[Federal Register Volume 75, Number 23 (Thursday, February 4, 2010)]
[Notices]
[Page 5865]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-2344]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 2010-6

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 
Notice 2010-6, Relief and Guidance on Corrections of Certain Failures 
of a Nonqualified Deferred Compensation Plan to Comply with Section 
409A(a), 2006-97, Taxation and Reporting of REIT Excess Inclusion 
Income.

DATES: Written comments should be received on or before April 5, 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 regulations should be directed to Dawn Bidne at Internal 
Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, 
DC 20224, or at (202)622-3933, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Relief and Guidance on Corrections of Certain Failures of a 
Nonqualified Deferred Compensation Plan to Comply with Section 409A(a).
    OMB Number: 1545-2164.
    Notice Number: Notice 2010-6.
    Abstract: Notice 2010-6 requires a corporation to attach to its 
Federal income tax return an information statement related to the 
correction of a failure of a nonqualified deferred compensation plan to 
comply with the written plan document requirements of Section 409A(a). 
The information statement must be attached to the corporation's income 
tax return for the corporation's taxable year in which the correction 
is made, and the subsequent taxable year to the extent an affected 
employee must include an amount in income in such subsequent year as a 
result of the correction. The corporation must also provide an 
information statement to each affected employee, and such employee must 
attach an information statement to the employee's Federal tax return 
for the employee's taxable year during which the correction is made, 
and the subsequent taxable year but only if an amount is includible in 
income by the employee in such subsequent year as a result of the 
correction.
    Current Actions: There are no changes being made to the notice at 
this time.
    Type of Review: Extension of a previously approved collection.
    Affected Public: Business or other-for-profit organizations.
    Estimated Number of Respondents: 10,000.
    Estimated Time per Respondent: 30 minutes.
    Estimated Total Annual Reporting Burden Hours: 5,000.
    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: January 14, 2010.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2010-2344 Filed 2-3-10; 8:45 am]
BILLING CODE 4830-01-P