[Federal Register Volume 65, Number 238 (Monday, December 11, 2000)]
[Notices]
[Pages 77425-77426]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-31375]


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DEPARTMENT OF THE TREASURY

Submission for OMB review; comment request


  

November 30, 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 January 10, 
2001.

Internal Revenue Service (IRS)

    OMB Number: 1545-1151.
    Form Number: IRS Form 8818.
    Type of Review: Extension.
    Title: Optional Form to Record Redemption of Series EE and I U.S. 
Savings Bonds Issued After 1989.
    Description: Under Internal Revenue Code section 135, if an 
individual redeems U.S. Savings Bonds issued after 1989 and pays 
qualified higher education expenses during the year, the interest on 
the bonds is excludable from income. Form 8818 can be used to keep a 
record of the bonds cashed so that the taxpayer can claim the proper 
interest exclusion.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 25,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

------------------------------------------------------------------------
                                                                Minutes
------------------------------------------------------------------------
Recordkeeping................................................         13
Learning about the law or the form...........................          5
Preparing the form...........................................         21
------------------------------------------------------------------------

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 32,000 hours.
    OMB Number: 1545-1567.
    Form Number: IRS Form 8854.
    Type of Review: Extension.
    Title: Expatriation Information Statement.
    Description: Internal Revenue Code Section 6039G requires persons 
who lost U.S. citizenship to provide information concerning 
citizenship, income tax liability, net worth, and net assets. Form 8854 
is used to report this information.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 11,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

------------------------------------------------------------------------
                                   Part I  (in
                                    minutes)          Parts I and II
------------------------------------------------------------------------
Recordkeeping..................              33  2 hr., 57 min.
Learning about the law or the                13  26 min.
 form.
Preparing the form.............              40  1 hr., 24 min.
Copying, assembling, and                     20  35 min.
 sending the form to the IRS.
------------------------------------------------------------------------


[[Page 77426]]

    Frequency of Response: Other (Once).
    Estimated Total Reporting/Recordkeeping Burden: 23,060 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. 00-31375 Filed 12-8-00; 8:45 am]
BILLING CODE 4830-01-U