[Federal Register Volume 67, Number 19 (Tuesday, January 29, 2002)]
[Notices]
[Pages 4314-4315]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-2156]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Forms 1042, 1042-S, and 
1042-T

AGENCY: Internal Revenue Service (IRS), Treasury.

[[Page 4315]]


ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form 1042, Annual Withholding Tax Return for U.S. Source Income of 
Foreign Persons, Form 1042-S, Foreign Person's U.S. Source Income 
Subject to Withholding, and Form 1042-T, Annual Summary and Transmittal 
of Forms 1042-S.

DATES: Written comments should be received on or before April 1, 2002 
to be assured of consideration.

ADDRESSES: Direct all written comments to George Freeland, Internal 
Revenue Service, room 5577, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Carol Savage, 
(202) 622-3945, or through the internet ([email protected].), 
Internal Revenue Service, room 5242, 1111 Constitution Avenue NW., 
Washington, DC 20224.

SUPPLEMENTARY INFORMATION:
    Title: Form 1042, Annual Withholding Tax Return for U.S. Source 
Income of Foreign Persons, Form 1042-S, Foreign Person's U.S. Source 
Income Subject to Withholding, and Form 1042-T, Annual Summary and 
Transmittal of Forms 1042-T.
    OMB Number: 1545-0096.
    Form Numbers: 1042, 1042-S, and 1042-T.
    Abstract: Form 1042 is used by withholding agents to report tax 
withheld at source on payment of certain income paid to nonresident 
alien individuals, foreign partnerships, or foreign corporations. The 
IRS uses this information to verify that the correct amount of tax has 
been withheld and paid to the United States. Form 1042-S is used to 
report certain income and tax withheld information to nonresident alien 
payees and beneficial owners. Form 1042-T is used by withholding agents 
to transmit Forms 1042-S to the IRS.
    Current Actions: There are no changes being made to these forms at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for profit organizations and 
individuals or households.
    Estimated Number of Respondents: 22,000.
    Estimated Time Per Respondent: 46 hours., 52 minutes.
    Estimated Total Annual Burden Hours: 1,030,980.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.

Request for Comments

    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval. All comments will 
become a matter of public record. Comments are invited on: (a) Whether 
the collection of information is necessary for the proper performance 
of the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information to be collected; (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and (e) estimates 
of capital or start-up costs and costs of operation, maintenance, and 
purchase of services to provide information.

    Approved: January 22, 2002.
George Freeland,
IRS Reports Clearance Officer.
[FR Doc. 02-2156 Filed 1-28-02; 8:45 am]
BILLING CODE 4830-01-P