48350 Federal Register / Vol. 74, No. 182 / Tuesday, September 22, 2009 / Notices 

existing final regulation, REG–124312– 

02, Golden Parachute Payments. 

DATES: Written comments should be 

received on or before November 23, 

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 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: Golden Parachute Payments. 

OMB Number: 1545–1851. 

Regulation Project Number: REG– 

124312–02. 

Abstract: These regulations deny a 

deduction for excess parachute 

payments. A parachute payment is 

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). 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

800. 

Estimated Time per Respondent: 9 

minutes. 

Estimated Total Annual Burden 

Hours: 12,000. 

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: September 15, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–22695 Filed 9–21–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–116050–99] 

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–116050– 

99, Stock Transfer Rules: Carryover of 

Earnings and Taxes (§ 1.367(b)–1). 

DATES: Written comments should be 

received on or before November 23, 

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 regulation should be 

directed to Evelyn J. Mack, at (202) 622– 

7381, or at Internal Revenue Service, 

room 6516, 1111 Constitution Avenue, 

NW., Washington, DC 20224, or through 

the internet, at Evelyn.J.Mack@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Stock Transfer Rules: Carryover 

of Earnings and Taxes. 

OMB Number: 1545–1711. 

Regulation Project Number: REG– 

116050–99. 

Abstract: The final regulations relate 

to the carryover of certain tax attributes, 

such as earnings and profits and foreign 

income tax accounts, when two 

corporations combine in a section 

367(b) transaction. 

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. 

Estimated Number of Respondents: 

600. 

Estimated Time per Respondent: 8 

hours. 

Estimated Total Annual Burden 

Hours: 1,800. 

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. 


sroberts on DSKD5P82C1PROD with NOTICES
Federal Register / Vol. 74, No. 182 / Tuesday, September 22, 2009 / Notices 48351 

Approved: September 16, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–22696 Filed 9–21–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for NOT 110859–09 

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 NOT 

110859–09, Qualifying Advanced 

Energy Project Credit. 

DATES: Written comments should be 

received on or before November 23, 

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 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: Qualifying Advanced Energy 

Project Credit 

OMB Number: 1545–2151. 

Notice Number: NOT 110859–09. 

Abstract: This notice establishes the 

qualifying advanced energy project 

program (‘‘advanced energy program’’) 

under § 48C(d) of the Internal Revenue 

Code and announces an initial 

allocation round of the qualifying 

advanced energy project credit 

(‘‘advanced energy credit’’) to qualifying 

advanced energy projects under the 

advanced energy program. A qualifying 

advanced energy project re-equips, 

expands, or establishes a manufacturing 

facility for the production of certain 

energy related property. A taxpayer 

must submit, for each qualifying 

advanced energy project: (1) An 

application for recommendation by the 

DOE (‘‘application for DOE 

recommendation’’), and (2) an 

application for certification under 

§ 48C(d)(2) by the Service (‘‘application 

for § 48C certification’’). Both 

applications may be submitted only 

during the 2-year period beginning on 

August 14, 2009. Certifications will be 

issued and credits will be allocated to 

projects in annual allocation rounds. 

The initial allocation round will be 

conducted in 2009–10, and If necessary, 

additional allocation round in 2010–11. 

Current Actions: There is no change 

in the paperwork burden previously 

approved by OMB. This notice is being 

submitted for renewal purposes only. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit. 

Estimated Number of Respondents: 

1000. 

Estimated Average Time per 

Respondent: 110 hrs. 

Estimated Total Annual Burden 

Hours: 110,000 hrs. 

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. 

Approved: September 16, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–22698 Filed 9–21–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Revenue Procedure 2000– 

35 

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 2000–35, Section 

1445 Withholding Certificates. 

DATES: Written comments should be 

received on or before November 23, 

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 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: Section 1445 Withholding 

Certificates. 

OMB Number: 1545–1697. 

Revenue Procedure Number: Revenue 

Procedure 2003–35. 

Abstract: Revenue Procedure 2003–35 

provides guidance concerning 

applications for withholding certificates 

under Code section 1445. 

Current Actions: There are no changes 

being made to the revenue procedure at 

this time. 

Type of Review: Extension of a 

currently approved collection. 


sroberts on DSKD5P82C1PROD with NOTICES