[Federal Register Volume 63, Number 204 (Thursday, October 22, 1998)]
[Notices]
[Pages 56694-56695]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-28353]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

October 16, 1998.
    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 1995, Pub. L. 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 November 23, 
1998 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1318.
    Regulation Project Number: REG-209545-92 NPRM (formerly INTL-19-
92).
    Type of Review: Extension.
    Title: Earnings and Profits of Foreign Corporations.
    Description: Application of the proposed regulations may result in 
accounting method changes which ordinarily require the filing of Form 
3115. However, the proposed regulations waive this filing requirement 
if certain conditions are met, with the net result that no burdens are 
imposed.

[[Page 56695]]

    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 1.
    Estimated Burden Hours Per Respondent: 1 hour.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 1 hour.

    OMB Number: 1545-1378.
    Regulation Project Number: PS-4-89 Final.
    Type of Review: Extension.
    Title: Disposition of an Interest in a Nuclear Power Plant.
    Description: The regulations require that certain information be 
submitted as part of a request for a schedule of ruling amounts. The 
regulations also require certain taxpayers to file a request for a 
revised schedule of ruling amounts.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 52.
    Estimated Burden Hours Per Respondent: 2 hours, 24 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 125 hours.

    OMB Number: 1545-1423.
    Regulation Project Number: PS-106-91 Final.
    Type of Review: Extension.
    Title: State Housing Credit Ceiling and Other Rules Relating to the 
Low-Income Housing Credit.
    Description: The regulations provide the order in which credits are 
allocated from each State's credit ceiling under section 42(h)(3)(C) 
and the determination of which states qualify for credits from a 
National Pool of credits under section 42(h)(3)(D). Allocating agencies 
need this information to correctly allocate credits and determine 
National Pool eligibility.
    Respondents: Business or other for-profit, Individual or 
households, Not-for-profit institutions, State, Local or Tribal 
Government
    Estimated Number of Respondents: 110.
    Estimated Burden Hours Per Respondent: 2 hours, 30 minutes.
    Frequency of Response: Other (one time per event).
    Estimated Total Reporting Burden: 275 hours.

    OMB Number: 1545-1462.
    Regulation Project Number: PS-268-82 Final.
    Type of Review: Extension.
    Title: Definitions Under Subchapter S of the Internal Revenue Code.
    Description: The regulations provide definitions and special rules 
under Code section 1377 which affect S corporations and their 
shareholders.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 4,000.
    Estimated Burden Hours Per Respondent: 15 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 1,000 hours.

    OMB Number: 1545-1464.
    Regulation Project Number: IA-44-94 Final.
    Type of Review: Extension.
    Title: Deductibility, Substantiation, and Disclosure of Certain 
Charitable Contributions.
    Description: The regulation provides guidance regarding the 
allowance of certain charitable contribution deductions, the 
substantiation requirements for charitable contributions of $250 or 
more, and the disclosure requirements for quid pro quo contributions of 
$75 or more. These regulations will affect donee organizations and 
individuals and entities that make payments to donee organizations.
    Respondents: Individuals or households, Business or other for-
profit, Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 1,750,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 1 hour, 8 
minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 1,975,000 hours.

    OMB Number: 1545-1471.
    Regulation Project Number: REG-209626 NPRM (formerly EE-24-93).
    Type of Review: Extension.
    Title: Notice, Consent, and Election Requirements under Sections 
411(a)(11) and 417.
    Description: These regulations concern the ability to make a 
distribution from a qualified plan within 30 days of giving the 
participant a written explanation of the distribution options provided 
the plan administrator informs the participant of the right to have at 
least 30 days to consider the options.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, Federal Government, State, 
Local or Tribal Governments
    Estimated Number of Respondents: 750,000.
    Estimated Burden Hours Per Respondent: .011 hours.
    Frequency of Response: Other (once each year).
    Estimated Total Reporting Burden: 8,333 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. 98-28353 Filed 10-21-98; 8:45 am]
BILLING CODE 4830-01-P