Federal Register / Vol. 65, No. 208 / Thursday, October 26, 2000 / Notices 64279

Preparing the form—6 min. Copying,

assembling and sending the form to

the IRS—20 min.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 368 hours.

OMB Number: 1545–1034.

Form Number: IRS Form 8582–CR.

Type of Review: Extension.

Title: Passive Activity Credit

Limitations.

Description: Under section 469,

credits from passive activities, to the

extent they do not exceed the tax

attributable to net passive income, are

not allowed. Form 8582–CR is used to

figure the passive activity credit allowed

and the amount of credit to be reported

on the tax return.

Respondents: Individuals or

households, Business or other for-profit.

Estimated Number of Respondents/

Recordkeepers: 900,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—2 hr., 5 min.

Learning about the law or the form—6

hr., 5 min.

Preparing the form—4 hr., 21 min.

Copying, assembling and sending the

form to the IRS—2 hr., 11 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 7,017,300 hours.

OMB Number: 1545–1288.

Form Number: IRS Form 8828.

Type of Review: Extension.

Title: Recapture of Federal Mortgage

Subsidy.

Description: Form 8828 is needed to

compute the section 143(m) tax on

recapture of the Federal subsidy from

use of qualified mortgage bonds and

mortgage credit certificates in cases

where the financing is provided after

1990 and the home subject to the

financing is sold during the first 9 years

after financing was provided. IRS uses

the information to determine that the

proper amount of Federal subsidy is

recaptured.

Respondents: Individuals or

households.

Estimated Number of Respondents/

Recordkeepers: 1,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—1 hr., 18 min.

Learning about the law or the form—22

min.

Preparing the form—46 min.

Copying, assembling, and sending the

form to the IRS—20 min.

Frequency of Response: Other (for

year of sale of home).

Estimated Total Reporting/

Recordkeeping Burden: 2,678 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. 00–27473 Filed 10–25–00; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission for OMB Review;

Comment Request

October 18, 2000.

The Department of the 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 November 27,

2000.

Internal Revenue Service (IRS)

OMB Number: 1545–0946.

Form Number: IRS Form 8554.

Type of Review: Extension.

Title: Application for Renewal of

Enrollment To Practice Before the

Internal Revenue Service.

Description: This information relates

to the approval of continuing

professional education programs and

the renewal of the enrollment status for

those individuals admitted (enrolled) by

the Internal Revenue Service.

Respondents: Individuals or

households.

Estimated Number of Respondents/

Recordkeepers: 39,500.

Estimated Burden Hours Per

Respondent/Recordkeeper: 1 hour, 12

minutes.

Frequency of Response: Other (onetime filing).

Estimated Total Reporting/

Recordkeeping Burden: 47,400 hours.

OMB Number: 1545–1160.

Regulation Project Number: CO–93–

90 Final.

Type of Review: Extension.

Title: Corporations; Consolidated

Returns-Special Rules Relating To

Dispositions and Deconsolidations of

Subsidiary Stock.

Description: These regulations

prevent elimination of corporate-level

tax because of the operation of the

consolidated returns investment

adjustment rules. Statements are

required for dispositions of a

subsidiary’s stock for which losses are

claimed, for basis reductions within 2

years of the stock’s deconsolidation, and

for elections by the common parent to

retain the NOLs of a disposed

subsidiary.

Respondents: Business or other forprofit.

Estimated Number of Respondents:

3,000.

Estimated Burden Hours Per

Respondent: 2 hours.

Frequency of Response: Other (onetime).

Estimated Total Reporting Burden:

6,000 hours.

OMB Number: 1545–1271.

Regulation Project Number: REG–

209035–86 Final and REG–208165–91

Final.

Type of Review: Extension.

Title: Stock Transfer Rules (REG–

209035–86); and Certain Transfers of

Stock or Securities by U.S. Persons to

Foreign Corporations and Related

Reporting Requirements (REG–208165–

91)

Description: A U.S. person must

generally file a gain recognition

agreement with the Internal Revenue

Service in order to defer gain on a

section 367(a) transfer of stock to a

foreign corporation, and must file a

notice with the IRS if it realizes any

income in a section 367(b) exchange.

These requirements ensure compliance

with the respective Code sections.

Respondents: Business or other forprofit.

Estimated Number of Respondents:

580.

Estimated Burden Hours Per

Respondent: 4 hours, 7 minutes.

Frequency of Response: Annually.

Estimated Total Reporting Burden:

2,390 hours.

OMB Number: 1545–1551.

Revenue Procedure Number: Revenue

Procedure 97–36, Revenue Procedure

97–38, Revenue Procedure 97–39, and

Revenue Procedure 99–49.

Type of Review: Extension.

Title: Changes in Methods of

Accounting.

Description: The information

collected in the four revenue procedures

is required in order for the

Commissioner to determine whether the

taxpayer properly is requesting to

change its method of accounting and the

terms and conditions of the change.

64280 Federal Register / Vol. 65, No. 208 / Thursday, October 26, 2000 / Notices

Respondents: Business or other forprofit, Individuals or households, Notfor-profit institutions, Farms.

Estimated Number of Respondents/

Recordkeepers: 24,000.

Estimated Burden Hours Per

Respondent/Recordkeeper: 9 hours, 21

minutes.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 224,389 hours.

OMB Number: 1545–1697.

Revenue Procedure Number: Revenue

Procedure 2000–35.

Type of Review: Extension.

Title: Section 1445 Withholding

Certificates.

Description: Revenue Procedure

2000–35 provides guidance applications

for withholding certificates under Code

section 1445.

Respondents: Business or other forprofit, Individuals or households.

Estimated Number of Respondents/

Recordkeepers: 6,000.

Estimated Burden Hours Per

Respondent/Recordkeeper: 10 hours.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 60,000 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. 00–27474 Filed 10–25–00; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Submission for OMB Review;

Comment Request

October 19, 2000.

The Department of the 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 November 27,

2000 to be assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545–1449.

Regulation Project Number: IA–57–94

Final.

Type of Review: Extension.

Title: Cash Reporting by Court Clerks.

Description: Section 6050I(g) imposes

a reporting requirement on criminal

court clerks that receive more than

$10,000 in cash as bail. The IRS will use

the information to identify individuals

with large cash incomes. Clerks must

also furnish the information to the

United States Attorney for the

jurisdiction in which the individual

charged with the crime resides and to

each person posting the bond whose

name appears on Form 8300.

Respondents: Federal Government,

State, Local or Tribal Government.

Estimated Number of Respondents:

250.

Estimated Burden Hours Per

Respondent: 30 minutes.

Frequency of Response: On occasion,

Annually.

Estimated Total Reporting Burden:

125 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. 00–27475 Filed 10–25–00; 8:45 am]

BILLING CODE 4830–01–U