Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Submission for OMB Review; Comment Request

June 7, 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 July 21, 1999

to be assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545-0001.

Form Number: IRS Form CT-1.

Type of Review: Extension.

Title: Employer's Annual Railroad Retirement Tax Return.

Description: Railroad employers are required to file an annual

return to report employer and employee Railroad Retirement Tax Act

(RRTA). Form CT-1 is used for this purpose. IRS uses the information

insure that the employer has paid the correct tax.

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

institutions, State, Local or Tribal Government.

Estimated Number of Respondents/Recordkeepers: 2,387.

Estimated Burden Hours Per Respondent/Recordkeeper:

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CT-1 (part I) CT-1 (part II)

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Recordkeeping.................. 10 hrs., 17 min... 3 hrs., 7 min.

Learning about the law or the 12 hrs., 12 min... 6 min.

form.

Preparing, copying, assembling, 6 hrs., 3 min..... 9 min.

and sending the form to the

IRS.

------------------------------------------------------------------------

Frequency of Response: Annually.

Estimated Total Reporting/Recordkeeping Burden: hours.

OMB Number: 1545-0014.

Form Number: IRS Form 637.

Type of Review: Extension.

Title: Application for Registration (For Certain Excise Tax

Activities).

Description: Form 637 is used to apply for excise tax registration.

The registration applies to a person required to be registered under

Internal Revenue Code (IRC) section 4101 for purposes of the federal

excise tax on taxable fuel imposed by IRC 4041 and 4081; and to certain

manufacturers or sellers and purchasers that must register under IRC

4222 to be exempt from the excise tax on taxable articles. The data is

used to determine if the applicant qualifies for exemption. Taxable

fuel producers are required by IRC 4101 to register with the Service

before incurring any tax liability.

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

institutions.

Estimated Number of Respondents/Recordkeepers: 2,000

Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--10 hrs., 17 min.

Learning about the law or the form--1 hr., 56 min

Preparing and sending the form to the IRS--1 hr., 41 min.

Frequency of Response: Other (one time only).

Estimated Total Reporting/Recordkeeping Burden: 27,780 hours.

OMB Number: 1545-0110.

Form Number: IRS Form 1099-DIV.

Type of Review: Extension.

Title: Dividends and Distributions.

Description: The form is used by the Internal Revenue Service to

insure that dividends are properly reported as required by Code section

6042 and that liquidation and distributions are correctly reported as

required by Code section 6043, and to determine whether payees are

correctly reporting their income.

Respondents: Business or other for-profit.

Estimated Number of Respondents: 140,560.

Estimated Burden Hours Per Respondent: 16 minutes.

Frequency of Response: Annually.

Estimated Total Reporting Burden: 29,099,759 hours.

OMB Number: 1545-0256.

Form Number: IRS Forms 941c and 941cPR.

Type of Review: Extension.

Title: Supporting Statement To Correct Information (941c); and

Planilla Para La Correccion de Informacion (941cPR).

Description: These forms are used by employers to correct

previously reported FICA or income tax data. It may be used to support

a credit or adjustment claimed on a current return for an error in a

prior return period. The information is used to reconcile wages and

taxes previously reported or used to support a claim for refund,

credit, or adjustment of FICA or income tax.

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

institutions, State, Local or Tribal Government.

Estimated Number of Respondents/Recordkeepers: 958,050.

Estimated Burden Hours Per Respondent/Recordkeeper:

------------------------------------------------------------------------

Form Hours per respondent

------------------------------------------------------------------------

941c.................................. 9 hrs., 12 min.

941cPR................................ 7 hrs., 44 min.

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[[Page 33136]]

Frequency of Response: On occasion.

Estimated Total Reporting/Recordkeeping Burden: 8,728,727 hours.

OMB Number: 1545-0922.

Form Number: IRS Forms 8329 and 8330.

Type of Review: Extension.

Title: Lender's Information Return for Mortgage Credit Certificates

(MCCs) (8329); Issuer's Quarterly Information Return for Mortgage

Credit Certificates (MCCs) (8330).

