20710 Federal Register / Vol. 66, No. 79 / Tuesday, April 24, 2001 / Notices

Form Number: IRS Forms 1023 and

Form 872–C.

Type of Review: Extension.

Title: Application for Recognition of

Exemption Under Section 501(c)(3) of

the Internal Revenue Code (1023); and

Consent Fixing Period of Limitation

Upon Assessment of Tax Under Section

4940 of the Internal Revenue Code

(872).

Description: Form 1023 is filed by

applicants seeking Federal income tax

exemption as organizations described in

section 501(c)(3). IRS uses the

information to determine if the

applicant is exempt and whether the

applicant is a private foundation. Form

872–C extends the statute of limitations

for assessing tax under section 4940.

Respondents: Not-for-profit

institutions.

Estimated Number of Respondents/

Recordkeeper: 29,409.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Form/schedule Recordkeeping Learning about the law or the

form

Preparing and sending the form

to the IRS

1023 Parts I to IV ............................ 55 hr., 43 min ............................... 5 hr., 0 min. .................................. 8 hr., 32 min.

1023 Schedule A ............................. 7 hr., 10 min ................................. 0 min ............................................ 7 min.

1023 Schedule B ............................. 4 hr., 46 min ................................. 30 min .......................................... 36 min.

1023 Schedule C ............................ 5 hr., 1 min ................................... 35 min .......................................... 42 min.

1023 Schedule D ............................ 4 hr., 4 min ................................... 42 min .......................................... 47 min.

1023 Schedule E ............................. 9 hr., 19 min ................................. 1 hr., 5 min ................................... 1 hr., 17 min.

1023 Schedule F ............................. 2 hr., 37 min ................................. 2 hr., 52 min ................................. 3 hr., 3 min.

1023 Schedule G ............................ 2 hr., 37 min ................................. 0 min ............................................ 2 min.

1023 Schedule H ............................ 1 hr., 54 min ................................. 42 min .......................................... 45 min.

1023 Schedule I .............................. 3 hr., 35 min ................................. 0 min ............................................ 3 min.

872–C .............................................. 1 hr., 25 min ................................. 24 min .......................................... 25 min.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 2,069,267 hours.

OMB Number: 1545–1591.

Revenue Procedure Number: Revenue

Procedure 98–23.

Regulation Project Number: REG–

251701–96 NPRM.

Type of Review: Extension.

Title: Qualified Subchapter S Trust

Conversions to Electing Small Business

Trusts (REG–251701–96); and Electing

Small Business Trust (Rev. Proc. 98–23).

Description: The revenue procedure

and regulation provide a method for

taxpayers to obtain the Secretary’s

consent to convert a Qualified

Subchapter S Trust (QSST) to an

Electing Small Business Trust (ESBT) as

well as to convert an ESBT to a QSST.

Respondents: Business or other forprofit.

Estimated Number of Respondents:

2,500.

Estimated Burden Hours Per

Respondent: 1 hour.

Frequency of Response: Other (once).

Estimated Total Reporting Burden:

2,500 hours.

OMB Number: 1545–1729.

Regulation Project Number: REG–

107186–00 NPRM and Temporary.

Type of Review: Extension.

Title: Electronic Payee Statements.

Description: In general, under these

regulations, a person required to furnish

a statement on Form W–2 under Code

sections 6041(d) or 6051, or Forms

1098–T or 1098–E under Code section

6050S, may furnish these statements

electronically if the recipient consents

to receive them electronically, and if the

person furnishing the statement (1)

makes certain disclosure3s to the

recipient, (2) annually notifies the

recipient that the statement is available

on a website, and (3) provides access to

the statement on that website for a

prescribed period of time.

Respondents: Business or other forprofit, Individuals or households.

Estimated Number of Respondents/

Recordkeeper: 15,200.

Estimated Burden Hours Per

Respondent/Recordkeeper: 6 minutes.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 2,844,950 hours.

Clearance Officer: Garrick Shear,

Internal Revenue Service, Room 5244,

1111 Constitution Avenue, NW,

Washington, DC 20224.

OMB Reviewer: Alexander T. Hunt

(202) 395–7860, Office of Management

and Budget, Room 10202, New

Executive Office Building, Washington,

DC 20503.

Lois K. Holland,

Departmental Reports, Management Officer.

[FR Doc. 01–10045 Filed 4–23–01; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission for OMB Review;

Comment Request

April 18, 2001.

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 May 24, 2001 to

be assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545–0232.

Form Number: IRS Form 6497.

Type of Review: Extension.

Title: Information Return of

Nontaxable Energy Grants or Subsidized

Energy Financing.

Description: Form 6497 is used by any

governmental agency or its agents that

make nontaxable grants or subsidized

financing for energy conservation or

production programs. IRS uses the

information from the form to ensure that

recipients have not claimed tax credits

or other benefits with respect to the

grant or subsidized financing (no

‘‘double dipping’’).

Respondents: Business or other forprofit, Federal Government, State, Local

or Tribal Government.

Estimated Number of Recordkeepers:

250.

Estimated Burden Hours Per

Recordkeeper:

Recordkeeping—2 hr. 23 min.

Learning about the law or the form—24

min.

Preparing, copying, and sending the

form to the IRS—27 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 810 hours.

OMB Number: 1545–0763.

