[Federal Register Volume 69, Number 76 (Tuesday, April 20, 2004)]
[Notices]
[Pages 21194-21195]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-8943]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1099-INT
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 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, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 1099-INT, Interest Income.
DATES: Written comments should be received on or before June 21, 2004,
to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn Kirkland, Internal
Revenue Service, room 6411, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Allan
Hopkins, at (202) 622-6665, or at Internal Revenue Service, room 6407,
1111 Constitution Avenue, NW., Washington, DC 20224, or through the
Internet, at [email protected]
SUPPLEMENTARY INFORMATION:
Title: Interest Income.
OMB Number: 1545-0112.
Form Number: 1099-INT.
Abstract: Form 1099-INT is used for reporting interest income paid,
as required by sections 6049 and 6041 of the Internal Revenue Code. The
IRS uses the form to verify compliance with the reporting rules and to
verify that the recipient has included the proper amount of interest on
his or her income tax return.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
Federal Government, individuals or households, and not-for-profit
institutions.
Estimated Number of Responses: 275,797,664.
Estimated Time Per Response: 12 minutes.
Estimated Total Annual Burden Hours: 54,979,533.
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
[[Page 21195]]
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: April 14, 2004,
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 04-8943 Filed 4-19-04; 8:45 am]
BILLING CODE 4830-01-P
