26660 Federal Register / Vol. 65, No. 89 / Monday, May 8, 2000 / Notices

DATES: Written comments should be

received on or before July 7, 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 information collection

should be directed to Faye Bruce, (202)

622–6665, Internal Revenue Service,

room 5244, 1111 Constitution Avenue

NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION: Title:

Required Distributions from Qualified

Plans and Individual Retirement Plans.

OMB Number: 1545–0996.

Notice Number: EE–113–82.

Abstract: This regulation provides

rules regarding the minimum

distribution requirements applicable to

any annuity contract, custodial account,

or retirement income account described

in Internal Revenue Code section 403(b).

The minimum distribution rules do not

apply to benefits accrued before January

1, 1987.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of a

currently approved collection.

Affected Public: Not-for-profit

institutions, and state, local, or tribal

governments.

Estimated Number of Respondents:

8,400.

Estimated Time Per Respondent: 1

hour.

Estimated Total Annual Burden

Hours: 8,400.

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 26, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–11344 Filed 5–5–00; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 4972

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

4972, Tax on Lump-Sum Distributions

(From Qualified Retirement Plans of

Plan Participants Born Before 1936).

DATES: Written comments should be

received on or before July 7, 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 form and instructions

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5242, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Tax on Lump-Sum Distributions

(From Qualified Retirement Plans of

Plan Participants Born Before 1936).

OMB Number: 1545–0193.

Form Number: 4972.

Abstract: Internal Revenue Code

section 402(e) and regulation section

1.402(e) allow recipients of lump-sum

distributions from a qualified retirement

plan to figure the tax separately on the

distributions. The tax can be computed

on the 10 year averaging method and/or

by a special capital gain method. Form

4972 is used to compute the separate tax

and to make a special 20 percent capital

gain election on lump-sum distributions

attributable to pre-1974 participation.

Current Actions: The Small Business

Job Protection Act of 1996 repealed the

5-year averaging method for lump-sum

distributions from qualified plans,

effective for taxable years beginning

after December 31, 1999. Thus, the Act

repeals the separate tax paid on a lumpsum distribution and also repeals the

deduction from gross income for

taxpayers who elect to pay the separate

tax on a lump-sum distribution.

Therefore, lines 23–29 and line 37 in

Part III of Form 4972 were deleted.

Type of Review: Revision of a

currently approved collection.

Affected Public: Individuals or

households.

Estimated Number of Responses:

35,000.

Estimated Time Per Respondent: 2

hours, 44 minutes.

Estimated Total Annual Burden

Hours: 95,550.

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

Federal Register / Vol. 65, No. 89 / Monday, May 8, 2000 / Notices 26661

or start-up costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: May 1, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–11472 Filed 5–5–00; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF VETERANS

AFFAIRS

[OMB Control No. 2900–0025]

Proposed Information Collection

Activity: Proposed Collection;

Comment Request

AGENCY: Office of Information and

Technology, Department of Veterans

Affairs.

ACTION: Notice.

SUMMARY: The Office of Information and

Technology (IT), Department of

Veterans Affairs (VA), is announcing an

opportunity for public comment on the

proposed collection of certain

information by the agency. Under the

Paperwork Reduction Act (PRA) of

1995, Federal agencies are required to

publish notice in the Federal Register

concerning each proposed collection of

information, including each proposed

extension of a previously approved

collection, and allow 60 days for public

comment in response to the notice. This

notice solicits comments for information

needed for an individual to provide a

written consent to release his/her

records or information to a third party.

DATES: Written comments and

recommendations on the proposed

collection of information should be

received on or before July 7, 2000.

ADDRESSES: Submit written comments

on the collection of information to

Barbara Epps (045A4), Department of

Veterans Affairs, 810 Vermont Avenue,

NW., Washington, DC 20420. Please

refer to ‘‘OMB Control No. 2900–0025’’

in any correspondence.

FOR FURTHER INFORMATION CONTACT:

Barbara Epps at (202) 273–8013 or FAX

(202) 273–5981.

SUPPLEMENTARY INFORMATION: Under the

PRA of 1995 (Public Law 104–13; 44

U.S.C., 3501–3520), Federal agencies

must obtain approval from the Office of

Management and Budget (OMB) for each

collection of information they conduct

or sponsor. This request for comment is

being made pursuant to Section

3506(c)(2)(A) of the PRA.

With respect to the following

collection of information, IT invites

comments on: (1) Whether the proposed

collection of information is necessary

for the proper performance of IT’s

functions, including whether the

information will have practical utility;

(2) the accuracy of IT’s estimate of the

burden of the proposed collection of

information; (3) ways to enhance the

quality, utility, and clarity of the

information to be collected; and (4)

ways to minimize the burden of the

collection of information on

respondents, including through the use

of automated collection techniques or

the use of other forms of information

technology.

Title: Request for and Consent to

Release of Information From Claimant’s

Records, VA Form 3288.

OMB Control Number: 2900–0025.

Type of Review: Extension of a

previously approved collection.

Abstract: The form is completed by

veterans or beneficiaries to provide VA

with a written consent to release records

or information to third parties such as

insurance companies, physicians and

other individuals. Use of the form

ensures an individual gives an informed

written consent for the release of

records or information about himself/

herself that is consistent with the

statutory requirements of the Privacy

Act of 1974 and VA’s confidentiality

statute.

Affected Public: Individuals or

households.

Estimated Annual Burden: 18,875

hours.

Estimated Average Burden Per

Respondent: 7.5 minutes.

Frequency of Response: On occasion.

Estimated Number of Respondents:

151,000.

Dated: April 13, 2000.

By Direction of the Secretary.

Donald L. Neilson,

Director, Information Management Service.

[FR Doc. 00–11377 Filed 5–5–00; 8:45 am]

BILLING CODE 8320–01–P