Public Information Collection Requirements Submitted to OMB for Review

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.

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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

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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