[Federal Register Volume 60, Number 22 (Thursday, February 2, 1995)]
[Notices]
[Page 6591]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-2529]




Frequency of Response: On occasion.

    Estimated Total Reporting/Recordkeeping Burden: 1,155,000 hours.

    OMB Number: 1545-0742.
    Regulation ID Number: EE-111-80 (T.D. 8019) Final
    Type of Review: Extension.
    Title: Public Inspection of Exempt Organizations' Return.
    Description: Section 6104(b) authorizes the Internal Revenue 
Service to make available to the public the returns required to be 
filed by exempt organizations. The information requested in Treasury 
Regulation Sec. 301.6104(b)-1(b)(4) is necessary in order for the 
Service not to disclose confidential business information furnished by 
businesses which contribute to exempt black lung trusts.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 22.
    Estimated Burden Hours Per Respondent/Recordkeeper: 1 hour.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 22 hours.

    OMB Number: 1545-0889.
    Form Number: IRS Forms 8275 and 8275-R.
    Type of Review: Extension.
    Title: Disclosure Statement and Regulation Disclosure Statement.
    Description: Internal Revenue Code (IRS) section 6662 imposes 
accuracy related penalties for substantial understatement of tax 
liability or negligence or disregard of rules and regulations. Section 
6694 imposes similar penalties on return preparers. Regulations 1.6662-
4(e)&(f) provide for reduction of these penalties if adequate 
disclosure of the tax treatment is made on Form 8275 or it the position 
is contrary to a regulation, Form 8275-R.
    Respondents: Individuals or households, Business or other for-
profit, Non-for-profit institutions, Farms.
    Estimated Number of Respondents/Recordkeepers: 595,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

                                                                        
                                              Form 8275     Form 8275-R 
                                                                        
Recordkeeping.............................  2 hr., 23      3 hr., 38    
                                             min.           min.        
Learning about the law or the form........  35 min.        24 min.      
Preparing and sending the form to the IRS.  40 min.        27 min.      
                                                                        

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 3,560,000 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. 95-2529 Filed 2-1-95; 8:45 am]
BILLING CODE 4830-01-P