Proposed Collection; Comment Request for Notice 96-65

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment Request for Notice 96-65

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing

effort to reduce paperwork and respondent burden, invites the general

public and other Federal agencies to take this opportunity to comment

on proposed and/or continuing information collections, as required by

the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.

3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning

Notice 96-65, Treatment of a Trust as Domestic or Foreign--Changes Made

by the Small Business Job Protection Act.

DATES: Written comments should be received on or before March 10, 2000

to be assured of consideration.

ADDRESSES: Direct all written comments to Garrick R. Shear, Internal

Revenue Service, room 5244, 1111 Constitution Avenue NW., Washington,

DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or

copies of the notice should be directed to Carol Savage, (202) 622-

3945, Internal Revenue Service, room 5242, 1111 Constitution Avenue

NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Treatment of a Trust as Domestic or Foreign--Changes Made by

the Small Business Job Protection Act.

OMB Number: 1545-1506.

Notice Number: Notice 96-65.

Abstract: Notice 96-65 provides that a domestic trust may avoid an

involuntary change in status caused by operation of the Small Business

Job Protection Act of 1996 by reforming to comply with the law within a

reasonable period of time. The notice also gives guidance on how to

elect to apply the trust status rules retroactively.

Current Actions: There are no changes being made to the notice at

this time.

Type of Review: Extension of a currently approved collection.

Affected Public: Individuals, business or other for-profit

organizations, and not-for-profit institutions.

Estimated Number of Respondents: 1,200.

Estimated Time Per Respondent: 28 minutes.

Estimated Total Annual Burden Hours: 550.

The following paragraph applies to all of the collections of

information covered by this notice:

An agency may not conduct or sponsor, and a person is not required

to respond to, a collection of information unless the collection of

information displays a valid OMB control number. Books or records

relating to a collection of information must be retained as long as

their contents may become material in the administration of any

internal revenue law. Generally, tax returns and tax return information

are confidential, as required by 26 U.S.C. 6103.

Request for Comments

Comments submitted in response to this notice will be summarized

and/or included in the request for OMB approval. All comments will

become a matter of public record. Comments are invited on: (a) Whether

the collection of information is necessary for the proper performance

of the functions of the agency, including whether the information shall

have practical utility; (b) the accuracy of the agency's estimate of

the burden of the collection of information; (c) ways to enhance the

quality, utility, and clarity of the information to be collected; (d)

ways to minimize the burden of the collection of information on

respondents, including through the use of automated collection

techniques or other forms of information technology; and (e) estimates

of capital or start-up costs and costs of operation, maintenance, and

purchase of services to provide information.

Approved: January 3, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00-525 Filed 1-7-00; 8:45 am]

BILLING CODE 4830-01-U