[Federal Register Volume 62, Number 208 (Tuesday, October 28, 1997)]
[Notices]
[Page 55846]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-28522]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

October 21, 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, Public Law 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: 1545-0794.
    Regulation Project Number: LR-311-81 Final (TD 7925).
    Type of Review: Extension.
    Title: Penalties for Underpayment of Deposits and Overstated 
Deposit Claims, and Time for Filing Information Returns of Owners, 
Officers and Directors of Foreign Corporations.
    Description: Section 6046 requires information returns with respect 
to certain foreign corporations and the regulations provide the date by 
which these returns must be filed. Section 6656 provides penalties with 
respect to failure to properly satisfy tax deposit obligations and the 
regulations provide the method for applying relief from these 
penalties.
    Respondents: Individuals or households, Business or other for-
profit.
    Estimated Number of Respondents: 60,000.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 30,000 hours.

    OMB Number: 1545-1093.
    Regulation Project Number: IA-56-87 and IA-53-87 Final.
    Type of Review: Extension.
    Title: Minimum Tax--Tax Benefit Rule.
    Description: Section 58(h) of the 1954 Internal Revenue Code 
provides that the secretary shall provide for adjusting tax preference 
items where such items provided no tax benefit for any taxable year. 
This regulation provides guidance for situations where tax preference 
items provided no tax benefit because of available credits and 
describes how to claim a credit or refund of minimum tax paid on such 
preferences.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 200.
    Estimated Burden Hours Per Respondent: 12 minutes.
    Frequency of Response: Other (one-time claim for credit or refund).
    Estimated Total Reporting Burden: 40 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. 97-28522 Filed 10-27-97; 8:45 am]
BILLING CODE 4830-01-P