33130 Federal Register / Vol. 66, No. 119 / Wednesday, June 20, 2001 / Notices

Estimated Burden Hours Per

Respondent: 15 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden:

3,104 hours.

OMB Number: 1545–0834.

Form Number: None.

Type of Review: Extension.

Title: Regulations under Tax

Conventions—Ireland.

Description: This information is

needed to secure for individuals and

businesses the benefits to which they

are entitled under the tax convention

and to facilitate the administration and

enforcement of the tax laws of the

United States.

Respondents: Business or other forprofit, Individuals or households.

Estimated Number of Respondents:

20.

Estimated Burden Hours Per

Respondent: 15 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden: 5

hours.

OMB Number: 1545–0930.

Form Number: IRS Form 8396.

Type of Review: Extension.

Title: Mortgage Interest Credit.

Description: Form 8396 is used by

individual taxpayers to claim a credit

against their tax for a portion of the

interest paid on a home mortgage in

connection with a qualified mortgage

credit certificate. Internal Revenue Code

(IRC) section 25 allows the credit and

IRC section 163(g) provides that the

interest deduction on Schedule A will

be reduced by the credit.

Respondents: Individuals or

households.

Estimated Number of Respondents/

Recordkeepers: 30,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Minutes

Recordkeeping ................................ 46

Learning about the law or the form 5

Preparing the form .......................... 28

Copying, assembling, and sending

the form to the IRS ..................... 14

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 46,500 hours.

OMB Number: 1545–1112.

Regulation Project Number: IA–96–88

Final.

Type of Review: Extension.

Title: Certain Elections Under the

Technical and Miscellaneous Revenue

Act of 1988 and the Redesignation of

Certain Other Temporary Elections

Regulations.

Description: These regulations

establish various elections with respect

to which immediate interim guidance

on the time and manner of making the

elections is necessary. These regulations

enable taxpayers to take advantage of

the benefits of various Code provisions.

Respondents: Individuals or

households, Business or other for-profit,

Not-for-profit institutions, Farms, State,

Local or Tribal Government.

Estimated Number of Respondents:

24,305.

Estimated Burden Hours Per

Respondent: 17 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden:

6,712 hours.

OMB Number: 1545–1156.

Regulation Project Number: Reg.

1.6001–1.

Type of Review: Extension.

Title: Records.

Description: Internal Revenue Code

section 6001 requires, in part, that every

person liable for tax, or for the

collection of that tax, keep such records

and comply with such rules and

regulations as the Secretary may from

time to time prescribe. These records are

needed to ensure proper compliance

with the Code.

Respondents: Individuals or

households, Business or other for-profit,

Not-for-profit institutions, Farms,

Federal Government, State, Local or

Tribal Government.

Estimated Number of Recordkeepers:

1.

Estimated Burden Hours Per

Recordkeeper: 1 hour.

Estimated Total Recordkeeping

Burden: 1 hour.

OMB Number: 1545–1600.

Regulation Project Number: REG–

251703–96 Final.

Type of Review: Revision.

Title: Residence of Trusts and

Estates—7701.

Description: This regulation provides

the procedure and requirements for

making the election to remain a

domestic trust.

Respondents: Individuals or

households.

Estimated Number of Respondents:

222.

Estimated Burden Hours Per

Respondent: 31 minutes.

Frequency of Response: Other (onetime).

Estimated Total Reporting Burden:

114 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. 01–15534 Filed 6–19–01; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission for OMB Review;

Comment Request

June 13, 2001

The Department of the 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 20, 2001 to be

assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545–0026.

Form Number: IRS Form 926.

Type of Review: Revision.

Title: Return by a U.S. Transferor of

Property to a Foreign Corporation.

Description: U.S. persons file Form

926 to report the transfer of property to

a foreign corporation and to report

information required by section 367.

The IRS uses Form 926 to determine if

the gain, if any, must be recognized by

the U.S. person.

Respondents: Business or other forprofit, Individuals or households.

Estimated Number of Respondents/

Recordkeepers: 1,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping: 6 hr., 13 min.

Learning about the law or the form: 4

hr., 4 min.

Preparing and sending the form to the

IRS: 4 hr., 21 min.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 14,640 hours.

OMB Number: 1545–0067.

Form Number: IRS Form 2555.

Type of Review: Extension.

Title: Foreign Earned Income.

