[Federal Register Volume 76, Number 48 (Friday, March 11, 2011)]
[Notices]
[Page 13449]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-5570]
[[Page 13449]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure 2009-
41 (Rev. Proc. 2002-59 Is Superseded)
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
Revenue Procedure 2009-41, Relief for Late Initial Entity
Classification Elections.
DATES: Written comments should be received on or before May 10, 2011 to
be assured of consideration.
ADDRESSES: Direct all written comments to Yvette B. Lawrence, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for copies of the regulations
should be directed to Joel Goldberger at Internal Revenue Service, Room
6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202)
927-9368, or through the Internet at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Relief for Late Initial Entity Classification Elections.
OMB Number: 1545-1771.
Revenue Procedure Number: Revenue Procedure 2009-41. (Rev. Proc.
2002-59 is superseded.)
Abstract: This revenue procedure provides guidance under Sec. 7701
of the Internal Revenue Code for an eligible entity that requests
relief for a late classification election filed with the applicable IRS
service center within 3 years and 75 days of the requested effective
date of the entity's classification election. It also provides guidance
for those eligible entities that do not qualify for relief under this
revenue procedure and that are required to request a letter ruling in
order to request relief for a late entity classification election.
Current Actions: There are no changes being made to the revenue
procedure at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 300.
Estimated Total Annual Burden Hours: 4,554.
The following paragraph applies to all 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
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.
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 the use of
automated collection techniques or other forms of technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: March 2, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011-5570 Filed 3-10-11; 8:45 am]
BILLING CODE 4830-01-P