Federal Register / Vol. 74, No. 160 / Thursday, August 20, 2009 / Notices 42161 

Approved: August 10, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–19950 Filed 8–19–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Revenue Procedures 97– 

36, 97–38, 97–39, 2002–9, 2008–52, and 

2009–XX 

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 Procedures 97–36, 97–38, 97– 

39, and 2002–9, Changes in Methods of 

Accounting. 

DATES: Written comments should be 

received on or before October 19, 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 regulations 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: Changes in Methods of 

Accounting. 

OMB Number: 1545–1551. Revenue 

Procedure Number: Revenue Procedures 

97–36, 97–38, 97–39, 2002–9. 2008–52, 

and 2009–XX. 

Abstract: The information collected in 

the four revenue procedures is required 

in order for the Commissioner to 

determine whether the taxpayer 

properly is requesting to change its 

method of accounting and the terms and 

conditions of the change. 

Current Actions: Revenue Procedure 

2009–XX is being added to this 

collection and modifies the collections 

currently associated with this OMB 

number. This action resulted in a 

burden increase of 1215.85 hours and 

815 new filers affected by this 

collection. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Individuals or 

households, business or other for-profit 

organizations, not-for-profit institutions, 

and farms. 

Estimated Number of Respondents: 

14,065. 

Estimated Time per Respondent: 1 

hour, 5 minutes. 

Estimated Total Annual Burden 

Hours: 15,191.85. 

The following paragraph applies to all 

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. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–19948 Filed 8–19–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Notice 2003–67 

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 Notice 

2003–67, Notice on Information 

Reporting for Payments in Lieu of 

Dividends. 

DATES: Written comments should be 

received on or before October 19, 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 regulations 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: Notice on Information Reporting 

for Payments in Lieu of Dividends. 

Notice Number: 1545–1858. 

Abstract: Notice 2003–67 provides 

guidance to brokers and individuals 

regarding provisions in the Jobs and 

Growth Tax Relief Reconciliation Act of 

2003. The notice provides rules for 

brokers to use in determining loanable 

shares and rules for allocating 

transferred shares for purposes of 

determining payments in lieu of 

dividend reportable to individuals. 

These rules require brokers to comply 

with certain recordkeeping 

requirements to use the favorable rules 

for determining loanable shares and for 

allocating transferred shares that may 

give rise to payments in lieu of 

dividends. 

Current Actions: There are no changes 

being made to the notice at this time. 

Type of Review: Extension of a 

currently approved collection. 


sroberts on DSKD5P82C1PROD with NOTICES
42162 Federal Register / Vol. 74, No. 160 / Thursday, August 20, 2009 / Notices 

Affected Public: Business or other-forprofit organizations. 

Estimated Number of Respondents: 

600 hours. 

Estimated Average Time per 

Respondent: 100 hours. 

Estimated Total Annual Burden 

Hours: 60,000. 

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: August 10, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–19947 Filed 8–19–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 1120, Schedule B, 

Schedule D, Schedule G, Schedule H, 

Schedule M–3, Schedule N, Schedule 

O, and Schedule PH 

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 

1120, U.S. Corp. Income Tax Return and 

its affiliated schedules. 

DATES: Written comments should be 

received on or before October 19, 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: Form 1120—U.S. Corp. Income 

Tax Return, Schedule B—Additional 

Information for Schedule M–3 Filers, 

Schedule D—Capital Gains and Losses, 

Schedule G—Information of Certain 

Persons Owning the Corporation’s 

Voting Stock, Schedule H—Section 

280H Limitations for a Personal Service 

Corporation (PSC), Schedule M–3—Net 

Income (Loss) Reconciliation for 

Corporations with Total Assets of $10 

Million or More, Schedule N—Foreign 

Operations of U.S. Corporations, 

Schedule O—Consent Plan and 

Apportionment Schedule for a 

Controlled Group, and Schedule PH— 

U.S. Personal Holding. 

OMB Number: 1545–0123. 

Form Number: 1120, Schedule B, 

Schedule D, Schedule G, Schedule H, 

Schedule M–3, Schedule N, Schedule O, 

and Schedule PH. 

Abstract: Form 1120 is used by 

corporations to compute their taxable 

income and tax liability. Schedule D 

(Form 1120) is used by corporations to 

report gains and losses from the sale of 

capital assets. Schedule H (Form 1120) 

is used by personal service corporations 

to determine if they have met the 

minimum distribution requirements of 

section 280H. Schedule N (1120) is used 

by corporations that have assets in or 

business operations in a foreign country 

or a U.S. possession. Schedule O (Form 

1120) will be used by corporations that 

are members of a controlled group to 

show the adoption, amendment, or 

termination of an apportionment plan. It 

will also be used to show the 

apportionment of taxable income, 

income tax, and other tax benefits for 

members of the controlled group. 

Schedule PH (Form 1120) is used by 

personal holding companies to figure 

the personal holding company tax under 

section 541. The IRS uses these forms to 

determine whether corporations have 

correctly computed their tax liability. 

Current Actions: Schedule G has been 

added to this collection resulting in a 

burden increase of 236,250 hours. In 

addition, various changes have been 

made to other forms under this approval 

number which decreased the burden by 

16,487,149 hours. The new burden total 

for this collection is 345,452,006 hours. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Business, or other 

for-profit organizations and farms. 

Estimated Number of Respondents: 

5,775,633. 

Estimated Time per Respondent: 61 

hours, 22 minutes. 

Estimated Total Annual Burden 

Hours: 354,453,006 hours. 

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. 


sroberts on DSKD5P82C1PROD with NOTICES