[Federal Register Volume 63, Number 129 (Tuesday, July 7, 1998)]
[Notices]
[Page 36735]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-17868]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

June 25, 1998.
    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.

Dates: Written comments should be received on or before August 6, 1998 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1021.
    Form Number: IRS Form 8594.
    Type of Review: Extension.
    Title: Asset Acquisition Statement.
    Description: Form 8594 is used by the buyer and seller of assets to 
which goodwill or going concern value can attach to report the 
allocation of the purchase price among the transferred assets.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 20,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
      Recordkeeping: 8 hr., 51 min.
      Learning about the law or the form: 1 hr., 35 min.
      Preparing, copying, assembling, and sending the form to the IRS: 
1 hr., 49 min.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 245,000 hours.

    OMB Number: 1545-1600.
    Notice Number: Notice 98-25.
    Type of Review: Extension.
    Title: Election to Continue to Treat Trust as a United States 
Person.
    Description: The notice provides the procedures and requirements 
for making the election to remain a domestic trust.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, Farms, Federal Government, 
State, Local or Tribal Government.
    Estimated Number of Respondents: 500,000.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Estimated Total Recordkeeping Burden: 250,000 hours.

    OMB Number: 1545-1602.
    Notice Number: Notice 98-23.
    Type of Review: Extension.
    Title: Taxation of Social Security Benefits Under U.S.-Canada 
Income Tax Treaty.
    Description: The notice provides guidance regarding recent changes 
to the taxation of social security benefits under the U.S.-Canada 
income tax treaty and the availability of refunds in some cases for 
taxes paid on benefits received in 1996 and 1997.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 50,000.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Frequency of Response: Other (one time).
    Estimated Total Reporting Burden: 25,000 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. 98-17868 Filed 7-6-98; 8:45 am]
BILLING CODE 4830-01-P