[Federal Register Volume 61, Number 16 (Wednesday, January 24, 1996)]
[Notices]
[Pages 1998-1999]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1063]



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DEPARTMENT OF THE TREASURY

Agency Information Collection Activities; Comment Request

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. Currently, the IRS is soliciting 
comments concerning existing regulations, PS-1-83 and PS-259-82, 
Certain Elections under the Subchapter S Revision Act of 1982; and PS-
262-82, Definition of an S Corporation.

DATES: Written comments should be received on or before March 25, 1996, 
to be assured of consideration.

ADDRESSES: Direct all written comments to Garrick R. Shear, Internal 
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection should be directed to Martha R. 
Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111 
Constitution Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

    Title: Certain Elections under the Subchapter S Revision Act of 
1982; and Definition of an S Corporation.
    OMB Number: 1545-0731.
    Regulation Project Number: PS-1-83 Notice of Proposed Rulemaking; 
PS-259-82 Temporary; PS-262-82 Final. 

[[Page 1999]]

    Abstract: The regulations provide the procedures and the statements 
to be filed by certain individuals for making the election under 
section 1361(d)(2), the refusal to consent to that election, or the 
revocation of that election. The statements required to be filed are 
used to verify that taxpayers are complying with requirements imposed 
by Congress.
    Current Actions: There is no change to the collection of 
information in these existing regulations.
    Type of Review: Extension of OMB approval.
    Affected Public: Business or other for-profit organizations and 
individuals.
    Estimated Number of Respondents: 1,005.
    Estimated Time Per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 1,005.

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. Written comments should address the 
accuracy of the burden estimates and ways to minimize burden including 
the use of automated collection techniques or the use of other forms of 
information technology, as well as other relevant aspects of the 
information collection request.

    Approved: January 18, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-1063 Filed 1-23-96; 8:45 am]
BILLING CODE 4830-01-P