20100 Federal Register / Vol. 74, No. 82 / Thursday, April 30, 2009 / Notices 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[CO–30–92] 

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, CO–30–92 (TD 

8560), Consolidated Returns—Stock 

Basis and Excess Loss Accounts, 

earnings and Profits, Absorption of 

Deductions and Losses, Joining and 

Leaving Consolidated Groups, 

Worthless Stock Loss, Nonapplicability 

of Section 357(c), (§§ 1.1502–31, 

1.1502–32, 1.1502–33, 1.1502–76). 

DATES: Written comments should be 

received on or before June 29, 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 this regulation should be 

directed to R. Joseph Durbala, 202–622– 

3634, Internal Revenue Service, Room 

6129, 1111 Constitution Avenue NW., 

Washington, DC 20224, or through the 

internet at RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Consolidated Returns—Stock 

Basis and Excess Loss Accounts, 

Earnings and Profits, Absorption of 

Deductions and Losses, Joining and 

Leaving Consolidated Groups, 

Worthless Stock Loss, Nonapplicability 

of Section 357(c). 

OMB Number: 1545–1344. 

Regulation Project Number: CO–30– 

92 (final). 

Abstract: These regulations amend the 

consolidated return investment 

adjustment system, including the rules 

for earnings and profits and excess loss 

accounts. In addition, the regulations 

provide special rules for allocating 

consolidated income tax liability among 

members and modify the method for 

allocating income when a corporation 

enters or leaves a consolidated group. 

Current Actions: There is no change to 

the total burden of these final 

regulations. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

52,049. 

Estimated Time per Respondent: 22 

minutes. 

Estimated Total Annual Burden 

Hours: 18,600. 

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: April 14, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–9892 Filed 4–29–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 13751 

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 

13751, Waiver of Right to Consistent 

Agreement of Partnership Items and 

Partnership-Level Determinations as to 

Penalties, Additions to Tax, and 

Additional Amounts. 

DATES: Written comments should be 

received on or before June 29, 2009 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn P. 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 form and instructions 

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. 

SUPPLEMENTARY INFORMATION: 

Title: Waiver of Right to Consistent 

Agreement of Partnership Items and 

Partnership-Level Determinations as to 

Penalties, Additions to Tax, and 

Additional Amounts. 

OMB Number: 1545–1969. 

Form Number: 13751. 

Abstract: The information requested 

on Form 13751 (as required under 

Announcement 2005–80) will be used to 

determine the eligibility for 

participation in the settlement initiative 

of taxpayers related through TEFRA 

partnerships to ineligible applicants. 

Such determinations will involve 

partnership items and partnership-level 

determinations, as well as the 

calculation of tax liabilities resolved 

under this initiative, including penalties 

and interest. 

Current Actions: There are no changes 

being made to the form at this time.