Federal Register / Vol. 63, No. 135 /Wednesday, July 15, 1998 / Notices 38229

Decided:

By the Board, Joseph H. Dettmar, Acting

Director, Office of Proceedings.

Vernon A. Williams,

Secretary.

[FR Doc. 98–18847 Filed 7–14–98; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[PS–100–88]

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, Pub.

L. 104–13 (44 U.S.C. 3506(c)(2)(A)).

Currently, the IRS is soliciting

comments concerning an existing final

regulation, PS–100–88 (TD 8540),

Valuation Tables (§§ 1.7520–1 through

1.7520–4, 20.7520–1 through 20.7520–4,

and 25.7520–1 through 25.7520–4).

DATES: Written comments should be

received on or before September 14,

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: Valuation Tables.

OMB Number: 1545–1343.

Regulation Project Number: PS–100–

88.

Abstract: Internal Revenue Code

section 7520 provides rules for

determining the valuation of an annuity,

an interest for life or a term of years, or

a remainder or reversionary interest.

Code section 7520(a) allows a

respondent to make an election to value

an interest that qualifies, in whole or in

part, for a charitable deduction, by use

of a different interest rate component

that is more favorable to the respondent.

This regulation requires individuals or

fiduciaries making the election to file a

statement with their estate or gift tax

return.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of OMB

approval.

Affected Public: Individuals or

households.

Estimated Number of Respondents:

6,000.

Estimated Time Per Respondent: 45

minutes.

Estimated Total Annual Burden

Hours: 4,500.

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: July 8, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–18748 Filed 7–14–98; 8:45 am]

BILLING CODE 4830–01–P