[Federal Register Volume 61, Number 122 (Monday, June 24, 1996)]
[Notices]
[Page 32477]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-15926]
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DEPARTMENT OF THE TREASURY
Proposed Collection; Comment Request for Form 1099-R
AGENCY: Internal Revenue Service (IRS), Treasury.
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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-R, Distributions From Pensions, Annuities, Retirement or
Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
DATES: Written comments should be received on or before August 23, 1996
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(s) 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: Distributions From Pensions, Annuities, Retirement or
Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
OMB Number: 1545-0119.
Form Number: Form 1099-R.
Abstract: Form 1099-R is used to report distributions from
pensions, annuities, profit-sharing or retirement plans, IRAs, and the
surrender of insurance contracts. This information is used by IRS to
verify that income has been properly reported by the recipient.
Current Actions: There are no changes being made to this form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, not-
for-profit institutions, and Federal, state, local or tribal
governments.
Estimated Number of Respondents: 350,000.
Estimated Time Per Respondent: 41 hrs. 46 min.
Estimated Total Annual Burden Hours: 14,620,000.
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: June 13, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-15926 Filed 6-21-96; 8:45 am]
BILLING CODE 4830-01-P
