[Federal Register Volume 67, Number 232 (Tuesday, December 3, 2002)]
[Notices]
[Page 72028]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-30576]



[[Page 72028]]

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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 22, 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 
11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.
    Dates: Written comments should be received on or before January 2, 
2003 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1425.
    Regulation Project Number: PS-55-93 (Temporary and Cross-Reference 
NPRM).
    Type of Review: Extension.
    Title: Certain Elections for Intangible Property.
    Description: The information is required by the IRS to aid it in 
the law and preventing manipulation. The information will be used to 
verify that a taxpayer is properly reporting its amortization and 
income taxes. The likely respondents are businesses or other for-profit 
institutions.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 100.
    Estimated Burden Hours Per Respondent: 1 hour.
    Frequency of Response: Other (once, 1993 tax return).
    Estimated Total Reporting Burden: 100 hours.

    OMB Number: 1545-1515.
    Regulation Project Number: REG-209817-96 NPRM.
    Type of Review: Extension.
    Title: Treatment of Obligation-Shifting Transactions.
    Description: Section 1.7701(1)-2 recharacterizes certain multiple-
party financing transactions. Pass-through entities engaging in these 
transactions must reflect the required recharacterization on their 
books. This collection of information is required to verify compliance 
with the regulation and will be used to determine whether the amount of 
tax has been correctly computed.
    Respondents: Business or other for-profit.
    Estimated Number of Recordkeepers: 100.
    Estimated Burden Hours Per Recordkeeper: 5 hours.
    Estimated Total Recordkeeping Burden: 500 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.

Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 02-30576 Filed 12-2-02; 8:45 am]
BILLING CODE 4830-01-P