[Federal Register Volume 65, Number 203 (Thursday, October 19, 2000)]
[Notices]
[Pages 62809-62810]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-26797]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

October 12, 2000.
    The Department of the 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 November 20, 
2000 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1130.
    Form Number: IRS Form 8816.
    Type of Review: Revision.
    Title: Special Loss Discount Account and Special Estimated Tax 
Payments for Insurance Companies.

[[Page 62810]]

    Description: Form 8816 is used by insurance companies claiming an 
additional deduction under IRC section 847 to reconcile heir special 
loss discount and special estimated tax payments, and to determine 
their tax benefit associated with the deduction. The information is 
needed by the IRS to determine that the proper additional deduction was 
claimed and to insure the proper amount of special estimated tax was 
computed and deposited.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 3,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--4 hr., 18 min.
Learning about the law or the form--1 hr., 0 min.
Preparing, copying, assembling and sending the form to the IRS--1 hr., 
6 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 19,200 hours.

    OMB Number: 1545-1550.
    Notice Number: Notice 97-45.
    Type of Review: Extension.
    Title: Highly Compensated Employee Definition.
    Description: This notice provides guidance on the definition of a 
highly compensated employee within the meaning of section 414(q) of the 
Internal Revenue Code as simplified by section 1431 of the Small 
Business Job Protection Act of 1996, including an employer's option to 
make a top-paid group election under section 414(q)(1)(B)(ii).
    Respondents: Business or other for-profit, not-for-profit 
institutions.
    Estimated Number of Recordkeepers: 218,683.
    Estimated Burden Hours Per Recordkeeper: 18 minutes.
    Estimated Total Recordkeeping Burden: 65,605 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,
Department Reports Management Officer.
[FR Doc. 00-26797 Filed 10-18-00; 8:45 am]
BILLING CODE 4830-01-M