Federal Register / Vol. 62, No. 182 / Friday, September 19, 1997 / Notices 49297

Service, room 5569, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Revenue Procedure 97–43,

Procedures for Electing Out of

Exemptions Under Section 1.475(c)–1,

and Revenue Ruling 97–39, Mark to

Market Accounting Method for Dealers

in Securities.

OMB Number: 1545–1558.

Revenue Procedure Number: Revenue

Procedure 97–43.

Revenue Ruling Number: Revenue

Ruling 97–39.

Abstract: Revenue Procedure 97–43

provides taxpayers automatic consent to

change to mark-to-market accounting for

securities after the taxpayer elects under

regulation section 1.475(c)–1, subject to

certain terms and conditions. Revenue

Ruling 97–39 provides taxpayers

additional mark-to-market guidance

under section 475 of the Internal

Revenue Code.

Current Actions: There are no changes

being made to the revenue procedure or

revenue ruling at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

20,000.

Estimated Time Per Respondent: 27

hours, 30 minutes.

Estimated Total Annual Burden

Hours: 550,000.

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: September 11, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–24999 Filed 9–18–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 2063

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 Form 2063, U.S.

Departing Alien Income Tax Statement.

DATES: Written comments should be

received on or before November 18,

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 form and instructions

should be directed to Martha R. Brinson,

(202) 622–3869, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: U.S. Departing Alien Income

Tax Statement.

OMB Number: 1545–0138.

Form Number: 2063.

Abstract: Form 2063 is used by a

departing resident alien against whom a

termination assessment has not been

made, or a departing nonresident alien

who has no taxable income from United

States sources, to certify that they have

satisfied all U.S. income tax obligations.

The data is used by the IRS to certify

that departing aliens have complied

with U.S. income tax laws.

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: Individuals or

households.

Estimated Number of Respondents:

20,540.

Estimated Time Per Respondent: 54

min.

Estimated Total Annual Burden

Hours: 18,691.

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: September 9, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–25000 Filed 9–18–97; 8:45 am]

BILLING CODE 4830–01–U