25762 Federal Register / Vol. 60, No. 92 / Friday, May 12, 1995 / Notices

Respondents: Business or other forprofit, Individuals or householdsEstimated Number of Respondents/

Recordkeepers: 2,500,000

Estimated Burden Hours Per

Respondent/Recordkeeper:

Form 1041 Schedule D Schedule J Schedule K–1

Recordkeeping ...................................................................................................... 40 hours, 53

minutes.

16 hours, 1

minute.

39 hours, 28

minutes.

8 hours, 22

minutes.

Learning about the law or the form ...................................................................... 18 hours, 8

minutes.

1 hour, 41

minutes.

1 hour, 5 minutes.1 hour, 12

minutes.

Preparing the form ................................................................................................ 33 hours, 34

minutes.

2 hours, 2

minutes.

1 hour, 47

minutes.

1 hour, 23

minutes.

Copying, assembling, and sending the form to the IRS ...................................... 4 hours, 1

minute.

Frequency of Response: Annually

Estimated Total Reporting/

Recordkeeping Burden: 244,159,719

hours

OMB Number: 1545–0115

Form Number: IRS Form 1099–MISC

Type of Review: Revision

Title: Miscellaneous Income

Description: Form 1099–MISC is used

by payers to report payments of $600

or more of rents, prizes and awards,

medical and health care payments,

nonemployee compensation, and crop

insurance proceeds, $10 or more of

royalties, any amount of fishing boat

proceeds, certain substitute payments,

golden parachute payments, and an

indication of direct sales of $5,000 or

more.

Respondents: Business or other forprofit, Individuals or households,

Not-for-profit institutions, Farms,

Federal Government, State, Local or

Tribal Government

Estimated Number of Respondents:

4,302,217

Estimated Burden Hours Per

Respondent: 14 minutes

Frequency of Response: Annually

Estimated Total Reporting Burden:

13,661,934 hours

OMB Number: 1545–0192

Form Number: IRS Form 4970

Type of Review: Extension

Title: Tax on Accumulation Distribution

of Trusts

Description: Form 4970 is used by a

beneficiary of a domestic or foreign

trust to compute the tax adjustment

attributable to an accumulation

distribution. The form is used to

verify whether the correct tax has

been paid on the accumulation

distribution.

Respondents: Individuals or households

Estimated Number of Respondents/

Recordkeepers: 30,000

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—1 hr., 12 min.

Learning about the law or the form—

16 min.

Preparing the form—1 hr., 30 min.

Copying, assembling, and sending the

form to the IRS—20 min.

Frequency of Response: Annually

Estimated Total Reporting/

Recordkeeping Burden: 99,300 hours

Clearance Officer: Garrick Shear, (202)

622–3869, Internal Revenue Service,

Room 5571, 1111 Constitution

Avenue, N.W., Washington, DC 20224

OMB Reviewer: Milo Sunderhauf, (202)

395–7340, Office of Management and

Budget, Room 10226, New Executive

Office Building, Washington, DC

20503

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 95–11736 Filed 5–11–95; 8:45 am]

BILLING CODE 4830–01–P

Public Information Collection

Requirements Submitted to OMB for

Review

May 4, 1995.

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 1980,

Public Law 96–511. 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.

Internal Revenue Service (IRS)

OMB Number: 1545–0219

Form Number: IRS Form 5884

Type of Review: Extension

Title: Jobs Credit

Description: Internal Revenue Code

(IRC) Section 38(b)(2) allows a credit

against income tax to employers

hiring individuals from certain

targeted groups such as welfare

recipients, etc. The employer uses

Form 5884 to figure this jobs credit.

IRS uses the information on the form

to verify that the correct amount of

credit was claimed.

Respondents: Individuals or

households, Business or other forprofit, Farms

Estimated Number of Respondents/

Recordkeepers: 85,000

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—4 hr., 4 min.

Learning about the law or the form—

35 min.

Preparing and sending the form to the

IRS—41 min.

Frequency of Response: Annually

Estimated Total Reporting/

Recordkeeping Burden: 454,750 hours

OMB Number: 1545–0231

Form Number: IRS Form 6478

Type of Review: Extension

Title: Credit for Alcohol Used as Fuel

Description: Internal Revenue Code

(IRC) Section 38(b)(3) allows a

nonrefundable income tax credit for

businesses that sell or use alcohol.

Small ethanol producers also receive

a nonrefundable credit for production

of qualified ethanol. Form 6478 is

used to figure the credits.

Respondents: Business or other forprofit, Farms

Estimated Number of Respondents/

Recordkeepers: 5,600

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—10 hr., 46 min.

Learning about the law or the form—

34 min.

Preparing the form—1 hr., 42 min.

Copying, assembling, and sending the

form to the IRS—16 min.

Frequency of Response: Annually

Estimated Total Reporting/

Recordkeeping Burden: 74,480 hours

OMB Number: 1545–0984

Form Number: IRS Form 8586

Type of Review: Extension

Title: Low-Income Housing Credit

Description: The Tax Reform Act of

1986 (Code Section 42) permits
Federal Register / Vol. 60, No. 92 / Friday, May 12, 1995 / Notices 25763

owners of residential rental projects

providing low-income housing to

claim a credit against income tax for

part of the cost of constructing or

rehabilitating such low-income

housing. Form 8586 is used by

taxpayers to compute the credit and

by IRS to verify that the correct credit

has been claimed.

Respondents: Individuals or

households, Business or other forprofit

Estimated Number of Respondents/

Recordkeepers: 50,000

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—6 hr., 13 min.

