22434 Federal Register / Vol. 60, No. 87 / Friday, May 5, 1995 / Notices

Public Information Collection

Requirements Submitted to OMB for

Review

April 26, 1995.

The Department of the Treasury has

submitted the following public

information collection requirement(s) to

OMB for review and clearance under the

Paperwork Reduction Act of 1980,

Public Law 96–511. 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.

Internal Revenue Service (IRS)

OMB Number: 1545–0314

Form Number: IRS Forms 6466 and

6467

Type of Review: Revision

Title: Transmittal of Magnetic Media of

Form W–4

Description: Under Regulation

31.3402(f)(2)–1(g), employers are

required to submit certain

withholding certificates (W–4) to the

IRS. Transmittal Form 6466, and the

continuation sheet Form 6467 are

submitted by an authorized agent of

the employer who will be reporting

submissions of Form W–4 on

magnetic media.

Respondents: Business or other forprofit, Not-for-profit institutions,

Farms, Federal Government, State,

Local or Tribal Government

Estimated Number of Respondents: 100

Estimated Burden Hours Per

Respondent: 20 minutes

Frequency of Response: Monthly

Estimated Total Reporting Burden: 133

hours

OMB Number: 1545–1014

Form Number: IRS Form 1066 and

Schedule Q (form 1066)

Type of Review: Revision

Title: U.S. Real Estate Mortgage

Investment Conduit (REMIC) Income

Tax Return (Form 1066); Quarterly

Notice to Residual Interest Holder of

REMIC Taxable Income or Net Loss

Allocation (Schedule Q)

Description: Form 1066 and Schedule Q

(Form 1066) are used by a real estate

mortgage investment conduit (REMIC)

to figure its tax liability and income

and other tax-related information to

pass through to its residual holders.

IRS uses the information to determine

the correct tax liability of the REMIC

and its residual holders.

Respondents: Business or other forprofit

Estimated Number of Respondents/

Recordkeepers: 4,917

Estimated Burden Hours Per

Respondent/Recordkeeper:

Form 1066 Schedule Q (Form

1066)

Recordkeeping ................................................................................................................................ 28 hr., 13 min. 6 hr., 13 min.

Learning about the law or the form ................................................................................................ 6 hr., 41 min. 1 hr., 34 min.

Preparing the form .......................................................................................................................... 9 hr., 19 min. 2 hr., 40 min.

Copying, assembling, and sending the form to the IRS ................................................................. 16 min. 16 min.

Frequency of Response: Annually

Estimated Total Reporting/

Recordkeeping Burden: 746,695 hours

OMB Number: 1545–1070

Regulation ID Number: INTL–934–86

Final Regulations TD 8432; and

INTL–27–92 Temporary Regulations

TD 8223

Type of Review: Extension

Title: Branch Profits Tax (INTL–934–

86); and Section 1.884–2T (INTL–27–

92)

Description: The regulation explains

how to comply with section 884,

which imposes a tax on earnings of a

foreign corporation’s branch that are

removed from the branch and which

subjects interest paid by the branch,

and certain interest deducted by the

foreign corporation to tax.

Respondents: Business or other forprofit

Estimated Number of Respondents/

Recordkeepers: 28,500

Estimated Burden Hours Per

Respondent/Recordkeeper: 4 hr., 45

min.

Frequency of Response: Annually

Estimated Total Reporting/

Recordkeeping Burden: 12,694 hours

OMB Number: 1545–1379

Form Number: IRS Form 8831

Type of Review: Revision

Title: Excise Taxes on Excess Inclusions

of REMIC Residual Interests

Description: Form 8831 is used by a real

estate mortgage investment conduit

(REMIC) to figure its excise tax

liability under Code sections

860E(e)(1), 860E(e)(6), and 860E(e)(7).

IRS uses the information to determine

the correct tax liability of the REMIC.

Respondents: Business or other forprofit

Estimated Number of Respondents/

Recordkeepers: 31

Estimated Burden Hours Per

Respondent/Recordkeeper:

Recordkeeping—4 hr., 32 min.

Learning about the law or the form—

1 hr., 29 min.

Preparing and sending the form to the

IRS—1 hr., 38 min.

Frequency of Response: On occasion

Estimated Total Reporting/

Recordkeeping Burden: 237 hours

Clearance Officer: Garrick Shear (202)

622–3869, Internal Revenue Service,

Room 5571, 1111 Constitution

Avenue, N.W., Washington, DC

20224.

OMB Reviewer: Milo Sunderhauf (202)

395–7340, Office of Management and

Budget, Room 10226, New Executive

Office Building, Washington, DC

20503.

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 95–11082 Filed 5–4–95; 8:45 am]

BILLING CODE 4830–01–P

Public Information Collection

Requirements Submitted to OMB for

Review

April 26, 1995.

The Department of the Treasury has

submitted the following public

information collection requirement(s) to

OMB for review and clearance under the

Paperwork Reduction Act of 1980,

Public Law 96–511. 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.

Internal Revenue Service (IRS)

OMB Number: 1545–1250

Form Number: IRS Form 9356

Type of Review: Revision

Title: Application for Software

Developers to Participate in the

1040PC Format for Individual Income

Tax Returns

Description: Form 9356 will be filled-in

by software developers and submitted

to IRS as an application for producing

software for the Form 1040PC.

Respondents: Business or other forprofit