20002 Federal Register / Vol. 63, No. 77 /Wednesday, April 22, 1998 / Notices

DATES: Written comments should be

received on or before June 22, 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 form and instructions

should be directed to Martha R. Brinson,

(202) 622–3869, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Asset Acquisition Statement.

OMB Number: 1545–1021.

Form Number: 8594.

Abstract: Internal Revenue Code

section 1060 requires reporting to the

IRS by the buyer and seller of the total

consideration paid for assets in an

applicable asset acquisition. The

information required to be reported

includes the amount allocated to

goodwill or going concern value. Form

8594 is used to report this information.

Current Actions: New temporary

regulations under Code sections 1060

and 338 clarified the rules for allocating

assets acquired after February 13, 1997.

As a result, Class V is being added to

line 4 of Part II and to line 7 of Part III

on Form 8594. Class V will consist of

goodwill and going concern value (these

were previously included in Class IV).

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations, individuals or

households, and farms.

Estimated Number of Respondents:

20,000.

Estimated Time Per Respondent: 11

hr., 38 min.

Estimated Total Annual Burden

Hours: 232,600.

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: April 15, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–10708 Filed 4–21–98; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Notice 98–23

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 Notice 98–23,

Taxation of Social Security Benefits

Under United States-Canada Income

Tax Treaty.

DATES: Written comments should be

received on or before June 22, 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 notice should be directed

to Carol Savage, (202) 622–3945,

Internal Revenue Service, room 5569,

1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Taxation of Social Security

Benefits Under United States-Canada

Income Tax Treaty.

OMB Number: 1545–1602.

Notice Number: Notice 98–23.

Abstract: This notice provides

guidance regarding changes to the

taxation of social security benefits under

the United States-Canada income tax

treaty and the availability of refunds in

some cases for taxes paid on benefits

received in 1996 and 1997.

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: Individuals or

households.

Estimated Number of Respondents:

50,000.

Estimated Time Per Respondent: 30

minutes.

Estimated Total Annual Burden

Hours: 25,000.

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.
Federal Register / Vol. 63, No. 77 /Wednesday, April 22, 1998 / Notices 20003

1A copy of this list may be obtained by

contacting Mr. Paul Manning, Assistant General

Counsel, at 202/619–5997, and the address is Room

700, U.S. Information Agency, 301 4th Street, S.W.,

Washington, D.C. 20547–0001.

Approved: April 16, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–10709 Filed 4–21–98; 8:45 am]

BILLING CODE 4830–01–P

UNITED STATES INFORMATION

AGENCY

Culturally Significant Objects Imported

for Exhibition; Determinations

Notice is hereby given of the

following determinations: Pursuant to

the authority vested in me by the Act of

October 19, 1965 (79 Stat. 985, 22 U.S.C.

2459), Executive Order 12047 of March

27, 1978 (43 FR 13359, March 29, 1978),

and Delegation Order No. 85–5 of June

27, 1985 (50 FR 27393, July 2, 1985), I

hereby determine that the objects on the

list specified below, to be included in

the exhibit, ‘‘Sir Edward Burne-Jones’’

(See list 1), imported from abroad for the

temporary exhibition without profit

within the United States, are of cultural

significance. These objects are imported

pursuant to loan agreements with the

foreign lenders. I also determine that the

exhibition or display of the listed

exhibit objects at the Metropolitan

Museum of Art, New York City, New

York, from on or about June 1, 1998, to

on or about September 6, 1998, is in the

national interest. Public Notice of these

determinations is ordered to be

published in the Federal Register.

Dated: April 16, 1998.

Les Jin,

General Counsel.

[FR Doc. 98–10672 Filed 4–21–98; 8:45 am]

BILLING CODE 8230–01–M