[Federal Register: July 17, 1998 (Volume 63, Number 137)]
[Notices]               
[Page 38694]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr17jy98-122]

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DEPARTMENT OF THE TREASURY

 
Submission to OMB for Review; Comment Request

July 10, 1998.
    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 August 17, 
1998, to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0902.
    Form Number: IRS Forms 8288 and 8288--A.
    Type of Review: Extension.
    Title: U.S. Withholding Tax Return for Dispositions by Foreign 
Persons of U.S. Real Property Interests (8288); and Statement of 
Withholding on Dispositions by Foreign Persons of U.S. Real Property 
Interests (8288--A)
    Description: Form 8288 is used by the withholding agent to report 
and transmit the withholding to IRS. Form 8288-A is used to validate 
the withholding and to return a copy to the transferor for his/her use 
in filing a tax return.
    Respondents: Individuals or households, Business or other for-
profit.
    Estimated Number of Respondents/Recordkeepers: 4,918.
    Estimated Burden Hours Per Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                                        Form 8288                           Form 8288-A         
----------------------------------------------------------------------------------------------------------------
Recordkeeping........................  5 hr., 30 min.............................  2 hr., 52 min.               
Learning about the law or the form...  4 hr., 40 min.............................  12 min.                      
Preparing and sending the form to the  4 hr., 58 min.............................  15 min.                      
 IRS.                                                                                                           
----------------------------------------------------------------------------------------------------------------

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 108,751 hours.
    OMB Number: 1545-0904.
    Regulation Project Number: INTL-45-86 Final (TD 8125).
    Type of Review: Extension.
    3Title: Foreign Management and Foreign Economic Processes 
Requirements of a Foreign Sales Corporation.
    Description: The regulations provide rules for complying with 
foreign management and foreign economic process requirements to enable 
Foreign Sales Corporations to produce foreign trading gross receipts 
and qualify for reduced tax rates. Rules are included for maintaining 
records to substantiate compliance. Affected public is limited to large 
corporations that export goods or services.
    Respondents: Business or other for-profit.
    Estimated Number of Recordkeepers: 11,001.
    Estimated Burden Hours Per Recordkeeper: 2 hours.
    Estimated Total Recordkeeping Burden: 22,001 hours.

    OMB Number: 1545-1043.
    Notice Number: Notices 88-30 and 88-132.
    Type of Review: Extension.
    Title: Diesel Fuel and Aviation Fuel Imposed at Wholesale Level 
(Notice 88-30); and Diesel and Aviation Fuel Taxes (Notice 88-132); 
Rules Effective 1/1/89.
    Description: Producers of aviation fuel must be registered by the 
IRS to sell the fuel tax-free. Producers must also obtain 
certifications from their tax-free buyers.
    Respondents: Business or other for-profit, Not-for-profit 
institutions, Farms, State, Local or Tribal Government.
    Estimated Number of Respondents/Recordkeepers: 3,500.
    Estimated Burden Hours Per Respondent/Recordkeeper: 1 hour, 6 
minutes.
    Frequency of Response: Quarterly.
    Estimated Total Reporting/Recordkeeping Burden: 3,850 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. 98-19058 Filed 7-16-98; 8:45 am]
BILLING CODE 4830-01-P