Document Headings

                    Document headings vary by document type but may contain                    the following:                  
                -                       the agency or agencies that issued and signed a document                    
                -                       the number of the CFR title and the number of each part                      the document amends, proposes to amend, or is directly                      related to                    
                -                       the agency docket number / agency internal file number                    
                -                       the RIN which identifies each regulatory action listed in                      the Unified Agenda of Federal Regulatory and Deregulatory                      Actions                    

                    See the                                          Document Drafting Handbook                                        for more details.                  

###### Department of the Treasury

# 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