98-7526. Submission to OMB for Review; Comment Request

[Federal Register Volume 63, Number 56 (Tuesday, March 24, 1998)]
[Notices]
[Page 14174]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-7526]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

March 17, 1998.
    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 April 23, 
1998 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1572.
    Regulation Project Number: REG-120200-97 NPRM, Temporary and Final.
    Type of Review: Extension.
    Title: Election Not to Apply Look-Back Method in De Minimis Cases.
    Description: The temporary and proposed regulations provides rules 
for electing the benefits of section 460(b)(6) regarding not applying 
the look-back method to long-term contracts de minimis cases.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 20,000.
    Estimated Burden Hours Per Respondent: 12 minutes.
    Frequency of Response: Other (once).
    Estimated Total Reporting Burden: 4,000 hours.

    OMB Number: 1545-1584.
    Form Number: IRS Form 8859.
    Type of Review: Revision.
    Title: District of Columbia First-Time Homebuyer Credit.
    Description: Form 8859 is used to claim the District of Columbia 
First-Time Homebuyer Credit. The information collected will be used to 
verify that the credit was computed correctly.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 1,900.
    Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--20 minutes.
    Learning about the law or the form--5 minutes.
    Preparing the form--25 minutes.
    Copying, assembling, and sending the form to the IRS--20 minutes.
    Frequency of Response: Other (once).
    Estimated Total Reporting/Recordkeeping Burden: 2,242 hours.
    Clearance Officer: Garrick Shear [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW., Washington, DC 
20224.
    OMB Reviewer: Alexander T. Hunt [phone], Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 98-7526 Filed 3-23-98; 8:45 am]
BILLING CODE 4830-01-P