[Federal Register Volume 68, Number 80 (Friday, April 25, 2003)]
[Notices]
[Pages 20430-20431]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-10278]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 17, 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 May 27, 2003 to 
be assured of consideration.

Internal Revenue Service

    OMB Number: 1545-1312.
    Regulation Project Number: INTL 15-91 NPRM.
    Type of Review: Extension.
    Title: Taxation of Gain or Loss from Certain Nonfunctional Currency 
Transactions (Section 988 Transactions).
    Description: Certain taxpayers are allowed to elect a mark to 
market method of accounting for currency gains and losses and to 
integrate certain foreign currency denominated dividend, rent and 
royalty payments with hedges thereof.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 1,500.
    Estimated Burden Hours Per Respondent: 40 minutes.
    Frequency of Response: Other (One-time only).
    Estimated Total Reporting Burden: 1,000 hours.
    OMB Number: 1545-1522.
    Revenue Procedure Number: Revenue Procedures 2003-1 and 2003-3.
    Type of Review: Extension.
    Title: 26 CFR 601.201--Rulings and Determination Letters.
    Description: The information requested in Revenue Procedure 2003-1 
under sections 5.05, 6.07, 8.01, 8.02, 8.03, 8.04, 8.05, 8.07, 9.01, 
10.06, 10.07, 10.09, 11.01, 11.06, 11.07, 12.12, 13.02, 15.02, 15.03, 
15.07, 15.08, 15.09, and 15.11, paragraph (B)(1) of Appendix A, and 
Appendix C, and question 35 of Appendix C, and in Revenue Procedure 
2003-3 under sections 3.01(29), 3.02(1) and (3), 4.01(26), and 4.02(1) 
and (7)(b) is required to enable the Internal Revenue Service to give 
advice on filing letter ruling and determination letter requests and to 
process such requests.
    Respondents: Business or other for-profit, Individuals or 
households, Farms, Federal Government, State, Local or Tribal 
Government.
    Estimated Number of Respondents: 3,800.
    Estimated Burden Hours Per Respondent: 80 hours, 19 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 305,230 hours.
    OMB Number: 1545-1531.
    Notice Number: Notice 97-19 and Notice 98-34.
    Type of Review: Extension.
    Title: Guidance for Expatriates Under Sections 877, 2501, 2107, and 
6039F.
    Description: Notice 97-19 and Notice 98-34 provide guidance for 
individuals affected by amendments to Code sections 877, 2107, and 
2501, as amended by the Health Insurance Portability and Accountability 
Act. These notices also provide guidance on Code section 6039F.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 12,350.
    Estimated Burden Hours Per Respondent: 32 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 6,525 hours.
    Clearance Officer: Glenn Kirkland, (202) 622-3428, Internal Revenue 
Service, Room 6411-03, 1111 Constitution Avenue, NW, Washington, DC 
20224.

[[Page 20431-20999]]

    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. 03-10278 Filed 4-24-03; 8:45 am]
BILLING CODE 4830-01-P