[Federal Register Volume 67, Number 134 (Friday, July 12, 2002)]
[Notices]
[Page 46249]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-17493]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 5, 2002.
    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 August 12, 
2002, to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1139.
    Regulation Project Number: PS-264-82 Final.
    Type of Review: Extension.
    Title: Adjustments to Basis of Stock and Indebtedness to 
Shareholders of S Corporations and Treatment of Distribution by S 
Corporations to Shareholders.
    Description: The regulations provide the procedures and the 
statements to be filed by S corporations for making the election 
provided under section 1368, and by shareholders who choose to reorder 
items that decrease their basis. Statements required to be filled will 
be used to verify that taxpayers are complying with the requirements 
imposed by Congress.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 2,000.
    Estimated Burden Hours Per Respondent: 6 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 200 hours.
    OMB Number: 1545-1491.
    Regulation Project Number: REG-209798-95 Final.
    Type of Review: Extension.
    Title: Amortizable Bond Premium.
    Description: The information requested is necessary for the Service 
to determine whether a holder of a bond had elected to amortize bond 
premium and to determine whether an issuer or a holder has changed its 
method of accounting for premium.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 100,000.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Frequency of Response: Other (once).
    Estimated Total Reporting Burden: 50,000 hours.
    Clearance Officer: Glenn Kirkland, Internal Revenue Service, Room 
6411-03, 1111 Constitution Avenue, NW., Washington, DC 20224, (202) 
622-3428.
    OMB Reviewer: Joseph F. Lackey, Jr., Office of Management and 
Budget, Room 10235, New Executive Office Building, Washington, DC 
20503, (202) 395-7316.

Lois K. Holland,
Departmental Reports, Management Officer.
[FR Doc. 02-17493 Filed 7-11-02; 8:45 am]
BILLING CODE 4830-01-P