94-11756. Public Information Collection Requirements Submitted to OMB for Review

[Federal Register Volume 59, Number 93 (Monday, May 16, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-11756]


[[Page Unknown]]

[Federal Register: May 16, 1994]


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DEPARTMENT OF THE TREASURY

 

Public Information Collection Requirements Submitted to OMB for 
Review

May 6, 1994.
    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 1980, Public Law 96-511. 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

    OMB Number: 1545-0805.
    Form Number: IRS Form 5472.
    Type of Review: Extension.
    Title: Information Return of a 25% Foreign-Owned U.S. Corporation 
or a Foreign Corporation Engaged in a U.S. Trade or Business.
    Description: Form 5472 is used to report information about 
transactions between a U.S. corporation that is 25% foreign owned and a 
foreign corporation that is engaged in a U.S. trade or business and 
related foreign parties. The IRS uses Form 5472 to determine if 
inventory or other costs deducted by the U.S. or foreign corporation 
are correct.
    Respondents: Businesses or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 75,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping: 17 hr., 13 min.
    Learning about the law or the form: 1 hr., 41 min.
    Preparing and sending the form to the IRS: 2 hr., 3 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 1,571,250 hours.
    OMB Number: 1545-0996.
    Regulation ID Number: EE-113-82 NPRM.
    Type of Review: Extension.
    Title: Required Distribution From Qualified Plans and Individual 
Retirement Plans.
    Description: The proposed regulations provide rules regarding the 
minimum distribution requirements applicable to section 403(b) 
contracts and accounts. Such minimum distribution rules do not apply to 
benefits accrued before January 1, 1987.
    Respondents: State or local governments, Non-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 8,400.
    Estimated Burden Hours Per Respondent/Recordkeeper: 36 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 8,400 hours.
    Clearance Officer: Garrick Shear [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, N.W., Washington, DC 
20224.
    OMB Reviewer: Milo Sunderhauf [phone], Office of Management 
and Budget, Room 3001, New Executive Office Building, Washington, DC 
20503.
Lois K. Holland,
Departmental Reports Management Officer
[FR Doc. 94-11756 Filed 5-13-94; 8:45 am]
BILLING CODE 4830-01-P