[Federal Register Volume 61, Number 222 (Friday, November 15, 1996)]
[Notices]
[Pages 58613-58614]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-29324]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

November 4, 1996.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to

[[Page 58614]]

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.

Internal Revenue Service (IRS)

    OMB Number: 1545-1487.
    Regulation Project Number: Reg-209827-96 (formerly INTL-20-96 TEMP/
NPRM amending INTL-704-87 Final).
    Type of Review: Extension.
    Title: Treatment of Section 355 Distributions by U.S. Corporations 
to Foreign Persons.
    Description: The regulations require additional reporting of 
domestic corporate taxpayers to secure nonrecognition treatment under 
section 367(e)(1) on distributions of stock or securities under section 
355 to foreign persons.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 462.
    Estimated Burden Hours Per Respondent: 4 hours, 6 minutes.
    Frequency of Response: Annually, Other.
    Estimated Total Reporting Burden: 2,124 hours.
    Clearance Officer: Garrick Shear, (202) 622-3869, Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, N.W., Washington, DC 
20224.
    OMB Reviewer: Alexander T. Hunt, (202) 395-7340, Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports, Management Officer.
[FR Doc. 96-29324 Filed 11-4-96; 8:45 am]
BILLING CODE: 4830-01-P