

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 a final regulation, REG14645905 (TD 9324), Designated Roth
Contributions under Section 402A.

Proposed Collection; Comment Request for Regulation Project

Thu, Oct 30 2008 11:00:00 GMT

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 an existing final regulation, PS5489 (TD 8444). Applicable Conventions Under the Accelerated Cost Recovery System (Sec. 1.168(d)1(b)(7)).

Advisory Council to the Internal Revenue Service; Meeting

Thu, Oct 30 2008 11:00:00 GMT

The Internal Revenue Service Advisory Council (IRSAC) will hold a public meeting on Wednesday, November 19, 2008.

Employer Comparable Contributions to Health Savings Accounts Under Section 4980G, and Requirement of Return for

Tue, Oct 28 2008 11:00:00 GMT

This document cancels a public hearing on proposed rulemaking providing guidance on employer comparable contributions to Health Savings Accounts (HSAs) under section 4980G of the Internal Revenue Code as mended by sections 302, 305, and 306 of the Tax Relief and Health Care Act of 2006. The proposed regulations also provide guidance relating to the requirement of a return to accompany payment of the excise tax under section 4980B, 4980D, 4980E or 4980G of the Code and the time for filing that return. These proposed regulations would affect employers that contribute to employees' HSAs and Archer MSAs, employers or employee organizations that sponsor a group health plan, and certain third parties such as insurance companies or HMOs or third party administrators who are responsible for providing benefits under the plan.

Extension of Time for Filing Returns; Hearing

Tue, Oct 28 2008 11:00:00 GMT

This document provides notice of a public hearing on proposed regulations by crossreference to temporary regulations relating to the simplification of procedures for automatic extensions of time to file certain returns. These simplified procedures are aimed at reducing overall taxpayer burden.

Proposed Collection; Comment Request for Form 8899

Tue, Oct 28 2008 11:00:00 GMT

Proposed Collection; Comment Request for Regulation Project

Tue, Oct 28 2008 11:00:00 GMT

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 an existing final regulation, PS10286 (TD 8316), Cooperative Housing Corporations (Sec. 1.2161(d)(2)).

Proposed Collection; Comment Request for Form 8894

Tue, Oct 28 2008 11:00:00 GMT

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 Form 8894, Request to Revoke Partnership Level Tax Treatment Election.

Third-Party Disclosure in IRS Regulations; Proposed Collection; Comment Request for Regulation Project

Tue, Oct 28 2008 11:00:00 GMT

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 existing regulations, ThirdParty Disclosure Requirements in IRS Regulations.

Proposed Collection; Comment Request for Regulation Project

Tue, Oct 28 2008 11:00:00 GMT

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 the existing final regulations, FI18984 (TD 8517, Final), Debt Instruments With Original Discount; Imputed Interest on Deferred Payment Sales or Exchanges of Property.

Proposed Collection; Comment Request for Form 8927

Tue, Oct 28 2008 11:00:00 GMT

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 Form 8927, Determination Under Section 860(e)(4) by a Qualified Investment Entity.

Treatment of Payments in Lieu of Taxes Under Section 141

Fri, Oct 24 2008 11:00:00 GMT

This document contains final regulations which modify the standards for treating certain payments in lieu of taxes or other tax equivalency payments (PILOTs) as generally applicable taxes for purposes of the private security or payment test under section 141 of the Internal Revenue Code (Code). This action is being taken in order to provide issuers of taxexempt bonds with guidance on whether PILOTs are eligible to be treated as generally applicable taxes for this purpose. The regulations affect State and local governmental issuers of taxexempt bonds.

Application of Section 409A to Nonqualified Deferred Compensation Plans; Correction

Thu, Oct 23 2008 11:00:00 GMT

This document contains corrections to a correcting amendment to final regulations (TD 9321) that was published in the Federal Register on October 7, 2008 (73 FR 58438). The final regulations relate to section 409A and nonqualified deferred compensation plans.

Proposed Collection; Comment Request for Form 1098-C

Thu, Oct 23 2008 11:00:00 GMT

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 Form 1098C, Contributions of Motor Vehicles, Boats, and Airplanes.

Section 1367 Regarding Open Account Debt

Mon, Oct 20 2008 11:00:00 GMT

This document contains final regulations relating to the treatment of open account debt between S corporations and their shareholders. These final regulations provide rules regarding the definition of open account debt and the adjustments in basis of any indebtedness of an S corporation to a shareholder under section 1367(b)(2) of the Internal Revenue Code (Code) for shareholder advances and repayments on advances of open account debt. The regulations affect shareholders of S corporations and are necessary to provide guidance needed to comply with the applicable tax law.

