[Federal Register Volume 66, Number 211 (Wednesday, October 31, 2001)]
[Notices]
[Page 55039]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-27368]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

October 24, 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 November 30, 
2001 to be assured of consideration.

Internal Revenue Service

    OMB Number: 1545-1465.
    Regulation Project Number: PS-54-94 Final.
    Type of Review: Extension.
    Title: Environmental Settlement Funds--Classification.
    Description: Section 7701 and the regulations thereunder classify 
entities for federal tax purposes as partnerships, associations, and 
trusts. Section 671 requires a grantor treated as an owner of a portion 
of a trust to include items in income. This regulation provides 
reporting rules.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 500.
    Estimated Burden Hours Per Respondent: 4 hours.
    Frequency of Response: Other (Once).
    Estimated Total Reporting Burden: 2,000 hours.
    OMB Number: 1545-1471.
    Regulation Project Number: REG-209626-93 Final.
    Type of Review: Extension.
    Title: Notice, Consent, and Election Requirements under Sections 
411(a)(11) and 417.
    Description: These regulations concern the ability to make a 
distribution from a qualified plan within 30 days of giving the 
participant a written explanation of the distribution options provided 
the plan administrator informs the participant of the right to have at 
least 30 days to consider the options.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, Federal Government, State, 
Local or Tribal Government.
    Estimated Number of Respondents: 750,000.
    Estimated Burden Hours Per Respondent: .011 hours.
    Frequency of Response: Other (once each year).
    Estimated Total Reporting Burden: 8,333 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.

Mary A. Able,
Departmental Reports, Management Officer.
[FR Doc. 01-27368 Filed 10-30-01; 8:45 am]
BILLING CODE 4830-01-P