[Federal Register Volume 60, Number 129 (Thursday, July 6, 1995)]
[Notices]
[Pages 35261-35263]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-16569]
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DEPARTMENT OF THE TREASURY
Public Information Collection Requirements Submitted to OMB for
Review
June 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: 1545-0041
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 received 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--6 min.
Preparing and sending the form to the IRS--11 min.
Frequency of Response: On occasion
Estimated Total Reporting/Recordkeeping Burden: 138,060 hours
OMB Number: 1545-0150
Form Number: IRS Form 2848
Type of Review: Extension
Title: Power of Attorney and Declaration of Representative
Description: Form 2848 is used to authorize someone to act for the
respondent in tax matters. It grants all powers that the taxpayer has
except signing a return and cashing refund checks. Data is used to
identify representatives and to ensure that confidential information is
not divulged to unauthorized persons.
Respondents: Individuals or households, Business or other for-profit,
Not-for-profit institutions, Farms
Estimated Number of Respondents/Recordkeeping: 800,000
Estimated Burden Hours Per Respondent/Recordkeeping:
Recordkeeping--20 min.
Learning about the law or the form--29 min.
Preparing the form--29 min.
Copying, assembling, and sending the form to the IRS--35 min.
Frequency of Response: On occasion
Estimated Total Reporting/Recordkeeping Burden: 1,504,000 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.
Respondents: Individuals or households, Business of 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--11 min.
Preparing the form--14 min.
Copying, assembling, and sending the form to the IRS--14 min.
Frequency of Response: On occasion
Estimated Total Reporting/Recordkeeping Burden: 18,810 hours
OMB Number: 1545-0201
Form Number: IRS Form 5308
Type of Review: Extension
Title: Request for Change in Plan/Trust Year
Description: Form 5308 is used to request permission to change the plan
or trust year for a pension benefit plan. The information submitted is
used in determining whether IRS should grant permission for the change.
Respondents: Business or other for-profit
Estimated Number of Respondents: 480
Estimated Burden Hours Per Respondent: 44 minutes
Frequency of Response: On occasion
Estimated Total Reporting Burden: 339 hours
OMB Number: 1545-0244
Form Number: IRS Form 6199
Type of Review: Extension
Title: Certification of Youth Participating in a Qualified Cooperative
Education Program
Description: Internal Revenue Code (IRC) section 51(d)(8) requires that
qualified school cooperative programs must certify their qualified
students as youths participating in a qualified cooperative program in
order that wages paid to the students by an employer be qualified for
the jobs credit. Form 6199 provides for this certification.
Respondents: Business or other for-profit, Farms.
Estimated Number of Respondents/Recordkeepers: 64,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--7 min.
Learning about the law or the form--7 min.
Preparing the form--24 min.
Copying, assembling, and sending the form to the IRS--20 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 62,080 hours.
OMB Number: 1545-0531.
Form Number: IRS Form 706NA.
Type of Review: Revision.
Title: United States Estate (and Generation-Skipping Transfer) Tax
Return, Estate of Nonresident Not a Citizen of the United States.
Description: Under section 6018, executors must file estate tax returns
for nonresident noncitizens who had property in the United States.
Executors use Form 706NA for this purpose. IRS uses the information to
determine correct tax and credits.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 300.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--1 hr., 38 min.
Learning about the law or the form--32 min.
Preparing the form--1 hr., 46 min.
Copying, assembling, and sending the form to the IRS--41 min.
Frequency of Response: On occasion.
[[Page 35262]]
Estimated Total Reporting/Recordkeeping Burden: 1,304 hours.
OMB Number: 1545-0685.
Form Number: IRS Form 1363.
Type of Review: Extension.
Title: Export Exemption Certificate.
Description: This form is used by air carriers of property by air to
justify the tax-free transport of property. It is used by IRS as proof
of tax exempt status of each shipment.
Respondents: Business or other for-profit, Individuals or households.
Estimated Number of Respondents/Recordkeepers: 100,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--2 hr., 52 min.
Learning about the law or the form--12 min.
Preparing, copying, assembling and sending the form to the IRS--15
min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 332,000 hours.
OMB Number: 1545-0725.
Form Number: IRS Form 928.
Type of Review: Extension.
Title: Fuel Bond.
Description: Certain sellers of gasoline and diesel fuel may be
required under section 4101 to post bond before they incur liability
for gasoline and diesel fuel excise taxes imposed by sections 4081 and
4091. This form is used by taxpayers to give bond and provide other
information required by Regulations section 48.4101-2T.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 500.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--1 hr., 55 min.
Learning about the law or the form--18 min.
Preparing, copying, assembling, and sending the form to the IRS--20
min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 1,280 hours.
OMB Number: 1545-0874.
Form Number: IRS Form 8328.
Type of Review: Extension.
Title: Carryforward Election of Unused Private Activity Bond Volume
Cap.
Description: Section 146(f) of the Internal Revenue Code requires that
issuing authorities of certain types of tax-exempt bonds must notify
the IRS if they intend to carry forward the unused limitation for
specific projects. The IRS uses the information to complete the
required study of tax-exempt bonds (required by Congress).
Respondents: Business or other for-profit, State, Local or Tribal
Government.
Estimated Number of Respondents/Recordkeepers: 10,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--6 hr., 13 min.
Learning about the law or the form--2 hr., 11 min.
Preparing and sending the form to the IRS--2 hr., 23 min.
Frequency of Response: On occasion.
Estimated Total Reporting Recordkeeping Burden: 107,800 hours.
OMB Number: 1545-0881.
Form Number: IRS Form 8271.
Type of Review: Extension.
Title: Investor Reporting of Tax Shelter Registration Number.
