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[Federal Register Volume 63, Number 125 (Tuesday, June 30, 1998)]
[Notices]
[Pages 35641-35642]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-17333]

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DEPARTMENT OF THE TREASURY

Submission to OMB for Review; Comment Request

June 18, 1998.
    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.

DATES: Written comments should be received on or before July 30, 1998 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0200.
    Form Number: IRS Form 5307.
    Type of Review: Extension.
    Title: Application for Determination for Adopters of Master or 
Prototype, Regional Prototype or Volume Submitter Plans.
    Description: This form is filed by employers or plan administrators 
who have adopted a master or prototype plan approved by the IRS 
District Director to obtain a ruling that the plan adopted is qualified 
under Internal Revenue Code (IRC) sections 401(a) and 501(a). It may 
not be used to request a letter for a multiple employer plan.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 39,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--5 hr., 16 min.
Learning about the law or the form--4 hr., 10 min.
Preparing the form--8 hr., 9 min.
Copying, assembling, and sending the form to the IRS--1 hr., 4 min.

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 726,960 hours.
    OMB Number: 1545-0201.
    Form Number: IRS Form 5308.
    Type of Review: Extension.
    Title: Request for Change in Plan/Trust Year.
    Description: Form 5308 is used to request permission to change the 
plan or trust year for a pension benefit plan. The information 
submitted is used in determining whether IRS should grant permission 
for the change.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 480.
    Estimated Burden Hours Per Respondent/Recordkeeper: 44 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 339 hours.
    OMB Number: 1545-0409.
    Form Number: IRS Forms 211 and 211(SP).
    Type of Review: Revision.
    Title: (1) Application for Reward for Original Information (Form 
211).
    (2) Solicited de Recompensa por Informacion Original (Spanish 
Version) (Form 211(SP)).
    Description: Forms 211/211(SP) are the official application forms 
used by persons requesting rewards for submitting information 
concerning alleged violations of the tax laws by other persons. Such 
rewards are authorized by Internal Revenue Code (IRC) 7623. The data is 
used to determine and pay rewards to those persons who voluntarily 
submit information.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 11,200.
    Estimated Burden Hours Per Respondent: 15 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 2,800 hours.
    OMB Number: 1545-0796.
    Form Number: IRS Form 6524.
    Type of Review: Revision.
    Title: Office of Chief Counsel--Application.
    Description: The Chief Counsel Application form provides data we 
deem critical for evaluating an attorney applicant's qualifications 
such as LSAT score, bar admission status, type of work preference, law 
school, class standing. OF-306 does not provide this information.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 3,000.
    Estimated Burden Hours Per Respondent: 18 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 900 hours.
    OMB Number: 1545-0800.
    Regulation Project Number: Reg. 601.601.
    Type of Review: Extension.
    Title: Rules and Regulations.
    Description: Persons wishing to speak at a public hearing on a 
proposed rule must submit written comments and an outline within 
prescribed time limits, for use in preparing agendas and allocating 
time. Persons interested in the issuance, amendment, or repeal of a 
rule may submit a petition for this. IRS considers the petitions in its 
deliberations.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, Farms, Federal Government, 
State, Local or Tribal Government.
    Estimated Number of Respondent: 600.
    Estimated Burden Hours Per Respondent: 1 hour, 30 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 900 hours.
    OMB Number: 1545-0814.
    Regulation Project Number: EE-44-78 Final.
    Type of Review: Extension.
    Title: Cooperative Hospital Service Organizations.
    Description: This regulation establishes the rules for cooperative 
hospital service organizations which seek tax-exempt status under 
section 501(e) of the Internal Revenue Code. Such an organization must 
keep records in order to show its cooperative nature and to establish 
compliance with other requirements in section 501(c).
    Respondents: Not-for-profit institutions.
    Estimated Number of Recordkeepers: 1.
    Estimated Burden Hours Per Recordkeeper: 1 hour.
    Estimated Total Recordkeeping Burden: 1 hour.
    OMB Number: 1545-0874.
    Form Number: IRS Form 8328.
    Type of Review: Extension.
    Title: Carryforward Election of Unused Private Activity Bond Volume 
Cap.

[[Page 35642]]

    Description: Section 146(f) of the Internal Revenue Code requires 
that issuing authorities of certain types of tax-exempt bonds must 
notify the IRS if they intend to carry forward the unused limitation 
for specific projects. The IRS uses the information to complete the 
required study of tax-exempt bonds (required by Congress).
    Respondents: Business or other for-profit, State, Local or Tribal 
Government.
    Estimated Number of Respondents/Recordkeepers: 10,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--6 hr., 13 min.
Learning about the law or the form--2 hr., 11 min.
Preparing and sending the form to the IRS--2 hr., 23 min.

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 107,800 hours.
    OMB Number: 1545-0915.
    Form Number: IRS Form 8332.
    Type of Review: Extension.
    Title: Release of Claim to Exemption for Child of Divorced or 
Separated Parents.
    Description: This form is used by the custodial parent to release 
claim to the dependency exemption for a child of divorced or separated 
parents. The data is used to verify that the noncustodial parent is 
entitled to claim the exemption.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 150,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--7 minutes.
Learning about the law or the form--5 minutes.
Preparing the form--7 minutes.
Copying, assembling, and sending the form to the IRS--14 minutes.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 82,500 hours.
    OMB Number: 1545-0954.
    Form Number: IRS Form 1120-ND.
    Type of Review: Extension.
    Title: Return for Nuclear Decommissioning Funds and Certain Related 
Persons.
    Description: A nuclear utility files Form 1120-ND to report the 
income and taxes of a fund set up by the public utility to provide cash 
or the dismantling of a nuclear power plant. The IRS uses Form 1120-ND 
to determine if the fund income taxes are correctly computed and if a 
person related to the fund or the nuclear utility must pay taxes on 
self-dealing.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 100.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--23 hr., 12 min.
Learning about the law or the form--3 hr., 7 min.
Preparing the form--5 hr., 30 min.
Copying, assembling, and sending the form to the IRS--32 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 3,236 hours.
    OMB Number: 1545-1013.
    Form Number: IRS Form 8612.
    Type of Review: Extension.
    Title: Return of Excise Tax on Undistributed Income of Real Estate 
Investment Trusts.
    Description: Form 8612 is used by real estate investment trusts to 
compute and pay the excise tax on undistributed income imposed under 
section 4981. IRS uses the information to verify that the correct 
amount of tax has been reported.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 20.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--6 hr., 13 min.
Learning about the law or the form--1 hr., 41 min.
Preparing and sending the form to the IRS--1 hr., 52 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 195 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. 98-17333 Filed 6-29-98; 8:45 am]
BILLING CODE 4830-01-P
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