[Federal Register Volume 60, Number 42 (Friday, March 3, 1995)]
[Notices]
[Page 12028]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-5272]



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DEPARTMENT OF THE TREASURY

Public Information Collection Requirements Submitted to OMB for 
Review

February 24, 1995.
    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: 1545-0746
Regulation ID Number: LR-100-78 Final
Type of Review: Extension
Title: Creditability of Foreign Taxes
Description: The information needed is a statement by the taxpayer that 
it has elected to apply the safe harbor formula of Sec. 1.901-2A(e) of 
the foreign tax credit regulations. This statement is necessary in 
order that the IRS may properly determine the taxpayer's tax liability.

Respondents: Individuals or households, Business or other for-profit, 
Farms
Estimated Number of Respondents: 110
Estimated Burden Hours Per Respondent: 20 minutes
Frequency of Response: Other (nonrecurring)
Estimated Total Reporting Burden: 37 hours
OMB Number: 1545-0755
Regulation ID Number: LR-58-83 Final
Type of Review: Extension
Title: Related Group Election with Respect to Qualified Investments in 
Foreign Base Company Shipping Operations
Description: This election converted an annual election to an election 
effective until revoked. The computational information required is 
necessary to assure that the U.S. shareholder correctly reports any 
shipping income of its controlled foreign corporations which is taxable 
to that shareholder.

Respondents: Business or other for-profit
Estimated Number of Respondents: 100
Estimated Burden Hours Per Respondent: 2 hours
Frequency of Response: Other (nonrecurring)
Estimated Total Reporting Burden: 205 hours.

OMB Number: 1545-1222
Form Number: IRS Forms 8628, 8635, and 9161
Type of Review: Extension
Title: Request for Federal Income Tax Forms for ``Plan Only'' Accounts 
(8628); Order Blank for Federal Income Tax Forms for Libraries (8635); 
and Order Blank for Federal Income Tax Forms for Miscellaneous Accounts 
(9161)
Description: These forms allow banks, post offices and libraries to 
distribute tax forms and publications to taxpayers at convenient 
locations as a service for the Internal Revenue Service.

Respondents: Business or other for-profit, Not-for-Profit institutions, 
Farms, Federal Government, State, Local or Tribal Governments
Estimated Number of Respondents: 62,911
Estimated Burden Hours Per Respondent:

------------------------------------------------------------------------
  Form                             Burden Hours                         
------------------------------------------------------------------------
8628....  5 minutes.                                                    
8635....  10 minutes.                                                   
9161....  10 minutes.                                                   
------------------------------------------------------------------------

Frequency of Response: Annually
Estimated Total Reporting Burden: 6,507 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. 95-5272 Filed 3-2-95; 8:45 am]
BILLING CODE 4830-01-P