98-24631. Submission to OMB for Review; Comment Request

[Federal Register Volume 63, Number 178 (Tuesday, September 15, 1998)]
[Notices]
[Pages 49379-49380]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-24631]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

September 3, 1998.
    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.

DATES: Written comments should be received on or before October 15, 
1998 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: New.
    Form Number: IRS Form 8863.
    Type of Review: New collection.
    Title: Education Credits (Hope and Lifetime Learning Credits).
    Description: Section 25A of the Internal Revenue Code allows for 
two education credits, the Hope Credit and the lifetime learning 
credit. Form 8863 will be used to compute the amount of the allowable 
credits. The IRS will use the information on the form to verify that 
respondents correctly computed their education credits.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 12,000,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

------------------------------------------------------------------------
                                                                        
------------------------------------------------------------------------
Recordkeeping..........................  13 min.                        
Learning about the law or the form.....  11 min.                        
Preparing the form.....................  49 min.                        
Copying, assembling, and sending the     58 min.                        
 form to the IRS.                                                       
------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 18,224,000 hours.

    OMB Number: 1545-1022.
    Form Number: IRS Form 7018-C.
    Type of Review: Extension.
    Title: Order Blank for Forms.
    Description: Form 7018-C allows taxpayers who must file information 
returns a systematic way to order information tax forms materials.
    Respondents: Businesses or other for-profit, Individuals or 
households.
    Estimated Number of Respondents: 868,432.
    Estimated Burden Hours Per Respondent: 3 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 43,422 hours.

    OMB Number: 1545-1277.

[[Page 49380]]

    Form Number: IRS Forms 1040-TeleFile and 8855-V.
    Type of Review: Extension.
    Title: TeleFile (1040-TeleFile); and TeleFile Payment Voucher 
(8855-V).
    Description: Form 1040EZ filers who are single with no dependents, 
and whose IRS mail label has not changed, will be given the option to 
file their return by telephone, with no return to send in to the IRS. 
The IRS will use the information obtained to compute the taxpayer's 
refund or balance due.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 5,600,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

------------------------------------------------------------------------
                                                                        
------------------------------------------------------------------------
Recordkeeping..........................  7 min.                         
Learning about the law or the Tax        37 min.                        
 Record.                                                                
Preparing the Tax Record...............  22 min.                        
TeleFile phone call....................  10 min.                        
Preparing Form 8855-V (if you owe        17 min.                        
 money).                                                                
------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 8,095,000 hours.

    OMB Number: 1545-1608.
    Regulation Project Number: REG-119227-97 NPRM.
    Type of Review: Extension.
    Title: Kerosene Tax; Aviation Fuel Tax; Tax on Heavy
    Description: The regulation implements three (3) new tax 
provisions: The tax on kerosene, the refund for aviation fuel 
producers, and the registration rules for certain truck dealers.
    Respondents: Businesses or other for-profit.
    Estimated Number of Respondents: 11,600.
    Estimated Burden Hours Per Respondent: 17 minutes.
    Frequency of Response: On occasion, Annually, Other (once).
    Estimated Total Reporting Burden: 3,340 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. 98-24631 Filed 9-14-98; 8:45 am]
BILLING CODE 4830-01-P