[Federal Register: August 27, 1999 (Volume 64, Number 166)]
[Notices]               
[Page 46969]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27au99-111]                         


[[Page 46969]]

=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

 
Submission for OMB Review; Comment Request

August 20, 1999.
    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, Pub. L. 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 September 27, 
1999 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0126.
    Form Number: IRS Form 1120-F.
    Type of Review: Revision.
    Title: U.S. Income Tax Return of a Foreign Corporation.
    Description: Form 1120-F is used by foreign corporations that have 
investments, or a business, or a branch in the U.S. The IRS uses Form 
1120-F to determine if the foreign corporation has correctly reported 
its income, deductions, and tax, and to determine if it has paid the 
correct amount of tax.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 21,618.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--107 hr., 8 min.
Learning about the law or the form--40 hr., 19 min.
Preparing the form--69 hr., 53 min.
Copying, assembling, sending the form to the IRS--7 hr., 31 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 4,860,807 hours.
    OMB Number: 1545-1150.
    Form Number: IRS Form 990-EZ.
    Type of Review: Extension.
    Title: Short Form Return of Organization Exempt From Income Tax 
Under section 501(c) of the Internal Revenue Code (except Black Lung 
Benefit trust or Private Foundation) or section 4947(a)(1) Nonexempt 
Charitable Trust.
    Description: Form 990-EZ is needed to determine that IRC section 
501(a) tax-exempt organizations fulfill the operating conditions of 
their tax exemption. IRS uses the information from this form to 
determine if the filers are operating within the rules of their 
exemption.
    Respondents: Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 124,184.
    Estimated Burden Hours Per Respondent/Recordkeeper:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                  Learning about the law of                                   Copying, assembling, and
              Form                       Recordkeeping                    the form                 Preparing the form        sending the form to the IRS
--------------------------------------------------------------------------------------------------------------------------------------------------------
990............................  96 hr., 23 min...............  16 hr., 48 min..............  21 hr., 55 min..............  48 min
990-EZ.........................  28 hr., 28 min...............  10 hr., 34 min..............  12 hr., 16 min..............  16 min
Schedule A (990)...............  50 hr., 13 min...............  9 hr., 26 min...............  10 hr., 40 min..............
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 6,381,816 hours.
    Clearance Officer: Garrick Shear, Internal Revenue Service, Room 
5571, 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. 99-22264 Filed 8-26-99; 8:45 am]
BILLING CODE 4830-01-P