The Department of Treasury has submitted the following public information collection requirement(s) to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of the submission(s) may be obtained by calling the Treasury Bureau Clearance Officer listed. Comments regarding this information collection should be addressed to the OMB reviewer listed and to the Treasury Department Clearance Officer, Department of the Treasury, Room 2110, 1425 New York Avenue, NW., Washington, DC 20220.
DATES:
Written comments should be received on or before April 28, 2000 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0817.
Regulation Project Number: EE-28-78 Final.
Type of Review: Extension.
Title: Inspection of Applications for Tax Exemption and Applications for Determination Letters for Pension Plans.
Description: Internal Revenue Code (IRC) section 6104 requires applications for tax exempt status, annual reports of private foundations, and certain portions of returns to be open for public inspection. Some information may be withheld from disclosure. IRS needs the information to comply with requests for public inspection of the above-named documents.
Respondents: Business or other for-profit, Individuals or households, Not-for-profit institution, Federal Government, State, Local or Tribal Government.
Estimated Number of Respondents: 42,370.
Estimated Burden Hours Per Respondent: 12 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 8,538 hours.
OMB Number: 1545-1507.
Regulation Project Number: INTL-656-87 Final.
Type of Review: Extension.
Title: Treatment of Shareholders of Certain Passive Foreign Investment Companies.
Description: The reporting requirements affect U.S. persons that are direct and indirect shareholders of passive foreign investment companies (PFICs). The IRS uses Form 8621 to identify PFICs, U.S. persons that are shareholders, and transactions subject to PFIC taxation and to verify income inclusions, excess distributions and deferred tax amounts.
Respondents: Business or other for-profit, Individuals or households, Not-for-profit institutions.
Estimated Number of Respondents: 131,250.
Estimated Burden Hours Per Respondent: 45 minutes.
Frequency of Response: Other (one-time only).
Estimated Total Reporting Burden: 100,000 hours.
OMB Number: 1545-1528.
Revenue Procedure Number: Revenue Procedure 97-15.
Type of Review: Extension.
Title: Remedial Payment Closing Agreement Program.
Description: This information is required by the Internal Revenue Service to verify compliance with sections 57, 103, 141, 142, 144, 145, and 147 of the Internal Revenue Code (IRC) of 1986, as applicable (including any corresponding provision, if any, of the Internal Revenue Code of 1954). This information will be used by the Service to enter into a closing agreement with the issuer of certain state or local bonds and to establish the closing agreement amount.
Respondents: Not-for-profit institution, State, Local or Tribal Government.
Estimated Number of Respondents/Recordkeepers: 50.
Estimated Burden Hours Per Respondent/Recordkeeper: 1 hour, 30 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 75 hours.
Clearance Officer: Garrick Shear, Internal Revenue Service, Room 5244, 1111 Constitution Avenue, NW, Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of Management and Budget, Room 10202, New Executive Office Building, Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 00-7754 Filed 3-28-00; 8:45 am]
BILLING CODE 4830-01-P