[Federal Register Volume 72, Number 90 (Thursday, May 10, 2007)]
[Notices]
[Pages 26684-26685]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-8918]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Forms W-8BEN, W-8ECI, W-
8EXP, and W-8IMY
AGENCY: Internal Revenue Service (IRS), Treasury.
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
[[Page 26685]]
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 W-8BEN,
Certificate of Foreign Status of Beneficial Owner for United States Tax
Withholding, Form W-8ECI, Certificate of Foreign Person's Claim for
Exemption From Withholding on Income Effectively Connected With the
Conduct of a Trade or Business in the United States, Form W-8EXP,
Certificate of Foreign Government or Other Foreign Organization for
United States Tax Withholding, and Form W-8IMY, Certificate of Foreign
Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for
United States Tax Withholding.
DATES: Written comments should be received on or before July 9, 2007 to
be assured of consideration.
ADDRESSES: Direct all written comments to Glenn Kirkland, Internal
Revenue Service, room 6512, 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 Larnice Mack
at Internal Revenue Service, room 6512, 1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622-3179, or through the Internet at
([email protected]).
SUPPLEMENTARY INFORMATION:
Title: Form W-8BEN, Certificate of Foreign Status of Beneficial
Owner for United States Tax Withholding, Form W-8ECI, Certificate of
Foreign Person's Claim for Exemption From Withholding on Income
Effectively Connected With the Conduct of a Trade or Business in the
United States, Form W-8EXP, Certificate of Foreign Government or Other
Foreign Organization for United States Tax Withholding, and Form W-
8IMY, Certificate of Foreign Intermediary, Foreign Flow-Through Entity,
or Certain U.S. Branches for United States Tax Withholding.
OMB Number: 1545-1621.
Form Number: W-8BEN, W-ECI, W-8EXP, and W-8IMY.
Abstract: 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 used by a foreign government, international
organization, foreign central bank of issue, foreign tax-exempt
organization, or foreign private foundation. The form is used by such
persons to establish foreign status, to claim that the person is the
beneficial owner of the income for which 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 to
transmit appropriate documentation to the withholding agent.
Current Actions: There are no changes being made to the forms at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals, business or other for-profit
organizations, and not-for-profit institutions.
Estimated Number of Respondents: Form W-8BEN--3,000,000; Form W-
8ECI--180,000; Form W-8EXP--240; Form W-8IMY--400.
Estimated Time per Respondent: Form W-8BEN--13 hr., 47 min.; Form
W-8ECI--10 hr., 33 min.; Form W-8EXP--18 hr., 28 min.; Form W-8IMY--16
hr., 46 min.
Estimated Total Annual Burden Hours: Form W-8BEN--41,370,000; Form
W-8ECI--1,899,000; Form W-8EXP--4,431; Form W-8IMY--6,704.
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: May 1, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-8918 Filed 5-9-07; 8:45 am]
BILLING CODE 4830-01-P