[Federal Register Volume 62, Number 194 (Tuesday, October 7, 1997)]
[Notices]
[Pages 52377-52378]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-26467]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

September 30, 1997.
    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, Pub. L. 104-13. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information

[[Page 52378]]

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.

Internal Revenue Service (IRS)

    OMB Number: 154-0096.
    Form Number: IRS Forms 1042 and 1042-S.
    Type of Review: Revision.
    Title: Annual Withholding Tax Return for U.S. Source of Income of 
Foreign Persons (1042); and Foreign Person's U.S. Source of Income 
Subject to Withholding.
    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 Form 1040-S is filed magnetically or 
with Form 1042 for information reporting purposes. The IRS uses this 
information to verify that the correct amount of tax has been withheld 
and paid to the United States.
    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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                                                    Learning about                      Copying, assembling, and
             Form                 Recordkeeping     the law or the     Preparing the    sending the form to the 
                                                         form              form                   IRS           
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1042..........................  10 hr., 31 min...  2 hr., 8 min....  4 hr., 15 min...  32 min.                  
4720..........................  5 hr., 1 min.....  3 hr., 33 min...  4 hr., 43 min...  16 min.                  
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    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 22,063,680 hours.
    Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW., Washington, DC 
20224.
    OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports, Management Officer.
[FR Doc. 97-26467 Filed 10-6-97; 8:45 am]
BILLING CODE 4830-01-P