[Federal Register Volume 65, Number 225 (Tuesday, November 21, 2000)]
[Notices]
[Page 69993]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-29775]



[[Page 69993]]

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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

November 15, 2000.
    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 21, 
2000 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1143.
    Form Number: IRS Form 706-GS(D-1).
    Type of Review: Extension.
    Title: Notification of Distribution From a Generation-Skipping 
Trust.
    Description: Form 706-GS(D-1) is used by trustees to notify the IRS 
and distributees of information needed by distributees to compute the 
Federal GST tax imposed by Internal Revenue Code (IRC) section 2601. 
IRS uses the information to enforce this tax and to verify that the tax 
has been properly computed.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 80,000.
    Estimated Burden Hours Per Recordkeeper:

Recordkeeping--1 hr., 33 min.
Learning about the law or the form--1 hr., 48 min.
Preparing the form--42 min.
Copying, assembling, and sending the form to the IRS--20 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 348,800 hours.

    OMB Number: 1545-1447.
    Regulation Project Number: CO-46-94 Final.
    Type of Review: Extension.
    Title: Losses on Small Business Stock.
    Description: Records are required by the Internal Revenue Service 
to verify that the taxpayer is entitled to a section 1244 loss. The 
records will be used to determine whether the stock qualifies as 
section 1244 stock.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Recordkeepers: 10,000.
    Estimated Burden Hours Per Recordkeeper: 12 minutes.
    Estimated Total Recordkeeping 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. 00-29775 Filed 11-20-00; 8:45 am]
BILLING CODE 4830-01-P