[Federal Register Volume 66, Number 149 (Thursday, August 2, 2001)]
[Notices]
[Page 40315]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-19244]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 26, 2001.
    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 4, 
2001 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0121.
    Form Number: IRS Form 1116.
    Type of Review: Revision.
    Title: Foreign Tax Credit (Individual, Estate, Trust, or 
Nonresident Alien Individual).
    Description: Form 1116 is used by individuals (including 
nonresident aliens), estates or trusts who paid foreign income taxes on 
U.S. taxable income to compute the foreign tax credit. This information 
is used by the IRS to verify the foreign tax credit.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeeper: 442,425.
    Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--2 hr., 43 min.
Learning about the law or the form--1 hr., 10 min.
Preparing the form--3 hr., 4 min.
Copying, assembling, and sending the form to the IRS--34 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 2,862,104 hours.

    OMB Number: 1545-0936.
    Form Number: IRS Form 8453.
    Type of Review: Extension.
    Title: U.S. Individual Income Tax Declaration for an IRS e-file 
Return.
    Description: This form will be used to secure taxpayers' signatures 
and declarations in conjunction with the Electronic Filing program. 
This form, together with the electronic transmission, will comprise the 
taxpayer's income tax return.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 12,300,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 15 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 3,075,000 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.

Mary A. Able,
Departmental Reports Management Officer.
[FR Doc. 01-19244 Filed 8-1-01; 8:45 am]
BILLING CODE 4830-01-P