Proposed Collection; Comment Request for Forms W-8BEN, W-8BEN-E, W-8ECI, W-8EXP, and W-8IMY, 10001-10002 [2021-03133]
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Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices
Estimated Number of Respondents:
5,000.
Estimated Time Per Respondent: 30
mins.
Estimated Total Annual Burden
Hours: 2,500.
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. Comments
will be 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 has 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 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: January 25, 2021.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2021–03128 Filed 2–16–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Forms W–8BEN, W–8BEN–
E, W–8ECI, W–8EXP, and W–8IMY
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
jbell on DSKJLSW7X2PROD with NOTICES
AGENCY:
VerDate Sep<11>2014
20:43 Feb 16, 2021
Jkt 253001
The Internal Revenue Service
(IRS), 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 information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
Form W–8BEN, Certificate of Foreign
Status of Beneficial Owner for United
States Tax Withholding and Reporting
(Individual), Form W–8BEN–E,
Certificate of Status of Beneficial Owner
for United States Tax Withholding and
Reporting (Entities), Form W–8ECI,
Certificate of Foreign Person’s Claim
That Income Is 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 Reporting,
Form W–8IMY, Certificate of Foreign
Intermediary, Foreign Flow-Through
Entity, or Certain U.S. Branches for
United States Tax Withholding and
Reporting, and the EW–8 MOU Program.
DATES: Written comments should be
received on or before April 19, 2021 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Kinna Brewington, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the forms and instructions
should be directed to Martha R. Brinson,
at (202) 317–5753, or at Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington,
DC 20224, or through the internet at
Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Form W–8BEN, Certificate of
Foreign Status of Beneficial Owner for
United States Tax Withholding and
Reporting (Individual), Form W–8BEN–
E, Certificate of Status of Beneficial
Owner for United States Tax
Withholding and Reporting Entities),
Form W–8ECI,Certificate of Foreign
Person’s Claim That Income Is
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 Reporting, Form W–
8IMY, Certificate of Foreign
SUMMARY:
PO 00000
Frm 00097
Fmt 4703
Sfmt 4703
10001
Intermediary, Foreign Flow-Through
Entity, or Certain U.S. Branches for
United States Tax Withholding and
Reporting.
OMB Number: 1545–1621.
Form Numbers: W–8BEN, W–8BEN–
E, W–8ECI, 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 and 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. Reg. § 1.1441–
1(e)(4)(iv) provides that a withholding
agent may establish a system for a
beneficial owner to electronically
furnish a Form W–8 or an acceptable
substitute Form W–8. Withholding
agents with systems that electronically
collect Forms W–8 may voluntarily
choose to participate in the IRS EW–8
MOU Program. The EW–8 MOU
Program is a collaborative process
between the withholding agents and
IRS.
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.
E:\FR\FM\17FEN1.SGM
17FEN1
10002
Federal Register / Vol. 86, No. 30 / Wednesday, February 17, 2021 / Notices
Number
respondents
Form
Form
Form
Form
Form
Total annual
burden hours
W–8BEN .............................................................................................................................
W–8BEN–E ........................................................................................................................
W–8ECI ..............................................................................................................................
W–8EXP .............................................................................................................................
W–8IMY ..............................................................................................................................
2,970,000
170,000
180,000
240
70,400
7.18
26.45
9.13
20.53
25.88
21,324,600
4,496,500
1,643,400
4,928
1,821,952
Total ......................................................................................................................................
3,390,640
........................
29,291,380
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. Comments
will be 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 has 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 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: January 29, 2021.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2021–03133 Filed 2–16–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
jbell on DSKJLSW7X2PROD with NOTICES
Time per
respondent
(hrs.)
Proposed Collection; Comment
Request for Salary Reduction
Simplified Employee PensionIndividual Retirement Accounts
Contribution Agreement
Internal Revenue Service (IRS),
Treasury.
AGENCY:
VerDate Sep<11>2014
20:43 Feb 16, 2021
Jkt 253001
Notice and request for
comments.
ACTION:
The Internal Revenue Service,
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 continuing
information collections, as required by
the Paperwork Reduction Act of 1995.
