[Federal Register Volume 63, Number 113 (Friday, June 12, 1998)]
[Notices]
[Pages 32282-32284]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-15730]
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DEPARTMENT OF THE TREASURY
Submission to OMB for Review; Comment Request
June 1, 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, Pub. L. 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.
DATES: Written comments should be received on or before July 13, 1998
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0041.
Form Number: IRS Form 966.
Type of Review: Extension.
Title: Corporate Dissolution or Liquidation.
Description: Form 966 is filed by a corporation whose shareholders
have agreed to liquidate the corporation. As a result of the
liquidation, the shareholders receive the property of the corporation
in exchange for their stock. The IRS uses Form 966 to determine if the
liquidation election was properly made and if any taxes are due on the
transfer of property.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 26,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--5 hr., 1 min.
Learning about the law or the form--12 min.
Preparing and sending the form to the IRS--17 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 143,260 hours.
OMB Number: 1545-0165.
Form Number: IRS Form 4224.
Type of Review: Extension.
Title: Exemption from Withholding of Tax on Income Effectively
Connected with the Conduct of a Trade or Business in the United States.
Description: Form 4224 is used by nonresident alien individuals or
fiduciaries, foreign partnerships, or foreign corporations to obtain
exemption from withholding of tax on certain types of income if that
income is effectively connected with a U.S. trade or business. The IRS
uses the information to determine if the exemption is proper.
[[Page 32283]]
Respondents: Individuals or households, Business or other for-
profit.
Estimated Number of Respondents/Recordkeepers: 24,750.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--7 min.
Learning about the law or the form--13 min.
Preparing the form--14 min.
Copying, assembling and sending the form to the IRS--20 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 22,275 hours.
OMB Number: 1545-0181.
Form Number: IRS Form 4768.
Type of Review: Extension.
Title: Application for Extension of Time to File a Return and/or
Pay U.S. Estate (and Generation-Skipping Transfer) Taxes.
Description: Form 4768 is used by estates to request an extension
of time to file an estate (and GST) tax return and/or to pay the estate
(and GST) taxes and to explain why the extension should be granted. IRS
uses the information to decide whether the extension should be granted.
Respondents: Individuals or households, Business or other for-
profit.
Estimated Number of Respondents/Recordkeepers: 18,500.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--13 min.
Learning about the law or the form--16 min.
Preparing the form--22 min.
Copying, assembling and sending the form to the IRS--20 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 22,200 hours.
OMB Number: 1545-0190.
Form Number: IRS Form 4876-A.
Type of Review: Extension.
Title: Election To Be Treated as an Interest Charge DISC.
Description: A domestic corporation and its shareholders must elect
to be an interest charge domestic international sales corporation (IC-
DISC). Form 4876-A is used to make the election. IRS uses the
information to determine if the corporation qualifies to be an IC-DISC.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 1,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--4 hr., 4 min.
Learning about the law or the form--1 hr., 12 min.
Preparing and sending the form to the IRS--1 hr., 19 min.
Frequency of Response: Other (one-time election).
Estimated Total Reporting/Recordkeeping Burden: 6,560 hours.
OMB Number: 1545-0213.
Form Number: IRS Form 5578.
Type of Review: Extension.
Title: Annual Certification of Racial Nondiscrimination for a
Private School Exempt from Federal Income Tax.
Description: Form 5578 is used by private schools that do not file
Schedule A (Form 990) to certify that they have a racially
nondiscriminatory policy toward students as outlined in Revenue
Procedure 75-50. The Internal Revenue Service uses the information to
help insure that the school is maintaining a nondiscriminatory policy
in keeping with its exempt status.
Respondents: Not-for-profit institutions.
Estimated Number of Respondents/Recordkeepers: 1,000.
Estimated Burden Hours Per Respondent/Recordkeeper: 4 hours, 44
minutes.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 4,750 hours.
OMB Number: 1545-0232.
Form Number: IRS Form 6497.
Type of Review: Extension.
Title: Information Return of Nontaxable Energy Grants or Subsidized
Energy Financing.