Learning about the law or the form—

1 hr., 32 min.

Preparing and sending the form to the

IRS—4 hr., 6 min.

Frequency of Response: Annually

Estimated Total Reporting/

Recordkeeping Burden: 592,500 hours

OMB Number: 1545–1007

Form Number: IRS Form 8606

Type of Review: Extension

Title: Nondeductible IRAs

(Contributions, Distributions, and

Basis)

Description: Internal Revenue Code

(IRC) Section 408(o) allows taxpayers

to elect to make nondeductible

contributions to individual retirement

plans. This Section also requires

taxpayers to report to the Internal

Revenue Service certain information

regarding nondeductible

contributions.

Respondents: Individuals or households

Estimated Number of Respondents/

Recordkeepers: 997,748

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—26 min.

Learning about the law or the form—

7 min.

Preparing the form—21 min.

Copying, assembling, and sending the

form to the IRS—20 min.

Frequency of Response: Annually

Estimated Total Reporting/

Recordkeeping Burden: 1,247,185

hours

OMB Number: 1545–1020

Form Number: IRS Form 1041–T

Type of Review: Extension

Title: Allocation of Estimated Tax

Payments to Beneficiaries

Description: This form was developed to

allow a trustee of a trust or an

executor of an estate to make an

election under Internal Revenue Code

(IRC) Section 643(g) to allocate any

payment of estimated tax to a

beneficiary(ies). This form serves as a

transmittal so that Service Center

personnel can determine the correct

amounts that are to be transferred

from the fiduciary’s account to the

individual’s account.

Respondents: Business or other forprofit

Estimated Number of Respondents/

Recordkeepers: 1,000

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—20 min.

Learning about the law or the form—

4 min.

Preparing the form—21 min.

Copying, assembling, and sending the

form to the IRS—17 min.

Frequency of Response: Annually, Other

Estimated Total Reporting/

Recordkeeping Burden: 1,030 hours

Clearance Officer: Garrick Shear, (202)

622–3869, Internal Revenue Service,

Room 5571, 1111 Constitution

Avenue, N.W., Washington, DC 20224

OMB Reviewer: Milo Sunderhauf, (202)

395–7340, Office of Management and

Budget, Room 10226, New Executive

Office Building, Washington, DC

20503

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 95–11737 Filed 5–11–95; 8:45 am]

BILLING CODE 4830–01–P

[Treasury Order Number 101–05]

Reporting Relationships and

Supervision of Officials Offices and

Bureaus, Delegation of Certain

Authority, and Order of Succession in

the Department of the Treasury

Dated: May 4, 1995.

By virtue of the authority vested in

the Secretary of the Treasury, including

the authority vested by 31 U.S.C. 321(b),

and Executive Order 11822, dated

December 10, 1974, it is ordered that:

1. The Deputy Secretary shall report

directly to the Secretary.

2. The Chief of Staff shall report

directly to the Secretary and shall

exercise supervision over the Director,

Secretary’s Scheduling Office, and the

Executive Secretary.

3. The Executive Secretary shall

report directly to the Chief of Staff and

shall exercise supervision over the

functions of the Executive Secretariat;

the Office of Public Correspondence;

and, for purposes of administrative and

managerial control, over the Special

Assistant to the Secretary (National

Security). The Office of Operations,

which reported to the Deputy Executive

Secretary (Public Liaison), will be

retitled Office of Public Correspondence

and will report through the Executive

Secretariat Review Officer to the

Executive Secretary. The Special

Assistant to the Secretary (National

Security) shall report to the Secretary

and the Deputy Secretary.

4. The following officials shall report

through the Deputy Secretary to the

Secretary and shall exercise supervision

over those officers and organizational

entities set forth on the attached

organizational chart:

Under Secretary (International Affairs)

Under Secretary (Domestic Finance)

Under Secretary (Enforcement)

General Counsel

Assistant Secretary (Economic Policy)

Assistant Secretary (Legislative Affairs

and Public Liaison)

Assistant Secretary (Management)

Assistant Secretary (Public Affairs)

Assistant Secretary (Tax Policy)

Inspector General

Commissioner of Internal Revenue

Comptroller of the Currency

Director, Office of Thrift Supervision

5. The Assistant Secretary

(Management) serves as the

Department’s Chief Financial Officer

pursuant to the Chief Financial Officers

Act of 1990, Public Law 101–576.

6. The Deputy Secretary is authorized,

in that official’s own capacity and that

official’s own title, to perform any

functions the Secretary is authorized to

perform and shall be responsible for

referring to the Secretary any matter on

which action would appropriately be

taken by the Secretary.

7. The Under Secretaries, the General

Counsel, and the Assistant Secretaries

are authorized to perform any functions

the Secretary is authorized to perform.

Each of these officials will ordinarily

perform under this authority only

functions which arise out of, relate to,

or concern the activities or functions of,

or the laws administered by or relating

to, the bureaus, offices, or other

organizational units over which the

incumbent has supervision. Each of

these officials shall perform under this

authority in the official’s own capacity

and the official’s own title and shall be

responsible for referring to the Secretary

any matter on which action would

appropriately be taken by the Secretary.

Any action heretofore taken by the

Deputy Secretary or any of these

officials in the incumbent’s own title is

hereby affirmed and ratified as the

action of the Secretary.

8. The following officials shall, in the

order of succession indicated, act as

Secretary of the Treasury in case of the

death, resignation, absence or sickness

of the Secretary and other officers

succeeding the incumbent, until a

successor is appointed, or until the

absence or sickness shall cease:

a. Deputy Secretary;