18774 Federal Register / Vol. 61, No. 83 / Monday, April 29, 1996 / Notices

and Budget, Room 10226, New

Executive Office Building, Washington,

DC 20503.

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 96–10494 Filed 4–26–96; 8:45 am].

BILLING CODE 4820–02–P.

Submission to OMB for Review;

Comment Request

April 19, 1996.

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.

Internal Revenue Service (IRS)

OMB Number: 1545–0004.

Form Number: IRS Form SS–8.

Type of Review: Extension.

Title: Determination of Employee

Work Status for Purposes of Federal

Employment Taxes and Income Tax

Withholding.

Description: This form is used by

employers and workers to furnish

information to IRS in order to obtain a

determination as to whether a worker is

an employee for purposes of Federal

employment taxes and income tax

withholding. IRS uses the information

on Form SS–8 to make the

determination.

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

Government, State, Local or Tribal

Government.

Estimated Number of Respondents/

Recordkeepers: 9,730.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—34 hr., 55 min.

Learning about the law or the

form—12 min.

Preparing and sending the form to

the IRS—46 min.

Frequency of Response: On occasion.

Estimated Total Reporting/

Recordkeeping Burden: 349,210 hours.

OMB Number: 1545–0146.

Form Number: IRS Form 2553.

Type of Review: Extension.

Title: Election by a Small Business

Corporation.

Description: This form is filed by a

qualifying corporation to elect to be an

S corporation as defined in Internal

Revenue Code (IRC) section 1361. This

information obtained is necessary to

determine if the election should be

accepted by the IRS. When the election

is accepted, the qualifying corporation

is classified as an S corporation and the

corporation’s income is taxed to the

shareholders of the corporation.

Respondents: Business or other forprofit, Farms.

Estimated Number of Respondents/

Recordkeepers: 500,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—6 hr., 13 min.

Learning about the law or the

form—3 hr., 5 min.

Preparing, copying, assembling, and

sending the form to the IRS—3 hr., 18

min.

Frequency of Response: Other (once).

Estimated Total Reporting/

Recordkeeping Burden: 6,305,000 hours.

OMB Number: 1545–1394.

Form Number: IRS Form 1120–SF.

Type of Review: Revision.

Title: U.S. Income Tax Return for

Settlement Funds (Under Section 468B).

Description: Form 1120–SF is used by

settlement funds to report income and

taxes on earnings of the fund. The fund

may be establishment by court order, a

breach of contract, a violation of law, an

arbitration panel, or the Environmental

Protection Agency. The IRS uses Form

1120–SF to determine if income and

taxes are correctly computed.

Respondents: Business or other forprofit.

Estimated Number of Respondents/

Recordkeepers: 1,000.

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—17 hr., 56 min.

Learning about the law or the

form—.3 hr., 5 min.

Preparing the form—6 hr., 19 min.

Copying, assembling, and sending

the form to the IRS—.48 min.

Frequency of Response: Annually.

Estimated Total Reporting/

Recordkeeping Burden: 28,140 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. 96–10495 Filed 4–26–96; 8:45 am]

BILLING CODE 4830–01–P

Submission for OMB Review;

Comment Request

April 23, 1996.

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.

Special Request: In order to conduct

the survey described below by the May

10, 1996 start-up date, the Department

of Treasury is requesting Office of

Management and Budget (OMB) review

and approve this information collection

by April 29, 1996. To obtain a copy of

this survey, please contact the IRS

Clearance Officer at the address listed

below.

Internal Revenue Service (IRS)

OMB Number: 1545–1432.

Project Number: M:SP:V 96–012–G.

Type of Review: Revision.

Title: Internal Revenue Service Notice

Redesign Survey/Experimental Design.

Description: The IRS Notice Redesign

Team has been charged with

redesigning all of IRS’s notices, to make

them easier to understand and less

burdensome to taxpayers. Elements of

their redesign efforts are the direct

result of input already received from

taxpayers in previous qualitative studies

conducted by Value Tracking.

The Core Business System for Value

Tracking has developed a survey

instrument to rate the level of

satisfaction of the redesigned notices. In

addition, Value Tracking is proposing to

conduct an experimental design to

compare relative satisfaction levels of

the old notices with the new ones.

Respondents: Individuals or

households.

Estimated Number of Respondents:

5,340.

Estimated Burden Hours Per

Respondent:

Advance Letter—2 minutes.

Initial Mailing

—Intro Letter—2 minutes.

—Questionnaire—5 minutes.

Postcard Reminder—1 minute.

Second Mailing

—Intro Letter—2 minutes.

—Questionnaire—5 minutes.