97-730. Submission to OMB for Review; Comment Request

[Federal Register Volume 62, Number 8 (Monday, January 13, 1997)]
[Notices]
[Pages 1807-1808]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-730]


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DEPARTMENT OF THE TREASURY

Submission to OMB for Review; Comment Request

January 7, 1996.
    The Department of 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

[[Page 1808]]

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 2110, 1425 New York Avenue, NW., 
Washington, DC 20220.

Internal Revenue Service (IRS)

    OMB Number: 1545-0666.
    Form Number: IRS Form 673.
    Type of Review: Extension.
    Title: Statement for Claiming Benefits Provided by Section 911 of 
the Internal Revenue Code.
    Description: Form 673 is completed by a citizen of the United 
States and is furnished to his or her employer in order to exclude from 
income tax withholding all or part of the wages paid the citizen for 
services performed outside the United States.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 50,000.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 25,000 hours.

    OMB Number: 1545-1029.
    Form Number: IRS Form 8693.
    Type of Review: Extension.
    Title: Low-Income Housing Credit Disposition Bond.
    Description: Low-income Housing Credit Disposition Bond, is needed 
per Internal Revenue code (IRC) section 42(j)(6) to post bond and waive 
the recapture requirement under section 42(j) for certain dispositions 
of a building on which the low-income housing credit was claimed. 
Internal Revenue regulations section 301.7101-1 requires that the 
posting of a bond must be done on the appropriate forms as determined 
by the Internal Revenue Service.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 1,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--13 minutes
    Learning about the law or the form--14 minutes
    Preparing, copying, assembling and sending the form to the IRS--40 
minutes
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 1,120 hours.

    OMB Number: 1545-1041.
    Regulation Project Number: PS-102-86 Final.
    Type of Review: Extension.
    Title: Cooperative Housing Corporations.
    Description: This regulation provides an elective alternative to 
the proportionate share rule for allocating interest and taxes to the 
tenant-stockholders of cooperative housing corporations.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 2,500.
    Estimated Burden Hours Per Respondent: 15 minutes.
    Frequency of Response: Other (one-time election).
    Estimated Total Reporting Burden: 625 hours.

    OMB Number: 1545-1353.
    Regulation Project Number: FI-189-84 Final.
    Type of Review: Extension.
    Title: Debt Instruments with Original Issue Discount; Imputed 
Interest on Deferred Payment Sales or Exchanges of Property.
    Description: These regulations provide definitions, reporting 
requirements, elections, and general rules relating to the tax 
treatment of debt instruments with original issue discount and the 
imputation of, and accounting for, interest on certain sales or 
exchanges of property.
    Respondents: Business or other for-profit, Individuals or 
households, Farms, State, Local or Tribal Government.
    Estimated Number of Respondents: 525,000.
    Estimated Burden Hours Per Respondent: 21 minutes.
    Frequency of Response: Other (per issuance of debt instrument with 
original issue discount).
    Estimated Total Reporting Burden: 185,500 hours.

    OMB Number: 1545-1369.
    Form Number: IRS Form 9514.
    Type of Review: Extension.
    Title: Supervisor Assessment--SES Candidate Development Program.
    Description: The data collected from this form is used by the 
executive panels responsible for screening internal and external 
applicants for the SES Candidate Development Program.
    Respondents: Individuals or households, Federal Government.
    Estimated Number of Respondents: 300.
    Estimated Burden Hours Per Respondent: 5 hours.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 1,500 hours.
    Clearance Officer: Garrick Shear [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.
    OMB Reviewer: Alexander T. Hunt [phone], Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 97-730 Filed 1-10-97; 8:45 am]
BILLING CODE 4830-01-P