Description: Form 2555 is used by

U.S. citizens and resident aliens who

qualify for the foreign earned income

exclusion and/or the foreign housing

Federal Register / Vol. 66, No. 119 / Wednesday, June 20, 2001 / Notices 33131

exclusion or deduction. This

information is used by the Service to

determine if a taxpayer qualifies for the

exclusion(s) or deduction.

Respondents: Individuals or

households.

Estimated Number of Respondents/

Recordkeepers: 286,955.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping: 1 hr., 52 min.

Learning about the law or the form: 26

min.

Preparing the form: 1 hr., 47 min.

Copying, assembling, and sending the

form to the IRS: 49 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 1,403,210 hours.

OMB Number: 1545–0409.

Form Number: IRS Forms 211 and

211(SP).

Type of Review: Revision.

Title: Application for Reward for

Original Information (211); and

Solicitud de Recompensa por

Informacion Original (Spanish Version)

(211(SP).

Description: Forms 211 and 211(SP)

are the official 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 for each form.

Frequency of Response: On occasion.

Estimated Total Reporting Burden:

2,800 hours.

OMB Number: 1545–0575.

Form Number: IRS Form 5330.

Type of Review: Extension.

Title: Return of Excise Taxes Related

to Employee Benefit Plans.

Description: Code section 4971, 4972,

4973(a)(3), 4975, 4976, 4977, 4978,

4978A, 4978B, 4979, 4979A and 4980

impose various excise taxes in

connection with employee benefit

plans. Form 5330 is used to compute

and collect these taxes.

Respondents: Individuals or

households, Business or other for-profit.

Estimated Number of Respondents/

Recordkeepers: 8,403.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping: 18 hr., 39 min.

Learning about the law or the form: 8

hr., 56 min.

Preparing and sending the form to the

IRS: 9 hr., 37 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 312,844 hours.

OMB Number: 1545–0597.

Form Number: IRS Form 4598.

Type of Review: Revision.

Title: Form W–2 or 1099 Not Received

or Incorrect.

Description: Employers and/or payers

are required to furnish Forms W–2 or

1099 to employees and other payees.

This three part form is necessary for the

resolution of taxpayers complaints

concerning the non-receipt of or

incorrect Forms W–2 or 1099.

Respondents: Individuals or

households, Business or other for-profit,

Farms, Federal Government, State, Local

or Tribal Government.

Estimated Number of Respondents:

850,000.

Estimated Burden Hours Per

Respondent: 15 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden:

212,500 hours.

OMB Number: 1545–0747.

Form Number: IRS Form 5498.

Type of Review: Extension.

Title: IRA Contribution Information.

Description: Form 5498 is used by

trustees and issuers to report

contributions to, and the fair market

value of, an individual retirement

arrangement.

Respondents: Business or other forprofit.

Estimated Number of Respondents/

Recordkeepers: 81,208,141.

Estimated Burden Hours Per

Respondent/Recordkeeper: 12 minutes.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 16,241,629

hours.

OMB Number: 1545–0796.

Form Number: IRS Form 6524.

Type of Review: Extension.

Title: Office of Chief Counsel—

Application.

Description: The Chief Counsel

Application form provides data we

deem critical for evaluating an attorney

applicants 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.

Estimated Total Reporting Burden:

900 hour.

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: 1545–0820.

Regulation Project Number: EE–86–88

NPRM (Previously LR–279–81).

Type of Review: Extension.

Title: Incentive Stock Options.

Description: The affected public

includes corporations that transfer stock

to employees after 1979 pursuant to the

exercise of a statutory stock option. The

corporation must furnish the employee

receiving the stock with a written

statement describing the transfer. The

statement will assist the employee in

filing their tax return.

Respondents: Business or other forprofit.

Estimated Number of Respondents:

50,000.

Estimated Burden Hours Per

Respondent: 20 minutes.

Estimated Total Reporting Burden:

16,650 hours.

OMB Number: 1545–0997.

Form Number: IRS Form 1099–S.

Type of Review: Extension.

Title: Proceeds From Real Estate

Transactions.

Description: Form 1099–S is used by

the real estate reporting person to report

proceeds from a real estate transaction

to the IRS.

Respondents: Individuals or

households, Business or other for-profit.

Estimated Number of Respondents/

Recordkeepers: 75,000.

Estimated Burden Hours Per

Respondent/Recordkeepers: 8 minutes.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 510,456 hours.

