[Federal Register Volume 65, Number 98 (Friday, May 19, 2000)]
[Notices]
[Pages 31958-31959]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-12602]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

May 8, 2000.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
2110, 1425 New York Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before June 19, 2000 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1251.
    Regulation Project Number: PS-5-91 Final.
    Type of Review: Extension.
    Title: Limitations on Percentage Depletion in the Case of Oil and 
Gas Wells.
    Description: Section 1.613A-3(e)(6)(I) of the regulations requires 
each partner to separately keep records of the partner's share of the 
adjusted basis of partnership oil and gas property.
    Respondents: Business or other for-profit.
    Estimated Number of Recordkeepers: 1,500,000.
    Estimated Burden Hours Per Recordkeeper: 2 minutes.
    Estimated Total Recordkeeping Burden: 49,950 hours.

    OMB Number: 1545-1545.
    Regulation Project Number: REG-107644-97 Final.
    Type of Review: Extension.
    Title: Permitted Elimination of Preretirement Optional Forms of 
Benefits.
    Description: The regulation permits an amendment to a qualified 
plan that eliminates certain Preretirement optional forms of benefit.
    Respondents: Business or other for-profit.
    Estimated Number of Recordkeepers: 135,000.
    Estimated Burden Hours Per Recordkeeper: 22 minutes.
    Estimated Total Recordkeeping Burden: 48,800 hours.

    OMB Number: 1545-1685.
    Regulation Project Number: REG-103735-00 NPRM and Temporary.
    Type of Review: Extension.
    Title: Tax Shelter Disclosure Statements.
    Description: The regulations provide guidance on the filing 
requirement under section 6011 for certain corporate taxpayers engaged 
in transactions producing tax savings in excess of certain dollar 
thresholds.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 50.

[[Page 31959]]

    Estimated Burden Hours Per Respondent/Recordkeeper: 30 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 25 hours.

    OMB Number: 1545-1686.
    Regulation Project Number: REG-103736-00 NPRM and Temporary.
    Type of Review: Extension.
    Title: Requirement to Maintain List of Investors in Potentially 
Abusive Tax Shelters.
    Description: The regulations provide guidance on the requirement 
under section 6112 to maintain a list of investors in potentially 
abusive tax shelters.
    Respondents: Business or other for-profit.
    Estimated Number of Recordkeepers: 50.
    Estimated Burden Hours Per Recordkeeper: 2 hours, 2 minutes.
    Estimated Total Recordkeeping Burden: 102 hours.

    OMB Number: 1545-1687.
    Regulation Project Number: REG-110311-98 NPRM and Temporary.
    Type of Review: Extension.
    Title: Corporate Tax Shelter Registration.
    Description: The regulations provide the guidance required to 
activate the registration requirements of IRC Sec. 6707 for 
confidential tax shelters described in IRC Sec. 6111(d).
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 4.
    Estimated Burden Hours Per Respondent: 15 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 1 hour.

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. 00-12602 Filed 5-18-00; 8:45 am]
BILLING CODE 4830-01-P