[Federal Register Volume 68, Number 26 (Friday, February 7, 2003)]
[Notices]
[Pages 6539-6540]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-2992]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

January 31, 2003.
    The Department of the 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 March 10, 2003 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1191.
    Regulation Project Number: INTL-868-89 Final.
    Type of Review: Extension.
    Title: Information with Respect to Certain Foreign-Owned 
Corporations.
    Description: The regulations require record maintenance, annual 
information filing, and the authorization of the U.S. corporation to 
act as an agent for IRS summons purposes. These requirements allow IRS 
International examiners to better audit the returns of U.S. 
corporations engaged in crossborder transactions with a related party.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 63,000.

[[Page 6540]]

    Estimated Burden Hours Per Respondent: 10 hours.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 630,000 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. 03-2992 Filed 2-6-03; 8:45 am]
BILLING CODE 4830-01-P