[Federal Register Volume 65, Number 106 (Thursday, June 1, 2000)]
[Notices]
[Page 35157]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-13688]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

May 25, 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 July 3, 2000, 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0184.
    Form Number: IRS Form 4797.
    Type of Review: Extension.
    Title: Sales of Business Property.
    Description: Form 4797 is used by taxpayers to report sales, 
exchanges, or involuntary conversions of assets, other than capital 
assets and involuntary conversions of capital assets held more than one 
year. It is also used to compute ordinary income from recapture and the 
recapture of prior year section 1231 losses.
    Respondents: Individual or households, Business or other for-
profit.
    Estimated Number of Respondents/Recordkeepers: 1,396,388.
    Estimated Burden Hours Per Respondent/Recordkeeper:

------------------------------------------------------------------------
 
------------------------------------------------------------------------
Recordkeeping.............................  33 hr., 14 min.
Learning about the law or the form........  7 hr., 39 min.
Preparing the form........................  8 hr., 3 min.
------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 69,009,495 hours.

    OMB Number: 1545-1008.
    Form Number: IRS Form 8582.
    Type of Review: Revision.
    Title: Passive Activity Loss Limitations.
    Description: Under Internal Revenue Code section 469, losses from 
passive activities, to the extent that they exceed income from passive 
activities, cannot be deducted against nonpassive income. Form 8582 is 
used to figure the passive activity loss allowed and the loss to be 
reported on the tax return.
    Respondents: Business or other for-profit, Individuals or 
households, Farms.
    Estimated Number of Respondents/Recordkeepers: 3,622,282.
    Estimated Burden Hours Per Respondent/Recordkeeper:

------------------------------------------------------------------------
 
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Recordkeeping.............................  1 hr., 5 min.
Learning about the law or the form........  1 hr., 43 min.
Preparing the form........................  1 hr., 31 min.
Copying, assembling, and sending the form   20 min.
 to the IRS.
------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 17,254,834 hours.

    OMB Number: 1545-1065.
    Form Number: IRS Form 9003.
    Type of Review: Extension .
    Title: Additional Questions to be Completed by All Applicants for 
Permanent Residence in the United States.
    Description: Form 9003 is used by the State Department and the 
Immigration and Naturalization Service to gather certain additional 
information from ``green card'' applicants for the IRS as required by 
section 6039E of the Internal Revenue Code of 1986. The answers are 
transcribed into a database for IRS computer processing.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 933,000.
    Estimated Burden Hours Per Respondent: 5 minutes.
    Frequency of Response: Other (When applying for green card).
    Estimated Total Reporting Burden: 77,750 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. 00-13688 Filed 5-31-00; 8:45 am]
BILLING CODE 4830-01-U