[Federal Register Volume 60, Number 165 (Friday, August 25, 1995)]
[Notices]
[Pages 44383-44384]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-21124]
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DEPARTMENT OF THE TREASURY
Public Information Collection Requirements Submitted to OMB for
Review
August 17, 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: 1545-0023.
Form Number: IRS Form 720.
Type of Review: Revision.
Title: Quarterly Federal Excise Tax Return.
Description: Form 720 is used to report excise taxes due from retailers
and manufacturers on the sale or manufacture of various articles, to
report taxes on facilities and services, and taxes on certain products
and commodities (gasoline and vaccines, etc. It enables IRS to monitor
excise tax liability for various categories on a single form and to
collect the tax quarterly in compliance with the law and regulations
(Internal Revenue Code (IRC) section 6011).
Respondents: Business or other for-profit, Individuals or households.
Estimated Number of Respondents/Recordkeepers: 286,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
------------------------------------------------------------------------
Learning about Preparing and
Form/sched Recordkeeping the law of the sending the to
form the IRS
------------------------------------------------------------------------
720..................... 25 hr., 7 min. 2 hr., 38 min. 9 hr., 10 min.
Schedule A.............. 1 hr., 55 min. ---- 2 min.
Schedule C--Part I...... 1 hr., 55 min. ---- 2 min.
Part II............. 18 hr., 39
min. ---- 18 min.
Part III............ 14 min. ---- ----
------------------------------------------------------------------------
Frequency of Response: Quarterly.
Estimated Total Reporting Burden/Recordkeeping: 9,313,920 hours.
OMB Number: 1545-0833.
Form Number: None.
Type of Review: Extension.
Title: Regulations Under Tax Conventions--Sweden (Part 520).
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.
Respondents: Business or other for-profit, Individuals or households.
Estimated Number of Respondents: 100.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 25 hours.
OMB Number: 1545-0837.
Form Number: None.
Type of Review: Extension.
Title: Regulations Under Tax Conventions--Germany (Part 503)
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.
Respondents: Business or other for-profit, Individuals or households.
Estimated Number of Respondents: 65.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 16 hours.
OMB Number: 1545-0841.
Form Number: None.
Type of Review: Extension.
Title: Regulations Under Tax Conventions--Austria (Part 516)
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.
Respondents: Business or other for-profit, Individuals or households.
Estimated Number of Respondents: 50.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 13 hours.
OMB Number: 1545-0844.
Form Number: None.
Type of Review: Extension.
Title: Regulations Under Tax Conventions--Greece (Part 502).
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.
Respondents: Business or other for-profit, Individuals or households.
Estimated Number of Respondents: 50.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: On occasion.
Estimated Total Recordkeeping Burden: 13 hours.
OMB Number: 1545-0845.
Form Number: None.
Type of Review: Extension.
Title: Regulations Under Tax Conventions--France (Part 514).
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 44384]]
Respondents: Individuals or households, Business or other for-profit.
Estimated Number of Respondents: 200.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 50 hours.
OMB Number: 1545-0846.
Form Number: None.
Type of Review: Extension.
Title: Regulations Under Tax Conventions--Switzerland (Part 509).
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.
Respondents: Individuals or households, Business or other for-profit.
Estimated Number of Respondents: 50.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: On occasion.
Estimated Total Recordkeeping Burden: 30 hours.
OMB Number: 1545-0848.
Form Number: None.
Type of Review: Extension.
Title: Regulations Under Tax Conventions--Denmark (Part 521).
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.
Respondents: Individuals or households, Business or other for-profit.
Estimated Number of Respondents: 100.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 25 hours.
OMB Number: 1545-0849.
Form Number: None.
Type of Review: Extension.
Title: Regulations Under Tax Conventions--Pakistan (Part 517).
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.
Respondents: Individuals or households, Business or other for-profit.
Estimated Number of Respondents: 20.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 5 hours.
OMB Number: 1545-0954.
Form Number: IRS Form 1120-ND.
Type of Review: Revision.
Title: Return for Nuclear Decommissioning Funds and Certain Related
Persons.
Description: A nuclear utility files Form 1120-ND to report the income
and taxes of a fund set up by the public utility to provide cash for
the dismantling of the nuclear power plant. The IRS uses Form 1120-ND
to determine if the fund income taxes are correctly computed and if a
person related to the fund or the nuclear utility must pay taxes on
self-dealing.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 100.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--23 hr., 12 min.
Learning about the law or the form--3 hr., 1 min.
Preparing the form--5 hr., 23 min.
Copying, assembling, and sending the form to the IRS--32 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 3,215 hours.
Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue
Service, Room 5571, 1111 Constitution Avenue, N.W., Washington, DC
20224.
OMB Reviewer: Milo Sunderhauf (202) 395-7340, Office of Management and
Budget, Room 10226, New Executive Office Building, Washington, DC
20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 95-21124 Filed 8-24-95; 8:45 am].
BILLING CODE 4830-01-P.
