[Federal Register Volume 63, Number 125 (Tuesday, June 30, 1998)]
[Notices]
[Pages 35643-35644]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-17335]
[[Page 35643]]
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DEPARTMENT OF THE TREASURY
Submission to OMB for Review; Comment Request
June 23, 1998.
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 1995, Public Law 104-13. 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.
DATES: Written comments should be received on or before July 30, 1998
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0134.
Form Number: IRS Form 1128.
Type of Review: Revision.
Title: Application to Adopt, Change, or Retain a Tax Year.
Description: Form 1128 is needed in order to process taxpayers'
request to change their tax year. All information requested is used to
determine whether the application should be approved. Respondents are
taxable and nontaxable entities including individuals, partnerships,
corporations, estates, tax-exempt organizations and cooperatives.
Respondents: Business or other for-profit, Individuals or
households, Not-for-profit institutions, Farms
Estimated Number of Respondents/Recordkeepers: 11,800.
Estimated Burden Hours Per Respondent/Recordkeeper:
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Form 1128 parts I and II Form 1128 parts I and III.
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Recordkeeping......................... 9 hr., 34 min...................... 16 hr., 59 min.
Learning about the law or the form.... 3 hr., 23 min...................... 4 hr., 56 min.
Preparing and sending the form to the 3 hr., 41 min...................... 6 hr., 38 min.
IRS.
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Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 282,002 hours.
OMB Number: 1545-0633.
Notice Number: Notices 437, 438 and 466.
Type of Review: Extension.
Title: Notice of Intention to Disclose.
Description: Notice is required by 26 U.S.C. 6110(f). A reply is
necessary if recipient disagrees with the Service's proposed deletions.
The Service uses the reply to consider propriety of making additional
deletions to public inspection version of written determinations or
related background file documents.
Respondents: Individuals or households, Business or other for-
profit, Not-for-profit institutions, Farms, State, Local or Tribal
Government.
Estimated Number of Respondents: 2,500.
Estimated Burden Hours Per Respondent: 30 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 1,250 hours.
OMB Number: 1545-0820.
Regulation Project Number: EE-86-88 NPRM (Previously 279-81).
Type of Review: Extension.
Title: Incentive Stock Options.
Description: The affected public includes corporations that
transfer stock to employees after 1979 pursuant to the exercise a
statutory stock option. The corporation must furnish the employee
receiving the stock with a written statement describing the transfer.
The statement will assist the employee in filing their tax returns.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 50,000.
Estimated Burden Hours Per Respondent: 20 minutes.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 16,650 hours.
OMB Number: 1545-1081.
Form Number: IRS Form 8809.
Type of Review: Revision.
Title: Request for Extension of Time to File Information Returns.
Description: Form 8809 is used to request an extension of time to
file certain information returns. It will be used by IRS to process
request expeditiously and to track from year to year those who
repeatedly ask for an extension.
Respondents: Business or other for-profit, Individuals or
households, Not-for-profit institutions, Farms, Federal Government,
State, Local or Tribal Government.
Estimated Number of Respondents/Recordkeepers: 50,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--2 hr., 4 min.
Learning about the law or the form--10 min.
Preparing and sending the form to the IRS--26 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 133,000 hours.
OMB Number: 1545-1165.
Form Number: IRS Form 8821.
Type of Review: Revision.
Title: Tax Information Authorization.
Description: Form 8821 is used to appoint someone to receive or
inspect certain tax information. Data is used to identify appointees
and to ensure that confidential information is not divulged to
unauthorized persons.
Respondents: Individuals or households, Business or other for-
profit, Not-for-profit institutions, Farms.
Estimated Number of Respondents/Recordkeepers: 200,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--7 minutes.
Learning about the law and the form--12 minutes.
Preparing the form--24 minutes.
Copying, assembling, and sending the form to the IRS--20 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 210,000 hours.
OMB Number: 1545-1189.
Form Number: IRS Form 8819.
Type of Review: Extension.
Title: Dollar Election Under Section 985.
Description: Form 8819 is filed by U.S. and foreign businesses to
elect the U.S. dollar as their functional currency or as the functional
currency of their controlled entities. The IRS uses Form 8819 to
determine if the election is properly made.
Respondents: Business or other for-profit.
Estimated Number of Respondent/Recordkeepers: 1,500.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--2 hr., 52 min.
Learning about the law or the form--1 hr., 17 min.
Preparing and sending the form to the IRS--1 hr., 23 min.
Frequency of Response: On occasion.
[[Page 35644]]
Estimated Total Reporting/Recordkeeping Burden: 8,325 hours.
OMB Number: 1545-1354.
Form Number: IRS Form 8833.
Type of Review: Revision.
Title: Treaty-Based Return Position Disclosure Under Section 6114
or 7701(b).
Description: Form 8833 is used by taxpayers that are required by
section 6114 to disclose a treaty-based return position to disclose
that position. The form may also be used to make the treaty-based
position disclosure required by regulations section 301.7701(b)-7(b)
for ``dual resident'' taxpayers.
Respondents: Business or other for-profit, Individuals or
households.
Estimated Number of Respondents/Recordkeepers: 6,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--3 hr., 7 min.
Learning about the law or the form--1 hr., 35 min.
Preparing and sending the form to the IRS--1 hr., 43 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 38,460 hours.
Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue
Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of
Management and Budget, Room 10226, New Executive Office Building,
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 98-17335 Filed 6-29-98; 8:45 am]
BILLING CODE 4830-01-P
