[Federal Register Volume 60, Number 105 (Thursday, June 1, 1995)]
[Notices]
[Pages 28650-28651]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-13416]
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DEPARTMENT OF THE TREASURY
Public Information Collection Requirements Submitted to OMB for
Review
May 22, 1995.
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 (IRS)
OMB Number: 1545-0086.
Form Number: IRS Form 4010-C.
Type of Review: Extension.
Title: U.S. Departing Alien Income Tax Return.
Description: Form 1040-C is used by aliens departing the U.S. to
report income received or expected to be received for the entire year.
The data collected are used to insure that the departing alien has no
outstanding U.S. tax liability. Affected public are aliens departing
the U.S.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 2,000.
Estimated Burden Hours Per Respondent/Recordkeepers:
Recordkeeping: 2 hr., 5 min.
Learning about the law or the form: 45 min.
Preparing the form: 2 hr., 19 min.
Copying, assembling, and sending the form to the IRS: 1 hr., 13
min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 11,532.
OMB Number: 1545-0137.
Form Number: IRS Form 2032.
Type of Review: Extension.
Title: Contract Coverage Under Title II of the Social Security Act.
Description: American employers can enter into an agreement to
extend social security coverage to U.S. citizens and resident aliens
employed abroad by foreign affiliates.
Respondents: Individuals or households, Business or other for-
profit, Federal Government.
Estimated Number of Respondents/Recordkeepers: 160.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping: 2 hr., 9 min.
Learning about the law or the form: 18 min.
Preparing and sending the form to the IRS: 20 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 448 hours.
OMB Number: 1545-0197.
Form Number: IRS Form 5300.
Type of Review: Revision.
Title: Application for Determination for Employee Benefit Plan.
Description: IRS needs certain information on the financing and
operating of employee benefit and employee contribution plans set up by
employers. IRS uses Form 5300 to obtain the information needed to
determine whether the plans qualify under Code sections 401(a) and
501(a).
Respondents: Business or other for-profit, Individuals or
households.
Estimated Number of Respondents/Recordkeepers: 300,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping: 21 hr., 46 min.
Learning about the law or the form: 6 hr., 18 min.
Preparing the form: 8 hr., 47 min.
Copying, assembling, and sending the form to the IRS: 32 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 11,217,000 hours.
OMB Number: 1545-0229.
Form Number: IRS Form 6406.
Type of Review: Extension.
Title: Short Form Application for Determination for Amendment of
Employee Benefit Plan.
Description: This form is used by certain employee plans who want a
determination letter or an amendment to the plan. The information
gathered will be used to decide whether the plan is qualified under
section 401(a).
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 16,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping: 12 hr., 55 min.
Learning about the law or the form: 3 hr., 23 min.
Preparing the form: 6 hr., 32 min.
Copying, assembling, and sending the form to the IRS: 48 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 378,240 hours.
OMB Number: 1545-0747.
Form Number: IRS Form 5498.
Type of Review: Extension.
Title: Individual Retirement Arrangement Information.
Description: Form 5498 is used by trustees and issuers to report
[[Page 28651]] contributions to and the fair market of an individual
retirement arrangement.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 45,300.
Estimated Burden Hours Per Respondent: 7 minutes.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 6,686,640 hours.
OMB Number: 1545-0901.
Form Number: IRS Form 1098.
Type of Review: Extension.
Title: Mortgage Interest Statement.
Description: Form 1098 is used to report $600 or more of mortgage
interest received from an individual in the course of the mortgagor's
trade or business.
Respondents: Individuals or households, Business or other for-
profit.
Estimated Number of Respondents: 171,000.
Estimated Burden Hours Per Respondent: 7 minutes.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 6,840,000 hours.
OMB Number: 1545-0908.
Form Number: IRS Forms 8282 and 8383.
Type of Review: Extension.
Title: Donee Information Return (Sale Exchange or Other Disposition
of Donated Property) (8282); and Noncash Charitable Contributions
(8283).
Description: Regulations section 1.170A-13(c) requires donors of
property valued over $5,000 to file certain information with their
return in order to receive the deduction. Donees must also inform the
IRS if they dispose of the property within two years.
Respondents: Individuals or households, Business or other for-
profit.
Estimated Number of Respondents/Recordkeepers: 1,501,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
------------------------------------------------------------------------
Form 8282 Form 8283
------------------------------------------------------------------------
Recordkeeping....................... 3 hr., 7 min.... 20 min.
Learning about the law or the form.. 30 min.......... 26 min.
Preparing the form.................. 34 min.......... 35 min.
Copying, assembling, and sending the 0 min........... 35 min.
form to the IRS.
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Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 2,899,180 hours.
OMB Number: 1545-0990.
Form Number: IRS Form 8610.
Type of Review: Extension.
Title: Annual Low-Income Housing Credit Agencies Report.
Description: Form 8610 is used by state and local low-income
housing credit agencies to transmit copies of Form 8609 to the IRS.
Respondents: State, Local or Tribal Government.
Estimated Number of Respondents/Recordkeepers: 100.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping: 4 hr., 18 min.
Learning about the law or the form: 1 hr., 0 min.
Preparing and sending the form to the IRS: 1 hr., 17 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 641 hours.
OMB Number: 1545-1132.
Regulation ID Number: INTL-536-89 Final.
Type of Review: Extension.
Title: Registration Requirements with Respect to Certain Debt
Obligations; Application of Repeal of 30 Percent Withholding by the Tax
Reform Act of 1984.
Description: The Internal Revenue Service needs the information in
order to ensure that purchasers of bearer obligations are not U.S.
persons (other than those permitted to hold obligations under section
165(j)) and to ensure that U.S. persons holding bearer obligations
properly report income and gain on such obligations. The people
reporting will be financial institutions holding bearer obligations.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 5,000.
Estimated Burden Hours Per Respondent: 10 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 852 hours.
OMB Number: 1545-1274.
Form Number: IRS Form 8453-NR.
Type of Review: Extension.
Title: U.S. Nonresident Alien Income Tax Declaration for Magnetic
Media Filing.
Description: This form will be used to secure taxpayer signatures
and declarations in conjunction with the Magnetic Media Filing program.
This form, together with the electronic transmission will comprise the
taxpayer's income tax return.
Respondents: Individuals or households.
Estimated Number of Respondents: 5,000.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 1,250 hours.
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 Office Building, Washington, DC
20503.
Lois K. Holland,
Departmental Reports, Management Officer.
[FR Doc. 95-13416 Filed 5-31-95; 8:45 am]
BILLING CODE 4830-01-P
