[Federal Register Volume 65, Number 228 (Monday, November 27, 2000)]
[Notices]
[Pages 70759-70760]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-30067]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 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 December 27, 
2000 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0949.
    Form Number: IRS Form 2587.
    Type of Review: Extension.
    Title: Application for Special Enrollment Examination.
    Description: This information relates to the determination of the 
eligibility of individual seeking enrollment status to practice before 
the Internal Revenue Service.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 8,000.
    Estimated Burden Hours Per Respondent: 6 minutes.
    Frequency of Response: Other (one-time filing).
    Estimated Total Reporting Burden: 800 hours.

    OMB Number: 1545-1145.
    Form Number: IRS Form 706-GS(T) and Schedules A and B.
    Type of Review: Extension.
    Title: Generation-Skipping Transfer Tax Return For Terminations.
    Description: Form 706-GS(T) is used by trustees to compute and 
report the Federal Generation-Skipping Tax (GST) tax imposed by 
Internal Revenue Code (IRC) section 2601. IRS uses the information to 
enforce this tax and to verify that the tax has been properly computed.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 100.
    Estimated Burden Hours Per Respondent/Recordkeeper:

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                                                                                                     Copying,
                                                                  Learning about                    assembling,
                                                   Recordkeeping    the  law or    Preparing the    and sending
                      Form                           (minutes)       the form          form         the form to
                                                                     (minutes)       (minutes)        the IRS
                                                                                                     (minutes)
----------------------------------------------------------------------------------------------------------------
705-GS(T).......................................              39              32              32              20
Schedule A......................................              13              13              37              20
Schedule B......................................              13               9              19              20
----------------------------------------------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 702 hours.

    OMB Number: 1545-1558.
    Revenue Procedure Number: Revenue procedure 97-43.
    Revenue Ruling Number: Revenue ruling 97-39.
    Type of Review: Extension.

[[Page 70760]]

    Title: Procedures for Electing Out of Exemptions Under Section 
1.475(c)-1 (97-53); and Mark-to-Market Accounting Method for Dealers in 
Securities (97-39).
    Description: Revenue procedure 97-43 provides taxpayers automatic 
consent to change to mark-to-market accounting for securities after the 
taxpayer elects under section 1.475(c)-1, subject to specified terms 
and conditions. Revenue Ruling 97-39 provides taxpayers additional 
mark-to-market guidance in a questions and answer format.
    Respondents: Business or other for-profit.
    Estimated Number of Reporting: 200.
    Estimated Burden Hours Per Respondent: 5 hours.
    Estimated Total Reporting Burden: 1,000 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. 00-30067 Filed 11-24-00; 8:45 am]
BILLING CODE 4830-01-U