Description: Form 8329 is used by lending institutions and Form

8330 is used by state and local governments to report on mortgage

credit certificates (MCCs) authorized under Internal Revenue Code (IRC)

section 25. IRS matches the information supplied by lenders and issuers

to ensure that the credit is computed properly.

Respondents: Business or other for-profit, State, Local or Tribal

Government.

Estimated Number of Respondents/Recordkeepers: 10,500.

Estimated Burden Hours Per Respondent/Recordkeeper:

------------------------------------------------------------------------

Form 8329 Form 8330

------------------------------------------------------------------------

Recordkeeping................. 3 hrs., 35 min... 4 hrs., 32 min.

Learning about the law or the 1 hr. 0 min...... 1 hr., 17 min.

form.

Preparing and sending the form 1 hr., 6 min..... 1 hr., 25 min.

to the IRS.

------------------------------------------------------------------------

Frequency of Response: Quarterly.

Estimated Total Reporting/Recordkeeping Burden: 71,400 hours.

OMB Number: 1545-1079.

Form Number: IRS Form 9041.

Type of Review: Extension.

Title: Application for Electronic/Magnetic Media Filing of Business

and Employee Benefit Plan Returns.

Description: For 9041 is filed by fiduciaries of estates and

trusts, partnerships, and plan sponsors/administrators as an

application to file their returns electronically or on magnetic media;

and by software developers, service bureaus and electronic transmitters

to develop auxiliary services.

Respondents: Business or other for-profit.

Estimated Number of Respondents: 3,000.

Estimated Burden Hours Per Respondent: 18 minutes.

Frequency of Response: Annually.

Estimated Total Reporting Burden: 900 hours.

OMB Number: 1545-1110.

Form Number: IRS Form 940-EZ.

Type of Review: Extension.

Title: Employer's Annual Federal Unemployment (FUTA) Tax Return.

Description: Form 940-EZ is a simplified form that most employers

with uncomplicated tax situations (e.g., only paying unemployment

contributions to one state and paying them on time) can use to pay

their FUTA tax. Most small businesses and household employers use the

form.

Respondents: Business or other for-profit, Individuals or

households, Farms.

Estimated Number of Respondents/Recordkeepers: 4,089,000.

Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--6 hrs., 23 min.

Learning about the law or the form--58 min.

Preparing and sending the form to the IRS--59 min.

Frequency of Response: Annually.

Estimated Total Reporting/Recordkeeping Burden: 32,075,163 hours.

OMB Number: 1545-1173.

Form Number: IRS Form 8815.

Type of Review: Revision.

Title: Exclusion of Interest From Certain U.S. Savings Bonds Issued

After 1989.

Description: If an individual redeems series I or series EE U.S.

Savings Bonds issued after 1989 and pays a qualified higher education

expenses during the year, the interest on the bonds may be excludable

from income. Form 8815 is used by the individual to figure the amount

of savings bond interest that is excludable.

Respondents: Individuals or households.

Estimated Number of Respondents/Recordkeepers: 25,000.

Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--53 min.

Learning about the law or the form--13 min.

Preparing the form--38 min.

Copying, assembling, and sending the form to the IRS--34 min.

Frequency of Response: Annually.

Estimated Total Reporting/Recordkeeping Burden: 51,470 hours.

OMB Number: 1545-1407.

Form Number: IRS Form 8848.

Type of Review: Extension.

Title: Consent to Extend the Time To Assess the Branch Profits Tax

Under Regulations Sections 1.884-2(a) and (c).

Description: Form 8848 is used by foreign corporations that have

(a) completely terminated all of their U.S. trade or business within

the meaning of Temporary Regulations section 1.884-2T(a) during the tax

year or (b) transferred their U.S. assets to a domestic corporation in

a transaction described in Code section 381(a), if the foreign

corporation was engaged in a U.S. trade or business at that time.

Respondents: Business or other for-profit.

Estimated Number of Respondents/Recordkeepers: 5,000.

Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--4 hrs., 4 min.

Learning about the law or the form--47 min.

Preparing and sending the form to the IRS--54 min.

Frequency of Response: Annually.

Estimated Total Reporting/Recordkeeping Burden: 28,800 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. 99-15595 Filed 6-18-99; 8:45 am]

BILLING CODE 4830-01-P