26680 Federal Register / Vol. 63, No. 92 /Wednesday, May 13, 1998 / Notices

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 notice of proposed rulemaking

and temporary regulations, REG–

209274–85 (TD 8033), Tax-Exempt

Entity Leasing (§ 1.168).

DATES: Written comments should be

received on or before July 13, 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 regulations should be

directed to Carol Savage, (202) 622–

3945, Internal Revenue Service, room

5569, 1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Tax-Exempt Entity Leasing.

OMB Number: 1545–0923.

Regulation Project Number: REG–

209274–85.

Abstract: These regulations provide

guidance to persons executing lease

agreements involving tax-exempt

entities under 168(h) of the Internal

Revenue Code. The regulations are

necessary to implement Congressionally

enacted legislation and elections for

certain previously tax-exempt

organizations and certain tax-exempt

controlled entities.

Current Actions: There is no change to

these existing regulations.

Type of Review: Extension of a

currently approved collection.

Affected Public: Not-for-profit

institutions, and state, local or tribal

governments.

Estimated Number of Respondents:

4,000.

Estimated Time Per Respondent: 30

minutes.

Estimated Total Annual Burden

Hours: 2,000.

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.

Approved: May 5, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–12725 Filed 5–12–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[PS–127–86; PS–128–86; PS–73–88]

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–127–86,

PS–128–86, and PS–73–88 (TD 8644),

Generation-Skipping Transfer Tax

(§§ 26.2601–1, 26.2632–1, 26.2642–1,

26.2642–2, 26.2642–3, 26.2642–4,

26.2652–2, and 26.2662–1).

DATES: Written comments should be

received on or before July 13, 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 regulation should be

directed to Carol Savage, (202) 622–

3945, Internal Revenue Service, room

5569, 1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Generation-Skipping Transfer

Tax.

OMB Number: 1545–0985.

Regulation Project Number: PS–127–

86; PS–128–86; PS–73–88.

Abstract: This regulation provides

rules relating to the effective date,

return requirements, definitions, and

certain rules covering the generationskipping transfer tax. The information

required by the regulation will require

individuals and/or fiduciaries to report

information on Forms 706, 706NA,

706GS(D), 706GS(D–1), 706GS(T), 709,

and 843 in connection with the

generation skipping transfer tax. The

information will facilitate the

assessment of the tax and taxpayer

examinations.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of OMB

approval.

Affected Public: Individuals or

households, and business or other forprofit organizations.

Estimated Number of Respondents:

7,500.

Estimated Time Per Respondent: 30

minutes.

Estimated Total Annual Burden

Hours: 3,750.

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
Federal Register / Vol. 63, No. 92 /Wednesday, May 13, 1998 / Notices 26681

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: May 5, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–12726 Filed 5–12–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[INTL–29–91]

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, INTL–29–91

(TD 8556), Computation and

Characterization of Income and Earnings

and Profits Under the Dollar

Approximate Separate Transactions

Method of Accounting (DASTM)

(§ 1.985–3).

DATES: Written comments should be

received on or before July 13, 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 regulation should be

directed to Carol Savage, (202) 622–

3945, Internal Revenue Service, room

5569, 1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Computation and

Characterization of Income and Earnings

and Profits Under the Dollar

Approximate Separate Transactions

Method of Accounting (DASTM).

OMB Number: 1545–1051.

Regulation Project Number: INTL–29–

91.

Abstract: This regulation provides

that taxpayers operating in

hyperinflationary currencies must use

the United States dollar as their

functional currency and compute

income using the dollar approximate

separate transactions method (DASTM).

Small taxpayers may elect an alternate

method by which to compute income or

loss. For prior taxable years in which

income was computed using the profit

and loss method, taxpayers may elect to

recompute their income using DASTM.

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:

700.

Estimated Time Per Respondent: 1

hour, 26 minutes.

Estimated Total Annual Burden

Hours: 1,000.

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.

Approved: May 5, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–12727 Filed 5–12–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF TREASURY

Internal Revenue Service

Notice of Meeting With Current and

Prospective Tax Software Developers

for Electronic Filing of Form 1065, U.S.

Partnership Return of Income

AGENCY: Internal Revenue Service (IRS),

Treasury.

SUMMARY: This announcement serves as

notice that the Internal Revenue Service

will hold a meeting of current and

prospective tax software developers to

share the thinking about the strategic

direction for mandating electronic filing

for partnerships with more than 100

partners and to get initial reactions from

the software developers to these

strategies. In addition to discussing

partnership returns, information will be

provided on other electronic business

returns and a session will be held to

address questions from the March 3 and

4, 1998 software developers meeting.

DATES: The tentative agenda is as

follows: June 16 from 12:30 pm to 4:30

pm will be for the issues from the March

3–4, 1998 software developers meeting;

June 17 from 9:30 am to 4 pm,

discussion on the Form 1065 electronic

filing strategy; and on June 18 from 9 am

to 11:30 am, information on

electronically filed business returns will

be discussed.

ADDRESSES: The meeting will be held at

the New Carrollton Federal Building,

5000 Ellin Road, B1–303, Lanham, MD

20706 Room.

FOR FURTHER INFORMATION CONTACT:

Questions or concerns should be

directed to Lee Lawrence at IRS,

Electronic Tax Administration,

T:ETA:O, 5000 Ellin Road C4–237,

Lanham, MD 20706 or by telephone at

(202) 283–0445 (not a toll-free number).

To register for this meeting, please call

Carol Jakes at (202) 283–0559. A

registration form will be mailed or faxed

which must be completed and returned

to the IRS by June 8, 1998. If you have

any questions or issues which you

would like to have addressed during the

meeting, you may submit them