[Federal Register Volume 74, Number 94 (Monday, May 18, 2009)]
[Notices]
[Pages 23244-23245]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-11448]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[EE-63-88; IA-140-86; REG-209785-95]


Proposed Collection; Comment Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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 
existing regulations, EE-63-88 (Final and temporary regulations) 
Taxation of Fringe Benefits and Exclusions From Gross Income for 
Certain Fringe Benefits; IA-140-86 (Temporary) Fringe Benefits; Listed 
Property; and REG-209785-95 (Final) Substantiation of Business Expenses 
(1.61-2, 1.132-5, and 1.274-5).

DATES: Written comments should be received on or before July 17, 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 regulation should be directed to Carolyn N. Brown, (202) 622-
6688, Internal Revenue Service, room 6129, 1111 Constitution Avenue, 
NW., Washington, DC 20224, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: EE-63-88 (Final and temporary regulations) Taxation of 
Fringe Benefits and Exclusions From Gross Income for Certain Fringe 
Benefits; IA-140-86 (Temporary) Fringe Benefits; Listed Property; and 
REG-209785-95 (Final) Substantiation of Business Expenses.
    OMB Number: 1545-0771.
    Regulation Project Number: EE-63-88; IA-140-86; and REG-209785-95.
    Abstract: EE-63-88--This regulation provides guidance on the tax 
treatment of taxable and nontaxable fringe benefits and general and 
specific rules for the valuation of taxable fringe benefits in 
accordance with Code sections 61 and 132. The regulation also provides 
guidance on exclusions from gross income for certain fringe benefits. 
IA-140-86--This regulation provides guidance relating to the 
requirement that any deduction or credit with respect to business 
travel, entertainment, and gift expenses be substantiated with adequate 
records in accordance with Code section 274(d). The regulation also 
provides guidance on the taxation of fringe benefits and clarifies the 
types of records that are generally necessary to substantiate any 
deduction or credit for listed property. REG-209785-95--This regulation 
provides that taxpayers who deduct, or reimburse employees for, 
business expenses for travel, entertainment, gifts, or listed property 
are required to maintain certain records, including receipts, for 
expenses of $75 or more.
    Current Actions: There are no changes to these existing 
regulations.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations, not-for-profits institutions, farms and Federal, 
State, local or tribal governments.
    Estimated Number of Respondents: 28,582,150.
    Estimated Time per Respondent: 1 hr., 20 min.
    Estimated Total Annual Burden Hours: 37,922,688.
    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

[[Page 23245]]

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: May 7, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-11448 Filed 5-15-09; 8:45 am]
BILLING CODE 4830-01-P