Federal Register / Vol. 65, No. 84 / Monday, May 1, 2000 / Notices 25429

included in the request for OMB

approval. All comments will become a

matter of public record. Comments are

invited on: (a) Whether the collection of

information is necessary for the proper

performance of the functions of the

agency, including whether the

information shall have practical utility;

(b) the accuracy of the agency’s estimate

of the burden of the collection of

information; (c) ways to enhance the

quality, utility, and clarity of the

information to be collected; (d) ways to

minimize the burden of the collection of

information on respondents, including

through the use of automated collection

techniques or other forms of information

technology; and (e) estimates of capital

or start-up costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: April 12, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–10826 Filed 4–28–00; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Forms 5712 and 5712–A

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice and request for

comments.

SUMMARY: The Department of the

Treasury, as part of its continuing effort

to reduce paperwork and respondent

burden, invites the general public and

other Federal agencies to take this

opportunity to comment on proposed

and/or continuing information

collections, as required by the

Paperwork Reduction Act of 1995,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the IRS is

soliciting comments concerning Form

5712, Election To Be Treated as a

Possessions Corporation Under Section

936, and Form 5712–A, Election and

Verification of the Cost Sharing or Profit

Split Method Under Section 936(h)(5).

DATES: Written comments should be

received on or before June 30, 2000 to

be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the forms and instructions

should be directed to Martha R. Brinson,

(202) 622–3869, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Election To Be Treated as a

Possessions Corporation Under Section

936 (Form 5712), and Election and

Verification of the Cost Sharing or Profit

Split Method Under Section 936(h)(5)

(Form 5712–A).

OMB Number: 1545–0215.

Form Number: Forms 5712 and 5712–

A.

Abstract: Domestic corporations may

elect to be treated as possessions

corporations on Form 5712. This

election allows the corporation to take

a tax credit. Possession corporations

may elect on Form 5712–A to share

their taxable income with their affiliates

under Internal Revenue Code section

936(h)(5). These forms are used by the

IRS to ascertain if corporations are

entitled to the credit and if they may

share their taxable income with their

affiliates.

Current Actions: There are no changes

being made to the forms at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

2,600.

Estimated Time Per Respondent: 6

hrs., 35 min.

Estimated Total Annual Burden

Hours: 17,132.

The following paragraph applies to all

of the collections of information covered

by this notice:

An agency may not conduct or

sponsor, and a person is not required to

respond to, a collection of information

unless the collection of information

displays a valid OMB control number.

Books or records relating to a collection

of information must be retained as long

as their contents may become material

in the administration of any internal

revenue law. Generally, tax returns and

tax return information are confidential,

as required by 26 U.S.C. 6103.

Request for Comments

Comments submitted in response to

this notice will be summarized and/or

included in the request for OMB

approval. All comments will become a

matter of public record. Comments are

invited on: (a) Whether the collection of

information is necessary for the proper

performance of the functions of the

agency, including whether the

information shall have practical utility;

(b) the accuracy of the agency’s estimate

of the burden of the collection of

information; (c) ways to enhance the

quality, utility, and clarity of the

information to be collected; (d) ways to

minimize the burden of the collection of

information on respondents, including

through the use of automated collection

techniques or other forms of information

technology; and (e) estimates of capital

or start-up costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: April 12, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–10827 Filed 4–28–00; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[PS–79–93]

Proposed Collection; Comment

Request For Regulation Project

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice and request for

comments.

SUMMARY: The Department of the

Treasury, as part of its continuing effort

to reduce paperwork and respondent

burden, invites the general public and

other Federal agencies to take this

opportunity to comment on proposed

and/or continuing information

collections, as required by the

Paperwork Reduction Act of 1995,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the IRS is

soliciting comments concerning an

existing final regulation, PS–79–93 (TD

8633), Grantor Trust Reporting

Requirements (§ 1.671–4).

DATES: Written comments should be

received on or before June 30, 2000 to

be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of this regulation should be

directed to Faye Bruce, (202) 622–6665,

Internal Revenue Service, room 5244,

1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Grantor Trust Reporting

Requirements.

OMB Number: 1545–1442.

Regulation Project Number: PS–79–

93.

Abstract: The information required by

these regulations is used by the Internal

Revenue Service to ensure that items of

income, deduction, and credit of a trust