[Federal Register Volume 66, Number 174 (Friday, September 7, 2001)]
[Notices]
[Pages 46863-46864]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-22541]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 30, 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 October 9, 2001 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0895.
    Form Number: IRS Form 3800.
    Type of Review: Revision.
    Title: General Business Credit.
    Description: Internal Revenue Code (IRC) section 38 permits 
taxpayers to reduce their income tax liability by the amount of their 
general business credit,

[[Page 46864]]

which is an aggregation of their investment credit, jobs credit, 
alcohol fuel credit, research credit, low-income housing credit, 
disabled access credit, enhanced oil recovery credit, etc. Form 3800 is 
used to figure the correct credit.
    Respondents: Business or other for-profit, Individuals or 
households, Farms.
    Estimated Number of Respondents/Recordkeeper: 272,197.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--17 hr., 56 min.
Learning about the law or the form--1 hr., 0 min.
Preparing and sending the form to the IRS--1 hr., 19 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 5,514,712 hours.

    OMB Number: 1545-1317.
    Regulation Project Number: INTL-79-91 Final.
    Type of Review: Extension.
    Title: Information Returns Required of United States Persons with 
Respect to Certain Foreign Corporations.
    Description: These regulations clarify certain requirements of 
sections 1.6035-1, 1.6038-2 and 1.6046-1 of the Income Tax Regulations 
relating to Form 5471 and affect controlled foreign corporations and 
their United States shareholders.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 1.
    Estimated Burden Hours Per Respondent: 1 hour.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 1 hour.

    OMB Number: 1545-1336.
    Form Number: IRS Forms 9455 and 9456.
    Type of Review: Extension.
    Title: IRS Taxpayer Education Programs Annual Survey (9455); and 
IRS Taxpayer Education Programs Annual Survey 2nd Notice (9456).
    Description: The data collected will be used to estimate the number 
of individuals who teach IRS' tax education programs, and the number of 
students who are exposed to the Understanding Taxes High School, UT-8th 
Grade, UT-Post Secondary, and the Small Business Tax Education Programs 
during the course of a year. It will also be used to justify the 
continued use of these programs. This effort is in line with IRS 
initiatives on reducing taxpayer burden and Compliance 2000 initiatives 
to encourage voluntary compliance with the tax laws.
    Respondents: State, Local or Tribal Government.
    Estimated Number of Respondents: 120,800.
    Estimated Burden Hours Per Respondent: 10 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 20,137 hours.

    OMB Number: 1545-1575.
    Regulation Project Number: REG-116608-97 Final .
    Type of Review: Extension.
    Title: Eligibility Requirements After Denial of the Earned Income 
Credit.
    Description: This information is to provide guidance to taxpayers 
who have been denied the earned income credit (EIC).
    Respondents: Individuals or households.
    Estimated Number of Respondents: 1.
    Estimated Burden Hours Per Respondent: 1 hour .
    Frequency of Response: Other (once).
    Estimated Total Reporting Burden: 1 hour.
    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. 01-22541 Filed 9-6-01; 8:45 am]
BILLING CODE 4830-01-P