[Federal Register Volume 79, Number 152 (Thursday, August 7, 2014)]
[Notices]
[Pages 46305-46306]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-18713]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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    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)). The 
IRS is soliciting comments concerning information collection 
requirements related to compensatory stock options under section 482.

DATES: Written comments should be received on or before October 6, 2014 
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 copies of regulation 
should be directed to LaNita Van Dyke, at the Internal Revenue Service, 
Room 66517, 1111 Constitution Avenue NW., Washington, DC 20224, or on 
the internet at [email protected].

SUPPLEMENTARY INFORMATION:

    Title: Compensatory Stock Options Under Section 482.
    OMB Number: 1545-1794.
    Regulation Project Number: T.D. 9088.
    Abstract: This document contains final regulations that provide 
guidance regarding the application of the rules of section 482 
governing qualified cost sharing arrangements. These regulations 
provide guidance regarding the treatment of stockbased compensation for 
purposes of the rules governing qualified cost sharing arrangements and 
for purposes of the comparability factors to be considered under the 
comparable profits method.

[[Page 46306]]

    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent: 1 Hour.
    Estimated Total Annual Burden Hours: 2000.
    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: July 29, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-18713 Filed 8-6-14; 8:45 am]
BILLING CODE 4830-01-P