Federal Register / Vol. 63, No. 137 / Friday, July 17, 1998 / Notices 38693

Estimated Burden Hours Per

Respondent/Recordkeeper: 83 hours, 41

minutes.

Frequency of Response: On occasion,

Weekly, Monthly, Quarterly, Semiannually, Annually, Biennially.

Estimated Total Reporting/

Recordkeeping Burden: 51,885 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. 98–19055 Filed 7–16–98; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission to OMB for Review;

Comment Request

July 7, 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 August 17, 1998

to be assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545–0704.

Form Number: IRS Form 5471 and

Related Schedules.

Type of Review: Revision.

Title: Information Return of U.S.

Persons with Respect To Certain Foreign

Corporations.

Description: Form 5471 and related

schedules are used by U.S. persons that

have an interest in a foreign corporation.

The form and schedules are used to

satisfy the reporting requirements of

section 6035, 6038 and 6046 and the

regulations thereunder pertaining to the

involvement of U.S. persons with

certain foreign corporations.

Respondents: Business or other forprofit, Individuals or households.

Estimated Number of Respondents/

Recordkeepers: 43,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Form Recordkeeping Learning about the law or

the form

Preparing and

sending the form

to the IRS

5471 ............................................................................................... 81 hr., 24 min ..................... 25 hr., 20 min ..................... 31 hr., 22 min.

Schedule J ..................................................................................... 3 hr., 50 min ....................... 1 hr., 0 min ......................... 1 hr., 6 min.

Schedule M .................................................................................... 26 hr., 33 min ..................... 6 min .................................. 32 min.

Schedule N .................................................................................... 8 hr., 22 min ....................... 2 hr., 47 min ....................... 3 hr., 2 min.

Schedule O .................................................................................... 10 hr., 46 min ..................... 30 min ................................ 42 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 7,281,930 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. 98–19056 Filed 7–16–98; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission to OMB for Review;

Comment Request

July 10, 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 August 17, 1998,

to be assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545–0865.

Form Number: IRS Form 8264.

Type of Review: Extension.

Title: Application for Registration of a

Tax Shelter.

Description: Organizers of certain tax

shelters are required to register them

with the IRS using Form 8264. Other

persons may have to register the tax

shelter if the organizer doesn’t. We use

the information to give the tax shelter a

registration number. Sellers of interests

in the shelter furnish the number to

investors who report the number on

their tax returns.

Respondents: Business or other forprofit, Individuals or households.

Estimated Number of Respondents/

Recordkeepers: 1,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—33 hr., 14 min.

Learning about the law or the form—2

hr., 41 min.

Preparing, copying, assembling, and

sending the form to the IRS—3 hr., 20

min.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 39,260 hours.

OMB Number: 1545–0881.

Form Number: IRS Form 8271.

Type of Review: Extension.

Title: Investor Reporting of Tax

Shelter Registration Number.

Description: All persons who are

claiming a deduction, loss, credit, or

other tax benefit, or reporting any

income on their returns from a tax

shelter required to be registered (under

Internal Revenue Code (IRC) 6111) must

report the tax shelter registration

number on that return. Form 8271 is

used for this. We use the information to

associate claimed benefits with the tax

shelter and to determine if any

compliance actions are needed.

Respondents: Individuals or

households, business or other for-profit,

not-for-profit institutions, Farms, State,

Local or Tribal Government.

Estimated Number of Respondents/

Recordkeepers: 297,500.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—7 minutes