95-13418. Public Information Collection Requirements Submitted to OMB for Review.

[Federal Register Volume 60, Number 105 (Thursday, June 1, 1995)]
[Notices]
[Page 28653]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-13418]



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DEPARTMENT OF THE TREASURY

Public Information Collection Requirements Submitted to OMB for 
Review.

May 25, 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: 1545-0121.
    Form Number: IRS Form 1116.
    Type of Review: Revision.
    Title: Foreign Tax Credit--Individual, Fiduciary, or Nonresident 
Alien Individual.
    Description: Form 1116 is used by individuals (including 
nonresident aliens) and fiduciaries who paid foreign income taxes on 
U.S. taxable income, to compute the foreign tax credit. This 
information is used by IRS to verify the foreign tax credit.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 589,900.
    Estimated Burden Hours Per Respondent/Recordkeepers:
    Recordkeeping: 2 hr., 44 min.
    Learning about the law or the form: 46 min.
    Preparing the form: 1 hr., 53 min.
    Copying, assembling, and sending the form to the IRS: 55 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 3,380,128 hours.

    OMB Number: 1545-0213.
    Form Number: IRS Form 5578.
    Type of Review: Extension.
    Title: Annual Certification of Racial Nondiscrimination for a 
Private School Exempt From Federal Income Tax.
    Description: Form 5578 is used by private schools that do not file 
Schedule A (Form 990) to certify that they have a racially 
nondiscriminatory policy toward students as outlined in Rev. Proc. 75-
50. The Internal Revenue Service uses the information to help ensure 
that the school is maintaining a nondiscriminatory policy in keeping 
with its exempt status.
    Respondents: Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 1,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping: 2 hr., 52 min.
    Learning about the law or the form: 53 min.
    Preparing and sending the form to the IRS: 59 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 4,750 hours.

    OMB Number: 1545-0773.
    Regulation ID Number: LR-90-84 Final (T.D. 8172).
    Type of Review: Extension.
    Title: Notice Requires of Executor or Receiver Regulations Section 
301.6036-1.
    Description: Internal Revenue Code (IRC) section 6036 requires 
executors or receivers to advise the district director of their 
appointment or authorization to act. This information is necessary so 
that IRS will know of the proceedings and who to contact for delinquent 
returns or taxes.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 50,000.
    Estimated Burden Hours Per Respondent: 15 minutes.
    Frequency of Response: Other (Nonrecurring).
    Estimated Total Reporting Burden: 12,500 hours.
    Clearance Officer: Garrick Shear [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW., 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. 95-13418 Filed 5-31-95; 8:45 am]
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