98-11357. Submission to OMB for Review; Comment Request

[Federal Register Volume 63, Number 82 (Wednesday, April 29, 1998)]
[Notices]
[Page 23489]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11357]



[[Page 23489]]

-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

April 22, 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 29, 1998 to 
be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0963.
    Regulation Project Number: IA-146-81 Final.
    Type of Review: Extension.
    Title: Installment Method Reporting by Dealers in Personal 
Property; Change from Accrual to Installment Method of Reporting.
    Description: These regulations describe the procedure by which 
dealers in personal property may adopt or change to the installment 
method of accounting from another method of accounting.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 50,000.
    Estimated Burden Hours Per Respondent: 1 hour.
    Frequency of Response: Other (at time of election).
    Estimated Total Reporting/Recordkeeping Burden: 50,000 hours.

    OMB Number: 1545-1070.
    Regulation Project Number: TD 8223 Temp, TD 8432 Final and Temp, 
and TD 8657 Final and Temp.
    Type of Review: Extension.
    Title: Branch Tax (TD 8223); Branch Profit Tax (TD 8432); and 
Regulations on Effectively Connected Income and the Branch Profits Tax.
    Description: The regulations explain how to comply with section 
884, which imposes a tax on the earnings of a foreign corporation's 
branch that are removed from the branch and which subjects interest 
paid by the branch, and certain interest deducted by the foreign 
corporations to tax.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 28,500.
    Estimated Burden Hours Per Respondent/Recordkeeper: 27 minutes.
    Estimated Total Reporting/Recordkeeping Burden: 12,694 hours.

    OMB Number: 1545-1117.
    Notice Number: Notice 89-61.
    Type of Review: Extension.
    Title: Imported Substances; Rules for Filing a Petition.
    Description: The Notice sets forth procedures to be followed in 
petitioning the Secretary to modify the list of taxable substances in 
section 4672(a)(3).
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 100.
    Estimated Burden Hours Per Respondent: 1 hour.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 100 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. 98-11357 Filed 4-28-98; 8:45 am]
BILLING CODE 4830-01-P