95-25315. Mark to Market for Dealers in Securities; Information Collections

[Federal Register Volume 60, Number 197 (Thursday, October 12, 1995)]
[Notices]
[Pages 53242-53243]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-25315]



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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Mark to Market for Dealers in Securities; Information Collections

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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. Currently, the IRS is soliciting 
comments concerning a temporary regulation and cross-reference notice 
of proposed rulemaking (FI-72-93)--Mark to Market for Dealers in 
Securities.

DATES: Written comments should be received on or before December 11, 
1995 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 information collection should be directed to Martha R. 
Brinson, [phone], Internal Revenue Service, room 5571, 1111 
Constitution Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

    Title: Mark to Market for Dealers in Securities
    OMB Number: 1545-1422
    Regulation Project Number: FI-72-93 NPRM and Temp.
    Abstract: This information is required by the IRS to verify 
compliance with section 475 of the Internal Revenue Code. This 
information will be used to determine whether the amount of tax has 
been computed correctly.
    Current Actions: There is no change to the collection of 
information in this regulation.
    Type of Review: Extension
    Affected Public: Businesses or other for-profit.
    Estimated Number of Respondents: 25,000
    Estimated Time Per Respondent: 1 hour
    Estimated Total Annual Burden Hours: 25,000 Hours

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. Written comments should 
address the accuracy of the burden estimates and ways to minimize 
burden including the use of automated collection techniques or the use 
of other forms of information technology, as well as other relevant 
aspects of the information collection request.

 
[[Page 53243]]

    Approved: October 5, 1995.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 95-25315 Filed 10-11-95; 8:45 am]
BILLING CODE 4830-01-U