[Federal Register Volume 66, Number 233 (Tuesday, December 4, 2001)]
[Notices]
[Page 63092]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-29943]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 26, 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 January 3, 
2002, to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1476.
    Regulation Project Number: INTL-3-95 Final.
    Type of Review: Extension.
    Title: Source of Income From Sales of Inventory and Natural 
Resources Produced in One Jurisdiction and Sold in Another 
Jurisdiction.
    Description: The information requested is necessary for the Service 
to audit taxpayers' returns to ensure taxpayers have properly 
determined the source of income from sales of inventory produced in one 
country and sold in another.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 425.
    Estimated Burden Hours Per Respondent: 2 hours, 36 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 1,125 hours.

    OMB Number: 1545-1594.
    Regulation Project Number: REG-251520-96 Final.
    Type of Review: Extension.
    Title: Classification of Certain Transactions Involving Computer 
Programs.
    Description: The information requested in regulation Section 1.861-
18(k) is necessary for the Commissioner to determine whether a taxpayer 
properly is requesting to change its method of accounting.
    Respondents: Business of other for-profit.
    Estimated Number of Respondents: 1.
    Estimated Burden Hours Per Respondent: 1 hour.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 1 hour.

    OMB Number: 1545-1631.
    Regulation Project Number: REG-209619-93 NPRM.
    Type of Review: Extension.
    Title: Escrow Funds and Other Similar Funds.
    Description: Section 468B(g) requires that income earned on escrow 
accounts, settlement funds, and similar funds be subject to current 
taxation. This section authorizes the Secretary to issue regulations 
providing for the current taxation of these accounts and funds as 
grantor trusts or otherwise. The proposed regulations would amend the 
final regulations qualified settlement funds (QFSs) and would provide 
new rules for qualified escrows and qualified trusts used in deferred 
section 1031 exchanges; pre-closing escrows; contingent at-closing 
escrows; and disputed ownership funds.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, Federal Government, State, 
Local or Tribal Government.
    Estimated Number of Respondents: 9,300.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 4,650 hours.

    Clearance Officer: George Freeland, Internal Revenue Service, Room 
5577, 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. 01-29943 Filed 12-3-01; 8:45 am]
BILLING CODE 4830-01-P