Federal Register / Vol. 74, No. 23 / Thursday, February 5, 2009 / Notices 6217 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–209823–96] 

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–209823– 

96 (TD 8791), Guidance Regarding 

Charitable Remainder Trusts and 

Special Valuation Rules for Transfers of 

Interests and Trusts. 

DATES: Written comments should be 

received on or before April 6, 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 this regulation should be 

directed to Allan Hopkins, (202) 622– 

6665, Internal Revenue Service, Room 

6516, 1111 Constitution Avenue, NW., 

Washington, DC 20224, or through the 

internet at Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Guidance Regarding Charitable 

Remainder Trusts and Special Valuation 

Rules for Transfers of Interests and 

Trusts. 

OMB Number: 1545–1536. 

Regulation Project Number: REG– 

209823–96. 

Abstract: This regulation provides 

guidance relating to charitable 

remainder trusts and to special 

valuation rules for transfers of interests 

in trusts. Section 1.664–1(a)(7) of the 

regulation provides that either an 

independent trustee or qualified 

appraiser using a qualified appraisal 

must value a charitable remainder 

trust’s assets that do not have an 

objective, ascertainable value. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit organizations. 

Estimated Number of Respondents: 

150. 

Estimated Time per Respondent: 30 

minutes. 

Estimated Total Annual Burden 

Hours: 75. 

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: January 22, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–2414 Filed 2–4–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–133446–03] 

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 Temp and final regulation, 

REG–133446–03, Guidance on Passive 

Foreign Company (PFIC) Purging 

Elections. 

DATES: Written comments should be 

received on or before April 6, 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 Allan Hopkins at Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or at (202) 622–6665, or 

through the Internet at 

Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Guidance on Passive Foreign 

(PFIC) Purging Elections. 

OMB Number: 1545–1965. 

Regulation Project Number: REG– 

133446–03. 

Abstract: The IRS needs the 

information to substantiate the 

taxpayer’s computation of the taxpayer’s 

share of the PFIC’s post-1986 earning 

and profits. 

Current Actions: There is no change to 

these existing regulations. 

Type of Review: Extension of 

currently approved collection. 

Affected Public: Individuals or 

households, business or other for-profit 

organizations. 

Estimated Number of Respondents: 

250. 

Estimated Time per Respondent: 1 

hour. 

Estimated Total Annual Burden 

Hours: 250. 

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 


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