66404 Federal Register / Vol. 62, No. 243 / Thursday, December 18, 1997 / Notices

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

100.

Estimated Time Per Respondents: 2

hours, 3 minutes.

Estimated Total Annual Burden

Hours: 205.

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 10, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–32963 Filed 12–17–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[FI–46–89]

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, FI–46–89 (TD 8641),

Treatment of Acquisition of Certain

Financial Institutions; Certain Tax

Consequences of Federal Financial

Assistance to Financial Institutions

(§§ 1.597-2, 1.597–4, 1.597–6, and

1.597–7).

DATES: Written comments should be

received on or before February 17, 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: Treatment of Acquisition of

Certain Financial Institutions; Certain

Tax Consequences of Federal Financial

Assistance to Financial Institutions.

OMB Number: 1545–1300.

Regulation Project Number: FI–46–89.

Abstract: Recipients of Federal

financial assistance (’’FFA’’) must

maintain an account of FFA that is

deferred from inclusion in gross income

and subsequently recaptured. This

information is used to determine the

recipient’s tax liability. Also, tax not

subject to collection must be reported

and information must be provided if

certain elections are made.

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 the Federal

Government.

Estimated Number of Respondents:

500.

Estimated Time Per Respondent: 4

hours, 24 minutes.

Estimated Total Annual Burden

Hours: 2,200.

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 10, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–32964 Filed 12–17–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[LR–189–80]

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.
Federal Register / Vol. 62, No. 243 / Thursday, December 18, 1997 / Notices 66405

L. 104–13 (44 U.S.C. 3506(c)(2)(A)).

Currently, the IRS is soliciting

comments concerning an existing final

regulation, LR–189–80 (TD 7927),

Amortization of Reforestation

Expenditures (§§ 1.194–2 and 1.194–4).

DATES: Written comments should be

received on or before February 17, 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: Amortization of Reforestation

Expenditures.

OMB Number: 1545–0735.

Regulation Project Number: LR–189–

80.

Abstract: Internal Revenue Code

section 194 allows taxpayers to elect to

amortize certain reforestation

expenditures over a 7-year period if the

expenditures meet certain requirements.

The regulations implement this election

provision and allow the IRS to

determine if the election is proper and

allowable.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals or

households, business or other for-profit

organizations, and farms.

Estimated Number of Respondents:

12,000.

Estimated Time Per Respondent: 30

minutes.

Estimated Total Annual Burden

Hours: 6,001.

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 10, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–32965 Filed 12–17–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF TREASURY

Internal Revenue Service

Notice of Renewal of the Charter of the

Information Reporting Program

Advisory Committee

SUMMARY: In accordance with the

Federal Advisory Committee Act (Pub.

L. 92–463, as amended), this

announcement serves as notice that the

Department of the Treasury and the

General Services Administration’s

Committee Management Secretariat

have renewed the charter of the

Information Reporting Program

Advisory Committee (IRPAC) for a twoyear period beginning on November 7,

1997. As the services of IRPAC are

expected to be needed for an indefinite

period of time, no termination date has

been established which is less than two

years from this date.

SUPPLEMENTARY INFORMATION: In 1991

the Internal Revenue Service (IRS)

established IRPAC in response to a

recommendation made by the United

States Congress. The primary purpose of

IRPAC is to provide an organized public

forum for discussion of relevant

information reporting issues between

the officials of the IRS and

representatives of the payer community.

IRPAC offers constructive observations

about current or proposed policies,

programs, and procedures and, when

necessary, suggests ways to improve the

operation of the Information Reporting

Program (IRP). IRPAC reports to the

National Director, Office of Specialty

Taxes, who is the executive responsible

for information reporting payer

compliance. IRPAC is instrumental in

providing advice to enhance the IR

Program. Increasing participation by

external stakeholders in the planning

and improvement of the tax system will

help achieve the goals of increasing

voluntary compliance, reducing burden,

and improving customer service. IRPAC

is currently comprised of 18

representatives from various segments

of the information reporting payer

community and one member from the

Social Security Administration. IRPAC

members are not paid for their time or

services, but consistent with Federal

regulations, they are reimbursed for

their travel and lodging expenses to

attend two or three meetings each year.

DATES: The request for renewal of the

charter was signed by the Secretary of

the Treasury on November 7, 1997.

Official approval from the General

Service Administration’s Committee

Management Secretariat was obtained

on the same day. This charter renewal

will expire in two years.

ADDRESSES: Questions or concerns

should be directed to Ms. Kate LaBuda

at IRS, Office of Payer Compliance,

CP:EX:ST:PC, Room 2013, 1111

Constitution Avenue NW., Washington,

DC 20224.

FOR FURTHER INFORMATION CONTACT:

Questions or concerns will also be taken

over the telephone. Call Ms. Kate

LaBuda at 202–622–3404 (not a toll-free

number).

Dated: December 12, 1997.

Kate LaBuda,

(Acting) Director, Office of Payer Compliance,

Office of Specialty Taxes.

[FR Doc. 97–32961 Filed 12–17–97; 8:45 am]

BILLING CODE 4830–01–P

UNITED STATES INFORMATION

AGENCY

Women’s Leadership Training Program

for Central and Eastern Europe;

Request for Proposals

SUMMARY: The Office of Citizen

Exchanges of the United States

Information Agency’s Bureau of

Educational and Cultural Affairs

announces an open competition for an

assistance award. Public and private

non-profit organizations meeting the

provisions described in IRS regulation

26 CFR 1.501(c) may apply to develop

training programs that offer leadership

training skills to women in Albania,

Bosnia, Bulgaria, Croatia, Czech

Republic, Estonia, Hungary, Latvia,