[Federal Register Volume 63, Number 189 (Wednesday, September 30, 1998)]
[Notices]
[Page 52317]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-26070]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 706
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, Pub. L. 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 706, United States Estate (and Generation-Skipping Transfer) Tax
Return.
DATES: Written comments should be received on or before November 30,
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: United States Estate (and Generation-Skipping Transfer) Tax
Return.
OMB Number: 1545-0015.
Form Number: 706.
Abstract: Form 706 is used by executors to report and compute the
Federal estate tax imposed by Internal Revenue Code section 2001 and
the Federal generation-skipping transfer (GST) tax imposed by Code
section 2601. The IRS uses the information on the form to enforce the
estate and GST tax provisions of the Code and to verify that the taxes
have been properly computed.
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: Individuals or households and business or other
for-profit organizations.
Estimated Number of Respondents: 75,000.
Estimated Time Per Respondent: 23 hr., 11 min.
Estimated Total Annual Burden Hours: 1,739,052.
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 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: September 18, 1998.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 98-26070 Filed 9-29-98; 8:45 am]
BILLING CODE 4830-01-P
