4302 Federal Register / Vol. 74, No. 14 / Friday, January 23, 2009 / Notices 

Deduction for Certain Cash Dividends 

from Controlled Foreign Corporations. 

DATES: Written comments should be 

received on or before March 24, 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 form and instructions 

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: One-Time Dividends Received 

Deduction for Certain Cash Dividends 

from Controlled Foreign Corporations. 

OMB Number: 1545–1948. 

Form Number: 8895. 

Abstract: Form 8895 is used by a U.S. 

corporation to elect the 85% dividends 

received deduction provided under 

section 965 and to compute the DRD. 

Current Actions: There is no change 

in the paperwork burden previously 

approved by OMB. This form is being 

submitted for renewal purposes only. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses and other 

for-profit organizations. 

Estimated Number of Respondents: 

2,000. 

Estimated Time per Respondent: 25 

hours, 1 minute. 

Estimated Total Annual Burden 

Hours: 50,020. 

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 13, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–1281 Filed 1–22–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[INTL–868–89] 

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, INTL–868–89 

(TD 8353), Information With Respect to 

Certain Foreign-Owned Corporations 

(§§ 1.6038A–2 and 1.6038A–3). 

DATES: Written comments should be 

received on or before March 24, 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 With Respect to 

Certain Foreign-Owned Corporations. 

OMB Number: 1545–1191. 

Regulation Project Number: INTL– 

868–89 (Final). 

Abstract: This regulation requires 

record maintenance, annual information 

filing, and the authorization of the U.S. 

corporation to act as an agent for IRS 

summons purposes. These requirements 

allow IRS international examiners to 

better audit the tax returns of 

corporations engaged in crossborder 

transactions with a related party. 

Current Actions: There is no change to 

these existing regulations. 

Type of Review: Extension of 

currently approved collection. 

Affected Public: Individuals and 

business or other for-profit 

organizations. 

Estimated Number of Respondents: 

63,000. 

Estimated Time per Respondent: 10 

hours. 

Estimated Total Annual Burden 

Hours: 630,000. 

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. 

mstockstill on PROD1PC66 with NOTICES

Federal Register / Vol. 74, No. 14 / Friday, January 23, 2009 / Notices 4303 

Approved: January 13, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–1317 Filed 1–22–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8023 

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 

8023, Elections Under Section 338 for 

Corporations Making Qualified Stock 

Purchases. 

DATES: Written comments should be 

received on or before March 24, 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 form and instructions 

should be directed to Allan Hopkins, at 

(202) 622–6665, or at Internal Revenue 

Service, Room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224, 

or through the Internet, at 

Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Elections Under Section 338 for 

Corporations Making Qualified Stock 

Purchases. 

OMB Number: 1545–1428. 

Form Number: 8023. 

Abstract: Form 8023 is used by a 

corporation that acquires the stock of 

another corporation to elect to treat the 

purchase of stock as a purchase of the 

other corporation’s assets. This election 

allows the acquiring corporation to 

depreciate these assets and claim a 

deduction on its income tax return. IRS 

uses Form 8023 to determine if the 

election is properly made and as a check 

against the acquiring corporation’s 

deduction for depreciation. The form is 

also used to determine if the selling 

corporation reports the amount of sale 

in its income. 

Current Actions: There are no changes 

being made to Form 8023 at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses or other 

for-profit organizations. 

Estimated Number of Respondents: 

201. 

Estimated Time per Respondent: 12 

hr., 44 min. 

Estimated Total Annual Burden 

Hours: 5,559. 

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 13, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–1318 Filed 1–22–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Notice 2008–79 

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 Notice 

2008–XX, Tax Exempt Housing Bonds 

and 2008 Housing Legislation. 

DATES: Written comments should be 

received on or before March 24, 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 notice 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: Tax Exempt Housing Bonds and 

2008 Housing Legislation. 

OMB Number: 1545–2119. 

Notice Number: Notice 2008–79. 

Abstract: This information is being 

requested from issuers of tax-exempt 

bonds who issue bonds subject to the 

new volume cap or utilize proceeds of 

mortgage revenue bonds to refinance 

certain qualified subprime mortgage 

loans, as provided in the Housing 

Assistance Tax Act of 2008, enacted July 

30, 2008 (‘‘2008 Housing Act’’). We are 

asking issuers to report bonds issued 

pursuant to the new volume cap on 

existing form 8038 that is already 

required to be filed in connection with 

bond issues, and issuers of mortgage 

revenue bonds to attach a schedule to 

the 8038 providing a reasonable 

estimate of the total expected principal 

amount that will be utilized to refinance 

qualified subprime mortgage loans. We 

are asking issuers to file a second copy 

of an existing IRS Form 8328 in order 

to make the election to carry forward 

additional volume cap provided under 

mstockstill on PROD1PC66 with NOTICES