[Federal Register: November 22, 1999 (Volume 64, Number 224)]
[Notices]               
[Page 63842]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22no99-144]                         

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DEPARTMENT OF THE TREASURY

 
Submission for OMB Review; Comment Request

November 15, 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, 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 December 22, 
1999 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1515.
    Regulation Project Number: REG-209817-96 (NPRM).
    Type of Review: Extension.
    Title: Treatment of Obligation-Shifting Transactions.
    Description: Section 1.7701(1)-2 recharacterizes certain multiple-
party financing transactions. Pass-through entities engaging in these 
transactions must reflect the required recharacterization on their 
books. This collection of information is required to verify compliance 
with the regulation and will be used to determine whether the amount of 
tax has been correctly computed.
    Respondents: Business or other for-profit.
    Estimated Number of Recordkeepers: 100.
    Estimated Burden Hours Per Recordkeeper: 5 hours.
    Estimated Total Recordkeeping Burden: 500 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.
Mary A. Able,
Departmental Reports Management Officer.
[FR Doc. 99-30314 Filed 11-19-99; 8:45 am]
BILLING CODE 4830-01-P