[Federal Register Volume 62, Number 66 (Monday, April 7, 1997)]
[Notices]
[Pages 16643-16644]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8732]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

March 31, 1997.
    The Department of the 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.

Internal Revenue Service (IRS)

    OMB Number: 1545-0274.
    Form Number: IRS Form 2163.
    Type of Review: Extension.
    Title: Employment--Reference Inquiry.
    Description: Form 2163 is used by IRS to verify past employment 
history and to question listed and developed references as to the 
character and integrity of current and potential IRS employees. The 
information received is incorporated into a report on which a security 
clearance determination is based.
    Respondents: Business and other for-profit, Individuals or 
households, Not-for-profit institutions, Farms, Federal Government, 
State, Local or Tribal Government.
    Estimated Number of Respondents: 20,000.
    Estimated Burden Hours Per Respondent: 12 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 4,000 hours.
    OMB Number: 1545-0887.
    Form Number: IRS Form 8281.

[[Page 16644]]

    Type of Review: Extension.
    Title: Information Return for Publicly Offered Original Issue 
Discount Instruments.
    Description: Form 8281 is filed by the issuer of a publicly offered 
debt instrument having Original Issue Discount (OID). The information 
is used to update Publication 1212, List of Original Issue Discount 
Instruments.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 500.
    Estimated Burden Hours Per Respondent/Respondent:
    Recordkeeping--5 hr., 16 min.
    Learning about the law or the form--24 min.
    Preparing, copying, assembling, and sending the form to the IRS--35 
min.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 3,080 hours.

    OMB Number: 1545-0892.
    Form Number: IRS Form 8300.
    Type of Review: Revision.
    Title: Report of Cash Payments Over $10,000 Received in a Trade or 
Business.
    Description: Anyone in a trade or business who, in the course of 
such trade or business, receives more than $10,000 in cash or foreign 
currency in one or more related transactions must report it to the IRS 
and provide a statement to the payor. Any transaction which must be 
reported under Title 31 on Form 4789 is exempted from reporting the 
same transaction on Form 8300.
    Respondents: Business or other for-profit, Farms, Federal 
Government.
    Estimated Number of Respondents/Recordkeepers: 46,800.
    Estimated Burden Hours Per Respondent/Recordkeeper: 21 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 63,539 hours.

    OMB Number: 1545-1131.
    Regulation Project Number: INTL-485-89 Final.
    Type of Review: Extension.
    Title: Taxation of Gain or Loss from Certain Nonfunctional Currency 
Transactions (Section 988 Transactions).
    Description: Section 988(c)(1) (D) and (E) require taxpayers to 
make certain elections which determine whether section 988 applies. In 
addition, sections 988(a)(1)(B) and 988(d) requires taxpayers to 
identify transactions which generate capital gain or loss or which are 
hedges of other transactions.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 5,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 40 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 3,333 hours.
    Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW., Washington, DC 
20224.
    OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 97-8732 Filed 4-4-97; 8:45 am]
BILLING CODE 4830-01-P