[Federal Register Volume 60, Number 87 (Friday, May 5, 1995)]
[Notices]
[Page 22434]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-11082]



[[Page 22434]]

DEPARTMENT OF THE TREASURY


Public Information Collection Requirements Submitted to OMB for 
Review

April 26, 1995.
    The Department of the 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: 1545-0314
Form Number: IRS Forms 6466 and 6467
Type of Review: Revision
Title: Transmittal of Magnetic Media of Form W-4
Description: Under Regulation 31.3402(f)(2)-1(g), employers are 
required to submit certain withholding certificates (W-4) to the IRS. 
Transmittal Form 6466, and the continuation sheet Form 6467 are 
submitted by an authorized agent of the employer who will be reporting 
submissions of Form W-4 on magnetic media.
Respondents: Business or other for-profit, Not-for-profit institutions, 
Farms, Federal Government, State, Local or Tribal Government
Estimated Number of Respondents: 100
Estimated Burden Hours Per Respondent: 20 minutes
Frequency of Response: Monthly
Estimated Total Reporting Burden: 133 hours
OMB Number: 1545-1014
Form Number: IRS Form 1066 and Schedule Q (form 1066)
Type of Review: Revision
Title: U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax 
Return (Form 1066); Quarterly Notice to Residual Interest Holder of 
REMIC Taxable Income or Net Loss Allocation (Schedule Q)
Description: Form 1066 and Schedule Q (Form 1066) are used by a real 
estate mortgage investment conduit (REMIC) to figure its tax liability 
and income and other tax-related information to pass through to its 
residual holders. IRS uses the information to determine the correct tax 
liability of the REMIC and its residual holders.
Respondents: Business or other for-profit
Estimated Number of Respondents/Recordkeepers: 4,917
Estimated Burden Hours Per Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                                                   Form 1066            Schedule Q (Form 1066)  
----------------------------------------------------------------------------------------------------------------
Recordkeeping...........................................  28 hr., 13 min.             6 hr., 13 min.            
Learning about the law or the form......................  6 hr., 41 min.              1 hr., 34 min.            
Preparing the form......................................  9 hr., 19 min.              2 hr., 40 min.            
Copying, assembling, and sending the form to the IRS....  16 min.                     16 min.                   
----------------------------------------------------------------------------------------------------------------

Frequency of Response: Annually
Estimated Total Reporting/Recordkeeping Burden: 746,695 hours
OMB Number: 1545-1070
Regulation ID Number: INTL-934-86 Final Regulations TD 8432; and INTL-
27-92 Temporary Regulations TD 8223
Type of Review: Extension
Title: Branch Profits Tax (INTL-934-86); and Section 1.884-2T (INTL-27-
92)
Description: The regulation explains how to comply with section 884, 
which imposes a tax on earnings of a foreign corporation's branch that 
are removed from the branch and which subjects interest paid by the 
branch, and certain interest deducted by the foreign corporation to 
tax.
Respondents: Business or other for-profit
Estimated Number of Respondents/Recordkeepers: 28,500
Estimated Burden Hours Per Respondent/Recordkeeper: 4 hr., 45 min.
Frequency of Response: Annually
Estimated Total Reporting/Recordkeeping Burden: 12,694 hours
OMB Number: 1545-1379
Form Number: IRS Form 8831
Type of Review: Revision
Title: Excise Taxes on Excess Inclusions of REMIC Residual Interests
Description: Form 8831 is used by a real estate mortgage investment 
conduit (REMIC) to figure its excise tax liability under Code sections 
860E(e)(1), 860E(e)(6), and 860E(e)(7). IRS uses the information to 
determine the correct tax liability of the REMIC.
Respondents: Business or other for-profit
Estimated Number of Respondents/Recordkeepers: 31
Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--4 hr., 32 min.
    Learning about the law or the form--1 hr., 29 min.
    Preparing and sending the form to the IRS--1 hr., 38 min.
Frequency of Response: On occasion
Estimated Total Reporting/Recordkeeping Burden: 237 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. 95-11082 Filed 5-4-95; 8:45 am]
BILLING CODE 4830-01-P