95-4239. Public Information Collection Requirements Submitted to OMB for Review

[Federal Register Volume 60, Number 35 (Wednesday, February 22, 1995)]
[Notices]
[Pages 9885-9886]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-4239]



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DEPARTMENT OF THE TREASURY


Public Information Collection Requirements Submitted to OMB for 
Review

February 14, 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 [[Page 9886]] 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: 1545-0768
Regulation ID Number: EE-178-78 Final
Type of Review: Extension
Title: Employers' Qualified Educational Assistance Programs T. D. 7898
Description: Respondents include employers who maintain education 
assistance programs for their employees. Information verifies that 
programs are qualified and that employees may exclude educational 
assistance from their gross incomes.
Respondents: Individuals or households, Business or other for-profit
Estimated Number of Respondents: 200
Estimated Burden Hours Per Respondent: 5 minutes
Frequency of Response: Annually
Estimated Total Reporting Burden: 615 hours

OMB Number: 1545-1161
Regulation ID Number: CO-8-90 Final
Type of Review: Extension
Title: Consolidated Return Regulations--Deferred Gain or Loss (T.D. 
8478)
Description: This regulation requires a statement to be attached to a 
consolidated federal income tax return by those groups which entered 
into certain intercompany transactions before the effective date of the 
temporary regulations (March 15, 1990), and that the treatment of these 
transactions will be different than that of transactions entered into 
after March 15, 1990.
Respondents: Business or other for-profit
Estimated Number of Respondents: 2,500
Estimated Burden Hours Per Respondent: 2 hours
Frequency of Response: Other (one time only)
Estimated Total Reporting Burden: 5,000 hours

OMB Number: 1545-1219
Form Number: IRS Form 8038-T
Type of Review: Revision
Title: Arbitrage Rebate and Penalty in Lieu of Arbitrage Rebate
Description: Form 8038-T is used by issuers of tax exempt bonds to 
report and pay the arbitrage rebate and to elect and/or pay various 
penalties associated with arbitrage bonds. These issuers include state 
and local governments.
Respondents: State, Local or Tribal Government
Estimated Number of Respondents/Recordkeepers: 2,500
Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping......................  8 hr., 37 min.                     
Learning about the law or the form.  3 hr., 28 min.                     
Preparing, copying, assembling, and  3 hr., 46 min.                     
 sending the form to the IRS.                                           
                                                                        

Frequency of Response: Other
Estimated Total Reporting/Recordkeeping Burden: 60,925 hours

OMB Number: 1545-1300
Regulation ID Number: FI-46-89 NPRM
Type of Review: Extension
Title: Treatment of Acquisition of Certain Financial Institutions; 
Certain Tax Consequences of Federal Financial Assistance to Financial 
Institutions
Description: Recipients of Federal financial assistance (``FFA'') must 
maintain an account of FFA that is deferred from inclusion in gross 
income and subsequently recaptured. This information is used to 
determine the recipient's tax liability. Also, tax not subject to 
collection must be reported and information must be provided if certain 
elections are made.
Respondents: Business or other for-profit, Federal Government
Estimated Number of Respondents: 1
Estimated Burden Hours Per Respondent: 1 hour
Frequency of Response: On occasion
Estimated Total Reporting Burden: 1 hour
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. 95-4239 Filed 2-21-95; 8:45 am]
BILLING CODE 4830-01-P