69806 Federal Register / Vol. 65, No. 224 / Monday, November 20, 2000 / Notices

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the notice should be directed

to Carol Savage, (202) 622–3945,

Internal Revenue Service, room 5242,

1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Certain Payments Made

Pursuant to a Securities Lending

Transaction.

OMB Number: 1545–1566.

Notice Number: Notice 97–66.

Abstract: Notice 97–66 modifies final

regulations which were effective

November 14, 1997. The notice relaxes

the statement requirement with respect

to substitute interest payments relating

to securities loans and sale-repurchase

transactions. It also provides a

withholding mechanism to eliminate

excessive withholding on multiple

payments in a chain of substitute

dividend payments.

Current Actions: There are no changes

being made to the notice at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

377,500.

Estimated Time Per Respondent: 10

minutes.

Estimated Total Annual Burden

Hours: 61,750.

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: November 14, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–29652 Filed 11–17–00; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG–209682–94]

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 final

regulation, REG–209682–94 (TD 8847),

Adjustments Following Sales of

Partnership Interests, (§§ 1.732–1 and

1.743–1).

DATES: Written comments should be

received on or before January 19, 2001

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of this regulation should be

directed to Faye Bruce, (202) 622–6665,

Internal Revenue Service, room 5244,

1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION: Title:

Adjustments Following Sales of

Partnership Interests.

OMB Number: 1545–1588.

Regulation Project Number: REG–

209682–94.

Abstract: Partnerships, with a section

754 election in effect, are required to

adjust the basis of partnership property

following certain transfers of

partnership interests. This regulation

relates to the optional adjustments to

the basis of partnership property

following certain transfers of

partnership interests under section 743,

the calculation of gain or loss under

section 751(a) following the sale or

exchange of a partnership interest, the

allocation of basis adjustments among

partnership assets under section 755,

the allocation of a partner’s basis in its

partnership interest to properties

distributed to the partner by the

partnership under section 732(c), and

the computation of a partner’s

proportionate share of the adjusted basis

of depreciable property (or depreciable

real property) under section 1017.

Current Actions: There are no changes

being made to the regulation at this

time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

226,000.

Estimated Time Per Respondent: 4

hrs.

Estimated Total Annual Burden

Hours: 904,000.

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

Federal Register / Vol. 65, No. 224 / Monday, November 20, 2000 / Notices 69807

or start-up costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: November 13, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–29653 Filed 11–17–00; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[EE–111–80]

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,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the IRS is

soliciting comments concerning an

existing final regulation, EE–111–80 (TD

8019), Public Inspection of Exempt

Organization Returns (§ 301.6104(b)–1).

DATES: Written comments should be

received on or before January 19, 2001.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 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 Faye Bruce, (202)

622–6665, Internal Revenue Service,

room 5244, 1111 Constitution Avenue

NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Public Inspection of Exempt

Organization Returns.

OMB Number: 1545–0742.

Regulation Project Number: EE–111–

80.

Abstract: Internal Revenue Code

section 6104(b) authorizes the IRS to

make available to the public the returns

required to be filed by exempt

organizations. The information

requested in section 301.6104(b)–1(b)(4)

of this regulation is necessary in order

for the IRS not to disclose confidential

business information furnished by

businesses which contribute to exempt

black lung trusts.

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:

22.

Estimated Time Per Respondent: 1

hour.

Estimated Total Annual Burden

Hours: 22.

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: November 14, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–29654 Filed 11–17–00; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form T

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 Form T,

Forest Activities Schedule.

DATES: Written comments should be

received on or before January 19, 2001,

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 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 Larnice Mack,

(202) 622–3179, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Forest Activities Schedule.

OMB Number: 1545–0007.

Form Number: Form T.

Abstract: Form T is filed by

individuals and corporations to report

income and deductions from the

operation of a timber business. The IRS

uses Form T to determine if the correct

amounts of income and deductions are

reported.

Current Actions: There are no

substantive changes being made to Form

T at this time.

Affected Public: Business or other forprofit organizations and individuals.

Estimated Number of Respondents:

37,000.

Estimated Time Per Respondent: 39

hr., 5 min.

Estimated Total Annual Burden

Hours: 1,446,330.

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