[Federal Register Volume 67, Number 70 (Thursday, April 11, 2002)]
[Notices]
[Page 17758]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-8802]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 4, 2002.
    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 May 13, 2002 to 
be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0152.
    Form Number: IRS Form 3115.
    Type of Review: Extension.
    Title: Application for Change in Accounting Method.
    Description: Form 3115 is used by taxpayers who wish to change 
their method of computing their taxable income. The form is used by the 
IRS to determine if electing taxpayers have met the requirements and 
are able to change to the method requested.
    Respondents: Business or other for-profit, individuals or 
households, not-for-profit institutions, farms.
    Estimated Number of Respondents/Recordkeepers: 6,400.
    Estimated Burden Hours Per Respondent/Recordkeeper:

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                                                                 Learning about the law   Preparing and sending
                 Form                       Recordkeeping             or the form          the form to the IRS
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Form 3115............................  20 hr., 34 min.........  3 hr., 15 min..........  4 hr., 55 min.
Schedule A...........................  4 hr., 18 min..........  1 hr., 40 min..........  1 hr., 50 min.
Schedule B...........................  4 hr., 46 min..........  45 min.................  2 hr., 4 min.
Schedule C...........................  27 hr., 1 min..........  1 hr., 39 min..........  3 hr., 22 min.
Schedule D...........................  5 hr., 1 min...........  1 hr., 59 min..........  2 hr., 9 min.
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    Frequency of Response: On occasion, Quarterly, Other (when needed).
    Estimated Total Reporting/Recordkeeping Burden: 272,062 hours.
    Clearance Officer: Glenn P. Kirkland, Internal Revenue Service, 
Room 6411, 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. 02-8802 Filed 4-10-02; 8:45 am]
BILLING CODE 4830-01-P