Federal Register / Vol. 75, No. 38 / Friday, February 26, 2010 / Notices 9023 

Type of Review: Extension of a 

currently approved collection. 

Title: Revenue Procedure 2000–37 

Reverse Like-kind Exchanges. 

Description: The revenue procedure 

provides a safe harbor for reverse likekind exchanges under which a 

transaction using a ‘‘qualified exchange 

accommodation arrangement’’ will 

qualify for non-recognition treatment 

under Sec. 1031 of the Internal Revenue 

Code. 

Respondents: Businesses or other forprofits. 

Estimated total burden hours: 3,200 

hours. 

OMB Number: 1545–1851. 

Type of Review: Extension of a 

currently approved collection. 

Title: REG–124312–02 (Final) Golden 

Parachute Payments. 

Description: These regulations deny a 

deduction for excess parachute 

payments. A parachute payment is a 

payment in the nature of compensation 

to a disqualified individual that is 

contingent on a change in ownership or 

control of a corporation. Certain 

payments, including payments from a 

small corporation, are exempt from the 

definition of parachute payment if 

certain requirements are met (such as 

shareholder approval and disclosure 

requirements). 

Respondents: Businesses or other forprofits. 

Estimated total burden hours: 12,000 

hours. 

OMB Number: 1545–2023. 

Type of Review: Extension of a 

currently approved collection. 

Title: Modernized e-File—Noncompliance with Mandate for Large 

Corporations to file electronically. 

Description: Service will contact those 

taxpayers who file paper income tax 

returns to determine if these taxpayers 

should have filed electronic returns 

under the Mandate, Treasury Regulation 

Section 301.6011–5T. 

Respondents: Businesses or other forprofits. 

Estimated total burden hours: 2,080 

hours. 

OMB Number: 1545–1711. 

Type of Review: Extension of a 

currently approved collection. 

Title: REG–116050–99 (final) Stock 

Transfer Rules: Carryover of Earnings 

and Taxes. 

Description: This document contains 

final regulations addressing the 

carryover of certain attributes, such as 

earnings and profits and foreign income 

tax accounts, when two corporations 

combine in a corporate reorganization or 

liquidation that is described in both 

section 367(b) and section 381 of the 

Internal Revenue Code. 

Respondents: Businesses or other forprofits. 

Estimated total burden hours: 1,800 

hours. 

OMB Number: 1545–1034. 

Type of Review: Extension of a 

currently approved collection. 

Title: Passive Activity Credit 

Limitations. 

Form: 8582–CR. 

Description: Under section 469, 

credits from passive activities, to the 

extent they do not exceed the tax 

attributable to net passive income, are 

not allowed. Form 8582–CR is used to 

figure the passive activity credit allowed 

and the amount of credit to be reported 

on the tax return. 

Respondents: Individuals or 

Households. 

Estimated total burden hours: 

2,370,600 hours. 

OMB Number: 1545–2027. 

Type of Review: Extension of a 

currently approved collection. 

Title: ADA Accommodations Request 

Packet. 

Description: It is necessary to collect 

this information so that ADA applicant 

may receive reasonable accommodation, 

as needed, to take the Special 

Enrollment Examination. We are 

utilizing the vendor’s survey which 

complies with the ADA and the 

Rehabilitation Act of 1978. 

Respondents: Individuals or 

Households. 

Estimated total burden hours: 500 

hours. 

Bureau Clearance Officer: R. Joseph 

Durbala, Internal Revenue Service, 1111 

Constitution Avenue, NW., Room 6129, 

Washington, DC 20224; (202) 622–3634. 

OMB Reviewer: Shagufta Ahmed, 

Office of Management and Budget, New 

Executive Office Building, Room 10235, 

Washington, DC 20503; (202) 395–7873. 

Celina Elphage, 

Treasury PRA Clearance Officer. 

[FR Doc. 2010–3948 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 5471 (and Related 

Schedules) 

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 

5471 (and related schedules), 

Information Return of U.S. Persons With 

Respect To Certain Foreign 

Corporations. 

DATES: Written comments should be 

received on or before April 27, 2010 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to R. Joseph 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 Dawn Bidne at 

Internal Revenue Service, room 6129, 

1111 Constitution Avenue NW., 

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

3933, or through the Internet at 

Dawn.E.Bidne@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Information Return of U.S. 

Persons With Respect To Certain 

Foreign Corporations. 

OMB Number: 1545–0704. 

Form Number: 5471 (and related 

schedules). 

Abstract: Form 5471 and related 

schedules are used by U.S. persons that 

have an interest in a foreign corporation. 

The form is used to report income from 

the foreign corporation. The form and 

schedules are used to satisfy the 

reporting requirements of Internal 

Revenue Code sections 6035, 6038 and 

6046 and the regulations thereunder 

pertaining to the involvement of U.S. 

persons with certain foreign 

corporations. 

Current Actions: Form 5471 was 

changed to include six new lines and 

one new code reference. Schedule M 

(Form 5471) was changed to include 

thirty new lines and two new code 

references. These changes resulted in an 

increase of 234,790 burden hours for a 

total of 4,280,133 burden hours. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations and Individuals or 

households. 

Estimated Number of Respondents: 

28,380. 

Estimated Time per Respondent: 155 

hours, 3 minutes. 

Estimated Total Annual Burden 

Hours: 4,280,133. 


sroberts on DSKD5P82C1PROD with NOTICES
9024 Federal Register / Vol. 75, No. 38 / Friday, February 26, 2010 / Notices 

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. Joseph Durbala, 

IRS Supervisory Tax Analyst. 

[FR Doc. 2010–3923 Filed 2–25–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[LR–213–76] 

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, LR–213–76 (TD 

8095), Estate and Gift Taxes; Qualified 

Disclaimers of Property (Section 

25.2518–2(b)). 

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 regulations 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: Estate and Gift Taxes; Qualified 

Disclaimers of Property. 

OMB Number: 1545–0959. Regulation 

Project Number: LR–213–76. 

Abstract: Internal Revenue Code 

section 2518 allows a person to disclaim 

an interest in property received by gift 

or inheritance. The interest is treated as 

if the disclaimant never received or 

transferred such interest for Federal gift 

tax purposes. A qualified disclaimer 

must be in writing and delivered to the 

transferor or trustee. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 

2,000. 

Estimated Time per Respondent: 30 

minutes. 

Estimated Total Annual Burden 

Hours: 1,000. 

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 will 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 Supervisory Tax Analyst. 

[FR Doc. 2010–3925 Filed 2–25–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[FI–46–89] 

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, FI–46–89 (T.D. 

8641), Treatment of Acquisition of 

Certain Financial Institutions; Certain 

Tax Consequences of Federal Financial 

Assistance to Financial Institutions 

(§§ 1.597–2 and 1.597–4, 1.597–6 and 

1.597–7). 

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. 


sroberts on DSKD5P82C1PROD with NOTICES