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 June 12, 2000 to be assured of consideration. 

## Internal Revenue Service (IRS) 

*OMB Number:*                     1545-0805.                 

*Form Number:*                     IRS Form 5472.                 

*Type of Review:*                     Extension.                 

*Title:*                     Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business.                 

*Description:*                     Form 5472 is used to report information transactions between a U.S. corporation that is 25% foreign owned or a foreign corporation that is engaged in a U.S. trade or business and related foreign parties. The IRA uses Form 5472 to determine if inventory or other costs deducted by the U.S. or foreign corporation are correct.                 

*Respondents:*                     Business or other for-profit.                 

*Estimated Number of Respondents/Recordkeepers:*                     75,000.                 

*Estimated Burden Hours Per Respondent/Recordkeeper:*

Recordkeeping—17 hr., 42 min.

Learning about the law or the form—3 hr., 5 min.

Preparing and sending the form to the IRS—3 hr., 30 min.

*Frequency of Response:*                     Annually.                           ( print page 30476)    

*Estimated Total Reporting/Recordkeeping Burden:*                     1,821,000  hours.                

*OMB Number:*                     1545-1682.                 

*Form Number:*                     None.                 

*Type of Review:*                     Extension.                 

*Title:*                     Return-Free Tax Filing System Focus Group Interviews.                 

*Description:*                     As required by the IRS Restructuring and Reform Act of 1998, the IRS will be reporting to Congress annually on its progress in developing a Return-Free Tax Filing System. The purpose of these focus groups is to collect information to accurately and objectively establish a benchmark of current levels of taxpayer acceptance and potential use of a Return-Free Tax System. The focus groups would also provide the IRS with information to be used in marketing and communications efforts related to Return-Free. Such a system may eliminate the need for taxpayer-initiated filing with the IRS, even electronic filing.                 

*Respondents:*                     Individuals or households.                 

*Estimated Number of Respondents:*                     480.                 

*Estimated Burden Hours Per Respondent:*                     2 hours, 30 minutes.                 

*Frequency of Response:*                     Other (one-time only).                 

*Estimated Total Reporting Burden:*                     160 hours.                 

*OMB Number:*                     1545-1684.                 

*Form Number:*                     None.                 

*Type of Review:*                     Extension.                 

*Title:*                     Pre-Filing Agreements Pilot Program.                 

*Description:*                     Notice 2000-12 describes a pilot program under which certain large business taxpayers may request examination and resolution of a specific issues relating to tax returns they expect to file between September and December, 2000. The resolution of such issues under the pilot program will be memorialized by a type of closing agreement under Code section 7121 called a pre-filing agreement.                 

*Respondents:*                     Business or other for-profit.                 

*Estimated Number of Respondents/Recordkeepers:*                     24.                 

*Estimated Burden Hours Per Respondent/Recordkeeper:*                     40 hours, 17 minutes.                 

*Frequency of Response:*                     On occasion.                 

*Estimated Total Reporting/Recordkeeping Burden:*                     967 hours.                 

*Clearance Officer:*                     Garrick Shear, Internal Revenue Service, Room 5244, 1111 Constitution Avenue, NW, Washington, DC 20224.                 

*OMB Reviewer:*                     Alexander T. Hunt, (202) 395-7860, Office of Management and Budget, Room 10202, New Executive Office Building, Washington, DC 20503.                 

Lois K. Holland, 

Departmental Reports Management Officer. 

[FR Doc. 00-11754 Filed 5-10-00; 8:45 am] 

BILLING CODE 4830-01-P