# Agency Information Collection Activities; Comment Request

> Briefs, arguments, decisions, and more.

URL: https://www.frixlaw.com/law-library/documents/fr%3A96-1968

## Record

- **Collection:** Federal Register
- **Document type:** Notice
- **Published:** February 1, 1996
- **Citation:** 61 FR 3764

## Text

DEPARTMENT OF THE TREASURY

Agency Information Collection Activities; Comment Request

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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. Currently, the IRS is soliciting
comments concerning an existing final regulation, CO-49-88, Limitations
on Corporate Net Operating Loss.

DATES: Written comments should be received on or before April 1, 1996
to be assured of consideration.

ADDRESSES: Direct all written comments to Garrick R. Shear, Internal
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington,
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the information collection should be directed to Carol
Savage, (202) 622-3945, Internal Revenue Service, room 5571, 1111
Constitution Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Limitations on Corporate Net Operating Loss
OMB Number: 1545-1381.
Regulation Project Number: CO-49-88 Final.
Abstract: This regulation provides rules for the allocation of a
loss corporation's taxable income or net operating loss between the
periods before and after an ownership change under section 382 of the
Code, including an election to make the allocation based on a closing
of the books as of the change date.
Current Actions: There is no change to the collection of
information in this existing regulation.
Type of Review: Extension of OMB approval.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 2,000.
Estimated Time Per Respondent: 6 minutes.
Estimated Total Annual Burden Hours: 200.
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. Written comments should
address the accuracy of the burden estimates and ways to minimize
burden including the use of automated collection techniques or the use
of other forms of information technology, as well as other relevant
aspects of the information collection request.

Approved: January 23, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-1968 Filed 1-31-96; 8:45 am]
BILLING CODE 4830-01-U

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/fr%3A96-1968. Public record. Not legal advice.