[Federal Register Volume 66, Number 174 (Friday, September 7, 2001)]
[Notices]
[Page 46865]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-22543]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 31, 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: 1545-0971.
    Form Number: IRS Form 1041-ES.
    Type of Review: Extension.
    Title: Estimated Income Tax for Estates and Trusts.
    Description: Form 1040-ES is used by fiduciaries of estates and 
trusts to make estimated tax payments if their estimated tax is $1,000 
or more. IRS uses the data to credit taxpayers' accounts and to 
determine if the estimated tax has been properly computed and timely 
paid.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 1,200,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--19 min.
Learning about the law or the form--15 min.
Preparing the form--1 hr., 33 min.
Copying, assembling, and sending the form to the IRS--1 hr.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 3,281,200 hours.
    OMB Number: 1545-1292.
    Regulation Project Number: PS-97-91 and PS-101-90 Final.
    Type of Review: Extension.
    Title: Enhanced Oil Recovery Credit.
    Description: This regulation provides guidance concerning the costs 
subject to the enhanced oil recovery credit, the circumstances under 
which the credit is available, and procedures for certifying to the 
Internal Revenue Service that a project meets the requirements of 
section 43(c) of the Internal Revenue Code.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 20.
    Estimated Burden Hours Per Respondent: 73 hours.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 1,460 hours.
    OMB Number: 1545-1617.
    Regulation Project Number: REG-118966-97 Final.
    Type of Review: Extension.
    Title: Information Reporting With Respect to Certain Foreign 
Partnerships and Certain Foreign Corporations.
    Description: Section 6038 requires certain U.S. persons who own 
interests in controlled foreign partnerships or certain foreign 
corporations to annually report information to the IRS. This regulation 
provides reporting rules to identify foreign partnerships and foreign 
corporations which are controlled by U.S. persons.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 500.
    Estimated Burden Hours Per Respondent: 30 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 250 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. 01-22543 Filed 9-6-01; 8:45 am]
BILLING CODE 4830-01-P