[Federal Register Volume 67, Number 209 (Tuesday, October 29, 2002)]
[Notices]
[Page 66036]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-27423]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

October 18, 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, Pub. L. 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 
11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before November 29, 
2002 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1275.
    Regulation Project Number: CO-45-91 Final.
    Type of Review: Extension.
    Title: Limitations on Corporate Net Operating Loss Carryforwards.
    Description: Section 1.382-9(d)(2)(iii) and (d)(4)(iv) allow a loss 
corporation to rely on a statement by beneficial owners of indebtedness 
in determining whether the loss corporation qualifies under section 
382(1)(5). Section 1.382-9(d)(6)(ii) requires a loss corporation to 
file an election if it wants to apply the regulations retroactively, or 
revoke a prior section 382(1)(6) election.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 650.
    Estimated Burden Hours Per Respondent: 1 hour, 15 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 200 hours.

    OMB Number: 1545-1421.
    Regulation Project Number: IA-62-93 Final.
    Type of Review: Extension.
    Title: Certain Elections Under the Omnibus Budget Reconciliation 
Act of 1993.
    Description: These regulations establish various elections enacted 
by the Omnibus Budget Reconciliation Act of 1993 (Act). The regulations 
provide guidance that enable taxpayers to take advantage of various 
benefits provided by the Act and the Internal Revenue Code.
    Respondents: Business or other for-profit, Individuals or 
households, Farms.
    Estimated Number of Respondents: 410,000.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 202,500 hours.

    OMB Number: 1545-1487.
    Regulation Project Number: REG-209827 and REG-111672-99 Final.
    Type of Review: Extension.
    Title: Treatment of Distributions to Foreign Persons Under Sections 
367(e)(1) and 367(e)(2).
    Description: Sections 367(e)(1) and 367(e)(2) provide for gain 
recognition on certain transfers to foreign persons under sections 355 
and 332. Section 6038B(a) requires U.S. persons transferring property 
to foreign persons in exchanges described in sections 332 and 355 to 
furnish information regarding such transfers.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 217.
    Estimated Burden Hours Per Respondent: 11 hours, 23 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 2,471 hours.

    Clearance Officer: Glenn Kirkland (202) 622-3428, Internal Revenue 
Service, Room 6411-03, 1111 Constitution Avenue, NW, Washington, DC 
20224.
    OMB Reviewer: Joseph F. Lackey, Jr. (202) 395-7316, Office of 
Management and Budget, Room 10235, New Executive Office Building, 
Washington, DC 20503.

Mary A. Able,
Departmental Reports, Management Officer.
[FR Doc. 02-27423 Filed 10-28-02; 8:45 am]
BILLING CODE 4830-01-P