[Federal Register Volume 61, Number 89 (Tuesday, May 7, 1996)]
[Notices]
[Pages 20554-20555]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-11378]



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DEPARTMENT OF THE TREASURY

Proposed Collection; Comment Request for Form 8842

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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 IRS is soliciting comments concerning 
Form 8842, Election To Use Different Annualization Periods for 
Corporate Estimated Tax.

DATES: Written comments should be received on or before July 8, 1996 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Garrick R. Shear, Internal 
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form(s) and instructions should be directed to Martha R. 
Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111 
Constitution Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:
    Title: Election To Use Different Annualization Periods for 
Corporate Estimated Tax.
    OMB Number: 1545-1409.
    Form Number: Form 8842.
    Abstract: Form 8842 is a form used by corporations, tax- exempt 
organizations subject to the unrelated business income tax, and private 
foundations to annually elect the use of an annualization period under 
Internal Revenue Code section 6655(e)(2)(C) (i) or (ii) for purposes of 
figuring the corporation's estimated tax payments under the annualized 
income installment method.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 2,000.
    Estimated Time per Respondent: 2hr. 21 min.
    Estimated Total Annual Burden Hours: 4,700.

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; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use

[[Page 20555]]

of automated collection techniques or other forms of information 
technology.

    Approved: April 30, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-11378 Filed 5-6-96; 8:45 am]
BILLING CODE 4830-01-U