Federal Register / Vol. 62, No. 159 / Monday, August 18, 1997 / Notices 44033

money laundering, tax violations, fraud,

and other financial crimes.

FinCEN has requested that a different

OMB Control Number be assigned for

this collection requirement than the

OMB Control Number assigned for

Treasury Form TD F 90–22.47,

Suspicious Activity Report, which is

applicable to banks and other

depository institutions. This will

facilitate FinCEN’s oversight over its

BSA information collection

requirements by obtaining a unique

OMB Control Number for each specific

form.

In accordance with requirements of

the Paperwork Reduction Act of 1995,

44 U.S.C. 3506(c)(2)(A), and its

implementing regulations, 5 CFR part

1320, the following information

concerning the collection of information

on Treasury Form TD F 90–22.49, is

presented to assist those persons

wishing to comment on the information

collection.

Title: Suspicious Activity Report by

Casinos (‘‘SARC’’).

Form Number: Treasury Form TD F

90–22.49.

OMB Number: To be assigned.

Description of Respondents: Initially,

all Nevada casinos, with gross annual

gaming revenue in excess of $10 million

and having an annual table games

statistical win in excess of $2 million.

Estimated Number of Respondents:

94.

Estimated Number of Annual

Responses: 1,700.

Frequency: As required.

Estimate of Burden: Reporting average

of 31 minutes per response;

recordkeeping average of 5 minutes per

response. No regulatory burden is

imposed by federal regulation in this

case because state regulation imposes

the regulatory burden.

Estimate of Total Annual Burden on

Respondents: Reporting burden estimate

= 878 hours; recordkeeping burden

estimate = 142 hours. Estimated

combined total of 1,020 hours.

Estimate of Total Annual Cost to

Respondents for Hour Burdens: Based

on $20 per hour, the total cost to the

public is estimated to be $20,400.

Estimate of Total Other Annual Costs

to Respondents: None.

Type of Request: New information

collection.

Request for Comments

FinCEN specifically invites comments

on the following subjects: (a) Whether

the proposed collection of information

is necessary for the proper performance

of the mission of FinCEN, including

whether the information shall have

practical utility; (b) the accuracy of

FinCEN’s estimate of the burden of the

proposed collection of information; (c)

ways to enhance the quality, utility, and

clarity of the information to be

collected; and (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.

In addition, the Paperwork Reduction

Act of 1995 requires agencies to

estimate the total annual cost burden to

respondents or recordkeepers resulting

from the collection of information.

Thus, FinCEN also specifically requests

comments to assist with this estimate. In

this connection, FinCEN requests

commenters to identify any additional

costs associated with the completion of

the form. These comments on costs

should be divided into two parts: (1)

Any additional costs associated with

reporting; and (2) any additional costs

associated with recordkeeping.

Responses to the questions posed by

this notice will be summarized and

included in the request for Office of

Management and Budget approval. All

comments will become a matter of

public record.

Dated: August 12, 1997.

Stanley E. Morris,

Director, Financial Crimes Enforcement

Network.

[FR Doc. 97–21815 Filed 8–15–97; 8:45 am]

BILLING CODE 4820–03–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[IA–56–87 and IA–53–87]

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, Pub.

L. 104–13 (44 U.S.C. 3506(c)(2)(A)).

Currently, the IRS is soliciting

comments concerning an existing final

regulation, IA–56–87 and IA–53–87 (TD

8416), Minimum Tax—Tax Benefit Rule

(§§ 1.58–9(c)(5)(iii)(B), and 1.58–9(e)(3)).

DATES: Written comments should be

received on or before October 17, 1997

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the information collection

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5569, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Minimum Tax—Tax Benefit

Rule.

OMB Number: 1545–1093.

Regulation Project Number: IA–56–87

and IA–53–87.

Abstract: Section 58(h) of the Internal

Revenue Code provides that the

Secretary of the Treasury shall prescribe

regulations that adjust tax preference

items where such items provided no tax

benefit for any taxable year. This

regulation provides guidance for

situations where tax preference items

did not result in a tax benefit because

of available credits and describes how to

claim a credit or refund of minimum tax

paid on such preferences.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

200.

Estimated Time Per Respondent: 12

minutes.

Estimated Total Annual Burden

Hours: 40.

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
44034 Federal Register / Vol. 62, No. 159 / Monday, August 18, 1997 / Notices

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: August 12, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–21830 Filed 8–15–97; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[LR–311–81]

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, Pub.

L. 104–13 (44 U.S.C. 3506(c)(2)(A)).

Currently, the IRS is soliciting

comments concerning an existing final

regulation, LR–311–81 (T.D. 7925),

Penalties for Underpayment of Deposits

and Overstated Deposit Claims, and

Time For Filing Information Returns of

Owners, Officers and Directors of

Foreign Corporations (§§ 1.6046–1,

301.6656–1, and 301.6656–2).

DATES: Written comments should be

received on or before October 17, 1997

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the information collection

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5569, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Penalties for Underpayment of

Deposits and Overstated Deposit Claims,

and Time For Filing Information

Returns of Owners, Officers and

Directors of Foreign Corporations.

OMB Number: 1545–0794.

Regulation Project Number: LR–311–

81.

Abstract: These regulations relate to

the penalty for underpayment of

deposits and the penalty for overstated

deposit claims, and to the time for filing

information returns of owners, officers

and directors of foreign corporations.

Internal Revenue Code section 6046

requires information returns with

respect to certain foreign corporations,

and the regulations provide the date by

which these returns must be filed. Code

section 6656 provides penalties with

respect to failure to properly satisfy tax

deposit obligations, and the regulations

provide the method for applying for

relief from these penalties.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals or

households, and business or other forprofit organizations.

Estimated Number of Respondents:

60,000.

Estimated Time Per Respondent: 30

minutes.

Estimated Total Annual Burden

Hours: 30,000.

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 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: August 12, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–21831 Filed 8–15–97; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG–208165–91; REG–209035–86]

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, Pub.

L. 104–13 (44 U.S.C. 3506(c)(2)(A)).

Currently, the IRS is soliciting

comments concerning an existing notice

of proposed rulemaking, REG–208165–

91 (formerly INTL–54–91) and REG–

209035–86 (formerly INTL–178–86),

Transfers of Stock on Securities by U.S.

Persons to Foreign Corporations, and

Foreign Liquidations and

Reorganizations (§§ 1.367(a) and

1.367(b)).

DATES: Written comments should be

received on or before October 17, 1997

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the information collection

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5569, 1111 Constitution

Avenue NW., Washington, DC 20224.