[Federal Register Volume 65, Number 82 (Thursday, April 27, 2000)]
[Notices]
[Page 24729]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-10462]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 20, 2000.
    The Department of the 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 30, 2000 to 
be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0066.
    Regulation Project Number: INTL-15-91 NPRM.
    Type of Review: Extension.
    Title: Taxation of Gain or Loss From Certain Nonfunctional Currency 
Transactions (Section 988 Transactions).
    Description: Certain taxpayers are allowed to elect a mark to 
market method of accounting for currency gains and losses and to 
integrate certain foreign currency denominated dividend, rent and 
royalty payments with hedges thereof.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents/Recordkeeping: 1,500.
    Estimated Burden Hours Per Respondent/Recordkeeping: 40 minutes.
    Frequency of Response: Annually, Other (one-time only).
    Estimated Total Reporting/Recordkeeping Burden: 1,000 hours.

    OMB Number: 1545-1517.
    Form Number: IRS Form 1099-MSA.
    Type of Review: Extension.
    Title: Distribution From Medical Savings Account (MSA) or 
Medicare+Choice MSA.
    Description: This form is used to report distributions from a 
medical savings account as set forth in section 220(h).
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 10,336.
    Estimated Burden Hours Per Respondent: 8 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 3,617 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. 00-10462 Filed 4-26-00; 8:45 am]
BILLING CODE 4830-01-P