OMB Number: 1545–1153.

Regulation Project Number: PS–73–89

(TD 8370) Final.

Type of Review: Extension.

Title: Excise Tax on Chemicals That

Deplete the Ozone Layer and on

Products Containing Such Chemicals.

33132 Federal Register / Vol. 66, No. 119 / Wednesday, June 20, 2001 / Notices

Description: Section 4681 imposes a

tax on ozone-depleting chemicals sold

or used by a manufacturer or importer

thereof. A floor stocks tax is also

imposed. This regulation provides

reporting and recordkeeping rules.

Respondents: Business or other forprofit.

Estimated Number of Respondents/

Recordkeepers: 150,316.

Estimated Burden Hours Per

Respondent/Recordkeeper: 30 minutes.

Estimated Total Reporting/

Recordkeeping Burden: 75,142 hours.

OMB Number: 1545–1622.

Form Number: IRS Form 8866.

Type of Review: Extension.

Title: Interest Computation Under the

Look-Back Method for Property

Depreciated Under the Income Forecast

Method.

Description: Taxpayers depreciating

property under the income forecast

method and placed in service after

September 13, 1995, must use Form

8866 to compute and report interest due

or to be refunded under IRC 167(g)(2).

The IRS uses Form 8866 to determine if

the interest has been figured correctly.

Respondents: Individuals or

households, Business or other for-profit.

Estimated Number of Respondents/

Recordkeepers: 5,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping: 9 hr., 34 min.

Learning about the law or the form: 1

hr., 5 min.

Preparing, copying, assembling, and

sending the form to the IRS: 1 hr., 18

min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 59,800 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. 01–15535 Filed 6–19–01; 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 Tax

Deferral Bond—Distilled Spirits (Puerto

Rico).

DATES: Written comments should be

received on or before August 20, 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 Marjorie Ruhf,

Regulations Division, 650 Massachusetts

Avenue, NW., Washington, DC 20226

(202) 927–8202.

SUPPLEMENTARY INFORMATION:

Title: Tax Deferral Bond—Distilled

Spirits (Puerto Rico).

OMB Number: 1512–0209.

Form Number: ATF F 5110.50.

Abstract: A manufacturer who ships

distilled spirits from Puerto Rico to the

U.S. may either choose to pay the tax

prior to shipment or file a bond and

defer payment of taxes. ATF F 5110.50

is the bond form which a manufacturer

in Puerto Rico must file if such

manufacturer elects to defer the taxes

for payment on a semi-monthly tax

return system. The form may be

destroyed 5 years after discontinuance

of business or after all outstanding

liabilities have been satisfied, or after

elimination of the requirement for the

bond.

Current Actions: There are no changes

to this information collection and it is

being submitted for extension purposes

only.

Type of Review: Extension.

Affected Public: Business or other forprofit.

Estimated Number of Respondents:

10.

Estimated Time Per Respondent: 1

hour.

Estimated Total Annual Burden

Hours: 10.

Request for Comments: Comments

submitted in response to this notice will

be summarized and/or included in the

request for OMB approval. All

comments will become a matter of

public record. Comments are invited on:

(a) Whether the collection of

information is necessary for the proper

performance of the functions of the

agency, including whether the

information shall have practical utility;

(b) the accuracy of the agency’s estimate

of the burden of the collection of

information; (c) ways to enhance the

quality, utility, and clarity of the

information to be collected; (d) ways to

minimize the burden of the collection of

information on respondents, including

through the use of automated collection

techniques or other forms of information

technology; and (e) estimates of capital

or start-up costs and costs of operation,

maintenance, and purchases of services

to provide information.

Dated: June 12, 2001.

William T. Earle,

Assistant Director (Management) CFO.

[FR Doc. 01–15494 Filed 6–19–01; 8:45 am]

BILLING CODE 4810–31–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

Application For Permit Under 26 U.S.C.

Chapter 52, Manufacturer of Tobacco

Products Importer of Tobacco Products,

or Proprietor of Export Warehouse and

Application for Amended Permit Under

26 U.S.C. 5712, Manufacturer of

Tobacco Products Importer of Tobacco

Products, or Proprietor of Export

Warehouse.

DATES: Written comments should be

received on or before August 20, 2001

to be assured of consideration.

ADDRESSES: Direct all written comments

to Bureau of Alcohol, Tobacco and

Firearms, Linda Barnes, 650