[Federal Register Volume 62, Number 194 (Tuesday, October 7, 1997)]
[Notices]
[Pages 52377-52378]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-26467]
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DEPARTMENT OF THE TREASURY
Submission to OMB for Review; Comment Request
September 30, 1997.
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, Pub. L. 104-13. Copies of
the submission(s) may be obtained by calling the Treasury Bureau
Clearance Officer listed. Comments regarding this information
[[Page 52378]]
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: 154-0096.
Form Number: IRS Forms 1042 and 1042-S.
Type of Review: Revision.
Title: Annual Withholding Tax Return for U.S. Source of Income of
Foreign Persons (1042); and Foreign Person's U.S. Source of Income
Subject to Withholding.
Description: Form 1042 is used by withholding agents to report tax
withheld at source on certain income paid to nonresident alien
individuals, foreign partnerships, and foreign corporations to the IRS.
Form 1042-S is used by withholding agents to report income and tax
withheld to payees. A copy of each Form 1040-S is filed magnetically or
with Form 1042 for information reporting purposes. The IRS uses this
information to verify that the correct amount of tax has been withheld
and paid to the United States.
Respondents: Business or other for-profit, Individuals or
households.
Estimated Number of Respondents/Recordkeepers: 22,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
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Learning about Copying, assembling, and
Form Recordkeeping the law or the Preparing the sending the form to the
form form IRS
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1042.......................... 10 hr., 31 min... 2 hr., 8 min.... 4 hr., 15 min... 32 min.
4720.......................... 5 hr., 1 min..... 3 hr., 33 min... 4 hr., 43 min... 16 min.
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Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 22,063,680 hours.
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. 97-26467 Filed 10-6-97; 8:45 am]
BILLING CODE 4830-01-P
