9076 Federal Register / Vol. 76, No. 32 / Wednesday, February 16, 2011 / Notices 

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 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: T.D. 9052: Notice of Significant 

Reduction in the Rate of Future Benefit 

Accrual. 

Title: T.D. 9472: Notice Requirements 

for Certain Pension Plan Amendments 

Significantly Reducing the Rate of 

Future Benefit Accrual. 

OMB Number: 1545–1780. 

Abstract: T.D. 9052: This document 

contains final regulations providing 

guidance on the notification 

requirements under section 4980F of the 

Internal Revenue Code (Code) and 

section 204(h) of the Employee 

Retirement Income Security Act of 1974 

(ERISA). Under these final regulations, 

a plan administrator must give notice of 

a plan amendment to certain plan 

participants and beneficiaries when the 

plan amendment provides for a 

significant reduction in the rate of 

future benefit accrual or the elimination 

or significant reduction in an early 

retirement benefit or retirement-type 

subsidy. These final regulations affect 

retirement plan sponsors and 

administrators, participants in and 

beneficiaries of retirement plans, and 

employee organizations representing 

retirement plan participants. 

Abstract: T.D. 9472: This document 

contains final regulations providing 

guidance relating to the application of 

the section 204(h) notice requirements 

to a pension plan amendment that is 

permitted to reduce benefits accrued 

before the plan amendment’s applicable 

amendment date. These regulations also 

reflect certain amendments made to the 

section 204(h) notice requirements by 

the Pension Protection Act of 2006. 

These final regulations generally affect 

sponsors, administrators, participants, 

and beneficiaries of pension plans. 

Current Actions: There are no changes 

being made to this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit organizations. 

Estimated Number of Respondents: 

4,000. 

Estimated Time per Respondent: 

10 hours. 

Estimated Total Annual Burden 

Hours: 40,000. 

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: January 20, 2011. 

Yvette B. Lawrence, 

IRS Reports Clearance Officer. 

[FR Doc. 2011–3433 Filed 2–15–11; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–120168–97. T.D. 8798] 

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 final regulation, REG–120168– 

97 (TD 8798), Preparer Due Diligence 

Requirements for Determining Earned 

Income Credit Eligibility. 

DATES: Written comments should be 

received on or before April 18, 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 copies of the regulation should 

be directed to Joel Goldberger at (202) 

927–9368, or at Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224, 

or through the Internet, at 

Joel.P.Goldberger@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Preparer Due Diligence 

Requirements for Determining Earned 

Income Credit Eligibility. 

OMB Number: 1545–1570. 

Regulation Project Number: REG– 

120168–97 (T.D. 8798). 

Abstract: Income tax return prepares 

who satisfy the due diligence 

requirements in this regulation will 

avoid the imposition of the penalty 

section 6695(g) of the Internal Revenue 

Code for returns or claims for refund 

due after December 31, 1997. The due 

diligence requirements include 

soliciting the information necessary to 

determine a taxpayer’s eligibility for, 

and amount of, the Earned Income Tax 

Credit and the retention of this 

information. 

Current Actions: There are no changes 

being made to this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit. 

Estimated Number of Respondents: 

100,000. 

Estimated Time per Respondent: 

5 hours, 4 minutes. 

Estimated Total Annual Burden 

Hours: 507,136. 

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 

mstockstill on DSKH9S0YB1PROD with NOTICES

Federal Register / Vol. 76, No. 32 / Wednesday, February 16, 2011 / Notices 9077 

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: January 31, 2011. 

Yvette B. Lawrence, 

IRS Reports Clearance Officer. 

[FR Doc. 2011–3434 Filed 2–15–11; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[PS–262–82; T.D. 8600] 

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 final regulation, PS–262–82 

(T.D. 8600), Definition of an S 

Corporation (§ 1.1361–3). 

DATES: Written comments should be 

received on or before April 18, 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 additional information or 

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: Definition of an S Corporation. 

OMB Number: 1545–0731. 

Regulation Project Number: PS–262– 

82 (T.D. 8600). 

Abstract: This regulation provides the 

procedures and the statements to be 

filed by certain individuals for making 

the election under Internal Revenue 

Code section 136(d)(2), the refusal to 

consent to the election, or the 

revocation of that election. The 

statements required to be filed are used 

to verify that taxpayers are complying 

with requirements imposed by Congress 

under subchapter S. 

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 and individuals. 

Estimated Number of Respondents: 

1,005. 

Estimated Time per Respondent: 

1 hour. 

Estimated Total Annual Burden 

Hours: 1,005. 

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: January 20, 2011. 

Yvette B. Lawrence, 

IRS Reports Clearance Officer. 

[FR Doc. 2011–3435 Filed 2–15–11; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 2553 

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 

2553, Election by a Small Business 

Corporation. 

DATES: Written comments should be 

received on or before April 18, 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 additional information or 

copies of the form and instructions 

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: Election by a Small Business 

Corporation. 

OMB Number: 1545–0146. 

Form Number: 2553. 

Abstract: Form 2553 is filed by a 

qualifying corporation to elect to be an 

S Corporation as defined in Internal 

Revenue Code section 1361. The 

information obtained is necessary to 

determine if the election should be 

accepted by the IRS. When the election 

is accepted, the qualifying corporation 

is classified as an S Corporation and the 

mstockstill on DSKH9S0YB1PROD with NOTICES