[Federal Register Volume 64, Number 166 (Friday, August 27, 1999)]
[Notices]
[Page 46969]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-22264]
[[Page 46969]]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
August 20, 1999.
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 1995, Pub. L. 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 September 27,
1999 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0126.
Form Number: IRS Form 1120-F.
Type of Review: Revision.
Title: U.S. Income Tax Return of a Foreign Corporation.
Description: Form 1120-F is used by foreign corporations that have
investments, or a business, or a branch in the U.S. The IRS uses Form
1120-F to determine if the foreign corporation has correctly reported
its income, deductions, and tax, and to determine if it has paid the
correct amount of tax.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 21,618.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--107 hr., 8 min.
Learning about the law or the form--40 hr., 19 min.
Preparing the form--69 hr., 53 min.
Copying, assembling, sending the form to the IRS--7 hr., 31 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 4,860,807 hours.
OMB Number: 1545-1150.
Form Number: IRS Form 990-EZ.
Type of Review: Extension.
Title: Short Form Return of Organization Exempt From Income Tax
Under section 501(c) of the Internal Revenue Code (except Black Lung
Benefit trust or Private Foundation) or section 4947(a)(1) Nonexempt
Charitable Trust.
Description: Form 990-EZ is needed to determine that IRC section
501(a) tax-exempt organizations fulfill the operating conditions of
their tax exemption. IRS uses the information from this form to
determine if the filers are operating within the rules of their
exemption.
Respondents: Not-for-profit institutions.
Estimated Number of Respondents/Recordkeepers: 124,184.
Estimated Burden Hours Per Respondent/Recordkeeper:
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Learning about the law of Copying, assembling, and
Form Recordkeeping the form Preparing the form sending the form to the IRS
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990............................ 96 hr., 23 min............... 16 hr., 48 min.............. 21 hr., 55 min.............. 48 min
990-EZ......................... 28 hr., 28 min............... 10 hr., 34 min.............. 12 hr., 16 min.............. 16 min
Schedule A (990)............... 50 hr., 13 min............... 9 hr., 26 min............... 10 hr., 40 min..............
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Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 6,381,816 hours.
Clearance Officer: Garrick Shear, 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 10202, New Executive Office Building,
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 99-22264 Filed 8-26-99; 8:45 am]
BILLING CODE 4830-01-P
