40400 Federal Register / Vol. 62, No. 144 / Monday, July 28, 1997 / Notices

Estimated Number of Respondents:

3,000.

Estimated Burden Hours Per

Respondent: 3 hours, 13 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden:

9,633 hours.

OMB Number: 1545–1542.

Form Number: IRS Form 8482.

Type of Review: Extension.

Title: Magnetic Tape of Federal Tax

Deposits.

Description: This form is used to

transmit Federal Tax Deposit payment

information on magnetic tape from

authorized reporting agents and/or

fiduciaries to the IRS Service Centers.

Respondents: Business or other forprofit.

Estimated Number of Respondents:

14,000.

Estimated Burden Hours Per

Respondent: 3 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden:

700 hours.

Clearance Officer: Garrick Shear (202)

622–3869, Internal Revenue Service,

Room 5571, 1111 Constitution Avenue,

NW, Washington, DC 20224.

OMB Reviewer: Alexander T. Hunt

(202) 395–7860, Office of Management

and Budget, Room 10226, New

Executive Office Building, Washington,

DC 20503.

Lois K. Holland,

Departmental Reports, Management Officer.

[FR Doc. 97–19713 Filed 7–25–97; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission to OMB for Review;

Comment Request

July 22, 1997.

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.

Internal Revenue Service (IRS)

OMB Number: 1545–0059.

Form Number: IRS Form 4137.

Type of Review: Extension.

Title: Social Security and Medicare

Tax on Unreported Tip Income.

Description: Section 3102 requires an

employee who receives tips subject to

Social Security and Medicare tax to

compute tax due on these tips if the

employee did not report them to his or

her employer. The data is used to help

verify that the Social Security and

Medicare tax on tip income is correctly

computed.

Respondents: Individuals or

households.

Estimated Number of Respondents/

Recordkeepers: 76,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—26 min.

Learning about the law or the form—

7 min.

Preparing the form—21 min.

Copying, assembling, and sending the

form to the IRS—17 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 90,440 hours.

OMB Number: 1545–0228.

Form Number: IRS Form 6252.

Type of Review: Extension.

Title: Installment Sale Income.

Description: Information is needed to

figure and report an installment sale for

a casual or incidental sale of personal

property, and a sale of real property by

someone not in the business of selling

real estate. Data is used to determine

whether the installment sale has been

properly reported and the correct

amount of profit is included in income

on the taxpayer’s return.

Respondents: Business or other forprofit, Individuals or households, Notfor-profit institutions, Farms.

Estimated Number of Respondents/

Recordkeepers: 782,848.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—1 hr., 25 min.

Learning about the law or the form—

40 min.

Preparing the form—56 min.

Copying, assembling and sending the

form to the IRS—20 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 2,630,369 hours.

OMB Number: 1545–0644.

Form Number: IRS Form 6781.

Type of Review: Extension.

Title: Gains and Losses From Section

1256 Contracts and Straddles.

Description: Form 6781 is used by

taxpayers in computing their gains and

losses from Section 1256 Contracts and

Straddles and their special tax

treatment. The data is used to verify that

the tax reported accurately reflects any

such gains and losses.

Respondents: Business or other forprofit, Individuals or households.

Estimated Number of Respondents/

Recordkeepers: 100,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—10 hr., 17 min.

Learning about the law or the form—

2 hr., 33 min.

Preparing the form—3 hr., 46 min.

Copying, assembling and sending the

form to the IRS—16 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 1,686,000 hours.

OMB Number: 1545–0998.

Form Number: IRS Form 8615.

Type of Review: Extension.

Title: Tax on Children Under Age 14

Who Have Investment Income of More

Than $1,300.

Description: Under section 1(g),

children under age 14 who have

unearned income may be taxed on part

of that income at their parent’s tax rate.

Form 8615 is used to see if any of the

child’s unearned income is taxed at the

parent’s rate and, if so, to figure the

child’s tax on his or her unearned

income and earned income, if any.

Respondents: Individuals or

households.

Estimated Number of Respondents/

Recordkeepers: 500,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—13 min.

Learning about the law or the form—

13 min.

Preparing the form—45 min.

Copying, assembling, and sending the

form to the IRS—17 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 735,000 hours.

OMB Number: 1545–1035.

Form Number: IRS Form 8611.

Type of Review: Extension.

Title: Recapture of Low-Income

Housing Credit.

Description: Internal Revenue Code

(IRC) section 42 permits owners of

residential rental projects providing

low-income housing to claim a credit

against their income tax. If the property

is disposed of or it fails to meet certain

requirements over a 15-year compliance

period and a bond is not posted, the

owner must recapture on Form 8611

part of the credit(s) taken in prior years.

