[Federal Register Volume 60, Number 165 (Friday, August 25, 1995)]
[Notices]
[Pages 44382-44383]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-21123]
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DEPARTMENT OF THE TREASURY
Public Information Collection Requirements Submitted to OMB for
Review
August 16, 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: 1545-0458.
Form Number: IRS Form 4852.
Type of Review: Extension.
Title: Substitute for Form W-2, Wage and Tax Statement or Form
1099R, Distributions from Pensions, Annuities, Retirement or Profit-
Sharing Plans, IRAs, Insurance Contracts, etc.
Description: In the absence of a Form W-2 or 1099R from the
employer or payer, Form 4852 is used by the taxpayer to estimate gross
wages, pensions, annuities, retirement or IRA payments received as well
as income or FICA tax withheld during the year. It is attached to the
return for processing.
Respondents: Individuals or households, Business or other for-
profit, Farms, Federal Government, State, Local or Tribal Government.
Estimated Number of Respondents: 1,300,000.
Estimated Burden Hours Per Respondent: 18 minutes.
Frequency of Response: On occasion and Annually.
Estimated Total Reporting Burden: 390,000 hours.
OMB Number: 1545-0597.
Form Number: IRS Form 4598.
Type of Review: Extension.
Title: Form W-2 or 1099 Not Received or Incorrect.
Description: Employers and/or payers are required to furnish Forms
W-2 or 1099 to employees and other payees. This three-part form is
necessary for the resolution of taxpayer complaints concerning the non-
receipt of or incorrect Forms W-2 or 1099.
Respondents: Individuals or households, Business or other for-
profit, Farms, Federal Government, State, Local or Tribal Government.
Estimated Number of Respondents: 850,000.
Estimated Burden Hours Per Respondent: 15 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 212,500 hours.
OMB Number: 1545-0806.
Regulation ID Number: EE-12-78 Final.
Type of Review: Extension.
Title: Nonbank Trustees of Pension and Profit-Sharing Trusts
Benefiting Owner-Employees.
Description: Internal Revenue Code (IRC) section 408(a)(2) permits
a person other than a bank to be the trustee of an IRA. To do so, an
application needs to be filed and various qualifications need to be
met. IRS uses the information to determine whether a person qualifies
to be a non-bank trustee.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 340.
Estimated Burden Hours Per Respondent: 46 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 260 hours.
OMB Number: 1545-0807.
Form Number: TD 7533 and TD 7896 Final Regulations (LR 2013).
Type of Review: Extension.
Title: Time for Filing Returns of Corporations.
Description: Section 6072 (b), (c), (d), and (e) of the Internal
Revenue Code (IRC) deals with the filing dates of certain corporate
returns. Regulation section 1.6072-2 provides additional information
concerning these filing dates.
Respondents: Business or other for-profit, Not-for-profit
institutions.
Estimated Number of Respondents: 1.
Estimated Burden Hours Per Respondent: 1 hour.
Frequency of Response: On occasion and annually.
Estimated Total Reporting Burden: 1 hour.
OMB Number: 1545-0814.
Regulation ID Number: EE-44-78 Final.
Type of Review: Extension.
Title: Cooperative Hospital Service Organizations.
Description: This regulation establishes the rules for cooperative
hospital service organizations which seek tax-exempt status under
section 501(e) of the Internal Revenue Code. Such an organization must
keep records in order to show its cooperative nature and to establish
compliance with other requirements in section 501(c).
Respondents: Not-for-profit institutions.
Estimated Number of Recordkeepers: 1.
Estimated Burden Hours Per Recordkeeper: 1 hour.
Frequency of Response: Other.
Estimated Total Recordkeeping Burden: 1 hour.
OMB Number: 1545-1141.
Form Number: Notice 89-102.
Type of Review: Extension.
Title: Treatment of Acquisition of Certain Financial Institutions;
Tax Consequences of Federal Financial Assistance.
Description: Section 597 of the Internal Revenue Code provides that
the Secretary shall provide guidance concerning the tax consequences of
Federal financial assistance received by qualifying institutions. These
institutions may defer payment of Federal income tax attributable to
the assistance. Required information identifies deferred tax
liabilities.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 250.
Estimated Burden Hours Per Respondent: 30 minutes.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 125 hours.
OMB Number: 1545-1212.
Form Number: IRS Form 706-QDT.
Type of Review: Revision.
Title: U.S. Estate Return for Qualified Domestic Trusts.
Description: Form 706-QDT is used by the trustee or the designated
filer to compute and report the Federal estate tax imposed on qualified
domestic trusts by Internal Revenue Code (IRC) section 2056A. IRS uses
the information to enforce this tax and to verify that the tax has been
properly computed.
Respondents: Individuals or households, Business or other for-
profit. Estimated Number of Respondents/Recordkeepers: 80.
Estimated Burden Hours Per Respondent/Recordkeeper
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Recordkeeping...................... 1 hr., 12 min.
Learning about the law or the form. 42 min.
[[Page 44383]]
Preparing the form................. 1 hr., 28 min.
Copying, assembling, and sending 1 hr., 3 min.
the form to the IRS.
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Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 354 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. 95-21123 Filed 8-24-95; 8:45 am]
BILLING CODE 4830-01-P
