55212 Federal Register / Vol. 73, No. 186 / Wednesday, September 24, 2008 / Notices 

Income of Certain Controlled 

Corporations under Section 954(j). 

OMB Number: 1545–1799. 

Notice Number: Notice 2002–69. 

Abstract: Notice 2002–69 allows U.S. 

shareholders of a foreign insurance 

company to use the foreign insurance 

company’s historical loss payment 

patterns in computing the company’s 

insurance reserves provided the 

company has a certain number of years 

of data and makes an election to use that 

data. A domestic insurance company 

can elect to use its own historical data 

in computing its reserves provided 

certain requirements are satisfied and an 

election is made. This notice allows a 

foreign insurance company to elect to 

calculate its insurance reserves in a 

manner similar to a domestic insurance 

company. Also, this notice provides 

guidance on how to determine a foreign 

insurance company’s foreign loss 

payment patterns. 

Current Actions: There are no changes 

being made to the notice at this time. 

Type of Review: Extension of 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

300. 

Estimated Time per Respondent: 1 

hour. 

Estimated Total Annual Burden 

Hours: 300. 

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: September 16, 2008. 

Glenn Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E8–22390 Filed 9–23–08; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Revenue Procedure 99–32 

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 

Revenue Procedure 99–32, Conforming 

Adjustments Subsequent to Section 482 

Allocations. 

DATES: Written comments should be 

received on or before November 24, 

2008 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 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: Conforming Adjustments 

Subsequent to Section 482 Allocations. 

OMB Number: 1545–1657. 

Revenue Procedure Number: Revenue 

Procedure 99–32. 

Abstract: Revenue Procedure 99–32 

provides guidance for conforming a 

taxpayer’s accounts to reflect a primary 

adjustment under Internal Revenue 

Code section 482. The revenue 

procedure prescribes the applicable 

procedures for the repatriation of cash 

by a United States taxpayer via an 

interest-bearing account receivable or 

payable in an amount corresponding to 

the amount allocated under Code 

section 482 from, or to, a related person 

with respect to a controlled transaction. 

Current Actions: There are no changes 

being made to the revenue procedure at 

this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

180 

Estimated Time per Respondent: 9 

hours. 

Estimated Total Annual Burden 

Hours: 1,620. 

The following paragraph applies to all 

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: September 12, 2008. 

Glenn Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E8–22392 Filed 9–23–08; 8:45 am] 

BILLING CODE 4830–01–P 


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