64628 Federal Register / Vol. 62, No. 235 / Monday, December 8, 1997 / Notices

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 690 hours.

OMB Number: 1545–1558.

Revenue Procedure Number: Revenue

Procedure 97–43 and Revenue Ruling

97–39.

Type of Review: Extension.

Title: Procedures for Electing Out of

Exemptions Under Section 1.475(c)–1

(Revenue Procedure 97–43); and Mark

to Market Accounting Method for

Dealers in Securities (Revenue Ruling

97–39).

Description: Revenue Procedure 97–

43 provides taxpayers automatic

consent to change to mark-to-market

accounting for securities after the

taxpayer elects under 1.475(c)–1, subject

to specified terms and conditions.

Revenue Ruling 97–39 provides

taxpayers additional mark-to-market

guidance in a question and answer

format.

Respondents: Business or other forprofit.

Estimated Number of Respondents:

20,000.

Estimated Burden Hours Per

Respondent: 27 hours, 30 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden:

550,000 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. 97–31958 Filed 12–5–97; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission to OMB for Review;

Comment Request

December 2, 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: 1545–0029.

Form Number: IRS Forms 941,

Schedule B (Form 941); 941–PR,

Schedule B (941–PR); 941–SS, and 941–

V.

Type of Review: Extension.

Title:

Employer’s Quarterly Federal Tax

Return (Form 941);

Employer’s Record of Federal Tax

Liability (Schedule B, Form 941);

Planilla Para La Declaracio ́n

Trimestral Del Patro ́no ́ (Form 941–

PR);

Registro Suplementario De La

Obligacio ́n Contributiva Federal Del

Patro ́no ́ (Schedule B, Form 941–

PR);

Employer’s Quarterly Federal Tax

Return (American Samoa, Guam,

the Commonwealth of the Northern

Mariana Islands, and the U.S.

Virgin Islands (Form 941–SS); and

Payment Voucher (Form 941–V).

Description: Form 941 is used by

employers to report payments made to

employees subject to income tax 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.

Respondents: Business or other forprofit, individual or households, notfor-profit institutions, Federal

Government, State, Local or Tribal

Governments.

Estimated Number of Respondents/

Recordkeepers: 12,494,773.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Form Recordkeeping Learning about the

law or the form Preparing the form

Copying, assembling,

and sending the form

to the IRS

941 .................................................................... 11 hr., 43 min ............ 28 min ....................... 1 hr., 37 min .............. 16 min

941 Schedule B ................................................ 2 hr., 40 min .............. 0 min ......................... 2 min ......................... 0 min

941–PR ............................................................. 7 hr., 0 min ................ 6 min ......................... 12 min ....................... 0 min

941–PR Schedule B ......................................... 2 hr., 40 min .............. 0 min ......................... 2 min ......................... 0 min

941–SS ............................................................. 7 hr., 16 min .............. 0 min ......................... 13 min ....................... 0 min

941–V ............................................................... 14 min ....................... 0 min ......................... 0 min ......................... 0 min

Frequency of Response: Quarterly.

Estimated Total Reporting/

Recordkeeping Burden: 318,978,543

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. 97–31959 Filed 12–5–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Bureau of Alcohol, Tobacco and

Firearms

Proposed Collection; Comment

Request

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, Pub.

L. 104–13 (44 U.S.C. 3506(c)(2)(A)).

Currently, the Bureau of Alcohol,

Tobacco and Firearms within the

Department of the Treasury is soliciting

comments concerning the Notice of

Firearms Manufactured or Imported.

DATES: Written comments should be

received on or before February 6, 1998

to be assured of consideration.

ADDRESSES: Direct all written comments

to Linda Barnes, Bureau of Alcohol,

Tobacco and Firearms, 650

Massachusetts Avenue, NW.,

Washington, DC 20226, (202) 927–8930.