[Federal Register Volume 75, Number 11 (Tuesday, January 19, 2010)]
[Notices]
[Pages 2932-2933]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-776]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-120509-06]
RIN 1545-BF71


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 
final regulation, REG-120509-06, 1.882-5; Determination of Interest 
Expense Deduction of Foreign Corporation. (TD 9465).

DATES: Written comments should be received on or before March 22, 2010 
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 regulation should be directed to Joel Goldberger, at 
(202) 927-9368, or at Internal Revenue Service, room 6129, 1111 
Constitution Avenue NW., Washington, DC 20224, or through the Internet 
at [email protected].

SUPPLEMENTARY INFORMATION:

[[Page 2933]]

    Title: Determination of Interest Expense Deduction of Foreign 
Corporation. (TD 9465).
    OMB Number: 1545-2030.
    RIN: 1545-BF71.
    Regulation Project Number: REG-120509-06.
    Abstract: This document contains final regulations under Section 
882(c) of the Internal Revenue Code concerning the determination of the 
interest expense deduction of foreign corporations engaged in a trade 
or business within the United States. These final regulations conform 
the interest expense rules to recent U.S. Income Tax Treaty agreements 
and adopt other changes to improve compliance.
    Current Actions: Final regulations and removal of temporary 
regulations. There is no change in burden.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit institutions.
    Estimated Number of Respondents: 75.
    Estimated Total Annual Burden Hours: 35.
    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: December 28, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2010-776 Filed 1-15-10; 8:45 am]
BILLING CODE 4830-01-P