24900 Federal Register / Vol. 74, No. 99 / Tuesday, May 26, 2009 / Notices 

Network, P.O. Box 39, Vienna, VA 

22183. 

OMB Reviewer: Shagufta Ahmed (202) 

395–7873, Office of Management and 

Budget, Room 10235, New Executive 

Office Building, Washington, DC 20503. 

Celina Elphage, 

Treasury PRA Clearance Officer. 

[FR Doc. E9–12126 Filed 5–22–09; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Submission for OMB Review; 

Comment Request 

May 19, 2009. 

The Department of the Treasury will 

submit the following public information 

collection requirement(s) to OMB for 

review and clearance under the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 on or after the date 

of publication of this notice. Copies of 

the submission(s) may be obtained by 

calling the Treasury Bureau Clearance 

Officer listed. Comments regarding this 

information collection should be 

addressed to the OMB reviewer listed 

and to the Treasury Department 

Clearance Officer, Department of the 

Treasury, Room 11000, 1750 

Pennsylvania Avenue, NW., 

Washington, DC 20220. 

DATES: Written comments should be 

received on or before June 25, 2009 to 

be assured of consideration. 

Internal Revenue Service (IRS) 

OMB Number: 1545–1822. 

Type of Review: Extension. 

Title: Revenue Procedure 2003–11, 

Offshore Voluntary Compliance 

Initiative. 

Description: Revenue Procedure 

2003–11 describes the Offshore 

Voluntary Compliance Initiative, which 

is directed at taxpayers that have underreported their tax liability through 

financial arrangements outside the 

United States that rely on the use of 

credit, debit, or charge cards (offshore 

credit cards) or foreign banks, financial 

institutions, corporations, partnership, 

trusts, or other entities (offshore 

financial arrangements). Taxpayers that 

participate in the initiative and provide 

the information and material that their 

participation requires can avoid certain 

penalties. 

Respondents: Individuals or 

Households. 

Estimated Total Burden Hours: 

100,000 hours. 

OMB Number: 1545–1516. 

Type of Review: Extension. 

Form: 8832. 

Title: Entity Classification Election. 

Description: An eligible entity that 

chooses not to be classified under the 

default rules or that wishes to change its 

current classification must file Form 

8832 to elect a classification. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 23,200 

hours. 

OMB Number: 1545–1434. 

Type of Review: Extension. 

Title: CO–26–96 (Final) Regulations 

Under Section 382 of the Internal 

Revenue Code of 1986; Application of 

Section 382 in Short Taxable Years and 

With Respect to Controlled Groups. 

Description: Section 382 limits the 

amount of income that can be offset by 

loss carryovers after an ownership 

change. These regulations provide rules 

for applying section 382 in the case of 

short taxable years and with respect to 

controlled groups. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 875 

hours. 

OMB Number: 1545–1380. 

Type of Review: Extension. 

Title: IA–17–90 (Final) Reporting 

Requirements for Recipients of Points 

paid on residential mortgages. 

Description: To encourage compliance 

with the tax laws relating to the 

mortgage interest deduction, the 

regulations require the reporting on 

Form 1098 of points paid on residential 

mortgage. Only businesses that receive 

mortgage interest in the course of a trade 

or business are affected by this reporting 

requirement. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 

283,056 hours. 

OMB Number: 1545–1241. 

Type of Review: Extension. 

Title: PS–92–90 (Final) Special 

Valuation Rules. 

Description: Section 2701 of the 

Internal Revenue Code allows various 

elections by family members who make 

gifts of common stock or partnership 

interests and retain senior interest. The 

elections affect the value of the gifted 

interests and the retained interests. 

Respondents: Individuals or 

Households. 

Estimated Total Burden Hours: 496 

hours. 

OMB Number: 1545–1225. 

Type of Review: Extension. 

Form: 5310–A. 

Title: Notice of Plan Merger or 

Consolidation, Spinoff, or Transfer of 

Plan Assets or Liabilities; Notice of 

Qualified Separate Lines of Business. 

Description: Plan administrators are 

required to notify IRS of any plan 

mergers, consolidations, spinoffs, or 

transfers of plan assets or liabilities to 

another plan. Employers are required to 

notify IRS of separate lines of business 

for their deferred compensation plans. 

