[Federal Register Volume 60, Number 132 (Tuesday, July 11, 1995)] [Notices] [Pages 35789-35790] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 95-16858] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Public Information Collection Requirements Submitted to OMB for Review June 30, 1995. 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 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: 1545-0112 Form Number: IRS Form 1099-INT Type of Review: Extension Title: Interest Income Description: This form is used for reporting interest income paid, as required by sections 6049 and 6041 of the Internal Revenue Code. It is used to verify that payees are correctly reporting their income Respondents: Business or other for-profit, individuals or households, not-for-profit institutions, Federal Government Estimated Number of Respondents: 790,000 Estimated Burden Hours Per Respondent: 12 minutes Frequency of Response: Annually Estimated Total Reporting Burden: 64,400,000 hours OMB Number: 1545-0190 Form Number: IRS Form 4876-A Type of Review: Extension Title: Election To Be Treated as an Interest Charge DISC Description: A domestic corporation and its shareholders must elect to be an interest charge domestic international sales corporations (IC DISC). Form 4876-A is used to make the election. IRS uses the information to determine if the corporation qualifies to be an IC-DISC Respondents: Business or other for-profit Estimated Number of Respondents/Recordkeepers: 1,000 Estimated Burden Hours Per Respondent/Recordkeeper: Recordkeeping--4 hr., 4 min. Learning about the law or the form--1 hr., 5 min. Preparing and sending to the form to the IRS--1 hr., 13 min. Frequency of Response: Other Estimated Total Reporting/Recordkeeping Burden: 6,360 hours OMB Number: 1545-1153 Regulation ID Number: PS-73-89 Final (T.D. 8370) Type of Review: Extension Title: Excise Tax on Chemicals That Deplete the Ozone Layer and on Products Containing Such Chemicals Description: Section 6881 of the Internal Revenue Code imposes a tax on ozone-depleting chemicals sold or used by a manufacturer or importer thereof and imported taxable products sold or used by an importer thereof. A floor stocks tax is also imposed. This regulation provides reporting and recordkeeping rules Respondents: Business or other for-profit Estimated Number of Respondents/Recordkeepers: 300 Estimated Burden Hours Per Respondent/Recordkeeper: 24 minutes Frequency of Response: On occasion Estimated Total Reporting/Recordkeeping Burden: 75,142 hours OMB Number: 1545-1287 Regulation ID Number: FI-3-91 Final Type of Review: Extension Title: Capitalization of Certain Policy Acquisition Expenses Description: Insurance companies that enter into reinsurance agreements must determine the amounts to be capitalized under those agreements consistently. The regulations provide elections to permit companies to shift the burden of capitalization for their mutual benefit Respondents: Business or other for-profit Estimated Number of Respondents: 2,070 Estimated Burden Hours Per Respondent: 1 hour Frequency of Response: Annually Estimated Total Reporting Burden: 2,070 hours OMB Number: 1545-1354 Form Number: IRS Form 8833 Type of Review: Extension Title: Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b) Description: Taxpayers that are required by section 6114 to disclose a treaty-based return position will use Form 8833 to disclose that position. The form may also be used to make the treaty-based return position disclosure required by Regulations section 301.7701(b)-7(b) for ``dual resident'' taxpayers Respondents: Business or other for-profit, Individuals or households Estimated Number of Respondents/Recordkeepers: 6,000 Estimated Burden Hours Per Respondent/Recordkeeper: Recordkeeping--3 hr., 7 min. Learning about the law or the form--1 hr., 29 min. Preparing and sending the form to the IRS--1 hr., 37 min. Frequency of Response: Annually [[Page 35790]] Estimated Total Reporting/Recordkeeping Burden: 37,260 hours Clearance Officer: Garrick Shear, (202) 622-3869, Internal Revenue Service, Room 5571, 1111 Constitution Avenue NW., 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. 95-16858 Filed 7-10-95; 8:45 am] BILLING CODE 4830-01-P