13428 Federal Register / Vol. 62, No. 54 / Thursday, March 20, 1997 / Notices

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: 26 CFR 601.105 Examination of

returns and claims for refund, credits or

abatement; determination of correct tax

liability.

OMB Number: 1545–1533.

Revenue Procedure Number: Revenue

Procedure 97–22.

Abstract: This revenue procedure

provides guidance to taxpayers who

maintain books and records by using an

electronic storage system that either

images their paper books and records or

transfers their computerized books and

records to an electronic storage media,

such as an optical disk. The information

requested in the revenue procedure is

required to ensure that records

maintained in an electronic storage

system will constitute records within

the meaning of Internal Revenue Code

section 6001.

Current Actions: There are no changes

being made to the revenue procedure at

this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals or

households, business or other for-profit

organizations, not-for-profit institutions,

farms, Federal Government, and state,

local or tribal governments.

Estimated Number of Respondents:

50,000.

Estimated Time Per Respondent: 20

hours, 1 minute.

Estimated Total Annual Burden

Hours: 1,000,400.

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: March 14, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–7092 Filed 3–19–97; 8:45 am]

BILLING CODE 4830–01–U

[PS–5–91]

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, PS–5–91 (TD

8437), Limitations on Percentage

Depletion in the Case of Oil and Gas

Wells (§ 1.613A–3(e))

DATES: Written comments should be

received on or before May 19, 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 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: Limitations on Percentage

Depletion in the Case of Oil and Gas

Wells.

OMB Number: 1545–1251.

Regulation Project Number: PS–5–91.

Abstract: This regulation concerns oil

and gas property held by partnerships.

Because the depletion allowance with

respect to production from domestic oil

and gas properties is computed by the

partners and not by the partnership,

section 1.613A–3(e)(6)(i) of the

regulation requires each partner to

separately keep records of the partner’s

share of the adjusted basis in each oil

and gas property of the partnership.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of OMB

approval.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

1,500,000.

Estimated Time Per Respondent: 2

minutes.

Estimated Total Annual Burden

Hours: 49,950.

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: March 13, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–7093 Filed 3–19–97; 8:45 am]

BILLING CODE 4830–01–U