[Federal Register Volume 61, Number 27 (Thursday, February 8, 1996)]
[Notices]
[Page 4811]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-2656]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Information Collection Activities; Comment Request
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting
comments concerning Form 3115, Application for Change in Accounting
Method.
DATES: Written comments should be received on or before April 8, 1996
to be assured of consideration.
ADDRESSES: Direct all written comments to Garrick R. Shear, Internal
Revenue Service, T:FP, room 5571, 1111 Constitution Avenue NW.,
Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the information collection should be directed to Martha R.
Brinson, (202) 622-3869, Internal Revenue Service, T:FP, room 5571,
1111 Constitution Avenue NW., Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Application for Change in Accounting Method.
OMB Number: 1545-0152.
Form Number: 3115.
Abstract: Form 3115 is used by taxpayers who wish to change their
method of computing their taxable income. The form is used by the IRS
to determine if electing taxpayers have met the requirements and are
able to change to the method requested.
Current Actions: Form 3115 is revised to encourage the submission
of detailed and complete information from applicants. Many of the
questions have been reorganized by category to simplify preparation.
Some of the general questions have been clarified and a number of
questions in the various schedules have been eliminated or combined.
Type of Review: Revision of a currently approved form.
Affected Public: Individuals, corporations, cooperatives, qualified
personal service corporations, exempt organizations, partnerships, S
corporations, and insurance companies.
Estimated Number of Respondents: 6,400.
Estimated Time Per Respondent: 42 hrs., 16 min.
Estimated Total Annual Burden Hours: 270,490.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Written comments should
address the accuracy of the burden estimates and ways to minimize
burden including the use of automated collection techniques or the use
of other forms of information technology, as well as other relevant
aspects of the information collection request.
Approved: January 31, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-2656 Filed 2-7-96; 8:45 am]
BILLING CODE 4830-01-U
