Approved through
September 1991 to provide time for the Department to publish final
regulations responding to public comments on the information
collections. Many of these comments appear to suggest way the
collection burden could be reduced without jeopardizing the revenu
If by the next request for review under the PRA final rules or a
secon NPRM have not been published, the Department should explain
why additional time is necessary.
Inventory as of this Action
Requested
Previously Approved
09/30/1991
09/30/1991
5,000
0
0
3,333
0
0
0
0
0
SECTIONS 988 (C)(1)(D) AND (E) REQUIRE
TAXPAYERS TO MAKE CERTAIN ELECTIONS WHICH DETERMINE WHETHER SECTION
988 APPLIES. IN ADDITION, SECTIONS 988 (A)(1)(B) AND 988 (D)
REQUIRE TAXPAYERS TO IDENTIFY TRANSACTIONS WHICH GENERATE CAPITAL
GAIN OR LOSS OR WHICH ARE HEDGES OF OTHER TRANSACTIONS.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.