[Federal Register Volume 59, Number 73 (Friday, April 15, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-9140]


[[Page Unknown]]

[Federal Register: April 15, 1994]


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DEPARTMENT OF THE TREASURY
 

Public Information Collection Requirements Submitted to OMB for 
Review

April 11, 1994.
    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 1980, Public Law 96-511. 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.

Internal Revenue Service

OMB Number: 1545-1312.
Regulation ID Number: INTL-15-91 NPRM.
Type of Review: Extension.
Title: Taxation of Gain or Loss from Certain Nonfunctional Currency 
Transactions (Section 988 Transactions).
Description: Certain taxpayers are allowed to elect a mark to market 
method of accounting for foreign currency gains and losses and to 
integrate certain foreign currency denominated dividend, rent and 
royalty payments with hedges thereof.
Respondents: Individuals or households, Businesses or other for- 
profit, Small businesses or organizations.
Estimated Number of Respondents: 1.
Estimated Burden Hours Per Respondent: 1 hour.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 1 hour.
Clearance Officer: Garrick Shear, (202) 622-3869, Internal Revenue 
Service, room 5571, 1111 Constitution Avenue NW. Washington, DC 20224.
OMB Reviewer: Milo Sunderhauf, (202) 395-6880, Office of Management and 
Budget, room 3001, New Executive Office Building, Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 94-9140 Filed 4-14-94; 8:45 am]
BILLING CODE: 4830-01-M