Notices. Notice
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/register/2022/12/23/2022-27897A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 4810-AS-P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Superfund; Reverse Like-Kind Exchanges AGENCY: Departmental Offices, Department of the Treasury. ACTION: Notice. SUMMARY: The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget
(OMB)for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. DATES: Comments should be received on or before January 23, 2023 to be assured of consideration. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to *www.reginfo.gov/public/do/PRAMain.* Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function. Copies of the submissions may be obtained from Melody Braswell by emailing *PRA@treasury.gov,* calling
(202)622-1035, or viewing the entire information collection request at *www.reginfo.gov.* SUPPLEMENTARY INFORMATION: Internal Revenue Service
(IRS)*Title:* Reverse Like-Kind Exchanges. *OMB Number:* 1545-1701. *Revenue Procedure Number:* 2000-37. *Abstract:* Revenue Procedure 2000-37 provides a safe harbor for reverse like-kind exchanges in which a transaction using a “qualified exchange accommodation arrangement” will qualify for non-recognition treatment under section 1031 of the Internal Revenue Code. Revenue Procedure 2004-51 modifies sections 1 and 4 of Rev. Proc. 2000-37, 2000-2 C.B. 308, to provide that Rev. Proc. 2000-37 does not apply if the taxpayer owns the property intended to qualify as replacement property before initiating a qualified exchange accommodation arrangement (QEAA). *Current Actions:* There is no change to the paperwork burden previously approved by OMB. *Type of Review:* Extension of a currently approved collection. *Affected Public:* Individuals or households, business or other for-profit organizations, and farms. *Estimated Number of Respondents:* 1,600. *Estimated Time per Respondent:* 2 hours. *Estimated Total Annual Burden Hours:* 3,200 hours. Authority: 44 U.S.C. 3501 *et seq.* Melody Braswell, Treasury PRA Clearance Officer. [FR Doc. 2022-27897 Filed 12-22-22; 8:45 am]
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- Rev. Proc. 2000-37
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