[Federal Register Volume 69, Number 217 (Wednesday, November 10, 2004)]
[Notices]
[Page 65246]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-25050]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 2, 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, Pub. L. 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 December 10, 
2004 to be assured of consideration.
    Internal Revenue Service (IRS)
    OMB Number: 1545-1631.
    Regulation Project Number: REG-209619-93 NPRM.
    Type of Review: Extension.
    Title: Escrow Funds and Other Similar Funds.
    Description: Section 468B(g) requires that income earned on escrow 
accounts, settlement funds, and similar funds be subject to current 
taxation. This section authorizes the Secretary to issue regulations 
providing for the current taxation of these accounts and funds as 
grantor trusts or otherwise. The proposed regulations would amend the 
final regulations for qualified settlement funds (QFSs) and would 
provide new rules for qualified escrows and qualified trusts used in 
deferred section 1031 exchanges; pre-closing escrows; contingent at-
closing escrows; and disputed ownership funds.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, Federal Government, State, 
local or tribal government.
    Estimated Number of Respondents: 9,300.
    Estimated Burden Hours Respondent: 30 minutes.
    Frequency of response: On occasion.
    Estimated Total Reporting Burden: 4,650 hours.
    OMB Number: 1545-1889.
    Notice Number: Notice 2004-59.
    Type of Review: Extension.
    Title: Plan Amendments Following Election of Alternative Deficit 
Reduction Contribution.
    Description: This notice sets forth answers to certain questions 
raised by the public when there is an amendment to an election to take 
advantage of the alternative deficit reduction contribution described 
in Pub. L. 108-218. The notice requires of what are designated as 
restricted amendments.
    Respondents: Business or other for-profit, Not-for-profit 
institutions.
    Estimated Number of Respondents: 100.
    Estimated Burden Hours Respondent: 4 hours.
    Frequency of response: On occasion.
    Estimated Total Reporting Burden: 400 hours.
    Clearance Officer: R. Joseph Durbala, (202) 622-3634, Internal 
Revenue Service, Room 6516, 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. 04-25050 Filed 11-9-04; 8:45 am]
BILLING CODE 4830-01-P