[Federal Register Volume 66, Number 44 (Tuesday, March 6, 2001)]
[Notices]
[Pages 13628-13629]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-5323]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

February 27, 2001.
    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 5, 2001 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: New.
    Revenue Procedure Number: Revenue Procedure 2001-XX.
    Type of Review: New collection.
    Title: Leveraged Leases.
    Description: The revenue procedure sets forth the information and 
representations required to be furnished by taxpayers in requests for 
an advance ruling that a leveraged lease transaction is, in fact, a 
valid lease for federal income tax purposes.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions.
    Estimated Number of Respondents: 10.
    Estimated Burden Hours Per Respondent: 80 hours.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 800 hours.

    OMB Number: 1545-0735.
    Regulation Project Number: LR-189-80 (TD 7927) Final.
    Type of Review: Extension.
    Title: Amortization of Reforestation Expenditures.
    Description: Section 194 allows taxpayers to elect to amortize 
certain reforestation expenditures over a 7-year period if the election 
is proper and allowable.
    Respondents: Individuals or households, Business or other for-
profit.
    Estimated Number of Respondents: 12,000.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 6,001 hours.

    OMB Number: 1545-1300.
    Regulation Project Number: FI-46-89 Final.
    Type of Review: Extension.
    Title: Treatment of Acquisition of Certain Financial Institutions: 
Certain Tax Consequences of Federal Financial Assistance to Financial 
Institutions.
    Description: Recipients of Federal financial assistance (FFA) must 
maintain an account of FFA that is deferred from inclusion in gross 
income and subsequently recaptured. This information is used to 
determine the recipient's tax liability. Also, tax not subject to 
collection must be reported and information must be provided if certain 
elections are made.
    Respondents: Business or other for-profit, Federal Government.
    Estimated Number of Respondents/Recordkeepers: 500.
    Estimated Burden Hours Per Respondent/Recordkeeper: 4 hours, 24 
minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 2,200 hours.

    OMB Number: 1545-1564.
    Regulation Project Number: REG-103330-97 Final.
    Type of Review: Extension.
    Title: IRS Adoption Taxpayer Identification Numbers.
    Description: The regulation authorized the IRS to assign a new form 
of taxpayer identification number, the IRS Adoption Taxpayer 
Identification Number (ATIN), to children who are being adopted. The 
regulation is issued under section 6109 and is effective for tax 
returns due on or after April 15, 1998.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 1.
    Estimated Burden Hours Per Respondent: 1 hour.

[[Page 13629]]

    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 1 hour.

    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. 01-5323 Filed 3-5-01; 8:45 am]
BILLING CODE 4830-01-U