48132 Federal Register / Vol. 62, No. 177 / Friday, September 12, 1997 / Notices

DATES: Written comments should be

received on or before November 12,

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: Employer’s Quarterly Federal

Tax Return.

OMB Number: 1545–0029.

Form Number: 941, 941–PR, 941–SS,

Schedule B (Form 941) and Schedule B

(Form 941–PR).

Abstract: Form 941 is used by

employers to report payments made to

employees subject to income and social

security/Medicare taxes and the

amounts of these taxes. Form 941–PR is

used by employers in Puerto Rico to

report social security and Medicare

taxes only. Form 941–SS is used by

employers in the U.S. possessions to

report social security and Medicare

taxes only. Schedule B is used by

employers to record their employment

tax liability.

Current Actions: There are no changes

being made to these forms at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations, individuals or

households, not-for-profit institutions,

Federal government, and state, local or

tribal governments.

Estimated Number of Respondents:

12,494,773.

Estimated Time Per Respondent: 25

hrs., 31 min.

Estimated Total Annual Burden

Hours: 318,978,543.

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: September 5, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–24267 Filed 9–11–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 8816

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

8816, pecial Loss Discount Account and

Special Estimated Tax Payments for

Insurance Companies.

DATES: Written comments should be

received on or before November 12,

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: Special Loss Discount Account

and Special Estimated Tax Payments for

Insurance Companies.

OMB Number: 1545–1130.

Form Number: 8816.

Abstract: Form 8816 is used by

insurance companies claiming an

additional deduction under Internal

Revenue Code section 847 to reconcile

their special loss discount and special

estimated tax payments, and to

determine their tax benefit associated

with the deduction. The information is

needed by the IRS to determine that the

proper additional deduction was

claimed and to insure the proper

amount of special estimated tax was

computed and deposited.

Current Actions: There are no changes

being made to the form at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

3,000.

Estimated Time Per Respondent: 8 hr.,

26 min.

Estimated Total Annual Burden

Hours: 25,290.

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
Federal Register / Vol. 62, No. 177 / Friday, September 12, 1997 / Notices 48133

or start-up costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: September 5, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–24268 Filed 9–11–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 8818

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

8818, Optional Form To Record

Redemption of Series EE U.S. Savings

Bonds Issued After 1989.

DATES: Written comments should be

received on or before November 12,

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: Optional Form To Record

Redemption of Series EE U.S. Savings

Bonds Issued After 1989.

OMB Number: 1545–1151.

Form Number: 8818.

Abstract: Under Internal Revenue

Code section 135, if an individual

redeems U.S. savings bonds issued after

1989 and pays qualified higher

education expenses during the year, the

interest on the bonds is excludable from

income. Form 8818 can be used to keep

a record of the bonds cashed so that the

taxpayer can claim the proper interest

exclusion.

Current Actions: There are no changes

being made to the form at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals or

households.

Estimated Number of Responses:

50,000.

Estimated Time Per Response: 26 min.

Estimated Total Annual Burden

Hours: 21,500.

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

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: September 5, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–24269 Filed 9–11–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[CO–46–94]

Proposed Collection; Comment

Request for Regulation Project

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 an

existing final regulation, CO–46–94

(T.D. 8594), Losses on Small Business

Stock (§ 1.1244(e)–1).

DATES: Written comments should be

received on or before November 12,

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 information collection

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5569, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Losses on Small Business Stock.

OMB Number: 1545–1447.

Regulation Project Number: CO–46–

94.

Abstract: Section 1.1244(e)–1(b) of the

regulation requires that a taxpayer

claiming an ordinary loss with respect

to section 1244 stock must have records

sufficient to establish that the taxpayer

satisfies the requirements of section

1244 and is entitled to the loss. The

records are necessary to enable the

Service examiner to verify that the stock

qualifies as section 1244 stock and to

determine whether the taxpayer is

entitled to the loss.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals or

households, and business or other forprofit organizations.

Estimated Number of Respondents:

10,000.

Estimated Time Per Respondent: 12

minutes.

Estimated Total Annual Burden

Hours: 2,000.

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