[Federal Register Volume 65, Number 218 (Thursday, November 9, 2000)]
[Pages 67474-67475]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-28824]



Submission for OMB Review; Comment Request

November 1, 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 11, 
2000 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1691.
    Regulation Project Number: REG-120882-97 Final.
    Type of Review: Extension.
    Title: Continuity of Interest.
    Description: Taxpayers who entered into a binding agreement on or 
after January 28, 1998 (the effective date of Sec. 1.368-1T), and 
before the effective date of the final regulations under Sec. 1.368-
1(e) may request a private letter ruling permitting them to apply 
Sec. 1.368-1(e) to their transaction. A private letter ruling will not 
be issued unless the taxpayer establishes to the satisfaction of the 
IRS that there is not a significant risk of different parties to the 
transaction taking inconsistent positions, for U.S. tax purposes with 
respect to the applicability of Sec. 1.368-1(e) to the transaction.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 10.
    Estimated Burden Hours Per Respondent: 150 hours.
    Frequency of Response: Other (once).
    Estimated Total Reporting Burden: 1,500 hours.
    Clearance Officer: Garrick Shear, Internal Revenue Service, Room 
5244, 1111 Constitution Avenue, NW, Washington, DC 20224.

[[Page 67475]]

    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. 00-28824 Filed 11-8-00; 8:45 am]