48336 Federal Register / Vol. 62, No. 178 / Monday, September 15, 1997 / Notices

L. 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: 1545–0217

Form Number: IRS Forms 5735 and

Schedule P (Form 5735).

Type of Review: Extension.

Title: Possessions Corporation Tax

Credit (Under Sections 936 and 30A)

(5735); and Allocation of Income and

Expenses Under Section 936(h)(5)

(Schedule P).

Description: Form 5735 is used to

compute the possessions tax credit

under sections 936 and 30A. Schedule

P is used by corporations that elect to

share the income or expenses with their

affiliates. Each form provides the IRS

with information to determine if the

corporations have correctly computed

the tax credit and the cost-sharing or

profit-split method.

Respondents: Business or other forprofit.

Estimated Number of Respondents/

Recordkeepers: 1,371.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Form Recordkeeping Learning about the

law of the form Preparing the form

Copying, assembling, and sending

the form to the IRS

5735 ................................................................................ 20 hr., 34 min ........ 3 hr., 38 min .......... 5 hr., 4 min ............ 16 min.

Schedule P (5735) .......................................................... 10 hr., 2 min .......... 1 hr., 56 min .......... 4 hr., 2 min ............ 32 min.

Frequency of Response: Annually.

Estimated Total Reporting/Recordkeeping Burden: 32,713 hours.

OMB Number: 1545–1016.

Form Number: IRS Form 8613.

Type of Review: Extension.

Title: Return of Excise Tax on Undistributed Income of Regulated Investment Companies.

Description: Form 8613 is used by regulated investment companies to compute and pay the excise tax on undistributed

income imposed under section 4982. IRS uses the information to verify that the correct amount of tax has been reported.

Respondents: Business or other for-profit.

Estimated Number of Respondents/Recordkeepers: 1,500.

Estimated Burden Hours Per Respondent/Recordkeeper:

Form Recordkeeping Learning about the law or the

form Preparing and sending the form

5735 6 hr., 42 min 2 hr., 29 min 2 hr., 43 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 17,835 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. 97–24315 Filed 9–12–97; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission to OMB for Review;

Comment Request

September 5, 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, Pub.

L. 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: 1545–0090.

Form Number: IRS Forms 1040–SS,

1040–PR, and Anejo H–PR (Form 1040–

PR).

Type of Review: Extension.

Title: U.S. Self-Employment Tax

Return (1040–SS);

Planilla Para La Declaracion De La

Contribucion Federal Sobre El Trabajo

Por Cuenta Propia-Puerto Rico (1040–

PR); and

Contribuciones Sobre El Empleo De

Empleados Domesticos (Anejo H–PR).

Description: Form 1040–SS (Virgin

Islands, Guam, American Samoa, and

the Northern Mariana Islands) and

1040–PR (Puerto Rico) are used by selfemployed individuals to figure and

report self-employment tax under

Internal Revenue Code (IRC) chapter 2

of Subtitle A, and provide credit to the

taxpayer’s social security account.

Anejo H–PR (Form 1040–PR) is used to

compute household employment taxes.

Respondents: Individuals or

households, Business or other for-profit,

Farms.

Estimated Number of Respondents/

Recordkeepers: 56,400.

Estimated Burden Hours Per

Respondent/Recordkeeper:
Federal Register / Vol. 62, No. 178 / Monday, September 15, 1997 / Notices 48337

Form Recordkeeping Learning about the

law of the form Preparing the form

Copying, assembling, and sending

the form to the IRS

1040–SS ......................................................................... 7 hr., 19 min .......... 24 min .................... 2 hr., 36 min .......... 49 min.

1040–PR ......................................................................... 6 hr., 46 min .......... 37 min .................... 2 hr., 23 min .......... 49 min.

Anejo H–PR (Form 1040–PR) ........................................ 33 min .................... 37 min .................... 44 min .................... 35 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 581, 052 hours.

OMB Number: 1545–0118.

Form Number: IRS Form 1099–PATR.

Type of Review: Extension.

Title: Taxable Distributions Received

From Cooperatives.

Description: Form 1099–PATR is used

to report patronage dividends paid by

cooperatives (Internal Revenue Code

(IRC) section 6044). The information is

used by IRS to verify reporting

compliance on the part of the recipient.

Respondents: Business or other forprofit.

Estimated Number of Respondents/

Recordkeepers: 4,200.

Estimated Burden Hours Per

Respondent/Recordkeeper: 11 minutes.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 372,615 hours.

OMB Number: 1545–0140.

Form Number: IRS Forms 2210 and

2210–F.

Type of Review: Extension.

Title: Underpayment of Estimated Tax

by Individuals, Estates and Trusts

(2110); and Underpayment of Estimated

Tax by Farmers and Fishermen (2210–

F).

Description: Internal Revenue Code

section 6654 imposes a penalty for

failure to pay estimated tax. These forms

are used by taxpayers to determine

whether they are subject to the penalty

and to compute the penalty if it applies.

The Service uses this information to

determine whether the taxpayer is

subject to the penalty, and to verify the

penalty amount.

Respondents: Individuals or

households, Business or other for-profit,

Farms.

Estimated Number of Respondents/

Recordkeepers: 900,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Form Recordkeeping Learning about the

law of the form Preparing the form

Copying, assembling, and sending

the form to the IRS

2210 Short ...................................................................... 7 min ...................... 5 min ...................... 29 min .................... 20 min

2210 Long ....................................................................... 13 min .................... 40 min .................... 2 hr., 15 min .......... 46 min

2210–F ............................................................................ 33 min .................... 10 min .................... 20 min .................... 20 min

Frequency of Response: Annually.

