[Federal Register Volume 61, Number 204 (Monday, October 21, 1996)]
[Notices]
[Page 54701]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-26859]
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DEPARTMENT OF THE TREASURY
Submission to OMB for Review; Comment Request
October 9, 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 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: 1545-0071.
Form Number: IRS Form 2120.
Type of Review: Extension.
Title: Multiple Support Declaration.
Description: A taxpayer who pays more than 10%, but less than 50%,
of the support for an individual may claim that individual as a
dependent provided the taxpayer attaches declarations from anyone else
providing at least 10% support stating that they will not claim the
dependent. This form is used to show that the other contributors have
agreed not to claim the individual as a dependent.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 11,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--7 min.
Learning about the law or the form--3 min.
Preparing the form--7 min.
Copy, assembling, and sending the form to the IRS--10 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 4,950 hours.
OMB Number: 1545-0216.
Form Number: IRS Form 5713, Schedules A, B, and C.
Type of Review: Extension.
Title: International Boycott Report.
Description: Form 5713 and related Schedules A, B, and C are used
by any entity that has operations in a ``boycotting'' country. If that
entity cooperates with or participates in an international boycott it
loses a portion of the foreign tax credit, or deferral of Foreign Sales
Corporation (FSC) and Interest Charge-Domestic International Sales
Corporation (IC-DISC) benefits. The IRS uses Form 5713 to determine if
any of the above benefits should be lost. The information is also used
as the basis for a report to the Congress.
Respondents: Business or other for-profit, Individuals or
households.
Estimated Number of Respondents/Recordkeepers: 3,875.
Estimated Burden Hours Per Respondent/Recordkeeper:
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Learning about the Preparing and sending the
Form Recordkeeping law or the form form to the IRS
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5713............................... 21 hr., 31 min........ 1 hr., 58 min........ 3 hr., 36 min.
Sch. A............................. 3 hr., 7 min.......... 42 min............... 47 min.
Sch. B............................. 3 hr., 21 min......... 1 hr., 35 min........ 1 hr., 43 min.
Sch. C............................. 4 hr., 32 min......... 3 hr., 5 min......... 3 hr., 17 min.
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Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 99,809 hours.
OMB Number: 1545-0295.
Form Number: IRS Notice 210.
Type of Review: Revision.
Title: Preparation Instructions for Media Label.
Description: Notice 210, Preparation Instructions for Media Label,
instructs the filers on how to prepare their own pressure sensitive
label. This label must be attached to each and every piece of magnetic
media to identify 8 specific items needed so that the media can be
processed by the Internal Revenue Service.
Respondents: Business or other for-profit, Not-for-profit
institutions, Farms, Federal Government, State, Local or Tribal
Government.
Estimated Number of Respondents: 150,000.
Estimated Burden Hours Per Respondent: 5 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 12,765 hours.
Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue
Service, Room 5571, 1111 Constitution Avenue, N.W., Washington, DC
20224.
OMB Reviewer: Alexander T. Hunt (202) 395-7340, Office of Management
and Budget, Room 10226, New Executive Office Building, Washington, DC
20503.
Lois K. Holland,
Departmental Reports, Management Officer.
[FR Doc. 96-26859 Filed 10-18-96; 8:45 am]
BILLING CODE 4830-01-P
