26766 Federal Register / Vol. 60, No. 96 / Thursday, May 18, 1995 / Notices

Form Recordkeeping Learning about the

law or the form Preparing the form

Copying, assembling,

and sending, the form

to the IRS

1120 ................................................................ 71 hours, 16 minutes . 41 hours, 8 minutes ... 72 hours, 2 minutes ... 8 hours, 2 minutes.

1120–A ........................................................... 43 hours, 3 minutes ... 23 hours, 44 minutes . 41 hours, 18 minutes . 4 hours, 34 minutes.

Sched. D (1120) ............................................. 6 hours, 56 minutes ... 3 hours, 31 minutes ... 5 hours, 39 minutes ... 0 hours, 32 minutes.

Sched. H (1120) ............................................. 5 hours, 59 minutes ... 0 hours, 35 minutes ... 0 hours, 43 minutes ... 0 hours, 0 minutes.

Sched. PH (1120) ........................................... 15 hours, 19 minutes . 6 hours, 6 minutes ..... 8 hours, 29 minutes ... 0 hours, 32 minutes.

Frequency of Response: Annually

Estimated Total Reporting/

Recordkeeping Burden: 32,192,779

hours

OMB Number: 1545–0967

Form Number: IRS Form 8453–F

Type of Review: Extension

Title: U.S. Estate or Trust Income Tax

Declaration and Signature for

Electronic and Magnetic Media Filing

Description: This form is used to secure

taxpayer signatures and declarations

in conjunction with electronic and

magnetic media filing of trust and

fiduciary income tax returns. This

form, together with the electronic and

magnetic media transmission, will

comprise the taxpayer’s income tax

return (1041).

Respondents: Individuals or

households, Business of other forprofit

Estimated Number of Respondents/

Recordkeepers: 1,000

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—7 min.

Learning about the law or the form—

4 min.

Preparing the form—18 min.

Copying, assembling, and sending the

form to the IRS—20 min.

Frequency of Response: Annually

Estimated Total Reporting/

Recordkeeping Burden: 810 hours

OMB Number: 1545–1033

Form Number: IRS Form 8453–E

Type of Review: Extension

Title: Employee Benefit Plan Declaration

and Signature for Electronic/

Magnetic Media Filing

Description: This form will be used to

secure taxpayer signatures and

declarations in conjunction with the

Electronic Filing of Forms 5500,

5500–C/R, and 5500EZ. These forms,

together with the electronic

transmission, will comprise the

annual information returns.

Respondents: Individuals or

households, Business or other forprofit

Estimated Number of Respondents/

Recordkeepers: 50,000

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—7 min.

Learning about the law or the form—

5 min.

Preparing the form—22 min.

Copying, assembling, and sending the

form to the IRS—20 min.

Frequency of Response: Annually

Estimated Total Reporting Burden:

45,000 hours

OMB Number: 1545–1255

Regulation ID Number: INTL–0870–89

NPRM

Type of Review: Extension

Title: Earnings Stripping Under Section

163(j)

Description: Certain taxpayers are

allowed to write off the fixed basis of

the stock of an acquired corporation

rather than use the adjusted basis of

the assets of the acquired corporation.

Respondents: Business or other forprofit

Estimated Number of Respondents: 1

Estimated Burden Hours Per

Respondent: 1 hour

Frequency of Response: Annually

Estimated Total Reporting Burden: 1

hour

OMB Number: 1545–1424

Form Number: IRS Form 1099–C

Type of Review: Extension

Title: Cancellation of Debt

Description: Form 1099–C is used for

reporting canceled debt, as required

by section 6050P of the Internal

Revenue Code. It is used to verify that

debtors are correctly reporting their

income.

Respondents: Business or other forprofit, Not-for-profit institutions,

Federal Government

Estimated Number of Respondents:

1,000,000

Estimated Burden Hours Per

Respondent/Recordkeeper: 11

minutes

Frequency of Response: Annually

Estimated Total Reporting Burden:

950,000 hours

Clearance Officer: Garrick Shear, (202)

622–3869, Internal Revenue Service,

Room 5571, 1111 Constitution

Avenue, NW., 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. 95–12251 Filed 5–17–95; 8:45 am]

BILLING CODE 4830–01–P

Internal Revenue Service

Tax on Certain Imported Substances

(Acrylic Fiber (93% Acrylonitrile, 7%

Vinyl Acetate)); Rejection of Petition

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice.

SUMMARY: This notice announces the

rejection, under Notice 89–61, of a

petition requesting that acrylic fiber

(93% acrylonitrile, 7% vinyl acetate) be

added to the list of taxable substances

in section 4672(a)(3).

FOR FURTHER INFORMATION CONTACT:

Ruth Hoffman, Office of Assistant Chief

Counsel (Passthroughs and Special

Industries), (202) 622–3130 (not a tollfree number).

SUPPLEMENTARY INFORMATION: On April

14, 1992, a Notice of Receipt of Petitions

was published in the Federal Register

(57 FR 12956) announcing the receipt of

a petition submitted by Monsanto

Company requesting that acrylic fiber

(93% acrylonitrile, 7% vinyl acetate) be

added to the list of taxable substances

in section 4672(a)(3). Notice 89–61,

1989–1 CB 717, provides that the term

substance excludes textile fibers and

therefore acrylic fiber is not a substance

for which a petition may be accepted.

Accordingly, the petition is rejected.

Dale D. Goode,

Federal Register Liaison Officer, Assistant

Chief Counsel (Corporate).

[FR Doc. 95–12176 Filed 5–17–95; 8:45 am]

BILLING CODE 4830–01–U

UNITED STATES INFORMATION

AGENCY

College and University Affiliations

Program (CUAP): Application Notice

for Fiscal Year 1996

ACTION: Notice; Request for proposals.