[Federal Register Volume 64, Number 118 (Monday, June 21, 1999)]
[Notices]
[Pages 33135-33136]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-15595]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
June 7, 1999.
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.
DATES: Written comments should be received on or before July 21, 1999
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0001.
Form Number: IRS Form CT-1.
Type of Review: Extension.
Title: Employer's Annual Railroad Retirement Tax Return.
Description: Railroad employers are required to file an annual
return to report employer and employee Railroad Retirement Tax Act
(RRTA). Form CT-1 is used for this purpose. IRS uses the information
insure that the employer has paid the correct tax.
Respondents: Business or others for-profit, Not-for-profit
institutions, State, Local or Tribal Government.
Estimated Number of Respondents/Recordkeepers: 2,387.
Estimated Burden Hours Per Respondent/Recordkeeper:
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CT-1 (part I) CT-1 (part II)
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Recordkeeping.................. 10 hrs., 17 min... 3 hrs., 7 min.
Learning about the law or the 12 hrs., 12 min... 6 min.
form.
Preparing, copying, assembling, 6 hrs., 3 min..... 9 min.
and sending the form to the
IRS.
------------------------------------------------------------------------
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: hours.
OMB Number: 1545-0014.
Form Number: IRS Form 637.
Type of Review: Extension.
Title: Application for Registration (For Certain Excise Tax
Activities).
Description: Form 637 is used to apply for excise tax registration.
The registration applies to a person required to be registered under
Internal Revenue Code (IRC) section 4101 for purposes of the federal
excise tax on taxable fuel imposed by IRC 4041 and 4081; and to certain
manufacturers or sellers and purchasers that must register under IRC
4222 to be exempt from the excise tax on taxable articles. The data is
used to determine if the applicant qualifies for exemption. Taxable
fuel producers are required by IRC 4101 to register with the Service
before incurring any tax liability.
Respondents: Business or other for-profit, Not-for-profit
institutions.
Estimated Number of Respondents/Recordkeepers: 2,000
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--10 hrs., 17 min.
Learning about the law or the form--1 hr., 56 min
Preparing and sending the form to the IRS--1 hr., 41 min.
Frequency of Response: Other (one time only).
Estimated Total Reporting/Recordkeeping Burden: 27,780 hours.
OMB Number: 1545-0110.
Form Number: IRS Form 1099-DIV.
Type of Review: Extension.
Title: Dividends and Distributions.
Description: The form is used by the Internal Revenue Service to
insure that dividends are properly reported as required by Code section
6042 and that liquidation and distributions are correctly reported as
required by Code section 6043, and to determine whether payees are
correctly reporting their income.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 140,560.
Estimated Burden Hours Per Respondent: 16 minutes.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 29,099,759 hours.
OMB Number: 1545-0256.
Form Number: IRS Forms 941c and 941cPR.
Type of Review: Extension.
Title: Supporting Statement To Correct Information (941c); and
Planilla Para La Correccion de Informacion (941cPR).
Description: These forms are used by employers to correct
previously reported FICA or income tax data. It may be used to support
a credit or adjustment claimed on a current return for an error in a
prior return period. The information is used to reconcile wages and
taxes previously reported or used to support a claim for refund,
credit, or adjustment of FICA or income tax.
Respondents: Business or other for-profit, Not-for-profit
institutions, State, Local or Tribal Government.
Estimated Number of Respondents/Recordkeepers: 958,050.
Estimated Burden Hours Per Respondent/Recordkeeper:
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Form Hours per respondent
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941c.................................. 9 hrs., 12 min.
941cPR................................ 7 hrs., 44 min.
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[[Page 33136]]
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 8,728,727 hours.
OMB Number: 1545-0922.
Form Number: IRS Forms 8329 and 8330.
Type of Review: Extension.
Title: Lender's Information Return for Mortgage Credit Certificates
(MCCs) (8329); Issuer's Quarterly Information Return for Mortgage
Credit Certificates (MCCs) (8330).
Description: Form 8329 is used by lending institutions and Form
8330 is used by state and local governments to report on mortgage
credit certificates (MCCs) authorized under Internal Revenue Code (IRC)
section 25. IRS matches the information supplied by lenders and issuers
to ensure that the credit is computed properly.
Respondents: Business or other for-profit, State, Local or Tribal
Government.
Estimated Number of Respondents/Recordkeepers: 10,500.
Estimated Burden Hours Per Respondent/Recordkeeper:
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Form 8329 Form 8330
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Recordkeeping................. 3 hrs., 35 min... 4 hrs., 32 min.
Learning about the law or the 1 hr. 0 min...... 1 hr., 17 min.
form.
Preparing and sending the form 1 hr., 6 min..... 1 hr., 25 min.
to the IRS.
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Frequency of Response: Quarterly.
Estimated Total Reporting/Recordkeeping Burden: 71,400 hours.
OMB Number: 1545-1079.
Form Number: IRS Form 9041.
Type of Review: Extension.
Title: Application for Electronic/Magnetic Media Filing of Business
and Employee Benefit Plan Returns.
Description: For 9041 is filed by fiduciaries of estates and
trusts, partnerships, and plan sponsors/administrators as an
application to file their returns electronically or on magnetic media;
and by software developers, service bureaus and electronic transmitters
to develop auxiliary services.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 3,000.
Estimated Burden Hours Per Respondent: 18 minutes.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 900 hours.
OMB Number: 1545-1110.
Form Number: IRS Form 940-EZ.
Type of Review: Extension.
Title: Employer's Annual Federal Unemployment (FUTA) Tax Return.
Description: Form 940-EZ is a simplified form that most employers
with uncomplicated tax situations (e.g., only paying unemployment
contributions to one state and paying them on time) can use to pay
their FUTA tax. Most small businesses and household employers use the
form.
Respondents: Business or other for-profit, Individuals or
households, Farms.
Estimated Number of Respondents/Recordkeepers: 4,089,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--6 hrs., 23 min.
Learning about the law or the form--58 min.
Preparing and sending the form to the IRS--59 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 32,075,163 hours.
OMB Number: 1545-1173.
Form Number: IRS Form 8815.
Type of Review: Revision.
Title: Exclusion of Interest From Certain U.S. Savings Bonds Issued
After 1989.
Description: If an individual redeems series I or series EE U.S.
Savings Bonds issued after 1989 and pays a qualified higher education
expenses during the year, the interest on the bonds may be excludable
from income. Form 8815 is used by the individual to figure the amount
of savings bond interest that is excludable.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 25,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--53 min.
Learning about the law or the form--13 min.
Preparing the form--38 min.
Copying, assembling, and sending the form to the IRS--34 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 51,470 hours.
OMB Number: 1545-1407.
Form Number: IRS Form 8848.
Type of Review: Extension.
Title: Consent to Extend the Time To Assess the Branch Profits Tax
Under Regulations Sections 1.884-2(a) and (c).
Description: Form 8848 is used by foreign corporations that have
(a) completely terminated all of their U.S. trade or business within
the meaning of Temporary Regulations section 1.884-2T(a) during the tax
year or (b) transferred their U.S. assets to a domestic corporation in
a transaction described in Code section 381(a), if the foreign
corporation was engaged in a U.S. trade or business at that time.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 5,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--4 hrs., 4 min.
Learning about the law or the form--47 min.
Preparing and sending the form to the IRS--54 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 28,800 hours.
Clearance Officer: Garrick Shear, 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 10202, New Executive Office Building,
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 99-15595 Filed 6-18-99; 8:45 am]
BILLING CODE 4830-01-P
