95-19923. Public Information Collection Requirements Submitted to OMB for Review

[Federal Register Volume 60, Number 155 (Friday, August 11, 1995)]
[Notices]
[Pages 41154-41155]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-19923]



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DEPARTMENT OF THE TREASURY

Public Information Collection Requirements Submitted to OMB for 
Review

August 3, 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: 1545-0820
Regulation ID Number: EE-86-88 NPRM (Previously LR-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 of 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: 1545-0834
Form Number: None
Type of Review: Extension
Title: Regulations Under Tax Conventions--Ireland
Description: This information is needed to secure for individuals and 
businesses the benefits to which they are entitled under the tax 
convention and to facilitate the administration and enforcement of the 
tax laws of the United States. 

[[Page 41155]]

Respondents: Business or other for-profit, Individuals or households
Estimated Number of Respondents: 80
Estimated Burden Hours Per Respondent: 15 minutes
Frequency of Response: On occasion
Estimated Total Reporting Burden: 20 hours

OMB Number: 1545-1374
Form Number: IRS Form 8834
Type of Review: Revision
Title: Qualified Electric Vehicle Credit
Description: Form 8834 is used to compute an allowable credit for 
qualified electric vehicles placed in service after June 30, 1993. 
Section 1913(b) under Public Law 102-1018 created new section 20.
Respondents: Individuals or households, Business or other for-profit
Estimated Number of Respondents/Recordkeepers: 500
Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--6 hr., 13 min.
    Learning about the law or the form--24 min.
    Preparing, copying, assembling, and sending the form to the IRS--31 
min.
Frequency of Response: Annually
Estimated Total Reporting/Recordkeeping Burden: 3,565 hours
Clearance Officer: Garrick Shear, [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, N.W., 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. 95-19923 Filed 8-10-95; 8:45 am]
BILLING CODE 4830-01-P