65734 Federal Register / Vol. 62, No. 240 / Monday, December 15, 1997 / Notices

Approved: December 9, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–32673 Filed 12–12–97; 8:45 am]

BILLING CODE 4810–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Announcement 97–122

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

Announcement 97–122, Interim

Guidance for Roth Individual

Retirement Accounts.

DATES: Written comments should be

received on or before February 13, 1998

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: Interim Guidance for Roth

Individual Retirement Accounts.

OMB Number: 1545–1568.

Announcement Number:

Announcement 97–122.

Abstract: Announcement 97–122

provides interim guidance concerning

the establishment of Roth Individual

Retirement Accounts (described in

section 408A of the Internal Revenue

Code as added by section 302 of the

Taxpayer Relief Act of 1997). The

guidance is directed mainly at banks,

etc., that will market prototype Roth

IRAs to the public.

Current Actions: There are no changes

being made to the announcement at this

time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations, and not-for-profit

institutions.

Estimated Number of Respondents:

4,000.

Estimated Time Per Respondent: 2

hours.

Estimated Total Annual Burden

Hours: 8,000.

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: December 9, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–32674 Filed 12–12–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[EE–178–78]

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, EE–178–78 (TD

7898), Employers’ Qualified Educational

Assistance Programs (§ 1.127–2).

DATES: Written comments should be

received on or before February 13, 1998

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: Employers’ Qualified

Educational Assistance Programs.

OMB Number: 1545–0768.

Regulation Project Number: EE–178–

78.

Abstract: Internal Revenue Code

section 127(a) provides that the gross

income of an employee does not include

amounts paid or expenses incurred by

an employer if furnished to the

employee pursuant to a qualified

educational assistance program. This

regulation requires that a qualified

educational assistance program must be

a separate written plan of the employer

and that employees must be notified of

the availability and terms of the

program. Also, substantiation may be

required to verify that employees are

entitled to exclude from their gross

income amounts paid or expenses

incurred by the employer.

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, and individuals or

households.

Estimated Number of Respondents:

5,200.

Estimated Time Per Respondent: 7

minutes.

Estimated Total Annual Burden

Hours: 615.