Unified Rule for Loss on Subsidiary Stock; Correction

Mon, Oct 20 2008 11:00:00 GMT

This document contains corrections to final regulations (TD 9424) that were published in the Federal Register on Wednesday, September 17, 2008 (73 FR 53934) under sections 358, 362(e)(2), and 1502 of the Internal Revenue Code. The final regulations apply to corporations filing consolidated returns, and corporations that enter into certain taxfree reorganizations. The final regulations provide rules for determining the tax consequences of a member's transfer (including by deconsolidation and worthlessness) of loss shares of subsidiary stock. In addition, the final regulations provide that section 362(e)(2) generally does not apply to transactions between members of a consolidated group. Finally, the final regulations conform or clarify various provisions of the consolidated return regulations, including those relating to adjustments to subsidiary stock basis.

Unified Rule for Loss on Subsidiary Stock; Correction

Mon, Oct 20 2008 11:00:00 GMT

Information Reporting Requirements Under Internal Revenue Code Section 6039; Hearing

Fri, Oct 17 2008 11:00:00 GMT

This document provides notice of public hearing on a notice of proposed rulemaking relating to the return and information statement requirements under section 6039 of the Internal Revenue Code. These regulations reflect changes to section 6039 made by section 403 of the Tax Relief and Health Care Act of 2006. These proposed regulations affect corporations that issue statutory stock options and provide guidance to assist corporations in complying with the return and information statement requirements under section 6039.

Balanced System for Measuring Organizational and Employee Performance Within the Internal Revenue Service

Tue, Oct 14 2008 11:00:00 GMT

This document contains final regulations relating to the modification of regulations governing the IRS Balanced System for Measuring Organizational and Employee Performance. These regulations affect internal operations of the IRS and the systems that the agency employs to evaluate the performance of organizations within the IRS and individuals employed by the IRS.

DEPARTMENT OF LABOR

Fri, Oct 10 2008 11:00:00 GMT

This document is a request for comments regarding issues under sections 101 through 104 of the Genetic Information Nondiscrimination Act of 2008 (GINA). The Departments of Labor, Health and Human Services (HHS), and the Treasury (collectively, the Departments) have received inquiries from the public on a number of issues under these provisions and are welcoming public comments in advance of future rulemaking.

Notice to Participants of Consequences of Failing To Defer Receipt of Qualified Retirement Plan Distributions;

Thu, Oct 9 2008 11:00:00 GMT

This document contains proposed regulations under sections 402(f), 411(a)(11), and 417 of the Internal Revenue Code (Code). The proposed regulations would provide that the notice required under section 411(a)(11) to be provided to a participant of his or her right, if any, to defer receipt of an immediately distributable benefit must also describe the consequences of failing to defer receipt of the distribution. The proposed regulations would also provide that the applicable election period for waiving the qualified joint and survivor annuity form of benefit under section 417 is the 180day period ending on the annuity starting date, and that a notice required to be provided under section 402(f), section 411(a)(11), or section 417 may be provided to a participant as much as 180 days before the annuity starting date (or, for a notice under section 402(f), the distribution date). These regulations would affect administrators of, employers maintaining, participants in, and beneficiaries of taxfavor

Proposed Collection; Comment Request for Notice 2008-58

Thu, Oct 9 2008 11:00:00 GMT

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 Notice 200858, Relief From Certain LowIncome Housing Credit Requirements Due to Severe Storms, Tornadoes, and Flooding in Iowa.

Proposed Collection; Comment Request for Notice 2008-61

Thu, Oct 9 2008 11:00:00 GMT

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 Notice 200861, Relief From Certain LowIncome Housing Credit Requirements Due to Severe Storms, Tornadoes, and Flooding in Wisconsin.

Electronic Tax Administration Advisory Committee (ETAAC)

Thu, Oct 9 2008 11:00:00 GMT

In 1998 the Internal Revenue Service established the Electronic Tax Administration Advisory Committee (ETAAC). The primary purpose of ETAAC is for industry partners to provide an organized public forum for discussion of electronic tax administration issues in support of the overriding goal that paperless filing should be the preferred and most convenient method of filing tax and information returns. ETAAC offers constructive observations about current or proposed policies, programs, and procedures, and suggests improvements. Listed is a summary of the agenda along with the planned discussion topics.
Summarized Agenda
8:30 a.m.Meet and Greet.
9 a.m.Meeting Opens.
11 a.m.Meeting Adjourns.

