[Federal Register Volume 65, Number 61 (Wednesday, March 29, 2000)]
[Notices]
[Pages 16688-16689]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-7754]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

March 21, 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 April 28, 2000 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0817.
    Regulation Project Number: EE-28-78 Final.
    Type of Review: Extension.
    Title: Inspection of Applications for Tax Exemption and 
Applications for Determination Letters for Pension Plans.
    Description: Internal Revenue Code (IRC) section 6104 requires 
applications for tax exempt status, annual reports of private 
foundations, and certain portions of returns to be open for public 
inspection. Some information may be withheld from disclosure. IRS needs 
the information to comply with requests for public inspection of the 
above-named documents.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institution, Federal Government, State, 
Local or Tribal Government.
    Estimated Number of Respondents: 42,370.
    Estimated Burden Hours Per Respondent: 12 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 8,538 hours.
    OMB Number: 1545-1507.
    Regulation Project Number: INTL-656-87 Final.
    Type of Review: Extension.
    Title: Treatment of Shareholders of Certain Passive Foreign 
Investment Companies.
    Description: The reporting requirements affect U.S. persons that 
are direct and indirect shareholders of passive foreign investment 
companies (PFICs). The IRS uses Form 8621 to identify PFICs, U.S. 
persons that are shareholders, and transactions subject to PFIC 
taxation and to verify income inclusions, excess distributions and 
deferred tax amounts.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions.
    Estimated Number of Respondents: 131,250.
    Estimated Burden Hours Per Respondent: 45 minutes.
    Frequency of Response: Other (one-time only).
    Estimated Total Reporting Burden: 100,000 hours.

    OMB Number: 1545-1528.
    Revenue Procedure Number: Revenue Procedure 97-15.
    Type of Review: Extension.
    Title: Remedial Payment Closing Agreement Program.
    Description: This information is required by the Internal Revenue 
Service to verify compliance with sections 57, 103, 141, 142, 144, 145, 
and 147 of the Internal Revenue Code (IRC) of 1986, as applicable 
(including any corresponding provision, if any, of the Internal Revenue 
Code of 1954). This information will be used by the Service to enter 
into a closing agreement with the issuer of certain state or local 
bonds and to establish the closing agreement amount.
    Respondents: Not-for-profit institution, State, Local or Tribal 
Government.
    Estimated Number of Respondents/Recordkeepers: 50.
    Estimated Burden Hours Per Respondent/Recordkeeper: 1 hour, 30 
minutes.

[[Page 16689]]

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 75 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. 00-7754 Filed 3-28-00; 8:45 am]
BILLING CODE 4830-01-P