33984 Federal Register / Vol. 63, No. 119 / Monday, June 22, 1998 / Notices

DATES: Written comments should be

received on or before August 21, 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: Foreign Earned Income

Exclusion.

OMB Number: 1545–1326.

Form Number: 2555–EZ.

Abstract: U.S. citizens and resident

aliens who qualify may use Form 2555–

EZ instead of Form 2555, Foreign

Earned Income, to exclude a limited

amount of their foreign earned income.

Form 2555–EZ is a simpler form that

can be used by taxpayers whose foreign

earned income is $70,000 or less and

who satisfy certain other conditions.

The information on the form is used by

the IRS to determine if a taxpayer

qualifies for, and has properly

computed, the foreign earned income

exclusion.

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: Individuals or

households.

Estimated Number of Respondents:

43,478.

Estimated Time Per Respondent: 2 hr.,

1 min.

Estimated Total Annual Burden

Hours: 87,391.

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: June 11, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–16438 Filed 6–19–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 4952

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

4952, Investment Interest Expense

Deduction.

DATES: Written comments should be

received on or before August 21, 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: Investment Interest Expense

Deduction.

OMB Number: 1545–0191.

Form Number: 4952.

Abstract: Interest expense paid by an

individual, estate, or trust on a loan

allocable to property held for

investment may not be fully deductible

in the current year. Form 4952 is used

to compute the amount of investment

interest expense deductible for the

current year and the amount, if any, to

carry forward to future years.

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: Individuals or

households and business or other forprofit organizations.

Estimated Number of Respondents:

800,000.

Estimated Time Per Respondent: 59

min.

Estimated Total Annual Burden

Hours: 792,000.

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 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.
Federal Register / Vol. 63, No. 119 / Monday, June 22, 1998 / Notices 33985

Approved: June 11, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–16439 Filed 6–19–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 926

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

926, Return by a U.S. Transferor of

Property to a Foreign Corporation,

Foreign Estate or Trust, or Foreign

Partnership.

DATES: Written comments should be

received on or before August 21, 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: Return by a U.S. Transferor of

Property to a Foreign Corporation,

Foreign Estate or Trust, or Foreign

Partnership.

OMB Number: 1545–0026.

Form Number: 926.

Abstract: Form 926 is filed by any

U.S. person who transfers property to a

foreign corporation, foreign estate or

trust, or foreign partnership.

Current Actions: Form 926 is being

revised to reflect the repeal of Internal

Revenue Code sections 1491 through

1494 and changes to Code sections 367

and 6038B. However, the actual changes

to the form have not been decided upon

at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other-forprofit organizations and individuals.

Estimated Number of Respondents:

1,000.

Estimated Time Per Respondents: 22

hr., 45 min.

Estimated Total Annual Burden

Hours: 22,750.

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 require 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 the capital

or start-up costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: June 12, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–16440 Filed 6–19–98; 8:45 am]

BILLING CODE 4830–01–M

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form W–4

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

W–4, Employee’s Withholding

Allowance Certificate.

DATES: Written comments should be

received on or before August 21, 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: Employee’s Withholding

Allowance Certificate.

OMB Number: 1545–0010.

Form Number: W–4.

Abstract: Employees file Form W–4 to

tell employers their marital status, the

number of withholding allowances

claimed, the dollar amount they want

withholding increased each pay period,

and if they are entitled to claim

exemption from withholding.

Employers use this information to figure

the correct tax to withhold from the

employee’s wages.

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: Individuals or

households, business or other for-profit

organizations, not-for-profit institutions,

and Federal, state, local or tribal

governments.

Estimated Number of Respondents:

54,209,079.

Estimated Time Per Respondent: 2 hr.,

6 min.

Estimated Total Annual Burden

Hours: 113,839,066.

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