98-25925. Submission to OMB for Review; Comment Request

[Federal Register Volume 63, Number 188 (Tuesday, September 29, 1998)]
[Notices]
[Pages 51993-51994]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25925]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

September 21, 1998.
    The Department of Treasury has submitted the following public

[[Page 51994]]

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 29, 
1998, to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1317.
    Regulation Project Number: INTL-79-91 Final.
    Type of Review: Extension.
    Title: Information Returns Required of United States Persons with 
Respect to Certain Foreign Corporations.
    Description: These regulations clarify certain requirements of 
section 1.6035-1, 1.6038-2 and 1.6046-1 of the Income Tax Regulations 
relating to Form 5471 and affect controlled foreign corporations and 
their United States shareholders.
    Respondents: Business or other for-profit, individuals or 
households.
    Estimated Number of Respondents: 1.
    Estimated Burden Hours Per Respondent: 1 hour.

    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 1 hour.
    OMB Number: 1545-1341.
    Regulation Project Number: EE-43-92 Final.
    Type of Review: Extension.
    Title: Direct Rollovers and 20-Percent Withholding Upon Eligible 
Rollover Distributions From Qualified Plans.
    Description: These regulations provide rules implementing 
provisions of the enacted Unemployment Compensation Amendments (Public 
Law 102-318) requiring 20 percent income tax withholding upon certain 
distributions from qualified pension plans or tax-sheltered annuities.
    Respondents: Individuals or households, Business or other for-
profit, Not-for-profit institutions, Federal Government, State, Local 
or Tribal Government.
    Estimated Number of Respondents: 10,323,926.
    Estimated Burden Hours Per Respondent: 13 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 2,129,669 hours.

    OMB Number: 1545-1343.
    Regulation Project Number: PS-100-88 Final.
    Type of Review: Extension.
    Title: Valuation Tables.
    Description: The regulations require individuals or fiduciaries to 
report information on Forms 706 and 709 in connection with valuation of 
an annuity, an interest for life or a term of years, or a remainder or 
reversionary interest.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 6,000.
    Estimated Burden Hours Per Respondent: 45 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 4,500 hours.

    OMB Number: 1545-1345.
    Regulation Project Number: CO-99-91 Final.
    Type of Review: Extension.
    Title: Limitations on Corporate Net Operating Loss.
    Description: This regulations modifies the application of the 
segregation rules under section 382 in the case of certain issuances of 
stock by a loss corporation. This regulation provides that the 
segregation rules doe not apply to small issuances of stock, as 
defined, and apply only in part to certain other issuances of stock for 
cash.
    Respondents: Business or other for-profit, Farms.
    Estimated Number of Respondents: 10.
    Estimated Burden Hours Per Respondent: 1 hour.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 10 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. 98-25925 Filed 9-28-98; 8:45 am]
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