[Federal Register Volume 65, Number 162 (Monday, August 21, 2000)]
[Notices]
[Page 50742]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-21143]



[[Page 50742]]

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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 9, 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 September 20, 
2000 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0975.
    Form Number: IRS Form 1120-W.
    Type of Review: Revision.
    Title: Estimated Tax for Corporations.
    Description: Form 1120-W is used by corporations to figure 
estimated tax liability and the amount of each installment payment. 
Form 1120-W is a worksheet only. It is not to be filed with the 
Internal Revenue Service.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 900,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                                          Learning about the
               Form                    Recordkeeping       law or the form            Preparing the form
----------------------------------------------------------------------------------------------------------------
1120-W...........................  7 hr., 53 min.......  1 hr., 12 min......  1 hr., 22 min.
1120-W, Sched. A (Part I)........  11 hr., 14 min......  47 min.............  1 hr., 0 min.
1120-W, Sched. A (Part II).......  23 hr., 26 min......  18 min.............  41 min.
1120-W, Sched. A (Part III)......  5 hr., 15 min.......  0 min..............  5 min.
----------------------------------------------------------------------------------------------------------------

    Frequency of response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 9,469,690 hours.
    OMB Number: 1545-1538.
    Notice Number: Notice 97-34.
    Type of Review: Extension.
    Title: Information Reporting on Transactions With Foreign Trusts 
and on Large Foreign Gifts.
    Description: This notice provide guidance on the foreign trust and 
foreign gift information reporting provisions contained in the Small 
Business Job Protection Act of 1996.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 5,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 45 minutes.
    Frequency of response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 3,750 hours.
    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. 00-21143 Filed 8-18-00; 8:45 am]
BILLING CODE 4830-01-P