[Federal Register Volume 63, Number 104 (Monday, June 1, 1998)]
[Notices]
[Pages 29779-29780]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-14301]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 4562
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 4562, Depreciation and Amortization (Including Information on
Listed Property).
DATES: Written comments should be received on or before July 31, 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 form and instructions should be directed to Martha R.
Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111
Constitution Avenue NW., Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Depreciation and Amortization (Including Information on
Listed Property).
OMB Number: 1545-0172.
Form Number: 4562.
Abstract: Form 4562 is used to claim a deduction for depreciation
and amortization; to make the election to expense certain tangible
property under Internal Revenue Code section 179; and to provide
information on the business/investment use of automobiles and other
listed property. The form provides the IRS with the information
necessary to determine that the correct depreciation deduction is being
claimed.
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, farms,
and individuals.
Estimated Number of Respondents: 6,500,000.
Estimated Time Per Respondent: 45 hr., 41 min.
Estimated Total Annual Burden Hours: 297,002,500.
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
[[Page 29780]]
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: May 14, 1998.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 98-14301 Filed 5-29-98; 8:45 am]
BILLING CODE 4830-01-U
