[Federal Register Volume 65, Number 61 (Wednesday, March 29, 2000)]
[Notices]
[Page 16689]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-7755]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

March 22, 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: 1545-1308.
    Regulation Project Number: IA-17-90 Final.
    Type of Review: Extension.
    Title: Reporting Requirements for Recipients of Point Paid on 
Residential Mortgages.
    Description: To encourage compliance with the tax laws relating to 
the mortgage interest deduction, the regulations require the reporting 
on Form 1098 of points paid on residential mortgages. Only businesses 
that receive mortgage interest in the course of a trade or business are 
affected by this reporting requirement.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 37,644.
    Estimated Burden Hours Per Respondent/Recordkeeper: 7 hours, 41 
minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 283,056 hours.
    OMB Number: 1545-1669.
    Notice Number: Notice 2000-3.
    Type of Review: Extension.
    Title: Guidance on Cash or Deferred Arrangements.
    Description: This notice provides guidance to employers 
maintaining, or who are contemplating establishing, cash or deferred 
arrangements (CODAs) for their employees. It permits some degree of 
flexibility in using the safe harbor methods, described in sections 
40(k)(12) and 401(m)(11) of the Code, to satisfy the nondiscrimination 
tests normally applicable to CODAs. As indicated in section III, Q&As 1 
and 2, of the notice, to take advantage of this flexibility, employers 
must amend their CODAs accordingly and provide employees written 
notices of the benefits available to them under the CODA.
    Respondents: Business or other for-profit, Not-for-profit 
institutions.
    Estimated Number of Respondents: 6,000.
    Estimated Burden Hours Per Respondent: 1 hour, 20 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 8,000 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. 00-7755 Filed 3-28-00; 8:45 am]
BILLING CODE 4830-01-P