Proposed Collection; Comment Request for Forms 1042, 1042-S, and 1042-T, 22466 [E8-9028]

Download as PDF 22466 Federal Register / Vol. 73, No. 81 / Friday, April 25, 2008 / Notices DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Forms 1042, 1042–S, and 1042–T Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: SUMMARY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and 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 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, Form 1042–S, Foreign Person’s U.S. Source Income Subject to Withholding, and Form 1042–T, Annual Summary and Transmittal of Forms 1042–S. DATES: Written comments should be received on or before June 24, 2008 to be assured of consideration. ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal Revenue Service, room 6129, 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 Carolyn N. Brown, at (202) 622–6688, or at Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or through the internet at Carolyn.N.Brown@irs.gov. sroberts on PROD1PC70 with NOTICES SUPPLEMENTARY INFORMATION: Title: Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, Form 1042– S, Foreign Person’s U.S. Source Income Subject to Withholding, and Form 1042–T, Annual Summary and Transmittal of Forms 1042–T. OMB Number: 1545–0096. Form Numbers: 1042, 1042–S, and 1042–T. Abstract: Form 1042 is used by withholding agents to report tax withheld at source on payment of certain income paid to nonresident alien individuals, foreign partnerships, or foreign corporations. The IRS uses this information to verify that the correct amount of tax has been withheld and paid to the United States. Form 1042– VerDate Aug<31>2005 20:20 Apr 24, 2008 Jkt 214001 S is used to report certain income and tax withheld information to nonresident alien payees and beneficial owners. Form 1042–T is used by withholding agents to transmit Forms 1042–S to the IRS. Current Actions: Forms 1042, 1042–S and 1042–T were revised, adding 3 line items and deleting 2 line items to accommodate the treatment of substitute payments prescribed by Notice 97–66. These changes resulted in an increase of burden hours to 1,360,940. Type of Review: Revision of a currently approved collection. Affected Public: Business or other for profit organizations and individuals or households. Estimated Number of Respondents: 22,000. Estimated Time per Respondent: 61 hours, 52 minutes. Estimated Total Annual Burden Hours: 1,360,940. 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: April 18, 2008. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. E8–9028 Filed 4–24–08; 8:45 am] BILLING CODE 4830–01–P PO 00000 Frm 00146 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE TREASURY Office of Thrift Supervision Branch Offices Office of Thrift Supervision (OTS), Treasury. ACTION: Notice and request for comment. AGENCY: SUMMARY: The proposed information collection request (ICR) described below has been submitted to the Office of Management and Budget (OMB) for review and approval, as required by the Paperwork Reduction Act of 1995. OTS is soliciting public comments on the proposal. Submit written comments on or before May 27, 2008. A copy of this ICR, with applicable supporting documentation, can be obtained from RegInfo.gov at https://www.reginfo.gov/ public/do/PRAMain. ADDRESSES: Send comments, referring to the collection by title of the proposal or by OMB approval number, to OMB and OTS at these addresses: Office of Information and Regulatory Affairs, Attention: Desk Officer for OTS, U.S. Office of Management and Budget, 725 17th Street, NW., Room 10235, Washington, DC 20503, or by fax to (202) 395–6974; and Information Collection Comments, Chief Counsel’s Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552, by fax to (202) 906–6518, or by e-mail to infocollection.comments@ots.treas.gov. OTS will post comments and the related index on the OTS Internet Site at https://www.ots.treas.gov. In addition, interested persons may inspect comments at the Public Reading Room, 1700 G Street, NW., by appointment. To make an appointment, call (202) 906– 5922, send an e-mail to public.info@ots.treas.gov, or send a facsimile transmission to (202) 906– 7755. DATES: For further information or to obtain a copy of the submission to OMB, please contact Ira L. Mills at, ira.mills@ots.treas.gov, (202) 906–6531, or facsimile number (202) 906–6518, Regulations and Litigation Division, Chief Counsel’s Office, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. SUPPLEMENTARY INFORMATION: OTS may not conduct or sponsor an information collection, and respondents are not required to respond to an information collection, unless the information collection displays a currently valid OMB control number. As part of the FOR FURTHER INFORMATION CONTACT: E:\FR\FM\25APN1.SGM 25APN1

Agencies

[Federal Register Volume 73, Number 81 (Friday, April 25, 2008)]
[Notices]
[Page 22466]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-9028]



[[Page 22466]]

-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Forms 1042, 1042-S, and 
1042-T

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and 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 1042, Annual Withholding Tax Return for U.S. Source Income of 
Foreign Persons, Form 1042-S, Foreign Person's U.S. Source Income 
Subject to Withholding, and Form 1042-T, Annual Summary and Transmittal 
of Forms 1042-S.

DATES: Written comments should be received on or before June 24, 2008 
to be assured of consideration.

ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal 
Revenue Service, room 6129, 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 Carolyn N. 
Brown, at (202) 622-6688, or at Internal Revenue Service, room 6129, 
1111 Constitution Avenue, NW., Washington, DC 20224, or through the 
internet at Carolyn.N.Brown@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Form 1042, Annual Withholding Tax Return for U.S. Source 
Income of Foreign Persons, Form 1042-S, Foreign Person's U.S. Source 
Income Subject to Withholding, and Form 1042-T, Annual Summary and 
Transmittal of Forms 1042-T.
    OMB Number: 1545-0096.
    Form Numbers: 1042, 1042-S, and 1042-T.
    Abstract: Form 1042 is used by withholding agents to report tax 
withheld at source on payment of certain income paid to nonresident 
alien individuals, foreign partnerships, or foreign corporations. The 
IRS uses this information to verify that the correct amount of tax has 
been withheld and paid to the United States. Form 1042-S is used to 
report certain income and tax withheld information to nonresident alien 
payees and beneficial owners. Form 1042-T is used by withholding agents 
to transmit Forms 1042-S to the IRS.
    Current Actions: Forms 1042, 1042-S and 1042-T were revised, adding 
3 line items and deleting 2 line items to accommodate the treatment of 
substitute payments prescribed by Notice 97-66. These changes resulted 
in an increase of burden hours to 1,360,940.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for profit organizations and 
individuals or households.
    Estimated Number of Respondents: 22,000.
    Estimated Time per Respondent: 61 hours, 52 minutes.
    Estimated Total Annual Burden Hours: 1,360,940.
    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: April 18, 2008.
R. Joseph Durbala,
IRS Reports Clearance Officer.
 [FR Doc. E8-9028 Filed 4-24-08; 8:45 am]
BILLING CODE 4830-01-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.