[Federal Register Volume 68, Number 129 (Monday, July 7, 2003)]
[Notices]
[Page 40333]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-16992]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

June 26, 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 August 6, 2003 
to be assured of consideration.

Internal Revenue Service

    OMB Number: 1545-0712.
    Form Number: IRS Form 6198.
    Type of Review: Extension.
    Title: Risk Limitations.
    Description: Internal Revenue Code (IRC) section 465 requires 
taxpayers to limit their at-risk loss to the lesser of the loss or 
their amount at risk. Form 6198 is used by taxpayers to determine their 
deductible loss and by IRS to verify the amount deducted.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, Farms.
    Estimated Number of Respondents/Recordkeepers: 185,167.
    Estimated Burden Hours Per Respondent/Recordkeeper:

    Recordkeeping--1 hr., 12 min.

    Learning about the law or the form--1 hr., 0 min.
    Preparing the form--1 hr., 25 min.
    Copying, assembling, and sending the form to the IRS--20 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 735,113 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. 03-16992 Filed 7-3-03; 8:45 am]
BILLING CODE 4830-01-P