[Federal Register Volume 63, Number 14 (Thursday, January 22, 1998)]
[Notices]
[Pages 3390-3392]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1501]
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DEPARTMENT OF THE TREASURY
Submission to OMB for Review; Comment Request
January 13, 1998.
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: New.
Form Number: None.
Type of Review: New collection.
Title: 1988 Electronic Tax Administration Attitudinal Tracking
Study.
Description: The survey is being conducted to establish a baseline
measure of public knowledge and acceptance of Electronic Tax
[[Page 3391]]
Administration programs and to provide the IRS with quantitative data
and analysis to assist with making policy decisions on how to expand
the programs.
Respondents: Individuals or households.
Estimated Number of Respondents: 1,030.
Estimated Burden Hours Per Respondent: 20 minutes.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 379 hours.
OMB Number: 1545-0073.
Form Number: IRS Form 1310.
Type of Review: Extension.
Title: Statement of Person Claiming Refund Due a Deceased Taxpayer.
Description: Form 1310 is used by a claimant to secure payment of a
refund on behalf of a deceased taxpayer. The information enables IRS to
send the refund to the correct person.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 7,500.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--7 min.
Learning about the law or the form--3 min.
Preparing the form--16 min.
Copying, assembling, and sending the form to the IRS--17 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 5,325 hours.
OMB Number: 1545-0138.
Form Number: IRS Form 2063.
Type of Review: Revision.
Title: U.S. Departing Alien Income Tax Statement.
Description: Form 2063 is used by a departing resident alien
against whom a termination assessment has not been made, or a departing
nonresident alien who has no taxable income from United States sources,
to certify that they have satisfied all U.S. income tax obligations.
The data is used by IRS to certify that departing aliens have complied
with U.S. income tax laws.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 20,540.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--7 min.
Learning about the law or the form--3 min.
Preparing the form--26 min.
Copying, assembling, and sending of the form to the IRS--14 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 17,048 hours.
OMB Number: 1545-0159.
Form Number: IRS Form 3520.
Type of Review: Extension.
Title: Annual Return to Report Transactions with Foreign Trusts and
Receipt of Certain Foreign Gifts.
Description: Form 3520 is filed by U.S. persons who create a
foreign trust, transfer property to a foreign trust, receive a
distribution from a foreign trust, or receive a large gift from a
foreign source. IRS uses the form to identify the U.S. persons who may
have transactions that may trigger a taxable event in the future.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 2,000.
Estimated Burden Hours Per Respondent/Recordkeeper.
Recordkeeping--50 hr., 28 min.
Learning about the law or the form--4 hr., 44 min.
Preparing the form--6 hr., 42 min.
Sending the form to the IRS--16 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 124,320 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 (IRC) 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
sections 1.6662-4(e)&(f) provide for reduction of these penalties if
adequate disclosure of the tax treatment is made on Form 8275 or if the
position is contrary to a regulation, Form 8275-R.
Respondents: Individuals or households, Farms, Business or other
for-profit.
Estimated Number of Respondents/Recordkeepers: 595,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
----------------------------------------------------------------------------------------------------------------
Form 8275 Form 8275-R
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Recordkeeping................................. 2 hr., 23 min.................. 2 hr., 38 min.
Learning about the law or the form............ 47 min......................... 35 min.
Preparing and sending the form to the IRS..... 52 min......................... 40 min.
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Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 3,970,000 hours.
OMB Number: 1545-1305.
Form Number: IRS Forms 9460 (cat# 14762P) and 9477 (cat# 14891T).
Type of Review: Extension.
Title: Tax Forms Inventory Report.
Description: These forms are designed to collect tax forms
inventory information from banks, post offices, and libraries that
distribute federal tax forms. Data is collected detailing the
quantities and types of tax forms remaining at the end of the filing
season. The data is combined with shipment data for each account and
used to establish forms distribution guidelines for the following year.
Source code data is collected to verify that the different entities
received tax forms with the correct code.
Respondents: Business or other for-profit, Not-for-profit
institutions, Federal Government.
Estimated Number of Respondents: 10,720.
Estimated Burden Hours Per Respondent:
Form 9460 (cat# 14762P)--10 min.
Form 9477 (cat# 14891T)--15 min.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 2,600 hours.
OMB Number: 1545-1455.
Regulation Project Number: PS-80-93 Final.
Type of Review: Extension.
Title: Rules for Certain Rental Real Estate Activities.
Description: The information required by these regulations will be
used by the Internal Revenue Service to aid in the administration of
the law and to determine whether a taxpayer that qualifies for
treatment under section 469(c)(7) has made the election under section
469(c)(7)(A).
Respondents: Individuals and households, Business or other for-
profit.
Estimated Number of Respondents: 20,100.
Estimated Burden Hours Per Respondent: 9 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 3,015 hours.
[[Page 3392]]
OMB Number: 1545-1458.
Regulation Project Number: REG-209835-86 Final (formerly INTL-933-
86).
Type of Review: Extension.
Title: Computation of Foreign Taxes Deemed Paid Under Section 902
Pursuant to a Pooling Mechanism for Undistributed Earnings and Foreign
Taxes.
Description: These regulations provide rules for computing foreign
taxes deemed paid under section 902. The regulations affect foreign
corporations and their U.S. corporate shareholders.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 1.
Estimated Burden Hours Per Respondent: 1.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 1 hour.
Clearance Officer: Garrick Shear (202) 622-3869, 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 10226, New Executive Office Building,
Washington, DC 20503.
Lois K. Holland,
Departmental Reports, Management Officer.
[FR Doc. 98-1501 Filed 1-21-98; 8:45 am]
BILLING CODE 4830-01-P
