[Federal Register Volume 63, Number 137 (Friday, July 17, 1998)]
[Notices]
[Page 38694]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-19058]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission to OMB for Review; Comment Request
July 10, 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, 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 August 17,
1998, to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0902.
Form Number: IRS Forms 8288 and 8288--A.
Type of Review: Extension.
Title: U.S. Withholding Tax Return for Dispositions by Foreign
Persons of U.S. Real Property Interests (8288); and Statement of
Withholding on Dispositions by Foreign Persons of U.S. Real Property
Interests (8288--A)
Description: Form 8288 is used by the withholding agent to report
and transmit the withholding to IRS. Form 8288-A is used to validate
the withholding and to return a copy to the transferor for his/her use
in filing a tax return.
Respondents: Individuals or households, Business or other for-
profit.
Estimated Number of Respondents/Recordkeepers: 4,918.
Estimated Burden Hours Per Respondent/Recordkeeper:
----------------------------------------------------------------------------------------------------------------
Form 8288 Form 8288-A
----------------------------------------------------------------------------------------------------------------
Recordkeeping........................ 5 hr., 30 min............................. 2 hr., 52 min.
Learning about the law or the form... 4 hr., 40 min............................. 12 min.
Preparing and sending the form to the 4 hr., 58 min............................. 15 min.
IRS.
----------------------------------------------------------------------------------------------------------------
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 108,751 hours.
OMB Number: 1545-0904.
Regulation Project Number: INTL-45-86 Final (TD 8125).
Type of Review: Extension.
3Title: Foreign Management and Foreign Economic Processes
Requirements of a Foreign Sales Corporation.
Description: The regulations provide rules for complying with
foreign management and foreign economic process requirements to enable
Foreign Sales Corporations to produce foreign trading gross receipts
and qualify for reduced tax rates. Rules are included for maintaining
records to substantiate compliance. Affected public is limited to large
corporations that export goods or services.
Respondents: Business or other for-profit.
Estimated Number of Recordkeepers: 11,001.
Estimated Burden Hours Per Recordkeeper: 2 hours.
Estimated Total Recordkeeping Burden: 22,001 hours.
OMB Number: 1545-1043.
Notice Number: Notices 88-30 and 88-132.
Type of Review: Extension.
Title: Diesel Fuel and Aviation Fuel Imposed at Wholesale Level
(Notice 88-30); and Diesel and Aviation Fuel Taxes (Notice 88-132);
Rules Effective 1/1/89.
Description: Producers of aviation fuel must be registered by the
IRS to sell the fuel tax-free. Producers must also obtain
certifications from their tax-free buyers.
Respondents: Business or other for-profit, Not-for-profit
institutions, Farms, State, Local or Tribal Government.
Estimated Number of Respondents/Recordkeepers: 3,500.
Estimated Burden Hours Per Respondent/Recordkeeper: 1 hour, 6
minutes.
Frequency of Response: Quarterly.
Estimated Total Reporting/Recordkeeping Burden: 3,850 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. 98-19058 Filed 7-16-98; 8:45 am]
BILLING CODE 4830-01-P
