Document Headings

                    Document headings vary by document type but may contain                    the following:                  
                -                       the agency or agencies that issued and signed a document                    
                -                       the number of the CFR title and the number of each part                      the document amends, proposes to amend, or is directly                      related to                    
                -                       the agency docket number / agency internal file number                    
                -                       the RIN which identifies each regulatory action listed in                      the Unified Agenda of Federal Regulatory and Deregulatory                      Actions                    

                    See the                                          Document Drafting Handbook                                        for more details.                  

###### Department of the Treasury

# DATES:

Written comments should be received on or before July 23, 2001 to be assured of consideration.

## Internal Revenue Service (IRS)

*OMB Number:*                     1545-1072.                

*Regulation Project Number:*                     INTL-952-86 NPRM and Temporary.                

*Type of Review:*                     Extension.                

*Title:*                     Allocation and Apportionment of Interest Expense and Certain Other Expenses.                

*Description:*                     The regulations provide rules concerning the allocation and apportionment of expenses to foreign source income for purposes of the foreign tax credit and other provisions.                

*Respondents:*                     Individuals or households, Business or other for-profit.                

*Estimated Number of Respondents/Recordkeepers:*                     15,000.                

*Estimated Burden Hours Per Respondent/Recordkeeper:*                     15 minutes.                

*Frequency of Response:*                     On occasion.                

*Estimated Total Reporting./Recordkeeping Burden:*                     3,750 hours.                

*OMB Number:*                     1545-1265.                

*Regulation Project Number:*                     IA-120-86 Final.                

*Type of Review:*                     Extension.                

*Title:*                     Capitalization of Interest.                

*Description:*                     The regulations require taxpayers to maintain contemporaneous written records of estimates, to file a ruling request to segregate activities in applying the interest capitalization rules, and to request the consent of the Commissioner to change their methods of accounting for the capitalization of interest.                

*Respondents:*                     Individuals or households, Business or other for-profit.                

*Estimated Number of Respondents:*                     50.                

*Estimated Number of Recordkeepers:*                     500,000.                

*Estimated Burden Hours Per Respondent:*                     2 hours.                

*Estimated Burden Hours Per Recordkeeper:*                     14 minutes.                

*Frequency of Response:*                     On occasion.                

*Estimated Total Reporting/Recordkeeping Burden:*                     116,767 hours.                

*Clearance Officer:*                     Garrick Shear, Internal Revenue Service, Room 5244, 1111 Constitution Avenue, NW., Washington, DC 20224.                

*OMB Reviewer:*                     Alexander T. Hunt (202) 395-7860, Office of Management and Budget, Room 10202, New Executive Office Building, Washington, DC 20503.                

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 01-15631 Filed 6-20-01; 8:45 am]

BILLING CODE 4830-01-P