Submission To OMB for Review; Comment Request

DEPARTMENT OF THE TREASURY

Submission To OMB for Review; Comment Request

July 15, 1996.

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.

Internal Revenue Service (IRS)

OMB Number: 1545-1409.

Form Number: IRS Form 8842.

Type of Review: Extension.

Title: Election To Use Different Annualization Periods for

Corporate Estimated Tax.

Description: Form 8842 is a form used by corporations (including S

corporations), tax-exempt organizations subject to the unrelated

business income tax, and private foundations to annually elect the use

of an annualization period in section 6655(e)(2)(C) (i) or (ii) for

purposes of figuring the corporation's estimated tax payments under the

annualized income installment method.

Respondents: Business or other for-profit.

Estimated Number of Respondents/Recordkeepers: 2,000.

Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--1 hr., 55 min.

Learning about the law or the form--6 min.

Preparing and sending the form to the IRS--8 min.

Frequency of Response: Annually.

Estimated Total Reporting/Recordkeeping Burden: 4,280.

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

[[Page 38515]]

Office Building, Washington, DC 20503.

Dale A. Morgan,

Departmental Reports, Management Officer.

[FR Doc. 96-18731 Filed 7-23-96; 8:45 am]

BILLING CODE 4830-01-P