Agency Information Collection Activities; Proposals, Submissions, and Approvals

Federal Register: April 21, 2009 (Volume 74, Number 75)

Notices

Page 18281

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

DOCID:fr21ap09-113

DEPARTMENT OF THE TREASURY

Submission for OMB Review; Comment Request

April 15, 2009.

The Department of Treasury will submit the following public information collection requirement(s) to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104-13 on or after the date of publication of this notice. Copies of the submission(s) may be obtained by calling the Treasury Bureau Clearance

Officer listed. Comments regarding this information collection should be addressed to the OMB reviewer listed and to the Treasury Department

Clearance Officer, Department of the Treasury, Room 11000, and 1750

Pennsylvania Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before May 21, 2009 to be assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545-1428.

Type of Review: Extension.

Form: 8023.

Title: Elections Under Section 338 for Corporations Making

Qualified Stock Purchases.

Description: Form 8023 is used by corporations that acquire the stock of another corporation to elect to treat the purchase of stock as a purchase of the other corporation's assets. The IRS uses Form 8023 to determine if the purchasing corporation reports the sale of its assets on its income tax return and to determine if the purchasing corporation has properly made the election.

Respondents: Businesses or other for-profits.

Estimated Total Burden Hours: 2,559 hours.

OMB Number: 1545-1191.

Type of Review: Extension.

Title: INTL-868-89 (Final) Information with Respect to Certain

Foreign-Owned Corporations.

Description: The regulations require 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 returns of U.S. corporations engaged in crossborder transactions with a related party.

Respondents: Businesses or other for-profits.

Estimated Total Burden Hours: 630,000 hours.

Clearance Officer: R. Joseph Durbala, (202) 622-3634, Internal

Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington,

DC 20224.

OMB Reviewer: Shagufta Ahmed, (202) 395-7873, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503.

Celina Elphage,

Treasury PRA Clearance Officer.

FR Doc. E9-9061 Filed 4-20-09; 8:45 am

BILLING CODE 4830-01-P

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