[Federal Register Volume 61, Number 179 (Friday, September 13, 1996)]
[Notices]
[Page 48526]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-23465]
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DEPARTMENT OF THE TREASURY
Submission to OMB for Review; Comment Request
September 6, 1996.
The Department of 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.
Internal Revenue Service (IRS)
OMB Number: 1545-1004.
Form Number: IRS Form 1120-REIT.
Type of Review: Revision.
Title: U.S. Income Tax Return for Real Estate Investment Trusts.
Description: Form 1120-REIT is filed by a corporation, trust, or
association electing to be taxed as a REIT in order to report its
income, and deductions, and to compute its tax liability. IRS uses Form
1120-REIT to determine whether the REIT has correctly reported its
income, deductions, and tax liability.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 363.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--59 hr., 4 min.
Learning about the law or the form--19 hr., 43 min.
Preparing the form--39 hr., 13 min.
Copying, assembling, and sending the form to the IRS--5 hr., 1 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 44,682 hours.
Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue
Service, Room 5571, 1111 Constitution Avenue, NW., Washington, DC
20224.
OMB Reviewer: Alexander T. Hunt (202) 395-7340, Office of
Management and Budget, Room 10226, New Executive Office Building,
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 96-23465 Filed 9-12-96; 8:45 am]
BILLING CODE 4830-01-U
