[Federal Register Volume 64, Number 208 (Thursday, October 28, 1999)]
[Notices]
[Pages 58129-58130]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-28222]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
October 21, 1999.
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 November 29,
1999, to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0071.
Form Number: IRS Form 2120.
Type of Review: Extension.
Title: Multiple Support Declaration.
Description: A taxpayer who pays more than 10%, but less than 50%
of the support for an individual may claim that individual as a
dependent provided the taxpayer attaches declarations from anyone else
providing at least 10% support stating that they will not claim the
dependent. This form is used to show that the other contributors have
agreed not to claim the individual as a dependent.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 11,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--7 min.
Learning about the law or the form--3 min.
Preparing the form--7 min.
Copying, assembling, and sending the form to the IRS--10 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 4,950 hours.
OMB Number: 1545-0718.
Form Number: IRS Form 941-M.
Type of Review: Extension.
Title: Employer's Monthly Federal Tax Return.
Description: Form 941-M is used by certain employers to report
payroll taxes on a monthly rather than quarterly basis. Employers who
have failed to file Form 941 or who have failed to deposit taxes as
notified by the district Director that they must file Form 941-M
monthly.
Respondents: Business or other for-profit, Individuals or
households.
Estimated Number of Respondents/Recordkeepers: 1,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--12 hr., 26 min.
Learning about the law or the form--35 min.
Preparing, copying, assembling and sending the form to the IRS--50 min.
Frequency of Response: Monthly.
Estimated Total Reporting/Recordkeeping Burden: 166,320 hours.
OMB Number: 1545-1209.
Regulation Project Number: IA-83-90 Final.
Type of Review: Extension.
Title: Disclosure of Tax Return for Purposes of Quality or Peer
Reviews; Disclosure of Tax Return Information Due to Incapacity or
Death of Tax Return Preparer.
Description: These regulations govern the circumstances under which
tax return information may be for purposes of conducting quality or per
reviews, and disclosures that are necessary because of the tax return
preparer's death or incapacity.
Respondents: Business or other for-profit.
Estimated Number of Recordkeepers: 250,000.
Estimated Burden Hours Per Recordkeeper: 1 hour.
Estimated Total Recordkeeping Burden: 250,000 hours.
OMB Number: 1545-1231.
Regulation Project Number: IA-38-90 Final (T.D. 8382).
Type of Review: Extension.
Title: Penalty on Income Tax Return Preparers Who Understate
Taxpayer's Liability on a Federal Income Tax Return or a Claim for
Refund.
Description: These regulations set forth rules under section 6694
of the Internal Revenue Code regarding the
[[Page 58130]]
penalty for understatement of a taxpayer's liability on a Federal
income tax return or claim for refund. In certain circumstances, the
preparer may avoid the penalty by disclosing on a Form 8275 or by
advising the taxpayer or another preparer that disclosure is necessary.
Respondents: Business or other for-profit, individuals or
households.
Estimated Number of Respondents: 100,000.
Estimated Burden Hours Per Response: 30 minutes.
Frequency of Response: On occasion, annually.
Estimated Total Reporting Burden: 50,000 hours.
OMB Number: 1545-1497.
Form Number: IRS Form 8837.
Type of Review: Extension.
Title: Notice of Adoption of Revenue Procedure Model Amendments.
Description: Form 8837 is used as a transmittal document by the
sponsors of ``master or prototype'' plans, regional prototype plans,
and volume submitter plans. Revenue Procedures implementing law changes
or other changes may be issued at any time requiring changes in plan
documents. These changes or amendments can be submitted to the Service
using this form.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 3,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--2 hr., 11 min.
Preparing and sending the form to the IRS--28 min.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 7,950 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. 99-28222 Filed 10-27-99; 8:45 am]
BILLING CODE 4830-01-U