[Federal Register Volume 62, Number 210 (Thursday, October 30, 1997)]
[Notices]
[Pages 58776-58777]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-28717]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0582]
Proposed Information Collection Activity: Proposed Collection;
Comment Request; Reinstatement
AGENCY: Office Financial Management, Office of Management, Department
of Veterans Affairs.
ACTION: Notice.
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SUMMARY: The Office of Financial Management (OFM), Office of
Management, Department of Veterans Affairs (VA), is announcing an
opportunity for public comment on the proposed collection of certain
information by the agency. Under the Paperwork Reduction Act (PRA) of
1995, Federal agencies are required to publish notice in the Federal
Register concerning each proposed collection of information, including
each proposed reinstatement, without change, of a previously approved
collection for which approval has expired, and allow 60 days for public
comment in response to the notice. This notice solicits comments on
requirements relating to Federal agencies collecting Internal Revenue
Service (IRS) 1099 tax reporting and Federal 1057 socio-economic
information on Federal I.M.P.A.C. (International Merchant Purchase
Authorization Card) credit card transactions.
DATES: Written comments and recommendations on the proposed collection
of information should be received on or before December 29, 1997.
ADDRESSES: Submit written comments on the collection of information to
Martha Orr, Office of Financial Management (047F), Office of
Management, Department of Veterans Affairs, 810 Vermont Avenue, NW,
Washington, DC 20420. Please refer to ``OMB Control No. 2900-0582'' in
any correspondence.
FOR FURTHER INFORMATION CONTACT: Martha Orr at (202) 273-9447.
SUPPLEMENTARY INFORMATION: Under the PRA of 1995 (Public Law 104-13; 44
U.S.C. 3501-3520), Federal agencies must obtain approval from the
Office of Management and Budget (OMB) for each collection of
information they conduct or sponsor. This request for comment is being
made pursuant to Section 3506(c)(2)(A) of the PRA.
With respect to the following collection of information, comments
are invited on: (1) Whether the proposed collection of information is
necessary for the proper performance of functions, including whether
the information will have practical utility; (2) the accuracy of the
burden estimate of the proposed collection of information; (3) ways to
enhance the quality, utility, and clarity of the information to be
collected; and (4) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or the use of other forms of information
technology.
Title Form Numbers: Request for IRS 1099-MISC Tax Collection and
Federal 1057 Socio-Economic Status, VA Form Letter 4-555.
OMB Control Number: 2900-0582.
Type of Review: Extension of a currently approved collection.
Abstract: Federal agencies are required to collect Internal Revenue
[[Page 58777]]
Service (IRS) 1099 tax reporting and Federal 1057 socio-economic
information on Federal I.M.P.A.C. (International Merchant Purchase
Authorization Card) credit card transactions. The VA, with the
assistance of an outside entity, sends VA Form Letter 4-555 to collect
the necessary information from merchants the Federal government has
done business with using the I.M.P.A.C. credit card. The form letter
supports the validity and urgency for the collection of information and
provides a standardized format for reporting. The General Services
Administration (GSA) could not issue this type of collection of
information at this time, due to the current re-procurement status for
the purchase credit card.
It is essential to the VA's reporting requirements that this type
of information be collected for our I.M.P.A.C. card transactions. By
law, VA as well as all Federal agencies, must report 1099 status and
also have requirements to report the socio-economic status of the
merchants with whom we do business.
Affected Public: Business or other for-profit.
Estimated Annual Burden: 62,500 hours.
Estimated Average Burden Per Respondent: 5 minutes.
Frequency of Response: Annually.
Estimated Number of Respondents: 750,000.
Dated: October 7, 1997.
By direction of the Secretary.
Barbara Epps,
Management Analyst, Information Management Service.
[FR Doc. 97-28717 Filed 10-29-97; 8:45 am]
BILLING CODE 8320-01-P