The topics for discussion include:
(1) The IRS' response to ETAAC's recommendations.
(2) A reading of written comments received from the public. (3) Report from the ETAAC's subcommittee: MeF 1040 Executive Steering Committee.

Note: Lastminute changes to these topics are possible and could preven

Income, Excise, and Estate and Gift Taxes; Effective Dates and Other Issues Arising Under the Employee Benefit

Thu, Oct 9 2008 11:00:00 GMT

This document contains a correction to temporary regulations (TD 8073) that were published in the Federal Register on Tuesday, February 4, 1986 (51 FR 4312) relating to effective dates and certain other issues arising under sections 91, 223, and 511561 of the Tax Reform Act of 1984. This action is necessary because of changes to the applicable tax law made by the Tax Reform Act of 1984. The temporary regulations will affect qualified employee benefit plans, welfare benefit funds and employees receiving benefits through such plans.

Regulations Enabling Elections for Certain Transactions Under Section 336(e)

Thu, Oct 9 2008 11:00:00 GMT

Correction

In proposed rule document E819603 beginning on page 49965 in theissue of Monday, August 25, 2008, make the following correction: Sec. 1.3363 [Corrected]

1. On page 49979, in the first column, in Sec. 1.3363(d)(1), in thetwentysecond line, ``into account in an amount'' should read``into account in amount''.

2. On the same pages, in the same column, in Sec. 1.3363(d)(2), in thelast line, ``into account in an amount'' should read ``into accountin amount''.
[FR Doc. Z819603 Filed 10808; 8:45 am]
BILLING CODE 150501D

Application of Section 409A to Nonqualified Deferred Compensation Plans; Correction

Tue, Oct 7 2008 11:00:00 GMT

This document contains corrections to final regulations (TD 9321) which were published in the Federal Register on April 17, 2007 (72 FR 19323), corrected July 31, 2007 (72 FR 41620) and September 24, 2007 (72 FR 54945). The final regulations relate to section 409A and nonqualified deferred compensation plans.

Capital Costs Incurred To Comply With EPA Sulfur Regulations; Hearing Cancellation

Tue, Oct 7 2008 11:00:00 GMT

This document cancels a public hearing on proposed rulemaking by crossreference to temporary regulations under section 179B of the Internal Revenue Code (Code) relating to the deduction of qualified capital costs paid or incurred by a small business refiner to comply with the highway diesel fuel sulfur control requirements of the Environmental Protection Agency.

Public Approval Guidance for Tax-Exempt Bonds; Correction

Tue, Oct 7 2008 11:00:00 GMT

This document contains a correction to a notice of proposed rulemaking (REG12884107) that was published in the Federal Register on Tuesday, September 9, 2008 (73 FR 52220) relating to the public approval requirements under section 147(f) of the Internal Revenue Code applicable to taxexempt private activity bonds issued by State and local governments. The proposed regulations affect State and local governmental issuers of taxexempt private activity bonds.

Proposed Collection; Comment Request for Regulation Project

Tue, Oct 7 2008 11:00:00 GMT

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 an existing NPRM regulation, 12924307, Tax Return Preparer Penalties under Sections 6694 & 6695.

Open Meeting of the Ad Hoc IRS Forms and Publications/Language Services Issue Committee of the Taxpayer Advocacy

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Ad Hoc IRS Forms and Publications/ Language Services Issue Committee of the Taxpayer Advocacy Panel will be conducted (via teleconference). The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service.

Open Meeting of the Area 1 Taxpayer Advocacy Panel (Including the States of New York, Connecticut, Massachusetts,

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Area 1 Taxpayer Advocacy Panel will be conducted via telephone conference call. The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service.

Open Meeting of the Area 2 Taxpayer Advocacy Panel (Including the States of Delaware, North Carolina, South Carolina,

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Area 2 Taxpayer Advocacy Panel will be conducted via telephone conference call. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.

Open Meeting of the Area 3 Taxpayer Advocacy Panel (Including the States of Florida, Georgia, Alabama, Mississippi,

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Area 3 Taxpayer Advocacy Panel will be conducted via telephone conference call. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.

