[Federal Register Volume 67, Number 71 (Friday, April 12, 2002)]
[Notices]
[Page 18054]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-8853]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 5, 2002.
    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 13, 2002 to 
be assured of consideration.

Internal Revenue Service

    OMB Number: 1545-0096.
    Form Number: IRS Forms 1042, 1042-S and 1042-T.
    Type of Review: Extension.
    Title: Form 1042: Annual Withholding Tax Return for U.S. Source 
Income of Foreign Persons; Form 1042-S: Foreign Person's U.S. Source of 
Income Subject to Withholding; and Form 1042-T: Annual Summary and 
Transmittal of Forms 1042-S.
    Description: Form 1042 is used by withholding agents to report tax 
withheld at source on certain income paid to nonresident alien 
individuals, foreign partnerships, and foreign corporations to the IRS. 
Form 1042-S is used by withholding agents to report income and tax 
withheld to payees. A copy of each 1042-S is filed magnetically or with 
Form 1042 for information reporting purposes. The IRS uses the 
information to verify that the correct amount of tax has been withheld 
and paid to the United States. Form 1042-T is used by withholding 
agents to transmit Forms 1042-S to the IRS.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 22,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

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                                                                                             Copying assembling,
              Form                  Recordkeeping    Learning about the  Preparing the form    and sending the
                                                       law or the form                         form to the IRS
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Form 1042......................  8 hr., 51 min.....  2 hr., 31 min.....  4 hr., 26 min.....  32 min.
Form 1042-S....................  ..................  ..................  25 min.
Form 1042-T....................  ..................  ..................  12 min.
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    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 1,030,980 hour.
    Clearance Officer: Glenn Kirkland, Internal Revenue Service, Room 
6411-03, 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. 02-8853 Filed 4-11-02; 8:45 am]
BILLING CODE 4830-01-P