95-16858. Public Information Collection Requirements Submitted to OMB for Review

[Federal Register Volume 60, Number 132 (Tuesday, July 11, 1995)]
[Notices]
[Pages 35789-35790]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-16858]



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DEPARTMENT OF THE TREASURY

Public Information Collection Requirements Submitted to OMB for 
Review

June 30, 1995.
    The Department of the 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: 1545-0112
Form Number: IRS Form 1099-INT
Type of Review: Extension
Title: Interest Income
Description: This form is used for reporting interest income paid, as 
required by sections 6049 and 6041 of the Internal Revenue Code. It is 
used to verify that payees are correctly reporting their income
Respondents: Business or other for-profit, individuals or households, 
not-for-profit institutions, Federal Government
Estimated Number of Respondents: 790,000
Estimated Burden Hours Per Respondent: 12 minutes
Frequency of Response: Annually
Estimated Total Reporting Burden: 64,400,000 hours

OMB Number: 1545-0190
Form Number: IRS Form 4876-A
Type of Review: Extension
Title: Election To Be Treated as an Interest Charge DISC
Description: A domestic corporation and its shareholders must elect to 
be an interest charge domestic international sales corporations (IC 
DISC). Form 4876-A is used to make the election. IRS uses the 
information to determine if the corporation qualifies to be an IC-DISC
Respondents: Business or other for-profit
Estimated Number of Respondents/Recordkeepers: 1,000
Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--4 hr., 4 min.
    Learning about the law or the form--1 hr., 5 min.
    Preparing and sending to the form to the IRS--1 hr., 13 min.
Frequency of Response: Other
Estimated Total Reporting/Recordkeeping Burden: 6,360 hours

OMB Number: 1545-1153
Regulation ID Number: PS-73-89 Final (T.D. 8370)
Type of Review: Extension
Title: Excise Tax on Chemicals That Deplete the Ozone Layer and on 
Products Containing Such Chemicals
Description: Section 6881 of the Internal Revenue Code imposes a tax on 
ozone-depleting chemicals sold or used by a manufacturer or importer 
thereof and imported taxable products sold or used by an importer 
thereof. A floor stocks tax is also imposed. This regulation provides 
reporting and recordkeeping rules
Respondents: Business or other for-profit
Estimated Number of Respondents/Recordkeepers: 300
Estimated Burden Hours Per Respondent/Recordkeeper: 24 minutes
Frequency of Response: On occasion
Estimated Total Reporting/Recordkeeping Burden: 75,142 hours

OMB Number: 1545-1287
Regulation ID Number: FI-3-91 Final
Type of Review: Extension
Title: Capitalization of Certain Policy Acquisition Expenses
Description: Insurance companies that enter into reinsurance agreements 
must determine the amounts to be capitalized under those agreements 
consistently. The regulations provide elections to permit companies to 
shift the burden of capitalization for their mutual benefit
Respondents: Business or other for-profit
Estimated Number of Respondents: 2,070
Estimated Burden Hours Per Respondent: 1 hour
Frequency of Response: Annually
Estimated Total Reporting Burden: 2,070 hours

OMB Number: 1545-1354
Form Number: IRS Form 8833
Type of Review: Extension
Title: Treaty-Based Return Position Disclosure Under Section 6114 or 
7701(b)
Description: Taxpayers that are required by section 6114 to disclose a 
treaty-based return position will use Form 8833 to disclose that 
position. The form may also be used to make the treaty-based return 
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., 29 min.
    Preparing and sending the form to the IRS--1 hr., 37 min.
Frequency of Response: Annually 

[[Page 35790]]

Estimated Total Reporting/Recordkeeping Burden: 37,260 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. 95-16858 Filed 7-10-95; 8:45 am]
BILLING CODE 4830-01-P