Estimated Total Reporting/Recordkeeping Burden: 2,520,000 hours.

OMB Number: 1545–0142.

Form Number: IRS Form 2220.

Type of Review: Extension.

Title: Underpayment of Estimated Tax by Corporations.

Description: Form 2220 is used by corporations to determine whether they are subject to the penalty for underpayment

of estimated tax and, if so, the amount of the penalty. The IRS uses Form 2220 to determine if the penalty was

correctly computed.

Respondents: Business or other for-profit.

Estimated Number of Respondents/Recordkeepers: 702,000.

Estimated Burden Hours Per Respondent/Recordkeeper:

Form Recordkeeping Learning about the law

or the form

Preparing and sending

the form to the IRS

2220 .................................................................................................... 28 hr., 13 min. ............. 1 hr., 0 min. ................. 1 hr., 30 min.

2220, Sched A, Part I ......................................................................... 11 hr., 14 min. ............. 12 min. ........................ 23 min.

2220, Sched A, Part II ........................................................................ 23 hr., 26 min. ............. ..................................... 23 min.

2220, Sched A, Part III ....................................................................... 5 hr., 16 min. ............... ..................................... 5 min.

Frequency of Response: Annually.

Estimated Total Reporting/Recordkeeping Burden: 21,617,627 hours.

OMB Number: 1545–0175.

Form Number: IRS Form 4626.

Type of Review: Extension.

Title: Alternative Minimum Tax—Corporations.

Description: Form 4626 is used by corporations to calculate their alternative minimum tax.

Respondents: Business or other for-profit.

Estimated Number of Respondents/Recordkeepers: 100,000.

Estimated Burden Hours Per Respondent/Recordkeeper:
48338 Federal Register / Vol. 62, No. 178 / Monday, September 15, 1997 / Notices

Form Recordkeeping Learning about the

law or the form

Preparing and

sending the form to

the IRS

Form 4626 ........................................................................................................... 18 hr., 25 min ........ 14 hr., 42 min ........ 15 hr., 39 min.

Frequency of Response: Annually.

Estimated Total Reporting/Recordkeeping Burden: 4,876,000 hours.

OMB Number: 1545–0935.

Form Number: IRS Form 1120-FSC and Schedule P (Form 1120-FSC).

Type of Review: Revision.

Title: U.S. Income Tax Return of a Foreign Sales Corporation (1120-FSC); and Transfer Price or Commission (Schedule

P).

Description: Form 1120-FSC is filed by foreign corporations that have elected to be FSCs or small FSCs. The FSC

uses Form 1120-FSC to report income and expenses and to figure its tax liability. IRS uses Form 1120-FSC and Schedule

P (Form 1120-FSC) to determine whether the FSC has correctly reported its income and expenses and figured its

tax liability correctly.

Respondents: Business or other for-profit.

Estimated Number of Respondents/Recordkeepers: 5,000.

Estimated Burden Hours Per Respondent/Recordkeeper:

Form Recordkeeping Learning about the

law or the form

Preparing and

sending the form to

the IRS

1120–FSC ........................................................................................................... 92 hr., 33 min ........ 17 hr., 54 min ........ 35 hr., 47 min.

Schedule P (1120–FSC) ..................................................................................... 9 hr., 34 min .......... 1 hr., 29 min .......... 1 hr., 43 min.

Frequency of Response: Annually.

Estimated Total Reporting/Recordkeeping Burden: 1,050,650 hours.

OMB Number: 1545–0975.

Form Number: IRS Form 1120–W.

Type of Review: Extension.

Title: Estimated Tax for Corporations.

Description: Form 1120–W is used by corporations to figure estimated tax liability and the amount of each installment

payment. Form 1120–W is a worksheet only. It is not to be filed with the Internal Revenue Service.

Respondents: Business or other for-profit.

Estimated Number of Respondents/Recordkeepers: 900,000.

Estimated Burden Hours Per Respondent/Recordkeeper:

Form Recordkeeping Learning about the

law or the form Preparing the form

1120–W ............................................................................................................... 7 hr., 25 min .......... 1 hr., 53 min .......... 2 hr., 5 min

1120–W, Schedule A (Pt. I) ................................................................................ 11 hr., 14 min ........ 12 min .................... 23 min.

1120–W, Schedule A (Pt. II) ............................................................................... 23 hr., 26 min ........ ................................ 23 min.

1120–W, Schedule A (Pt. III) .............................................................................. 5 hr., 16 min .......... ................................ 5 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 10,303,188

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. 97–24316 Filed 9–12–97; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission for OMB Review;

Comment Request

September 4, 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, Pub.

L. 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.

Special Request

In order to conduct the survey

described below during September–

October 1997, the Department of the

Treasury is requesting that the Office of

Management and Budget (OMB) review

and approve this information collection

by September 16, 1997. To obtain a copy

of this study, please contact the Internal

Revenue Service Clearance Officer at the

address listed below.

Internal Revenue Service (IRS)

OMB Number: 1545–1349.

Project Number: SOI–36.

Type of Review: Revision.

Title: 1997 Refund Release

Application Customer Satisfaction

Survey.

Description: The Internal Revenue

Service has developed the automated