97-14360. Submission to OMB for Review; Comment Request

[Federal Register Volume 62, Number 106 (Tuesday, June 3, 1997)]
[Notices]
[Page 30373]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-14360]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

May 22, 1997.
    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, 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.

Internal Revenue Service (IRS)

    OMB Number: 1545-1251.
    Regulation Project Number: PS-5-91 Final.
    Type of Review: Extension.
    Title: Limitations on Percentage Depletion in the Case of Oil and 
Gas Wells.
    Description: Section 1.613A-3(e)(6)(i) of the regulations requires 
each partner to separately keep records of the partner's share of the 
adjusted basis of partnership oil and gas property.
    Respondents: Business or other for-profit.
    Estimated Number of Recordkeepers: 1,500,000.
    Estimated Burden Hours Per Recordkeeper: 2 minutes.
    Estimated Total Recordkeeping Burden: 49,950 hours.
    OMB Number: 1545-1533.
    Revenue Procedure Number: Revenue Procedure 97-22.
    Type of Review: Extension.
    Title: 26 CFR 601.105 Examination of Returns and Claims for Refund, 
Credits, or Abatement, Determination of Correct Tax Liability.
    Description: The information requested in Revenue Procedure 97-22 
under sections 4 and 5 is required to ensure that records maintained in 
an electronic storage system will constitute records within the meaning 
of section 6001.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, Farms, Federal Government, 
State, Local or Tribal Government.
    Estimated Number of Recordkeepers: 50,000.
    Estimated Burden Hours Per Recordkeeper: 20 hours, 1 minute.
    Estimated Total Recordkeeping Burden: 1,000,400 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. 97-14360 Filed 6-2-97; 8:45 am]
BILLING CODE 4830-01-P