3272 Federal Register / Vol. 65, No. 13 / Thursday, January 20, 2000 / Notices

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

8865, Return of U.S. Persons With

Respect to Certain Foreign Partnerships.

DATES: Written comments should be

received on or before March 20, 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(s) 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: Return of U.S. Persons With

Respect to Certain Foreign Partnerships.

OMB Number: 1545–1668.

Form Number: 8865.

Abstract: The Taxpayer Relief Act of

1997 significantly modified the

information reporting requirements with

respect to foreign partnerships. The Act

made the following three changes:

(1) Expanded Code section 6038B to

require U.S. persons transferring

property to foreign partnerships in

certain transactions to report those

transfers; (2) expanded Code section

6038 to require certain U.S. partners of

controlled foreign partnerships to report

information about the partnerships; and

(3) modified the reporting required

under Code section 6046A with respect

to acquisitions and dispositions of

foreign partnership interests. Form 8865

will be used by U.S. persons to fulfill

their reporting obligations under Code

sections 6038B, 6038, and 6046A.

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, individuals, and

not-for-profit institutions.

Estimated Number of Respondents:

5,000.

Estimated Time Per Respondent: 30

hours, 48 minutes.

Estimated Total Annual Burden

Hours: 154,015.

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: January 6, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–1385 Filed 1–19–00; 8:45 am]

BILLIING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[INTL–656–87]

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, INTL–656–87

(TD 8701), Treatment of Shareholders of

Certain Passive Foreign Investment

Companies (§§ 1.1291–9(d) and 1.1291–

10(d)).

DATES: Written comments should be

received on or before March 20, 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: Treatment of Shareholders of

Certain Passive Foreign Investment

Companies.

OMB Number: 1545–1507.

Regulation Project Number: INTL–

656–87.

Abstract: The reporting requirements

affect United States persons that are

direct and indirect shareholders of

passive foreign investment companies

(PFICs). The requirements enable the

Internal Revenue Service to identify

PFICs, United States shareholders, and

transactions subject to PFIC taxation

and verify income inclusions, excess

distributions, and deferred tax amounts.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals, business

or other for-profit organizations, and

not-for-profit institutions.

Estimated Number of Respondents:

131,250.

Estimated Time Per Respondent: 46

minutes.

Estimated Total Annual Burden

Hours: 100,000.

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

Federal Register / Vol. 65, No. 13 / Thursday, January 20, 2000 / Notices 3273

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: January 10, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–1386 Filed 1–19–00; 8:45 am]

BILLIING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Revenue Procedure 96–60

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

Revenue Procedure 96–60, Procedure

for filing Forms W–2 in certain

acquisitions.

DATES: Written comments should be

received on or before March 20, 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 revenue procedure 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: Procedure for filing Forms W–

2 in certain acquisitions.

OMB Number: 1545–1510.

Abstract: The information is required

by the Internal Revenue Service to assist

predecessor and successor employers in

complying with the reporting

requirements under Internal Revenue

Code sections 6051 and 6011 for Forms

W–2 and 941.

Current Actions: There are no changes

being made to the revenue procedure at

this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

553,500.

Estimated Time Per Respondent: 12

minutes.

Estimated Total Annual Burden

Hours: 110,700.

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: December 28, 1999.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–1387 Filed 1–19–00; 8:45 am]

BILLIING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Open Meeting of Citizen Advocacy

Panel, Brooklyn District

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice.

SUMMARY: An open meeting of the

Brooklyn District Citizen Advocacy

Panel will be held in Brooklyn, New

York.

DATES: The meeting will be held Friday

February 25, 2000.

FOR FURTHER INFORMATION CONTACT:

Eileen Cain at 1–888–912–1227 or 718–

488–3555.

SUPPLEMENTARY INFORMATION: Notice is

hereby given pursuant to Section

10(a)(2) of the Federal Advisory

Committee Act, 5 U.S.C. App. (1988)

that an operational meeting of the

Citizen Advocacy Panel will be held

Friday, February 25, 2000, 6:00 p.m. to

9:00 p.m. at the Internal Revenue

Service Brooklyn Building located at

625 Fulton Street, NY 11201.

For more information or to confirm

attendance, notification of intent to

attend the meeting must be made with

Eileen Cain. Mrs. Cain can be reached

at 1–888–912–1227 or 718–488–3555.

The public is invited to make oral

comments from 6:00 p.m. to 6:30 p.m.

on Friday, February 25, 2000.

Individual comments will be limited

to 5 minutes. If you would like to have

the CAP consider a written statement,

please call 1–888–912–1227 or 718–

488–3555, or write Eileen Cain, CAP

Office, P.O. Box R, Brooklyn, NY 11201.

The Agenda will include the following:

various IRS issues. Note: Last minute

changes to the agenda are possible and

could prevent effective advance notice.

Dated: January 7, 2000.

Cathy VanHorn,

Chief, CAP & Communications.

[FR Doc. 00–1388 Filed 1–19–00; 8:45 am]

BILLIING CODE 4830–01–P