[Federal Register Volume 63, Number 216 (Monday, November 9, 1998)]
[Notices]
[Pages 60444-60445]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-29957]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
October 27, 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 December 9,
1998 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0016.
Form Number: IRS Form 706-A.
Type of Review: Revision.
Title: United States Additional Estate Tax Return.
Description: Form 706-A is used by individuals to compute and pay
the additional estate taxes due under Code section 2032A(c). IRS uses
the information to determine that the taxes have been properly
computed. The form is also used for the basis election of section
1016(c)(1).
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 180.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--3 hr., 17 min.
Learning about the law or the form--2 hr., 11 min.
Preparing the form--1 hr., 40 min.
Copying, assembling, and sending the form to the IRS--1 hr., 3 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 1,474 hours.
OMB Number: 1545-0020.
Form Number: IRS Form 709.
Type of Review: Extension.
Title: United States Gift (and Generation-Skipping Transfer) Tax
Return.
Description: Form 709 is used by individuals to report transfers
subject to the gift and generation-skipping transfer taxes and to
compute these taxes. IRS uses the information to enforce these taxes
and to compute the estate tax.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 130,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--40 min.
Learning about the law or the form--1 hr., 6 min.
Preparing the form--1 hr., 52 min.
Copying, assembling, and sending the form to the IRS--1 hr., 3 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 608,400 hours.
OMB Number: 1545-0021.
Form Number: IRS Form 709-A.
Type of Review: Extension.
Title: United States Short Form Gift Tax Return.
Description: Form 709-A is used to report gifts that would be
taxable that they are ``split'' between husband and wife. The form is a
simplified version of Form 709, designed to relieve these gift/
taxpayers of the burden of filing Form 709. IRS uses the information to
assure that ``gift-splitting'' was properly elected.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: Annually.
Estimated Burden Hours Per Respondent/Recordkeeper: 45,100 hours.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 44,100 hours.
OMB Number: 1545-0023.
Form Number: IRS Form 720.
Type of Review: Extension.
Title: Quarterly Federal Excise Tax Return.
Description: The information supplied on Form 720 is used by the
IRS to determine the correct tax liability. Additionally, the data is
reported by the IRS to Treasury so that funds may be transferred from
the general revenue fund to the appropriate trust funds.
Respondents: Business or other for-profit, Individuals or
households, Not-for-profit institutions, Farms, Federal Government,
State, Local or Tribal Government
Estimated Number of Respondents/Recordkeepers: 50,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
----------------------------------------------------------------------------------------------------------------
Learning about the law or Preparing and sending the
Form Recordkeeping the form form to the IRS
----------------------------------------------------------------------------------------------------------------
720......................... 23 hr., 41 min............ 2 hr., 23 min............. 6 hr., 29 min.
Schedule A.................. 2 hr., 52 min............. 3 min.....................
Schedule C:.................
Part I.................. 1 hr., 55 min............. 6 min..................... 8 min.
Part II................ 20 hr., 20 min............ 6 min..................... 20 min.
Part III............... 14 min.................... 6 min..................... 7 min.
----------------------------------------------------------------------------------------------------------------
Frequency of Response: Quarterly.
Estimated Total Reporting/Recordkeeping Burden: 3,691,999 hours.
OMB Number: 1545-0150.
Form Number: IRS Form 2848.
Type of Review: Extension.
Title: Power of Attorney and Declaration of Representative.
Description: Form 2848 is used to authorize someone to act for the
respondent in tax matters. It grants all powers that the taxpayer has
except signing a return and cashing refund checks. Data is used to
identify representatives and to ensure that confidential information is
not divulged to unauthorized persons. Also used to input representative
on CAF (Central Authorization File).
Respondents: Individuals or households, Business or other for-
profit, Not-for-profit institutions, Farms.
Estimated Number of Respondents/Recordkeepers: 800,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--20 min.
Learning about the law or the form--29 min.
Preparing the form--29 min.
Copying, assembling, and sending the form to the IRS--35 min.
Frequency of Response: Annually.
[[Page 60445]]
Estimated Total Reporting/Recordkeeping Burden: 1,504,000 hours.
OMB Number: 1545-0531.
Form Number: IRS Form 706-NA.
Type of Review: Extension.
Title: United States Estate (and Generation-Skipping Transfer) Tax
Return, Estate of Nonresident Not a Citizen of the United States.
Description: Under section 6018, executors must file estate tax
returns for nonresident noncitizens who had property in the United
States. Executors use Form 706-NA for this purpose. IRS uses the
information to determine correct tax and credits.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 300.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--1 hr., 38 min.
Learning about the law or the form--32 min.
Preparing the form--1 hr., 46 min.
Copying, assembling, and sending the form to the IRS--41 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 1,307 hours.
OMB Number: 1545-0790.
Form Number: IRS Form 8082.
Type of Review: Extension.
Title: Notice of Inconsistent Treatment or Administrative
Adjustment Request (AAR).
Description: Internal Revenue Code (IRC) sections 6222 and 6227
require partners to notify ITS by filing Form 8082 when they (1) treat
partnership items inconsistent with the partnership's treatment (6222),
and (2) change previously reported partnership items (6227). Sections
6244 and 860F extend this requirement to shareholders of S corporations
and residuals of REMICs. Also, sections 6241 and 6034A(c) extend this
requirement to partners in electing large partnerships and
beneficiaries of estates and trust.
Respondents: Business or other for-profit, Individuals or
households, Farms.
Estimated Number of Respondents/Recordkeepers: 10,600.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--4 hr., 18 min.
Learning about the law or the form--42 min.
Preparing and sending the form to the IRS--48 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 61,480 hours.
OMB Number: 1545-1038.
Form Number: IRS Form 8703.
Type of Review: Extension.
Title: Annual Certification of a Residential Rental Project.
Description: Operators of qualified residential projects will use
this form to certify annually that their projects meet the requirements
of Internal Revenue Code (IRC) section 142(d). Operators are required
to file this certification form under section 142(d)(7).
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 6,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--3 hr., 50 min.
Learning about the law and the form--1 hr. 17 min.
Preparing and sending the form to the IRS--1 hr., 25 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 39,180 hours.
OMB Number: 1545-1135.
Form Number: IRS Form 8817.
Type of Review: Extension.
Title: Allocation of Patronage and Nonpatronage Income Deductions.
Description: Form 8817 is used by taxable Farmer Cooperatives to
indicate their income deductions by patronage and nonpatronage source.
IRS uses this information to improve the classification of returns for
examination, and to enhance taxpayer compliance.
Respondents: Business or other for profit, Farms.
Estimated Number of Respondents/Recordkeepers: 1,650.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--16 hr., 44 min.
Learning about the law or the form--36 min.
Preparing and sending the form to the IRS--53 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 21,978 hours.
Clearance Officer: Garrick Shear, 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 10202, New Executive Office Building,
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 98-29957 Filed 11-6-98; 8:45 am]
BILLING CODE 4830-01-P
