[Federal Register Volume 59, Number 56 (Wednesday, March 23, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6733]


[[Page Unknown]]

[Federal Register: March 23, 1994]


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DEPARTMENT OF THE TREASURY
 

Public Information Collection Requirements Submitted to OMB for 
Review

March 16, 1994.
    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 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

OMB Number: 1545-0122
Form Number: IRS Form 1118, Schedule I and Schedule J
Type of Review: Revision
Title: Foreign Tax Credit--Corporations
Description: Form 1118 and separate Schedules I and J are used by 
domestic and foreign corporations to claim a credit against tax for 
taxes paid to foreign countries. The IRS uses Form 1118 and related 
schedules to determine if the corporation has computed the foreign tax 
credit correctly.
Respondents: Businesses or other for-profit
Estimated Number of Respondents/Recordkeepers: 10,000
Estimated Burden Hours Per Respondent/Recordkeeper: 

----------------------------------------------------------------------------------------------------------------
                                                             Learning about the law or    Preparing and sending 
                                     Recordkeeping                   the form              the form to the IRS  
----------------------------------------------------------------------------------------------------------------
Form 1118...................  71 hr., 45 min..............  18 hr., 19 min.............  22 hr., 42 min.        
Sched. I....................  8 hr., 51 min...............  1 hr.......................  1 hr., 11 min.         
Sched. J....................  89 hr., 12 min..............  1 hr., 5 min...............  2 hr., 35 min.         
----------------------------------------------------------------------------------------------------------------

Frequency of Response: Annually
Estimated Total Reporting/Recordkeeping Burden: 3,397,363 hours

OMB Number: 1545-0295
Form Number: IRS Form 5064 Notice 210
Type of Review: Extension
Title: Media Label (5064) Preparation Instructions for Media Label, 
Form 5064 (Notice 210)
Description: ``Notice 210'' Preparation Instructions for Media Label, 
Form 5064 instructs the payer of the procedure in filing out this 
particular form. This form/label must be attached to each and every 
piece of media to identify 8 specific items needed so that the media 
can be processed by the Internal Revenue Service.
Respondents: States or local governments, Farms, Businesses or other 
for-profit, Federal agencies or employees, Non-profit institutions, 
Small businesses or organizations
Estimated Number of Respondents: 150,000
Estimated Burden Hours Per Respondent: 5 minutes
Frequency of Response: On occasion
Estimated Total Reporting Burden: 12,765 hours

OMB Number: 1545-0714
Form Number: IRS Forms 8027 and 8027-T
Type of Review: Extension
Title: Employer's Annual Information Return of Tip Income and Allocated 
Tips (8027); Transmittal of Employer's Annual Information Return of Tip 
Income and Allocated Tips (8027-T)
Description: To help IRS in its examinations of returns filed by tipped 
employees, large food or beverage establishments are required to report 
annually information concerning food or beverage operations receipts, 
tips reported by employees, and in certain cases, the employer must 
allocate tips to certain employees.
Respondents: Individuals or households, State or local governments, 
Businesses or other for-profit, Non-profit institutions
Estimated Number of Respondents/Recordkeepers: 52,050
Estimated Burden Hours Per Respondent/Recordkeeper: 

------------------------------------------------------------------------
                                          Form 8027         Form 8027-T 
------------------------------------------------------------------------
Recordkeeping......................  5 hr., 59 min.......  43 min.      
Learning about the law or the form.  35 min..............               
Preparing and sending the form to    43 min..............  1 min.       
 the IRS.                                                               
------------------------------------------------------------------------

Frequency of Response: Annually
Estimated Total Reporting/Recordkeeping Burden: 358,170 hours
OMB Number: 1545-0957
Form Number: IRS Form 8508
Type of Review: Extension
Title: Request for Waiver From Filing Information Returns on Magnetic 
Media.
Description: Certain filers of information returns are required by law 
to file on magnetic media. In some instances, waivers from this 
requirement are necessary and justified. Form 8508 is submitted by the 
filer and provides information on which IRS will base its waiver 
determination.
Respondents: States or local governments, Farms, Businesses or other 
for-profit, Federal agencies or employees, Non-profit institutions, 
Small businesses or organizations
Estimated Number of Respondents: 3,000
Estimated Burden Hours Per Respondent: 45 minutes
Frequency of Response: On occasion
Estimated Total Reporting Burden: 2,250 hours
Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue 
Service Room 5571, 1111 Constitution Avenue, NW. Washington, DC 20224
OMB Reviewer: Milo Sunderhauf (202) 395-6880, Office of Management and 
Budget, Room 3001, New Executive Office Building, Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 94-6733 Filed 3-22-94; 8:45 am]
BILLING CODE: 4830-01-P