[Federal Register Volume 64, Number 176 (Monday, September 13, 1999)]
[Notices]
[Pages 49537-49538]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-23781]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
September 2, 1999.
The Department of Treasury has submitted the following public
information collection requirement(s) to
[[Page 49538]]
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 October 13,
1999 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1218.
Regulation Project Number: CO-25-96 Final.
Type of Review: Extension.
Title: Regulations Under Section 1502 of the Internal Revenue Code
of 1986; Limitations on Net Operating Loss Carryforwards and Certain
Built-in Losses and Credits Following an Ownership Change of a
Consolidated Group
Description: Section 1502 provides for the promulgation of
regulations with respect to corporations that file consolidated income
tax returns. Section 382 limits the amount of income that can be offset
by loss carryovers and credits after an ownership change. These final
regulations provide rules for applying section 382 to groups of
corporations that file a consolidated return.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 12,054.
Estimated Burden Hours Per Respondent: 20 minutes.
Frequency of Response: On occasion, Other (changes in group
membership).
Estimated Total Reporting Burden: 662 hours.
OMB Number: 1545-1237.
Regulation Project Number: REG-209831-96 Final (formerly CO-24-96
Final).
Type of Review: Extension.
Title: Consolidated Returns--Limitations on the Use of Certain
Losses and Deductions.
Description: Section 1502 provides for promulgation of regulations
with respect to corporations that file consolidated income tax returns.
These regulations amend the current regulations regarding the use of
certain losses and deductions by such corporations.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 8,000.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 2,000 hours.
Clearance Officer: Garrick Shear, Internal Revenue Service, Room
5244, 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. 99-23781 Filed 9-10-99; 8:45 am]
BILLING CODE 4830-01-P
