[Federal Register Volume 59, Number 155 (Friday, August 12, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-19675]


[[Page Unknown]]

[Federal Register: August 12, 1994]


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DEPARTMENT OF THE TREASURY
 

Public Information Collection Requirements Submitted to OMB for 
Review

August 5, 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 (IRS)

OMB Number: 1545-0142
Form Number: IRS Form 2220
Type of Review: Revision
Title: Underpayment of Estimated Tax by Corporations
Description: Form 2220 is used by corporations to determine whether 
they are subject to the penalty for underpayment of estimated tax and, 
if so, the amount of the penalty. The IRS uses Form 2220 to determine 
if the penalty was correctly computed.
Respondents: Businesses or other for-profit, Small businesses or 
organizations
Estimated Number of Respondents/Recordkeepers: 702,000
Estimated Burden Hours Per Respondent/Recordkeeper: 

------------------------------------------------------------------------
                                    Learning about      Preparing and   
      Form         Recordkeeping    the law or the  sending the the form
                                         form         form to the IRS   
------------------------------------------------------------------------
2220............  30 hr., 38 min.  28 hr., 56 min.  1 hr., 41 min.      
2220, Sch. A,     11 hr., 14 min.   12 min........  23 min.             
 Part. I.                                                               
2220, Sch. A.,    23 hr., 26 min.  ...............  23 min.             
 Part II.                                                               
2220, Sch. A.,    5 hr., 16 min..  ...............  5 min.              
 Part III.                                                              
------------------------------------------------------------------------

Frequency of Response: On occasion
Estimated Total Reporting/Recordkeeping Burden: 21,554,447 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) 395-7340, Office of Management and 
Budget, Room 10226, New Executive Office Building, Washington, DC 
20503.
Dale A. Morgan,
Departmental Reports Management Officer.
[FR Doc. 94-19675 Filed 8-11-94; 8:45 am]
BILLING CODE 4830-01-M