[Federal Register Volume 63, Number 178 (Tuesday, September 15, 1998)]
[Notices]
[Page 49379]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-24630]
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DEPARTMENT OF THE TREASURY
Submission to OMB for Review; Comment Request
September 1, 1998.
The Department of the 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.
DATES: Written comments should be received on or before October 15,
1998 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0026.
Form Number: IRS Form 926.
Type of Review: Revision.
Title: Return by a U.S. Transferor of Property to a Foreign
Corporation.
Description: U.S. persons file Form 926 to report the transfer of
property to a foreign corporation and to report information required by
a section 367. The IRS uses Form 926 to determine if the gain, if any,
must be recognized by the U.S. person.
Respondents: Businesses or other for-profit, Individuals or
households.
Estimated Number of Respondents/Recordkeepers: 1,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
------------------------------------------------------------------------
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Recordkeeping.......................... 6 hr., 56 min.
Learning about the law or the form..... 4 hr., 4 min.
Preparing and sending the form to the 4 hr., 22 min.
IRS.
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Frequency of Response: On occasion, Annually.
Estimated Total Reporting/Recordkeeping Burden: 15,370 hours.
Clearance Officer: Garrick Shear (202) 622-3869, 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 10226, New Executive Office Building,
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 98-24630 Filed 9-14-98; 8:45 am]
BILLING CODE 4830-01-P
