Agency Information Collection Activities; Proposals, Submissions, and Approvals

Federal Register: April 14, 2009 (Volume 74, Number 70)

Notices

Page 17281

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DOCID:fr14ap09-130

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment Request for Revenue Procedure 2009- 16

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

Revenue Procedure 2008-16, Section 168(k)(4) Election Procedures.

DATES: Written comments should be received on or before June 15, 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 copies of the revenue procedure 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: Section 168(k)(4) Election Procedures.

OMB Number: 1545-2133.

Revenue Procedure Number: Revenue Procedure 2009-16.

Abstract: This revenue procedure provides the time and manner for

(1) corporations to make the election to apply section 168(k)(4) of the

Code, (2) corporations to make the allocation of the bonus depreciation amount resulting from the section 168(k)(4) election, (3) corporate partners who make the section 168(k)(4) election to notify partnerships, and (3) U.S. automobile manufacturing partnerships (such as, Chrysler) to make the election to apply section 3081(b) of the Act.

Current Actions: Extension of a previously approved collection.

Affected Public: Businesses and for-profit institutions.

Estimated Number of Respondents: 5,400.

Estimated Time Per Respondent: 30 minutes.

Estimated Total Annual Burden Hours: 2,700.

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: March 30, 2009.

R. Joseph Durbala,

IRS Reports Clearance Officer.

FR Doc. E9-8430 Filed 4-13-09; 8:45 am

BILLING CODE 4830-01-P