The IRS is soliciting comments
concerning salary reduction simplified
employee pension-individual retirement
accounts contribution agreement.
DATES: Written comments should be
received on or before April 19, 2021 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Kinna Brewington, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form should be directed to
Kerry Dennis, at (202) 317–5751 or
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Salary Reduction Simplified
Employee Pension-Individual
Retirement Accounts Contribution
Agreement.
OMB Number: 1545–1012.
Form Project Number: 5305A–SEP.
Abstract: Form 5305A–SEP is used by
an employer to make an agreement to
provide benefits to all employees under
a Simplified Employee Pension (SEP)
described in Internal Revenue Code
section 408(k). This form is not to be
filed with the IRS, but is to be retained
in the employer’s records as proof of
establishing a SEP and justifying a
deduction for contributions made to the
SEP.
Current Actions: There is no change to
the form or the paperwork burden
previously approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations and individuals.
SUMMARY:
PO 00000
Frm 00098
Fmt 4703
Sfmt 9990
Estimated Number of Respondents:
100,000.
Estimated Time per Response: 9
hours, 43 minutes.
Estimated Total Annual Burden
Hours: 972,000.
The following paragraph applies to all
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 if 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: February 2, 2021.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2021–03140 Filed 2–16–21; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\17FEN1.SGM
17FEN1
]]>Agencies
[Federal Register Volume 86, Number 30 (Wednesday, February 17, 2021)]
[Notices]
[Pages 10001-10002]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-03133]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Forms W-8BEN, W-8BEN-E,
W-8ECI, W-8EXP, and W-8IMY
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act
of 1995. The IRS is soliciting comments concerning Form W-8BEN,
Certificate of Foreign Status of Beneficial Owner for United States Tax
Withholding and Reporting (Individual), Form W-8BEN-E, Certificate of
Status of Beneficial Owner for United States Tax Withholding and
Reporting (Entities), Form W-8ECI, Certificate of Foreign Person's
Claim That Income Is 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 Reporting, Form W-8IMY, Certificate of Foreign
Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for
United States Tax Withholding and Reporting, and the EW-8 MOU Program.
DATES: Written comments should be received on or before April 19, 2021
to be assured of consideration.
ADDRESSES: Direct all written comments to Kinna Brewington, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the forms and instructions should be directed to Martha R.
Brinson, at (202) 317-5753, or at Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW, Washington, DC 20224, 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 and Reporting (Individual),
Form W-8BEN-E, Certificate of Status of Beneficial Owner for United
States Tax Withholding and Reporting Entities), Form W-8ECI,Certificate
of Foreign Person's Claim That Income Is 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 Reporting, Form W-8IMY, Certificate
of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S.
Branches for United States Tax Withholding and Reporting.
OMB Number: 1545-1621.
Form Numbers: W-8BEN, W-8BEN-E, W-8ECI, 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 and 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. Reg. Sec.
1.1441-1(e)(4)(iv) provides that a withholding agent may establish a
system for a beneficial owner to electronically furnish a Form W-8 or
an acceptable substitute Form W-8. Withholding agents with systems that
electronically collect Forms W-8 may voluntarily choose to participate
in the IRS EW-8 MOU Program. The EW-8 MOU Program is a collaborative
process between the withholding agents and IRS.
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.
[[Page 10002]]
----------------------------------------------------------------------------------------------------------------
Time per
Number respondent Total annual
respondents (hrs.) burden hours
----------------------------------------------------------------------------------------------------------------
Form W-8BEN..................................................... 2,970,000 7.18 21,324,600
Form W-8BEN-E................................................... 170,000 26.45 4,496,500
Form W-8ECI..................................................... 180,000 9.13 1,643,400
Form W-8EXP..................................................... 240 20.53 4,928
Form W-8IMY..................................................... 70,400 25.88 1,821,952
-----------------------------------------------
Total....................................................... 3,390,640 .............. 29,291,380
----------------------------------------------------------------------------------------------------------------
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.
Comments will be 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 has
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 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: January 29, 2021.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2021-03133 Filed 2-16-21; 8:45 am]
BILLING CODE 4830-01-P