Open Meeting of the Area 4 Taxpayer Advocacy Panel (Including the States of Illinois, Indiana, Kentucky, Michigan,

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Area 4 Taxpayer Advocacy Panel will be conducted via telephone conference call. The Taxpayer Advocacy Panel is soliciting public comment, ideas, and suggestions on improving customer service at the Internal Revenue Service.

Open Meeting of the Area 5 Taxpayer Advocacy Panel (Including the States of Iowa, Kansas, Minnesota, Missouri,

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Area 5 Taxpayer Advocacy Panel will be conducted via a telephone conference call. The Taxpayer Advocacy Panel is soliciting public comment, ideas, and suggestions on improving customer service at the Internal Revenue Service.

Open Meeting of the Area 6 Taxpayer Advocacy Panel (Including the States of Arizona, Colorado, Idaho, Montana, New

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Area 6 committee of the Taxpayer Advocacy Panel will be conducted (via teleconference). The Taxpayer Advocacy Panel (TAP) is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. The TAP will use citizen input to make recommendations to the Internal Revenue Service.

Open Meeting of the Area 7 Taxpayer Advocacy Panel (Including the States of Alaska, California, Hawaii, and Nevada)

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Area 7 committee of the Taxpayer Advocacy Panel will be conducted via telephone conference call. The Taxpayer Advocacy Panel (TAP) is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.

Advisory Committee to the Internal Revenue Service; Meeting

Tue, Oct 7 2008 11:00:00 GMT

The Information Reporting Program Advisory Committee (IRPAC) will hold a public meeting on Wednesday, October 29, 2008.

Open Meeting of the Joint Committee of the Taxpayer Advocacy Panel

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Joint Committee of the Taxpayer Advocacy Panel will be conducted via conference call. The Taxpayer Advocacy Panel is soliciting public comment, ideas, and suggestions on improving customer service at the Internal Revenue Service.

Open Meeting of the Small Business/Self Employed--Taxpayer Burden Reduction Issue Committee of the Taxpayer Advocacy

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Taxpayer Advocacy Panel Small Business/ Self EmployedTaxpayer Burden Reduction Issue Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comment, ideas, and suggestions on improving customer service at the Internal Revenue Service.

Open Meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Issue Committee

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Taxpayer Advocacy Panel Earned Income Tax Credit Issue Committee will be conducted via telephone conference call. The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service.

Open Meeting of the Taxpayer Advocacy Panel Volunteer Income Tax Assistance (VITA) Issue Committee

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Taxpayer Advocacy Panel VITA Issue Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comment, ideas, and suggestions on improving customer service at the Internal Revenue Service.

Open Meeting of the Taxpayer Assistance Center Committee of the Taxpayer Advocacy Panel

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Taxpayer Assistance Center Committee of the Taxpayer Advocacy Panel will be conducted (via teleconference). The Taxpayer Advocacy Panel (TAP) is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.

Open Meeting of the Wage & Investment Reducing Taxpayer Burden (Notices) Issue Committee of the Taxpayer Advocacy

Tue, Oct 7 2008 11:00:00 GMT

An open meeting of the Wage & Investment Reducing Taxpayer Burden (Notices) Issue Committee of the Taxpayer Advocacy Panel will be conducted via telephone conference call. The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service.

Proposed Collection; Comment Request for Regulation Project

Mon, Sep 29 2008 11:00:00 GMT

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 an existing final regulation, EE14787 (TD 8376), Qualified Separate Lines of Business (Sec. Sec. 1.414(r)3, 1.414(r)4, and 1.414(r)6).

Amendments to Section 7216 Regulations--Disclosure or Use of Information by Preparers of Returns; Hearing

Mon, Sep 29 2008 11:00:00 GMT

This document cancels a public hearing on proposed regulations that provide rules relating to the disclosure and use of tax return information by tax return preparers.

Declaratory Judgments--Gift Tax Determinations; Hearing Cancellation

Mon, Sep 29 2008 11:00:00 GMT

This document cancels a public hearing on proposed regulations under section 7477 of the Internal Revenue Code (Code) regarding petitions filed with the United States Tax Court for declaratory judgments as to the valuation of gifts.

