[Federal Register Volume 68, Number 42 (Tuesday, March 4, 2003)]
[Notices]
[Pages 10308-10309]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-5019]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

February 24, 2003.
    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 April 3, 2003 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0973.
    Form Number: IRS Form 8569.
    Type of Review: Extension.
    Title: Geographic Availability Statement.
    Description: The data collected from this form is used by the 
executive panels responsible for screening internal and external 
applicants for the SES Candidate Development Program, and other 
executive positions.
    Respondents: Individuals or households, Federal Government.
    Estimated Number of Respondents: 500.
    Estimated Burden Hours Per Respondent: 10 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 84 hours.

    OMB Number: 1545-1128.
    Regulation Project Number: CO-69-87 Final, CO-68-87 Final and CO-
18-90 Final.
    Type of Review: Extension.
    Title: CO-69-87 and CO-68-87 Final: Final Regulations under 
Sections 382 and 383 of the Internal Revenue Code of 1986; Pre-change 
Attributes; and
    CO-18-90 Final: Final Regulations under Section 382 of the Internal 
Revenue Code of 1986; Limitations on Corporate Net Operating Loss 
Carryforwards.
    Description: (CO-69-87 and CO-68-87) These regulations require 
reporting by a corporation after it undergoes an ``ownership change'' 
under sections 382 and 383. Corporations required to report under these 
regulations include those with capital loss carryovers and excess 
credits. (CO-18-90) These regulations provide rules for the treatment 
of options under Internal Revenue Code (IRC) section 382 for purposes 
of determining whether a corporation undergoes an ownership change. The 
regulation allows for certain elections for corporations whose stock is 
subject to options.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 75,150.
    Estimated Burden Hours Per Respondent/Recordkeeper: 2 hours, 56 
minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 220,575 hours.

    OMB Number: 1545-1617.
    Regulation Project Number: REG-124069-02 NPRM, Temporary and Final; 
and REG-118966-97 Final.
    Type of Review: Extension.
    Title: REG-124069-02 NPRM, Temporary and Final Regulations: Section 
6038--Returns Required with Respect to Controlled Foreign Partnerships;
    REG-118966-97 Final: Information Reporting with Respect to Certain 
Foreign Partnership and Certain Foreign Corporations.
    Description: (REG-124069-02) Treasury Regulation Sec.  1.6038-3 
requires certain United States persons who own interests in controlled 
foreign partnerships to annually report information to the IRS on Form 
8865. This regulation amends the reporting rules under Treasury 
Regulation section Sec.  1.6038-e to provide that a U.S. person must 
follow the filing requirements that are specified in the instructions 
for Form 8865 when the U.S. person must file Form 8865 and the foreign 
partnership completes and files Form 1065 or Form 1065-B.
    (REG-118966-97) Section 6038 requires certain U.S. persons who own 
interest in controlled foreign partnerships or certain foreign 
corporations to annually report information to the IRS. This regulation

[[Page 10309]]

provides reporting rules to identify foreign partnerships and foreign 
corporations which are controlled by U.S. persons.
    Respondents: Business or other for-profit, Individual or 
households.
    Estimated Number of Respondents/Recordkeepers: 500.
    Estimated Burden Hours Per Respondent/Recordkeeper: 30 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 250 hours.

    OMB Number: 1545-1806.
    Form Number: IRS Form 8883.
    Type of Review: Revision.
    Title: Asset Allocation Statement Under 338.
    Description: Form 8883 is used to report information regarding 
transactions involving the deemed sale of corporate assets under 
section 338.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 201.
    Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--16 hr., 44 min.
    Learning about the law or the form--3 hr., 40 min.
    Preparing and sending the form to the IRS--4 hr., 6 min.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 4,929 hours.

    OMB Number: 1545-1808.
    Form Number: IRS Form 8887.
    Type of Review: Extension.
    Title: Health Insurance Credit Eligibility Certificate.
    Description: Form 8887 is used to notify a TAA (trade adjustment 
assistance), alternative TAA, or PBGC (Pension Benefit Guaranty 
Corporation) recipient that they may qualify for the health insurance 
credit on Form 8885.
    Respondents: State, Local or Tribal Government, Individual or 
households.
    Estimated Number of Respondents/Recordkeepers: 300,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--6 min.
    Learning about the law or the form--2 min.
    Preparing the form--5 min.
    Copying, assembling, and sending the form to the IRS--10 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 123,000 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.

Lois K. Holland,
Treasury PRA Clearance Officer.
[FR Doc. 03-5019 Filed 3-3-03; 8:45 am]
BILLING CODE 4830-01-P