[Federal Register Volume 65, Number 54 (Monday, March 20, 2000)]
[Notices]
[Pages 15035-15036]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-6732]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

March 8, 2000.
    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 April 19, 2000, 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0202.
    Form Number: IRS Forms 5310 and 6088.
    Type of Review: Revision.
    Title: Application for Determination Upon Termination (5310); and 
Distributable Benefits from Employee Pension Benefit Plans (6088).

[[Page 15036]]

    Description: Employers who have qualified deferred compensation 
plans can take an income tax deduction for contributions to their 
plans. IRS uses the data on Forms 5310 and 6088 to determine whether a 
plan still qualifies and whether there is any discrimination in 
benefits.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 30,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

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                                                       Form 5310                         Form 6088
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Recordkeeping..............................  48 hr., 47 min..............  6 hr., 28 min.
Learning about the law or the form.........  5 hr., 31 min...............  1 hr., 12 min.
Preparing, copying, assembling and sending   12 hr., 33 min..............  1 hr., 21 min.
 the form to the IRS.
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    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 1,138,050 hours.
    OMB Number: 1545-0957.
    Form Number: IRS Form 8508.
    Type of Review: Extension.
    Title: Request for Waiver From Filing Information Returns on 
Magnetic Media.
    Description: Certain filers of information returns are required by 
law to file on magnetic media. In some instances, waivers from this 
requirement are necessary and justified. Form 8508 is submitted by the 
filer and provides information on which IRS will base its waiver 
determination.
    Respondents: Business or other for-profit, not-for-profit 
institution, farms, Federal Government, State, Local or Tribal 
Government.
    Estimated Number of Respondents: 1,000.
    Estimated Burden Hours Per Respondent: 45 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 750.

Clearance Officer: Garrick Shear, Internal Revenue Service, Room 5244, 
1111 Constitution Avenue, NW, Washington, DC 20224
OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of Management 
and Budget, Room 10202, New Executive Office Building, Washington, DC 
20503

Lois K. Holland,
Departmental Reports, Management Officer.
[FR Doc. 00-6732 Filed 3-17-00; 8:45 am]
BILLING CODE 4830-01-M