63420 Federal Register / Vol. 62, No. 229 / Friday, November 28, 1997 / Notices

Form Number: IRS Form 8816.

Type of Review: Extension.

Title: Special Loss Discount Account

and Special Estimated Tax Payments for

Insurance Companies.

Description: Form 8816 is used by

insurance companies claiming an

additional deduction under IRC 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.

Respondents: Business or other forprofit.

Estimated Number of Respondents/

Recordkeepers: 3,000.

Estimated Burden Hours Per

Respondent/Recordkeeper: 3,000.

Recordkeeping .................. 6 hr., 42 min.

Learning about the law or

the form.

53 min.

Preparing, copying, assembling, and sending the

form to the IRS.

1 hr., 2 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 25,890 hours.

OMB Number: 1545–1151.

Form Number: IRS Form 8818.

Type of Review: Extension.

Title: Optional Form to Record

Redemption of Series EE—U.S. Savings

Bonds Issued After 1989.

Description: 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.

The form can be used by the individual

to keep a record of the bonds cashed so

that he or she can claim the proper

interest exclusion.

Respondents: Individuals or

households.

Estimated Number of Respondents/

Recordkeepers: 25,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping ................................. 7 min.

Learning about the law or the form 4 min.

Preparing the form .......................... 17

min.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 22,500 hours.

OMB Number: 1545–1288.

Form Number: IRS Form 8828.

Type of Review: Extension.

Title: Recapture of Federal Mortgage

Subsidy.

Description: Form 8828 is needed to

compute the section 143(m) tax on

recapture of the Federal Subsidy from

use of qualified mortgage bonds and

mortgage credit certificates in cases

where the financing is provided after

1990 and the home subject to the

financing is sold during the first 9 years

after financing was provided. IRS uses

the information to determine that the

proper amount of Federal subsidy is

recaptured.

Respondents: Individuals or

households.

Estimated Number of Respondents/

Recordkeepers: 1,000.

Estimated Burden Hours Per

Respondent/Recordkeeper: 4 hours.

Frequency of Response: Other (for

year of sale of home).

Estimated Total Reporting/

Recordkeeping Burden: 1,868 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. 97–31163 Filed 11–26–97; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission to OMB for Review;

Comment Request

November 19, 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: 1545–1554.

Form Number: IRS Form MTQ/941

and Schedule B (Form MTQ/941).

Type of Review: Revision.

Title: Montana Quarterly Tax Report/

Employer’s Quarterly Return (MTQ/

941); and Employer’s Record of Federal

Tax Liability (Schedule B).

Description: Form MTQ/941 is used

by employers to report payments made

to employees subject to income and

social security and Medicare taxes and

the amounts of these taxes. The state of

Montana and the Simplified Tax and

Wage Reporting Systems (STAWRS)

have formed a partnership to explore

the potential or combining Montana’s

quarterly reports for state withholding,

Old Fund Liability tax, and

Unemployment Insurance with the

Employer’s Quarterly Federal Tax

Return (Form 941). One form will satisfy

both state and federal requirements and

will make employer filing faster and

easier.

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

Government, State, Local or Tribal

Government.

Estimated Number of Respondents/

Recordkeepers: 175.

Estimated Burden Hours Per

Respondent/Recordkeeper:

MTQ/941 Schedule B

Recordkeeping.9 hr., 34 min .... 2 hr., 53 min.

Learning

about

the law

or the

form.

18 min ............. 6 min.

Preparing

the

form.

28 min ............. 9 min.

Frequency of Response: Quarterly.

Estimated Total Reporting/

Recordkeeping Burden: 6,486 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. 97–31164 Filed 11–26–97; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission to OMB for Review;

Comment Request

November 21, 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