[Federal Register Volume 60, Number 165 (Friday, August 25, 1995)]
[Notices]
[Pages 44379-44380]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-21119]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Public Information Collection Requirements Submitted to OMB for
Review
August 14, 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: 1545-0256.
Form Number: IRS Forms 941c and 941cPR.
Type of Review: Extension.
Title: Supporting Statement to Correct Information (941c), Planilla
Para La Correccion De Informacion (941cPR).
Description: Used by employers to correct previously reported FICA
or income tax data. It may be used to support a credit or adjustment
claimed on a current return for an error in a prior return period. The
information is used to reconcile wages and taxes previously reported or
used to support claim for refund credit or adjustment of FICA or income
tax.
Respondents: Business or other for-profit, Not-for-profit
institutions, State, Local or Tribal Government.
Estimated Number of Respondents/Recordkeepers: 98,050.
Estimated Burden Hours Per Respondent/Recordkeeper
------------------------------------------------------------------------
Form 941c Form 941cPR
------------------------------------------------------------------------
Recordkeeping.......... 8 hr., 51 min.......... 7 hr., 25 min.
Preparing the form..... 8 min.................. 7 min.
------------------------------------------------------------------------
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 8,528,697 hours.
OMB Number: 1545-962 .
Form Number: IRS Publication 1075.
Type of Review: Extension.
Title: Safeguard Procedures and Safeguard Activity Reports.
Description: Internal Revenue Code section 6103(p) requires that
IRS provide periodic reports to Congress describing safeguard
procedures utilized by agencies, which receive information from the
IRS, to protect the
[[Page 44380]]
confidentiality of the information. This section also requires that
these agencies furnish reports to the IRS describing their safeguards.
Respondents: State, Local or Tribal Government, Business or other
for-profit, Not-for-profit institutions, Federal Government.
Estimated Number of Respondents: 5,100.
Estimated Burden Hours Per Respondent: 5 hours.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 25,500 hours.
OMB Number: 1545-1012.
Form Number: IRS Form 5305A-SEP.
Type of Review: Reinstatement.
Title: Salary Reduction and Other Elective Simplified Employee
Pension--Individual Retirement Accounts Contribution Agreement.
Description: This form is used by an employer to make an agreement
to provide benefits to all employees under a salary reduction
Simplified Employee Pension (SEP) described in section 408(k). This
form is not to be filed with IRS, but to be retained in the employers
records as proof of establishing such a plan, thereby justifying a
deduction for contributions made to this SEP. The data is used to
verify the deduction.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 100,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--40 min.
Learning about the law or the form--54 min.
Preparing the form--1 hr., 5 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 265,000.
OMB Number: 1545-1102.
Regulation ID Number: PS-19-82 Final, Notice 89-1 and Notice 89-6.
Type of Review: Extension.
Title: Carryover Allocations and Other Rules Relating to the Low-
Income Housing Credit.
Description: The regulations provide the Service the information it
needs to ensure that low-income housing tax credits are being properly
allocated under section 42. This is accomplished through the use of
carryover allocation documents, election statements, and binding
agreements executed between taxpayers (e.g., individuals, businesses,
etc.) and housing credit agencies.
Respondents: Individuals or households, Business or other for-
profit, Not-for-profit institutions, State, Local or Tribal Government.
Estimated Number of Respondents: 2,230.
Estimated Burden Hours Per Respondent: 4 hours, 30 minutes.
Frequency of Response: Other.
Estimated Total Reporting Burden: 4,008 hours.
OMB Number: 1545-1355.
Regulation ID Number: INTL-848-89 NPRM.
Type of Review: Extension.
Title: Taxable Year of Certain Foreign Corporations Beginning After
July 10, 1989.
Description: Proposed regulations set forth the ``required year''
for ``specified foreign corporations'' for taxable years beginning
after July 10, 1989, and give guidance on which foreign corporations
must change their taxable year and how to effect the change in taxable
year. Specified foreign corporations must conform to the required year
and must state so on Form 5471.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 1.
Estimated Burden Hours Per Respondent: 1 hour.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 1 hour.
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.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 95-21119 Filed 8-24-95; 8:45 am].
BILLING CODE 4830-01-P