[Federal Register Volume 64, Number 219 (Monday, November 15, 1999)]
[Notices]
[Pages 61959-61960]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-29654]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
October 28, 1999.
The Department of the Treasury has submitted the following public
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of
the submission(s) may be obtained by calling the Treasury Bureau
Clearance Officer listed. Comments regarding this information
collection should be addressed to the OMB reviewer listed and to the
Treasury Department Clearance Officer, Department of the Treasury, Room
2110, 1425 New York Avenue, NW., Washington, DC 20220.
Dates: Written comments should be received on or before December
15, 1999 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1421.
Regulation Project Number: IA-62-93 TEMP and NPRM.
Type of Review: Extension.
Title: Certain Elections Under the Omnibus Budget Reconciliation
Act of 1993.
Description: These regulations establish various elections enacted
by the Omnibus Budget Reconciliation Act of 1993 (Act). The regulations
provide guidance that enable taxpayers to take advantage of various
benefits provided by the Act and the Internal Revenue Code.
Respondents: Business or other for-profit, Individuals or
households, Farms.
Estimated Number of Respondents: 410,000.
Estimated Burden Hours Per Respondent: 30 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 202,500 hours.
OMB Number: 1545-1466.
Regulation Project Number: None.
Type of Review: Revision.
Title: Third-Party Disclosure Requirements in IRS Regulations.
Description: This submission contains third-party disclosure
regulations subject to the Paperwork Reduction Act of 1995.
Respondents: Business or other for-profit, Individuals or
households, Not-for-profit institutions.
Estimated Number of Respondents/Recordkeepers: 245,824,890.
Estimated Burden Hours Per Respondent/Recordkeeper: Varies.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 69,927,555 hours.
OMB Number: 1545-1500.
Form Number: IRS Form 8850.
Type of Review: Extension.
Title: Work Opportunity Credit Pre-Screening Notice and
Certification Request.
Description: A job applicant completes and signs, under penalties
of perjury, the top portion of the form to indicate that he or she is a
member of a targeted group. If the employer has a belief that the
applicant is a member of a targeted group, the employer signs the other
portion of the form under penalties of perjury and submits it to the
State Employment Security Agency (SESA) as part of a written request
for certification.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 400,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--2 hr., 47 min.
Learning about the law or the form--37 min.
Preparing the form and sending the form to the SESA--36 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 1,596,000 hours.
OMB Number: 1545-1537.
Regulation Project Number: REG-253578-96 NPRM and TEMP.
Type of Review: Extension.
Title: Health Insurance Portability for Group Health Plans (NPRM);
and Interim Rules for Health Insurance Portability for Group Health
Plans (Temporary).
Description: The regulations provide guidance for group health
plans and the employers maintaining them regarding requirements imposed
on plans relating to preexisting condition exclusions, discrimination
based on health status, and access to coverage.
Respondents: Business or other for-profit, Not-for-profit
institutions, State, Local or Tribal Government.
Estimated Number of Respondents: 1,300,000.
Estimated Burden Hours Per Response: Varies.
Estimated Total Reporting Burden: 591,561 hours.
OMB Number: 1545-1656.
Revenue Procedure Number: Revenue Procedure 99-31.
Type of Review: Extension.
Title: Employee Plans Compliance Programs--Acceptable Methods of
Self-Correction and Closing Agreements.
Description: The information requested in this revenue procedure is
required to enable the Internal Revenue Service to make determinations
on the issuance of various closing agreements and compliance statements
as well as to verify that plan participants have been notified by their
employers. The issuance of these agreements and proper notification
allows individual plans to maintain their tax-qualified status. As a
result, the favorable tax treatment of the benefits of the eligible
employees is retained.
Respondents Business or other for-profit, Individuals or
households, Not-for-profit institutions, State, Local or Tribal
Government.
Estimated Number of Respondents: 1,000.
Estimated Burden Hours Per Respondent: 10 hours, 48 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 10,800 hours.
OMB Number: 1545-1657.
Revenue Procedure Number: Revenue Procedure 99-32.
Type of Review: Extension.
Title: Conforming Adjustments Subsequent to Section 482
Allocations.
Description: This revenue procedure prescribes the applicable
procedures for the repatriation of cash by a United States taxpayer via
an interesting-bearing account receivable or payable in an amount
corresponding to the amount allocated under section 482 from, or to, a
related person with respect to a controlled transaction.
Respondents Business or other for-profit.
Estimated Number of Respondents: 180.
Estimated Burden Hours Per Respondent: 9 hours.
Frequency of Response: On occasion.
[[Page 61960]]
Estimated Total Reporting Burden: 1,620 hours.
OMB Number: 1545-1660.
Notice Number: Notice 99-43.
Type of Review: Extension.
Title: Nonrecognition Exchanges under Section 897.
Description: This notice announces a modification of the current
rules under Temporary Regulations Sec. 1.897-6T(a)(1) regarding
transfers, exchanges, and other dispositions of U.S. real property
interests in nonrecognition transactions occurring after June 18, 1980.
The new rule will be included in regulations finalizing the temporary
regulations.
Respondents Business or other for-profit, Individuals or
households.
Estimated Number of Respondents: 100.
Estimated Burden Hours Per Respondent: 2 hours.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 200 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. 99-29654 Filed 11-12-99; 8:45 am]
BILLING CODE 4830-01-P
