98-7527. Submission to OMB for Review; Comment Request

[Federal Register Volume 63, Number 56 (Tuesday, March 24, 1998)]
[Notices]
[Pages 14174-14175]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-7527]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

March 17, 1998.
    The Department of the 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 April 23, 
1998 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1574.
    Form Number: IRS Form 1098-T.
    Type of Review: Extension.
    Title: Tuition Payments Statements.
    Description: Section 6050S of the Internal Revenue Code requires 
eligible education institutions to report certain information to the 
IRS and to students. Form 1098-T has been developed to meet this 
requirement.
    Respondents: Business or other for-profit, Not-for-profit 
institutions.
    Estimated Number of Respondents/Recordkeepers: 7,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 7 minutes.

[[Page 14175]]

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 2,420,000 hours.

    OMB Number: 1545-1576.
    Form Number: IRS Form 1098-E.
    Type of Review: Extension.
    Title: Student Loan Interest Statement.
    Description: Section 6050S(b)(2) of the Internal Revenue Code 
requires persons (financial institutions, governmental units, etc.) to 
report $600 or more of interest paid on student loans to the IRS and 
the students.
    Respondents: Business or other for-profit, Not-for-profit 
institutions, State, Local or Tribal Government.
    Estimated Number of Respondents/Recordkeepers: 200,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 3 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 750,000 hours.

    Clearance Officer: Garrick Shear [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW., Washington, DC 
20224.
    OMB Reviewer: Alexander T. Hunt [phone], Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 98-7527 Filed 3-23-98; 8:45 am]
BILLING CODE 4830-01-P