Agency information collection activities: Submission for OMB review; comment request,
[Federal Register: August 9, 1999 (Volume 64, Number 152)]
[Notices]
[Page 43252-43253]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09au99-124]
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
July 29, 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 September 8, 1999 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0024.
Form Number: IRS Form 843.
Type of Review: Extension.
Title: Claim for Refund and Request for Abatement.
Description: Internal Revenue Code (IRC) sections 6402, 6404, and sections 301.6402-2, 301.6404-1, and 301.6404-3 of the regulations allow for refunds of taxes (except income taxes) or refund, abatement, or credit of interest, penalties, and additions to tax in the event of errors or certain actions by the IRS. Form 843 is used by taxpayers to claim these refunds, credits, or abatements.
Respondents: Individuals and households, business or other for- profit, not-for-profit institutions, Farms, State, Local or Tribal.
Estimated Number of Respondents/Recordkeepers: 545,500.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--26 min.
Learning about the law or the form--11 min.
Preparing the form--35 min.
Copying, assembling, and sending the form to the IRS--20 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 845,525 hours.
OMB Number: 1545-0119.
Form Number: IRS Form 1099-R.
Type of Review: Extension.
Title: Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
Description: Form 1099-R is used to report distributions from pensions, annuities, profit-sharing or retirement plans, IRAs, and the surrender of insurance contracts. This information is used by IRS to verify that income has been properly reported by the recipient.
Respondents: Business or other for-profit, not-for-profit institutions, Federal Government, State, Local or Tribal Government.
Estimated Number of Respondents: 350,000.
Estimated Burden Hours Per Respondent: 18 minutes.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 16,955,465 hours.
OMB Number: 1545-0235.
Form Number: IRS Form 730.
Type of Review: Revision.
Title: Tax on Wagering.
Description: Form 730 is used to identify taxable wagers and collect the tax monthly. The information is used to determine if persons accepting wagers are correctly reporting the amount of wagers and paying the required tax.
Respondents: Business or other for-profit, individuals or households.
Estimated Number of Respondents/Recordkeepers: 4,150.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--5 hr., 30 min.
Learning about the law or the form--53 min.
Preparing and sending the form to the IRS--1 hr., 1 min.
Frequency of Response: Monthly.
Estimated Total Reporting/Recordkeeping Burden: 378,518 hours.
OMB Number: 1545-0415.
Form Number: IRS Form W-4-P.
Type of Review: Extension.
Title: Withholding Certificate for Pension or Annuity Payments.
Description: Form W-4P is used by the recipient of pension or annuity payments to designate the number of withholding allowances he or she is claiming, an additional amount to be withheld, or to elect that no tax be withheld, so that the payer can withhold the proper amount.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 12,000,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--40 min.
Learning about the law or the form--25 min.
Preparing and sending the form to the IRS--59 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 24,720,000 hours.
OMB Number: 1545-0748.
Form Number: IRS Form 2678.
Type of Review: Extension.
Title: Employer Appointment of Agent.
Description: 26 U.S.C. 3504 authorizes an employer to designate a fiduciary, agent, etc., to perform the same acts as required of employers for purposes of employment taxes.
Respondents: Business or other for-profit, not-for-profit institutions, farms, Federal Government.
Estimated Number of Respondent: 95,200.
Estimated Burden Hours Per Respondent: 30 minutes.
Frequency of Response: Other (as necessary).
[[Page 43253]]
Estimated Total Reporting Burden: 47,600 hours.
OMB Number: 1545-0877.
Form Number: IRS Form 1099-A.
Type of Review: Extension.
Title: Acquisition or Abandonment of Secured Property.
Description: Form 1099-A is used by lenders to report foreclosures and abandonments of property that is security for a loan.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 12,916.
Estimated Burden Hours Per Respondent: 10 minutes.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 61,817 hours.
OMB Number: 1545-0939.
Form Number: IRS Form 8404.
Type of Review: Extension.
Title: Interest Charge on DISC-Related Deferred Tax Liability.
Description: Shareholders of Interest Change Domestic International Sales Corporations (IC-DISCs) use Form 8404 to figure and report an interest charge on their DISC-related deferred tax liability. The interest charge is required by Internal Revenue Code section 995(f). IRS uses Form 8404 to determine whether the shareholder has correctly figured and paid the interest charge on a timely basis.
Respondents: Business or other for-profit, individuals or households.
Estimated Number of Respondents/Recordkeepers: 2,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--4 hr., 4 min.
Learning about the law or the form--2 hr., 17 min.
Preparing and sending the form to the IRS--2 hr., 27 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 17,600 hours.
OMB Number: 1545-1410.
Form Number: IRS Form 8840.
Type of Review: Extension.
Title: Closer Connection Exception Statement for Aliens.
Description: Form 8840 is used by an alien individual, who otherwise meets the substantial presence test, to explain the basis of the individual's claim that he or she is able to satisfy the closer connection exception described in Regs. Section 301.7701(b)-2.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 350,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
:Recordkeeeping--13 min.
Learning about the law or the form--10 min.
Preparing the form--1 hr., 27 min.
Copying, assembling, and sending the form to the IRS--35 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 843,500 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. 99-20375Filed8-6-99; 8:45 am]
BILLING CODE 4830-01-P
