[Federal Register Volume 65, Number 54 (Monday, March 20, 2000)] [Notices] [Pages 15035-15036] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 00-6732] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request March 8, 2000. 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 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. DATES: Written comments should be received on or before April 19, 2000, to be assured of consideration. Internal Revenue Service (IRS) OMB Number: 1545-0202. Form Number: IRS Forms 5310 and 6088. Type of Review: Revision. Title: Application for Determination Upon Termination (5310); and Distributable Benefits from Employee Pension Benefit Plans (6088). [[Page 15036]] Description: Employers who have qualified deferred compensation plans can take an income tax deduction for contributions to their plans. IRS uses the data on Forms 5310 and 6088 to determine whether a plan still qualifies and whether there is any discrimination in benefits. Respondents: Business or other for-profit. Estimated Number of Respondents/Recordkeepers: 30,000. Estimated Burden Hours Per Respondent/Recordkeeper: ---------------------------------------------------------------------------------------------------------------- Form 5310 Form 6088 ---------------------------------------------------------------------------------------------------------------- Recordkeeping.............................. 48 hr., 47 min.............. 6 hr., 28 min. Learning about the law or the form......... 5 hr., 31 min............... 1 hr., 12 min. Preparing, copying, assembling and sending 12 hr., 33 min.............. 1 hr., 21 min. the form to the IRS. ---------------------------------------------------------------------------------------------------------------- Frequency of Response: On occasion. Estimated Total Reporting/Recordkeeping Burden: 1,138,050 hours. OMB Number: 1545-0957. Form Number: IRS Form 8508. Type of Review: Extension. Title: Request for Waiver From Filing Information Returns on Magnetic Media. Description: Certain filers of information returns are required by law to file on magnetic media. In some instances, waivers from this requirement are necessary and justified. Form 8508 is submitted by the filer and provides information on which IRS will base its waiver determination. Respondents: Business or other for-profit, not-for-profit institution, farms, Federal Government, State, Local or Tribal Government. Estimated Number of Respondents: 1,000. Estimated Burden Hours Per Respondent: 45 minutes. Frequency of Response: On occasion. Estimated Total Reporting Burden: 750. Clearance Officer: Garrick Shear, Internal Revenue Service, Room 5244, 1111 Constitution Avenue, NW, Washington, DC 20224 OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of Management and Budget, Room 10202, New Executive Office Building, Washington, DC 20503 Lois K. Holland, Departmental Reports, Management Officer. [FR Doc. 00-6732 Filed 3-17-00; 8:45 am] BILLING CODE 4830-01-M