Federal Register / Vol. 62, No. 245 / Monday, December 22, 1997 / Notices 66895

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 IRS is soliciting

comments concerning Form 4804,

Transmittal of Information Returns

Reported Magnetically/Electronically,

and Form 4802, Transmittal of

Information Returns Reported

Magnetically/Electronically

(Continuation of Form 4804).

DATES: Written comments should be

received on or before February 20, 1998

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: Form 4804, Transmittal of

Information Returns Reported

Magnetically/Electronically, and Form

4802, Transmittal of Information

Returns Reported Magnetically/

Electronically (Continuation of Form

4804).

OMB Number: 1545–0367.

Form Number: Forms 4804 and 4802.

Abstract: Under Internal Revenue

Code sections 6041 and 6042, all

persons engaged in a trade or business

and making payments of taxable income

must file reports of this income with the

IRS. In certain cases, this information

must be filed on magnetic media. Forms

4804 and 4802 are transmittal forms for

the magnetic media and indicate the

payer, type of document, and total

payee records.

Current Actions: There are no changes

being made to the forms at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Individuals, business

or other for-profit organizations, not-forprofit institutions, farms, and Federal,

state, local or tribal governments.

Estimated Number of Responses:

138,343.

Estimated Time Per Response: 20

minutes.

Estimated Total Annual Burden

Hours: 45,406.

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: December 17, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–33361 Filed 12–19–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 8716

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, Pub.

L. 104–13 (44 U.S.C. 3506(c)(2)(A)).

Currently, the IRS is soliciting

comments concerning Form 8716,

Election To Have a Tax Year Other Than

a Required Tax Year.

DATES: Written comments should be

received on or before February 20, 1998

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: Election To Have a Tax Year

Other Than a Required Tax Year.

OMB Number: 1545–1036.

Form Number: 8716.

Abstract: Form 8716 is filed by

partnerships, S corporations, and

personal service corporations under

Internal Revenue Code section 444(a) to

elect to retain or to adopt a tax year that

is not a required tax year. The form

provides IRS with information to

determine that the section 444(a)

election is properly made and identifies

the tax year to be retained, changed, or

adopted.

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 and farms.

Estimated Number of Respondents:

40,000.

Estimated Time Per Respondent: 4 hr.,

54 min.

Estimated Total Annual Burden

Hours: 196,000.

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

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
66896 Federal Register / Vol. 62, No. 245 / Monday, December 22, 1997 / Notices

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: December 16, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–33362 Filed 12–19–97; 8:45 am]

BILLING CODE 4830–01–U