[Federal Register Volume 60, Number 3 (Thursday, January 5, 1995)]
[Notices]
[Page 1829]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-213]



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DEPARTMENT OF THE TREASURY

Public Information Collection Requirements Submitted to OMB for 
Review

December 29, 1994
    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: 1545-1130
Form Number: IRS Form 8816
Type of Review: Extension
Title: Special Loss Discount Account and Special Estimated Tax Payments 
for Insurance Companies
Description: Form 8816 is used by insurance companies claiming an 
additional deduction under IRC section 847, to reconcile their special 
loss discount, and special estimated tax payments, and to determine 
their tax benefit associated with the deduction. The information is 
needed by the IRS to determine that the proper additional deduction was 
claimed and to insure the proper amount of special estimated tax was 
computed and deposited.
Respondents: Businesses or other for-profit
Estimated Number of Respondents/Recordkeepers: 3,000
Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping-6 hrs., 42 min.
    Learning about the law or the form-47 min.
    Preparing, copying, assembling, and sending the form to the IRS-56 
min.
Frequency of Response: Annually
Estimated Total Reporting/Recordkeeping Burden: 25,290 hours

OMB Number: 1545-1151
Form Number: IRS Form 8818
Type of Review: Extension
Title: Optional Form to Record Redemption of College Savings Bonds
Description: If an individual redeems U.S. Savings Bonds issued after 
1989 and pays qualified higher education expenses during the year, the 
interest on the bonds is excludable from income. The form can be used 
by the individual to keep a record of the bonds cashed so that he or 
she can claim the proper interest exclusion.
Respondents: Individuals or households
Estimated Number of Respondents/Recordkeepers: 25,000
Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping-7 mins.
    Learning about the law or the form-3 mins.
    Preparing the form-17 mins.
Frequency of Response: On occasion
Estimated Total Reporting/Recordkeeping Burden: 21,500 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. 95-213 Filed 1-4-95; 8:45 am]
BILLING CODE 4830-01-P