[Federal Register Volume 65, Number 67 (Thursday, April 6, 2000)]
[Notices]
[Page 18147]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-8418]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

March 28, 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 May 8, 2000 to 
be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0714.
    Form Number: IRS Forms 8027 and 8027-T.
    Type of Review: Extension.
    Title: Employer's Annual Information Return of Tip Income and 
Allocated Tips (Form 8027); and Transmittal of Employer's Annual 
Information Return of Tip Income and Allocated Tips (Form 8027-T).
    Description: To help IRS in its examination of return filed by 
tipped employees, large food or beverage establishments are required to 
report annually information concerning food or beverage operations 
receipts, tips reported by employees, and in certain cases, the 
employer must allocate tips to certain employees.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, State, Local or Tribal 
Government
    Estimated Number of Respondents/Recordkeepers: 52,050.
    Estimated Burden Hours Per Respondent/Recordkeeper:

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                                                                 Learning about the law   Preparing, and sending
                 Form                       Recordkeeping             or the form          the form to the IRS
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8027.................................  5 hr., 59 min..........  53 min.................  1 hr., 2 min.
8027-T...............................  43 min.................  0 min..................  1 min.
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    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 392,986 hours.

    OMB Number: 1545-1666.
    Regulation Project Number: REG-116048-99 NPRM and Temporary.
    Type of Review: Extension.
    Title: Stock Transfer Rules, Supplemental Rules.
    Description: These regulations provide rules governing income 
recognition upon the occurrence of a section 367(b) transaction. 
Specifically, they provide certain elections for a taxpayer to limit 
its income inclusion.
    Respondents: Business or other for-profit, Farms.
    Estimated Number of Respondents: 20.
    Estimated Burden Hours Per Respondent: 4 hours, 15 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 85 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. 00-8418 Filed 4-5-00; 8:45 am]
BILLING CODE 4830-01-P