[Federal Register Volume 71, Number 7 (Wednesday, January 11, 2006)]
[Notices]
[Page 1791]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-152]



[[Page 1791]]

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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

January 5, 2006.
    The Department of the 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 February 10, 
2006, to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0913.
    Type of Review: Extension.
    Title: Below-Market Loans FI-165-84 (NPRM).
    Description: Section 7872 recharacterizes a below market loan as a 
market rate loan and an additional transfer by the lender to the 
borrower equal to the amount of imputed interest. The regulation 
requires both the lender and the borrower to attach a statement to 
their respective income tax returns for years in which they have either 
imputed income or claim imputed deduction under section 7872.
    Respondents: Business or other for-profit and Individuals or 
households.
    Estimated Total Burden Hours: 481,722 hours.

    OMB Number: 1545-1018.
    Type of Review: Extension.
    Title: FI-27-89 (Temporary and Final) Real Estate Mortgage 
Investment Conduits; Reporting Requirements and Other Administrative 
Matters; FI-61-91 (Final) Allocation of Allocable Investment Expense; 
Original Issue Discount Reporting Requirements.
    Description: The regulations prescribe the manner in which an 
entity elects to be taxed as a real estate mortgage investment conduit 
(REMIC) and the filing requirements for REMICs and certain brokers.
    Respondents: Business or other for-profit.
    Estimated Total Burden Hours: 978 hours.

    OMB Number: 1545-1685.
    Type of Review: Extension.
    Title: REG-103735-00--REG 155303-03 (Final) Tax Shelter Disclosure 
Statements.
    Description: These regulations provide guidance on the filing 
requirement under section 6011 for certain corporate taxpayers engaged 
in transactions producing tax savings in excess certain dollar 
thresholds.
    Respondents: Business or other for-profit and Individuals or 
households.
    Estimated Total Burden Hours: 1 hour.

    OMB Number: 1545-1964.
    Type of Review: Extension.
    Title: Interview and Intake Sheet.
    Form: IRS form 13614.
    Description: The SPEC function developed the Form 13614 that 
contains a standardized list of required intake questions to guide 
volunteers in asking taxpayers basic questions about themselves. The 
intake sheet is an effective tool for ensuring critical taxpayer 
information is obtained and applied during the interview process.
    Respondents: Business or other for-profit, Individuals or 
households and Not-for-profit institutions.
    Estimated Total Burden Hours: 211,210 hours.
    Clearance Officer: Glenn P. Kirkland, Internal Revenue Service, 
Room 6516,1111 Constitution Avenue, NW.,Washington, DC 20224, (202) 
622-3428.
    OMB Reviewer: Alexander T. Hunt, Office of Management and Budget, 
Room 10235, New Executive Office Building,Washington, DC 20503, (202) 
395-7316.

Michael A. Robinson,
Treasury PRA Clearance Officer.
[FR Doc. E6-152 Filed 1-10-06; 8:45 am]
BILLING CODE 4830-01-P