[Federal Register Volume 87, Number 246 (Friday, December 23, 2022)]
[Notices]
[Page 79066]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27897]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Superfund; Reverse Like-Kind Exchanges

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice.

DATES: Comments should be received on or before January 23, 2023 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Copies of 
the submissions may be obtained from Melody Braswell by emailing 
[email protected], calling (202) 622-1035, or viewing the entire 
information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    Title: Reverse Like-Kind Exchanges.
    OMB Number: 1545-1701.
    Revenue Procedure Number: 2000-37.
    Abstract: Revenue Procedure 2000-37 provides a safe harbor for 
reverse like-kind exchanges in which a transaction using a ``qualified 
exchange accommodation arrangement'' will qualify for non-recognition 
treatment under section 1031 of the Internal Revenue Code. Revenue 
Procedure 2004-51 modifies sections 1 and 4 of Rev. Proc. 2000-37, 
2000-2 C.B. 308, to provide that Rev. Proc. 2000-37 does not apply if 
the taxpayer owns the property intended to qualify as replacement 
property before initiating a qualified exchange accommodation 
arrangement (QEAA).
    Current Actions: There is no change to the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations, and farms.
    Estimated Number of Respondents: 1,600.
    Estimated Time per Respondent: 2 hours.
    Estimated Total Annual Burden Hours: 3,200 hours.

    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022-27897 Filed 12-22-22; 8:45 am]
BILLING CODE 4830-01-P