Proposed Collection; Comment Request for Notice 96-65

DEPARTMENT OF THE TREASURY

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 February 21,

1997 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 5569, 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 announces 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 new law

within a reasonable period of time. The notice also announces how to

elect to apply the new 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: December 17, 1996.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 96-32524 Filed 12-20-96; 8:45 am]

BILLING CODE 4830-01-P