Federal Register / Vol. 75, No. 179 / Thursday, September 16, 2010 / Notices 56659 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[TD 9057, TD 9154, TD 9187] 

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–135898– 

04 (TD 9154), Extension of Time to Elect 

Method for Determining Allowable 

Loss; REG–152524–02 (TD 9057), 

Guidance Under Section 1502, 

Amendment of Waiver of Loss 

Carryovers from Separate Return 

Limitation Years; REG–123305–02, 

REG–102740–02 (TD 9187), Loss 

Limitation Rules. 

DATES: Written comments should be 

received on or before November 15, 

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 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: REG–135898–04 (TD 9154), 

Extension of Time to Elect Method for 

Determining Allowable Loss; REG– 

152524–02 (TD 9057), Guidance Under 

Section 1502, Amendment of Waiver of 

Loss Carryovers from Separate Return 

Limitation Years; REG–123305–02, 

REG–102740–02 (TD 9187), Loss 

Limitation Rules. 

OMB Number: 1545–1774. 

Regulation Project Number: TD 9057, 

TD 9154, and TD 9187. 

Abstract: The information is 

necessary to allow the taxpayer to make 

certain elections to determine the 

amount of allowable loss under 

§ 1.337(d)–2T, § 1.1502–20 as currently 

in effect or under § 1.1502–20 as 

modified; to allow the taxpayer to waive 

loss carryovers up to the amount of the 

§ 1.1502–20(g) election; and to ensure 

that loss is not disallowed under 

§ 1.337(d)–2T and basis is not reduced 

under § 1.337(d)–2T to the extent the 

taxpayer establishes that the loss or 

basis is not attributable to the 

recognition of built in gain on the 

disposition of an asset. With respect to 

§ 1.1502–20T, the information also is 

necessary to allow the common parent 

of the selling group to reapportion a 

separate, subgroup or consolidated 

section 382 limitation when the 

acquiring group amends its § 1.1502– 

32(b)(4) election. Furthermore, 

regarding § 1.1502–32(b)(4), the 

information also is necessary to allow 

the taxpayer that acquired a subsidiary 

of a consolidated group to amend its 

election under § 1.1502–32(b)(4), so that 

the acquiring group can use the 

acquired subsidiary’s losses to offset its 

income. The information also is 

necessary to allow the taxpayer to make 

certain elections to determine the 

amount of allowable loss pursuant to a 

new due date, and to amend or revoke 

certain prior elections to determine the 

amount of allowable loss. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of OMB 

approval. 

Affected Public: Business or other forprofit. 

Estimated Number of Respondents: 

18,360. 

Estimated Time per Respondent: 2 

hours. 

Estimated Total Annual Hours: 

36,720. 

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 7, 2010. 

R. Joseph Durbala, 

IRS Tax Analyst. 

[FR Doc. 2010–23038 Filed 9–15–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[PS–268–82] 

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–268–82 (TD 

8696), Definitions Under Subchapter S 

of the Internal Revenue Code (Section 

1.1377–1). 

DATES: Written comments should be 

received on or before November 15, 

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 R. Joseph Durbala (202) 622– 

3634, Internal Revenue Service, Room 

6129, 1111 Constitution Avenue, NW., 

Washington, DC 20224 or at 

RJoseph.Durbala@irs.gov. 

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56660 Federal Register / Vol. 75, No. 179 / Thursday, September 16, 2010 / Notices 

SUPPLEMENTARY INFORMATION: Title: 

Definitions Under Subchapter S of the 

Internal Revenue Code. 

OMB Number: 1545–1462. 

Regulation Project Number: PS–268– 

82. 

Abstract: Section 1.1377–1(b)(4) of the 

regulation provides that an S 

corporation making a terminating 

election under Internal Revenue Code 

section 1377(a)(2) must attach a 

statement to its timely filed original or 

amended return required to be filed 

under Code section 6037(a). The 

statement must provide information 

concerning the events that gave rise to 

the election and declarations of consent 

from the S corporation shareholders. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of OMB 

approval. 

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

Estimated Number of Respondents: 

4,000. 

Estimated Time per Respondent: 15 

hours. 

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: September 7, 2010. 

R. Joseph Durbala, 

IRS Tax Analyst. 

