38086 Federal Register / Vol. 74, No. 145 / Thursday, July 30, 2009 / Notices 

Approved: July 21, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–18127 Filed 7–29–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 706–GS(T) 

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 

706–GS(T), Generation-Skipping 

Transfer Tax Return for Terminations. 

DATES: Written comments should be 

received on or before September 28, 

2009 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: Generation-Skipping Transfer 

Tax Return for Terminations. 

OMB Number: 1545–1145. 

Form Number: 706–GS(T). 

Abstract: Form 706–GS(T) is used by 

trustees to compute and report the tax 

due on generation-skipping transfers 

that result from the termination of 

interests in a trust. The IRS uses the 

information to verify that the tax has 

been properly computed. 

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: Individuals or 

households. 

Estimated Number of Respondents: 

500. 

Estimated Number of Response: 1 

hour, 22 minutes. 

Estimated Total Annual Burden 

Hours: 684. 

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: July 23, 2009. 

Allan Hopkins, 

IRS Reports Clearance Office. 

[FR Doc. E9–18134 Filed 7–29–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 1120S, Schedule D, 

Schedule K–1, and Schedule M–3 

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 

1120S, U. S. Income Tax Return for an 

S Corporation, Schedule D (Form 

1120S), Capital Gains and Losses and 

Built-In Gains, Schedule M–3 (Form 

1120S), Net Income (Loss) 

Reconciliation for S Corporations With 

Total Assets of $10 Million or More, and 

Schedule K–1 (Form 1120S), 

Shareholder’s Share of Income, Credits, 

Deductions, etc. 

DATES: Written comments should be 

received on or before September 28, 

2009 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 Evelyn J. Mack at 

Internal Revenue Service, room 6129, 

1111 Constitution Avenue, NW., 

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

7381, or through the Internet at 

(Evelyn.J.Mack@irs.gov). 

SUPPLEMENTARY INFORMATION: 

Title: Form 1120S, U. S. Income Tax 

Return for an S Corporation, Schedule D 

(Form 1120S), Capital Gains and Losses 

and Built-in Gains, Schedule K–1 (Form 

1120S), Shareholder’s Share of Income, 

Credits, Deductions, etc., Schedule M– 

3 (Form 1120S), Net Income (Loss) 

Reconciliation for S Corporations With 

Total Assets of $10 Million or More. 

OMB Number: 1545–0130. 

Form Number: Form 1120S, Schedule 

D, Schedule K–1, and Schedule M–3. 

Abstract: Form 1120S, Schedule D 

(Form 1120S), Schedule K–1 (Form 

1120S), and Schedule M–3 (Form 

1120S) are used by an S corporation to 

figure its tax liability, and income and 

other tax-related information to pass 

through to its shareholders. Schedule D 

is used to report gain or loss from sales 

or exchanges of capital assets and the 

computation of tax on certain capital 

gains imposed by Internal Revenue 

Code section 1374. Schedule K–1 is 

used to report to shareholders their 

share of the corporation’s income, 

deductions, credits, etc. Schedule M–3 

is used for S corporations with assets of 

$10 million or more, to reconcile 

financial accounting net income and 

taxable income in a standardized and 

detailed format. 

Current Actions: Ten additional lines 

added to Form 1120S Schedule M–3. 

Forms 1120S Schedule L and 1120S 


erowe on DSK5CLS3C1PROD with NOTICES
Federal Register / Vol. 74, No. 145 / Thursday, July 30, 2009 / Notices 38087 

Schedule M–1 are now incorporated 

into Form 1120S. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, and farms. 

Estimated Number of Respondents: 

15,077,000. 

Estimated Time per Respondent: 25 

hours, 44 minutes. 

Estimated Total Annual Burden 

Hours: 388,153,670. 

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: July 20, 2009. 

Allan Hopkins, 

IRS Reports Clearance Officer. 

[FR Doc. E9–18128 Filed 7–29–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 706–GS(D–1) 

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 

706–GS(D–1), Notification of 

Distribution From a GenerationSkipping Trust. 

DATES: Written comments should be 

received on or before September 28, 

2009 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, (202) 

622–3933, Internal Revenue Service, 

room 6129, 1111 Constitution Avenue 

NW., Washington, DC 20224, or through 

the Internet at Dawn.E.Bidne@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Notification of Distribution 

From a Generation-Skipping Trust. 

OMB Number: 1545–1143. 

Form Number: 706–GS(D–1). 

Abstract: Form 706–GS(D–1) is used 

by trustees to provide information to the 

IRS and to distributees regarding 

generation-skipping distributions from 

trusts. The information is needed by 

distributees to compute the generationskipping tax imposed by Internal 

Revenue Code section 2601. The IRS 

uses the information to verify that the 

tax has been properly computed. 

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: Individuals or 

households. 

Estimated Number of Respondents: 

80,000. 

Estimated Time per Respondent: 4 

hours, 22 minutes. 

Estimated Total Annual Burden 

Hours: 348,800. 

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: July 23, 2009. 

Allan Hopkins, 

IRS Reports Clearance Officer. 

[FR Doc. E9–18130 Filed 7–29–09; 8:45 am] 

BILLING CODE 4830–01–M 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Revenue Procedure 97–43 

and Revenue Ruling 97–39 

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 

Revenue Procedure 97–43, Procedures 

for Electing Out of Exemptions Under 

Section 1.475(c)–1, and Revenue Ruling 

97–39, Mark-to-Market Accounting 

Method for Dealers in Securities. 

DATES: Written comments should be 

received on or before September 28, 

2009 to be assured of consideration. 


erowe on DSK5CLS3C1PROD with NOTICES