Federal Register / Vol. 66, No. 79 / Tuesday, April 24, 2001 / Notices 20711

Regulation Project Number: LR–200–

76 Final.

Type of Review: Extension.

Title: Qualified Conservation

Contributions.

Description: The information is

necessary to comply with various

substantative requirements of section

170(h), which describes situation in

which a taypayer is entitled to an

income tax deduction for a charitable

contribution for conservation purposes

of a partial interest in real estate.

Respondents: Business or other forprofit, Individuals or households, Notfor-profit institutions, Farms, Federal

Government, State, Local or Tribal

Government.

Estimated Number of Respondents/

Recordkeeper: 1,000.

Estimated Burden Hours Per

Recordkeeper: 1 hour, 15 minutes

Estimated Total Recordkeeping

Burden: 1,250 hours.

OMB Number: 1545–1308.

Regulation Project Number: PS–260–

82 Final.

Type of Review: Extension.

Title: Election, Revocation,

Termination, and Tax Effect of

Subchapter S Status.

Description: Sections 1.1362–1

through 1.1362–7 of the Income Tax

Regulations provide the specific

procedures and requirements necessary

to implement section 1362, including

the filing of various elections and

statements with the Internal Revenue

Service.

Respondents: Individuals or

households, Business or other for-profit,

Farms.

Estimated Number of Respondents/

Recordkeeper: 133.

Estimated Burden Hours Per

Respondent/Recordkeeper: 2 hours, 25

minutes.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 322 hours.

OMB Number: 1545–1595.

Revenue Procedure Number: Revenue

Procedure 98–25.

Type of Review: Extension.

Title: Automatic Data Processing.

Description: Revenue Procedure 98–

25 specifies the basic requirements that

the IRS considers to be essential in cases

where a taxpayer’s records are

maintained within an Automatic Data

Processing System (ADP). If machine—

sensible records are lost, stolen,

destroyed, or materially inaccurate, the

Revenue Procedure requires that a

taxpayer promptly notify its District

Director and submit a plan to replace

the affected records. The District

Director will notify the taxpayer of any

objection(s) to the taxpayer’s plan. Also,

the Revenue Procedure provides that a

taxpayer who maintains machinesensible records may request to enter

into a Record Retention Limitation

Agreement (RRLA) with its District

Director. The taxpayer’s request must

identify and describe those records the

taxpayer proposes not to retain and

explain why those records will not

become material to the administration of

any internal revenue law. The District

Director will notify the taxpayer

whether or not the District Director will

enter into an RRLA. Finally, Revenue

Procedure 98–25 provides that the

District Director may conduct an

evaluation of a taxpayer’s machinesensible records and may initiate testing

to establish the authenticity, readability,

completeness, and integrity of such

records.

Respondents: Business or other forprofit, Individuals or households, Notfor-profit institutions, Farms, Federal

Government, State, Local or Tribal

Government.

Estimated Number of Respondents/

Recordkeeper: 3,000.

Estimated Burden Hours Per

Respondent/Recordkeeper: 40 hours.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 120,000 hours.

OMB Number: 1545–1722.

Form Number: IRS Form 8873.

Type of Review: Extension.

Title: Extraterritorial Income

Exclusion.

Description: A taxpayer uses Form

8873 to claim the gross income

exclusion provided for by section 114 of

the Internal Revenue Code.

Respondents: Business or other forprofit, Individuals or households.

Estimated Number of Respondents/

Recordkeeper: 1,000,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping 21— 21 hr., 45 min.

Learning about the law or the form—1

hr., 53 min.

Preparing, copying, assembling, and

sending the form to the IRS—2 hr., 19

min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 25,970,000

hours.

Clearance Officer: Garrick Shear,

Internal Revenue Service, Room 5244,

1111 Constitution Avenue, NW,

Washington, DC 20224.

OMB Reviewer: Alexander T. Hunt(202)

395–7860, Office of Management and

Budget, Room 10202, New Executive

Office Building, Washington, DC

20503.

Mary A. Able,

Departmental Reports, Management Officer.

[FR Doc. 01–10126 Filed 4–23–01; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Bureau of Alcohol, Tobacco and

Firearms

Proposed Collection; Comment

Request

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 Bureau of

Alcohol, Tobacco and Firearms within

the Department of the Treasury is

soliciting comments concerning the

User-Limited Permit (Explosives).

DATES: Written comments should be

received on or before June 25, 2001 to

be assured of consideration.

ADDRESSES: Direct all written comments

to Bureau of Alcohol, Tobacco and

Firearms, Linda Barnes, 650

Massachusetts Avenue, NW.,

Washington, DC 20226, (202) 927–8930.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the form(s) and instructions

should be directed to Guy Hummel,

Chief, Arson and Explosives Programs

Division, 650 Massachusetts Avenue,

NW., Washington, DC 20226, (202) 927–

7930.

SUPPLEMENTARY INFORMATION:

Title: User-Limited Permit

(Explosives).

OMB Number: 1512–0242.

Form Number: ATF F 5400.6.

Abstract: The user-limited permit is

useful to the person making a one-time

purchase from out-of-state. It is used

one time only and is nonrenewable. The

explosives distributor makes entries on

the form and returns the form to the

permittee to prevent reuse of the permit.

Dealers maintain copies of the form on

file for a period of 5 years.

Current Actions: There are no changes

to this information collection and it is

being submitted for extension purposes

only.