[Federal Register Volume 75, Number 230 (Wednesday, December 1, 2010)]
[Notices]
[Page 74770]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-30181]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Final Treasury Decision; Comment Request for Regulation Project 
[127391-07], (TD 9403 Final)

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final Regulations.

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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 
regulations [127391-07](TD 9403 Final), Guidance under Section 664(c) 
Regarding the Effect of Unrelated Business Taxable Income on Charitable 
Remainder Trusts.

DATES: Written comments should be received on or before January 31, 
2011 to be assured of consideration.

ADDRESSES: Direct all written comments to Allan M. Hopkins, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Ralph Terry, 
(202) 622-8144, at Internal Revenue Service, Room 6129, 1111 
Constitution Avenue, NW., Washington, DC 20224, or through the Internet 
at [email protected].

SUPPLEMENTARY INFORMATION: Title: Guidance under Section 664(c) 
Regarding the Effect of Unrelated Business Taxable Income on Charitable 
Remainder Trusts.
    OMB Number: 1545-2101.
    Regulation Project Number: [127391-07], (TD 9403 Final).
    Abstract: This document contains final regulations that provide 
guidance under Internal Revenue Code (Code) section 664 on the tax 
effect of unrelated business taxable income (UBTI) on charitable 
remainder trusts. The regulations reflect the changes made to section 
664(c) by section 424(a) and (b) of the Tax Relief and Health Care Act 
of 2006. The regulations affect charitable remainder trusts that have 
UBTI in taxable years beginning after December 31, 2006.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations.
    Estimated Number of Respondents: 100.
    Estimated Time per Respondent: .5 hours.
    Estimated Total Annual Burden Hours: 50.
    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: November 18, 2010.
Allan M. Hopkins,
IRS Reports Clearance Officer.
[FR Doc. 2010-30181 Filed 11-30-10; 8:45 am]
BILLING CODE 4830-01-P