30680 Federal Register / Vol. 74, No. 122 / Friday, June 26, 2009 / Notices 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Forms 8288 and 8288–A 

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 

8288, U.S. Withholding Tax Return for 

Dispositions by Foreign Persons of U.S. 

Real Property Interests, and Form 8288– 

A, Statement of Withholding on 

Dispositions by Foreign Persons of U.S. 

Real Property Interests. 

DATES: Written comments should be 

received on or before August 25, 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 Dawn Bidne, at 

(202) 622–3933, or at Internal Revenue 

Service, room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224, 

or through the Internet, at 

Dawn.E.Bidne@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: U.S. Withholding Tax Return for 

Dispositions by Foreign Persons of U.S. 

Real Property Interests (Form 8288) and 

Statement of Withholding on 

Dispositions by Foreign Persons of U.S. 

Real Property Interests (Form 8288–A). 

OMB Number: 1545–0902. 

Form Number: 8288 and 8288–A. 

Abstract: Internal Revenue Code 

section 1445 requires transferees to 

withhold tax on the amount realized 

from sales or other dispositions by 

foreign persons of U.S. real property 

interests. Form 8288 is used to report 

and transmit the amount withheld to the 

IRS. Form 8288–A is used by the IRS to 

validate the withholding, and a copy is 

returned to the transferor for his or her 

use in filing a tax return. 

Current Actions: A new code 

reference was added into the 

instructions, resulting in an increase of 

requested burden hours by 2,000. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations and individuals or 

households. 

Estimated Number of Respondents: 

10,000. 

Estimated Time per Respondent: 24 

hr., 10 min. 

Estimated Total Annual Burden 

Hours: 243,675. 

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: June 11, 2009. 

R. Joseph Durbala, 

IRS Reports Clearance Officer. 

[FR Doc. E9–15031 Filed 6–25–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[INTL–64–93] 

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–64–93 

(TD 8611). Conduit Arrangements 

Regulations (§§ 1.881–4 and 1.6038A– 

3). 

DATES: Written comments should be 

received on or before August 25, 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 Dawn Bidne at Internal 

Revenue Service, room 6129, 1111 

Constitution Avenue NW., Washington, 

DC 20224, or at (202) 622–3933, or 

through the Internet at 

Dawn.E.Bidne@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Conduit Arrangements 

Regulations. 

OMB Number: 1545–1440. 

Regulation Project Number: INTL–64– 

93. 

Abstract: This regulation provides 

rules that permit the district director to 

recharacterize a financing arrangement 

as a conduit arrangement. The 

recharacterization will affect the amount 

of U.S. withholding tax due on 

financing transactions that are part of 

the financing arrangement. This 

regulation affects withholding agents 

and foreign investors who engage in 

multi-party financing arrangements. 

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.