25428 Federal Register / Vol. 65, No. 84 / Monday, May 1, 2000 / Notices

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 8800

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

8800, Application for Additional

Extension of Time To File U.S. Return

for a Partnership, REMIC, or for Certain

Trusts.

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 form 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: Application for Additional

Extension of Time to File U.S. Return

for a Partnership, REMIC, or for Certain

Trusts

OMB Number: 1545–1057

Form Number: Form 8800

Abstract: Form 8800 is used by

partnerships, REMIC, and by certain

trusts to request an additional extension

of time (up to 3 months) to file Form

1065, Form 1041, or Form 1066. Form

8800 contains data needed by the IRS to

determine whether or not a taxpayer

qualifies for such an extension.

Current Actions: There are no changes

being made to the form at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations, and farms.

Estimated Number of Respondents:

20,000.

Estimated Time Per Respondent: 13

min.

Estimated Total Annual Burden

Hours: 4,210.

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. 00–10825 Filed 4–28–00; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 982

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

982, Reduction of Tax Attributes Due to

Discharge of Indebtedness (and Section

1082 Basis Adjustment).

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 form 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: Reduction of Tax Attributes Due

to Discharge of Indebtedness (and

Section 1082 Basis Adjustment).

OMB Number: 1545–0046.

Form Number: Form 982.

Abstract: Internal Revenue Code

section 108 allows taxpayers to exclude

from gross income amounts attributable

to discharge of indebtedness in title 11

cases, insolvency, or a qualified farm

indebtedness. Code section 1081(b)

allows corporations to exclude from

gross income amounts attributable to

certain transfers of property. The data is

used to verify adjustments to basis of

property and reduction of tax attributes.

Current Actions: There are no changes

being made to the form at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations, and individuals.

Estimated Number of Respondents:

1,000.

Estimated Time Per Respondent: 9

hrs., 13 min.

Estimated Total Annual Burden

Hours: 9,610.

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