Federal Register / Vol. 74, No. 52 / Thursday, March 19, 2009 / Notices 11811 

(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: March 4, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–5881 Filed 3–18–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[CO–68–87; CO–69–87; CO–18–90] 

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 existing 

final regulations, CO–68–87 and CO– 

69–87 (TD 8352), Final Regulations 

Under Sections 382 and 383 of the 

Internal Revenue Code of 1986; Prechange Attributes, and CO–18–90 (TD 

8531), Final Regulations Under Section 

382 of the Internal Revenue Code of 

1986; Limitations on Corporate Net 

Operating Loss Carryforwards (§§ 1.382– 

4 and 1.382–2T). 

DATES: Written comments should be 

received on or before May 18, 2009 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn Kirkland, 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 R. Joseph Durbala, (202) 

622–3634, or at Internal Revenue 

Service, room 6129, 1111 Constitution 

Avenue NW., Washington, DC 20224, or 

through the Internet at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: CO–68–87 and CO–69–87 (TD 

8352), Final Regulations Under Sections 

382 and 383 of the Internal Revenue 

Code of 1986; Pre-change Attributes, 

and CO–18–90 (TD 8531), Final 

Regulations Under Section 382 of the 

Internal Revenue Code of 1986; 

Limitations on Corporate Net Operating 

Loss Carryforwards. 

OMB Number: 1545–1120. 

Regulation Project Number: CO–68– 

87; CO–69–87; CO–18–90. 

Abstract: (CO–68–87 and CO–69–87) 

These regulations require reporting by a 

corporation after it undergoes an 

‘‘ownership change’’ under Code 

sections 382 and 383. Corporations 

required to report under these 

regulations include those with capital 

loss carryovers and excess credits. (CO– 

18–90) These regulations provide rules 

for the treatment of options under Code 

section 382 for purposes of determining 

whether a corporation undergoes an 

ownership change. The regulation 

allows for certain elections for 

corporations whose stock is subject to 

options. 

Current Actions: There is no change to 

these existing regulations. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

75,150. 

Estimated Time Per Respondent: 2 

hours, 56 minutes. 

Estimated Total Annual Burden 

Hours: 220,575. 

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. E9–5889 Filed 3–18–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Notice 97–19 and Notice 

98–34 

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 

97–19 and Notice 98–34, Guidance for 

Expatriates under Internal Revenue 

Code sections 877, 2501, 2107 and 

6039F. 

DATES: Written comments should be 

received on or before May 18, 2009 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn Kirkland, 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 R. Joseph Durbala at Internal 

Revenue Service, room 6129, 1111 

Constitution Avenue NW., Washington, 

DC 20224, or at (202) 622–3634, or 

through the Internet at 

RJoseph.Durbala@irs.gov. 


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