Description: All persons who are claiming a deduction, loss, credit, or
other tax benefit, or reporting any income on their returns from a tax
shelter required to be registered (under IRC 6111) must report the tax
shelter registration number on that return. Form 8271 is used for this.
We use the information to associate claimed benefits with the tax
shelter and to determine if any compliance actions are needed.
Respondents: Individuals or households, Business of other for-profit,
Not-for-profit institutions, Farms, State, Local or Tribal Government
Estimated Number of Respondents/Recordkeepers: 297,500
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--7 min.
Learning about the law or the form--15 min.
Preparing the form--17 min.
Copying, assembling, and sending the form to the IRS--14 min.
Frequency of Response: Annually
Estimated Total Reporting/Recordkeeping Burden: 258,825 hours
OMB Number: 1545-0884
Form Number: IRS Form 8279
Type of Review: Revision
Title: Election to be Treated as a FSC or a Small FSC
Description: A foreign corporation and its shareholders must elect to
be Foreign Sales Corporation (FSC) or small FSC. Form 8279 is used to
make the election. Form 8279 provides IRS with the necessary
information to determine that the foreign corporation qualifies to be a
FSC, number and types of shareholders, and tax year of the FSC and its
principal shareholder.
Respondents: Business or other for-profit
Estimated Number of Respondents/Recordkeepers: 5,000
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--4 hr., 32 min.
Learning about the law or the form--1 hr., 35 min.
Preparing and sending the form to the IRS--1 hr., 44 min.
Frequency of Response: Other
Estimated Total Reporting/Recordkeeping Burden: 39,350 hours
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 transferee for his/her use in
filing a tax return.
Respondents: Business or other for-profit, Individuals or households
Estimated Number of Respondents/Recordkeepers: 4,918
Estimated Burden Hours Per Respondent/Recordkeeper: Form 8828 and Form
8828-A:
Recordkeeping--5 hr., 30 min.; 2 hr., 52 min.
Learning about the law or the form--4 hr., 28 min.; 12 min.
Preparing and sending the form to the IRS--4 hr., 46 min.; 15 min.
Frequency of Response: On occasion
Estimated Total Reporting Recordkeeping Burden: 106,784 hours
OMB Number: 1545-0915
Form Number: IRS Form 8332
Type of Review: Extension
Title: Release of Claim to Exemption for Child of Divorced or Separated
Parents
Description: This form is used by the custodial parent to release claim
to the dependency exemption for a child of divorced or separated
parents. The data is used to verify that the noncustodial parent is
entitled to claim the exemption.
Respondents: Individuals or households
Estimated Number of Respondents/Recordkeepers: 150,000
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--7 min.
Learning about the law or the form--5 min.
Preparing the form--7 min.
Copying, assembling, and sending the
[[Page 35263]]
form to the IRS--14 min.
Frequency of Response: Annually
Estimated Total Reporting Recordkeeping Burden: 81,000 hours
OMB Number: 1545-1021
Form Number: IRS Form 8594
Type of Review: Extension
Title: Asset Acquisition Statement
Description: Form 8594 is used by the buyer and seller of assets to
which goodwill or going concern value can attach to report the
allocation of the purchase price among the transferred assets.
Respondents: Business or other for-profit, Individuals or households,
Farms
Estimated Number of Respondents/Recordkeepers: 20,000
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--10 hr., 46 min.
Learning about the law or the form--30 min.
Preparing and sending the form to the IRS--42 min.
Frequency of Response: On occasion
Estimated Total Reporting/Recordkeeping Burden: 239,000 hours
OMB Number: 1545-1060
Form Number: IRS Form 8288-B
Type of Review: Extension
Title: Application for Withholding Certificate for Disposition by
Foreign Persons of U.S. Real Property Interests
Description: Form 8288-B is used to apply for a withholding certificate
-13 from IRS to reduce or eliminate the withholding required by section
1445.
Respondents: Business or other for-profit, Individuals or households
Estimated Number of Respondents/Recordkeepers: 5,079
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--2 hr., 4 min.
Learning about the law or the form--1 hr., 49 min.
Preparing the form--50 min.
Copying, assembling, and sending the form to the IRS--20 min.
Frequency of Response: On occasion
Estimated Total Reporting/Recordkeeping Burden: 25,700 hours
OMB Number: 1545-1135
Form Number: IRS Form 8817
Type of Review: Extension
Title: Allocation of Patronage and Nonpatronage Income and Deductions
Description: Form 8817 is used by taxable Farmer Cooperatives to
indicate their income and deductions by patronage and nonpatronage
source. IRS uses this information to improve the classification of
returns for examinations, and to enhance taxpayer compliance.
Respondents: Business or other for-profit, Farms
Estimated Number of Respondents/Recordkeepers: 1,650
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--16 hr., 44 min.
Learning about the law or the form--30 min.
Preparing and sending the form to the IRS--47 min.
Frequency of Response: Annually
Estimated Total Reporting/Recordkeeping Burden: 21,648 hours
OMB Number: 1545-1165
Form Number: IRS Form 8821
Type of Review: Extension
Title: Tax Information Authorization
Description: Form 8821 is used to appoint someone to receive or inspect
certain tax information. Data is used to identify appointees and to
ensure that confidential information is not divulged to unauthorized
persons.
Respondents: Individuals or households, Business of other for-profit,
Not-for-profit institutions, Farms
Estimated Number of Respondents/Recordkeepers: 200,000
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--7 min.
Learning about the law or the form--11 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: 202,000 hours
Clearance Officer: Garrick Shear (202) 622-3869 Internal Revenue
Service Room 5571 1111 Constitution Avenue, N.W. 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. 95-16569 Filed 7-5-95; 8:45 am]
BILLING CODE 4830-01-P
