[Federal Register Volume 62, Number 52 (Tuesday, March 18, 1997)]
[Notices]
[Page 12883]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-6791]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

March 10, 1997.
    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.

Internal Revenue Service (IRS)

    OMB Number: 1545-1380.
    Regulation ID Number: IA-17-90 (Final).
    Type of Review: Extension.
    Title: Reporting Requirements for Recipients of Points Paid on 
Residential Mortgages.
    Description: To encourage compliance with the tax laws relating to 
the mortgage interest deduction, the regulations require the reporting 
on Form 1098 of points paid on residential mortgages. Only businesses 
that receive mortgage interest in the course of a trade or business are 
affected by this reporting requirement.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 37,644.
    Estimated Burden Hours Per Respondent: 7 hours, 31 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 283,056 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.
Dale A. Morgan,
Departmental Reports Management Officer.
[FR Doc. 97-6791 Filed 3-17-97; 8:45 am]
BILLING CODE 4830-01-P