Guidance Under Sections 642 and 643 (Income Ordering Rules); Hearing

Mon, Sep 29 2008 11:00:00 GMT

This document cancels a public hearing on proposed rulemaking providing guidance under Internal Revenue Code section 642(c) with regard to the Federal tax consequences of an ordering provision in a trust, a will, or a provision of local law that attempts to determine the tax character of the amounts paid to a charitable beneficiary of the trust or estate. The proposed regulations also make conforming amendments to the regulations under section 643(a)(5). The proposed regulations affect estates, charitable lead trusts (CLTs) and other trusts making payments or permanently setting aside amounts for a charitable purpose.

Regulations Enabling Elections for Certain Transactions Under Section 336(e); Correction

Mon, Sep 29 2008 11:00:00 GMT

This document contains corrections to a notice of proposed rulemaking (REG14354404) that was published in the Federal Register on Monday, August 25, 2008 (73 FR 49965) under section 336(e) of the Internal Revenue Code. The proposed regulations, when finalized, would permit taxpayers to make an election to treat certain sales, exchanges, and distributions of another corporation's stock as taxable sales of that corporation's assets. These proposed regulations will affect corporations and their shareholders.

Transfers by Domestic Corporations That Are Subject to Section 367(a)(5); Distributions by Domestic Corporations That

Mon, Sep 29 2008 11:00:00 GMT

This document contains corrections to a notice of proposed rulemaking (REG20900689) that was published in the Federal Register on Wednesday, August 20, 2008 (73 FR 49278) under sections 367(a), 367(a)(5), 367(b), 1248(a), 1248(e), 1248(f), and 6038B of the Internal Revenue Code. The proposed regulations under sections 367(a)(5) and 367(b) apply when a domestic corporation transfers certain property to a foreign corporation in an exchange described in section 361(a) or (b). The proposed regulations under section 1248(e) suspend the application of section 1248(e) when capital gains are taxed at a rate equal to or greater than the rate at which ordinary income is taxed. The proposed regulations under section 1248(f) apply when a domestic corporation distributes stock of certain foreign corporations in a distribution to which section 337, 355, or 361 applies. The proposed [[Page 56536]]
regulations under section 1248(f) include regulations described in Notice 8764 (19872 CB 375). The proposed regula

Proposed Collection; Comment Request for Regulation Project

Mon, Sep 29 2008 11:00:00 GMT

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 the existing final and temporary regulations, TD 9423, Implementation of Form 990.

Proposed Collection; Comment Request for Regulation Project

Mon, Sep 29 2008 11:00:00 GMT

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 an existing final regulation, REG15813804, Information Returns by Donees Relating to Qualified Intellectual Property Contributions.

Proposed Collection; Comment Request for Regulation Project

Mon, Sep 29 2008 11:00:00 GMT

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 an existing final regulation, REG25357896, Health Insurance Portability for Group Health Plans; and temporary regulation (TD 8716) Interim Rules for Health Insurance Portability for Group Health Plans (Sec. Sec. 54.98013T, 54.98014T, 54.98015T, and 54.98016T).

Proposed Collection; Comment Request for Regulation Project

Mon, Sep 29 2008 11:00:00 GMT

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 an existing notice of proposed rulemaking, FI16584, BelowMarket Loans (Sec. Sec. 1.787211(g)(l) and 1.787211(g)(3)).

Proposed Collection; Comment Request for Form 56

Mon, Sep 29 2008 11:00:00 GMT

Proposed Collection; Comment Request for Regulation Project

Mon, Sep 29 2008 11:00:00 GMT

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 an existing final regulation, REG209828 (TD 8758), Nuclear
Decommissioning Funds; Revised Schedules of Ruling Amounts (Sec. 1.468A3).

Proposed Collection; Comment Request for Regulation Project

Mon, Sep 29 2008 11:00:00 GMT

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 these existing final regulations, REG10373500 and REG15530303, Tax Shelter Disclosure Statements.

Proposed Collection; Comment Request for Form 8845

Wed, Sep 24 2008 11:00:00 GMT

Proposed Collection; Comment Request for Form 8621-A

Wed, Sep 24 2008 11:00:00 GMT

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 Form 8621A, Return by a Shareholder Making Certain Late Elections To End Treatment as a Passive Foreign Investment Company.

Proposed Collection; Comment Request for Notice 99-43

Wed, Sep 24 2008 11:00:00 GMT

Proposed Collection; Comment Request for Notice 2005-44

Wed, Sep 24 2008 11:00:00 GMT

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 Notice 200544, Charitable Contributions of Certain Motor Vehicles, Boats, and Airplanes.

