Federal Register / Vol. 75, No. 191 / Monday, October 4, 2010 / Notices 61241 

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 15, 2010. 

Gerald Shields, 

IRS Supervisory Tax Analyst. 

[FR Doc. 2010–24761 Filed 10–1–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–157711–02] 

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, 

REG–157711–02 (TD 9424—final), 

Unified Rule for Loss on Subsidiary 

Stock. 

DATES: Written comments should be 

received on or before December 3, 2010 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Gerald J. 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 regulation should be 

directed to R. Joseph Durbala, at (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: Unified Rule for Loss on 

Subsidiary Stock. 

OMB Number: 1545–2096. 

Regulation Project Number: REG– 

157711–02 (TD 9424—final). 

Abstract: This document contains 

final regulations under sections 358, 

362(e)(2), and 1502 of the Internal 

Revenue Code (Code). The regulations 

apply to corporations filing 

consolidated returns, and corporations 

that enter into certain tax-free 

reorganizations. The regulations provide 

rules for determining the tax 

consequences of a member’s transfer 

(including by deconsolidation and 

worthlessness) of loss shares of 

subsidiary stock. In addition, the 

regulations provide that section 

362(e)(2) generally does not apply to 

transactions between members of a 

consolidated group. Finally, the 

regulations conform or clarify various 

provisions of the consolidated return 

regulations, including those relating to 

adjustments to subsidiary stock basis. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations. 

Estimated Number of Respondents: 

100. 

Estimated Time per Respondent: 15 

minutes. 

Estimated Total Annual Burden 

Hours: 25. 

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 28, 2010. 

R. Joseph Durbala, 

IRS Tax Analyst. 

[FR Doc. 2010–24756 Filed 10–1–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8838 

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 

8838, Consent To Extend the Time To 

Assess Tax Under Section 367—Gain 

Recognition Agreement. 

DATES: Written comments should be 

received on or before December 3, 2010 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Gerald J. Shields, Internal Revenue 

Service, room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for 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: Consent To Extend the Time To 

Assess Tax Under Section 367—Gain 

Recognition Agreement. 


jlentini on DSKJ8SOYB1PROD with NOTICES
61242 Federal Register / Vol. 75, No. 191 / Monday, October 4, 2010 / Notices 

OMB Number: 1545–1395. 

Form Number: 8838. 

Abstract: Form 8838 is used to extend 

the statute of limitations for U.S. 

persons who transfer stock or securities 

to a foreign corporation. The form is 

filed when the transferor makes a gain 

recognition agreement. This agreement 

allows the transferor to defer the 

payment of tax on the transfer. The IRS 

uses Form 8838 so that it may assess tax 

against the transferor after the 

expiration of the original statute of 

limitations. 

Current Actions: There are no changes 

being made to the Form 8838 at this 

time. 

Type of Review: Extension of a current 

approval. 

Affected Public: Business or other forprofit organizations and individuals. 

Estimated Number of Respondents: 

666. 

Estimated Time per Respondent: 8 

hrs., 14 min. 

Estimated Total Annual Burden 

Hours: 5,482. 

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 28, 2010. 

R. Joseph Durbala, 

IRS Tax Analyst. 

[FR Doc. 2010–24755 Filed 10–1–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[PS–106–91] (TD 8563) 

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, PS–106–91 (TD 

8563), State Housing Credit Ceiling and 

Other Rules Relating to the Low-Income 

Housing Credit (§ 1.42–14). 

DATES: Written comments should be 

received on or before December 3, 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 regulation should be 

directed to Joel Goldberger, at (202) 

927–9368, or at Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224, 

or through the Internet, at 

Joel.P.Goldberger@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: State Housing Credit Ceiling 

and Other Rules Relating to the LowIncome Housing Credit. 

OMB Number: 1545–1423. 

Regulation Project Number: PS–106– 

91 (TD 8563) 

Abstract: The regulation concerns the 

low-income housing credit under 

section 42 of the Internal Revenue Code. 

The regulation provides rules relating to 

the order in which housing credit dollar 

amounts are allocated from each State’s 

housing credit ceiling under section 

42(h)(3)(C) and the determination of 

which States qualify to receive credit 

from a national pool of credit under 

section 42(h)(3)(D). The regulation 

affects State and local housing credit 

agencies and taxpayers receiving credit 

allocations, and provides them with 

guidance for complying with section 42. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, not-for-profit 

institutions, individuals or households, 

and state, local or tribal governments. 

Estimated Number of Respondents: 

110. 

Estimated Time per Respondent: 2 

hours, 30 minutes. 

Estimated Total Annual Burden 

Hours: 275. 

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 15, 2010. 

Gerald Shields, 

IRS Supervisory Tax Analyst. 

[FR Doc. 2010–24762 Filed 10–1–10; 8:45 am] 

BILLING CODE 4830–01–P 


jlentini on DSKJ8SOYB1PROD with NOTICES