97-25156. Submission to OMB for Review; Comment Request

[Federal Register Volume 62, Number 184 (Tuesday, September 23, 1997)]
[Notices]
[Pages 49723-49724]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-25156]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

September 16, 1997.
    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, 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: 1545-0054.
    Form Number: IRS Form 1000.
    Type of Review: Extension.
    Title: Ownership Certificate.
    Description: Form 1000 is used by citizens, resident individuals, 
fiduciaries, partnerships and nonresident partnerships in connection 
with interest on bonds of a domestic, resident foreign, or nonresident 
foreign corporation containing a tax-free covenant and issued before 
January 1, 1934. IRS uses the information to verify that the correct 
amount of tax was withheld.
    Respondents: Bureau or other for-profit, Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 1,500.
    Estimated Burden Hours Per Respondent/Recordkeeper: 3 hours, 22 
minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 5,040 hours.
    OMB Number: 1545-0975.
    Form Number: IRS Form 5500-EZ.
    Type of Review: Extension.
    Title: Annual Return of One-Participant (Owners and Their Spouses) 
Retirement Plan.
    Description: Form 5500-EZ is an annual return filed by a one-
participant or one-participant and spouse pension plan. The IRS uses 
this data to

[[Page 49724]]

determine if the plan appears to be operating properly as required 
under the law or whether the plan should be audited.
    Respondents: Bureau or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 193,299.
    Estimated Burden Hours Per Respondent/Recordkeeper:

    Recordkeeping--11 hr., 43 min.
    Learning about the law or the form--1 hr., 22 min.
    Preparing the form--2 hr., 32 min.
    Copying, assembling, and sending the form to the IRS--16 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 3,073,454 hours.

Clearance Officer: Garrick Shear [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt [phone], Office of Management 
and Budget, Room 10226, New Executive Office Building, Washington, DC 
20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 97-25156 Filed 9-22-97; 8:45 am]
BILLING CODE 4830-01-P