[Federal Register Volume 60, Number 47 (Friday, March 10, 1995)]
[Notices]
[Pages 13207-13208]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-5875]



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DEPARTMENT OF THE TREASURY

Public Information Collection Requirements Submitted to OMB for 
Review

March 3, 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: 1545-0367.
    Form Number: IRS Forms 4804 and 4801.
    Type of Review: Revision.
    Title: Transmittal of Information Returns Reported Magnetically/ 
Electronically (4804); Transmittal of Information Returns Reported 
Magnetically/ Electronically (Continuation of Form 4804) (4802).
    Description: 26 U.S.C. 6041 and 6042 require all persons engaged in 
a trade or business and making payments of taxable income must file 
reports of this income with the Internal Revenue Service (IRS). In 
certain cases, this information must be filed on magnetic media. Forms 
4804 and 4802 are used to provide a signature and balancing totals for 
magnetic media filers of information returns.
    Respondents: Individuals or households, Business or other for-
profit, [[Page 13208]] Not-for-profit institutions, Farms, Federal 
Government, State, Local or Tribal Government.
    Estimated Number of Respondents: 37,640.
    Estimated Burden Hours Per Respondent:

    Preparing form 4804--18 min.
    Preparing form 4802--20 min.

    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 45,406 hours.

    OMB Number: 1545-1226.
    Regulation ID Number: FI-59-89 Final.
    Type of Review: Extension.
    Title: Proceeds of Bonds Used for Reimbursement.
    Description: The rules require record maintenance by a State or 
Local Government or section 501(c)(3) organization issuing tax-exempt 
bonds (``Issuer'') to reimburse itself for previously-paid expenses. 
This recordkeeping will establish that the Issuer had an intent, when 
it paid an expense, to later issue a reimbursement bond.
    Respondents: Not-for-profit institutions, State, Local or Tribal 
Government.
    Estimated Number of Recordkeepers: 2,500.
    Estimated Burden Hours Per Recordkeeper: 2 hours, 24 minutes.
    Frequency of Response: On occasion, Weekly, Monthly, Quarterly, 
Semi-annually, Annually, Biennially, Other.
    Estimated Total Recordkeeping Burden: 6,000 hours.
    OMB Number: 1545-1296.
    Regulation ID Number: PS-27-91 (TD 8442) Final.
    Type of Review: Extension.
    Title: Procedural Rules for Excise Taxes Currently Reportable on 
Form 720.
    Description: Section 6302(c) authorizes the use of Government 
depositaries. These regulations provide reporting and recordkeeping 
rules relating to the use of Government depositaries for taxes imposed 
by chapter 33 of the Code.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 9,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

    Recordkeeping--60 hours.
    Reporting--30 minutes.

    Frequency of Response: On occasion, Quarterly, Other.
    Estimated Total Recordkeeping Burden: 241,850 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. 95-5875 Filed 3-9-95; 8:45 am]
BILLING CODE 4830-01-P