[Federal Register Volume 62, Number 147 (Thursday, July 31, 1997)]
[Notices]
[Pages 41130-41131]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-20114]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

July 22, 1997.
    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 1995, Pub. L. 104-13. 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: New.
    Form Number: IRS Form W-7A.
    Type of Review: New collection.
    Title: Application for Taxpayer Identification Number for Pending 
Adoptions.
    Description: Form W-7A will be used to apply for an Internal 
Revenue Service taxpayer identification number (an ATIN) for use in 
pending adoptions. An ATIN is a temporary nine-digit number issued by 
the IRS to individuals who are in the process of adopting a U.S. 
resident child but who cannot get a social security number for that 
child until the adoption is final.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 50,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--7 min.
    Learning about the law or the form--7 min.
    Preparing the form--16 min.
    Copying, assembling, and sending the form to the IRS--17 min.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 39,000 hours.

    OMB Number: 1545-0139.
    Form Number: IRS Form 2106.
    Type of Review: Extension.
    Title: Employee Business Expenses.
    Description: Internal Revenue Code (IRC) section 62 allows 
employees to deduct their business expenses to the extent of 
reimbursement in computing Adjusted Gross Income. Expenses in excess of 
reimbursements are allowed as an itemized deduction. Unreimbursed meals 
and entertainment are allowed to the extent of 50% of the expense. Form 
2106 is used to figure these expenses.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 762,514.
    Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--1 hr., 38 min.
    Learning about the law or the form--20 min.
    Preparing the form--1 hr., 13 min.
    Copying, assembling and sending the form to the IRS--41 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 2,678,861 hours.

    OMB Number: 1545-0938.
    Form Number: IRS Form 1120-IC-DISC, Schedule K and Schedule P.
    Type of Review: Extension.
    Title: Interest Charge Domestic International Sales Corporation 
Return (Form 1120); Shareholder's Statement of IC-DISC Distributions 
(Schedule K); and Intercompany Transfer Price or Commission (Schedule 
P).
    Description: U.S. corporations that have elected to be an interest 
charge domestic international sales corporation (IC-DISC) file Form 
1120-IC-DISC to report their income and deductions. The IC-DISC is not 
taxed, but IC-DISC shareholders are taxed on their share of IC-DISC 
income. IRS uses Form 1120-IC-DISC to check the IC-DISC's computation 
of income. Schedule K (Form 1120-IC-DISC) is used to report income to 
shareholders; Schedule P (Form 1120-IC-DISC) is used by the IC-DISC to 
report its dealings with related suppliers, etc.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 1,200.
    Estimated Burden Hours Per Respondent/Recordkeeper:

[[Page 41131]]



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                                                                                                                                   Copying, assembling, 
                                           Recordkeeping           Learning about the law or the        Preparing the form       and sending the form to
                                                                               form                                                      the IRS        
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1120-IC-DISC....................  95 hr., 54 min................  19 hr., 56 min................  29 hr., 49 min...............  2 hr., 9 min.          
Schedule K......................  4 hr., 4 min..................  47 min........................  54 min.......................                         
Schedule P......................  12 hr., 55 min................  1 hr., 17 min.................  1 hr., 34 min................                         
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    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 232,253 hours.
    OMB Number: 1545-1441.
    Form Number: IRS Form 2106-EZ.
    Type of Review: Extension.
    Title: Unreimbursed Employee Business Expenses.
    Description: Internal Revenue Code (IRC) section 62 allows 
employees to deduct their business expenses to the extent of 
reimbursement in computing Adjusted Gross Income. Expenses in excess of 
reimbursements are allowed as an itemized deduction. Unreimbursed meals 
and entertainment are allowed to the extent of 50% of the expense. Form 
2106-EZ is used to figure these expenses.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 3,337,019.
    Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--40 min.
    Learning about the law or the form--5 min.
    Preparing the form--28 min.
    Copying, assembling, and sending the form to the IRS--20 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 5,205,750 hours.
    Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.
    OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports, Management Officer.
[FR Doc. 97-20114 Filed 7-30-97; 8:45 am]
BILLING CODE 4830-01-P