Federal Register / Vol. 75, No. 38 / Friday, February 26, 2010 / Notices 9025 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulation should be 

directed to Elaine H. Christophe at (202) 

622–3179, or 

Elaine.H.Christophe@irs.gov, or Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue, NW., Washington, 

DC 20224. 

SUPPLEMENTARY INFORMATION: 

Title: Treatment of Acquisition of 

Certain Financial Institutions; Certain 

Tax Consequences of Federal Financial 

Assistance to Financial Institutions. 

OMB Number: 1545–1300. Regulation 

Project Number: FI–46–89. 

Abstract: Recipients of Federal 

financial assistance (FFA) must 

maintain an account of FFA that is 

deferred from inclusion in gross income 

and subsequently recaptured. This 

information is used to determine the 

recipient’s tax liability. Also, tax not 

subject to collection must be reported 

and information must be provided if 

certain elections are made. 

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 the Federal 

Government. 

Estimated Number of Respondents: 

500. 

Estimated Time per Respondent: 4 

hours, 24 minutes. 

Estimated Total Annual Burden 

Hours: 2,200. 

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: February 19, 2010. 

R. Joe Durbala, 

IRS Tax Supervisory Analyst. 

[FR Doc. 2010–3928 Filed 2–25–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8703 

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 

8703, Annual Certification of a 

Residential Rental Project. 

DATES: Written comments should be 

received on or before April 27, 2010 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to R. Joe Durbala, 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 Elaine Christophe 

at Internal Revenue Service, Room 6129, 

1111 Constitution Avenue, NW., 

Washington, DC 20224, or at (202) 622– 

3179, or through the Internet at 

(Elaine.H.Christophe@irs.gov). 

SUPPLEMENTARY INFORMATION: 

Title: Annual Certification of a 

Residential Rental Project. 

OMB Number: 1545–1038. 

Form Number: 8703. 

Abstract: Form 8703 is used by the 

operator of a residential rental project to 

provide annual information that the IRS 

will use to determine whether a project 

continues to be a qualified residential 

rental project under Internal Revenue 

Code section 142(d). If so, and certain 

other requirements are met, bonds 

issued in connection with the project 

are considered ‘‘exempt facility bonds’’ 

and the interest paid on them is not 

taxable to the recipient. 

Current Actions: There are no changes 

being made to the form at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

6,000. 

Estimated Time per Respondent: 6 

hours, 32 minutes. 

Estimated Total Annual Burden 

Hours: 39,180. 

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: February 19, 2010. 

R. Joe Durbala, 

IRS Tax Supervisory Analyst. 

[FR Doc. 2010–3930 Filed 2–25–10; 8:45 am] 

BILLING CODE 4830–01–P 


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