[Federal Register Volume 70, Number 130 (Friday, July 8, 2005)]
[Notices]
[Page 39546]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-13440]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

June 29, 2005.
    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 8, 
2005 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1139.
    Regulation Project Number: PS-264-82 Final.
    Type of Review: Extension.
    Title: Adjustments to Basis of Stock and Indebtedness to 
Shareholders of S Corporations and Treatment of Distributions by S 
Corporations to Shareholders.
    Description: The regulations provide the procedures and the 
statements to be filed by S corporations for making the election 
provided under section 1368, and by shareholders who choose to reorder 
items that decrease their basis. Statements required to be filled will 
be used to verify that taxpayers are complying with the requirements 
imposed by Congress.
    Respondents: Business and other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 2,000.
    Estimated Burden Hours Respondent: 6 minutes.
    Frequency of Response: On occasion, Annually.
    Estimated Total Reporting Burden: 200 hours.

    OMB Number: 1545-1491.
    Regulation Project Number: REG-209798-95 Final.
    Type of Review: Extension.
    Title: Amortizable Bond Premium.
    Description: The information requested is necessary for the Service 
to determine whether a holder of a bond has elected to amortize bond 
premium and to determine whether an issuer or a holder has changed its 
method of accounting for premium.
    Respondents: Individuals or households. Business and other for-
profit.
    Estimated Number of Respondents: 10,000.
    Estimated Burden Hours Respondent: 29 minutes.
    Frequency of Response: Other (once).
    Estimated Total Reporting Burden: 7,500 hours.
    Clearance Officer: Glenn P. Kirkland (202) 622-3428, Internal 
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.
    OMB Reviewer: Alexander T. Hunt (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. 05-13440 Filed 7-7-05; 8:45 am]
BILLING CODE 4830-01-P