[Federal Register Volume 64, Number 105 (Wednesday, June 2, 1999)]
[Notices]
[Page 29739]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-13864]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
May 24, 1999.
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 July 2, 1999 to
be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0987.
Regulation Project Number: IA-62-91 Final and Temporary (formerly
LR-168-86 NPRM and LR-129-86 Temporary).
Type of Review: Extension.
Title: Capitalization and Inclusion in Inventory of Certain Costs.
Description: The paperwork requirements are necessary to determine
whether taxpayers comply with the cost allocation rules of section 263A
and with the requirements for changing their methods of accounting. The
information will be used to verify taxpayers' changes in methods
accounting.
Respondents: Business or others for-profit, Farms.
Estimated Number of Respondents/Recordkeepers: 20,000.
Estimated Burden Hours Per Respondent/Recordkeeper: 5 hours.
Frequency of Response: Other (in the year of change).
Estimated Total Reporting/Recordkeeping Burden: 100,000 hours.
OMB Number: 1545-1496.
Regulation Project Number: REG-209673-93 Final.
Type of Review: Extension.
Title: Mark to Market for Dealers in Securities.
Description: Under section 1.475(b)-4, the information required to
be recorded is required by the IRS to determine whether exemption from
mark-to-market treatment is properly claimed, and will be used to make
that determination upon audit of taxpayers' books and records. Also,
under section 1.475(c)-1(a)(3)(iii), the information is necessary for
the Service to determine whether a consolidated group has elected to
disregard inter-member transactions in determining a member's status as
a dealer in securities.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 3.400.
Estimated Burden Hours Per Respondent/Recordkeeper: 52 minutes.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 63,360 hours.
Clearance Officer: Garrick Shear, Internal Revenue Service, Room
5571, 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. 99-13864 Filed 6-1-99; 8:45 am]
BILLING CODE 4830-01-P
