[Federal Register Volume 64, Number 205 (Monday, October 25, 1999)]
[Notices]
[Pages 57513-57514]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-27707]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
October 15, 1999.
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
2110, 1425 New York Avenue, NW, Washington, DC 20220.
DATES: Written comments should be received on or before November 24,
1999 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1002.
Form Number: IRS Form 8621.
Type of Review: Extension.
Title: Return by a Shareholder of a Passive Foreign Investment
Company or Qualified Electing Fund.
Description: Form 8621 is filed by a U.S. shareholder who owns
stock in a foreign investment company. The form is used to report
income, make an election to extend the time for payment of tax, and to
pay an additional tax and interest amount. The IRS uses Form 8621 to
determine if these shareholders have correctly reported amounts of
income, made the election correctly, and have correctly computed the
additional tax and interest amount.
Respondents: Business or other for-profit, Individuals or
households.
Estimated Number of Respondents/Recordkeepers: 2,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping................................ 13 hr., 38 min.
Learning about the law or the form........... 6 hr., 27 min.
Preparing and sending the form to the IRS.... 6 hr., 58 min.
Frequency of Response: Annually
Estimated Total Reporting/Recordkeeping Burden: 54,080 hours.
OMB Number: 1545-1417.
Form Number: IRS Form 8845.
Type of Review: Extension.
Title: Indian Employment Credit.
Description: Employers can claim a credit for hiring American
Indians or their spouses to work within an Indian reservation. The
credit is figured by multiplying by 20% the increase in wages and
health insurance costs over the comparable amount paid or incurred
during calendar year 1993.
[[Page 57514]]
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 1,246.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping................................ 7 hr., 25 min.
Learning about the law or the form........... 1 hr., 12 min.
Preparing and sending the form to the IRS.... 1 hr., 22 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 12,423 hours.
Clearance Officer: Garrick Shear, Internal Revenue Service, Room
5244, 1111 Constitution Avenue, NW, Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of
Management and Budget, Room 10202, New Executive Office Building,
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 99-27707 Filed 10-22-99; 8:45 am]
BILLING CODE 4830-01-P
