Federal Register / Vol. 62, No. 190 / Wednesday, October 1, 1997 / Notices 51507

DEPARTMENT OF THE TREASURY

Submission to OMB for Review;

Comment Request

September 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: 1545–0155.

Form Number: IRS Form 3468.

Type of Review: Revision.

Title: Investment Credit.

Description: Taxpayers are allowed a

credit against their income tax for

certain expenses they incur for their

trades or businesses. Form 3468 is used

to compute this investment tax credit.

The information collected is used by the

IRS to verify that the credit has been

correctly computed.

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

Estimated Number of Respondents/

Recordkeepers: 360,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—11 hr., 58 min.

Learning about the law or the form—2

hr., 59 min.

Preparing and sending the form to the

IRS—3 hr., 18 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 6,566,400 hours.

OMB Number: 1545–1034.

Form Number: IRS Form 8582–CR.

Type of Review: Extension.

Title: Passive Activity Credit

Limitations.

Description: Under section 469,

credits from passive activities, to the

extent they do not exceed the tax

attributable to net passive income, are

not allowed. Form 8582–CR is used to

figure the passive activities credit

allowed and the amount of credit to be

reported on the tax return.

Respondents: Individuals or

households, Business of other for-profit,

Farms.

Estimated Number of Respondents/

Recordkeepers: 900,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—2 hr., 5 min.

Learning about the law or the form—4

hr., 22 min.

Preparing the form—3 hr., 25 min.

Copying, assembling, and sending the

form to the IRS—2 hr., 18 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden:

OMB Number: 1545–1276.

Regulation Project Number: FI–88–86

Final.

Type of Review: Extension.

Title: Real Estate Mortgage Investment

Conduits (TD 8458).

Description: Section 860E(e) imposes

an excise tax on this transfer of a

residual interest in a REMIC to a

disqualified party. The tax must be paid

by the transferor of a pass-thru entity of

which the disqualified party is an

interest holder.

Respondents: Business or other forprofit.

Estimated Number of Respondents:

1,600.

Estimated Burden Hours Per

Respondent: 20 minutes.

Frequency of Response: Annually.

Estimated Total Reporting Burden:

525 hours.

OMB Number: 1545–1546.

Revenue Procedure Number: Revenue

Procedure 97–33.

Type of Review: Extension.

Title: Electronic Federal Tax Payment

System (EFTPS).

Description: Some taxpayers are

required by regulations issued under

§ 6302(h) of the Internal Revenue Code

to make Federal Tax Deposits (FTDs)

using the Electronic Federal Tax

Payment System (EFTPS). Other

taxpayers may choose to voluntarily

participate in EFTPS. EFTPS requires

that a taxpayer complete an enrollment

form to provide the information the IRS

needs to properly credit the taxpayer’s

account. Revenue Procedure 97–33

provides procedures and information

that will help taxpayers to electronically

make FTDs and tax payments through

EFTPS.

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

Government, State, Local or Tribal

Government.

Estimated Number of Recordkeepers:

1,380,000.

Estimated Burden Hours Per

Recordkeeper: 30 minutes.

Frequency of Response: On occasion,

Weekly, Monthly, Quarterly, Semiannually, Annually, Biennially.

Estimated Total Recordkeeping

Burden: 690,000 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. 97–26025 Filed 9–30–97; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission for OMB Review;

Comment Request

September 23, 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.

Departmental Offices/Financial Crimes

Enforcement Network (FinCEN)

OMB Number: 1506–0003.

Form Number: IRS Form 8852.

Type of Review: Extension.

Title: Currency Transaction Report by

Casinos-Nevada.

Description: Nevada casinos file Form

8852 for currency transactions in excess

of $10,000 a day pursuant to Title 31.

Form 8852 is used by criminal

investigators and regulatory

enforcement authorities, during the

course of investigations involving

financial crimes. Form 8852 was created

because some of the transactions

reportable on Form 8362 are deemed

prohibited by Nevada Regulation 6A.

Respondents: Individuals or

households.

Estimated Number of Respondents/

Recordkeepers: 74.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Respondents—19 minutes

Recordkeepers—5 minutes

Frequency of Response: Other (as

required).

Estimated Total Reporting/

Recordkeeping Burden: 28,000 hours.

Clearance Officer: Lois K. Holland,

(202) 622–1563, Departmental Offices,

Room 2110, 1425 New York Avenue,

N.W., Washington, DC 20220.