[Federal Register Volume 66, Number 161 (Monday, August 20, 2001)]
[Notices]
[Pages 43609-43610]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-20849]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 10, 2001.
    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 September 19, 
2001 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0023.
    Form Number: IRS Form 720.
    Type of Review: Extension.
    Title: Quarterly Federal Excise Tax Return.
    Description: The information supplied on Form 720 is used by the 
IRS to determine the correct tax liability. Additionally, the data is 
reported by the IRS to Treasury so that funds may be transferred from 
the general revenue funds to the appropriate trust funds.

[[Page 43610]]

    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institution, Farms, Federal Government, 
State, Local or Tribal Government.
    Estimated Number of Respondents/Recordkeepers: 50,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                                             Learning about the law   Preparing and sending the
                Form                      Recordkeeping            or the form             form to the IRS
----------------------------------------------------------------------------------------------------------------
Form 720...........................  23 hr., 53 min........  1 hr., 49 min.........  4 hr., 40 min.
Schedule A.........................  1 hr., 54 min.........  ......................  1 min.
Schedule C Part I..................  1 hr., 54 min.........  6 min.................  7 min.
Schedule C Part II.................  22 hr., 28 min........  6 min.................  28 min.
Schedule C Part III................  14 min................  ......................  ...........................
Form 6197..........................  4 hr., 18 min.........  12 min................  16 min.
Form 6627..........................  5 hr., 1 min..........  6 min.................  11 min.
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    Frequency of Response: Quarterly.
    Estimated Total Reporting/Recordkeeping Burden: 3,479,551 hours.
    OMB Number: 1545-0245.
    Form Number: IRS Form 6627.
    Type of Review: Extension.
    Title: Environmental Taxes.
    Description: Form 6627 is attached to Form 720 to compute and 
collect tax on chemical substances, and ozone-depleting chemicals.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 1,610.
    Estimated Burden Hours Per Respondent/Recordkeeper: 1 hour, 47 
minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 5,174 hours.
    OMB Number: 1545-1621.
    Form Number: IRS Forms W-8BEN, W-8ECI, W-8EXP, and W-8IMY.
    Type of Review: Extension.
    Title: W-8BEN: Certificate of Foreign Status of Beneficial Owner 
for United States Tax Withholding;
    W-8ECI: Certificate of Foreign Person's Claim From Withholding on 
Income Effectively Connected With the Conduct of a Trade or Business in 
the United States;
    W-8EXP: Certificate of Foreign Government or Other Foreign 
Organization for United States Tax Withholding; and
    W-8IMY: Certificate of Foreign Intermediary, Foreign Flow-Through 
Entity, or Certain U.S. Branches for United States Tax Withholding.
    Description: Form W-8BEN is used for certain types of income to 
establish that the person is a foreign person, is the beneficial owner 
of the income for which Form W-8BEN is being provided and, if 
applicable, to claim a reduced rate of, or exemption from, withholding 
as a resident of a foreign country with which the United States has an 
income tax treaty.
    Form W-8ECI is used to establish that the person is a foreign 
person, is the beneficial owner of the income for which Form W-8ECI is 
being provided, and to claim that the income is effectively connected 
with the conduct of a trade or business within the United States.
    Form W-8EXP is given and, if applicable, to claim a reduced rate 
of, or exemption from, withholding.
    Form W-8IMY is provided to a withholding agent or payer by a 
foreign intermediary, foreign partnership, and certain U.S. branches to 
make representations regarding the status of beneficial owners or 
transmit appropriate documentation to the withholding agent.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 3,180,640.
    Estimated Burden Hours Per Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                                             Learning about the law   Preparing and sending the
                Form                      Recordkeeping            or the form             form to the IRS
----------------------------------------------------------------------------------------------------------------
W-8BEN.............................  5 hr., 58 min.........  3 hr., 46 min.........  4 hr., 2 min.
W-8ECI.............................  3 hr., 35 min.........  3 hr., 22 min.........  3 hr., 35 min.
W-8EXP.............................  7 hr., 10 min.........  5 hr., 28 min.........  5 hr., 49 min.
W-8IMY.............................  5 hr., 58 min.........  4 hr., 38 min.........  6 hr., 8 min.
----------------------------------------------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 43,280,135 hours.
    Clearance Officer: Garrick Shear, Internal Revenue Service, Room 
5244, 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. 01-20849 Filed 8-17-01; 8:45 am]
BILLING CODE 4830-01-P