[Federal Register Volume 63, Number 113 (Friday, June 12, 1998)]
[Notices]
[Pages 32282-32284]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-15730]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

June 1, 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, Pub. L. 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 13, 1998 
to be assured of consideration.

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 receive 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--12 min.
Preparing and sending the form to the IRS--17 min.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 143,260 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.

[[Page 32283]]

    Respondents: Individuals or households, Business or 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--13 min.
Preparing the form--14 min.
Copying, assembling and sending the form to the IRS--20 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 22,275 hours.

    OMB Number: 1545-0181.
    Form Number: IRS Form 4768.
    Type of Review: Extension.
    Title: Application for Extension of Time to File a Return and/or 
Pay U.S. Estate (and Generation-Skipping Transfer) Taxes.
    Description: Form 4768 is used by estates to request an extension 
of time to file an estate (and GST) tax return and/or to pay the estate 
(and GST) taxes and to explain why the extension should be granted. IRS 
uses the information to decide whether the extension should be granted.
    Respondents: Individuals or households, Business or other for-
profit.
    Estimated Number of Respondents/Recordkeepers: 18,500.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--13 min.
Learning about the law or the form--16 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: 22,200 hours.

    OMB Number: 1545-0190.
    Form Number: IRS Form 4876-A.
    Type of Review: Extension.
    Title: Election To Be Treated as an Interest Charge DISC.
    Description: A domestic corporation and its shareholders must elect 
to be an interest charge domestic international sales corporation (IC-
DISC). Form 4876-A is used to make the election. IRS uses the 
information to determine if the corporation qualifies to be an IC-DISC.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 1,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--4 hr., 4 min.
Learning about the law or the form--1 hr., 12 min.
Preparing and sending the form to the IRS--1 hr., 19 min.

    Frequency of Response: Other (one-time election).
    Estimated Total Reporting/Recordkeeping Burden: 6,560 hours.

    OMB Number: 1545-0213.
    Form Number: IRS Form 5578.
    Type of Review: Extension.
    Title: Annual Certification of Racial Nondiscrimination for a 
Private School Exempt from Federal Income Tax.
    Description: Form 5578 is used by private schools that do not file 
Schedule A (Form 990) to certify that they have a racially 
nondiscriminatory policy toward students as outlined in Revenue 
Procedure 75-50. The Internal Revenue Service uses the information to 
help insure that the school is maintaining a nondiscriminatory policy 
in keeping with its exempt status.
    Respondents: Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 1,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 4 hours, 44 
minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 4,750 hours.

    OMB Number: 1545-0232.
    Form Number: IRS Form 6497.
    Type of Review: Extension.
    Title: Information Return of Nontaxable Energy Grants or Subsidized 
Energy Financing.
    Description: Form 6497 is used by any governmental agency or its 
agents that make nontaxable grants or subsidized financing for energy 
conservation or production programs. IRS uses the information from the 
form to ensure that recipients have not claimed tax credits or other 
benefits with respect to the grant or subsidized financing (no ``double 
dipping'').
    Respondents: Business or other for-profit, Federal Government, 
State, Local or Tribal Government.
    Estimated Number of Respondents/Recordkeepers: 250.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--2. Hr., 23 min.
Learning about the law or the form--24 min.
Preparing, copying, assembling and sending the form to the IRS.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 810 hours.

    OMB Number: 1545-0240.
    Form Number: IRS Form 6118.
    Type of Review: Extension.
    Title: Claim for Refund of Income Tax Return Preparer Penalties.
    Description: Form 6118 is used by preparers to file for a refund of 
penalties incorrectly charged. The information enables the IRS to 
process the claim and have the refund issued to the tax return 
preparer.
    Respondents: Individuals or households, Business or other for-
profit.
    Estimated Number of Respondents/Recordkeepers: 10,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--13 min.
Learning about the law or the form--17 min.
Preparing the form--11 min.
Copying, assembling and sending the form to the IRS--20 min.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 10,400 hours.

    OMB Number: 1545-0242.
    Form Number: IRS Form 6197.
    Type of Review: Extension.
    Title: Gas Guzzler Tax.
    Description: Form 6197 is used to compute the gas guzzler tax on 
automobiles whose fuel economy does not meet certain standards for fuel 
economy. The tax is reported quarterly on Form 720. Form 6197 is filed 
each quarter with Form 720 for manufacturers. Individuals can make a 
one-time filing if they import a gas guzzler auto for personal use. The 
IRS uses the information to verify computation of the tax and 
compliance with the law.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 605
    Estimated Burden Hours Per Respondent/Recordkeeper:

[[Page 32284]]

Recordkeeping--4 hr., 18 min.
Learning about the law or the form--12 min.
Preparing and sending the form to the IRS--17 min.
    Frequency of Response: Quarterly, Annually.
    Estimated Total Reporting/Recordkeeping Burden: 2,892 hours.

    OMB Number: 1545-0534.
    Form Number: IRS Form 5303.
    Type of Review: Extension.
    Title: Application for Determination for Collectively Bargained 
Plan.
    Description: IRS uses Form 5303 to get information needed about the 
finances and operation of employee benefit plans set up by employers 
under a collective bargaining agreement. The information obtained on 
Form 5303 is used to make a determination on whether the plan meets the 
requirements to qualify under section 401(a) and whether the related 
trust qualifies for exemption under section 501(a) of the Internal 
Revenue Code.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 2,500.
    Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--22 hr., 14 min.
Learning about the law or the form--3 hr., 51 min.
Preparing the form--8 hr., 7 min.
Copying, assembling and sending the form to the IRS--1 hr., 4 min.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 88,200 hours.

    OMB Number: 1545-0773.
    Regulation Project Number: TD 8172 Final.
    Type of Review: Extension.
    Title: Qualification of Trustee or Like Fiduciary in Bankruptcy.
    Description: Internal Revenue Code (IRC) section 6036 requires 
executors or receivers to advise the district director of their 
appointment or authorization to act. This information is necessary so 
that IRS will know of the proceedings and who to contact for delinquent 
returns or taxes.
    Respondents: Individuals or households.
    Estimated Number of Respondents: 50,000.
    Estimated Burden Hours Per Respondent: 15 minutes.
    Frequency of Response: Other (nonrecurring).
    Estimated Total Reporting Burden: 12,500 hours.

    OMB Number: 1545-0908.
    Form Number: IRS Forms 8282 and 8283.
    Type of Review: Extension.
    Title: Donee Information (Sale, Exchange of Other Disposition of 
Donated Property) (8282); and Noncash Charitable Contributions (8283).
    Description: Regulations section 1.170A-13(c) requires donors of 
property valued over $5,000 to file certain information with their 
return in order to receive the deduction. Donees must also inform the 
IRS if they dispose of the property within two years.
    Respondents: Individuals or households, Business or other for-
profit.
    Estimated Number of Respondents/Recordkeepers: 1,501,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

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                                                     Form 8282                            Form 8283             
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Recordkeeping.........................  3 hr., 7 min.......................  20 min.                            
Learning about the law or the form....  35 min.............................  26 min.                            
Preparing the form....................  35 min.............................  4 min.                             
Copying, assembling and sending the     35 min.............................  36 min.                            
 form to the IRS.                                                                                               
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    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 2,899,380 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. 98-15730 Filed 6-11-98; 8:45 am]
BILLING CODE 4830-01-P