Document Headings

                    Document headings vary by document type but may contain                    the following:                  
                -                       the agency or agencies that issued and signed a document                    
                -                       the number of the CFR title and the number of each part                      the document amends, proposes to amend, or is directly                      related to                    
                -                       the agency docket number / agency internal file number                    
                -                       the RIN which identifies each regulatory action listed in                      the Unified Agenda of Federal Regulatory and Deregulatory                      Actions                    

                    See the                                          Document Drafting Handbook                                        for more details.                  

###### Department of the Treasury

# DATES:

Written comments should be received on or before January 19, 2011 to be assured of consideration.

## Internal Revenue Service (IRS)

*OMB Number:*                     1545-0023.                

*Type of Review:*                     Extension without change to a currently approved collection.                

*Title:*                     Quarterly Federal Excise Tax Return.                

*Form:*                     720.                

*Abstract:*                     The information supplied on Form 720 is used by the IRS to determine the correct tax liability. Additionally, the data is reported by the IRS to Treasury so that funds may be transferred from the general revenue funds to the appropriate trust funds.                

*Respondents:*                     Private sector: Businesses or other for-profits.                

*Estimated Total Burden Hours:*                     4,366,381 hours.                

*OMB Number:*                     1545-0128.                

*Type of Review:*                     Revision of a currently approved collection.                

*Title:*                     U.S. Life Insurance Company Income Tax Return.                

*Form:*                     1120-L.                

*Abstract:*                     Life insurance companies are required to file an annual return of income and compute and pay the tax due. The data is used to insure that companies have correctly reported taxable income and paid the correct tax.                

*Respondents:*                     Private sector: Businesses or other for-profits.                

*Estimated Total Burden Hours:*                     644,748 hours.                

*OMB Number:*                     1545-0895.                

*Type of Review:*                     Revision of a currently approved collection.                

*Title:*                     General Business Credit.                

*Form:*                     3800.                

*Abstract:*Internal Revenue Code section 38 permits taxpayers to reduce their income tax liability by the amount of their general business credit, 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:*                     Private sector: Businesses or other for-profits.                

*Estimated Total Burden Hours:*                     5,307,500 hours.                

*Bureau Clearance Officer:*                     Allan Hopkins, Internal Revenue Service,                           ( print page 79440)                        1111 Constitution Avenue, NW., Washington, DC 20224; (202) 622-6665.                

*OMB Reviewer:*                     Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395-7873.                

Dawn D. Wolfgang,

Treasury PRA Clearance Officer.

[FR Doc. 2010-31856 Filed 12-17-10; 8:45 am]

BILLING CODE 4830-01-P