[Federal Register Volume 65, Number 38 (Friday, February 25, 2000)]
[Notices]
[Pages 10151-10152]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-4414]


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DEPARTMENT OF THE TREASURY

Submission for OMB Review; Comment Request


 

February 17, 2000.
    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, 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 March 27, 2000 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1120.
    Regulation Project Number: CO-69-87, CO-68-87, and CO-18-90 Final.
    Type of Review: Extension.
    Title: Final Regulations Under Sections 382 and 383 of the Internal 
Revenue Code of 1986 (CO-69-87 and CO-68-87 Final); and Final 
Regulations Under Section 382 of the Internal Revenue Code of 1986; 
Limitations on Corporate Net Operating Loss Carryforwards (CO-18-90 
Final).
    Description: CO-69-87 and CO-68-87: These regulations require 
reporting by a corporation after it undergoes an ``ownership change'' 
under sections 382 and 383. Corporations required to report under these 
regulations include those with capital loss carryovers and excess 
credits. CO-18-90: These regulations provide rules for the treatment of

[[Page 10152]]

options under Internal Revenue Code (IRC) section 382 for purposes of 
determining whether a corporation undergoes an ownership change. The 
regulation allows for certain elections for corporations whose stock is 
subject to options.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 75,150.
    Estimated Burden Hours Per Respondent/Recordkeeper: 2 hours, 56 
minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 220,575 hours.
    Clearance Officer: Garrick Shear, Internal Revenue Service, Room 
5244, 1111 Constitution Avenue, NW, Washington, DC 20224.
    OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of 
Management and Budget, Room 10202, New Executive Office Building, 
Washington, DC 20503.

Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 00-4414 Filed 2-24-00; 8:45 am]
BILLING CODE 4810-31-P