95-3854. Public Information Collection Requirements Submitted to OMB for Review

[Federal Register Volume 60, Number 32 (Thursday, February 16, 1995)]
[Notices]
[Pages 9075-9076]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-3854]



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DEPARTMENT OF THE TREASURY


Public Information Collection Requirements Submitted to OMB for 
Review

February 6, 1995.
    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: 1545-0045.
Form Number: IRS Form 976.
Type of Review: Extension.
Title: Claim for Deficiency Dividends Deductions by a Personal Holding 
Company, Regulated Investment Company, or Real Estate Investment Trust.
Description: Form 976 is filed by corporations that wish to claim a 
deficiency dividend deduction. The deduction allows the corporation to 
eliminate all or a portion of a tax deficiency. The IRS uses Form 976 
to determine if shareholders have included amounts in gross income.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 500.
Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--5 hr., 44 min.
    Learning about the law or the form--47 min.
    Preparing and sending the form to the IRS--55 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 3,730 hours.
Clearance Officer: Garrick Shear, [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, N.W., Washington, DC 
20224.
OMB Reviewer: Milo Sunderhauf, [phone], Office of Management and 
Budget, Room 10226, New Executive Office Building, Washington, DC 
20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 95-3854 Filed 2-15-95; 8:45 am]
BILLING CODE 4830-01-P