[Federal Register Volume 59, Number 1 (Monday, January 3, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 93-32057]
[[Page Unknown]]
[Federal Register: January 3, 1994]
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DEPARTMENT OF THE TREASURY
Public Information Collection Requirements Submitted to OMB for
Review
December 27, 1993.
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 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
3171 Treasury Annex, 1500 Pennsylvania Avenue, NW., Washington, DC
20220.
Internal Revenue Service
OMB Number: 1545-0023.
Form Number: IRS Form 720.
Type of Review: Revision.
Title: Quarterly Federal Excise Tax Return.
Description: Form 720 is used to report excise taxes due from
retailers and manufacturers on the sale or manufacture of various
articles, to report taxes on facilities and services, and taxes on
certain products and commodities (gasoline and vaccines, etc.). It
enables IRS to monitor excise tax liability for various categories on a
single form and to collect the tax quarterly in compliance with the law
and regulations (Internal Revenue Code 6011).
Respondents: Individuals or households, Businesses or other for-
profit, Small businesses or organizations.
Estimated Number of Respondents/Recordkeepers: 338,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
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Learning about the law or Preparing and sending the
Form Recordkeeping the form form to the IRS
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720......................... 25 hr., 35 min............ 2 hr., 20 min............. 8 hr., 51 min.
Sch. A...................... 2 hr., 23 min............. .......................... 2 min.
Sch. C Part I............... 2 hr., 38 min............. .......................... 2 min.
Sch. C Part II.............. 7 hr., 10 min............. .......................... 7 min.
Sch. C Part III............. 14 min.................... ..........................
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Frequency of Response: Quarterly.
Estimated Total Reporting/Recordkeeping Burden: 9,917,620 hours.
Clearance Officer: Garrick Shear, (202) 622-3869, Internal Revenue
Service, Room 5571, 1111 Constitution Avenue, NW., Washington, DC
20224.
OMB Reviewer: Milo Sunderhauf, (202) 395-6880, Office of Management and
Budget, Room 3001, New Executive Office Building, Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 93-32057 Filed 12-30-93; 8:45 am]
BILLING CODE 4830-01-P