Proposed Collection; Comment Request for Notice 2002-69

Wed, Sep 24 2008 11:00:00 GMT

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 Notice 200269, Interest Rates and Appropriate Foreign Loss Payment Patterns for Determining the Qualified Insurance Income of Certain Controlled Corporations under Section 954(j).

Proposed Collection; Comment Request for Revenue Procedure 99-32

Wed, Sep 24 2008 11:00:00 GMT

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 9932, Conforming Adjustments Subsequent to Section 482 Allocations.

Proposed Collection; Comment Request for Form 5305-SEP

Wed, Sep 24 2008 11:00:00 GMT

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 Form 5305SEP, Simplified Employee PensionIndividual Retirement Accounts Contribution Agreement.

Proposed Collection; Comment Request for Form 8820

Wed, Sep 24 2008 11:00:00 GMT

Proposed Collection; Comment Request for Regulation Project

Wed, Sep 24 2008 11:00:00 GMT

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 an existing final regulation, REG20982796 and REG11167299 (TD 8834), Treatment of Distributions to Foreign Persons Under Sections 367(e)(1) and 367(e)(2) (Sec. Sec. 1.367(e)1, 1.367(e)2 and 1.6038B1).

Application of Section 409A to Nonqualified Deferred Compensation Plans; Correction

Wed, Sep 24 2008 11:00:00 GMT

This document contains corrections to final regulations (TD 9321) which were published in the Federal Register on April 17, 2007 (72 FR 19323). The final regulations relate to section 409A and nonqualified deferred compensation plans.

S Corporation Guidance Under AJCA of 2004 and GOZA of 2005; Correction

Wed, Sep 24 2008 11:00:00 GMT

This document contains a correction to final regulations (TD 9422) that were published in the Federal Register on Thursday, August 14, 2008 (73 FR 47526) providing guidance
[[Page 54946]]
regarding certain changes made to the rules governing S corporations under the American Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005. The final regulations replace obsolete references in the current regulations and allow taxpayers to make proper use of the provisions that made changes to prior law. The final regulations include guidance on the S corporation family shareholder rules, the definitions of ``powers of appointment'' and ``potential current beneficiaries'' (PCBs) with regard to electing small business trusts (ESBTs), the allowance of suspended losses to the spouse or former spouse of an S corporation shareholder, and relief for inadvertently terminated or invalid qualified subchapter S subsidiary (QSub) elections. The final regulations affect S corporations and their shareholde

Targeted Populations Under Section 45D(e)(2)

Wed, Sep 24 2008 11:00:00 GMT

This document contains proposed regulations relating to how an entity serving certain targeted populations under section 45D(e)(2) can meet the requirements to be a qualified active lowincome community business. The regulations reflect changes to the law made by the American Jobs Creation Act of 2004. The regulations will affect certain taxpayers claiming the new markets tax credit. This document also provides a notice of a public hearing on these proposed regulations.

Proposed Collection; Comment Request for Form 8693

Wed, Sep 24 2008 11:00:00 GMT

Proposed Collection; Comment Request for Form 1120-H

Wed, Sep 24 2008 11:00:00 GMT

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 Form 1120H, U.S. Income Tax Return for Homeowners Associations.

Proposed Collection; Comment Request for Form 941-M

Wed, Sep 24 2008 11:00:00 GMT

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,
[[Page 55209]]
Public Law 10413 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 941M, Employer's Monthly Federal Tax Return.

Proposed Collection; Comment Request for Form 1120-REIT

Thu, Sep 18 2008 11:00:00 GMT

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 Form 1120REIT, U.S. Income Tax Return for Real Estate Investment Trusts.

Unified Rule for Loss on Subsidiary Stock

Wed, Sep 17 2008 11:00:00 GMT

This document withdraws proposed regulations relating to the application of section 362(e)(2) to intercompany transactions and to certain modifications to the investment adjustment rules.

Open Meeting of the Area 3 Taxpayer Advocacy Panel (Including the States of Florida, Georgia, Alabama, Mississippi,

Fri, Sep 12 2008 11:00:00 GMT

Section 6707A and the Failure To Include on Any Return or Statement any Information Required To Be Disclosed Under

Thu, Sep 11 2008 11:00:00 GMT

This document contains temporary regulations regarding the imposition of penalties under section 6707A of the Internal Revenue Code (Code) for the failure to include on any return or statement any information required to be disclosed under section 6011 with respect to a reportable transaction. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register.