Federal Register / Vol. 75, No. 23 / Thursday, February 4, 2010 / Notices 5859 

Service, room 6129, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of notice should be directed to 

Allan Hopkins, (202) 622–6665, 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: Temporary Regulations To Be 

Issued Under Section 1(h) of the 

Internal Revenue Code (Applying 

Section 1(h) to Capital Gain Dividends 

of RICs and REITs). 

OMB Number: 1545–1565. 

Notice Number: Notice 97–64. 

Abstract: Notice 97–64 describes 

temporary regulations that will permit 

Regulated Investment Companies (RICs) 

and Real Estate Investment Trusts 

(REITs) to distribute multiple classes of 

capital gain dividends. 

Current Actions: There are no changes 

being made to the notice at this time. 

This submission is being made for 

renewal purposes only. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, and individuals. 

The burden for the collection of 

information in sections 9 and 10 of 

Notice 97–64 is reflected in the burden 

for Form 1099–DIV and Form 2439. 

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: January 4, 2010. 

R. Joseph Durbala, 

Supervisory Tax Analyst. 

[FR Doc. 2010–2372 Filed 2–3–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–251698–96] 

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–251698– 

96 (TD 8869), Subchapter S Subsidiaries 

(§§ 1.1361–3, 1.1361–5, and 1.1362–8). 

DATES: Written comments should be 

received on or before April 5, 2010 to 

be assured of consideration. 

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 this regulation should be 

directed to Allan Hopkins, at (202) 622– 

6665, or at the 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: Subchapter S Subsidiaries. 

OMB Number: 1545–1590. 

Regulation Project Number: REG– 

251698–96. 

Abstract: This regulation relates to the 

treatment of corporate subsidiaries of S 

corporations and interprets the rules 

added to the Internal Revenue Code by 

section 1308 of the Small Business Job 

Protection Act of 1996. The collection of 

information required in the regulation is 

necessary for a taxpayer to obtain, 

retain, or terminate S corporation 

treatment. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit organizations, individuals, 

and farms. 

Estimated Number of Respondents: 

10,660. 

Estimated Time per Respondent: 57 

minutes. 

Estimated Total Annual Reporting 

Burden Hours: 10,110. 

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: January 4, 2010. 

R. Joseph Durbala, 

Supervisory Tax Analyst. 

[FR Doc. 2010–2371 Filed 2–3–10; 8:45 am] 

BILLING CODE 4830–01–P 


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