[Federal Register Volume 65, Number 62 (Thursday, March 30, 2000)]
[Notices]
[Pages 17001-17002]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-7867]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

March 23, 2000.
    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 May 1, 2000, to 
be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0013.
    Form Number: IRS Form 56.
    Type of Review: Extension.
    Title: Notice Concerning Fiduciary Relationship.
    Description: Form 56 is used to inform the IRS that a person is 
acting for another person in a fiduciary capacity so that the IRS may 
mail tax notices to the fiduciary concerning the person for whom he/she 
is acting. The data is used to ensure that the fiduciary relationship 
is established or terminated and to mail or discontinue mailing 
designated tax notices to the fiduciary.
    Respondents: Business or other for-profit, individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 25,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping: 8 min.
Learning about the law or the form: 32 min.
Preparing the form: 46 min.
Copying, assembling, and sending the form to the IRS: 15 min.


    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 292,800 hours.

    OMB Number: 1545-0892.
    Form Number: IRS Form 8300.
    Type of Review: Extension.
    Title: Report of Cash Payments Over $10,000 Received in a Trade or 
Business.
    Description: Anyone in a trade or business who, in the course of 
such trade or business, receives more than $10,000 in cash or foreign 
currency in one or more related transactions must report it to the IRS 
and provide a

[[Page 17002]]

statement to the payor. Any transaction which must be reported under 
Title 31 on Form 4789 is exempted from reporting the same transaction 
on Form 8300.
    Respondents: Business or other for-profit, farms, Federal 
Government.
    Estimated Number of Respondents/Recordkeepers: 46,800.
    Estimated Burden Hours per Respondent/Recordkeeper: 21 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 63,539 hours.

    OMB Number: 1545-1225.
    Form Number: IRS Form 5310-A.
    Type of Review: Extension.
    Title: Notice of Plan Merger or Consolidation, Spinoff, or Transfer 
of Plan Assets or Liabilities; Notice of Qualified Separate Lines of 
Business.
    Description: Plan administrators are required to notify IRS of any 
plan mergers, consolidations, spinoffs, or transfer of plan assets or 
liabilities to another plan. Employers are required to notify IRS of 
separate lines of business for their deferred compensation plans. Form 
5310-A is used to make these notifications.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 15,000.
    Estimated Burden Hours per Respondent/Recordkeeper:

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                                                                                         Preparing, copying,
                                          Recordkeeping      Learning about the law  assembling, and sending the
                                                                   or the form             form to the IRS
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Part I.............................  1hr., 26 min..........  1hr., 35 min..........  1hr., 41 min.
Part II............................  3 hr., 50 min.........  12 min................  16 min.
Part III...........................  4 hr., 32 min.........  35 min................  42 min.
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    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 142,800 hours.

    Clearance Officer: Garrick Shear, Internal Revenue Service, Room 
5244, 1111 Constitution Avenue, NW, Washington, DC 20224.
    OMB Reviewer: Alexander T. Hunt, Office of Management and Budget, 
Room 10202, New Executive Office Building, Washington, DC 20503; (202) 
395-7860.

Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 00-7867 Filed 3-29-00; 8:45 am].
BILLING CODE 4830-01-U.