54626 Federal Register / Vol. 74, No. 203 / Thursday, October 22, 2009 / Notices 

Pakistan border area (individual) 

[SDGT]. 

Dated: October 15, 2009. 

Adam J. Szubin, 

Director, Office of Foreign Assets Control. 

[FR Doc. E9–25415 Filed 10–21–09; 8:45 am] 

BILLING CODE 4811–45–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[FI–59–91] 

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, FI–59–91 (TD 

8674), Debt Instructions With Original 

Issue Discount; Contingent Payment; 

Anti-Abuse Rule (§§ 1.1275–2, 1.1275– 

3, 1.1275–4, and 1.275–6). 

DATES: Written comments should be 

received on or before December 21, 2009 

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 the regulation should be 

directed to Allan Hopkins, at (202) 622– 

6665, or 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: Debt Instruments With Original 

Issue Discount; Contingent Payments; 

Anti-Abuse Rule. 

OMB Number: 1545–1450. 

Regulation Project Number: FI–59–91. 

Abstract: This regulation relates to the 

tax treatment of debt instruments that 

provide for one or more contingent 

payments. The regulation also treats a 

debt instrument and a related hedge as 

an integrated transaction. The regulation 

provides general rules, definitions, and 

reporting and recordkeeping 

requirements for contingent payment 

debt instruments and for integrated debt 

instruments. 

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, individuals, and 

state, local, or tribal governments. 

Estimated Number of Respondents: 

180,000. 

Estimated Time per Respondent: 30 

minutes. 

Estimated Total Annual Burden 

Hours: 89,000. 

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: October 9, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–25381 Filed 10–21–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–246249–96] 

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–246249– 

96 (TD 9010), Information Reporting 

Requirements for Certain Payments 

Made on Behalf of Another Person, 

Payments to Joint Payees, and Payments 

of Gross Proceeds From Sales Involving 

Investment Advisers (§§ 1.6041–1 and 

1.6045–1). 

DATES: Written comments should be 

received on or before December 21, 2009 

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 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: Information Reporting 

Requirements for Certain Payments 

Made on Behalf of Another Person, 

Payments to Joint Payees, and Payments 

of Gross Proceeds From Sales Involving 

Investment Advisers. 

OMB Number: 1545–1705. 

Regulation Project Number: REG– 

246249–96. 

Abstract: This regulation under 

section 6041 clarifies who is the payee 

for information reporting purposes if a 

check or other instrument is made 

payable to joint payees, provides 

information reporting requirements for 

escrow agents and other persons making 

payments on behalf of another person, 

and clarifies that the amount to be 


dcolon on DSK2BSOYB1PROD with NOTICES