Form 5310–A is used to make these 

notifications. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 

158,800 hours. 

OMB Number: 1545–1540. 

Type of Review: Extension. 

Title: REG–125071–06 (Final) 

Reporting Requirements for Widely 

Held Fixed Investment Trusts (TD 9308) 

(previously TD 9279). 

Description: The regulations clarify 

the reporting requirements of trustees 

and middlemen involved with widely 

held fixed investment trusts. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 2,400 

hours. 

OMB Number: 1545–1673. 

Type of Review: Extension. 

Title: Revenue Procedure 2008–50 

Employee Plans Compliance Resolution 

System (previously RP 2006–27). 

Description: The information 

requested in Revenue Procedure 2008– 

50 is required to enable the Internal 

Revenue Service to make 

determinations on the issuance of 

various types of closing agreements and 

compliance statements. The issuance of 

the agreements and statements allows 

individual plans to maintain their taxqualified status. As a result, the 

favorable tax treatment of the benefits of 

the eligible employees is retained. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 76,222 

hours. 

OMB Number: 1545–1979. 

Type of Review: Extension. 

Form: 8908. 

Title: Energy Efficient New Home 

Credit. 

Description: Contractors will use 

Form 8908 to claim the new energy 

efficient home credit for homes 

substantially completed after August 8, 

2005 and sold for use as personal 

residences after January 1, 2006. 

Respondents: Businesses or other forprofits. 

Estimated Total Burden Hours: 

512,820 hours. 

OMB Number: 1545–1952. 

Type of Review: Extension. 

Title: Automatic Consent for Eligible 

Educational Institution to Change 

Reporting Methods. 

Description: This revenue procedure 

prescribes how an eligible educational 

institution may obtain automatic 

Federal Register / Vol. 74, No. 99 / Tuesday, May 26, 2009 / Notices 24901 

consent from the Service to change its 

method of reporting under section 

6050S of the Code and the Income Tax 

Regulations. 

Respondents: Not-for-profit 

institutions. 

Estimated Total Burden Hours: 300 

hours. 

Clearance Officer: R. Joseph Durbala; 

(202) 622–3634, Internal Revenue 

Service, Room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

OMB Reviewer: Shagufta Ahmed; 

(202) 395–7873, Office of Management 

and Budget, Room 10235, New 

Executive Office Building, Washington, 

DC 20503. 

Celina Elphage, 

Treasury PRA Clearance Officer. 

[FR Doc. E9–12130 Filed 5–22–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Low Income Taxpayer Clinic Grant 

Program; Availability of 2010 Grant 

Application Package 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice. 

SUMMARY: This document contains a 

Notice that the IRS has made available 

the grant application package and 

guidelines (Publication 3319) for 

organizations interested in applying for 

a Low Income Taxpayer Clinic (LITC) 

matching grant for the 2010 grant cycle 

(the 2010 grant cycle runs January 1, 

2010, through December 31, 2010). The 

application period shall run from May 

20, 2009, through July 7, 2009. 

The IRS will award a total of up to 

$6,000,000 (unless otherwise provided 

by specific Congressional appropriation) 

to qualifying organizations, subject to 

the limitations of Internal Revenue Code 

section 7526, for matching grants. A 

qualifying organization may receive a 

matching grant of up to $100,000 per 

year. Qualifying organizations that 

provide representation for free or for a 

nominal fee to low income taxpayers 

involved in tax controversies with the 

IRS or that provide education on 

taxpayer rights and responsibilities to 

taxpayers for whom English is a second 

language can apply for a grant for the 

2010 grant cycle. 

Examples of qualifying organizations 

include: (1) Clinical programs at 

accredited law, business or accounting 

schools, whose students represent low 

income taxpayers in tax controversies 

with the IRS, and (2) organizations 

exempt from tax under I.R.C. § 501(a) 

which represent low income taxpayers 

in tax controversies with the IRS or refer 

those taxpayers to qualified 

representatives. 

DATES: Grant applications for the 2010 

grant cycle must be electronically filed, 

postmarked, sent by private delivery 

service, or hand-delivered to the LITC 

Program Office in Washington, DC by 

July 7, 2009. 

