1492 Federal Register / Vol. 62, No. 7 / Friday, January 10, 1997 / Notices

Internal Revenue Service

Proposed Collection; Comment

Request For Form 8508

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,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the IRS is

soliciting comments concerning Form

8508, Request for Waiver From Filing

Information Returns on Magnetic Media.

DATES: Written comments should be

received on or before March 11, 1997 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: Request for Waiver From Filing

Information Returns on Magnetic Media.

OMB Number: 1545–0957.

Form Number: Form 8508.

Abstract: Certain filers of information

returns are required by law to file on

magnetic media. In some instances,

waivers from this requirement are

necessary and justified. Form 8508 is

submitted by the filer and provides

information on which Internal Revenue

Service will base its waiver

determination.

Current Actions: On Form 8508 box

10 was eliminated because box 11

provided sufficient information and

more closely follows the regulation

regarding undue hardship. Also, box 7

will include territorial W–2s which now

have the same magnetic/electronic filing

requirements as other information

returns.

Type of Review: Revision of a

currently approved collection.

Affected Public: Businesses or other

for-profit organizations, non-profit

institutions, farms, Federal Government,

and state, local or tribal government.

Estimated Number of Respondents:

1,000.

Estimated Time Per Respondent: 45

minutes.

Estimated Total Annual Burden

Hours: 750.

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: January 6, 1997.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 97–528 Filed 1–9–97; 8:45 am]

BILLING CODE 4830–01–U