[FR Doc. 2010–23036 Filed 9–15–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Removal of an Alias of an Existing 

Specially Designated National Listing 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The Treasury Department’s 

Office of Foreign Assets Control 

(‘‘OFAC’’) is amending an existing 

Specially Designated National’s listing 

to remove an alias. 

DATES: The alias removal is effective 

September 10, 2010. 

FOR FURTHER INFORMATION CONTACT: 

Assistant Director, Compliance 

Outreach & Implementation, Office of 

Foreign Assets Control, Department of 

the Treasury, 1500 Pennsylvania 

Avenue, NW. (Treasury Annex), 

Washington, DC 20220, Tel.: 202/622– 

2490. 

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability 

Additional information concerning 

OFAC is available from OFAC’s Web 

site (http://www.treas.gov/ofac) or via 

facsimile through a 24-hour fax-ondemand service, Tel.: 202/622–0077. 

Background to Removal of Alias 

The Office of Foreign Assets Control 

is removing an alias from Steven Law’s 

listing on the Department of the 

Treasury’s List of Specially Designated 

Nationals and Blocked Persons. The 

entry has been amended as: 

LAW, Steven (a.k.a. CHUNG, Lo Ping; 

a.k.a. LAW, Stephen; a.k.a. LO, Ping 

Han; a.k.a. LO, Ping Hau; a.k.a. LO, 

Ping Zhong; a.k.a. LO, Steven; a.k.a. 

NAING, Htun Myint; a.k.a. NAING, 

Tun Myint; a.k.a. NAING, U Myint), 

330 Strand Rd., Latha Township, 

Rangoon, Burma; 61–62 Bahosi 

Development Housing, Wadan St., 

Lanmadaw Township, Rangoon, 

Burma; No. 124 Insein Road, Ward 

(9), Hlaing Township, Rangoon, 

Burma; 3 Shenton Way, #10–01 

Shenton House, Singapore 068805, 

Singapore; 8A Jalan Teliti, Singapore, 

Singapore; DOB 16 May 1958; alt. 

DOB 27 Aug 1960; POB Lashio, 

Burma; citizen Burma; Passport 

937174 (Burma) (individual) 

[BURMA] 

Dated: September 10, 2010. 

Barbara Hammerle, 

Acting Director, Office of Foreign Assets 

Control. 

[FR Doc. 2010–23157 Filed 9–15–10; 8:45 am] 

BILLING CODE 4811–42–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

[OMB Control No. 2900–0099] 

Agency Information Collection 

(Dependent’s Request for Change of 

Program or Place of Training) Activity 

Under OMB Review 

AGENCY: Veterans Benefits 

Administration, Department of Veterans 

Affairs 

ACTION: Notice. 

SUMMARY: In compliance with the 

Paperwork Reduction Act (PRA) of 1995 

(44 U.S.C. 3501–3521), this notice 

announces that the Veterans Benefits 

Administration (VBA), Department of 

Veterans Affairs, will submit the 

collection of information abstracted 

below to the Office of Management and 

Budget (OMB) for review and comment. 

The PRA submission describes the 

nature of the information collection and 

its expected cost and burden; it includes 

the actual data collection instrument. 

DATES: Comments must be submitted on 

or before October 18, 2010. 

ADDRESSES: Submit written comments 

on the collection of information through 

http://www.Regulations.gov; or to VA’s 

OMB Desk Officer, OMB Human 

Resources and Housing Branch, New 

Executive Office Building, Room 10235, 

Washington, DC 20503, (202) 395–7316. 

Please refer to ‘‘OMB Control No. 2900– 

0099’’ in any correspondence. 

FOR FURTHER INFORMATION CONTACT: 

Denise McLamb, Enterprise Records 

Service (005R1B), Department of 

Veterans Affairs, 810 Vermont Avenue, 

NW., Washington, DC 20420, (202) 461– 

7485, FAX (202) 273–0443 or e-mail 

denise.mclamb@va.gov. Please refer to 

‘‘OMB Control No. 2900–0099.’’ 

SUPPLEMENTARY INFORMATION: 

Title: Dependent’s Request for Change 

of Program or Place of Training, (Under 

Provisions of Chapter 35, Title 38, 

U.S.C.), VA Form 22–5495. 

OMB Control Number: 2900–0099. 

Type of Review: Extension of a 

currently approved collection. 

Abstract: Spouses, surviving spouses, 

or children of veterans who are eligible 

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