25566 Federal Register / Vol. 63, No. 89 / Friday, May 8, 1998 / Notices

(REMIC) to figure its excise tax liability

under Code sections 860E(e)(1),

860E(e)(6), and 860E(e)(7). IRS uses the

information to determine the correct tax

liability of the REMIC.

Respondents: Business or other forprofit.

Estimated Number of Respondents/

Recordkeepers: 31.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—4 hr., 32 min.

Learning about the law or the form—1

hr., 29 min.

Preparing and sending the form to the

IRS—1 hr., 38 min.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 237 hours.

Clearance Officer: Garrick Shear,

(202) 622–3869, Internal Revenue

Service, Room 5571, 1111 Constitution

Avenue, NW, Washington, DC 20224.

OMB Reviewer: Alexander T. Hunt,

(202) 395–7860, Office of Management

and Budget, Room 10226, New

Executive Office Building, Washington,

DC 20503.

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 98–12214 Filed 5–7–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 8264

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

8264, Application for Registration of a

Tax Shelter.

DATES: Written comments should be

received on or before July 7, 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: Application for Registration of a

Tax Shelter.

OMB Number: 1545–0865

Form Number: 8264

Abstract: Under section 6111 of the

Internal Revenue Code, organizers of

certain tax shelters are required to

register them with the IRS. Organizers

filing a properly completed Form 8264

will receive a tax shelter registration

number from the IRS. They must furnish

the tax shelter registration number to

investors in the tax shelter, who must

provide the number to the IRS when

they report any income or claim a

deduction, loss, credit, or other tax

benefit derived from the tax shelter on

their tax return.

Current Actions: There are no changes

being made to the form at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations and individuals or

households.

Estimated Number of Respondents:

1,000

Estimated Time Per Respondent: 39

hr., 4 min.

Estimated Total Annual Burden

Hours: 39,060

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 30, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer

[FR Doc. 98–12199 Filed 5–7–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Forms 8288 and 8288–A

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 Form 8288, U.S.

Withholding Tax Return for

Dispositions by Foreign Persons of U.S.

Real Property Interests and Form 8288–

A, Statement of Withholding on

Dispositions by Foreign Persons of U.S.

Real Property Interests.

DATES: Written comments should be

received on or before July 7, 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: U.S. Withholding Tax Return for

Dispositions by Foreign Persons of U.S.

Real Property Interests (Form 8288) and

Statement of Withholding on

Dispositions by Foreign Persons of U.S.

Real Property Interests (Form 8288–A).

OMB Number: 1545–0902.

Form Number: 8288 and 8288–A.