Federal Register / Vol. 65, No. 104 / Tuesday, May 30, 2000 / Notices 34529

tax withheld. Form 1040–ES(NR) is

used by nonresident aliens to pay any

income tax due in excess of tax

withheld. Form 1040–ES (Espanol) is

printed in Spanish for use in Puerto

Rico and includes payment vouchers for

payment of self-employment tax on a

current basis.

Current Actions: There are no changes

being made to the forms at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals or

households.

Estimated Number of Responses:

40,991,991.

Estimated Time Per Response: 2

hours, 19 minutes.

Estimated Total Annual Burden

Hours: 94,589,400.

The following paragraph applies to all

of the collections of information covered

by this notice:

An agency may not conduct or

sponsor, and a person is not required to

respond to, a collection of information

unless the collection of information

displays a valid OMB control number.

Books or records relating to a collection

of information must be retained as long

as their contents may become material

in the administration of any internal

revenue law. Generally, tax returns and

tax return information are confidential,

as required by 26 U.S.C. 6103.

Request for Comments

Comments submitted in response to

this notice will be summarized and/or

included in the request for OMB

approval. All comments will become a

matter of public record. Comments are

invited on: (a) Whether the collection of

information is necessary for the proper

performance of the functions of the

agency, including whether the

information shall have practical utility;

(b) the accuracy of the agency’s estimate

of the burden of the collection of

information; (c) ways to enhance the

quality, utility, and clarity of the

information to be collected; (d) ways to

minimize the burden of the collection of

information on respondents, including

through the use of automated collection

techniques or other forms of information

technology; and (e) estimates of capital

or start-up costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: May 16, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–13327 Filed 5–26–00; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 1120–IC–DISC,

Schedules K and P

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice and request for

comments.

SUMMARY: The Department of the

Treasury, as part of its continuing effort

to reduce paperwork and respondent

burden, invites the general public and

other Federal agencies to take this

opportunity to comment on proposed

and/or continuing information

collections, as required by the

Paperwork Reduction Act of 1995,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the IRS is

soliciting comments concerning Form

1120-IC-DISC, Interest Charge Domestic

International Sales Corporation Return,

Schedule K (Form 1120–IC–DISC),

Shareholder’s Statement of IC–DISC

Distributions, and Schedule P (Form

1120–IC–DISC), Intercompany Transfer

Price or Commission.

DATES: Written comments should be

received on or before July 31, 2000 to be

assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the form(s) and instructions

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5242, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Form 1120–IC–DISC, Interest

Charge Domestic International Sales

Corporation Return, Schedule K (Form

1120–IC–DISC), Shareholder’s

Statement of IC–DISC Distributions, and

Schedule P (Form 1120–IC–DISC),

Intercompany Transfer Price or

Commission.

OMB Number: 1545–0938.

Form Numbers: 1120–IC–DISC,

Schedules K and P.

Abstract: U.S. corporations that have

elected to be an interest charge domestic

international sales corporation (IC–

DISC) file Form 1120–IC–DISC to report

their income and deductions. The IC–

DISC is not taxed, but IC–DISC

shareholders are taxed on their share of

IC–DISC income. IRS uses Form 1120–

IC–DISC to check the IC–DISC’s

computation of income. Schedule K

(Form 1120–IC–DISC) is used to report

income to shareholders. Schedule P

(Form 1120–IC–DISC) is used by the IC–

DISC to report its dealings with related

suppliers.

Current Actions: Questions 2, 7, and

8 on Form 1120–IC–DISC (Schedule O)

were deleted. The three deleted

questions are a part of the new Schedule

N (Form 1120), Foreign Operations of

U.S. Corporations, that corporations will

attach to their Form 1120–IC–DISC for

the 2000 tax year.

Type of Review: Revision of a

currently approved collection.

Affected Public: Business or other forprofit organizations and individuals or

households.

Estimated Number of Respondents:

1,200.

Estimated Time Per Respondent: 191

hours, 28 minutes.

Estimated Total Annual Burden

Hours: 229,747.

The following paragraph applies to all

of the collections of information covered

by this notice:

An agency may not conduct or

sponsor, and a person is not required to

respond to, a collection of information

unless the collection of information

displays a valid OMB control number.

Books or records relating to a collection

of information must be retained as long

as their contents may become material

in the administration of any internal

revenue law. Generally, tax returns and

tax return information are confidential,

as required by 26 U.S.C. 6103.

Request for Comments

Comments submitted in response to

this notice will be summarized and/or

included in the request for OMB

approval. All comments will become a

matter of public record. Comments are

invited on: (a) Whether the collection of

information is necessary for the proper

performance of the functions of the

agency, including whether the

information shall have practical utility;

(b) the accuracy of the agency’s estimate

of the burden of the collection of

information; (c) ways to enhance the

quality, utility, and clarity of the

information to be collected; (d) ways to

minimize the burden of the collection of

information on respondents, including

through the use of automated collection

techniques or other forms of information

technology; and (e) estimates of capital

or start-up costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: May 11, 2000.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 00–13336 Filed 5–26–00; 8:45 am]

BILLING CODE 4830–01–U