Submission to OMB for Review; Comment Request

DEPARTMENT OF THE TREASURY

Submission to OMB for Review; Comment Request

March 21, 1997.

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.

Internal Revenue Service (IRS)

OMB Number: 1545-0064.

Form Number: IRS Form 4029.

Type of Review: Extension.

Title: Application for Exemption from Social Security and Medicare

Taxes and Waiver of Benefits.

Description: Form 4029 is used by members of recognized religious

groups to apply for exemption from social security and Medicare taxes

under Internal Revenue Code (IRC) sections 1402(g) and 3127. The

information is used to approve or deny exemption from social security

and Medicare taxes.

Respondents: Individuals or households.

Estimated Number of Respondents/Recordkeepers: 3,754.

Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--7 minutes.

Learning about the law or the form--11 minutes.

Preparing the form--11 minutes.

Copying, assembling, and sending the form to the SSA--35 minutes.

Frequency of Response: Other (filed only once).

Estimated Total Reporting/Recordkeeping Burden: 4,017 hours.

OMB Number: 1545-0132.

Form Number: IRS Form 1120X.

Type of Review: Extension.

Title: Amended U.S. Corporation Income Tax Return.

Description: Domestic corporations use Form 1120X to correct a

previously filed Form 1120 or Form 1120-A. The data is used to

determine if the correct tax liability has been reported.

Respondents: Business or other for-profit, Farms.

Estimated Number of Respondents/Recordkeepers: 67,302.

Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--12 hr., 12 min.

Learning about the law or the form--1 hr., 14 min.

Preparing the form--3 hr., 21 min.

Copying, assembling, and sending the form to the IRS--32 min.

Frequency of Response: On occasion.

Estimated Total Reporting/Recordkeeping Burden: 1,166,344 hours.

OMB Number: 1545-0202.

Form Number: IRS Forms 5310 and 6088.

Type of Review: Extension.

Title: Application for Determination Upon Termination (5310); and

Distributable Benefits From Employee Pension Benefit Plans (6088).

Description: Employers who have qualified deferred compensation

plans can take an income tax deduction for contributions to their

plans. IRS uses the date on Forms 5310 and 6088 to determine whether a

plan still qualified and whether there is any discrimination in

benefits.

Respondents: Business or other for-profit.

Estimated Number of Respondents/Recordkeepers: 30,000.

Estimated Burden Hours Per Respondent/Recordkeeper:

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Form 5310 Form 6088

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Recordkeeping........................... 47 hr., 35 min.................... 5 hr., 44 min.

Learning about the law or the form...... 4 hr., 35 min..................... 1 hr., 5 min.

Preparing, copying, assembling, and 9 hr., 9 min...................... 1 hr., 14 min.

sending the form to the IRS.

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Frequency of Response: On occasion.

Estimated Total Reporting/Recordkeeping Burden: 1,040,700.

OMB Number: 1545-0260.

Form Number: IRS Form 706-CE.

Type of Review: Extension.

Title: Certificate of Payment of Foreign Death Tax.

Description: Form 706-CE is used by the executors of estates to

certify that foreign death taxes have been paid so that may claim the

foreign death tax credit allowed by IRC section 2014. The information

is used by IRS to verify that the proper credit has been claimed.

Respondents: Individuals or households.

Estimated Number of Respondents/Recordkeepers: 2,250.

Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--46 min.

Learning about the law or the form--4 min.

Preparing the form--25 min.

Copying, assembling, and sending the form to the IRS--28 min.

Frequency of Response: On occasion.

Estimated Total Reporting/Recordkeeping Burden: 3,893 hours.

OMB Number: 1545-0441.

Form Number: IRS Forms 6559 and 6559-A.

Type of Review: Extension.

Title: Transmitter Report and Summary of Magnetic Media (6559); and

Continuation Sheet for Form 6559 (6559-A).

Description: Forms 6559 and 6559-A are used by filers of Form W-2

and Tax Data to transmit filing on magnetic media. The Social Security

Administration (SSA) and the Internal Revenue Service (IRS) need signed

jurat and summary data for processing purposes. The forms are used

primarily by large employers and tax filing services (service bureaus).

Respondents: Business or other for-profit, Not-for-profit

institutions, Farms, Federal Government, State, Local or Tribal

Government.

Estimated Number of Respondents: 100,000.

Estimated Burden Hours Per Respondent: 15 minutes.

Frequency of Response: Annually.

Estimated Total Reporting Burden: 30,000 hours.

OMB Number: 1545-1053.

Form Number: IRS Form 8709.

Type of Review: Extension.

Title: Exemption From Withholding on Investment Income of Foreign

Government and International Organizations.

Description: This form is used by foreign government and

international organizations, with certain types of investments in the

United States, to file with withholding agents to obtain exemption from

withholding under Code Section 892. The withholding

[[Page 15222]]

agent uses the information to determine the appropriate withholding, if

any.

Respondents: Business or other for-profit.

Estimated Number of Respondents/Recordkeepers: 3,000.

Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--13 min.

Learning about the law or the form--25 min.

Preparing the form--26 min.

Copying, assembling, and sending the form to the IRS--20 min.

Frequency of Response: On occasion.

Estimated Total Reporting/Recordkeeping Burden: 42,600 hours.

OMB Number: 1545-1512.

Revenue Procedure Number: Revenue Procedure 96-61.

Type of Review: Extension.

Title: Electronic Filing Program.

Description: Revenue Procedure 96-61 informs those who participate

in the Electronic Filing Program for Form 1040, and Form 1040A, and

Form 1040EZ, of their obligations to the Internal Revenue Service,

taxpayers, and other participants.

Respondents: Business or other for-profit.

Estimated Number of Respondents/Recordkeepers: 75,000.

Estimated Burden Hours Per Respondent/Recordkeeper: 15 hours, 17

minutes.

Frequency of Response: On occasion.

Estimated Total Reporting/Recordkeeping Burden: 1,146,272.

OMB Number: 1545-1513.

Revenue Procedure Number: Revenue Procedure 96-62.

Type of Review: Extension.

Title: On-Line Filing Program.

Description: Revenue Procedure 96-62 informs those who participate

in the On-Line Filing Program for Form 1040, Form 1040A, and Form

1040EZ, of their obligations to the Internal Revenue Service,

taxpayers, and other participants.

Respondents: Business or other for-profit.

Estimated Number of Respondents/Recordkeepers: 14.

Estimated Burden Hours Per Respondent/Recordkeeper: 423 hours.

Frequency of Response: On occasion.

Estimated Total Reporting/Recordkeeping Burden: 5,919 hours.

OMB Number: 1545-1516.

Form Number: IRS Form 8832.

Type of Review: Extension.

Title: Entity Classification Election.

Description: An eligible entity that chooses not to be classified

under the default rules or that wishes to change it current

classification must file Form 8832 to elect a classification.

Respondents: Business or other for-profit, Farms.

Estimated Number of Respondents/Recordkeepers: 5,000.

Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--1 hr., 20 min.

Learning about the law or the form--1 hr., 41 min.

Preparing and sending the form to the IRS--17 min.

Frequency of Response: On occasion.

Estimated Total Reporting/Recordkeeping Burden: 16,500 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. 97-8080 Filed 3-28-97; 8:45 am]

BILLING CODE 4830-01-P