[Federal Register Volume 63, Number 14 (Thursday, January 22, 1998)]
[Notices]
[Pages 3390-3392]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1501]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

January 13, 1998.
    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: New.
    Form Number: None.
    Type of Review: New collection.
    Title: 1988 Electronic Tax Administration Attitudinal Tracking 
Study.
    Description: The survey is being conducted to establish a baseline 
measure of public knowledge and acceptance of Electronic Tax

[[Page 3391]]

Administration programs and to provide the IRS with quantitative data 
and analysis to assist with making policy decisions on how to expand 
the programs.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 1,030.
    Estimated Burden Hours Per Respondent: 20 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 379 hours.

    OMB Number: 1545-0073.
    Form Number: IRS Form 1310.
    Type of Review: Extension.
    Title: Statement of Person Claiming Refund Due a Deceased Taxpayer.
    Description: Form 1310 is used by a claimant to secure payment of a 
refund on behalf of a deceased taxpayer. The information enables IRS to 
send the refund to the correct person.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 7,500.
    Estimated Burden Hours Per Respondent/Recordkeeper:

    Recordkeeping--7 min.
    Learning about the law or the form--3 min.
    Preparing the form--16 min.
    Copying, assembling, and sending the form to the IRS--17 min.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 5,325 hours.

    OMB Number: 1545-0138.
    Form Number: IRS Form 2063.
    Type of Review: Revision.
    Title: U.S. Departing Alien Income Tax Statement.
    Description: Form 2063 is used by a departing resident alien 
against whom a termination assessment has not been made, or a departing 
nonresident alien who has no taxable income from United States sources, 
to certify that they have satisfied all U.S. income tax obligations. 
The data is used by IRS to certify that departing aliens have complied 
with U.S. income tax laws.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 20,540.
    Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--7 min.
    Learning about the law or the form--3 min.
    Preparing the form--26 min.
    Copying, assembling, and sending of the form to the IRS--14 min.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 17,048 hours.

    OMB Number: 1545-0159.
    Form Number: IRS Form 3520.
    Type of Review: Extension.
    Title: Annual Return to Report Transactions with Foreign Trusts and 
Receipt of Certain Foreign Gifts.
    Description: Form 3520 is filed by U.S. persons who create a 
foreign trust, transfer property to a foreign trust, receive a 
distribution from a foreign trust, or receive a large gift from a 
foreign source. IRS uses the form to identify the U.S. persons who may 
have transactions that may trigger a taxable event in the future.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 2,000.
    Estimated Burden Hours Per Respondent/Recordkeeper.
    Recordkeeping--50 hr., 28 min.
    Learning about the law or the form--4 hr., 44 min.
    Preparing the form--6 hr., 42 min.
    Sending the form to the IRS--16 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 124,320 hours.

    OMB Number: 1545-0889.
    Form Number: IRS Forms 8275 and 8275-R.
    Type of Review: Extension.
    Title: Disclosure Statement and Regulation Disclosure Statement.
    Description: Internal Revenue Code (IRC) section 6662 imposes 
accuracy related penalties for substantial understatement of tax 
liability or negligence or disregard of rules and regulations. Section 
6694 imposes similar penalties on return preparers. Regulations 
sections 1.6662-4(e)&(f) provide for reduction of these penalties if 
adequate disclosure of the tax treatment is made on Form 8275 or if the 
position is contrary to a regulation, Form 8275-R.
    Respondents: Individuals or households, Farms, Business or other 
for-profit.
    Estimated Number of Respondents/Recordkeepers: 595,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                                           Form 8275                       Form 8275-R          
----------------------------------------------------------------------------------------------------------------
Recordkeeping.................................  2 hr., 23 min..................  2 hr., 38 min.                 
Learning about the law or the form............  47 min.........................  35 min.                        
Preparing and sending the form to the IRS.....  52 min.........................  40 min.                        
----------------------------------------------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 3,970,000 hours.

    OMB Number: 1545-1305.
    Form Number: IRS Forms 9460 (cat# 14762P) and 9477 (cat# 14891T).
    Type of Review: Extension.
    Title: Tax Forms Inventory Report.
    Description: These forms are designed to collect tax forms 
inventory information from banks, post offices, and libraries that 
distribute federal tax forms. Data is collected detailing the 
quantities and types of tax forms remaining at the end of the filing 
season. The data is combined with shipment data for each account and 
used to establish forms distribution guidelines for the following year. 
Source code data is collected to verify that the different entities 
received tax forms with the correct code.
    Respondents: Business or other for-profit, Not-for-profit 
institutions, Federal Government.
    Estimated Number of Respondents: 10,720.
    Estimated Burden Hours Per Respondent:
    Form 9460 (cat# 14762P)--10 min.
    Form 9477 (cat# 14891T)--15 min.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 2,600 hours.
    OMB Number: 1545-1455.
    Regulation Project Number: PS-80-93 Final.
    Type of Review: Extension.
    Title: Rules for Certain Rental Real Estate Activities.
    Description: The information required by these regulations will be 
used by the Internal Revenue Service to aid in the administration of 
the law and to determine whether a taxpayer that qualifies for 
treatment under section 469(c)(7) has made the election under section 
469(c)(7)(A).
    Respondents: Individuals and households, Business or other for-
profit.
    Estimated Number of Respondents: 20,100.
    Estimated Burden Hours Per Respondent: 9 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 3,015 hours.


[[Page 3392]]


    OMB Number: 1545-1458.
    Regulation Project Number: REG-209835-86 Final (formerly INTL-933-
86).
    Type of Review: Extension.
    Title: Computation of Foreign Taxes Deemed Paid Under Section 902 
Pursuant to a Pooling Mechanism for Undistributed Earnings and Foreign 
Taxes.
    Description: These regulations provide rules for computing foreign 
taxes deemed paid under section 902. The regulations affect foreign 
corporations and their U.S. corporate shareholders.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 1.
    Estimated Burden Hours Per Respondent: 1.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 1 hour.
    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. 98-1501 Filed 1-21-98; 8:45 am]
BILLING CODE 4830-01-P