28328 Federal Register / Vol. 75, No. 97 / Thursday, May 20, 2010 / Notices 

Approved: May 4, 2010. 

Gerald Shields, 

IRS Reports Clearance Officer. 

[FR Doc. 2010–12044 Filed 5–19–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–150562–03] 

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 proposed regulation, REG– 

150562–03 (NPRM), Section 1045 

Application to Partnerships. 

DATES: Written comments should be 

received on or before July 19, 2010 to be 

assured of consideration. 

ADDRESSES: Direct all written comments 

to Gerald Shields, 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: Section 1045 Application to 

Partnerships. 

OMB Number: 1545–1893. 

Regulation Project Number: REG– 

150562–03. 

Abstract: This document contains 

proposed regulations relating to the 

application of section 1045 of the 

Internal Revenue Code (Code) to 

partnerships and their partners. These 

regulations provide rules regarding the 

deferral of gain on a partnership’s sale 

of qualified small business stock and 

deferral of gain on a partner’s sale of 

qualified small business stock 

distributed by a partnership. The 

proposed regulations affect partnerships 

that invest in qualified small business 

stock and their partners. This document 

also provides notice of a public hearing 

on the proposed regulations. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of the 

currently approved collection. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 

1,000. 

Estimated Time per Respondent: 1 

hour. 

Estimated Total Annual Burden 

Hours: 1,000. 

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: April 22, 2010. 

Allan Hopkins, 

Tax Analyst. 

[FR Doc. 2010–12043 Filed 5–19–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–209020–86] 

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 notice of proposed rulemaking 

and temporary regulation, REG–209020– 

86 (TD 8210), Foreign Tax Credit; 

Notification and Adjustment Due to 

Foreign Tax Redeterminations 

(§§ 1.905–3T, 1.905–4T, 1.905–5T and 

301.6689–IT). 

DATES: Written comments should be 

received on or before July 19, 2010 to be 

assured of consideration. 

ADDRESSES: Direct all written comments 

to Gerald Shields, 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: Foreign Tax Credit; Notification 

and Adjustment Due to Foreign Tax 

Redeterminations. 

OMB Number: 1545–1056. 

Regulation Project Number: REG– 

209020–86 (formerly INTL–61–86). 

Abstract: This regulation relates to a 

taxpayer’s obligation under section 

905(c) of the Internal Revenue Code to 

file notification of a foreign tax 

redetermination, to make adjustments to 

a taxpayer’s pools of foreign taxes and 

earnings and profits, and the imposition 

of the civil penalty for failure to file 

such notice or report such adjustments. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of 

currently approved collection. 


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