[Federal Register Volume 62, Number 134 (Monday, July 14, 1997)]
[Notices]
[Pages 37639-37640]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-18331]
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DEPARTMENT OF THE TREASURY
Submission to OMB for Review; Comment Request
June 30, 1997.
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.
Internal Revenue Service (IRS)
OMB Number: 1545-0257.
Form Number: IRS Forms 8109, 8109-B, and 8109-C.
Type of Review: Extension.
Title: Federal Tax Deposit Coupon (8109 and 8109-B); and FTD
Address Change (8109-C)
Description: Federal Tax Deposit Coupons are used to deposit
certain types of taxes at authorized depositaries. Coupons are sent to
the IRS Centers for crediting to taxpayers' accounts. Data is used by
the IRS to make the credit and to verify tax deposits claimed on the
returns. The FTD Address Change is used to change the address on the
FTD coupons. All taxpayers required to make deposits are affected.
Respondents: Business or other for-profit, Not-for-profit
institutions, Farms, Federal Government, State, Local or Tribal
Government.
Estimated Number of Respondents: 9,800,700.
Estimated Burden Hours Per Respondent:
Form 8109--2 minutes.
Form 8109-B--3 minutes.
Form 8109-C--1 minute.
[[Page 37640]]
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 2,016,425 hours.
OMB Number: 1545-1086.
Form Number: IRS Form 8725.
Type of Review: Extension.
Title: Excise Tax on Greenmail.
Description: Form 8275 is used by persons who receive ``greenmail''
to compute and pay the excise tax on greenmail imposed under section
5881. IRS uses the information to verify that the correct amount of tax
has been reported.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 12.
Estimated Burden Hours Per Respondent/Recordkeepers:
Recordkeeping--5 hr., 30 min.
Learning about the law or the form--42 min.
Preparing and sending the form to the IRS--49 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 84 hours.
OMB Number: 1545-1091.
Form Number: IRS Form 8810.
Type of Review: Extension.
Title: Corporate Passive Activity Loss and Credit Limitations.
Description: Under section 469, losses and credits from passive
activities, to the extent they exceed passive income (or/in the case of
credits, the tax attributable to net passive income), are not allowed.
Form 8810 is used by personal service corporations and closely held
corporations to figure the passive activity loss and credits allowed
and the amount of loss and credit to be reported on their tax return.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 100,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--26 hr., 19 min.
Learning about the law or the form--5 hr., 34 min.
Preparing and sending the form to the IRS--6 hr., 14 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 3,811,000 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. 97-18331 Filed 7-11-97; 8:45 am]
BILLING CODE 4830-01-P
