[Federal Register Volume 62, Number 61 (Monday, March 31, 1997)]
[Notices]
[Pages 15221-15222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8080]
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DEPARTMENT OF THE TREASURY
Submission to OMB for Review; Comment Request
March 21, 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, 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: 1545-0064.
Form Number: IRS Form 4029.
Type of Review: Extension.
Title: Application for Exemption from Social Security and Medicare
Taxes and Waiver of Benefits.
Description: Form 4029 is used by members of recognized religious
groups to apply for exemption from social security and Medicare taxes
under Internal Revenue Code (IRC) sections 1402(g) and 3127. The
information is used to approve or deny exemption from social security
and Medicare taxes.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 3,754.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--7 minutes.
Learning about the law or the form--11 minutes.
Preparing the form--11 minutes.
Copying, assembling, and sending the form to the SSA--35 minutes.
Frequency of Response: Other (filed only once).
Estimated Total Reporting/Recordkeeping Burden: 4,017 hours.
OMB Number: 1545-0132.
Form Number: IRS Form 1120X.
Type of Review: Extension.
Title: Amended U.S. Corporation Income Tax Return.
Description: Domestic corporations use Form 1120X to correct a
previously filed Form 1120 or Form 1120-A. The data is used to
determine if the correct tax liability has been reported.
Respondents: Business or other for-profit, Farms.
Estimated Number of Respondents/Recordkeepers: 67,302.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--12 hr., 12 min.
Learning about the law or the form--1 hr., 14 min.
Preparing the form--3 hr., 21 min.
Copying, assembling, and sending the form to the IRS--32 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 1,166,344 hours.
OMB Number: 1545-0202.
Form Number: IRS Forms 5310 and 6088.
Type of Review: Extension.
Title: Application for Determination Upon Termination (5310); and
Distributable Benefits From Employee Pension Benefit Plans (6088).
Description: Employers who have qualified deferred compensation
plans can take an income tax deduction for contributions to their
plans. IRS uses the date on Forms 5310 and 6088 to determine whether a
plan still qualified 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........................... 47 hr., 35 min.................... 5 hr., 44 min.
Learning about the law or the form...... 4 hr., 35 min..................... 1 hr., 5 min.
Preparing, copying, assembling, and 9 hr., 9 min...................... 1 hr., 14 min.
sending the form to the IRS.
----------------------------------------------------------------------------------------------------------------
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 1,040,700.
OMB Number: 1545-0260.
Form Number: IRS Form 706-CE.
Type of Review: Extension.
Title: Certificate of Payment of Foreign Death Tax.
Description: Form 706-CE is used by the executors of estates to
certify that foreign death taxes have been paid so that may claim the
foreign death tax credit allowed by IRC section 2014. The information
is used by IRS to verify that the proper credit has been claimed.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 2,250.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--46 min.
Learning about the law or the form--4 min.
Preparing the form--25 min.
Copying, assembling, and sending the form to the IRS--28 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 3,893 hours.
OMB Number: 1545-0441.
Form Number: IRS Forms 6559 and 6559-A.
Type of Review: Extension.
Title: Transmitter Report and Summary of Magnetic Media (6559); and
Continuation Sheet for Form 6559 (6559-A).
Description: Forms 6559 and 6559-A are used by filers of Form W-2
and Tax Data to transmit filing on magnetic media. The Social Security
Administration (SSA) and the Internal Revenue Service (IRS) need signed
jurat and summary data for processing purposes. The forms are used
primarily by large employers and tax filing services (service bureaus).
Respondents: Business or other for-profit, Not-for-profit
institutions, Farms, Federal Government, State, Local or Tribal
Government.
Estimated Number of Respondents: 100,000.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 30,000 hours.
OMB Number: 1545-1053.
Form Number: IRS Form 8709.
Type of Review: Extension.
Title: Exemption From Withholding on Investment Income of Foreign
Government and International Organizations.
Description: This form is used by foreign government and
international organizations, with certain types of investments in the
United States, to file with withholding agents to obtain exemption from
withholding under Code Section 892. The withholding
[[Page 15222]]
agent uses the information to determine the appropriate withholding, if
any.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 3,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--13 min.
Learning about the law or the form--25 min.
Preparing the form--26 min.
Copying, assembling, and sending the form to the IRS--20 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 42,600 hours.
OMB Number: 1545-1512.
Revenue Procedure Number: Revenue Procedure 96-61.
Type of Review: Extension.
Title: Electronic Filing Program.
Description: Revenue Procedure 96-61 informs those who participate
in the Electronic Filing Program for Form 1040, and Form 1040A, and
Form 1040EZ, of their obligations to the Internal Revenue Service,
taxpayers, and other participants.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 75,000.
Estimated Burden Hours Per Respondent/Recordkeeper: 15 hours, 17
minutes.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 1,146,272.
OMB Number: 1545-1513.
Revenue Procedure Number: Revenue Procedure 96-62.
Type of Review: Extension.
Title: On-Line Filing Program.
Description: Revenue Procedure 96-62 informs those who participate
in the On-Line Filing Program for Form 1040, Form 1040A, and Form
1040EZ, of their obligations to the Internal Revenue Service,
taxpayers, and other participants.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 14.
Estimated Burden Hours Per Respondent/Recordkeeper: 423 hours.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 5,919 hours.
OMB Number: 1545-1516.
Form Number: IRS Form 8832.
Type of Review: Extension.
Title: Entity Classification Election.
Description: An eligible entity that chooses not to be classified
under the default rules or that wishes to change it current
classification must file Form 8832 to elect a classification.
Respondents: Business or other for-profit, Farms.
Estimated Number of Respondents/Recordkeepers: 5,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--1 hr., 20 min.
Learning about the law or the form--1 hr., 41 min.
Preparing and sending the form to the IRS--17 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 16,500 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. 97-8080 Filed 3-28-97; 8:45 am]
BILLING CODE 4830-01-P
