[Federal Register Volume 66, Number 185 (Monday, September 24, 2001)]
[Notices]
[Page 48909]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-23722]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

September 17, 2001.
    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 October 24, 
2001 to be assured of consideration.

Internal Revenue Service

    OMB Number: 1545-1324.
    Regulation Project Number: CO-88-90 Final.
    Type of Review: Extension.
    Title: Limitation on Net Operating Loss Carryforwards and Certain 
Built-in Losses Following Ownership Change; Special Rule for Value of a 
Loss Corporation Under the Jurisdiction of a Court in a Title 11 Case.
    Description: This information serves as evidence of an election to 
apply section 382(l)(6) in lieu of section 382(l)(5) and an election to 
apply the provisions of the regulations retroactively. It is required 
by the Internal Revenue Service to assure that the proper amount of 
carryover attributes are used by a loss corporation following specified 
types of ownership changes.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 3,250.
    Estimated Burden Hours Per Respondent: 15 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 813 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. 01-23722 Filed 9-21-01; 8:45 am]
BILLING CODE 4830-01-P