32032 Federal Register / Vol. 74, No. 127 / Monday, July 6, 2009 / Notices 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 4626 

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 

4626, Asset Acquisition Statement. 

DATES: Written comments should be 

received on or before September 4, 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 Evelyn J. Mack, at 

(202) 622–7381, or at Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224, 

or through the Internet, at 

Evelyn.J.Mack@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Alternative Minimum Tax— 

Corporations. 

OMB Number: 1545–0175. 

Form Number: 4626. 

Abstract: Section 55 of the Internal 

Revenue Code imposes an alternative 

minimum tax. The tax is 20% of the 

amount by which a corporation’s 

taxable income adjusted by the items 

listed in sections 56 and 58, and by the 

tax preference items listed in section 57, 

exceed an exemption amount. This 

result is reduced by the alternative 

minimum tax foreign tax credit. If this 

result is more than the corporation’s 

regular tax liability before all credits 

(except the foreign tax and possessions 

tax credits), the difference is added to 

the tax liability. Form 4626 provides a 

line-by-line computation of the 

alternative minimum tax. 

Current Actions: There are no changes 

being made to Form 8594 at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations and individuals. 

Estimated Number of Respondents: 

60,000. 

Estimated Time per Respondent: 43 

hrs., 52 minutes. 

Estimated Total Annual Burden 

Hours: 2,611,200. 

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 24, 2009. 

Allan Hopkins, 

IRS Reports Clearance Officer. 

[FR Doc. E9–15718 Filed 7–2–09; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8594 

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 

8594, Asset Acquisition Statement. 

DATES: Written comments should be 

received on or before September 4, 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 Evelyn J. Mack, at 

(202) 622–7381, or at Internal Revenue 

Service, Room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224, 

or through the Internet, at 

Evelyn.J.Mack@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Asset Acquisition Statement. 

OMB Number: 1545–1021. 

Form Number: 8594. 

Abstract: Internal Revenue Code 

section 1060 requires reporting to the 

IRS by the buyer and seller of the total 

consideration paid for assets in an 

applicable asset acquisition. The 

information required to be reported 

includes the amount allocated to 

goodwill or going concern value. Form 

8594 is used to report this information. 

Current Actions: There are no changes 

being made to Form 8594 at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations and individuals. 

Estimated Number of Respondents: 

13,200. 

Estimated Time per Respondent: 16 

hrs., 28 minutes. 

Estimated Total Annual Burden 

Hours: 217,272. 

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 

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