The Department of the 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 11000, 1750 Start Printed Page 385Pennsylvania Avenue, NW., Washington, DC 20220.
Written comments should be received on or before February 3, 2005 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1290.
Type of Review: Extension.
Title: FI-86 (Final) Bad Debt Reserves of Banks.
Description: Section 585© of the Internal Revenue Code requires large banks to change from the reserve method of accounting to the specific charge off method of accounting for bad debts. The information required by section 1.585-8 of the regulations identifies any election made or revoked by the taxpayer in accordance with section 585©.
Respondents: Business or other for-profit.
Estimated Total Burden Hours: 625 hours.
Clearance Officer: Glenn P. Kirkland, (202) 622-3428, Internal Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt, (202) 395-7316, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503.Start Signature
Michael A. Robinson,
Treasury PRA Clearance Officer.
[FR Doc. E5-8248 Filed 1-3-06; 8:45 am]
BILLING CODE 4830-01-P