Description: Form 6497 is used by any governmental agency or its
agents that make nontaxable grants or subsidized financing for energy
conservation or production programs. IRS uses the information from the
form to ensure that recipients have not claimed tax credits or other
benefits with respect to the grant or subsidized financing (no ``double
dipping'').
Respondents: Business or other for-profit, Federal Government,
State, Local or Tribal Government.
Estimated Number of Respondents/Recordkeepers: 250.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--2. Hr., 23 min.
Learning about the law or the form--24 min.
Preparing, copying, assembling and sending the form to the IRS.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 810 hours.
OMB Number: 1545-0240.
Form Number: IRS Form 6118.
Type of Review: Extension.
Title: Claim for Refund of Income Tax Return Preparer Penalties.
Description: Form 6118 is used by preparers to file for a refund of
penalties incorrectly charged. The information enables the IRS to
process the claim and have the refund issued to the tax return
preparer.
Respondents: Individuals or households, Business or other for-
profit.
Estimated Number of Respondents/Recordkeepers: 10,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--13 min.
Learning about the law or the form--17 min.
Preparing the form--11 min.
Copying, assembling and sending the form to the IRS--20 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 10,400 hours.
OMB Number: 1545-0242.
Form Number: IRS Form 6197.
Type of Review: Extension.
Title: Gas Guzzler Tax.
Description: Form 6197 is used to compute the gas guzzler tax on
automobiles whose fuel economy does not meet certain standards for fuel
economy. The tax is reported quarterly on Form 720. Form 6197 is filed
each quarter with Form 720 for manufacturers. Individuals can make a
one-time filing if they import a gas guzzler auto for personal use. The
IRS uses the information to verify computation of the tax and
compliance with the law.
Respondents: Business or other for-profit, Individuals or
households.
Estimated Number of Respondents/Recordkeepers: 605
Estimated Burden Hours Per Respondent/Recordkeeper:
[[Page 32284]]
Recordkeeping--4 hr., 18 min.
Learning about the law or the form--12 min.
Preparing and sending the form to the IRS--17 min.
Frequency of Response: Quarterly, Annually.
Estimated Total Reporting/Recordkeeping Burden: 2,892 hours.
OMB Number: 1545-0534.
Form Number: IRS Form 5303.
Type of Review: Extension.
Title: Application for Determination for Collectively Bargained
Plan.
Description: IRS uses Form 5303 to get information needed about the
finances and operation of employee benefit plans set up by employers
under a collective bargaining agreement. The information obtained on
Form 5303 is used to make a determination on whether the plan meets the
requirements to qualify under section 401(a) and whether the related
trust qualifies for exemption under section 501(a) of the Internal
Revenue Code.
Respondents: Business or other for-profit, Individuals or
households.
Estimated Number of Respondents/Recordkeepers: 2,500.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--22 hr., 14 min.
Learning about the law or the form--3 hr., 51 min.
Preparing the form--8 hr., 7 min.
Copying, assembling and sending the form to the IRS--1 hr., 4 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 88,200 hours.
OMB Number: 1545-0773.
Regulation Project Number: TD 8172 Final.
Type of Review: Extension.
Title: Qualification of Trustee or Like Fiduciary in Bankruptcy.
Description: Internal Revenue Code (IRC) section 6036 requires
executors or receivers to advise the district director of their
appointment or authorization to act. This information is necessary so
that IRS will know of the proceedings and who to contact for delinquent
returns or taxes.
Respondents: Individuals or households.
Estimated Number of Respondents: 50,000.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: Other (nonrecurring).
Estimated Total Reporting Burden: 12,500 hours.
OMB Number: 1545-0908.
Form Number: IRS Forms 8282 and 8283.
Type of Review: Extension.
Title: Donee Information (Sale, Exchange of 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:
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Form 8282 Form 8283
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Recordkeeping......................... 3 hr., 7 min....................... 20 min.
Learning about the law or the form.... 35 min............................. 26 min.
Preparing the form.................... 35 min............................. 4 min.
Copying, assembling and sending the 35 min............................. 36 min.
form to the IRS.
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Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 2,899,380 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. 98-15730 Filed 6-11-98; 8:45 am]
BILLING CODE 4830-01-P
