Federal Register / Vol. 74, No. 45 / Tuesday, March 10, 2009 / Notices 10343 

Partnerships and Certain Foreign 

Corporations. 

OMB Number: 1545–1617. Regulation 

Project Number: REG–124069–02, REG– 

118966–97. 

Abstract: REG–124069–02: Treasury 

Regulation 1.6038–3 requires certain 

United States person who own interests 

in controlled foreign partnerships to 

annually report information to the IRS 

on Form 8865. This regulation amends 

the reporting rules under Treasury 

Regulation section 1.6038-e to provide 

that a U.S. person must follow the filing 

requirements that are specified in the 

instructions for Form 8865 when the 

U.S. person must file Form 8865 and the 

foreign partnership completes and files 

Form 1065 or Form 1065–B. REG– 

118966–97: Section 6038 requires 

certain U.S. persons who own interest 

in controlled foreign partnerships or 

certain foreign corporations to annually 

report information to the IRS. This 

regulation provides reporting rules to 

identify foreign partnerships and foreign 

corporations which are controlled by 

U.S. persons. 

Current Actions: There are no changes 

to these existing regulations. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit institutions and individuals or 

households. 

Estimated Number of Respondents: 

600. 

Estimated Total Burden Hours: 500. 

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 23, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–4957 Filed 3–9–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–139768–02] 

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–139768– 

02 (TD 9134), Excise Tax Relating to 

Structured Settlement Factoring 

Transactions. 

DATES: Written comments should be 

received on or before May 11, 2009. 

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 Allan Hopkins, at (202) 622– 

6665, or at Internal Revenue Service, 

room 6129, 1111 Constitution Avenue, 

NW., Washington, DC 20224, or through 

the Internet, at 

Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Excise Tax Relating to 

Structured Settlement Factoring 

Transactions. 

OMB Number: 1545–1824. 

Regulation Project Number: REG– 

139768–02. 

Abstract: The regulations provide 

rules relating to the manner and method 

of reporting and paying the 40 percent 

excise tax imposed by section 5891 of 

the Internal Revenue Code with respect 

to acquiring of structured payment 

rights. 

Current Actions: This regulation has 

gone final. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, individuals or 

households. 

Estimated Number of Respondents: 4. 

Estimated Time per Respondent: 30 

min. 

Estimated Total Annual Burden 

Hours: 2. 

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 23, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–4966 Filed 3–9–09; 8:45 am] 

BILLING CODE 4830–01–P