[Federal Register Volume 59, Number 210 (Tuesday, November 1, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-27013]
[[Page Unknown]]
[Federal Register: November 1, 1994]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Public Information Collection Requirements Submitted to OMB for
Review
October 25, 1994.
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 1980, Public Law 96-511. 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: 1545-0393.
Form Number: IRS Letters 109C and 109(SC).
Type of Review: Extension.
Title: Return Requesting Refund Unlocatable or Not Filed; Send Copy
(Letter 109C); Statement of Nonreceipt of Refund Shown on Tax Return
(Letter 109(SC)).
Description: The code requires tax returns to be filed. It also
authorizes IRS to refund any overpayment of tax. If a taxpayer inquires
about their non-receipt of refund and no return is found, this letter
is sent requesting the taxpayer to file another return.
Respondents: Individuals or households, Businesses or other for-
profit, Non-profit institutions, Small businesses or organizations.
Estimated Number of Respondents: 18,223.
Estimated Burden Hours Per Respondent: 5 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 1,513 hours.
OMB Number: 1545-1093.
Regulation ID Number: IA-56-87 and IA-53-87 Final.
Type of Review: Extension.
Title: Minimum Tax-Tax Benefit Rule.
Description: Section 58(h) of the 1954 Internal Revenue Code
provides that the Secretary shall provide for adjusting tax preference
items where such items provide no tax benefit for any taxable year.
This regulation provides guidance for situations where tax preference
items provided no tax benefit because of available credits and
describes how to claim a credit or refund of minimum tax paid on such
preferences.
Respondents: Businesses or other for-profit.
Estimated Number of Respondents: 200.
Estimated Burden Hours Per Respondent: 12 minutes.
Frequency of Response: Other (One-time claim for credit or refund).
Estimated Total Reporting Burden: 40 hours.
OMB Number: 1545-1098.
Regulation ID Number: TD 8418 (FI-91-86 NPRM, FI-90-86 TEMP, FI-90-
91 NPRM, and FI-1-90 NPRM).
Type of Review: Extension.
Title: Arbitrage Restrictions on Tax-Exempt Bonds.
Description: This regulation requires state and local governmental
issuers of tax-exempt bonds to rebate arbitrage profits earned on
nonpurpose investments acquired with the bond proceeds. Issuers are
required to submit a form with the rebate. The regulations provide for
several elections, all of which must be in writing.
Respondents: State or local governments, Non-profit institutions.
Estimated Number of Respondents/Recordkeepers: 3,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Respondents--1 hour, 30 minutes
Recordkeepers--2 hours, 48 minutes
Frequency of Response: On occasion, Other (at most, every 5 years).
Estimated Total Reporting/Recordkeeping Burden: 8,550 hours.
Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue
Service, room 5571, 1111 Constitution Avenue, NW., Washington, DC
20224.
OMB Reviewer: Milo Sunderhauf (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. 94-27013 Filed 10-31-94; 8:45 am]
BILLING CODE 4830-01-P
