[Federal Register Volume 62, Number 245 (Monday, December 22, 1997)]
[Notices]
[Pages 66894-66895]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-33361]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request For Forms 4804 and 4802
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort
[[Page 66895]]
to reduce paperwork and respondent burden, invites the general public
and other Federal agencies to take this opportunity to comment on
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995, Pub. L. 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 4804, Transmittal of Information Returns Reported Magnetically/
Electronically, and Form 4802, Transmittal of Information Returns
Reported Magnetically/Electronically (Continuation of Form 4804).
DATES: Written comments should be received on or before February 20,
1998 to be assured of consideration.
ADDRESSES: Direct all written comments to Garrick R. Shear, Internal
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the information collection should be directed to Carol
Savage, (202) 622-3945, Internal Revenue Service, room 5569, 1111
Constitution Avenue NW., Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Form 4804, Transmittal of Information Returns Reported
Magnetically/Electronically, and Form 4802, Transmittal of Information
Returns Reported Magnetically/Electronically (Continuation of Form
4804).
OMB Number: 1545-0367.
Form Number: Forms 4804 and 4802.
Abstract: Under Internal Revenue Code sections 6041 and 6042, all
persons engaged in a trade or business and making payments of taxable
income must file reports of this income with the IRS. In certain cases,
this information must be filed on magnetic media. Forms 4804 and 4802
are transmittal forms for the magnetic media and indicate the payer,
type of document, and total payee records.
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, not-for-profit institutions, farms, and Federal, state,
local or tribal governments.
Estimated Number of Responses: 138,343.
Estimated Time Per Response: 20 minutes.
Estimated Total Annual Burden Hours: 45,406.
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. 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: December 17, 1997.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 97-33361 Filed 12-19-97; 8:45 am]
BILLING CODE 4830-01-U
