[Federal Register Volume 69, Number 150 (Thursday, August 5, 2004)]
[Notices]
[Page 47485]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-17888]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 29, 2004.
    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 September 7, 
2004 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0070.
    Regulation Project Number: PS-163-84 Final.
    Type of Review: Extension.
    Title: Treatment of Transactions Between Partners and Partnerships.
    Description: Section 707(a)(2) provides that if there is a transfer 
of money or property by a partner to a partnership, the transfer will 
be treated, in certain situations, as a disguised sale between the 
partner and the partnership. The regulations provide that the partner 
or the partnership should disclose the transfers and certain attendant 
facts in some situations.
    Respondents: Business of other for-profit.
    Estimated Number of Respondents: 7,500.
    Estimated Burden Hours Respondent: 20 minutes.
    Frequency of response: Annually.
    Estimated Total Reporting Burden: 2,500 hours.
    Clearance Officer: Glenn P. 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. 04-17888 Filed 8-4-04; 8:45 am]
BILLING CODE 4830-01-P