ADDRESSES: Send completed grant 

applications to: Internal Revenue 

Service, Taxpayer Advocate Service, 

LITC Grant Program Administration 

Office, TA:LITC, 1111 Constitution 

Avenue, NW., Room 1034, Washington, 

DC 20224. Copies of the 2009 Grant 

Application Package and Guidelines, 

IRS Publication 3319 (Rev. 5–2009), can 

be downloaded from the IRS Internet 

site at http://www.irs.gov/advocate or 

ordered from the IRS Distribution 

Center by calling 1–800–829–3676. 

Applicants can also file electronically at 

http://www.grants.gov. For applicants 

applying through the Federal Grants 

Web site, the Funding Number is 

TREAS–GRANTS–052010–001. 

FOR FURTHER INFORMATION CONTACT: The 

LITC Program Office at (202) 622–4711 

(not a toll-free number) or by e-mail at 

LITCProgramOffice@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Background 

Section 7526 of the Internal Revenue 

Code authorizes the IRS, subject to the 

availability of appropriated funds, to 

award organizations matching grants of 

up to $100,000 per year for the 

development, expansion, or 

continuation of qualified low income 

taxpayer clinics. Section 7526 

authorizes the IRS to provide grants to 

qualified organizations that represent 

low income taxpayers in controversies 

with the IRS or inform individuals for 

whom English is a second language of 

their taxpayer rights and 

responsibilities. The IRS may award 

grants to qualifying organizations to 

fund one-year, two-year or three-year 

project periods. Grant funds may be 

awarded for start-up expenditures 

incurred by new clinics during the grant 

cycle. 

The 2010 Grant Application Package 

and Guidelines, Publication 3319 (Rev. 

5–2009), outlines requirements for the 

operation of a qualifying LITC program 

and provides instructions on how to 

apply for a grant. 

The costs of preparing and submitting 

an application are the responsibility of 

each applicant. Each application will be 

given due consideration and the LITC 

Program Office will notify each 

applicant, no later than November 27, 

2009. 

Selection Consideration 

Applications that pass the eligibility 

screening process will be numerically 

ranked based on the information 

contained in their proposed program 

plan. Please note that the IRS Volunteer 

Income Tax Assistance (VITA) and Tax 

Counseling for the Elderly (TCE) 

Programs are independently funded and 

separate from the LITC Program. 

Organizations currently participating in 

the VITA or TCE Programs may be 

eligible to apply for a LITC grant if they 

meet the criteria and qualifications 

outlined in the 2010 Grant Application 

Package and Guidelines, Publication 

3319 (Rev. 5–2009). Organizations that 

seek to operate VITA and LITC 

Programs, or TCE and LITC Programs, 

must maintain separate and distinct 

programs even if co-located to ensure 

proper cost allocation for LITC grant 

funds and adherence to the rules and 

regulations of the VITA, TCE and LITC 

Programs, as appropriate. 

Comments 

Interested parties are encouraged to 

provide comments on the IRS’s 

administration of the grant program on 

an ongoing basis. Comments may be 

sent to Internal Revenue Service, 

Taxpayer Advocate Service, Attn: 

Deborah L. Jones, LITC Program Office, 

TA:LITC, 1111 Constitution Avenue, 

NW., Room 1034, Washington, DC 

20224. 

Nina E. Olson, 

National Taxpayer Advocate, Internal 

Revenue Service. 

[FR Doc. E9–12165 Filed 5–22–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Office of Thrift Supervision 

[Docket ID: OTS–2009–0009] 

Open Meeting of the OTS Mutual 

Savings Association Advisory 

Committee 

AGENCY: Department of the Treasury, 

Office of Thrift Supervision. 

ACTION: Notice of meeting. 

SUMMARY: The OTS Mutual Savings 

Associations Advisory Committee 

(MSAAC) will convene its first meeting 

on Tuesday, June 9, 2009, in Conference 

Room 6A of the Office of Thrift 

Supervision, 1700 G Street, NW., 

Washington, DC, beginning at 8:30 a.m. 

Eastern Time. The meeting will be open 

to the public.