[Federal Register Volume 63, Number 171 (Thursday, September 3, 1998)]
[Notices]
[Page 47083]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-23715]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

August 27, 1998.
    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.
    Dates: Written comments should be received on or before October 5, 
1998 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1142.
    Regulation Project Number: INTL-939-86 NPRM.
    Type of Review: Extension.
    Title: Insurance Income of a Controlled Foreign Corporation for 
Taxable Years Beginning after December 31, 1986.
    Description: The information is required to determine the location 
of moveable property; allocate income and deductions to the proper 
category of insurance income, determine those amounts for computing 
taxable income that are derived from an insurance company annual 
statement, and permit a Controlled Foreign Corporation to elect to 
treat related person insurance income as income effectively connected 
with the conduct of a U.S. trade or business.
    Respondents: Businesses or other for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 500.
    Estimated Burden Hours Per Respondent/Recordkeeper: 28 hr., 12 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 14,100 hours.

    OMB Number: 1545-1575.
    Regulation Project Number: REG-116608-97 NPRM and Temporary.
    Type of Review: Extension.
    Title: EIC Eligibility Requirements.
    Description: Information is required to assist the IRS in 
determining whether the taxpayer is entitled to the earned income 
credit.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 1.
    Estimated Burden Hours Per Respondent: 1 hour.
    Frequency of Response: Other.
    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: 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. 98-23715 Filed 9-2-98; 8:45 am]
BILLING CODE 4830-01-P