Respondents: Business or other forprofit, Individuals or households.

Estimated Number of Respondents/

Recordkeepers: 1,200.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—6 hr., 56 min.

Learning about the law or the form—

1 hr., 12 min.

Preparing and sending the form to the

IRS—1 hr., 22 min.
Federal Register / Vol. 62, No. 144 / Monday, July 28, 1997 / Notices 40401

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 10,459 hours.

Clearance Officer: Garrick Shear (202)

622–3869, Internal Revenue Service,

Room 5571, 1111 Constitution Avenue,

NW, Washington, DC 20224.

OMB Reviewer: Alexander T. Hunt

(202) 395–7860, Office of Management

and Budget, Room 10226, New

Executive Office Building, Washington,

DC 20503.

Lois K. Holland,

Departmental Reports, Management Officer.

[FR Doc. 97–19714 Filed 7–25–97; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

[Treasury Order Number 101–21]

Delegation of Authority To Approve

Death Gratuity Payment

Dated: July 17, 1997.

1. By virtue of the authority vested in

the Secretary of the Treasury by 31

U.S.C. 321(b), I hereby delegate the

authority of the Secretary under Section

651 of the Treasury, Postal Service, and

General Government Appropriations

Act for Fiscal Year 1997, as enacted in

the Omnibus Consolidated

Appropriations Act for Fiscal Year 1997

(Pub. L. 104–208, 110 Stat. 3009–368–

69) to the heads of bureaus and the

Inspector General to exercise any right

or power, make any finding or

determination, or perform any duty or

obligation which the Secretary of the

Treasury is authorized to exercise, make

or perform under Section 651 related to

such death gratuity payment.

2. For purposes of this delegation, the

Deputy Assistant Secretary

(Administration) shall serve as the head

of the bureau for the Departmental

Offices.

3. The death gratuity shall be in

addition to other amounts paid and

offset only by statutorily mandated

amounts paid by the Department of

Labor under 5 U.S.C. 8133(f), 5 U.S.C.

8134(a), and, if appropriate, any amount

paid under Section 312, Pub. L. 103–

332. The amount paid under the above

authorities, plus the death gratuity

payment, may not total more than

$10,000. Before paying a death gratuity,

the Department of Labor must be

contacted to ascertain the amount of the

offset.

4. Each death gratuity payment

recommendation must be submitted to

the bureau chief counsel for review, and

must be approved by the head of the

bureau, or the Inspector General.

Complete and final authority to

authorize the payment of a death

gratuity, and to determine, in any

particular case, who is the decedent’s

personal representative rests with the

bureau head and the Inspector General

for their respective organizations. These

officials may be guided with respect to

the determination of the decedent’s

personal representative by: (a) formal

designations of executors and

administrators made by the decedent, or

by operation of State law; (b) orders of

precedence governing the payment of a

Federal employee’s unpaid

compensation, as set forth in Title 5; (c)

advice and guidance from the

Department of Labor; and (d) by any

other factor(s) considered to be relevant.

5. The bureau head and Inspector

General shall authorize death gratuity

payments when presented with clear

and convincing evidence that an

employee, in the performance of duty,

sustained an injury on or after August

2, 1990, which resulted in the

employee’s death. This includes

employees who die after separation

from service if the death is the result of

an injury sustained in the line of duty.

It does not include employees whose

death is determined to have resulted

from willful misconduct. Claims for

payment which, by available evidence,

do not clearly and convincingly

establish entitlement to a death gratuity

payment shall await a Department of

Labor determination and the

concurrence of the bureau head and

Inspector General in the Department of

Labor finding.

6. The authority delegated herein may

not be redelegated.

Robert E. Rubin,

Secretary of the Treasury.

[FR Doc. 97–19781 Filed 7–25–97; 8:45 am]

BILLING CODE 4810–25–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 8853

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

8853, Medical Savings Accounts and

Long-Term Care Services and Contracts.

DATES: Written comments should be

received on or before September 26,

1997 to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the form and instructions

should be directed to Martha R. Brinson,

(202) 622–3869, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Medical Savings Accounts and

Long-Term Care Services and Contracts.

OMB Number: To be assigned later.

Form Number: Form 8853.

Abstract: This form is used by

individuals to report general

information about their medical savings

accounts (MSAs), to figure their MSA

deductions, and to figure their taxable

distributions from MSAs. The form is

also used to report taxable payments

from long-term care (LTC) contracts.

Current Actions: This is a new

collection of information.

Type of Review: New OMB approval.

Affected Public: Individuals or

households.

Estimated Number of Respondents:

2,250,000.

Estimated Time Per Respondent: 1 hr.,

43 min.

Estimated Total Annual Burden

Hours: 3,877,500.

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