98-8473. Submission to OMB for Review; Comment Request

[Federal Register Volume 63, Number 62 (Wednesday, April 1, 1998)]
[Notices]
[Page 15910]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-8473]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

March 19, 1998.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Pub. L. 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 May 1, 1998 to 
be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0757.
    Regulation Project Number: LR-209-76 Final.
    Type of Review: Extension.
    Title: Special Lien for Estate Taxes Deferred Under Section 6166 or 
6166A.
    Description: Section 6324A permits the executor of a decedent's 
estate to elect a lien on section 6166 property in favor of the United 
States in lieu of a bond or personal liability if an election under 
section 6166 was made and the executor files an agreement under section 
6324A(c).
    Respondents: Individuals or households, Business or other for-
profit.
    Estimated Number of Respondents: 34,600.
    Estimated Burden Hours Per Respondent: 15 minutes.
    Frequency of Response: Other (nonrecurring).
    Estimated Total Reporting Burden: 8,650 hours.

    OMB Number: 1545-0959.
    Regulation Project Number: LR-213-76 Final.
    Type of Review: Extension.
    Title: Estate and Gift Taxes; Qualified Disclaimers of Property.
    Description: Section 2518 allows a person to disclaim an interest 
in property received by gift or inheritance. The interest is treated as 
if the disclaimant never received or transferred such interest for 
Federal gift tax purposes. A qualified disclaimer must be in writing 
and delivered to the transferor or trustee.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 2,000.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 1,000 hours.

    OMB Number: 1545-1226.
    Regulation Project Number: FI-59-89 Final.
    Type of Review: Extension.
    Title: Proceeds of Bonds Used for Reimbursement.
    Description: The rules require record maintenance by a state or 
local government or section 501(c)(3) organization issuing tax-exempt 
bonds (``Issuer'') to reimburse itself for previously-paid expenses. 
This recordkeeping will establish that the issuer had an intent, when 
it paid an expense, to later issue a reimbursement bond.
    Respondents: Not-for-profit institutions, State, Local or Tribal 
Government.
    Estimated Number of Recordkeepers: 2,500.
    Estimated Burden Hours Per Recordkeeper: 2 hours, 24 minutes.
    Estimated Total Recordkeeping Burden: 6,000 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. 98-8473 Filed 3-31-98; 8:45 am]
BILLING CODE 4830-01-P